The Global Email Encryption Market Growth and Forecast (2021-2025)
The Global Email encryption market is segmented based on, Type (end-to-end encryption, gateway email encryption, hybrid email encryption boundary email encryption and client plugins), Deployment mode (cloud-based and on-premise), Enterprise size (small & medium enterprise and large enterprise), Vertical outlook (BFSI, IT, government, manufacturing, healthcare, telecom, hospitality, others) and based on Geography (APAC, North America, Latin America, Europe, and Rest of the World)
Introduction
Email encryption involves encrypting the content of email messages in order to protect potentially sensitive information from being read by anyone other than intended recipients. Email encryption often includes authentication. Email is a vulnerable medium, particularly when emails are sent over unsecured, or public, Wi-Fi networks. Even emails sent within a secure company network can be intercepted by other users, including your login credentials.
COVID-19 has increased the dependency on online businesses. Vendors have experienced a decrease in demand for email encryption systems, however, phishing and email scams have spiked during the pandemic, forcing businesses to adopt email encryption to protect confidential data stored on email servers.
The rising demand for cloud-based services along with increasing data security concerns and privacy regulations is the key factor driving the growth of the market
Table of Contents
Executive Summary
Scope of the report
Research Methodology
Executive Summary
Introduction
5.1 Parent Market/ TAM
5.2 Market Outline
5.3 Market Segmentation
6.Five Force analysis
7.Market Sizing
8.Market segmentation
9.Geographical Landscape
9.1 APAC
9.2 Europe
9.3 North America
9.4 ROW
10.Growth drivers
10.1 Growth in IT infrastructure
10.2 Stringent regulatory standards and data privacy compliances
11.Key Market Trends
12.Impact of Covid-19
13.Challenges
14.Customer Insights analysis
15.Major Market Players
15.1 Cisco
15.2 Barracuda Networks
15.3 Intemedia
15.4 Virtru
15.5 DeliverySlip
15.6 NeoCertified
15.7 Smarsh
15.8 Cryptzone
15.9 Sendinc
15.10 Paubox
16.Recent Developments
17.Future Scope
18.Strategic Recommendations
Market Overview
The global email encryption market is expected to grow to 10.2 billion by 2025 at a CAGR of 21.9%
The major driving factor of the email encryption market is the rise in cyber-attacks and threats. Government regulations mandate the adoption of encryption across various verticals.
Organizations seek cloud-deployed security solutions to enable cost-effectiveness, rapid deployment, and on-demand access to prevent advanced email threats.
Key Trends
Core industry sectors are keen on automating and digitizing their business processes to streamline business operations.
A significant increase in the usage of email services by corporate organizations and individuals has encouraged consumers to implement email encryption to secure their sensitive data against losses and manipulation.
Key Market Players
The Email encryption market consists of innovative vendors like Cisco, Barracuda Networks, Intemedia, Virtru, DeliverySlip, NeoCertified, Smarsh, Lux Sci, Cryptzone, Sendinc, Paubox, Micro Focus, Mimecast, Egress Software, Clearswift, and others.
Growth Drivers and Challenges
The exponential growth in IT infrastructure has given rise to new and sophisticated threats, such as email-based phishing, trojans, ransomware, BEC scams, and malware, which have put an organization's data at risk, leading to financial losses.
Stringent regulatory standards and data privacy compliances are driving the market.