Mobile Data Protection Solutions and Services Market Impact of Industry Size, Shares, and Impact Y-o-Y

The global mobile data protection solutions and services market is expected to reach around USD 47 billion by 2030 with significant CAGR above 25.6% throughout the forecast period 2022 to 2030.

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According to the report named "Mobile data protection solutions and services Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2018-2026", growth in data loss or theft incidences, growing technological advancements in mobile data protection solutions, increasing need for high data security, rising adoption in BFSI and IT & telecom industries and initiatives taken by governments are some of the primary factors that are boosting the mobile data protection solutions and services market growth globally. Mobile data protection solutions and services is the technology that offers information protection rules by managing encryption of the data on the main storage system of a workstation in different information storage platforms. The mobile data protection solutions and services market is expected to gain momentum due to various benefits. North America is anticipated to witness the significant growth rate over the forecast period owing to the growth in the adoption of mobile data protection solutions and services and ongoing technological advancements in the region.

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Various Advantages Offered by Mobile data protection solutions and services and Technological Advancements to Drive the Global Mobile data protection solutions and services Market Growth

In order to increase productivity and overall performance the implementation of mobile data protection solutions and services is increasing rapidly, thereby boosting the growth of the global mobile data protection solutions and services market. Owing to the growth in the incidences of data loss or data theft across the world, the adoption of mobile data protection solutions and services is increasing rapidly, thereby fuelling the growth of the market. Moreover, the initiatives taken by governments across the globe are resulting in the high demand for mobile data protection solutions and services. The large number of technological advancements has taken place in the mobile data protection solutions and services market in more recent times. IT & telecom, BFSI, education, healthcare and government sectors commonly use mobile data protection solutions and services. Consequently, the mobile data protection solutions and services market is projected to grow at a rapid rate in the near future. Increasing necessity to implement new advanced IT solutions with modern user trends across the globe is mainly boosting the demand for mobile data protection solutions and services. This factor is forecasted to drive the market over the forecast period. Furthermore, growth in demand for data protection solutions from the BFSI and IT & telecom industry is anticipated to propel the growth of the market in the near future.

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North America to Grow at Highest Rate in Mobile Data Protection Solutions and Services Market

Geographically, the global mobile data protection solutions and services market has been divided into North America, Europe, Asia Pacific, Latin America and Middle East and Africa. North America is anticipated to be the topmost revenue generating region and grow at significant CAGR during the forecast period owing to the growing focus toward modernizing IT infrastructure and ongoing technological advancements in the region. Product modernization and upgrade of research and development in the region are also expected to increase the growth of the regional market. Large numbers of small and large scale organizations from the region are rapidly investing in mobile data protection solutions and services in order to decrease the occurrences of data loss. Increasing implementation of data protection solutions, growth in the IT industry, growing GDP and rising technological advancements in the region are some of the factors responsible for the growth of the regional market. Asia Pacific is anticipated to witness the highest growth rate over the forecast period owing to the growing adoption of data protection solutions in the IT & telecom as well as BFSI industries due to fraudulent activities, malicious attacks and cyber-attacks.

Market Players

The mobile data protection solutions and services market is consolidated with limited number of manufacturers. The company profiling of key players in the market includes major business strategies, company overview and revenues. The key players of the market are Microsoft Corporation, Cisco Systems, Inc., Hewlett Packard Enterprise, Symantec Corporation, Intel Corporation, McAfee LLC and Check Point Software Technologies Ltd.

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