Mobile Encryption Market Size

Study Period: | 2018 - 2028 |
Fastest Growing Market: | Asia Pacific |
Largest Market: | North America |
CAGR: | 30.55 % |
Major Players![]() *Disclaimer: Major Players sorted in no particular order |
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Mobile Encryption Market Analysis
The Global Mobile Encryption Market is valued at USD 1198.45 million in 2020 and is expected to reach a value of USD 5,931.23 million by 2026 at a CAGR of 30.55%, during the forecast period of (2021 - 2026). 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.
- 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. The need for stringent compliance and regulatory requirements, and increasing concern for data security and privacy of intellectual property are the major factors driving the market. Also, the rising trend of Internet of Things among various end-user verticals is a crucial factor facilitating the expansion of mobile encryption market.
- For Instance, in India, the government declared a 400-1000% increase in digital transactions after demonetization. The increasing number of online transactions is likely to fuel the growth of the global mobile encryption market during the forecast period.
- The “bring your own device” (BYOD) phenomenon, and its 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. As a result, managing policies and keys, both efficiently and securely, is an increasingly troublesome challenge.
- The comprehensive use of encryption varies considerably by industry segment. Specifically, heavily regulated and mobile-dependent industries, such as financial services and IT services, have the highest use rate; and less regulated industries, such as manufacturing and consumer products have the lowest use rate.
Mobile Encryption Industry Segmentation
Encryption protects the information saved on a device by scrambling the data into a format that cannot be read by a computer or people without a key. This can be as simple as a scrambled pin code or fingerprint scan. Mobile security breaches can happen in various forms, not just through the cloud which is a common misconception. Other external resources, such as free wi-fi, charging stations and third-party apps should be treated with a degree of suspicion.
Component | |
Solutions | |
Services |
Application | |
Disk Encryption | |
File/Folder Encryption | |
Web Communication Encryption | |
Cloud Encryption | |
Other Applications |
Deployment Type | |
On-premise | |
Cloud |
Enterprise Size | |
SMEs | |
Large Enterprises |
End Users | |
BFSI | |
Aerospace and Defense | |
Healthcare | |
Government and Public Sector | |
Telecom | |
Retail | |
Other End Users |
Geography | |
North America | |
Europe | |
Asia Pacific | |
Latin America | |
Middle East and Africa |
Mobile Encryption Market Trends
This section covers the major market trends shaping the Mobile Encryption Market according to our research experts:
BFSI is Expected to Hold a Major Market Share

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North America is Expected to Hold a Major Market Share

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Mobile Encryption Industry Overview
The Global Mobile Encryption Market is fragmented as the mobile encryption ecosystem comprises various mobile encryption solution and service providers. The major players deploy various strategies such as new product launches, clinical trials and are also taking market initiatives, innovations through high expense on research and development, entering joint ventures, partnerships, acquisitions, and others to increase their footprints in this market.
- For Instance, in August 2017, Symantec Corporation entered into a partnership with the telecom operator, Bharti Airtel, to serve the increasing cybersecurity requirements of businesses in India. The telecom service provider is now aiming to provide protection and prevent online the threats in an increasingly digitally connected world.
- Further, in November 2017, For the first time, IBM Z enables organizations to pervasively encrypt data—either in flight or at rest—that is associated with an entire application, cloud service or database. All of this comes with no changes to the applications. It’s powered by the world’s most powerful and secure transaction system, capable of running more than 12 billion encrypted transactions per day.
Mobile Encryption Market Leaders
Check Point Software Technologies, Ltd .
Hewlett Packard Enterprise
IBM Corporation
KoolSpan, Inc.
MobileIron, Inc.
*Disclaimer: Major Players sorted in no particular order

Mobile Encryption Market Report - Table of Contents
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1. INTRODUCTION
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1.1 Study Deliverables
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1.2 Study Assumptions
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1.3 Scope of the Study
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2. RESEARCH METHODOLOGY
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3. EXECUTIVE SUMMARY
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4. MARKET DYNAMICS
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4.1 Market Overview
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4.2 Introduction to Market Drivers and Restraints
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4.3 Market Drivers
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4.3.1 Growing demand for secure communication in enterprises
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4.3.2 Increasing concern for data security and privacy of intellectual property
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4.4 Market Restraints
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4.4.1 Lack of awareness and skilled workforce
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4.5 Value Chain / Supply Chain Analysis
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4.6 Industry Attractiveness - Porter's Five Force Analysis
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4.6.1 Threat of New Entrants
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4.6.2 Bargaining Power of Buyers/Consumers
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4.6.3 Bargaining Power of Suppliers
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4.6.4 Threat of Substitute Products
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4.6.5 Intensity of Competitive Rivalry
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5. MARKET SEGMENTATION
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5.1 Component
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5.1.1 Solutions
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5.1.2 Services
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5.2 Application
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5.2.1 Disk Encryption
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5.2.2 File/Folder Encryption
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5.2.3 Web Communication Encryption
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5.2.4 Cloud Encryption
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5.2.5 Other Applications
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5.3 Deployment Type
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5.3.1 On-premise
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5.3.2 Cloud
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5.4 Enterprise Size
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5.4.1 SMEs
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5.4.2 Large Enterprises
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5.5 End Users
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5.5.1 BFSI
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5.5.2 Aerospace and Defense
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5.5.3 Healthcare
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5.5.4 Government and Public Sector
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5.5.5 Telecom
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5.5.6 Retail
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5.5.7 Other End Users
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5.6 Geography
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5.6.1 North America
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5.6.2 Europe
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5.6.3 Asia Pacific
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5.6.4 Latin America
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5.6.5 Middle East and Africa
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6. COMPETITIVE LANDSCAPE
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6.1 Company Profiles
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6.1.1 Check Point Software Technologies, Ltd
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6.1.2 Hewlett Packard Enterprise
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6.1.3 IBM Corporation
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6.1.4 KoolSpan, Inc.
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6.1.5 MobileIron, Inc.
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6.1.6 SecurStar GmbH
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6.1.7 Silent Circle, LLC
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6.1.8 Sophos Ltd.
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6.1.9 Symantec Corporation
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6.1.10 T-Systems International GmbH
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*List Not Exhaustive -
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7. INVESTMENT ANALYSIS
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8. MARKET OPPORTUNITIES AND FUTURE TRENDS
Mobile Encryption Market Research FAQs
What is the study period of this market?
The Mobile Encryption Market is studied from 2018 - 2028.
What is the growth rate of Mobile Encryption Market?
The Mobile Encryption Market is growing at a CAGR of 30.55% over the next 5 years.
Which region has highest growth rate in Mobile Encryption Market?
Asia Pacific is growing at the highest CAGR over 2018 - 2028.
Which region has largest share in Mobile Encryption Market?
North America holds highest share in 2021.
Who are the key players in Mobile Encryption Market?
Check Point Software Technologies, Ltd ., Hewlett Packard Enterprise, IBM Corporation, KoolSpan, Inc., MobileIron, Inc. are the major companies operating in Mobile Encryption Market.
Mobile Encryption Industry Report
Statistics for the 2023 Mobile Encryption market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Mobile Encryption analysis includes a market forecast outlook to 2028 and historical overview. Get a sample of this industry analysis as a free report PDF download.