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Mobile encryption market worth US$ 3,011.87 million by 2023

Industrial Market Research

The Global Mobile Encryption Market is further estimated to grow at a CAGR of 27.89% from 2018 to 2023 to reach USD 3,011.87 Million.

GLOBAL MOBILE ENCRYPTION MARKET Make an Inquiry about this news was valued at USD 688.45 Million in the year 2017. North America region holds the highest market share in 2017 and Asia-Pacific market is considered as the fastest growing market in the forecasted period.

At a country level, developed markets like the U.S.

holds the notable market share in 2017 and it is projected to grow strongly in the coming years.


Dell Inc. (US), BlackBerry Limited (Canada), MobileIron Inc. (US),IBM Corporation (US), Sophos Ltd.

(UK), McAfee, Inc. (US) are some of the key players in the Mobile Encryption Market with IBM Corporation holding the substantial market share because of its better global presence both at production and at an operational level. Rising research and development expenses to cater changing demand of end users, similarly, growth strategies such as acquisition, merger, and expansion of the distribution network were few techniques adopted by most of Tier 1 and Tier 2 manufacturers in recent years.

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             Increase in cyber-attacks

             The Rise in the number of smartphone users


             Increased operational cost


             Rising Demand for Cloud-Based Mobile Encryption along with Integrated Solutions


             Security systems have to be updated regularly

Between Solutions, Support and Maintenance, Training and Education and Consulting falling under the component segment; because of the growing popularity and easy availability solution component is expected to be the highest market share during the forecast period.

On the other hand Cloud-based segment for this market is expected to grow at the highest CAGR during the year 2018-2023.

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Key Benefits for Stakeholders

Mobile encryption Manufacturers, Distributors, and Retailers

Research and Consulting organization

Technology Standards Organizations, Forums, Alliances and Associations

End-use industries

Regulatory bodies, policy actors, and consumers.

By Component


Support and Maintenance

Training and Education


By Deployment



By Industry

IT & Telecom



Media & Entertainment


Banking, Financial Services, and Insurance


By Region

North America




Key Market Players

Dell Inc. (US)

BlackBerry Limited (Canada)

MobileIron Inc. (US)

IBM Corporation (US)

Sophos Ltd. (UK)

McAfee, Inc. (US)

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News From

Genesis Market InsightsGenesis Market Insights
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