Email Encryption Market Growth, Industry Demand Increase Lack Of Expertise CAGR And Forecasts To 2027, Market Research Future
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Market Scenario:
Market
Research Future (MRFR) predicts the global Email
Encryption Market Growth to reach USD 6.84
billion at a CAGR of 22.0% from 2019–2024 (forecast period).
Email
encryption is characterized as the process of encrypting email messages with
public and private keys in order to secure sensitive information that can only
be read by the intended recipient. With the rise of cyber-attacks and crimes,
it is important for users to encrypt email conversations in order to secure
potentially sensitive information—login credentials, social security numbers,
and bank account numbers—from hackers, which may result in the loss of a
variety of valuable assets. The encryption makes email content unreadable
during the time it takes for the email to move from its origin to its
destination, protecting the content from any person or hacker.
The
increased use of email for corporate, government, and personal communication
between businesses, individuals, and government agencies has increased the need
for email encryption to secure confidential information from third parties,
unknown sources, or hackers. Furthermore, the growing loss of data, assets, and
information as a result of cyber-attacks and threats such as viruses, malware,
and spam has increased the demand for email encryption among various business
organizations.
COVID-19 Impact on the Global Email Encryption Market
During
this COVID-19 pandemic, even small businesses are gravitating toward working
digitally, as required by regulatory and government bodies in order to maintain
social distance. The increased use of email on home servers has increased the
risk of fraud. The use of digital technologies like Data Loss Prevention, email
authentication, and email encryption has increased globally as a result of the
increased incidence of phishing and email scams in this pandemic. Organizations
have been more proactive in protecting their sensitive data stored on email
servers. Organizations can use email encryption to secure their data, resources,
and confidential information from cyber-attacks.
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Competitive Outlook:
MRFR
recognizes the main players in the global email encryption market as Micro
Focus International PLC (UK), Trend Micro Inc. (Japan), Symantec Corporation
(US), BAE Systems PLC (UK), Cisco Systems, Inc. (US), Sophos Group PLC (UK),
Mimecast Services Limited (US), Proofpoint, Inc. (US), Entrust Datacard
Corporation (US), Egress Software Technologies Ltd (UK), Zix Corporation (US),
and Intermedia.net, Inc. (US).
Segmentation:
The
global email encryption industry has been segmented into type, organization
size, deployment, and vertical.
By
type, the global email encryption market has been segmented into end-to-end
encryption, hybrid encryption, gateway email encryption, boundary email
encryption, and client plugins.
By
organization size, the global email encryption market has been segmented into
large enterprises and SMEs.
By
deployment, the global email encryption market has been segmented into cloud
and on-premise.
By
vertical, the global email encryption market has been segmented into BFSI,
government & defense, IT & telecom, healthcare, manufacturing, retail,
and others.
Regional
Analysis:
By
region, the global email encryption market has been segmented into North
America, Europe, Asia Pacific, and the rest of the world.
Because
of the involvement of key vendors such as Symantec Corporation, Cisco Systems,
Inc., and Proofpoint, Inc., North America has the highest market share. As
these vendors provide a variety of solutions to improve data security, reduce
and prevent cyber-attacks, and ensure business continuity by protecting data
security and privacy for business organizations. Furthermore, the region's
early adoption of email encryption is a primary factor influencing the
development of the email encryption market in North America.
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Table of Contents:
1 Executive
Summary
2 Scope of the
Report
2.1 Market Definition
2.2 Scope of the Study
2.2.1 Research objectives
2.2.2 Assumptions & Limitations
2.3 Markets Structure
Continued….
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