Mobile Encryption Market to 2023: Trends and Growth, Segmentation and Key Companies

The process of scrambling or cyphering useful data in the mobile devices to restrict the unauthorized access is mobile encryption. The encryption is performed on the data present in the device as well as the data which is travelling through the device to various medium such as 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 the mobile encryption services and applications. The mobile encryption provides 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 of 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 operation expenditure for the mobile encryption is primary limitation for the market. In addition, 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 most challenging task in front of the vendors operating in the market.

The market for the mobile encryption is in its growth stage and is expected to witness considerable growth in near future. Various large-scale enterprises acquire small companies to increase their technological advancement and 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 application with end-to-end encryption without a client app.

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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 disk, file or folder, communication, and cloud encryption. Based on 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.

Comprehensive analysis and profiles of the major market players such as

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

Mobile Encryption Market Key Segmentation:

By Platform

•Solutions
•Service
•Support and Maintenance
•Training and Education
•Consulting

By Application

•Disk Encryption
•File/folder Encryption
•Communication Encryption
•Cloud Encryption

By development type

•On-Premises
•Cloud

By Enterprise Size

•Small and Medium Scale
•Large Scale

By Industry verticals

•Banking, Financial Services, and Insurance
•Aerospace & Defense
•Healthcare
•Public Sector
•IT & Telecom
•Retail
•Other

By Region

•North America
•U.S.
•Canada
•Mexico

•Europe
•UK
•Germany
•France
•Russia
•Rest of Europe

•Asia-Pacific
•Australia
•China
•India
•Japan
•Rest of Asia-Pacific

•LAMEA
•Latin America
•Middle East
•Africa

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