Mobile Encryption Market by Component, Application, End-User Type, Deployment Type, Vertical, and Region – Global Forecast to 2022

Summary of The Report:

The report “Mobile Encryption Market by Component (Solution and Services), Application (Disk Encryption, File/Folder Encryption, Communication Encryption, and Cloud Encryption), End-User Type, Deployment Type, Vertical, and Region – Global Forecast to 2022”, The mobile encryption market size is expected to grow from USD 761.4 Million in 2017 to USD 2,917.9 Million by 2022, at a Compound Annual Growth Rate (CAGR) of 30.8%.

Objectives of the study:

  • To define, describe, and forecast the global mobile encryption market on the basis of components (solutions and services), applications, deployment types, end-user types, verticals, and regions
  • To provide detailed information regarding the major factors influencing the growth of the market (drivers, restraints, opportunities, and challenges)
  • To forecast the market size and growth rate of market segments with respect to the five main regions, namely, North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and Latin America
  • To analyze the opportunities in the market for stakeholders and provide company profiles of the key market players to comprehensively analyze the core competencies and draw a competitive landscape for the market
  • To track and analyze competitive developments, such as mergers and acquisitions, new product developments, and research and development activities in the market.

Research Methodology:

The research methodology used to estimate and forecast the mobile encryption market begins with the capturing of data on the revenues of the key vendors through secondary sources, such as annual reports, press releases, associations such as IEEE Cybersecurity Community, Information Security Research Association (ISRA), and Information Systems Security Association (ISSA), and databases such as Factiva, BusinessWeek, company websites, and news articles. The vendor offerings are also taken into consideration to determine the market segmentations. The bottom-up procedure is employed to arrive at the overall market size of the global mobile encryption market from the revenue of the key market players. After arriving at the overall market size, the total market is split into several segments and subsegments, which are then verified through primary research, by conducting extensive interviews with key individuals, such as Chief Executive Officers (CEOs), Vice Presidents (VPs), directors, and executives. The data triangulation and market breakdown procedures are employed to complete the overall market engineering process and arrive at the exact statistics for all segments.

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  • “Disk encryption application is expected to have the largest market share in 2017.”

Disk encryption is expected to have the largest market share and dominate the mobile encryption market from 2017 to 2022, due to growing demands for hardware-based encryptions that ensure data security at the source. With the increase in the BYOD trend, employees have the freedom to carry personal devices and exchange of critical data via personal devices is made possible. Adoption of strong encryptions can protect the confidential data, even if an employee’s device is lost or stolen.

  • “Telecom sector is expected to grow at the highest rate during the forecast period.”

Telecom and healthcare sectors are expected to grow at the highest CAGRs from 2017 to 2022, in the mobile encryption market, due to the increase in the amount of personal and health-related data being stored on cell phones, tablets, and the Internet. The majority of the telecom companies rely on communication encryption for securing the data in motion, such as calls and messages for their customers.

  • “North America is expected to contribute to the largest market share; Asia Pacific to grow the fastest during the forecast period.”

North America is expected to have the largest market share and dominate the mobile encryption market from 2017 to 2022, owing to the early adoption of new and emerging technologies and the presence of a large number of players in this region. APAC offers extensive growth avenues in the mobile encryption market, owing to a widespread presence of SMEs that are implementing enhanced mobile encryption solutions to prevent unauthorized access to critical business data and unethical use of confidential information.

The major vendors providing mobile encryption solutions are Adeya SA (Morges, Switzerland), AlertBoot Data Security (Las Vegas, US), Becrypt, Ltd. (London, UK), BlackBerry Ltd. (Ontario, Canada), CSG, Inc. (Washington, US), Certes Networks, Inc. (Pennsylvania, US), Check Point Software Technologies, Ltd. (Tel Aviv, Israel), DataMotion, Inc. (New Jersey, US), Dell Technologies, Inc. (Texas, US), ESET (Bratislava, Slovakia), Gold Line Group Ltd. (Israel), Hewlett Packard Enterprise (California, US), Huawei Technologies Co. Ltd. (Shenzhen, China), IBM Corporation (New York, US), Intel Corporation (California, US), KoolSpan, Inc. (Maryland, US), MobileIron, Inc. (California, US), Open Whisper Systems (California, US), Proofpoint, Inc. (California, US), SecurStar (Munich, Germany), Silent Circle, LLC (Le Grand-Saconnex, Switzerland), Sophos Ltd. (Abingdon, UK), Symantec Corporation (California, US), T-Systems International GmbH (Frankfurt, Germany), and  Zix Corporation (Texas, US).

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