Middle East & Africa Mobile Encryption Market Size & Outlook
The mobile encryption market in Middle East & Africa is expected to reach a projected revenue of US$ 1,039.6 million by 2030. A compound annual growth rate of 24.6% is expected of Middle East & Africa mobile encryption market from 2024 to 2030.
Revenue, 2023 (US$M)
$223.2
Forecast, 2030 (US$M)
$1,039.6
CAGR, 2024 - 2030
24.6%
Report Coverage
Middle East & Africa
Middle East & Africa mobile encryption market, 2018-2030 (US$M)
Related Markets
MEA mobile encryption market highlights
- The MEA mobile encryption market generated a revenue of USD 223.2 million in 2023.
- The market is expected to grow at a CAGR of 24.6% 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.
- Country-wise, South Africa is expected to register the highest CAGR from 2024 to 2030.
MEA data book summary
| Market revenue in 2023 | USD 223.2 million |
| Market revenue in 2030 | USD 1,039.6 million |
| Growth rate | 24.6% (CAGR from 2023 to 2030) |
| Largest segment | Software |
| Fastest growing segment | Services |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Services, Software |
| Key market players worldwide | BlackBerry 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, MEA region accounted for 6.6% of the global mobile encryption market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 4,051.6 million by 2030.
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Mobile Encryption Market Scope
Mobile encryption market segmentation & scope
Others
Mobile Encryption Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Middle East & Africa 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 63.98% in 2023. Horizon Databook has segmented the Middle East & Africa mobile encryption market based on services, software covering the revenue growth of each sub-segment from 2018 to 2030.
- Middle East & Africa Mobile Encryption Solution Outlook (Revenue, USD Million, 2018-2030)
- Services
- Software
- Middle East & Africa Mobile Encryption Deployment Outlook (Revenue, USD Million, 2018-2030)
- Cloud
- On-premise
- Middle East & Africa Mobile Encryption Enterprise Size Outlook (Revenue, USD Million, 2018-2030)
- Small and medium-sized enterprises
- Large enterprises
- Middle East & Africa 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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Our clientele includes a mix of mobile encryption market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Middle East & Africa mobile encryption market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa mobile encryption market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
MEA mobile encryption market size, by country, 2018-2030 (US$M)
Middle East & Africa Mobile Encryption Market Outlook Share, 2023 & 2030 (US$M)
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