South Korea Mobile Encryption Market Size & Outlook

The mobile encryption market in South Korea is expected to reach a projected revenue of US$ 421.8 million by 2030. A compound annual growth rate of 28.5% is expected of South Korea mobile encryption market from 2024 to 2030.
Revenue, 2023 (US$M)
$72.9
Forecast, 2030 (US$M)
$421.8
CAGR, 2024 - 2030
28.5%
Report Coverage
South Korea

South Korea mobile encryption market highlights

  • The South Korea mobile encryption market generated a revenue of USD 72.9 million in 2023 and is expected to reach USD 421.8 million by 2030.
  • The South Korea market is expected to grow at a CAGR of 28.5% 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 72.9 million
Market revenue in 2030USD 421.8 million
Growth rate28.5% (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, South Korea accounted for 2.2% 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

South Korea 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 65.02% in 2023. Horizon Databook has segmented the South Korea mobile encryption market based on services, software covering the revenue growth of each sub-segment from 2018 to 2030.


  • South Korea Mobile Encryption Solution Outlook (Revenue, USD Million, 2018-2030)
    • Services
    • Software
  • South Korea Mobile Encryption Deployment Outlook (Revenue, USD Million, 2018-2030)
    • Cloud
    • On-premise
  • South Korea Mobile Encryption Enterprise Size Outlook (Revenue, USD Million, 2018-2030)
    • Small and medium-sized enterprises
    • Large enterprises
  • South Korea 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 South Korea 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.).
  • The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.

Horizon Databook provides a detailed overview of country-level data and insights on the South Korea mobile encryption market , including forecasts for subscribers. This country databook contains high-level insights into South Korea mobile encryption market from 2018 to 2030, including revenue numbers, major trends, and company profiles.

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

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

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

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