At 20.2% CAGR, South & Central America Mobile Threat Defense Market is Projected to be Worth US$ 528.56 Million by 2030, says Business Market Insights

According to Business Market Insights' research, the South & Central America mobile threat defense market was valued at US$ 121.15 million in 2022 and is expected to reach US$ 528.56 million by 2030, registering a CAGR of 20.2% from 2022 to 2030. Integration of AI and other advanced technologies and strategic initiatives by market players are among the critical factors attributed to drive the South & Central America mobile threat defense market growth.

Rapidly evolving security threats are estimated to raise the need for disruptive technologies such as artificial intelligence (AI) that are capable of analyzing a large amount of data. The ability of AI to provide quick mathematical calculations in order to augment the vital abilities of human intelligence is anticipated to generate growth opportunities for the mobile threat defense market in the near future.

Several mobile threat defense service providers have already integrated their existing solutions with AI techniques to improve their analytical and incident response abilities. For example, VMware provides a mobile threat defense solution to protect mobile devices from phishing and application, device, and rogue network-originated threats. The collaboration of existing mobile threat defense solutions with advanced analytical technologies to meet the end user expectations is further anticipated to drive noteworthy growth across the value chain of the mobile threat defense market.

On the contrary, drawbacks of mobile threat defense hamper the growth of South & Central America mobile threat defense market.

Based on operating system, the South & Central America mobile threat defense market is bifurcated into android and iOS. The android segment held 89.3% market share in 2022, amassing US$ 108.13 million. It is projected to garner US$ 467.60 million by 2030 to register 20.1% CAGR during 2022-2030.

In terms of enterprise size, the South & Central America mobile threat defense market is divided into large enterprise and SMEs. The large enterprise segment held 60.1% share of South & Central America mobile threat defense market in 2022, amassing US$ 72.76 million. It is projected to garner US$ 281.25 million by 2030 to expand at 18.4% CAGR from 2022 to 2030.

By end user, the South & Central America mobile threat defense market is categorized into IT and telecom, BFSI, manufacturing, retail and E-commerce, government and others. The IT and telecom segment held 29.5% share of South & Central America mobile threat defense market in 2022, amassing US$ 35.78 million. It is predicted to garner US$ 155.44 million by 2030 to expand at 20.2% CAGR between 2022 and 2030.

Based on country, the South & Central America mobile threat defense market is categorized into Brazil, Argentina, and the Rest of South & Central America. Our regional analysis states that Brazil captured 46.5% share of South & Central America mobile threat defense market in 2022. It was assessed at US$ 56.36 million in 2022 and is likely to hit US$ 263.91 million by 2030, registering a CAGR of 21.3% during 2022-2030.

Key players operating in the South & Central America mobile threat defense market are Sophos Ltd, Lookout, Inc; SentinelOne Inc; Microminder Cybersecurity; AO Kaspersky Lab; Ivanti; SAP SE; Cisco Systems Inc; Zimperium Inc; and Broadcom Inc, among others.

•  In November 2023, Sophos introduced several new solutions that advance critical defenses against active adversaries. Sophos exposes how these active adversaries are now carrying out ransomware "fast" attacks in mere hours in "The 2023 Active Adversary Report for Security Practitioners.
• In April 2023, Lookout, Inc., the endpoint-to-cloud security company, announced the availability of Lookout Mobile Endpoint Security, the industry's most advanced mobile endpoint detection and response (EDR) offering for managed security service providers (MSSPs). This solution enables MSSPs to deliver a complete turn-key program for identifying risk, protecting sensitive data, and securing their customers' mobile devices. With Lookout's Mobile EDR, MSSPs can help organizations reduce the risk of a data breach through mobile phishing, ransomware, and exploitation of device and app vulnerabilities.

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