Mobile Encryption Market 2021 COVID-19 Pandemic Impact, Segments, Sales Profits by 2027
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The Global Mobile Encryption Market was valued at USD 705.2 million in 2017 and is exected to reach USD 3,013.3 million by the end of forecast period with a CAGR of 27.75%.
The rising number of data frauds and increasing data security risks is creating demand for mobile encryption market. Mobile encryption protects data stored in mobile devices thus making the data unusable in the wrong hands. Compliance requirements across organizations make it necessary to encrypt data in order to avoid penalties for data breaches.