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Company Continues to Lead Mobile Threat Defense Market with Triple Digit Growth and Product Dominance
DALLAS, TX, August 22, 2018 – Zimperium, the global leader in mobile threat defense (MTD), finished the first half of 2018 on a continued high-growth trend. Fueled by triple-digit increases, the company is growing significantly faster than the market, and continuing to take share from competitors. Zimperium’s strong performance parallels the accelerating demand for mobile device security and MTD solutions. In fact, the mobile device security market is poised to reach several billion dollars by 2022.
As more companies, especially those in the public sector, financial and healthcare industries, move toward a mobile-centric approach, there is an increased need to protect the sensitive information that lives on mobile devices. Zimperium’s on-device, machine learning-based detection protects mobile devices and data at machine speed, without the delays and limitations of cloud-based detection. The company’s patented machine learning technology has detected every mobile exploit over the last five years, on-device and without requiring updates.
“MTD solutions protect mobile devices against a wide array of mobile threats through application scanning and risk management, network protection, behavioral anomaly detection and vulnerability management,” according to Patrick Hevesi and Michael Isbitski, research directors, Gartner for Technical Professionals1.
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“The success we’ve seen in the first half of 2018 demonstrates our commitment to solving our customers’ mobile device security problems,” said Shridhar Mittal, chief executive officer, Zimperium. “The momentum we are seeing in our business is unprecedented as organizations quickly pivot from questioning if there is a threat to how quickly can they protect themselves against this latest and mostly unprotected organizational entry point to steal valuable information.”
1 Gartner, Comparison of Mobile Threat Defense Solutions, 20 July 2018