Global Mobile Encryption market is expected to reach 2298.9 million USD by the end of 2022

Global Mobile Encryption market is expected to reach 2298.9 million USD by the end of 2022 QYRESEARCH FOCUS ON MARKET SURVEY AND RESEARCH

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• Especially in recent years, the rapid development of mobile Internet, mobile terminals occupy people's lives, followed by the mobile application security issues have gradually attracted people's attention. The more advanced science and technology, the more we should pay attention to security issues. • With the widespread use of smartphones and tablets in business today, malware constantly infringes upon the interests of consumers, such as mobile payment security issues, personal information security.

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• BYOD has achieved rapid growth, with a compound annual growth rate (CAGR) of 15.19% in the past few years.

However, hackers are seeking every avenue available to break into them. Invasion of the virus caused a lot of damage. In order to solve these contradictions, the entire market has a huge demand for mobile encryption. • Global Mobile Encryption revenue market is valued at 815.0 million USD in 2016 and is expected to reach 2298.9 million USD by the end of 2022, growing at a CAGR of 18.87%between 2016 and 2022.

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• On the basis of region, United States is the largest market segment of Mobile Encryption, with a consumption market share nearly 33.90% in 2016; Asia region has great market potential in the future. • Mobile Encryption used in industry including BFSI, Healthcare & Retail, Government and Public Sector, Telecommunications and IT, etc. Report data showed that Mobile Encryption of the Mobile Encryption market demand in BFSI in 2016.

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• The market is not only influenced by the price, but also influenced by the product performance. The leading companies own the advantages on better performance, more abundant product’s types, better technical and impeccable after-sales service. Consequently, they take the majority of the market share of high-end market.

• Despite the presence of competition problems, due to the global recovery trend is slightly and positive attitude of the government , investor are still optimistic about this area; the future will still have more new investment enter the field.

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