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Oct. 31, 2019, 5:53 a.m. EDT

Mobile Encryption Market in BFSI Sector Will Witness Robust Growth Over 2019-2025

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Oct 31, 2019 (AmericaNewsHour) -- By application, the mobile encryption market is categorized into BFSI, healthcare, manufacturing, retail, media & entertainment, telecommunications & information technology, education, government & public sector, and defense & aerospace. The BFSI sector is anticipated to hold a high market share owing to the high implementation of such solutions and growing use of mobile technology in financial institutions. 

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On basis of the end-user type, the mobile encryption market is segmented into large-sized enterprises and Small & Medium Enterprises (SMEs). The SMEs segment is anticipated to witness a high growth owing to the growing demand for mobile encryption solutions. These solutions allow SMEs to safeguard their enterprise information & data and deliver safe real-time access facilities. Furthermore, the availability of these solutions at economical pricing is driving the mobile encryption market growth. 

The mobile encryption market can be segmented based on deployment type into on-premises and cloud-based models. The cloud-based deployment model is anticipated to have a majority share owing to the growing flexibility, low cost of purchasing & servicing of cloud based models such as Software-as-a-service (SaaS) and Platform-as-a-Service (PaaS), and growing adoption of the cloud models among several companies globally. Furthermore, various features, such as high scalability and availability of subscription-based pricing, are driving the mobile encryption industry.

By application type, the mobile encryption market is segmented into disc, file & folder, cloud, and communication encryption. Cloud encryption is anticipated to grow at a high rate owing to the implementation of cloud services among enterprises throughout the world. The rise in the growing number of cyber-attacks is promoting the existing amplified data security & privacy concerns for enterprises, which have implemented cloud data storage services.

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The North America mobile encryption market is anticipated to hold a high market share owing to the growing focus of BFSI companies toward the early implementation of innovative & advanced solutions in security technologies. Asia Pacific is expected witness a high growth rate owing to the growing implementation of BYOD and stringent compliance throughout various industry verticals, such as government, retail, BFSI, aerospace & defense, and telecom.

The players involved in mobile encryption market include BlackBerry Ltd., Dell Technologies, Inc., IBM Corporation, Intel Corporation (McAfee), Symantec Corporation, T-Systems International GmbH, Huawei Technologies Co., Ltd., Hewlett Packard Enterprise, Zix Corporation, MobileIron, Inc., Sophos Ltd., Alertboot Data Security, Certes Networks, Inc., CSG, Inc., ESET, and Silent Circle, LLC.
 

Methodology used in the Report -

Our researchers and domain experts use a unique blend of primary and secondary research, with validation and iterations at every stage, in order to minimize deviation and present the most accurate analysis of the industry. The research process begins with extensive data mining, using authentic sources such as trade magazines, technical publications, independent studies along with paid avenues such as ICIS, Hoovers, etc. Primary objectives of data mining include:

  • Definition and scope of research

  • Market dynamics, growth drivers and industry pitfalls

  • Regulatory and political guidelines for the industry

  • Demographics and statistical data

Browse complete summary of this research report @   https://www.gminsights.com/industry-analysis/mobile-encryption-market

About Global Market Insights:

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, Application, renewable energy and bio Application.

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The post Mobile Encryption Market in BFSI Sector Will Witness Robust Growth Over 2019-2025 appeared first on America News Hour .

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