Mobile encryption is used for protecting data from any type of malware,
data threats and sophisticated cyber-crimes. Organizations including small and
large enterprises across the world are rapidly adopting mobile encryption in
order to avoid penalties caused from data breaches. One of the most common type
of mobile encryption being used is full disk encryption (FDE).
By component, the market is segmented into solution and services. The
services segment is further bifurcated into managed services and professional
services. Solution market is the largest revenue generating segment and is
expected to continue its dominance during the forecast period. The services
segment is expected to grow at the fastest rate during the forecast period.
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By application, the market is segmented into disk
encryption, communication encryption, file/folder encryption, and cloud
encryption. Cloud encryption segment is expected to grow at the fastest growth
rate during the forecast period owing to rapid adoption of cloud in various
organization in order to reduce cost and achieve scalability. The increasing
amount of sensitive data on cloud coupled with rising data theft and data
leakages has prompted the enterprises to adopt cloud encryption.
By deployment type, the market is segmented into
on-premise and cloud. On-premise segment contributes to the largest share in mobile
encryption market whereas cloud segment is expected to grow at a high
CAGR during the forecast period.
By enterprise size, the market can be segmented into
SMEs and large enterprises. Large enterprises segment dominates the mobile
encryption market and is expected to continue its dominance through the
forecast period.
By vertical, the mobile encryption market is segmented
into BFSI, aerospace and defense, healthcare, telecom, retail, government and
public sector and others. By region, the market is segmented into North
America, Europe, Asia-Pacific, and rest of the world.
Key
Players
The key players
in the mobile encryption market are identified across all the major regions
based on their country of origin, presence across different regions, recent key
developments, product diversification, and industry expertise. Some of them are
– Dell Technologies, Inc. (US), IBM (US), Blackberry Limited (Canada), Intel
Corporation (US), Symantec Corporation (US), Certes Networks, Inc. (US), Sophos
Ltd. (UK), Mobileiron, Inc. (US), Alertboot Data Security (US), and
Communication Security Group (US). These players contribute a major share in the
growth of Mobile encryption market.
Apart from the
top key players, there are other players that contribute to the market growth.
These include Adeya SA (Switzerland), Check Point Software Technologies, Ltd.
(Israel), DataMotion, Inc. (US) and T-Systems International GmbH (Germany), and
others.
Regional
Analysis:
The mobile encryption market is estimated to grow at
a significant rate during the forecast period from 2018 to 2023. The
geographical analysis of mobile encryption market is studied for North America,
Europe, Asia-Pacific, and the rest of the world (including the Middle East,
Africa, and Latin America). North America is the largest revenue generating
segment and is expected to continue its dominance during the forecast period.
Factors such as large number of smartphone adoption, increasing internet
penetration, advanced IT infrastructure is creating demand for mobile
encryption the North America region. Also, early adoption of advanced
technologies in US and Canada is one of the important factors for the growth of
mobile encryption market in this region. North America is followed by Europe
wheras Asia-Pacific is expected to grow at the highest CAGR during the forecast
period. Introduction of data privacy regulations in countries such as China,
India, Japan and Singapore is expected to create the demand for mobile
encryption.
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