Mobile Encryption Market Size, Share & Trends Estimation Report by Types(Disk Encryption,File/Folder Encryption,,Encryption),by Applications(BFSI,Healthcare & Retail,Government and Public Sector), By Region, And Segment Forecasts, 2023 - 2030
The Mobile Encryption Market is estimated to reach a valuation of USD 8.5 Billion by 2030, growing at 25% CAGR during the assessment period 2023-2030.
Mobile Encryption Market Overview
Mobile Encryption protects the information stored on your smartphone by preventing unauthorized users from accessing your smartphone. The number of Internet users and the adoption of smart devices have increased worldwide. As a result, the risk of data fraud has also increased. Therefore, business companies, organizations, and individuals need to protect confidential data on their devices. The above factors have led to a surge in the need for mobile encryption. This process refers to encoding data on a device (cell phone) using an encryption key. Smartphone encryption helps protect your data if your device is lost or stolen. The market is growing as the breadth of smartphone users around the world expands.
The Mobile Encryption has recently published by Contrive Datum Insights to its huge database which helps to shape the future of the businesses by making well-informed business decisions. It offers a comprehensive analysis of various business aspects such as global market trends, recent technological advancements, market size, shares, and new innovations. Furthermore, this analytical data has been compiled through data exploratory techniques such as primary and secondary research. Moreover, an expert team of researchers throws light on various static as well as dynamic aspects of the global Mobile Encryption market.
Some Of the key players study are the
Different leading key players have been profiled to get better insights into the businesses. It offers detailed elaboration on different top-level industries which are functioning in global regions. It includes informative data such as company overview, contact information, and some significant strategies followed by key players: McAfee(Intel Corporation), Blackberry, T-Systems International, ESET, Sophos, Symantec Corp, Check Point Software Technologies, Ltd., Dell, IBM, Mobileiron, BeiJing Zhiyou Wang'an Tech. Co. Ltd, CSG, Inc., Hewlett Packard Enterprise, Proofpoint, Inc., Silent Circle, Adeya SA., and others.
- In 2009, IBM introduced homomorphic encryption for mobile phones. A computational method that allows data to be processed without having to decipher it.
- In November 2020 Google launched end-to-end encryption for Android users. This end-to-end encryption makes it difficult for anyone, including law enforcement agencies, to read the contents of messages shared via mobile devices.
What are the major Applications, Types, and Regions for the Mobile Encryption Market?
- Deployment Type
- Disk Encryption
- File/Folder Encryption,
- Cloud Encryption
- Healthcare & Retail
- Government and Public Sector
- Telecommunications and IT,
Mobile Encryption Market Regional Insights:
The US is one of the largest Mobile Encryption markets globally. Demand for mobile encryption in the US and Canada will be driven by the IT and telecom sectors. Additionally, growing trends in mobile shopping, e-banking, and online retail are fueling mobile demand across North America, which in turn is fueling the growth of Mobile Encryption.
Additionally, the emphasis on US government regulation regarding data integrity and protection is presumably driving mobile encryption solutions in the US. Mobile encryption solution providers are focusing on R&D and product innovation to introduce innovative security solutions to expand their customer base.
Adoption of mobile communication technologies is expected to increase significantly among small and medium-sized enterprises (SMEs) across Europe. Additionally, the mobile encryption solutions available in the European market are integrated with AI and cloud computing technologies, enabling organizations to gain actionable insights so they can focus on reducing their BYOD risks.
Geographically, the global Mobile Encryption market has been analyzed in various regions such as North America, Europe, Asia-Pacific, Latin America, Middle East, and India. The global region is dominating this market in the upcoming future.
Mobile Encryption Market report scope:
|Units||Value (USD Billion)
|Growth Rate||CAGR of 6.04% from 2023 to 2030|
|By Companies||McAfee(Intel Corporation), Blackberry, T-Systems International, ESET, Sophos, Symantec Corp, Check Point Software Technologies, Ltd., Dell, IBM, Mobileiron, BeiJing Zhiyou Wang'an Tech. Co. Ltd, CSG, Inc., Hewlett Packard Enterprise, Proofpoint, Inc., Silent Circle, Adeya SA., and others.|
|Reasons to Purchase this Report||