Mobile Encryption Market, by Component (Solution, Services), by Application (Disk Encryption, File/Folder Encryption, Cloud Encryption), by Deployment Type (On-premises, Cloud), by Enterprise Size (SMEs, Large Enterprises), by Vertical (BFSI, Aerospace and Defense, Telecom, Others) — Global Forecast till 2027
ID: MRFR/ICT/5661-HCR | February 2021 | Region: Global | 100 pages
Mobile Encryption Market Synopsis
The Mobile Encryption Market was valued at USD 705.2 million in 2017 and is exected to reach USD 3,013.3 million by the end of forecast period with a CAGR of 27.75%.
The rising number of data frauds and increasing data security risks is creating demand for mobile encryption market. Mobile encryption protects data stored in mobile devices thus making the data unusable in the wrong hands. Compliance requirements across organizations make it necessary to encrypt data in order to avoid penalties for data breaches. One of the most important factors for increasing demand for mobile encryption is the proliferation of mobile devices such as smartphones and tablets. Furthermore, the increasing internet penetration is also making smartphones prime target for data frauds. Also, public and private organizations have laid some stringent regulations regarding data protection which is further creating the need for mobile encryption. The mobile encryption has immense opportunities due to rising trend of cloud-based mobile encryption solutions. Increasing application of unrecoverable encryption, particularly full disk encryption (FDE), is rapidly growing in the mobile encryption market. Among major smartphone operating system provider, Apple iOS is the largest provider of mobile FDE across the globe. However, factors such as lack of awareness, budget constraints and encryption key management might hamper the growth of the market.
Among the component segments, solution segment is the largest revenue generating segment and is expected to continue its dominance throughout the forecast period while services segment is expected to have the highest growth rate during the forecast period. The rapid updation of mobile devices need upgraded security in order to prevent malware attacks and cyber-crimes. This leads to organizations outsourcing network security from managed security service providers. Among the application segments, cloud encryption is expected to grow at the highest rate during the forecast period owing to the rapid adoption of cloud across the globe.
Mobile Encryption Market Segmentation
By component, the mobile encryption market is segmented into solution and services. The services segment is further bifurcated into managed services and professional services. By application, the mobile encryption market is segmented into disk encryption, communication encryption, file/folder encryption, and cloud encryption. By deployment type, the market is segmented into on-premises and cloud. By enterprise size, the market is bifurcated into SMEs and large enterprises. By vertical, mobile encryption market is segmented into BFSI, aerospace and defense, healthcare, telecom, retail, government and public sector and others.
Mobile Encryption Market Regional analysis
The mobile encryption market is estimated to grow at a significant rate during the forecast period from 2018 to 2023. The geographical analysis of mobile encryption market is studied for North America, Europe, Asia-Pacific, and the rest of the world (including the Middle East, Africa, and Latin America). Among the regions mentioned, North America is expected to dominate the mobile encryption market. A number of factors including large number of smartphone adoption, increasing internet penetration, advanced IT infrastructure is creating demand for mobile encryption the North America region. Also, as US and Canada are developed economies so they primarily focus on adopting new and innovative solutions in security segment, thus leading to increased demand for mobile encryption. North America is followed by Europe in terms of revenue contribution and Asia-Pacific is expected to grow at the highest CAGR during the forecast period of 2018 to 2023.
The global mobile encryption market was valued at USD 705.2 million in 2017 and is expected to reach USD 3,013.3 million by the end of the forecast period with a CAGR of 27.75%.
Key players
The key players in the mobile encryption market are identified across all the major regions based on their country of origin, presence across different regions, recent key developments, product diversification, and industry expertise. Some of them are – Dell Technologies, Inc. (US), IBM (US), Blackberry Limited (Canada), Intel Corporation (US), Symantec Corporation (US), Certes Networks, Inc. (US), Sophos Ltd. (UK), Mobileiron, Inc. (US), Alertboot Data Security (US), and Communication Security Group (US). These players contribute a major share in the growth of Mobile encryption market.
Apart from the top key players, there are other players that contribute to the market growth. These include Adeya SA (Switzerland), Check Point Software Technologies, Ltd. (Israel), DataMotion, Inc. (US) and T-Systems International GmbH (Germany), and others.
Intended Audience
- Network solution providers
- Encryption solution vendors
- Mobile encryption solution providers
- Mobile security vendors
- Independent software vendors
- Value-Added Resellers (VARs)
- Information Technology (IT) security agencies
- Managed Security Service Providers (MSSPs)
- System integrators
- Consulting companies
- Government agencies
- Research organizations
Frequently Asked Questions (FAQ) :
The global mobile encryption market is expected to record a substantial market valuation of 3.01 billion by 2023.
The global mobile encryption market is projected to register a moderate 27.75% CAGR in the forecast period.
The on-cloud segment is slated to develop as the fastest-growing segment.
The BFSI segment is slated to expand as the fastest-growing segment.
A few major market players operating in the global mobile encryption market Blackberry Limited (Canada), Dell Technologies, Inc. (US), IBM (US), Intel Corporation (US), Symantec Corporation (US), among others.
TABLE OF CONTENTS
1 Executive Summary
2 Scope Of The Report
2.1 Market Definition
2.2 Scope Of The Study
2.3 Research Objectives
2.4 Markets Structure
3 Market Research Methodology
3.1 Research Process
3.2 Secondary Research
3.3 Primary Research
3.4 Forecast Model
4 Market Landscape
4.1 Porter’s Five Forces Analysis
4.1.1 Threat Of New Entrants
4.1.2 Bargaining Power Of Buyers
4.1.3 Threat Of Substitutes
4.1.4 Segment Rivalry
4.1.5 Bargaining Power Of Suppliers
4.2 Value Chain/Supply Chain Of Mobile Encryption
5 Market Landscape
5.1 Introduction
5.2 Growth Drivers
5.3 Impact Analysis
5.4 Market Challenges
6 Market Trends
6.1 Introduction
6.2 Growth Trends
6.3 Impact Analysis
7 Mobile Encryption Market By Component
7.1 Introduction
7.2 Solution
7.2.1 Market Estimates & Forecast, 2020–2027
7.2.2 Market Estimates & Forecast By Region, 2020–2027
7.3 Services
7.3.1 Market Estimates & Forecast, 2020–2027
7.3.2 Market Estimates & Forecast By Region, 2020–2027
7.3.3 Professional Services
7.3.3.1 Market Estimates & Forecast, 2020–2027
7.3.3.2 Market Estimates & Forecast By Region, 2020–2027
7.3.4 Managed Services
7.3.4.1 Market Estimates & Forecast, 2020–2027
7.3.4.2 Market Estimates & Forecast By Region, 2020–2027
8 Mobile Encryption Market By Application
8.1 Introduction
8.2 Disk Encryption
8.2.1 Market Estimates & Forecast, 2020–2027
8.2.2 Market Estimates & Forecast By Region, 2020–2027
8.3 Communication Encryption
8.3.1 Market Estimates & Forecast, 2020–2027
8.3.2 Market Estimates & Forecast By Region, 2020–2027
8.4 File/Folder Encryption
8.4.1 Market Estimates & Forecast, 2020–2027
8.4.2 Market Estimates & Forecast By Region, 2020–2027
8.5 Cloud Encryption
8.5.1 Market Estimates & Forecast, 2020–2027
8.5.2 Market Estimates & Forecast By Region, 2020–2027
9 Mobile Encryption Market By Deployment Type
9.1 Introduction
9.2 On-Premises
9.2.1 Market Estimates & Forecast, 2020–2027
9.2.2 Market Estimates & Forecast By Region, 2020–2027
9.3 Cloud
9.3.1 Market Estimates & Forecast, 2020–2027
9.3.2 Market Estimates & Forecast By Region, 2020–2027
10 Mobile Encryption Market By Enterprise Size
10.1 Introduction
10.2 SMEs
10.2.1 Market Estimates & Forecast, 2020–2027
10.2.2 Market Estimates & Forecast By Region, 2020–2027
10.3 Large Enterprises
10.3.1 Market Estimates & Forecast, 2020–2027
10.3.2 Market Estimates & Forecast By Region, 2020–2027
11 Mobile Encryption Market By Vertical
11.1 Introduction
11.2 BFSI
11.2.1 Market Estimates & Forecast, 2020–2027
11.2.2 Market Estimates & Forecast By Region, 2020–2027
11.3 Aerospace And Defense
11.3.1 Market Estimates & Forecast, 2020–2027
11.3.2 Market Estimates & Forecast By Region, 2020–2027
11.4 Healthcare
11.4.1 Market Estimates & Forecast, 2020–2027
11.4.2 Market Estimates & Forecast By Region, 2020–2027
11.5 Telecom
11.5.1 Market Estimates & Forecast, 2020–2027
11.5.2 Market Estimates & Forecast By Region, 2020–2027
11.6 Retail
11.6.1 Market Estimates & Forecast, 2020–2027
11.6.2 Market Estimates & Forecast By Region, 2020–2027
11.7 Government And Public Sector
11.7.1 Market Estimates & Forecast, 2020–2027
11.7.2 Market Estimates & Forecast By Region, 2020–2027
11.8 Others
11.8.1 Market Estimates & Forecast, 2020–2027
11.8.2 Market Estimates & Forecast By Region, 2020–2027
12 Mobile Encryption Market By Region
12.1 Introduction
12.2 North America
12.2.1 Market Estimates & Forecast By Country, 2020–2027
12.2.2 Market Estimates & Forecast By Component, 2020–2027
12.2.3 Market Estimates & Forecast By Application, 2020–2027
12.2.4 Market Estimates & Forecast By Deployment Type, 2020–2027
12.2.5 Market Estimates & Forecast By Enterprise Size, 2020–2027
12.2.6 Market Estimates & Forecast By Vertical, 2020–2027
12.2.7 US
12.2.7.1 Market Estimates & Forecast By Component, 2020–2027
12.2.7.2 Market Estimates & Forecast By Application, 2020–2027
12.2.7.3 Market Estimates & Forecast By Deployment Type, 2020–2027
12.2.7.4 Market Estimates & Forecast By Enterprise Size, 2020–2027
12.2.7.5 Market Estimates & Forecast By Vertical, 2020–2027
12.2.8 Canada
12.2.8.1 Market Estimates & Forecast By Component, 2020–2027
12.2.8.2 Market Estimates & Forecast By Application, 2020–2027
12.2.8.3 Market Estimates & Forecast By Deployment Type, 2020–2027
12.2.8.4 Market Estimates & Forecast By Enterprise Size, 2020–2027
12.2.8.5 Market Estimates & Forecast By Vertical, 2020–2027
12.2.9 Mexico
12.2.9.1 Market Estimates & Forecast By Component, 2020–2027
12.2.9.2 Market Estimates & Forecast By Application, 2020–2027
12.2.9.3 Market Estimates & Forecast By Deployment Type, 2020–2027
12.2.9.4 Market Estimates & Forecast By Enterprise Size, 2020–2027
12.2.9.5 Market Estimates & Forecast By Vertical, 2020–2027
12.3 Europe
12.3.1 Market Estimates & Forecast By Country, 2020–2027
12.3.2 Market Estimates & Forecast By Component, 2020–2027
12.3.3 Market Estimates & Forecast By Application, 2020–2027
12.3.4 Market Estimates & Forecast By Deployment Type, 2020–2027
12.3.5 Market Estimates & Forecast By Enterprise Size, 2020–2027
12.3.6 Market Estimates & Forecast By Vertical, 2020–2027
12.3.7 Germany
12.3.7.1 Market Estimates & Forecast By Component, 2020–2027
12.3.7.2 Market Estimates & Forecast By Application, 2020–2027
12.3.7.3 Market Estimates & Forecast By Deployment Type, 2020–2027
12.3.7.4 Market Estimates & Forecast By Enterprise Size, 2020–2027
12.3.7.5 Market Estimates & Forecast By Vertical, 2020–2027
12.3.8 UK
12.3.8.1 Market Estimates & Forecast By Component, 2020–2027
12.3.8.2 Market Estimates & Forecast By Application, 2020–2027
12.3.8.3 Market Estimates & Forecast By Deployment Type, 2020–2027
12.3.8.4 Market Estimates & Forecast By Enterprise Size, 2020–2027
12.3.8.5 Market Estimates & Forecast By Vertical, 2020–2027
12.3.9 France
12.3.9.1 Market Estimates & Forecast By Component, 2020–2027
12.3.9.2 Market Estimates & Forecast By Application, 2020–2027
12.3.9.3 Market Estimates & Forecast By Deployment Type, 2020–2027
12.3.9.4 Market Estimates & Forecast By Enterprise Size, 2020–2027
12.3.9.5 Market Estimates & Forecast By Vertical, 2020–2027
12.3.10 Rest Of Europe
12.3.10.1 Market Estimates & Forecast By Component, 2020–2027
12.3.10.2 Market Estimates & Forecast By Application, 2020–2027
12.3.10.3 Market Estimates & Forecast By Deployment Type, 2020–2027
12.3.10.4 Market Estimates & Forecast By Enterprise Size, 2020–2027
12.3.10.5 Market Estimates & Forecast By Vertical, 2020–2027
12.4 Asia-Pacific
12.4.1 Market Estimates & Forecast By Country, 2020–2027
12.4.2 Market Estimates & Forecast By Component, 2020–2027
12.4.3 Market Estimates & Forecast By Application, 2020–2027
12.4.4 Market Estimates & Forecast By Deployment Type, 2020–2027
12.4.5 Market Estimates & Forecast By Enterprise Size, 2020–2027
12.4.6 Market Estimates & Forecast By Vertical, 2020–2027
12.4.7 China
12.4.7.1 Market Estimates & Forecast By Component, 2020–2027
12.4.7.2 Market Estimates & Forecast By Application, 2020–2027
12.4.7.3 Market Estimates & Forecast By Deployment Type, 2020–2027
12.4.7.4 Market Estimates & Forecast By Enterprise Size, 2020–2027
12.4.7.5 Market Estimates & Forecast By Vertical, 2020–2027
12.4.8 India
12.4.8.1 Market Estimates & Forecast By Component, 2020–2027
12.4.8.2 Market Estimates & Forecast By Application, 2020–2027
12.4.8.3 Market Estimates & Forecast By Deployment Type, 2020–2027
12.4.8.4 Market Estimates & Forecast By Enterprise Size, 2020–2027
12.4.8.5 Market Estimates & Forecast By Vertical, 2020–2027
12.4.9 Japan
12.4.9.1 Market Estimates & Forecast By Component, 2020–2027
12.4.9.2 Market Estimates & Forecast By Application, 2020–2027
12.4.9.3 Market Estimates & Forecast By Deployment Type, 2020–2027
12.4.9.4 Market Estimates & Forecast By Enterprise Size, 2020–2027
12.4.9.5 Market Estimates & Forecast By Vertical, 2020–2027
12.4.10 Rest Of Asia-Pacific
12.4.10.1 Market Estimates & Forecast By Component, 2020–2027
12.4.10.2 Market Estimates & Forecast By Application, 2020–2027
12.4.10.3 Market Estimates & Forecast By Deployment Type, 2020–2027
12.4.10.4 Market Estimates & Forecast By Enterprise Size, 2020–2027
12.4.10.5 Market Estimates & Forecast By Vertical, 2020–2027
12.5 Rest Of The World
12.5.1 Market Estimates & Forecast By Country, 2020–2027
12.5.2 Market Estimates & Forecast By Component, 2020–2027
12.5.3 Market Estimates & Forecast By Application, 2020–2027
12.5.4 Market Estimates & Forecast By Deployment Type, 2020–2027
12.5.5 Market Estimates & Forecast By Enterprise Size, 2020–2027
12.5.6 Market Estimates & Forecast By Vertical, 2020–2027
12.5.7 Middle East & Africa
12.5.7.1 Market Estimates & Forecast By Component, 2020–2027
12.5.7.2 Market Estimates & Forecast By Application, 2020–2027
12.5.7.3 Market Estimates & Forecast By Deployment Type, 2020–2027
12.5.7.4 Market Estimates & Forecast By Enterprise Size, 2020–2027
12.5.7.5 Market Estimates & Forecast By Vertical, 2020–2027
12.5.8 Latin America
12.5.8.1 Market Estimates & Forecast By Component, 2020–2027
12.5.8.2 Market Estimates & Forecast By Application, 2020–2027
12.5.8.3 Market Estimates & Forecast By Deployment Type, 2020–2027
12.5.8.4 Market Estimates & Forecast By Enterprise Size, 2020–2027
12.5.8.5 Market Estimates & Forecast By Vertical, 2020–2027
13 Competitive Landscape
14 Company Profiles
14.1 Dell Technologies, Inc.
14.1.1 Company Overview
14.1.2 Product/Business Segment Overview
14.1.3 Financial Updates
14.1.4 Key Developments
14.1.5 SWOT Analysis
14.1.6 Key Strategy
14.2 IBM
14.2.1 Company Overview
14.2.2 Product/Business Segment Overview
14.2.3 Financial Updates
14.2.4 Key Developments
14.2.5 SWOT Analysis
14.2.6 Key Strategy
14.3 Blackberry Limited
14.3.1 Company Overview
14.3.2 Product/Business Segment Overview
14.3.3 Financial Updates
14.3.4 Key Developments
14.3.5 SWOT Analysis
14.3.6 Key Strategy
14.4 Intel Corporation
14.4.1 Company Overview
14.4.2 Product/Business Segment Overview
14.4.3 Financial Updates
14.4.4 Key Developments
14.4.5 SWOT Analysis
14.4.6 Key Strategy
14.5 Symantec Corporation
14.5.1 Company Overview
14.5.2 Product/Business Segment Overview
14.5.3 Financial Updates
14.5.4 Key Developments
14.5.5 SWOT Analysis
14.5.6 Key Strategy
14.6 Certes Networks, Inc.
14.6.1 Company Overview
14.6.2 Product/Business Segment Overview
14.6.3 Financial Updates
14.6.4 Key Developments
14.6.5 SWOT Analysis
14.6.6 Key Strategy
14.7 Sophos Ltd.
14.7.1 Company Overview
14.7.2 Product/Business Segment Overview
14.7.3 Financial Updates
14.7.4 Key Developments
14.7.5 SWOT Analysis
14.7.6 Key Strategy
14.8 Mobileiron, Inc.
14.8.1 Company Overview
14.8.2 Product/Business Segment Overview
14.8.3 Financial Updates
14.8.4 Key Developments
14.8.5 SWOT Analysis
14.8.6 Key Strategy
14.9 Alertboot Data Security
14.9.1 Company Overview
14.9.2 Product/Business Segment Overview
14.9.3 Financial Updates
14.9.4 Key Developments
14.9.5 SWOT Analysis
14.9.6 Key Strategy
14.10 Communication Security Group
14.10.1 Company Overview
14.10.2 Product/Business Segment Overview
14.10.3 Financial Updates
14.10.4 Key Developments
14.10.5 SWOT Analysis
14.10.6 Key Strategy
15 Conclusion
LIST OF TABLES
Table 1 Mobile Encryption Market, By Region, 2020–2027
Table 2 North America: Mobile Encryption Market, By Country, 2020–2027
Table 3 Europe: Mobile Encryption Market, By Country, 2020–2027
Table 4 Asia-Pacific: Mobile Encryption Market, By Country, 2020–2027
Table 5 Middle East & Africa: Mobile Encryption Market, By Country, 2020–2027
Table 6 Latin America: Mobile Encryption Market, By Country, 2020–2027
Table 7 Global Mobile Encryption Component Market, By Region, 2020–2027
Table 8 North America: Mobile Encryption Component Market, By Country, 2020–2027
Table 9 Europe: Mobile Encryption Component Market, By Country, 2020–2027
Table 10 Asia-Pacific: Mobile Encryption Component Market, By Country, 2020–2027
Table 11 Middle East & Africa: Mobile Encryption Component Market, By Country, 2020–2027
Table 12 Latin America: Mobile Encryption Component Market, By Country, 2020–2027
Table 13 Global Mobile Encryption Application Market, By Region, 2020–2027
Table 14 North America: Mobile Encryption Application Market, By Country, 2020–2027
Table 15 Europe: Mobile Encryption Application Market, By Country, 2020–2027
Table 16 Asia-Pacific: Mobile Encryption Application Market, By Country, 2020–2027
Table 17 Middle East & Africa: Mobile Encryption Application Market, By Country, 2020–2027
Table 18 Latin America: Mobile Encryption Application Market, By Country, 2020–2027
Table 19 Global Mobile Encryption Deployment Type Market, By Region, 2020–2027
Table 20 North America: Mobile Encryption Deployment Type Market, By Country, 2020–2027
Table 21 Europe: Mobile Encryption Deployment Type Market, By Country, 2020–2027
Table 22 Asia-Pacific: Mobile Encryption Deployment Type Market, By Country, 2020–2027
Table 23 Middle East & Africa: Mobile Encryption Deployment Type Market, By Country, 2020–2027
Table 24 Latin America: Mobile Encryption Deployment Type Market, By Country, 2020–2027
Table 25 Global Mobile Encryption Enterprise Size Market, By Region, 2020–2027
Table 26 North America: Mobile Encryption Enterprise Size Market, By Country, 2020–2027
Table 27 Europe: Mobile Encryption Enterprise Size Market, By Country, 2020–2027
Table 28 Asia-Pacific: Mobile Encryption Enterprise Size Market, By Country, 2020–2027
Table 29 Middle East & Africa: Mobile Encryption Enterprise Size Market, By Country, 2020–2027
Table 30 Latin America: Mobile Encryption Enterprise Size Market, By Country, 2020–2027
Table 31 Global Mobile Encryption Enterprise Size Market, By Region, 2020–2027
Table 32 North America: Mobile Encryption Vertical Market, By Country, 2020–2027
Table 33 Europe: Mobile Encryption Vertical Market, By Country, 2020–2027
Table 34 Asia-Pacific: Mobile Encryption Vertical Market, By Country, 2020–2027
Table 35 Middle East & Africa: Mobile Encryption Vertical Market, By Country, 2020–2027
Table 36 Latin America: Mobile Encryption Vertical Market, By Country, 2020–2027
LIST OF FIGURES
FIGURE 1 Global Mobile Encryption Market Segmentation
FIGURE 2 Forecast Methodology
FIGURE 3 Porter’s Five Forces Analysis Of Global Mobile Encryption Market
FIGURE 4 Value Chain Of Global Mobile Encryption Market
FIGURE 5 Share Of Global Mobile Encryption Market In 2020, By Country (In %)
FIGURE 6 Global Mobile Encryption Market, 2020–2027
FIGURE 7 Global Mobile Encryption Market Size, By Component, 2020
FIGURE 8 Global Mobile Encryption Market Size, By Application, 2020
FIGURE 9 Global Mobile Encryption Market Size, By Deployment Type, 2020
FIGURE 10 Global Mobile Encryption Market Size, By Enterprise Size, 2020
FIGURE 11 Global Mobile Encryption Market Size, By Vertical, 2020