Ultra-Secure Smartphone Market is supported by a CAGR of 22.3% during the forecast period

According to a recent report published by Allied Market Research, titled, Ultra-Secure Smartphone Market by Operating System and End User: Global Opportunity Analysis and Industry Forecast, 2018-2025,

The global ultra-secure smartphone market was valued at $818 million in 2016, and is projected to reach $4,934 million by 2025, growing at a CAGR of 22.3% from 2018 to 2025. In 2016, the android segment accounted for the highest revenue share in the ultra-secure smartphone market.

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Rise in customers inclination toward ultra-secure smartphones, its ability to provide better security and reliable transmission of data, and growth in adoption of ultra-secure smartphones for military and commercial applications drive the global ultra-secure smartphone market growth. However, requirement of cooperating handsets and its high price hampers this growth to a certain extent.

Android segment is expected to grow at a highest CAGR of 23.10% due to increase in the integrity of the android operating system along with its ability to run on all mobile devices.

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Competitive Analysis:
The competitive environment of Ultra-Secure Smartphone Industry is further examined in the report. It includes details about the key players in the market's strengths, product portfolio, Ultra-Secure Smartphone Market share and size analysis, operational results, and market positioning. It comprises the actions taken by the players to grow and expand their presence through agreements and entering new business sectors. Mergers and acquisitions, joint ventures, and product launches are some of the other techniques used by players.

Key Players:
ESD Crytophone
BlackBerry Limited
DarkMatter, Inc.
Sirin Labs
Turing Robotic Industries
Boeing
Silent Circle, LLC
Atos SE and Many More

Region wise, North America accounted for the highest revenue in 2016. Further, Europe is anticipated to witness the fastest growth rate during the forecast period.

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Android segment dominated the global ultra-secure smartphone market in 2016, and is expected to remain dominant during the forecast period, owing to the rapid adoption of android in many ultra-secure smartphones. Furthermore, it is expected to grow at the highest CAGR of 23.10% during the forecast period.

The global ultra-secure smartphone market was dominated by the government agencies segment in 2016, and it is projected to maintain its dominance during the forecast period. However, the enterprise segment is also expected to witness the highest growth rate, owing to adoption of BYOD trend in many large enterprises.

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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports Insights" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

This release was published on openPR.