Allied Market Research

Mobile Encryption Market by Platform and Application, 2023


Portland, OR -- (SBWIRE) -- 09/28/2017 -- Dependability on the mobile device, its theft, and the storage of sensitive information on these devices creates a vast demand for the mobile encryption services and applications. The mobile encryption provides high level of security for the data present on the devices along with features, such as remote GPS tracking. It provides data privacy, security, and protection across various devices such as smartphones, tablets, and laptops. However, the use of mobile encryption leads to performance issue of the mobile devices and it cannot be reversed. Advance encryption standards, payment card industry encryption standards, and federal information processing standards are some of the prevailing trends in the mobile encryption market.

The process of scrambling or cyphering useful data in the mobile devices to restrict the unauthorized access is mobile encryption. The encryption is performed on the data present in the device as well as the data which is travelling through the device to various medium such as Internet.

Rapid growth in the usage of mobile devices in organizations fuels the growth of the market along with the need of strict compliance and regulatory encryption standards. The increase in the concern for the sensitive and important data across the various mobile devices also impact the market growth. The operation expenditure for the mobile encryption is primary limitation for the market. In addition, lack of skilled workforce and awareness also poses the threat to the market. The rise in demand for integrated encryption solutions and vast demand for the cloud-based mobile encryption solution create ample opportunities for the market. The management of the encryption key, which is required to decipher or decrypt the data is most challenging task in front of the vendors operating in the market.

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The market for the mobile encryption is in its growth stage and is expected to witness considerable growth in near future. Various large-scale enterprises acquire small companies to increase their technological advancement and skilled workforce. Cisco System Inc. acquired AppDynamics Inc. in March 2017. MGT Capital Investments recently acquired 46% of the total share of Demonsaw LLC. that develops a secure, anonymous, and free information sharing application with end-to-end encryption without a client app.

The market for mobile encryption is segmented based on platform, application, deployment model, enterprise size, market verticals, and geography. In terms of platform, it is bifurcated into service and solution. Based on application, it is classified into disk, file or folder, communication, and cloud encryption. Based on deployment model, it is divided into on-premises and cloud. Based on enterprise size, it is categorized into large and small & medium. As per industry vertical, it is segmented into banking, financial, and insurance; aerospace & defense, healthcare, public sector, IT & telecom, retail, and others. By geography, the market is studied across North America, Europe, Asia-Pacific, and LAMEA.

Comprehensive analysis and profiles of the major market players such as Blackberry Limited, Dell Technologies, Inc., International Business Machines Corporation, Intel Corporation, Mobileiron, Inc., Sophos Ltd., Symantec Corporation, Alertboot Data Security, Certes Networks, Inc., and CSG, Inc., is also provided in this report.

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Key Benefits:

-This report is an extensive analysis of current and potential market trends in the dynamic global market of mobile encryption.

-The report contains in depth quantitative analysis of current and future market estimations through 20162023, which helps recognize the appealing market opportunities.

-Extensive analysis of the market helps understand the current practices for the better investment decisions.

-Key market players within the mobile encryption market are profiled in this report and their strategies are analyzed thoroughly, which helps understand competitive outlook of the market.

-Extensive analysis of the lecture capture solution market is conducted by monitoring the top competitors within the market framework.

-Comprehensive analysis of factors that drive and restrict the growth of the global mobile encryption market is provided.