The rise in popularity of bring-your-own-device (BYOD) culture across the commercial world has encouraged employees to be more associated and productive. However, these technologies have brought reflective variations across business information systems which in turn resulting in a new foundation of complex risks. Therefore, by using encryption solutions organizations can safeguard their business-critical data.
Adroit Market Research study on the global market for mobile encryption offers a holistic view of the industry from 2020 to 2028 as a forecast period, including factors such as market drivers, limitations, opportunities, threats, and regulatory overview. The market has been analyzed from 2018 to 2028, with a base year estimate of 2019 and a projection from 2020 to 2028. The report covers the current status and potential characteristics of the market at both the global and the country level. Moreover, the report also assesses market competition with Porter's analysis of five strengths and places leading players on the basis of their product range, regional presence, strategic initiatives, and overall sales. Prominent players in the global mobile encryption market have been analyzed in depth.
The cloud encryption segment is anticipated to hold a major market share in 2019. Major growth factors are the increase in adoption of cloud-based applications and infrastructure among numerous business processes. On the contrary, the file/folder encryption segment is likely to gather significant market growth during the forecast period.
Businesses are using developing technologies and solutions to gain more efficiency into the multifaceted business data. Smartphones compile and gather an increasing amount of profound information to which access must be controlled to defend the privacy of the intellectual property of the company as well as the user. These mobile devices are, are becoming prominent targets of attackers. The attacks can be exploited in a number of ways such as multimedia messaging service, Wi-Fi, Bluetooth, short message service, and GSM. Moreover, there can be activities that target software susceptibilities in the operating system or browser. Hence, such factors facilitate the demand for mobile encryption solutions.
The key players of the global mobile encryption market report include BlackBerry, Check Point Software Technologies, DataMotion, Dell Technologies, Hewlett Packard Enterprise, Huawei Technologies, IBM, Intel, Sophos, and Symantec.
Key Segments of the Global Mobile Encryption Market
Component Overview, 2018-2028 (USD Million)
Application Overview, 2018-2028 (USD Million)
- Disk Encryption
- Communication Encryption
- File/folder Encryption
- Cloud Encryption
Industry Vertical Overview 2018-2028 (USD Million)
- Aerospace and Defense
- IT & Telecom
Regional Overview, 2018-2028 (USD Million)
- Rest of Europe
- Rest of Asia-Pacific
Middle East and Africa
- South Africa
- Rest of Middle East and Africa
- Rest of South America