Encryption refers to the procedure of programming a message or information in a secured way through which only authorized parties have access to it. Mobile encryption is a rising trend as it focuses on the security aspect of personal or business information. Increasing concerns about privacy and data security are likely to drive the mobile encryption market over the next few years, along with the propagation of tablets and smartphones across enterprises coupled with stringent governing requirements. The rising trend of Internet of Things and Bring Your Own Device (BYOD) among enterprises are crucial factors facilitating the expansion of mobile encryption market. Cyber-attacks, data breaches, commercial espionage, and data loss are likely to influence the mobile encryption market. The adoption of cloud computing technologies owing to the unprecedented growth of data in the last few years is a key factor expected to fuel the demand for mobile encryption over the forecast period. Cloud enabled storage and related applications across various business procedure is expected to enhance the growth of mobile encryption market over the years to come. Stringent rules and regulations such as Payment Card Industry Data Security Standard (PCI DSS) and Advanced Encryption Standard (AES) have been mandated for data security solutions across various industry verticals such as BFSI and health care. Rapid digitalization and the rising usage of internet are likely to create additional scope for growth for the mobile encryption market over the forecast period. Asia-Pacific

The market is segregated by usage into the following segments: cloud encryption, communication encryption, file/folder encryption, and disk encryption. Cloud encryption is likely to dominate the mobile encryption market owing to the rising adoption of cloud-based infrastructure and applications across various business processes. Data compliance and risks pertaining to the protection of data stored in cloud environments drive this segment. Cloud encryption protects sensitive business information from security breaches and thefts. Disk encryption is estimated to dominate the mobile encryption market over the forecast period. Based on deployment, the market is segregated into the on-premises and cloud segments. On the basis of end-user industry, the mobile encryption market is divided into the following groups: banking, financial services & insurance, aerospace & defense, telecommunication & IT, retail, and others. Telecommunication & IT held the dominant share in the mobile encryption market in 2016 and is predicted to remain dominant over the forecast period. The increasing volume of data stored in tablets and cellphones motivates this segment. Communication encryption plays a vital role in securing data in motion such as messages and calls for the telecommunication segment. BFSI sector needs security for business critical information along with demand for financial security, data security and online fund transfer security, among others. This in turn is likely to enhance the growth rate of the mobile encryption market over the forecast period.

Geographically, the mobile encryption market is distributed over North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. North America constituted the key share in the mobile encryption market in 2016 and is projected to retain its position over the forecast period. The growing adoption of improved and innovative technologies is anticipated to boost the demand for mobile encryption over the next few years. Asia Pacific is estimated to expand at an accelerating rate due to the rising implementation of BYOD drifts along with stringent regulations imposed across various industry verticals such as BFSI, healthcare, telecom, retail and defense, among others. Emerging economies such as China, Singapore, and India are rapidly adopting mobile encryption solutions. Latin America is an emerging economy for the mobile encryption market over the forecast period.

Key players in the mobile encryption market include Dell Technologies, Inc., Huawei Technologies Co. Ltd., Hewlett Packard Enterprise, CSG, Inc, DataMotion, Inc., KoolSpan, Inc., DataMotion, Inc., Becrypt, Ltd., Zix Corporation, International Business Machines Corporation, and Intel Corporation, among others.

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.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players 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.

Custom Market Research Services

TMR offers custom market research services that help clients to get information on their business scenario required where syndicated solutions are not enough.


Mobile Encryption Market

Pre Book