Mobile Encryption Market - Overview
The global
Mobile Encryption Market is expected to exhibit a solid 27.75 % CAGR over the forecast period from 2018 to 2023 , according to the latest research report from Market Research Future ( MRFR ). The global mobile encryption market was valued at USD 705.2 million in 2017 and is expected to undergo robust growth over the forecast period to reach a valuation of more than USD 3 billion by 2023 , according to the report . The global mobile encryption market is studied in great detail in the latest report from Market Research Future ( MRFR ), which includes a detailed analysis of the market ’ s historical growth trajectory and present condition .
Major trends operating in the global mobile encryption market are examined in the report . Based on this information , accurate and reliable projections for the market ’ s likely growth trajectory over the forecast period till 2022 are presented in the report . Leading drivers and restraints operating on the global mobile encryption market are examined in the report .
The impact of these major drivers and restraints on the global mobile encryption market is examined in detail in the report . Thus , the major factors enabling the market ’ s growth are enlisted and profiled in the report . Leading players operating in the global mobile encryption market are also profiled in the research report . The competitive landscape of the global mobile encryption market is thus examined in detail in the report . The report also examines the impact of the COVID-19 pandemic on the global mobile encryption market .
Mobile encryption is a way of keeping mobile data secure by scrambling it between transmissions . A key is needed to decipher the data at the receiver ’ s end , making it useless without the key . The growing threat of data theft has been a major driver for the global mobile encryption market over the last few years . The increasing proliferation of consumer electronics such as smartphones and tablets is likely to remain a major driver for the global mobile encryption market over the forecast period . The increasing user base of smartphones and tablets has led to an increasing usage of the same for conducting online transactions of various kinds . This has made mobile devices a prime target for data thiefs and other online attackers . This has led to various mobile manufacturers investing heavily in mobile encryption technology in recent years . Apple Inc . has been a leader in this regard . Apple , in fact , has even based their recent ad campaign on the enhanced security offered in their mobile phones , making good use of their investment in mobile encryption . This is likely to remain a major driver for the global mobile encryption market over the forecast period .
Competitive Leaderboard :
Leading players in the global mobile encryption market include T-Systems International GmbH , DataMotion Inc ., Check Point Software Technologies Ltd ., Adeya SA , Communication Security Group , Alertboot Data Security , Mobileiron Inc ., Sophos Ltd ., Certes Networks Inc ., Symantec Corporation , Intel Corporation , Blackberry Ltd ., IBM , and Dell Technologies Inc .
Segmentation :
The global mobile encryption market is segmented on the basis of component , application , deployment , enterprise size , vertical , and region .