Market Overview

Mobile Encryption Market by Trends, Technology Innovations and Growth 2018 to 2023

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Mobile Encryption Market by Trends, Technology Innovations and Growth 2018 to 2023

PR Newswire

PUNE, India, August 29, 2018 /PRNewswire-iReach/ -- The global mobile encryption market was valued at USD 763.24 million in 2017 and is expected to reach a value of USD 2924.19 million by 2023 at a CAGR of 30.8%, during the forecast period of (2018- 2023).

The report elaborates the complete details covering product definition, product type, and application. The report covers useful details which are categorized based on Mobile Encryption production region, major players, and product type which will provide a simplified view of the Mobile Encryption industry. The Mobile Encryption market report presents the competitive scenario of the major market players based on the sales revenue, customer demands, company profile, the business tactics used in Mobile Encryption market which will help the emerging market segments in making vital business decisions.

Global Mobile Encryption Market by Top Manufacturers (2018-2023): Check Point Software Technologies, Ltd., Dell Technologies, Inc., Eset, Gold Line Group Ltd., Hewlett Packard Enterprise, Huawei Technologies Co. Ltd., And Ibm Corporation, Amongst Others.

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Essential points covered in Mobile Encryption Market 2018 Research are:-

  • What will the market size and the growth rate be in 2023?
  • What are the key factors driving the Mobile Encryption market?
  • What are the key market trends impacting the growth of the Mobile Encryption market?
  • What are the challenges to market growth?
  • Who are the key vendors in the Mobile Encryption market?
  • What are the market opportunities and threats faced by the vendors in the Mobile Encryption market?
  • What are the key outcomes of the five forces analysis of the Mobile Encryption market?

This independent 108 pages report guarantees you will remain better informed than your competition. With figures examining the Mobile Encryption market, the report gives you a visual, one-stop breakdown of the leading products, submarkets and market leader's market revenue forecasts as well as analysis to 2023.

Increasing and evolution of advanced threats, the enhanced adoption of cloud services, mobile device proliferation, and virtualization are the major factors creating disrupting changes in the mobile encryption market.

As organizations have adapted to increasingly pervasive regulatory and compliance mandates and more stringent internal policies, encryption deployments have risen in number and scope in major enterprises. The "bring your own device" (BYOD) phenomenon, and it's incredibly fast and pervasive adoption by almost every organization necessitated a fundamental rethinking of security approaches and it is found that organizations are deploying many disparate encryption platforms. And as a result, managing policies and keys both efficiently and securely is an increasingly troublesome challenge.

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BFSI Industry to Have the Largest Market Share during the Forecast Period

The BFSI sector is faced with a number of data breach and cyber-attacks owing to the large customer base that the industry serves. Data breaches leads to the exponential rise in costs and loss of valuable customer information. For instance, in the recent past Taiwan's Far Eastern International Bank incurred a loss of around 60 million by a malware. With the aim to secure their IT processes and systems, secure customer critical data and comply with government regulations, both private and public banking institutes are focused on implementing the latest technology to prevent cyberattacks. Also, with greater customer expectation, growing technological capabilities and regulatory requirements, banking institutions are pushed to adopt a proactive approach to security. The growing technological penetration coupled with the digital channels such as internet banking, mobile banking, becoming the preference choice of customers for banking services, there is a greater need for banks to leverage advanced authentication and access control encryption processes.

Reasons to Purchase This Report

  • Analyzing various perspectives of the market with the help of Porter's five forces analysis
  • Regions which is expected to witness fastest growth during the forecast period
  • Identify the latest developments, market shares and strategies employed by the major market players.
  • 3 months analyst support along with the Market Estimate sheet (in excel).

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