In-Depth Analysis of the Global Email Encryption Market: 2024-2030 Forecasts
MarkNtel Advisors has recently released an in-depth study on the Email Encryption Market, covering historical data, current market trends, marketing strategies, technological advancements, upcoming technologies, emerging opportunities, and technical advancements in the relevant industry.
How big is the Email Encryption Industry?
The Global Email Encryption Market was valued at USD 5.5 billion in 2023 and it is estimated to grow at a CAGR of about 18.5% during the forecast period, i.e., 2024-30.
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Who are the top players in the Email Encryption Market?
- BAE Systems
- Fortinet
- Mimecast
- Cisco
- Proofpoint
- Zoho
- Broadcom
- Open Text
- Barracuda Networks
- Thales
- Sophos
- HPE
- Trend Micro
- Fortra
- Seclore
- Others
Global Email Encryption Market Segmentation:
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)
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Regional/ Countries Insight:
- North America
- South America
- Europe
- The Middle East & Africa
- Asia-Pacific
What are the primary market drivers influencing the growth of Email Encryption Market?
Global Email Encryption Market 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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Gain a Competitive Edge with Market Research Report
- The Global Email Encryption Market Report by MarkNtel Advisors offers a detailed analysis of the market size, growth rate, competitive landscape, and key players, allowing businesses to gain a comprehensive understanding of market dynamics.
- Businesses can utilize the report to identify emerging opportunities and potential challenges in the market by highlighting current trends and providing future projections.
- The insights provided in the report enable companies to align their strategies based on market forecasts, ensuring they can stay ahead of the competition and make informed decisions.
- Apart from market trends and projections, the Global Email Encryption Market Report assists in assessing and mitigating risks associated with entering or operating in the market
- By understanding market dynamics, regulatory frameworks, and potential challenges, businesses can develop strategic approaches to minimize risks and optimize their operations, enhancing their competitive edge in the market.
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