Email Encryption Market: Global Market Estimation, Dynamics, Trends, Competitor Analysis 2015-2020 and Forecast 2021-2027

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Global Email Encryption Market: By Type (End-To-End Email Encryption, Gateway Email Encryption, Boundary Email Encryption, Hybrid Email Encryption and Client Plugins), By Component (Solution and Services), By Deployment Mode (Cloud and On-Premises), By Organization Size (Large Enterprises and Small & Medium-Sized Enterprises), By End User (Government and Defense, Healthcare, Banking, Financial Services and Insurance, IT and Telecom, Manufacturing, Retail, Energy and Utilities and Others)  and Geography

 

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Report

Description

The global email encryption market size was valued USD 3.5 billion in 2020 to USD 12.1 billion by 2027, at a Compound Annual Growth Rate (CAGR) of 23.4% during the forecast period. Some of the key factors influencing the market growth include increasing adoption of technology in the government and defense sector, rise in business email compromise scams and spear phishing, growing demand for cloud-based services, advancements in mobile technology in terms of hardware and software, growing penetration of mobile devices across organizations and government stringent policies. However, high costs of email encryption systems, intense competition and presence of numerous unskilled local players are major factors inhibiting the market growth. Email encryption encrypts data with the use of an encryption key, ensuring the security of information that must be conveyed by email. Sensitive information can be obtained by unidentified parties due to a rise in email usage for corporate as well as personal contact among individuals. This has prompted companies to use email encryption software to protect their data from theft and loss. Furthermore, these solutions aid in the prevention of cyber-threats and attacks such as spam, malware, viruses, Business Email Compromise (BEC) attacks, zero-hour malware, and other incursions that may compromise vital company data and infrastructure.

Email Encryption Market

MARKET SUMMARY
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23.4%
  • Study Period– 2021 – 2027
  • Base Year– 2020
  • CAGR– 23.4%
  • Largest Market– North America
  • Fastest Growing Market– Asia-Pacific

Email Encryption Market

  • Global email encryption market report gives comprehensive outlook on email encryption across the globe with special emphasis on key regions such as North America, Europe, Asia Pacific, Latin America, and Middle East and Africa.
  • The report on global email encryption market gives historical, current, and future market sizes (US$ Bn) on the basis of type, component, deployment mode, organization size, end user and region.
  • This report studies global email encryption market dynamics elaborately to identify the current trends & drivers, future opportunities and possible challenges to the key stakeholders operating in the market.
  • Key stakeholders of the global email encryption market report include suppliers, manufacturers, marketers, policy makers, and healthcare service providers engaged in global email encryption products.
Market Key Players
  • Micro Focus
  • Symantech
  • Cisco
  • Trend Micro
  • Sophos
  • BAE Systems
  • Zix
  • Mimecast
Growth

Email Encryption Market

Email is a vital business tool for sending and receiving even the most confidential messages. Yet any time one send sensitive information over the Internet, expose oneself to the risk of a data breach. Organizations want extra security but without the burden of extra overhead. Business email compromise (BEC) scams are not going away anytime soon. For such a relatively low-tech type of financial fraud, it has proved to be a high-yield and lucrative enterprise for scammers. Business Email Compromise (BEC) is an exploit in which an attacker obtains access to a business email account and imitates the owner’s identity, in order to defraud the company and its employees, customers or partners. Email encryption software attempts to thwart risks posed by network eavesdroppers. By default, email is generally unprotected by protocols such as SSL/TLS, and it is transmitted in plain text across local networks and the Internet. As a result, the contents of email messages, as well as their attachments, can be intercepted and read by an attacker en route between sender and recipient (to say nothing of archived email stored on a server).


North-America Got Significant Share

Email Encryption Market

North America accounted for larger revenue share in global email encryption market with considerable CAGR. The growth in this region can be attributed to quick acceptance of email encryption and the existence of numerous vendors that provide email encryption solutions. In addition, Asia Pacific held considerable market share during estimated period owing to rising penetration of IoT, cloud services, and BYOD. Also, China and India are the main contributors for the market growth in this region.

Latin America
Latin-America
North-America
North-America
Europe
Europe
Asia Pacific
Asia-Pacific
Middle East
Middle East

Key

Key Findings of the Report

  • Global email encryption market expanding at significant CAGR over 2021 to 2027 owing increasing adoption of technology in the government and defense sector
  • Based on type, gateway email encryption segment accounted for larger market revenue share in 2020 and projected gain market revenue share over the forecast period
  • Players focusing on innovation of newer products and collaboration strategies to retain market position in global email encryption market

Key

Key Features of the Report

Email Encryption Market Segmentation


Location

GEOGRAPHY


Report

Table Of Content


Report

Company Profile

  • Micro Focus (UK)
  • Symantech (US)
  • Cisco (US)
  • Trend Micro (Japan)
  • Sophos (UK)
  • BAE Systems (UK)
  • Zix (US)
  • Mimecast (UK)
  • Egress Software (UK)
  • Lux Sci (US)
  • Cryptzone (US)

Description

The global email encryption market size was valued USD 3.5 billion in 2020 to USD 12.1 billion by 2027, at a Compound Annual Growth Rate (CAGR) of 23.4% during the forecast period. Some of the key factors influencing the market growth include increasing adoption of technology in the government and defense sector, rise in business email compromise scams and spear phishing, growing demand for cloud-based services, advancements in mobile technology in terms of hardware and software, growing penetration of mobile devices across organizations and government stringent policies. However, high costs of email encryption systems, intense competition and presence of numerous unskilled local players are major factors inhibiting the market growth. Email encryption encrypts data with the use of an encryption key, ensuring the security of information that must be conveyed by email. Sensitive information can be obtained by unidentified parties due to a rise in email usage for corporate as well as personal contact among individuals. This has prompted companies to use email encryption software to protect their data from theft and loss. Furthermore, these solutions aid in the prevention of cyber-threats and attacks such as spam, malware, viruses, Business Email Compromise (BEC) attacks, zero-hour malware, and other incursions that may compromise vital company data and infrastructure.

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