Anti-Theft and Data Encryption are the two sub-segments of the worldwide smartphone security industry. In 2020, the Data Encryption sector accounted for the biggest percentage market share. Encryption is a safe method of locking a device using passwords and other similar methods. Due to the prevalence of mobile phone theft and loss, it is essential to encrypt sensitive and private data on the device. Only around a fifth of smartphone owners, though, used encryption to protect their gadgets. Therefore, during the forecast period, this key factor will propel the expansion of the smartphone security market.
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