Mobile Encryption Market Trends and Growth By Key Players: BlackBerry, Dell Technologies, IBM Corporation, Intel Corporation, Symantec Corporation, T-Systems International GmbH, Huawei Technologies, Hewlett Packard Enterprise

Market Overview: -

Mobile Encryption Market has set a considerable growth owing to the growing need for stringent regulatory and compliance requirements, concern for privacy and data security issues, and proliferation of smart devices across enterprises. Growing implementation of cloud-based storage across enterprises to protect valuable electronic data, such as credit card numbers, personal contacts, and bank passwords, is increasing the demand for these solutions.

The increase in the adoption of BYOD and the growing usage of mobile technology in various sectors, such as healthcare, BFSI, defense, and IT, are further providing an impetus to the mobile encryption market. Moreover, the growing need for integrated and cloud security solutions is creating several opportunities for the market.

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Top Key Players: -

The players involved in mobile encryption market include BlackBerry Ltd., Dell Technologies, Inc., IBM Corporation, Intel Corporation (McAfee), Symantec Corporation, T-Systems International GmbH, Huawei Technologies Co., Ltd., Hewlett Packard Enterprise, Zix Corporation, MobileIron, Inc., Sophos Ltd., Alertboot Data Security, Certes Networks, Inc., CSG, Inc., ESET, and Silent Circle, LLC.

Market share calculation in this report is not done based on companies covered in it. The calculation of mobile encryption market share is done based on a regional approach and countries covered. On request, additional companies can be covered as well as regional data for particular country / countries can be provided.

Regional Segmentations: -

The North America mobile encryption market is anticipated to hold a high market share owing to the growing focus of BFSI companies toward the early implementation of innovative & advanced solutions in security technologies. Asia Pacific is expected witness a high growth rate owing to the growing implementation of BYOD and stringent compliance throughout various industry verticals, such as government, retail, BFSI, aerospace & defense, and telecom.

Countries, such as Australia, China, India, Japan, and Singapore, are steadily adopting mobile encryption solutions due to the increasing need to safeguard data & information against advanced cyber threats and growing implementation of cloud-based solutions, thereby driving the industry size.

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By application type, the mobile encryption market is segmented into disc, file & folder, cloud, and communication encryption. Cloud encryption is anticipated to grow at a high rate owing to the implementation of cloud services among enterprises throughout the world. The rise in the growing number of cyber-attacks is promoting the existing amplified data security & privacy concerns for enterprises, which have implemented cloud data storage services. This has stimulated the implementation of cloud applications to protect the crucial information from various security threats, such as security thefts and security violations, thereby propelling the mobile encryption market demand.

By application, the mobile encryption market is categorized into BFSI, healthcare, manufacturing, retail, media & entertainment, telecommunications & information technology, education, government & public sector, and defense & aerospace. The BFSI sector is anticipated to hold a high market share owing to the high implementation of such solutions and growing use of mobile technology in financial institutions.

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