4.3 LIFECYCLE ANALYSIS, BY REGION 32
4.4 MARKET INVESTMENT SCENARIO 33
4.5 MOBILE ENCRYPTION MARKET, BY VERTICAL 34
5 MARKET OVERVIEW AND INDUSTRY TRENDS 35
5.1 REGULATORY IMPLICATIONS 35
5.1.1 ADVANCED ENCRYPTION STANDARDS 35
5.1.2 PAYMENT CARD INDUSTRY DATA SECURITY STANDARD 35
5.1.3 HEALTH INSURANCE PORTABILITY AND ACCOUNTABILITY ACT/HITECH
COMPLIANCE 35
5.1.4 FEDERAL INFORMATION PROCESSING STANDARDS 36
5.2 INNOVATION SPOTLIGHT 36
5.3 MARKET DYNAMICS 37
5.3.1 DRIVERS 38
5.3.1.1 Proliferation of smartphones and tablets across enterprises 38
5.3.1.2 Need for stringent compliance and regulatory requirements 38
5.3.1.3 Increasing concern for data security issues and privacy of data 38
5.3.2 RESTRAINTS 39
5.3.2.1 Increased operational expenditure and budget constraints 39
5.3.2.2 Lack of awareness and skilled workforce 39
5.3.3 OPPORTUNITIES 39
5.3.3.1 Increasing demand for cloud-based mobile encryption solutions 39
5.3.3.2 Rising demand for integrated solutions 39
5.3.4 CHALLENGES 40
5.3.4.1 Encryption key management 40
6 MOBILE ENCRYPTION MARKET ANALYSIS, BY COMPONENT 41