Mobile Encryption Market Statistics and Analysis of Key Growth Factors by 2023 | Prominent Players Profiled Blackberry Limited, Dell Technologies Inc.,IBM, Intel Corporation, Mobileiron Inc., Sophos Ltd., Symantec Corporation, Alertboot Data Security, Cer

The process of scrambling or cyphering useful data in mobile devices to restrict unauthorized access is mobile encryption. The encryption is performed on the data present in the device as well as the data which is traveling through the device to the various medium such as the Internet.

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Dependability on the mobile device, its theft, and the storage of sensitive information on these devices creates a vast demand for mobile encryption services and applications. The mobile encryption provides the high level of security for the data present on the devices along with features, such as remote GPS tracking. It provides data privacy, security, and protection across various devices such as smartphones, tablets, and laptops. However, the use of mobile encryption leads to performance issue of the mobile devices and it cannot be reversed. Advance encryption standards, payment card industry encryption standards, and federal information processing standards are some of the prevailing trends in the mobile encryption market.

Rapid growth in the usage of mobile devices in organizations fuels the growth of the market along with the need for strict compliance and regulatory encryption standards. The increase in the concern for the sensitive and important data across the various mobile devices also impact the market growth. The operating expenditure for mobile encryption is a primary limitation for the market.

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Lack of skilled workforce and awareness also poses the threat to the market. The rise in demand for integrated encryption solutions and vast demand for the cloud-based mobile encryption solution create ample opportunities for the market. The management of the encryption key, which is required to decipher or decrypt the data is the most challenging task in front of the vendors operating in the market.

The market for mobile encryption is in its growth stage and is expected to witness considerable growth in the near future. Various large-scale enterprises acquire small companies to increase their technological advancement and a skilled workforce. Cisco System Inc. acquired AppDynamics Inc. in March 2017. MGT Capital Investments recently acquired 46% of the total share of Demonsaw LLC. that develops a secure, anonymous, and free information sharing an application with end-to-end encryption without a client app.

The market for mobile encryption is segmented based on platform, application, deployment model, enterprise size, market verticals, and geography. In terms of platform, it is bifurcated into service and solution. Based on application, it is classified into the disk, file or folder, communication, and cloud encryption. Based on the deployment model, it is divided into on-premises and cloud. Based on enterprise size, it is categorized into large and small & medium. As per industry vertical, it is segmented into banking, financial, and insurance; aerospace & defense, healthcare, public sector, IT & telecom, retail, and others. By geography, the market is studied across North America, Europe, Asia-Pacific, and LAMEA.

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Comprehensive analysis and profiles of the major market players such as

•Blackberry Limited
•Dell Technologies Inc.
•IBM
•Intel Corporation
•Mobileiron Inc.
•Sophos Ltd.
•Symantec Corporation
•Alertboot Data Security
•Certes Networks Inc.
•CSG Inc.

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