According to MarkNtel Advisors who is a leading consulting, data analytics, and market research firm that provides an extensive range of strategic reports on diverse industry verticals. Recently released a report on Email Encryption Market - Industry Trends and Forecast to 2030 and provides a comprehensive analysis of the current and future market conditions. The market research insights offered in this report enhance understanding of the market landscape, potential challenges, and strategies to establish a strong brand presence. With detailed market segmentation, in-depth analysis of key players, examination of consumer and supply chain trends, and exploration of new geographic markets, the insights presented in this report simplify the effective marketing of products and services.
Global Email Encryption Market Analysis and Size
The Global Email Encryption Market size was valued at around 5.5 billion in 2023 and is estimated to grow at a CAGR of around 18.5% during the forecast period, i.e., 2024-30.
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Some of the major players operating in the Email Encryption Market are BAE Systems, Fortinet, Mimecast, Cisco, Proofpoint, Zoho, Broadcom, Open Text, Barracuda Networks, Thales, Sophos, HPE, Trend Micro, Fortra, Seclore and Others.
Email Encryption Market Growth Driver:
Rising Incidents of Email Data Breaches Extensive Use of Emails to Infuse the Market Growth – A key driver propelling the expansion of the Email Encryption Market is the escalating occurrence of email data breaches, posing substantial risks to the confidentiality security of personal and business data. According to Statista reports, the global email subscriber count reached approximately 4.26 billion in 2022 and is anticipated to rise to nearly 4.73 billion by 2026.
Given its widespread adoption, email remains a significant cybersecurity vulnerability, with about 94% of malware transmitted through email in 2021, as reported by Egress. Email encryption acts as a preventive measure, protecting email content and attachments from unauthorized access or manipulation, thereby mitigating potential losses.
Additionally, email is a common mode of communication for sharing information with customers, businesses, and partners. Despite the growing use of social media channels such as LinkedIn, Facebook, Twitter, and Google+, emails remain a reliable form of corporate communication. As a result, these factors are expected to drive Email Encryption Market growth throughout the forecast period.
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Market Segment and Geographical Analysis
By Component
- Solution- Market Size Forecast 2019-2030, (USD Million)
- Services- Market Size Forecast 2019-2030, (USD Million)
By Deployment
- On Premises- Market Size Forecast 2019-2030, (USD Million)
- Cloud - Market Size Forecast 2019-2030, (USD Million)
By End Users
- BFSI- Market Size Forecast 2019-2030, (USD Million)
- Healthcare- Market Size Forecast 2019-2030, (USD Million)
- Government Defense- Market Size Forecast 2019-2030, (USD Million)
- IT ITeS- Market Size Forecast 2019-2030, (USD Million)
- Telecom- Market Size Forecast 2019-2030, (USD Million)
- Retail- Market Size Forecast 2019-2030, (USD Million)
- Ecommerce - Market Size Forecast 2019-2030, (USD Million)
- Others
By Type
- End-To-End Email Encryption- Market Size Forecast 2019-2030, (USD Million)
- Gateway Email Encryption- Market Size Forecast 2019-2030, (USD Million)
- Hybrid Email Encryption- Market Size Forecast 2019-2030, (USD Million)
By Enterprise Size
- Large Enterprise - Market Size Forecast 2019-2030, (USD Million)
- Medium Small Enterprise- Market Size Forecast 2019-2030, (USD Million)
By Region
- North America
- South America
- Europe
- The Middle East Africa
- Asia Pacific
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