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Market OverviewAccording to the analysis by Market Research Future (MRFR) the global email encryption market is slated to reach a market valuation of USD 6.84 billion by 2024, recording a substantial CAGR of 22.0% during the review period (2019–2024).
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Drivers and Restraints
The global market for email encryption is driven by several factors such as the growing utilization of emails for government, corporate, and personal communication between individuals business, or government agencies has improved the demand for email encryption to protect sensitive information from any unidentified, third party sources, or hackers. Moreover, the growing loss of assets, data, and information owing to cyber attacks and threats including malware, viruses, and spam has also risen the requirement of email encryption among numerous business organizations.
Competitive Landscape
The major market players of the global email encryption market identified by MRFR include BAE Systems PLC (UK), Cisco Systems, Inc. (US), Egress Software Technologies Ltd (UK), Entrust Datacard Corporation (US), Intermedia.net, Inc.(the US), Micro Focus International PLC (UK), Mimecast Services Limited (US), Proofpoint, Inc. (US), Sophos Group PLC (UK), Symantec Corporation (US), Trend Micro Inc. (Japan), and Zix Corporation (US).
Segmental Analysis
The global Email Encryption Market is segmented on the basis of type, deployment, organization size, and vertical.
Based on the type, the market has been segmented boundary email encryption, client plugins, end-to-end encryption, gateway email encryption, and hybrid encryption. Based on deployment, the market has been bifurcated into the cloud and on-premise. The organization sizes present in the market are large enterprises, and small and medium enterprises (SMEs). The industry verticals that majorly adopt email encryption include BFSI, IT & telecom, government & defense, healthcare, retail, manufacturing, and others.
Industry News
April 2019: Google, one of the largest global tech giants, added a new security feature, SMTP MTA Strict Transport Security (MTA-STS), which used modern transport encryption to ensure incoming messages for a valid certificate.
April 2019: AppRiver, a Zix enterprise and significant provider of cloud-based cybersecurity, announced the availability of ZixEncrypt for all its partners. ZixEncrypt is a next-generation email encryption platform by Zix.
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Regional Analysis
On the basis of region, the global email encryption market is segmented into Europe, Asia Pacific, North America, and the rest of the world (RoW).
North America accounts for the largest regional market for email encryption and is likely to retain its dominance in terms of value, over the forecast period. This significant growth is attributed to several factors such as the presence of major market players which maintain the severe competitive scenario in North America. Moreover, the early adoption of ground-breaking technologies, the established It and telecommunications industry, along with the availability of funding for research and development activities, are expected to drive the North American email encryption market over the review period.
The Asia Pacific market for email encryption is poised to grow at a the fastet growt rate over the forecast period, owing to the growing business opportunities in the region which is attracting foreign investment at a higher pace, especially from global market players focusing on the expansion of their comoanies. This is expected to contribute towards the email encryption market in the asia pacific market over the review period.
Europe is a significant regional market for email encryption in terms of value, and is slated to reach a substantial market share over the assessment period. The growth of the market in the region is driven by the established IT and telecommunications industry as well as the presence of major market players that boosts the market in Europe, especially in successful countries such as Germany, France, and the UK, among others.
LIST OF TABLES
Table1 Global Email Encryption Market, By Country, 2019-2024
Table2 North America: Email Encryption Market, By Country, 2019–2024
Table3 Europe: Email Encryption Market, By Country, 2019–2024
Table4 Asia-Pacific: Email Encryption Market, By Country, 2019–2024
Table5 Latin America: Email Encryption Market, By Country, 2019–2024
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LIST OF FIGURES
Figure 1 Global Email Encryption Market Segmentation
Figure 2 Forecast Methodology
Figure 3 Porter’s Five Forces Analysis Of Global Email Encryption Market
Figure 4 Value Chain Of Global Email Encryption Market
Figure 5 Share Of Email Encryption Market In 2019, By Country (In %)
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