DUBLIN–(BUSINESS WIRE)–Research and Markets has announced the addition of the “Mobile
Encryption Market – Global Forecast to 2022” report to their
The mobile encryption market size is expected to grow from USD 761.4
million in 2017 to USD 2,917.9 million by 2022, at a Compound Annual
Growth Rate (CAGR) of 30.8%.
The market is driven by factors such as increased concerns for data
security and privacy issues, the proliferation of smartphones and
tablets across enterprises, and the need for strict compliance and
regulatory requirements. However, increased operational expenditure and
budget constraints are some of the major factors hindering the growth of
the global mobile encryption market.
The cloud encryption segment among the mobile encryption applications is
projected to grow at the highest rate during the forecast period, due to
the increased adoption of cloud-based storage and applications across
various business processes. Organizations are categorically embracing
diverse cloud environments, ranging from private and hybrid to public,
for the storage of vast amounts of data. However, risks associated with
content protection and data compliance remain to be the prime
impediments for cloud embracement across businesses. Thus, it encourages
the adoption of cloud encryption to safeguard sensitive information from
security breaches and thefts.
- Adeya SA
- AlertBoot Data Security
- Becrypt, Ltd.
- BlackBerry Ltd.
- CSG, Inc.
- Certes Networks, Inc.
- Check Point Software Technologies, Ltd.
- DataMotion, Inc.
- Dell Technologies, Inc.
- Gold Line Group Ltd.