Mobile Encryption Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

MARKET OVERVIEW

Shifting focus on security aspects of business as well as personal information has resulted in rising trend towards mobile encryption. Rising incidences of data breach, cyber-attacks, and data loss are likely to impact the mobile encryption market. BFSI, telecom and retail are some of the key end-users of the mobile encryption market.

MARKET SCOPE

The "Global Mobile Encryption Market Analysis to 2031" is a specialized and in-depth study with a special focus on the global market trend analysis. The report aims to provide an overview of the mobile encryption market with detailed market segmentation by component, type, deployment type, end-user, and geography. The report provides key statistics on the market status of the leading mobile encryption market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

•   Based on component, the global mobile encryption market is segmented into solution and service.
  
•   On the basis of type, the market is segmented into disk encryption, file/folder encryption, communication encryption, and cloud encryption.
  
•   Based on deployment type, the market is segmented into on-premises and on-cloud.
  
•   Based on end-user, the market is segmented into BFSI, Aerspace & Defence, IT & telecom, healthcare, government, and retail.
  

MARKET DYNAMICS

Drivers:

•   Rising concerns regarding data security & privacy are additional factors that are fueling the demand growth of mobile encryption market.
  

Restraints:

•   Lack of awareness regarding the technology might adversely impact the market's growth in the coming years.
  

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The mobile encryption market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the mobile encryption market in these regions.

IMPACT OF COVID-19 ON MOBILE ENCRYPTION MARKET

COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.

MARKET PLAYERS

The report covers key developments in the mobile encryption market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market players from mobile encryption market are anticipated to lucrative growth opportunities in the future with the rising demand in the global market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the mobile encryption market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.

•   Broadcom
  
•   Check Point Software Technologies Ltd.
  
•   Communication Security Group
  
•   Dell
  
•   ESET, spol. s r.o.
  
•   IBM
  
•   McAfee, LLC
  
•   MOBILEIRON, INC.
  
•   Proofpoint, Inc.,
  
•   T-Systems International GmbH.
  
  

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Mobile Encryption Report Scope