India Mobile Encryption Market Size & Outlook, 2023-2030

The mobile encryption market in India is expected to reach a projected revenue of US$ 1,000.3 million by 2030. A compound annual growth rate of 31.1% is expected of India mobile encryption market from 2024 to 2030.
Revenue, 2023 (US$M)
$150.6
Forecast, 2030 (US$M)
$1,000.3
CAGR, 2024 - 2030
31.1%
Report Coverage
India

India mobile encryption market highlights

  • The India mobile encryption market generated a revenue of USD 150.6 million in 2023 and is expected to reach USD 1,000.3 million by 2030.
  • The India market is expected to grow at a CAGR of 31.1% from 2024 to 2030.
  • In terms of segment, software was the largest revenue generating solution in 2023.
  • Services is the most lucrative solution segment registering the fastest growth during the forecast period.

Mobile encryption market data book summary

Market revenue in 2023USD 150.6 million
Market revenue in 2030USD 1,000.3 million
Growth rate31.1% (CAGR from 2023 to 2030)
Largest segmentSoftware
Fastest growing segmentServices
Historical data2018 - 2022
Base year2023
Forecast period2024 - 2030
Quantitative unitsRevenue in USD million
Market segmentationServices, Software
Key market players worldwideBlackBerry Ltd, Broadcom Inc, McAfee, International Business Machines Corp, Thales Group, Cisco Systems Inc, Microsoft Corp, Lookout, Cellebrite DI Ltd, Sophos, Amazon.com Inc

Other key industry trends

  • In terms of revenue, India accounted for 4.5% of the global mobile encryption market in 2023.
  • Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
  • In Asia Pacific, China mobile encryption market is projected to lead the regional market in terms of revenue in 2030.
  • India is the fastest growing regional market in Asia Pacific and is projected to reach USD 1,000.3 million by 2030.

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Mobile Encryption Market Companies

Name Profile # Employees HQ Website

India mobile encryption market outlook

The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to mobile encryption market will help companies and investors design strategic landscapes.


Software was the largest segment with a revenue share of 65.8% in 2023. Horizon Databook has segmented the India mobile encryption market based on services, software covering the revenue growth of each sub-segment from 2018 to 2030.


  • India Mobile Encryption Solution Outlook (Revenue, USD Million, 2018-2030)
    • Services
    • Software
  • India Mobile Encryption Deployment Outlook (Revenue, USD Million, 2018-2030)
    • Cloud
    • On-premise
  • India Mobile Encryption Enterprise Size Outlook (Revenue, USD Million, 2018-2030)
    • Small and medium-sized enterprises
    • Large enterprises
  • India Mobile Encryption Vertical Outlook (Revenue, USD Million, 2018-2030)
    • BFSI
    • Telecom and IT
    • Retail
    • Healthcare
    • Education
    • Transportation and Logistics
    • Manufacturing
    • Government
    • Others

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Target buyers of India mobile encryption market databook

  • Our clientele includes a mix of mobile encryption market companies, investment firms, advisory firms & academic institutions.
  • 30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
  • Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of country-level data and insights on the India mobile encryption market , including forecasts for subscribers. This country databook contains high-level insights into India mobile encryption market from 2018 to 2030, including revenue numbers, major trends, and company profiles.

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India mobile encryption market size, by solution, 2018-2030 (US$M)

India Mobile Encryption Market Outlook Share, 2023 & 2030 (US$M)

India mobile encryption market size, by solution, 2018-2030 (US$M)

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