+250% CAGR Growth to be Achieved by Mobile Encryption Market According to New Research

The Research predict the global mobile encryption market based on components (solutions and services), applications, deployment types, end user types, industries and regions.
To provide detailed information about key factors that affect market growth (drivers, restrictions, opportunities and issues)

Houston, United States – May 5, 2018 /MarketersMedia/ —

As smartphones and tablets spread across the enterprise, require stringent regulatory and regulatory requirements, and are increasingly concerned about data security and privacy issues, there are several factors driving the growth of the global mobile encryption market. The base year considered in this study is 2017and the forecast period considered is 2018-2022. The Global market is projected to Grow at a CAGR of +250% by 2022
For anyone who needs a mobile device with higher-than-usual security, there are a number of options. One such option is to encrypt your entire device. An encrypted device is far more secure than an unencrypted one Encryption stores your phone’s data in an unreadable, seemingly scrambled form. Encryption protects the sensitive data on your phone. For example, corporations with sensitive business data on company phones will want to use encryption With the increase in the BYOD trend the demand for encryptions potation has gone high North America region is to be the largest market
The resent ransom ware attack affected systems in more than 150 countries recently. This will definitely will bring in concerns for mobile security at topmost priority, to protect valuable data
Key drivers in the mobile encryption market are the proliferation of smartphones and tablets across the enterprise, the need for stringent compliance and regulatory requirements, and increased concerns about data security and privacy concerns. In addition, as the adoption rate of cloud-based mobile encryption solutions continues to increase, the mobile encryption market is expected to gain major traction during the forecast period.

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The lessons for users are obvious to keep their device secure Sectors like Banking, Financial Services, and Insurance, Aerospace and Defense, Healthcare, Government and Public Sector, Telecom and Retail are studied in this research on Mobile Encryption
Cloud encryption is expected to grow at the highest CAGR during the forecast period. Cloud encryption is a service offered by cloud storage providers whereby data, or text, is transformed using encryption algorithms and is then placed on a storage cloud. Encryption consumes more processor overhead, many cloud providers will only offer basic encryption on a few database fields, such as passwords and account numbers
Disk encryption is expected to dominate the mobile encryption market from 2017 to 2022, with the market share leading to increased demand for hardware-based encryption to ensure data security at the source. As the BYOD trend grows, employees have the freedom to carry personal devices and can exchange important data through personal devices. With strong encryption, you can protect your confidential data even if your employees’ devices are lost or stolen.
Communications and healthcare are expected to grow to the highest CAGR in the mobile encryption market from 2017 to 2022, driven by increased personal and health data stored on mobile phones, tablets and the Internet. Most telecommunications companies rely on communications encryption to protect data that is in motion, such as customer calls and messages.
The Global Mobile Encryption Market Research Report Forecast 2017-2020 is a valuable source of insightful data for business strategists. It provides the Mobile Encryption industry overview with growth analysis and historical & futuristic cost, revenue, demand and supply data (as applicable). The research analysts provide an elaborate description of the value chain and its distributor analysis. This Mobile Encryption market study provides comprehensive data which enhances the understanding, scope and application of this report.

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This report is an all-inclusive and descriptive view of the global Mobile Encryption market. It elaborates on the market dynamics, scope of growth in various segments and regions, and other parameters that have been so far effective during its expansion in terms of gaining value and size. This research study is thus a quantitative as well as a qualitative study aimed at imparting clear vision of all possible situations and structure in the global Mobile Encryption market, as well as the drivers that may exist between 2017 and 2025.
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Release ID: 341244