Global Mobile Encryption Market
Report Highlights
The Global Mobile Encryption Market was valued at USD 591.1 million in 2016 and is projected to reach USD 6,720.5 million by 2025, growing at a CAGR of 31.01% from 2017 to 2025.
Mobile security has become increasingly important in mobile computing, having concerns for the security of personal and business information stored on smartphones. Encryption is a reversible process that scrambles data into cipher text, so anyone trying to read the data finds nothing. Mobile encryption increases the data security, keeps the data save even if one sells the phone or it is lost, secures the network connections on the backend, and implements authentication and authorizations.
Market Dynamics:
1. Market Drivers
1.1 Rising demand for cloud based mobile encryption solutions
1.2 Increasing demand for integrated solutions
1.3 Increasing usage of smartphones and tablets across enterprises
1.4 Rising concerns for data security and privacy of data
1.5 Strong compliance and regulations requirements
2. Market Restraints
2.1 Management of encryption keys
2.2 Lack of technical expertise
2.3 High operational cost
Market Segmentation:
The Global Mobile Encryption Market is segmented on the application, organization size, component, deployment model, vertical, and region.
1. By Application:
1.1 Cloud encryption
1.2 Disk encryption
1.3 Communication encryption
1.4 File encryption
2. By Organization Size:
2.1 Large Companies
2.2 Small and Medium Businesses
3. By Component:
3.1 Solution
3.2 Service
3.2.1 Managed Service
3.2.2 Professional Service
3.2.2.1 Training and education
3.2.2.2 Consulting services
3.2.2.3 Support and maintenance
4. By Deployment Model:
4.1 Cloud-based
4.2 On-premise
5. By Vertical:
5.1 Government
5.2 IT and Telecommunications
5.3 Banking, Financial Services, and Insurance (BFSI)
5.4 Retail
5.5 Healthcare
5.6 Aerospace and Defense
5.7 Others
6. By Region:
6.1 North America (U.S., Canada, Mexico)
6.2 Europe (Germany, UK, France, Rest of Europe)
6.3 Asia Pacific (China, India, Japan, Rest of Asia Pacific)
6.4 Latin America (Brazil, Argentina, Rest of Latin America)
6.5 Middle East & Africa
Competitive Landscape:
The major players in the market are as follows:
1. Communication Security Group
2. Mobileiron
3. Blackberry
4. Dell Inc
5. IBM Corporation
6. Sophos
7. McAfee
8. Alertboot
9. T-Systems
10. Certes Networks
11. Symantec Corporation
12. Eset
These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
RESEARCH METHODOLOGY OF VERIFIED MARKET INTELLIGENCE:
Research study on the Global Mobile Encryption Market was performed in five phases which include Secondary research, Primary research, subject matter expert advice, quality check and final review.
The market data was analyzed and forecasted using market statistical and coherent models. Also market shares and key trends were taken into consideration while making the report. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis.
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