Mobile Data Protection Market - Overview
Mobile Data Protection (MDP) is the technology that applies data privacy guidelines by managing data encryption on the principal storage system of a workstation in various data storage platforms, such as solid-state disks, removable media and hard drives used in alliance with smartphones & workstations. It consists of an offline/stand-alone agent for removable media, an active endpoint agent for the target device and a central console. Mobile data protection (MDP) is used for securing data on mobile storage systems including removable media, smartphones, and laptops. It also provides unified protection policies across multiple platforms. To protect mobile data, information technology administrators must know the entire intricacies of mobile operating system, determine which devices to allow in the workplace and understand the native data protection. Protecting corporate data from theft or loss is a priority for any organisation. Data breaches are pricey and painful, and their effects can range from regulatory sanctions to brand damage. Support for secure device wipe and native device level encryption varies. However, Because of this, it is common for IT shops to apply a two bifurcated approach to securing mobile data. First, they enforce and establish minimum criteria for the acceptance for the outside device willing to enter into the company network, then they back fill platform weaknesses with third party technologies for mobile security. There are various ways of protecting mobile data including remote data wipe for mobile devices, mobile device locks, mobile activity monitoring & audit and encryption of stored data on mobile devices.
Mobile Data Protection Market - Drivers & Restraints
Increasing bring your own devices (BYOD) trend among organizations resulting into several threats for the organization including data loss and others. This is driving the adoption of the mobile data protection by various organizations. Mobile data protection also provides various user benefits for the organizations. For instance, it keep employees productive and maintain operational efficiency with transparent decryption and encryption that causes virtually no disruption to any system performance and users. It allow users to store, access, transfer and share data securely. Furthermore, it simplifies security management, which means enforce and implement company broad security policies that control user authentication and data encryption all from a central platform. It also supports compliance with external and internal security regulations.
Significant amount of spending on IT infrastructure for the implementation of the mobile data protection system can challenge mobile data protection market. However, large and established enterprises with significant budget are spending on building a secure IT infrastructure.
Mobile Data Protection Market - Segmentation
Geographically mobile data protection market can be segmented into North America, Europe, Asia Pacific, Middle East and Africa and South America. North America and Europe are expected to lead due to the new data protection regulations laid down by the government. However, Asia Pacific is expected to grow at a significant pace since various large and prominent enterprises are investing in mobile data protection technology to secure IT infrastructure.
Mobile Data Protection Market - Key Players
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.
The study is a source of reliable data on:
- Market segments and sub-segments
- Market trends and dynamics
- Supply and demand
- Market size
- Current trends/opportunities/challenges
- Competitive landscape
- Technological breakthroughs
- Value chain and stakeholder analysis
The regional analysis covers:
- North America (U.S. and Canada)
- Latin America (Mexico, Brazil, Peru, Chile, and others)
- Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
- Eastern Europe (Poland and Russia)
- Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
- Middle East and Africa (GCC, Southern Africa, and North Africa)
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.
Highlights of the report:
- A complete backdrop analysis, which includes an assessment of the parent market
- Important changes in market dynamics
- Market segmentation up to the second or third level
- Historical, current, and projected size of the market from the standpoint of both value and volume
- Reporting and evaluation of recent industry developments
- Market shares and strategies of key players
- Emerging niche segments and regional markets
- An objective assessment of the trajectory of the market
- Recommendations to companies for strengthening their foothold in the market
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.