The mobile encryption market has been segmented based on components (solutions and services), applications, end-user types, deployment types, verticals, and regions. A detailed analysis of the key industry players has been done to provide key insights into their business overview; products and services; key strategies; new product launches; partnerships, agreements, and collaborations; expansions; and competitive landscapes associated with the mobile encryption market. Learn details of the Players Analysis, Industry Technologies and Forecast to 2022
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The mobile encryption market size is expected to grow from USD 761.4 million in 2017 to USD 2,917.9 million by 2022, at a Compound Annual Growth Rate (CAGR) of 30.8%. The market is driven by factors such as increased concerns for data security and privacy issues, the proliferation of smartphones and tablets across enterprises, and the need for strict compliance and regulatory requirements.
However, increased operational expenditure and budget constraints are some of the major factors hindering the growth of the global mobile encryption market.
The cloud encryption segment among the mobile encryption applications is projected to grow at the highest rate during the forecast period, due to the increased adoption of cloud-based storage and applications across various business processes.
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However, risks associated with content protection and data compliance remain to be the prime impediments for cloud embracement across businesses. Thus, it encourages the adoption of cloud encryption to safeguard sensitive information from security breaches and thefts.
The Banking, Financial Services, and Insurance (BFSI) sector represents the highest adoption of mobile encryption out of all the industry verticals. The increasing usage of mobile technology has enhanced the adoption of encryption solutions and services in financial organizations.
Pressure from regulatory standards, such as Advanced Encryption Standard (AES) and Payment Card Industry Data Security Standard (PCI DSS) has led companies in this sector to deliver security solutions with encryption software. Mobile encryption technology helps banking and financial companies to cater to financial security, online fund transfer security, and data security by encrypting files, data, and emails.
Key Points From Table Of Content:
5 Market Overview and Industry Trends
5.1 Regulatory Implications
5.1.1 Advanced Encryption Standards
5.1.2 Payment Card Industry Data Security Standard
5.1.3 Health Insurance Portability and Accountability Act/Hitech Compliance
5.1.4 Federal Information Processing Standards
5.2 Innovation Spotlight
5.3 Market Dynamics
22.214.171.124 Proliferation of Smartphones and Tablets Across Enterprises
126.96.36.199 Need for Stringent Compliance and Regulatory Requirements
188.8.131.52 Increasing Concern for Data Security Issues and Privacy of Data
184.108.40.206 Increased Operational Expenditure and Budget Constraints
220.127.116.11 Lack of Awareness and Skilled Workforce
18.104.22.168 Increasing Demand for Cloud-Based Mobile Encryption Solutions
22.214.171.124 Rising Demand for Integrated Solutions
126.96.36.199 Encryption Key Management
13 Company Profiles
(Business Overview, Company Scorecard, Product Offering and Business Strategy, Recent Developments)*
13.2 Blackberry Limited
13.3 Dell Technologies, Inc.
13.4 International Business Machines Corporation
13.5 Intel Corporation (McAfee)
13.6 Mobileiron, Inc.
13.7 Sophos Ltd.
13.8 Symantec Corporation
13.9 Alertboot Data Security
13.10 Certes Networks, Inc.
13.11 CSG, Inc. (Cellcrypt and Seecrypt)
13.13 T-Systems International GmbH
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