Mobile encryption is used for protecting data from any type of malware, data threats and sophisticated cyber-crimes. Organizations including small and large enterprises across the world are rapidly adopting mobile encryption in order to avoid penalties caused from data breaches. One of the most common type of mobile encryption being used is full disk encryption (FDE).
By component, the market is segmented into solution and services. The services segment is further bifurcated into managed services and professional services. Solution market is the largest revenue generating segment and is expected to continue its dominance during the forecast period. The services segment is expected to grow at the fastest rate during the forecast period.

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By application, the market is segmented into disk encryption, communication encryption, file/folder encryption, and cloud encryption. Cloud encryption segment is expected to grow at the fastest growth rate during the forecast period owing to rapid adoption of cloud in various organization in order to reduce cost and achieve scalability. The increasing amount of sensitive data on cloud coupled with rising data theft and data leakages has prompted the enterprises to adopt cloud encryption.
By deployment type, the market is segmented into on-premise and cloud. On-premise segment contributes to the largest share in mobile encryption market whereas cloud segment is expected to grow at a high CAGR during the forecast period.
By enterprise size, the market can be segmented into SMEs and large enterprises. Large enterprises segment dominates the mobile encryption market and is expected to continue its dominance through the forecast period.
By vertical, the mobile encryption market is segmented into BFSI, aerospace and defense, healthcare, telecom, retail, government and public sector and others. By region, the market is segmented into North America, Europe, Asia-Pacific, and rest of the world.

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Key Players
The key players in the mobile encryption market are identified across all the major regions based on their country of origin, presence across different regions, recent key developments, product diversification, and industry expertise. Some of them are – Dell Technologies, Inc. (US), IBM (US), Blackberry Limited (Canada), Intel Corporation (US), Symantec Corporation (US), Certes Networks, Inc. (US), Sophos Ltd. (UK), Mobileiron, Inc. (US), Alertboot Data Security (US), and Communication Security Group (US). These players contribute a major share in the growth of Mobile encryption market.
Apart from the top key players, there are other players that contribute to the market growth. These include Adeya SA (Switzerland), Check Point Software Technologies, Ltd. (Israel), DataMotion, Inc. (US) and T-Systems International GmbH (Germany), and others.

Regional Analysis
The mobile encryption market is estimated to grow at a significant rate during the forecast period from 2018 to 2023. The geographical analysis of mobile encryption market is studied for North America, Europe, Asia-Pacific, and the rest of the world (including the Middle East, Africa, and Latin America). North America is the largest revenue generating segment and is expected to continue its dominance during the forecast period. Factors such as large number of smartphone adoption, increasing internet penetration, advanced IT infrastructure is creating demand for mobile encryption the North America region. Also, early adoption of advanced technologies in US and Canada is one of the important factors for the growth of mobile encryption market in this region. North America is followed by Europe wheras Asia-Pacific is expected to grow at the highest CAGR during the forecast period. Introduction of data privacy regulations in countries such as China, India, Japan and Singapore is expected to create the demand for mobile encryption.

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