Mobile Encryption Market – Overview
The smartphone encryption market value is anticipated to reach up to USD 3.013 billion over the forecast period (2017-2023), with a CAGR of about 27.75%. 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 historical mobile encryption market growth trajectory and present condition. The market segmentation analysis offered in the research study demonstrates how different product segments, applications, and regions, SWOT analysis, expert review and forecast.
The report provides a thorough analysis of the Mobile Encryption Market present condition, SWOT Analysis, business plans, creation and usage, value patterns, and market participant, region, type, and application study.
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.
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.
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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.
Mobile Encryption Market Opportunities
Encryption of mobile phones helps prevent data breaches and leaks. Opportunities for Mobile Encryption market sales are growing among the adoption of cloud-based work environments. Moreover, people for opting for encryptions that offer irrecoverable protection and FDE (Full-Disk Encryption).
Mobile Encryption Market Segmentation:
The global mobile encryption market is segmented on the basis of component, application, deployment, enterprise size, vertical, and region.
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By Deployment Type:
By Organization Size:
- Large Enterprises
- Small and Medium Enterprises (SMEs)
- Professional services
- Managed services
- Cloud Encryption
- Disk Encryption
- File Encryption
- Communication Encryption
- Government & Public Sector
- Retail and e-Commerce
- IT & Telecommunication
- Aerospace & Defense
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Mobile Encryption Market Key Players:
- IBM (US)
- Apple Inc. (US)
- Intel Corporation (US)
- Dell Technologies Inc. (US)
- Blackberry Ltd (Canada)
- Certes Networks Inc. (US)
- Mobileiron Inc. (US)
- Symantec Corporation (US)
- Sophos Ltd. (UK)
- Communication Security Group (US)
- Alertboot Data Security (US)
- T-Systems International GmbH (Germany)
- Check Point Software Technologies Ltd. (Israel)
- Adeya SA (Switzerland)
- DataMotion Inc. (US)
Mobile Encryption Market 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.
Key Points Covered in the Report:
- The Mobile Encryption research assesses the industry’s share in terms of demand and supply, as well as volume.
- The study mentions the market share acquired by each product category in terms of consumption value and volume.
- The report meticulously discusses financial records of cumulative sales and overall income gathered by each product category.
- The study includes information on the major organizations’ sales, product pricing methods, revenue shares, and gross margins.
- The operational base of the listed enterprises throughout many locations, as well as their distribution methods, is considered.
- There is also information on the market concentration ratio, partnerships, alliances, acquisitions, new rivals, and other significant changes.
Major Points from TOC:
- Global Mobile Encryption Market Overview
- Executive Summary
- Production and Capacity by Region
- Production, Revenue, Price Trend by Type
- Key Players Analysis
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