Mobile Encryption Market 2018-2024 | Key Players are BlackBerry, Dell, IBM, Intel Corporation, Symantec, T-Systems International GmbH, Huawei Technologies, Hewlett Packard Enterprise, Zix, MobileIron, Sophos, AlertBoot, Certes Networks, CSG, ESET, Silent

The mobile encryption market can be segmented based on deployment type into on-premises and cloud-based models. The cloud-based deployment model is anticipated to have a majority share owing to the growing flexibility, low cost of purchasing & servicing of cloud based models such as Software-as-a-service (SaaS) and Platform-as-a-Service (PaaS), and growing adoption of the cloud models among several companies globally.

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.

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Mobile Encryption Market size has witnessed 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.

Growing government pressure to adopt strict regulations for the implementation of effective data security to monitor sensitive data transmission amongst the mobile devices and enterprises is influencing the industry growth. Stringent regulations, such as Advanced Encryption Standard (AES), federal information processing standards, and Payment Card Industry Data Security Standard (PCI DSS) have been authorized for data security solutions across BFSI and healthcare segments. Speedy digitalization and the growing usage of internet across these verticals are expected to generate added scope for the development of mobile encryption market over the forecast timeline.

Top Key Players in Mobile Encryption Market:

1. BlackBerry
2. Dell
3. IBM
4. Intel Corporation
5. Symantec
6. T-Systems International GmbH
7. Huawei Technologies
8. Hewlett Packard Enterprise
9. Zix
10. MobileIron
11. Sophos
12. AlertBoot
13. Certes Networks
14. CSG
15. ESET
16. Silent Circle

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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.

The players involved in mobile encryption market include BlackBerry, Dell, IBM, Intel Corporation, Symantec, T-Systems International GmbH, Huawei Technologies, Hewlett Packard Enterprise, Zix, MobileIron, Sophos, AlertBoot, Certes Networks, CSG, ESET, and Silent Circle.

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