Global Mobile Encryption Market, By Component (Solutions and Services), Application (Disk encryption, File/folder encryption, Communication encryption, Cloud encryption and Others), End User Type (Small and Medium-sized Enterprises and Large enterprises), Deployment Type (On-premises and Cloud), Vertical (Banking, Financial Services, and Insurance, Aerospace and Defense, Healthcare, Government and public sector, Telecommunications and IT, Retail and Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028.
Market Analysis and Insights of Mobile Encryption Market
Increased proliferation of smartphones and tablets across enterprises, growing concerns related to data security or privacy of data, and increasing application of mobile encryption by a wide range of end user verticals such as banking, financial services, and insurance, aerospace and defense, healthcare, government and public sector, telecommunications and IT, retail and others are the major factors attributable to the growth of mobile encryption market. Data Bridge Market Research analyses that the mobile encryption market will exhibit a CAGR of 30.68% for the forecast period of 2021-2028. This means that the mobile encryption market would stand tall at a market value of USD 10,128.91 million by 2028.
From the name itself, it is clear that mobile encryption is the technology of encrypting and encoding the user data using symmetric encryption keys. In other words, mobile encryption limits the unauthorized access into the devices.
Increased use of mobile devices, especially the developing ones, and rising concerns towards the sensitivity of data will emerge as the major mobile encryption market growth driving factors. Increasing demand for internet of things technology coupled with rising adoption of advanced technologies such as artificial intelligence will further aggravate the demand for mobile encryption. Need for stringent compliance and regulatory requirement is another factor bolstering the growth of mobile encryption market.
However, absence of trained workforce or skilled expertise will act as a growth restraint for the mobile encryption market. High operation expenditure will further dampen the growth rate of the mobile encryption market.
This mobile encryption market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on mobile encryption market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Mobile Encryption Market Scope and Market Size
The mobile encryption market is segmented on the basis of component, application, end user type, deployment type, and vertical. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target market.
- On the basis of component, the global mobile encryption market has been divided into solutions and services. Services segment is sub-segmented into professional services and managed services. Professional services segment is sub-segmented into support and maintenance, training and education, and consulting.
- On the basis of application, the global mobile encryption market has been divided into disk encryption, file/folder encryption, communication encryption, cloud encryption, and others.
- On the basis of end user type, the global mobile encryption market has been divided into small and medium sized enterprises and large enterprises.
- On the basis of deployment type, the mobile encryption market is classification into on-premises and cloud.
- On the basis of vertical, the mobile encryption market is segmented into banking, financial services, and insurance, aerospace and defense, healthcare, government and public sector, telecommunications and IT, retail, and others. Others segment is sub-segmented into manufacturing, education, media and entertainment.
Global Mobile Encryption Market Country Level Analysis
The mobile encryption market is analysed, and market size, volume information is provided by country, component, application, end user type, deployment type, and vertical as referenced above.
The countries covered in the mobile encryption market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the market and its market share will continue to expand during the forecast period owing to the increasing need for elevating security levels and rising adoption of improved and innovative technologies. Asia-Pacific, on the other hand will project the highest growth rate during the forecast period. Stringent regulations imposed coupled with rising number of data centres will create lucrative and remunerative market growth opportunities.
The country section of the mobile encryption market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs, and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Mobile Encryption Market Share Analysis
The mobile encryption market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to mobile encryption market.
The major players covered in the mobile encryption market report are IBM, Check Point Software Technologies Ltd., Hewlett Packard Enterprise Development LP, Huawei Technologies Co., Ltd., Intel Corporation, KoolSpan, MOBILEIRON, INC., Adeya SA., AlertBoot Data Security, Becrypt Limited, BlackBerry Limited., CLINICAL SOLUTIONS GROUP, INC., CERTES NETWORKS, INC, DATAMOTION, NVIDIA Corporation, ESET, spol. s r.o., SATTURN HOLEŠOV spol s r. o., Orpheo, EclecticIQ B.V. and SecurStar among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.