Market Definition: Global Mobile Encryption Market
Mobile Encryption is in the rising trend in today’s market because of its focus upon security aspect of personal as well as business information. Cyber-attacks, data breach, data loss are likely positively influence the mobile encryption market. Increased concerns about privacy & data security are the major factor in the growth of mobile encryption market. On the other hand lack of awareness about the technology may hinder the market. It has its wide application in banking, financial services, and insurance, aerospace and defense, healthcare, government and public sector, telecom, retail, and others.
Market Analysis: Global Mobile Encryption Market
The Global Mobile Encryption Market accounted for USD 643.67 billion in 2016 growing at a CAGR of 32.1% during the forecast period of 2017 to 2024. The upcoming market report contains data for historic year 2014, 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.
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Major Market Competitors: Global Mobile Encryption Market
Some of the major players of the global mobile encryption market are
- Adeya SA
- AlertBoot Data Security
- Becrypt, Ltd.
- BlackBerry Ltd.
- CSG Inc.
- Certes Networks Inc
- Check Point Software Technologies Ltd.
- DataMotion, Inc.
- Dell Technologies Inc.
- Gold Line Group Ltd.
- Hewlett Packard Enterprise
- Huawei Technologies Co. Ltd.
- IBM Corporation
- Intel Corporation
- KoolSpan Inc.
- MobileIron Inc.
- Open Whisper Systems
- Proofpoint Inc.
- Silent Circle
- Sophos Ltd.
- Symantec Corporation
- T-Systems International GmbH
- Zix Corporation and others.
Market Segmentation: Global Mobile Encryption Market
The global mobile encryption market is segmented on the basis of component into solutions and, services. The services segment is further sub segmented into professional services and managed service. The Professional Services segment is further sub segmented into Support and maintenance, training and education, and consulting.
- On the basis of application, the global mobile encryption market is segmented into disk encryption, file/folder encryption, communication encryption, and cloud encryption.
- On the basis of end-user type, the global mobile encryption market is segmented into large enterprises, and small & medium-sized enterprises (SMEs).
- On the basis of deployment model, the global mobile encryption market is segmented into on-premises, and cloud.
- On the basis of vertical, the global mobile encryption market into banking, financial services, and insurance, aerospace and defense, healthcare, government and public sector, telecom, retail and others.
- On the basis of geography, the global mobile encryption market report covers data points for 28 countries across multiple geographies such as North America, South America, Europe, Asia-Pacific, and Middle East & Africa. Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa, and Brazil among others. In 2017, North America is expected to dominate the market.
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Company Share Analysis: Global Mobile Encryption Market
The report for global mobile encryption market include detailed vendor level analysis for market shares in 2016 for Global, North America, Europe, Asia Pacific, Middle East and Africa and South America specifically. Also impact and development analysis of key vendors is registered in the market and factored on the basis of Vendor Positioning Grid Analysis which measures the vendors strengths and opportunities against present market challenges, measure providers ability to identify or satisfy present market needs, map providers market vision to current and upcoming market dynamics among others. The report also measures technology life line curve and market time line to analyze and do more affective investments.
Major Market Drivers & Restraints:
- Need for Stringent Compliance and Regulatory Requirements
- Increasing Concern for Data Security Issues and Privacy of Data
- Proliferation of Smartphones and Tablets Across Enterprises
- Lack of Awareness and Skilled Workforce
- Increased Operational Expenditure and Budget Constraints
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