Email Encryption Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
Description
Email Encryption Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
Market Overview:
The global email encryption market size reached US$ 2.5 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 9.9 Billion by 2028, exhibiting a growth rate (CAGR) of 26.08% during 2023-2028.
Email encryption refers to the authentication mechanism of encoding and disguising the contents of an email to protect it from unauthorized access. Email is an extremely vulnerable mode of communication that can be hacked over unsecured or public networks. Encryption is one of the primary data security solutions in the present times. It secures the contents of the email by making them unreadable as they get transferred over networks. The methodology primarily depends on cryptography wherein the user publishes a key to decrypt the message. Email encryption is an essential tool for both organizations and individuals as it prevents the access of important and confidential data by unintended users.
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. Furthermore, frequent instances of phishing and spam emails are also positively influencing the market. With a significant increase in the usage of email services by corporate organizations and individuals, the probability of unauthorized and unidentified sources accessing the content has increased. This has encouraged consumers to implement email encryption to secure their sensitive data against losses and manipulation. Additionally, it also prevents cyber threats and attacks through malware, spam, viruses, Business Email Compromise (BEC) and other intrusions that expose sensitive enterprise information. Moreover, the thriving banking, financial services, and insurance (BFSI) and healthcare industries are also driving the market growth. The organizations within these industries now store their data on the cloud and operate on the pay-per-use model of the encryption service. This provides flexibility and scalability to accommodate the diverse needs of organizations and reduces the dependence on the internal IT personnel along with licensing and maintenance costs for the user.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global email encryption market report, along with forecasts at the global and regional level from 2023-2028. Our report has categorized the market based on encryption type, deployment type, component, end-user and organization size.
Breakup by Encryption Type:
End-To-End Email Encryption
Gateway Email Encryption
Boundary Email Encryption
Hybrid Email Encryption
Client Plugins
Breakup by Deployment Type:
On-Premise
Cloud Based
Breakup by Component:
Solution
Service
Training and Education
Support and Maintenance
Breakup by End-User:
BFSI
Healthcare
Government
IT & Telecom
Others
Breakup by Organization Size:
Small and Medium Size Organizations
Large Size Organizations
Breakup by Region:
North America
Asia Pacific
Europe
Middle East and Africa
Latin America
Competitive Landscape:
The report has also analyzed the competitive landscape of the market with some of the key players being Cisco Systems, Proofpoint, Symantec, Trend Micro, Zix, Cryptzone, DataMotion, Echoworx, Egress Software Technologies, Entrust, Greenview Data, HPE, McAfee, Microsoft, Sophos, Virtru, WatchGuard Technologies, etc.
Key Questions Answered in This Report:
What was the size of the global email encryption market in 2022?
What is the expected growth rate of the global email encryption market during 2023-2028?
What are the key factors driving the global email encryption market?
What has been the impact of COVID-19 on the global email encryption market?
What is the breakup of the global email encryption market based on the encryption type?
What is the breakup of the global email encryption market based on the deployment type?
What is the breakup of the global email encryption market based on the component?
What is the breakup of the global email encryption market based on the end-user?
What is the breakup of the global email encryption market based on the organization size?
What are the key regions in the global email encryption market?
Who are the key players/companies in the global email encryption market?
Market Overview:
The global email encryption market size reached US$ 2.5 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 9.9 Billion by 2028, exhibiting a growth rate (CAGR) of 26.08% during 2023-2028.
Email encryption refers to the authentication mechanism of encoding and disguising the contents of an email to protect it from unauthorized access. Email is an extremely vulnerable mode of communication that can be hacked over unsecured or public networks. Encryption is one of the primary data security solutions in the present times. It secures the contents of the email by making them unreadable as they get transferred over networks. The methodology primarily depends on cryptography wherein the user publishes a key to decrypt the message. Email encryption is an essential tool for both organizations and individuals as it prevents the access of important and confidential data by unintended users.
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. Furthermore, frequent instances of phishing and spam emails are also positively influencing the market. With a significant increase in the usage of email services by corporate organizations and individuals, the probability of unauthorized and unidentified sources accessing the content has increased. This has encouraged consumers to implement email encryption to secure their sensitive data against losses and manipulation. Additionally, it also prevents cyber threats and attacks through malware, spam, viruses, Business Email Compromise (BEC) and other intrusions that expose sensitive enterprise information. Moreover, the thriving banking, financial services, and insurance (BFSI) and healthcare industries are also driving the market growth. The organizations within these industries now store their data on the cloud and operate on the pay-per-use model of the encryption service. This provides flexibility and scalability to accommodate the diverse needs of organizations and reduces the dependence on the internal IT personnel along with licensing and maintenance costs for the user.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global email encryption market report, along with forecasts at the global and regional level from 2023-2028. Our report has categorized the market based on encryption type, deployment type, component, end-user and organization size.
Breakup by Encryption Type:
End-To-End Email Encryption
Gateway Email Encryption
Boundary Email Encryption
Hybrid Email Encryption
Client Plugins
Breakup by Deployment Type:
On-Premise
Cloud Based
Breakup by Component:
Solution
Service
Training and Education
Support and Maintenance
Breakup by End-User:
BFSI
Healthcare
Government
IT & Telecom
Others
Breakup by Organization Size:
Small and Medium Size Organizations
Large Size Organizations
Breakup by Region:
North America
Asia Pacific
Europe
Middle East and Africa
Latin America
Competitive Landscape:
The report has also analyzed the competitive landscape of the market with some of the key players being Cisco Systems, Proofpoint, Symantec, Trend Micro, Zix, Cryptzone, DataMotion, Echoworx, Egress Software Technologies, Entrust, Greenview Data, HPE, McAfee, Microsoft, Sophos, Virtru, WatchGuard Technologies, etc.
Key Questions Answered in This Report:
What was the size of the global email encryption market in 2022?
What is the expected growth rate of the global email encryption market during 2023-2028?
What are the key factors driving the global email encryption market?
What has been the impact of COVID-19 on the global email encryption market?
What is the breakup of the global email encryption market based on the encryption type?
What is the breakup of the global email encryption market based on the deployment type?
What is the breakup of the global email encryption market based on the component?
What is the breakup of the global email encryption market based on the end-user?
What is the breakup of the global email encryption market based on the organization size?
What are the key regions in the global email encryption market?
Who are the key players/companies in the global email encryption market?
Table of Contents
109 Pages
- 1 Preface
- 2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
- 2.5 Forecasting Methodology
- 3 Executive Summary
- 4 Introduction
- 4.1 Overview
- 4.2 Key Industry Trends
- 5 Global Email Encryption Market
- 5.1 Market Overview
- 5.2 Market Performance
- 5.3 Impact of COVID-19
- 5.4 Market Breakup by Encryption Type
- 5.5 Market Breakup by Deployment Type
- 5.6 Market Breakup by Component
- 5.7 Market Breakup by End-User
- 5.8 Market Breakup by Organization Size
- 5.9 Market Breakup by Region
- 5.10 Market Forecast
- 6 Market Breakup by Encryption Type
- 6.1 End-To-End Email Encryption
- 6.1.1 Market Trends
- 6.1.2 Market Forecast
- 6.2 Gateway Email Encryption
- 6.2.1 Market Trends
- 6.2.2 Market Forecast
- 6.3 Boundary Email Encryption
- 6.3.1 Market Trends
- 6.3.2 Market Forecast
- 6.4 Hybrid Email Encryption
- 6.4.1 Market Trends
- 6.4.2 Market Forecast
- 6.5 Client Plugins
- 6.5.1 Market Trends
- 6.5.2 Market Forecast
- 7 Market Breakup by Deployment Type
- 7.1 On-Premise
- 7.1.1 Market Trends
- 7.1.2 Market Forecast
- 7.2 Cloud Based
- 7.2.1 Market Trends
- 7.2.2 Market Forecast
- 8 Market Breakup by Component
- 8.1 Solution
- 8.1.1 Market Trends
- 8.1.2 Market Forecast
- 8.2 Service
- 8.2.1 Market Trends
- 8.2.2 Major Types
- 8.2.2.1 Training and Education
- 8.2.2.2 Support and Maintenance
- 8.2.3 Market Forecast
- 9 Market Breakup by End-User
- 9.1 BFSI
- 9.1.1 Market Trends
- 9.1.2 Market Forecast
- 9.2 Healthcare
- 9.2.1 Market Trends
- 9.2.2 Market Forecast
- 9.3 Government
- 9.3.1 Market Trends
- 9.3.2 Market Forecast
- 9.4 IT & Telecom
- 9.4.1 Market Trends
- 9.4.2 Market Forecast
- 9.5 Others
- 9.5.1 Market Trends
- 9.5.2 Market Forecast
- 10 Market Breakup by Organization Size
- 10.1 Small and Medium Size Organizations
- 10.1.1 Market Trends
- 10.1.2 Market Forecast
- 10.2 Large Size Organizations
- 10.2.1 Market Trends
- 10.2.2 Market Forecast
- 11 Market Breakup by Region
- 11.1 North America
- 11.1.1 Market Trends
- 11.1.2 Market Forecast
- 11.2 Asia Pacific
- 11.2.1 Market Trends
- 11.2.2 Market Forecast
- 11.3 Europe
- 11.3.1 Market Trends
- 11.3.2 Market Forecast
- 11.4 Middle East and Africa
- 11.4.1 Market Trends
- 11.4.2 Market Forecast
- 11.5 Latin America
- 11.5.1 Market Trends
- 11.5.2 Market Forecast
- 12 SWOT Analysis
- 12.1 Overview
- 12.2 Strengths
- 12.3 Weaknesses
- 12.4 Opportunities
- 12.5 Threats
- 13 Value Chain Analysis
- 14 Porter’s Five Forces Analysis
- 14.1 Overview
- 14.2 Bargaining Power of Buyers
- 14.3 Bargaining Power of Suppliers
- 14.4 Degree of Competition
- 14.5 Threat of New Entrants
- 14.6 Threat of Substitutes
- 15 Price Analysis
- 16 Competitive Landscape
- 16.1 Market Structure
- 16.2 Key Players
- 16.3 Profiles of Key Players
- 16.3.1 Cisco Systems
- 16.3.2 Proofpoint
- 16.3.3 Symantec
- 16.3.4 Trend Micro
- 16.3.5 Zix
- 16.3.6 Cryptzone
- 16.3.7 DataMotion
- 16.3.8 Echoworx
- 16.3.9 Egress Software Technologies
- 16.3.10 Entrust
- 16.3.11 Greenview Data
- 16.3.12 HPE
- 16.3.13 McAfee
- 16.3.14 Microsoft
- 16.3.15 Sophos
- 16.3.16 Virtru
- 16.3.17 WatchGuard Technologies
Pricing
Currency Rates
Questions or Comments?
Our team has the ability to search within reports to verify it suits your needs. We can also help maximize your budget by finding sections of reports you can purchase.
