Ultra-Secure Smartphone Market is expected to reach 9.45 billion by 2030

09-Jul-2024

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The growing number of cyber-attacks across the globe, along with the rising penetration of smartphone and internet worldwide drives the growth of the ultra-secure smartphone market.

The global Ultra-Secure Smartphone Market size was valued at USD 2.90 billion in 2023, and is predicted to reach USD 9.45 billion by 2030, with a CAGR of 18.4% from 2024 to 2030.

The growing number of cyberattacks, data breaches, and unauthorized surveillance worldwide drives the demand for smartphones with advanced security features. As stated by the Kaspersky Lab, number of cyberattacks in smartphones hit 33.8 million in 2023, a 50% increase from 2022. The most common threat was adware, making up 40.8% of all detected threats.

This escalating threat landscape underscores the critical importance of device security for both individuals and organizations. Advanced technologies and real-time threat detection are now essential tools in the fight against these growing cyber threats.

Moreover, the rising number of smartphone and internet users globally further drives the demand for ultra-secure smartphones. As stated by the GSM Association, smartphone users reached 7 billion in 2024 and mobile internet users are expected to reach 5 billion by 2025. As more people rely on smartphones for banking, communication, and data storage, the need for advanced encryption to fend off cyber threats grows, bolstering the ultra-secure smartphone market.

However, the high cost of ultra-secure smartphones due to the use of advanced security technologies such as advanced encryption and tamper resistant hardware restrains the market expansion. Consumers prefer budget-friendly smartphones that meet their basic daily needs without the added cost or potential complexity of stringent security measures. 

On the contrary, the integration of blockchain and artificial intelligence (AI) into smartphones is expected to unlock significant growth opportunities for the ultra-secure smartphone market in the near future. These technologies offer advanced security features such as decentralized storage and improved encryption, enhancing data privacy and protection. AI-driven security solutions are also poised to deliver advanced threat detection and mitigation capabilities, making ultra-secure smartphones more appealing in today's digital and interconnected environment.

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According to the report, the key players operating in the ultra-secure smartphone market include Apple Inc., Atos SE, Blackberry Limited, GSMK GmbH, The Boeing Company, Cog System, Slient Circle LLC, Sirin Labs, Ercom SA, and Gryphon Technologies. These companies are adopting various strategies such as product launches to remain dominant in the ultra-secure smartphone market.

For instance, in September 2023, Apple Inc. launched iPhone 15 Pro and iPhone 15 Pro Max which features advanced security measures and robust performance. Through this launch, the company aims to enhance the user experience on portable devices while also enhancing the data privacy and security of the user.

Moreover, in January 2022, Blackberry Limited announced to launch BlackBerry 5G enterprise smartphone designed to cater to the needs of businesses and organizations requiring top-tier security measures. It features ultra-secure data safety features to address the growing concerns around data privacy and cybersecurity in enterprise environments.

Key Insights from the Ultra-Secure Smartphone Market Report:

  • The information related to key drivers, restraints, and opportunities and their impact on the ultra-secure smartphone market is provided in the report.

  • The value chain analysis in the market study provides a clear picture of the roles of each stakeholder.

  • The market share of the players in the global ultra-secure smartphone market along with their competitive analysis are provided in the report.

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