Secure Mobile Communications Market

Secure Mobile Communications Market Outlook (2022-2032)

In 2022, the market for secure mobile communications enjoys a valuation of US$ 14.5 Bn and is estimated to reach a revenue value of US$ 88.78 Bn by the end of 2032. This is because worldwide demand for secure mobile communications is forecasted to surge ahead at an astronomical 19.8% CAGR over the next ten years.

Digitization has become a prominent phenomenon across the world ever since smartphones entered the lives of people, and the world has not been the same ever since. Mobile and wireless technologies have been rapidly advancing and developing in recent years, which has resulted in high demand for secure mobile communication services and solutions.

Military and defense organizations use encrypted cell phones that operate through secure satellite communication to ensure the safety and secrecy of their operations. Growing incidence of cyberattacks, rising concerns among consumers regarding their data security, increasing adoption of the BYOD (bring your own device) trend in enterprises, the growing popularity of IoT devices, advancements in mobile communication technologies, and high internet penetration are other prospects that could potentially drive secure mobile communication demand in the future.

Rising number of digital payments and the growing popularity of digital banking are also expected to fuel market growth over the coming years and significantly influence the demand for encrypted mobile communications in the finance sector.

Contrarily, the high costs of encrypted mobile communication systems and the complex nature of secure mobile communication solutions are expected to impede overall market development potential to some extent.

East Asia and South Asia & Pacific are anticipated to be highly opportune regions for key market players owing to rapid digitization, increasing urbanization, growing sales of smartphones, and rising Internet penetration. Sales of secure mobile communication systems in China are expected to rise at a notable CAGR of 17.2% after the country accounted for 7.8% of the global market share in 2021.

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What Opportunities Could Secure Mobile Communication Companies Capitalize On?

“Deployment of 5G Services and Rising Popularity of IoT Devices”

Mobile communication and mobile technologies have come a long way in recent years and the launch of 5G network services is going to take the world of mobile communication to a whole new level.

The launch of 5G networks across the world is expected to revolutionize the mobile communications industry landscape by opening access to unfathomable speeds and connectivity. While this is an advancement it also poses some serious cybersecurity threats for users of the 5G network, which is expected to provide new opportunities for secure mobile communication solution providers in the future.

Growing adoption of IoT (Internet of Things) devices is also expected to open up new avenues of opportunities for market players as these devices operate on wireless networks and are prone to similar cybersecurity issues as smartphones and other mobile devices.

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How Can Secure Mobile Communication Start-ups Make a Mark in the Global Market?

“New Companies Can Focus on Innovation to Create Unique Security Solutions”

Upcoming secure mobile communication providers are expected to focus on the utilization of advanced technologies such as machine learning (ML), artificial intelligence (AI), biometrics, etc., to create novel security offerings and enhance their market presence over the coming years.

Aspiring secure mobile communication companies are also focusing on raising new capital that is expected to help them advance their business potential and gain a competitive edge over other market players.

• In October 2022, Qunnect, a manufacturer of quantum-secure networking devices announced that it had raised US$ 8 Mn in a Series A funding round that was led by Airbus Ventures. The company plans to bring its first-generation product suite to the market in 2023.

Established companies are also creating new initiatives to provide support for new companies that have the potential to disrupt the secure mobile communications industry landscape.

• In April 2022, Bouygues Telecom, Cellnex, KPN, MTN, Telefónica, and Wind Tre came together to form an alliance called Alaian, which was aimed at stimulating innovation in 5G applications. This alliance selected five start-ups in September 2022 that are being nurtured by the alliance members to disrupt the 5G technology application scope across the world. Transcelestial, Delivers.AI, JET Engineering System Solutions, Deepomatic, and Dimetor are the five start-ups that have been selected.

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Why Should Key Market Players Target the United States?

“Early Adoption of Advanced Wireless Technologies”

The U.S. is home to some of the most renowned technology companies in the world and this is what makes it a highly rewarding market for all types of technologies. The presence of key wireless technology and mobile technology providers in this country promotes the early adoption of advanced technologies and offers new opportunities for secure mobile communication companies.

High investments in the military & defense sector, rising security concerns among smartphone users, and high availability of novel secure mobile communication services and solutions are other key determinants that shape market potential in the United States. In 2021, the demand for secure mobile communications in the U.S. accounted for a major share of 21.2% in the global marketplace.

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Is Investing in the Japanese Market a Smart Choice?

“Rapidly Rising Adoption of 5G Networks in Japan”

Japan is one of the very first countries to launch 5G networks and has always been a leading country for the deployment of novel wireless and mobile technologies, which makes it a highly opportune market for secure mobile communications over the coming years as well.

All the major mobile operators are offering 5G services to their customers and the nation is expected to phase out 4G networks by 2026, which is expected to open up new avenues of possibilities for secure communication providers. The Japan secure mobile communications industry is anticipated to exhibit expansion at a CAGR of 15.8% and held a share of 6.8% in the global landscape in 2021.

How Fast Will Secure Mobile Communications Demand Increase in Germany?

“Market to Surge on Back of Rapid Adoption of IoT Technology in Automotive Industry

The automotive industry has been undergoing some major changes in recent years and this trend has led to a high proliferation of technology in this industry. One of the prominent trends is the deployment of IoT technology in the automotive industry, which is expected to drive demand for secure mobile communications in Germany over the coming years. Since these IoT devices work on wireless and mobile networks they are prone to attacks and data breaches which necessitates the use of secure communication services to safeguard these devices and their users against threats.

Rising demand for better security of mobile networks, growing incidence of data breaches, and implementation of strict mandates to ensure secure mobile communications are other factors that drive market potential in Germany. The market in Germany is predicted to evolve at a 16.8% CAGR from 2022 to 2032.

Category-wise Insights

Which Industry Accounts for a Dominant Market Share?

“Finance Industry Spearheading Secure Mobile Communications Demand”

Based on industry, the market is segmented into services, distribution services, public sector, finance, manufacturing & resources, and infrastructure.

The finance sector has rapidly changed over the past couple of decades with digital payments gaining prominence in recent years, which has mandated a new level of security for financial institutions across the world. Growing incidence of cyberattacks and cyber frauds in the fintech industry are expected to primarily drive the demand for secure mobile communications over the coming years.

In 2021, the finance industry accounted for a commanding market share of 28.3% and is predicted to maintain a similar market share throughout the forecast period. Secure mobile communication demand in the finance industry is forecasted to increase at 17.6% CAGR through 2032.

Sales of secure mobile communication devices in the public sector are anticipated to soar high at an impressive CAGR of 21.6% over the next ten years.

Competitive Landscape

Key secure mobile communication providers are focusing on developing new secure mobile communication solutions through collaborations and partnerships that fast-track the development and launch of these new solutions.

• In August 2022, INVISV, a company operating on the principle of People First Privacy announced the launch of PGPP (Pretty Good Phone Privacy) its new mobile privacy service. A beta version of the new service was rolled out that demonstrates a new end-to-end security level for Android devices and secure mobile communications to protect user data.
• In July 2021, Bittium, a Finnish wireless engineering company partnered with the Canadian Digitally Encrypted Communications Group (DEC) to develop a new digital security platform called DEC secure for individuals across the world. The platform uses always-on VPN and end-to-end encryption to provide worry-free and secure mobile communications, payments, etc. The new platform is intimately integrated with Bittium Tough Mobile™ 2 smartphones.

Companies providing secure mobile communication solutions are also leveraging mergers and acquisitions that help them diversify their offerings and also enhance their market presence on a global scale.

• In September 2022, Route Mobile, a leading cloud communications company is rumored to complete the acquisition of two companies, one based in Europe and the other in India. The European acquisition is expected to help Route launch mobile identity services whereas, the Indian acquisition is slated to help Route Mobile offer voice solutions using ML and AI technologies.

Recent developments related to the key providers of secure mobile communications have been tracked by the analysts at Persistence Market Research, which will be accessible in the full report.

Secure Mobile Communications Industry Report Scope

Key Segments of Secure Mobile Communications Industry Research

By Component:

• Secure Mobile Communication Platforms
• Services
  • Professional Services
  • Managed Services

By Enterprise Size:

• Small Offices (1-9 Employees)
• Small Enterprises (10-99 Employees)
• Medium-sized Enterprises (100-499 Employees)
• Large Enterprises (500-999 Employees)
• Very Large Enterprises (1,000+ Employees)

By Industry:

• Infrastructure
  • Telecommunication
  • Energy & Utilities
  • Building & Construction
• Services
  • IT/Professional Services
  • Consumer & Personal Services
  • Media, Entertainment & Publishing
  • Travel & Hospitality
  • Legal Services
• Distribution Services
  • Retail
  • Wholesales
  • Transportation/Logistics Services
  • Warehousing & Storage
  • Shipping
• Public Sector
  • Government (State/Central)
  • Education
  • Healthcare
  • Aerospace & Defense
  • Non-profit
• Finance
  • Banking
  • Insurance
  • Investment/Securities
• Manufacturing and Resources
  • Discrete Manufacturing
  • Process Manufacturing
  • Resource Industries
  • Agriculture

By Region:

• North America
• Latin America
• Europe
• East Asia
• South Asia & Pacific
• Middle East and Africa (MEA)