Mobile Encryption Market - Overview
The global Mobile Encryption Market is expected to
exhibit a solid 27.75% CAGR over the forecast period from 2018 to 2023,
according to the latest research report from Market Research Future (MRFR). The
global mobile encryption market was valued at USD 705.2 million in 2017 and is
expected to undergo robust growth over the forecast period to reach a valuation
of more than USD 3 billion by 2023, according to the report. The global mobile
encryption market is studied in great detail in the latest report from Market
Research Future (MRFR), which includes a detailed analysis of the market’s
historical growth trajectory and present condition.
Major trends operating in
the global mobile encryption market are examined in the report. Based on this
information, accurate and reliable projections for the market’s likely growth
trajectory over the forecast period till 2022 are presented in the report.
Leading drivers and restraints operating on the global mobile encryption market
are examined in the report.
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The impact of these major
drivers and restraints on the global mobile encryption market is examined in
detail in the report. Thus, the major factors enabling the market’s growth are
enlisted and profiled in the report. Leading players operating in the global
mobile encryption market are also profiled in the research report. The
competitive landscape of the global mobile encryption market is thus examined
in detail in the report. The report also examines the impact of the COVID-19
pandemic on the global mobile encryption market.
Mobile encryption is a way
of keeping mobile data secure by scrambling it between transmissions. A key is
needed to decipher the data at the receiver’s end, making it useless without
the key. The growing threat of data theft has been a major driver for the
global mobile encryption market over the last few years. The increasing
proliferation of consumer electronics such as smartphones and tablets is likely
to remain a major driver for the global mobile encryption market over the
forecast period. The increasing user base of smartphones and tablets has led to
an increasing usage of the same for conducting online transactions of various
kinds. This has made mobile devices a prime target for data thiefs and other
online attackers. This has led to various mobile manufacturers investing
heavily in mobile encryption technology in recent years. Apple Inc. has been a
leader in this regard. Apple, in fact, has even based their recent ad campaign
on the enhanced security offered in their mobile phones, making good use of
their investment in mobile encryption. This is likely to remain a major driver
for the global mobile encryption market over the forecast period.
Competitive Leaderboard:
Leading players in the
global mobile encryption market include T-Systems International GmbH,
DataMotion Inc., Check Point Software Technologies Ltd., Adeya SA,
Communication Security Group, Alertboot Data Security, Mobileiron Inc., Sophos
Ltd., Certes Networks Inc., Symantec Corporation, Intel Corporation, Blackberry
Ltd., IBM, and Dell Technologies Inc.
Segmentation:
The global mobile
encryption market is segmented on the basis of component, application, deployment,
enterprise size, vertical, and region.
By component, the global
mobile encryption market is segmented into solutions and services. The services
segment is further sub-segmented into managed services and professional
services.
By application, the global
mobile encryption market is segmented into disk encryption, communication
encryption, file/folder encryption, and cloud encryption.
By deployment, the global
mobile encryption market is segmented into on-premise and cloud.
By enterprise size, the global
mobile encryption market is segmented into large enterprises and SMEs.
By end use vertical, the
global mobile encryption market is segmented into BFSI, aerospace and defense,
healthcare, telecom, retail, government, and others.
Regional Analysis:
North America is likely to
dominate the global mobile encryption market over the forecast period due to
the growing awareness among consumers about the threat of data theft from their
mobile devices. Players such as Apple Inc., which are major players in the
mobile encryption market, are headquartered in the U.S., leading to steady
growth of the mobile encryption market in North America.
Get Complete Report Details at: https://www.marketresearchfuture.com/reports/mobile-encryption-market-7126
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