Global Email Encryption Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2028
“Global Email Encryption Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2028” is a recent report generated by MarketResearch.biz. The global email encryption market report has been segmented on the basis of type, deployment mode, industry vertical, and region.
Global Email Encryption Market: Overview
Encryption is one the data security solutions to protects confidential data from being accessed by unauthorized users. Rising adoption of encryption methods by various organizations in order to protect sensitive data. Email encryption encrypts data by using encryption key to secure information that communicated through emails. These solutions help organizations to prevent cyber-threats and attacks such as spams, malware, viruses, business email compromise (BEC) attacks, zero-hour malware, and other intrusions that may affect organizations.
Global Email Encryption Market: Dynamics
Rising adoption of Bring Your Own Device (BYOD) trend across various organizations, stringent regulations, and development of cloud-based encryption solution are some major factors expected to drive growth of the global market over the forecast period.
In addition, rising data security concerns, increasing demand for cloud-based services, privacy regulations are some other factors expected to further fuel growth of the target market over the forecast period.
Moreover, increasing number of startups or small companies coupled with rising adoption of cloud-based services as compared to large enterprises is another factor expected to propel growth of the target market over the forecast period.
However, higher cost of encryption solutions and need of key management are major factors expected to restrain growth of the global market over the forecast period.
Ongoing trend observed in the target market is rising organizations preference towards adoption of cloud-based services is expected to further support growth of the target market over the forecast period.
Increasing research and development activities for the development of advanced technology and data security concern among various industries are expected to create potential revenue opportunities for players operating in the target market over the forecast period.
Global Email Encryption Market: Segment Analysis
Among the deployment mode segments, the cloud deployment mode segment is expected to register highest CAGR during the forecast period as it helps to reduce overall costs, and provide flexible and scalable access to email encryption solution through IT infrastructures
Among the industry vertical segments, the BFSI industry vertical segment is expected to register highest market share in the global market over the forecast period as it deals with large volume of sensitive and private financial data.
Global Email Encryption Market: Regional Analysis
The market in North America is expected to account for highest market share in the global market over the forecast period, owing to early adoption of email encryption and presence of several vendors that provide email encryption solutions across various countries in this region. In addition, increasing implementation of email encryption solution for data security, preventing cyber-attacks, and ensuring security and privacy of data across various industries in this region.
The market in Asia Pacific is expected to register significant share in terms of revenue over the forecast period, owing to increase in demand for advanced e-mail encryption technologies and low-cost cloud-based services across various countries in this region.
Global Email Encryption Market Segmentation:
Segmentation by type:
- End-To-End Email Encryption
- Gateway Email Encryption
- Boundary Email Encryption
- Hybrid Email Encryption
- Client Plugins
Segmentation by deployment mode:
Segmentation by industry vertical:
- IT and Telecom
- Others (Education, Media & entertainment, Manufacturing, and Retail)
Segmentation by region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Particular Scope Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Actual Year 2019 Estimated Year 2020 Forecast Period 2020–2029 Revenue in US$
- Micro Focus International plc
- Symantec Corporation
- Cisco Systems Inc.
- Trend Micro Incorporated
- Sophos Ltd.
- Proofpoint, Inc.
- BAE Systems plc
- Zix Corporation
- Entrust Datacard Corporation
- Mimecast Limited
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