Global Mobile Encryption Market Product, Demand, Opportunities and Analysis 2018-2025
Added: (Fri May 11 2018)
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The Global Mobile Encryption Market accounted for USD 643.67 billion in 2016 growing at a CAGR of 32.1% during the forecast period of 2017 to 2024. The upcoming market report contains data for historic year 2014, 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.
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What is Global Mobile Encryption Market?
Mobile encryption is in the rising trend in today’s market because of its focus upon security aspect of personal as well as business information. Cyber-attacks, data breach, data loss are likely positively influence the mobile encryption market. Increased concerns about privacy & data security are the major factor in the growth of mobile encryption market. On the other hand lack of awareness about the technology may hinder the market. It has its wide application in banking, financial services, and insurance, aerospace and defense, healthcare, government and public sector, telecom, retail, and others.
Major Market Drivers & Restraints:
• Need for Stringent Compliance and Regulatory Requirements
• Increasing Concern for Data Security Issues and Privacy of Data
• Proliferation of Smartphones and Tablets Across Enterprises
• Lack of Awareness and Skilled Workforce
• Increased Operational Expenditure and Budget Constraints
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Global Mobile Encryption Market Partitioning:
The global mobile encryption market is segmented on the basis of component into solutions and, services. The services segment is further sub segmented into professional services and managed service. The Professional Services segment is further sub segmented into Support and maintenance, training and education, and consulting.
On the basis of application, the global mobile encryption market is segmented into disk encryption, file/folder encryption, communication encryption, and cloud encryption
On the basis of end-user type, the global mobile encryption market is segmented into large enterprises, and small & medium-sized enterprises (SMEs).
On the basis of deployment model, the global mobile encryption market is segmented into on-premises, and cloud.
On the basis of vertical, the global mobile encryption market into banking, financial services, and insurance, aerospace and defense, healthcare, government and public sector, telecom, retail and others.
On the basis of geography, the global mobile encryption market report covers data points for 28 countries across multiple geographies such as North America, South America, Europe, Asia-Pacific, and Middle East & Africa. Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa, and Brazil among others. In 2017, North America is expected to dominate the market.
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