Ultra-secure smartphone market is segmented based on operating system, end user, and geography. Operating systems covered in this study include android and iOS.
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Ultra-secure Smartphone Market was valued at $818 million in 2016, and is projected to reach $3,191 million by 2023, growing at a CAGR of 21.6% from 2017 to 2023. Ultra-secure smartphones are more secure than regular smartphones as they encrypt all communication, and block unauthorized tracking systems.
With these features, the privacy issue associated with android smartphones is resolved. Rise in customers’ inclination toward ultra-secure smartphones fuels the adoption of ultra-secure smartphones.
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Further, increase in security threats and ongoing technological advancements provide the marketers immense scope to target their customers and enhance the user experience.
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Public’s lifestyle pattern has shifted towards speed and accessibility. Everyone uses mobile applications to satisfy basic needs, such as booking tickets for movies or travel.
Mobile applications are most often used as search engines for specific requirements. Increase in usage of mobile applications for routine needs gives rise to privacy-related risks.
Ultra-secure smartphones are designed in such a way as to prevent data leakage from smartphones. As the security has become a criterion of utmost importance in a customer’s selection of smartphones, customers’ inclination towards ultra-secure smartphones has supplemented ultra-secure smartphone market growth.
Government agencies is expected to grow at a significant pace during the forecast period. The android segment led the market in 2016, and is expected to continue to this trend in the near future.
Furthermore, the North American region is expected to dominate overall market during the forecast period, as it adopts ultra-secure smartphones on a larger scale.
The global ultra-secure smartphones market is driven by 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. However, requirement of cooperating handsets and its high price are expected to impede the market growth.
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