Statistics of Mobile Encryption Market covering market size,
industry share numbers, regional outlook, competitive landscape with data about
leading companies is now available in the latest report by Global Market
Insights, Inc.
Mobile Encryption Market
size has witnessed a considerable growth owing to the growing need for
stringent regulatory and compliance requirements, concern for privacy and data
security issues, and proliferation of smart devices across enterprises.
Growing implementation of
cloud-based storage across enterprises to protect valuable electronic data,
such as credit card numbers, personal contacts, and bank passwords, is
increasing the demand for these solutions. The increase in the adoption of BYOD
and the growing usage of mobile technology in various sectors, such as
healthcare, BFSI, defense, and IT, are further providing an impetus to the
mobile encryption market. Moreover, the growing need for integrated and cloud
security solutions is creating several opportunities for the market.
Request for an in-depth table of
contents for this report @ https://www.gminsights.com/request-toc/upcoming/2021
Growing government pressure to adopt strict
regulations for the implementation of effective data security to monitor
sensitive data transmission amongst the mobile devices and enterprises is
influencing the industry growth. Stringent regulations, such as Advanced
Encryption Standard (AES), federal information processing standards, and
Payment Card Industry Data Security Standard (PCI DSS) have been authorized for
data security solutions across BFSI and healthcare segments. Speedy
digitalization and the growing usage of internet across these verticals are
expected to generate added scope for the development of mobile encryption
market over the forecast timeline.
Factors, such as rapid growth of operational
expenditure, increasing budget constraints, and lack of skilled workforce, are
hindering the mobile encryption market growth. In addition, the industry is
facing several challenges such as CPU overburdening, compatibility issues, and
encryption key management. However, the enterprises are implementing the
solution to lessen the effects of commercial espionage data breaches,
cyber-attacks, and data loss, which are expected to stimulate the mobile
encryption market.
The mobile encryption market can be segmented based on
deployment type into on-premises and cloud-based models. The cloud-based
deployment model is anticipated to have a majority share owing to the growing
flexibility, low cost of purchasing & servicing of cloud based models such
as Software-as-a-service (SaaS) and Platform-as-a-Service (PaaS), and growing
adoption of the cloud models among several companies globally. Furthermore,
various features, such as high scalability and availability of
subscription-based pricing, are driving the mobile encryption market. Several
companies are positively implementing varied cloud environments ranging from
private and hybrid to public for the storage of vast amounts of data.
By application type, the mobile encryption market is
segmented into disc, file & folder, cloud, and communication encryption.
Cloud encryption is anticipated to grow at a high rate owing to the
implementation of cloud services among enterprises throughout the world. The
rise in the growing number of cyber-attacks is promoting the existing amplified
data security & privacy concerns for enterprises, which have implemented
cloud data storage services. This has stimulated the implementation of cloud
applications to protect the crucial information from various security threats,
such as security thefts and security violations, thereby propelling the mobile
encryption market demand.
On basis of the end-user type, the mobile encryption
market is segmented into large-sized enterprises and Small & Medium
Enterprises (SMEs). The SMEs segment is anticipated to witness a high growth
owing to the growing demand for mobile encryption solutions. These solutions
allow SMEs to safeguard their enterprise information & data and deliver
safe real-time access facilities. Furthermore, the availability of these
solutions at economical pricing is driving the mobile encryption market growth.
By application, the mobile encryption market is
categorized into BFSI, healthcare, manufacturing, retail, media &
entertainment, telecommunications & information technology, education,
government & public sector, and defense & aerospace. The BFSI sector is
anticipated to hold a high market share owing to the high implementation of
such solutions and growing use of mobile technology in financial institutions.
Make an inquiry for buying this report @
https://www.gminsights.com/inquiry-before-buying/2021
The North America mobile encryption market is
anticipated to hold a high market share owing to the growing focus of BFSI
companies toward the early implementation of innovative & advanced
solutions in security technologies. Asia Pacific is expected witness a high
growth rate owing to the growing implementation of BYOD and stringent
compliance throughout various industry verticals, such as government, retail,
BFSI, aerospace & defense, and telecom. Countries, such as Australia,
China, India, Japan, and Singapore, are steadily adopting mobile encryption
solutions due to the increasing need to safeguard data & information
against advanced cyber threats and growing implementation of cloud-based
solutions, thereby driving the industry size.
The players involved in mobile encryption market
include BlackBerry Ltd., Dell Technologies, Inc., IBM Corporation, Intel
Corporation (McAfee), Symantec Corporation, T-Systems International GmbH,
Huawei Technologies Co., Ltd., Hewlett Packard Enterprise, Zix Corporation,
MobileIron, Inc., Sophos Ltd., Alertboot Data Security, Certes Networks, Inc.,
CSG, Inc., ESET, and Silent Circle, LLC.
This latest Mobile
Encryption Market research
report offers in-depth analysis, key industry insights, market sizing &
forecast on a granular level for key products, applications across number of
regional markets. The report also analyzes the Mobile
Encryption from
business strategy perspective, describing in detail growth drivers, pitfalls
&challenges for participants, accompanied by a detailed competitive
benchmarking including company market share analysis and detailed business
profiles.
Reasons to Buy This Report
•
Global Mobile Encryption Market size & forecast by product
& application.
•
Growth drivers, pitfalls & industry challenges.
•
Key Mobile Encryption Market growth opportunities & emerging
business models.
•
Competitive benchmarking with market share analysis and company
profiles.
About Global Market
Insights
Global Market Insights, Inc., headquartered in
Delaware, U.S., is a global market research and consulting service provider;
offering syndicated and custom research reports along with growth consulting
services. Our business intelligence and industry research reports offer clients
with penetrative insights and actionable market data specially designed and
presented to aid strategic decision making. These exhaustive reports are
designed via a proprietary research methodology and are available for key
industries such as chemicals, advanced materials, technology, renewable energy
and biotechnology.
Contact
Us:
Arun Hegde
Corporate Sales, USA
Global Market
Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
No comments:
Post a Comment