Global Email Encryption Market Size, Share, Trends, Demand, Growth and Competitive Analysis 2030
The recent analytical report published by Markntel Advisors (a leading consulting, data analytics, and market research firm), Market comprises a detailed study of critical and major aspects of market dynamics, i.e. market trends, size, forecasts, growth factors, challenges, and competitor landscape.
In-Depth Market Overview of Global
Email Encryption Market Industry (2024-2030):
According
to the latest report, the Global Email
Encryption Market size
was valued at around 5.5 billion in 2023 and is estimated to grow at a CAGR of
around 18.5% during the forecast period, i.e., 2024-30. The
report demonstrates the prominent factors propelling the exponential growth of
the Email Encryption Market.
Key Takeaways: Beneficial for Stakeholders and Clients
·
Historic Period: 2019-2022
·
Base year: 2023
·
Forecast Years: 2024-2030
·
CAGR (2024-30): 18.5%
·
Market Value (2023): USD 5.5 billion
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to get the latest research data with forecasts for the years 2025 to 2030,
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What are the major Driver
the Global Email Encryption Market
industry?
Rising Incidents of Global 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.
Global Email Encryption Market Segmentation
The Email
Encryption Market analysis of MarkNtel Advisors explores the industry by
emphasizing the growth parameters and categorizes including geographical
segmentation, to offer a comprehensive understanding of the market dynamic. The
further bifurcations are as follows:
- 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)
- By Region
- North America
- South America
- Europe
- The Middle East & Africa
- Asia Pacific
As per the regional aspect, the Email Encryption Market is expected to be dominated by the North America by capturing the potential market share.
Explore further
details about this research report-
https://www.marknteladvisors.com/research-library/email-encryption-market.html
Top
Companies in the Global Email Encryption Market
BAE Systems, Fortinet, Mimecast, Cisco, Proofpoint, Zoho, Broadcom, Open Text, Barracuda Networks, Thales, Sophos, HPE, Trend Micro, Fortra, Seclore and Others
Global
Email Encryption Industry Recent Development:
- April 2023: Barracuda Networks, Inc. has entered into a strategic distribution agreement with Ingram Micro to enhance its footprint in the Gulf region. This collaboration aims to grant resellers in the UAE, Kuwait, Qatar, Oman, Bahrain, Yemen, and Pakistan access to Barracuda's advanced cybersecurity solutions.
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accurate demand forecasting, competitor identification, and meticulous pricing
trend monitoring.
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