At 24.7% CAGR, Europe Mobile Threat Defense Market is Projected to be Worth US$ 4,268.12 Million by 2030, says Business Market Insights

According to Business Market Insights' research, the Europe mobile threat defense market was valued at US$ 730.44 million in 2022 and is expected to reach US$ 4,268.12 million by 2030, registering a CAGR of 24.7% from 2022 to 2030. Rising small and medium enterprises and integration of AI and other advanced technologies are among the critical factors attributed to drive the Europe mobile threat defense market growth.

SMEs are major contributors to economic growth as they account for the majority of businesses worldwide, i.e., about 90%. However, due to financial constraints, the growth of SMEs slows down. Thus, the government sectors support SMEs to expand their business, which further contributes to the economic growth of any country.

For instance,

• World Bank Group focuses on improving SMEs' access to finances and obtaining innovative solutions to unlock various sources of capital. It also provides Advisory and Policy Support for SMEs finance that helps them adopt innovative solutions.
• In Europe, a network of European Digital Innovation Hubs or the Enterprise Europe Network offers help for SMEs to adopt digital tools securely. They provide solutions such as raising awareness, assessing digital maturity, access to finance, offering mentoring, and facilitating experimentation with digital tools.

As businesses are going digital, securing mobile devices from potential cyberattacks has become crucial for any organization. Government support to provide financial aid to small and medium businesses boosts their capability to leverage advanced solutions to secure their company's critical information from attacks such as phishing, malware, and ransomware. Thus, government support for SMEs contributes to huge opportunities for the mobile threat defense market growth.

On the contrary, drawbacks of mobile threat defense hamper the growth of Europe mobile threat defense market.

Based on operating system, the Europe mobile threat defense market is bifurcated into android and iOS. The android segment held 65.9% market share in 2022, amassing US$ 481.21 million. It is projected to garner US$ 2,738.87 million by 2030 to register 24.3% CAGR during 2022-2030.

In terms of enterprise size, the Europe mobile threat defense market is divided into large enterprise and SMEs. The large enterprise segment held 56.9% share of Europe mobile threat defense market in 2022, amassing US$ 415.74 million. It is projected to garner US$ 2,095.67 million by 2030 to expand at 22.4% CAGR from 2022 to 2030.

By end user, the Europe 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 30.1% share of Europe mobile threat defense market in 2022, amassing US$ 220.07 million. It is predicted to garner US$ 1,267.38 million by 2030 to expand at 24.5% CAGR between 2022 and 2030.

Based on country, the Europe mobile threat defense market is categorized into Germany, the UK, France, Italy, Russia, and the Rest of Europe. Our regional analysis states that Germany captured 33.1% share of Europe mobile threat defense market in 2022. It was assessed at US$ 241.56 million in 2022 and is likely to hit US$ 1,259.19 million by 2030, registering a CAGR of 22.9% during 2022-2030.

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

• In January 2023, Lockheed Martin Corporation announced an expansion of their strategic relationship to transform the mission-critical business systems that power Lockheed Martin's OneLM Transformation Program (1LMX). 1LMX is the industry-leading business and digital transformation effort that is enhancing the speed, agility, insights, and competitiveness of Lockheed Martin. By leveraging data as a strategic asset, enabling a model-based enterprise that spans the full product value chain, and streamlining systems and processes to both grow and run the business, Lockheed Martin is taking the lead in forging a more resilient, secure, and modernized supply chain for the nation's defense industrial base.
• In December 2023, Cisco unveiled the Cisco AI Assistant for Security. This marks a major step in making artificial intelligence (AI) pervasive in the Security Cloud, Cisco's unified, AI-driven, cross-domain security platform. The AI Assistant will help customers make informed decisions, augment their tool capabilities, and automate complex tasks.
  
  

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