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Email Encryption Market by Component (Solution and Service (Training and Education, and Support and Maintenance)), Deployment Mode (On-premises and Cloud), Organization Size, Industry Vertical, and Region - Global Forecast to 2023

Email Encryption Market by Component (Solution and Service (Training and Education, and Support and Maintenance)), Deployment Mode (On-premises and Cloud), Organization Size, Industry Vertical, and Region - Global Forecast to 2023

Mandate to comply with data protection directives and rise in spear phishing attacks targeting email information to drive the overall email encryption market
The global email encryption market size is expected to grow from USD 2.3 billion in 2018 to USD 5.8 billion by 2023, at a Compound Annual Growth Rate (CAGR) of 20.0% during the forecast period. Various factors, such as need to protect the confidential email information from spear phising attacks and mandate to comply with data protection directives are expected to drive the market. However, high cost of email encryption solution may restrain the email encryption market growth.

The SMEs segment to grow at a higher CAGR during the forecast period
Based on organization size, the email encryption market has been segmented into SMEs and large enterprises. The SMEs segment is expected to grow at the highest CAGR in the email encryption market during the forecast period. The growing use of mobile devices in Small and Medium Enterprises (SMEs) for sending mails has influenced data transfer, over business networks, to personal devices, such as mobile phones and laptops. This huge volume of data transfer has increased fraudulent data, cyber-attacks, data losses, and the threat of personal data thefts. These rising security issues have compelled the SMEs to focus on their email encryption solution. In the coming years, email encryption solution would witness high adoption among SMEs across the globe.

The BFSI industry vertical to hold a larger market size during the forecast period
The BFSI industry vertical is expected to hold a larger market size in the email encryption market during the forecast period, due to the increasing instances of email taping, phishing, spear phishing, spams, and insider data thefts in this industry vertical. BFSI is the most targeted industry vertical as it deals with large volumes of sensitive and private data. The enterprises in this industry vertical are demanding for the email encryption solution to ensure irreversible encryption. This industry vertical is the most regulated, as it has to comply with many security requirements. The email encryption solutions in the BFSI industry vertical are witnessing rapid adoption due to the confidential nature of the financial data that needs to be secured all the time.

North America to account for the highest market share, whereas Asia Pacific (APAC) to grow at the highest CAGR
North America is projected to hold the highest share of the email encryption market from 2018 to 2023, owing to the early adoption of the email encryption solution in the region across various industry verticals, specifically in the BFSI and healthcare industry verticals. The concentrated presence of large number of email encryption solution and services providers in the US from the North American region is also expected to drive revenue growth for the region.

The Asia Pacific (APAC) market is expected to grow at the highest CAGR during the forecast period. APAC is expected to witness a notable adoption of the technology as enterprises and SMEs across various industry verticals are now adopting email encryption solutions in order to secure business-critical email information from misuse by computer hackers for monetary gains and sophisticated cyber-attacks. The developed APAC countries such as China, ANZ, and India have implemented email encryption solutions to fulfill compliance requirements and data security needs of businesses.

In-depth interviews were conducted with Chief Executive Officers (CEOs), marketing directors, other innovation and technology directors, and executives from various key organizations operating in the email encryption marketplace.

By Company: Tier 1 – 35%, Tier 2 – 45%, and Tier 3 – 20%
By Designation: C-level – 35%, Director level – 25%, and Others – 40%
By Region: North America – 45%, APAC – 30%, Europe – 20%, RoW – 5%
Major vendors in the global email encryption market include Micro Focus (UK), Symantech (US), Cisco (US), Trend Micro (Japan), Sophos (UK), Proofpoint (US), BAE Systems (UK), Zix (US),Entrust Datacard (US), Mimecast (UK), Egress Software (UK), Intemedia (US), Virtru (US), Echoworx (Canada), Lux Sci (US), and Cryptzone (US).

Research Coverage
The market study covers the email encryption market across segments. It aims at estimating the market size and the growth potential of the market across segments, namely, component (solution and service), deployment mode, organization size, industry vertical, and region. The study also includes an in-depth competitive analysis of the key players in the market, along with their company profiles, key observations related to product and business offerings, recent developments, and key market strategies.

Key Benefits of Buying the Report
The report will help the market leaders/new entrants in the email encryption market with information on the closest approximations of the revenue numbers for the overall email encryption market and the subsegments. This report will help stakeholders understand the competitive landscape and gain more insights to better position their businesses and to plan suitable go-to-market strategies. The report also helps stakeholders understand the pulse of the market and provides them with information on key market drivers, restraints, challenges, and opportunities.


  • INTRODUCTION
    • OBJECTIVES OF THE STUDY
    • MARKET DEFINITION
    • MARKET SEGMENTATION
    • REGIONS COVERED
    • YEARS CONSIDERED FOR THE STUDY
    • CURRENCY CONSIDERED
      • Table UNITED STATES DOLLAR EXCHANGE RATE, 2015–2017
    • STAKEHOLDERS
  • RESEARCH METHODOLOGY
    • RESEARCH DATA
      • SECONDARY DATA
      • PRIMARY DATA
    • MARKET SIZE ESTIMATION
      • BOTTOM-UP APPROACH
      • TOP-DOWN APPROACH
    • MARKET FORECAST
      • Table FACTOR ANALYSIS
    • RESEARCH ASSUMPTIONS
    • LIMITATIONS OF THE STUDY
  • EXECUTIVE SUMMARY
    • Table EMAIL ENCRYPTION MARKET SIZE AND GROWTH, 2016–2023 (USD MILLION, Y-O-Y %)
  • PREMIUM INSIGHTS
    • ATTRACTIVE MARKET OPPORTUNITIES IN THE EMAIL ENCRYPTION MARKET
    • EMAIL ENCRYPTION MARKET, MARKET SHARE OF TOP 3 INDUSTRY VERTICALS AND REGIONS, 2018
    • EMAIL ENCRYPTION MARKET, BY COMPONENT, 2018 VS 2023
    • EMAIL ENCRYPTION MARKET, BY SERVICE, 2018 VS 2023
    • EMAIL ENCRYPTION MARKET, BY DEPLOYMENT MODE, 2018
    • EMAIL ENCRYPTION MARKET, BY ORGANIZATION SIZE, 2018
    • EMAIL ENCRYPTION MARKET, BY INDUSTRY VERTICAL, 2018 VS 2023
    • MARKET INVESTMENT SCENARIO
  • MARKET OVERVIEW AND INDUSTRY TRENDS
    • INTRODUCTION
    • REGULATORY IMPLICATIONS
      • ADVANCED ENCRYPTION STANDARDS
      • FEDERAL INFORMATION PROCESSING STANDARDS
      • PAYMENT CARD INDUSTRY DATA SECURITY STANDARD
      • HEALTH INSURANCE PORTABILITY AND ACCOUNTABILITY ACT
      • GENERAL DATA PROTECTION REGULATION
      • GRAMM-LEACH-BLILEY ACT
    • ENCRYPTION ALGORITHMS
      • DATA ENCRYPTION STANDARD AND TRIPLE DATA ENCRYPTION STANDARD
      • ADVANCED ENCRYPTION STANDARD
      • AES-256 BIT ENCRYPTION
      • AES-128 BIT ENCRYPTION
      • XXTEA-128 BIT ENCRYPTION
      • RSA
      • BLOWFISH
      • TWOFISH
    • MARKET DYNAMICS
      • DRIVERS
      • RESTRAINTS
      • OPPORTUNITIES
      • CHALLENGES
    • USE CASES
      • ADOPTION OF EMAIL ENCRYPTION SOLUTION AMONG LEADING FINANCIAL SERVICE PROVIDERS
      • ADOPTION OF EMAIL ENCRYPTION SOLUTION AMONG RETAIL COMPANIES
      • DEPENDENCE OF GOVERNMENT AGENCY ON EMAIL ENCRYPTION SOLUTION AND SERVICES
    • BEST PRACTICES IN EMAIL ENCRYPTION MARKET
      • Table EMAIL ENCRYPTION: BEST PRACTICES
    • INNOVATION SPOTLIGHT
      • PAUBOX
      • SENDINC
      • FRAMA
  • EMAIL ENCRYPTION MARKET, BY TYPE
    • END-TO-END EMAIL ENCRYPTION
    • GATEWAY EMAIL ENCRYPTION
    • BOUNDARY EMAIL ENCRYPTION
    • HYBRID EMAIL ENCRYPTION
    • CLIENT PLUGINS
  • EMAIL ENCRYPTION MARKET, BY COMPONENT
    • INTRODUCTION
      • Table EMAIL ENCRYPTION MARKET SIZE, BY COMPONENT, 2016–2023 (USD MILLION)
    • SOLUTION
      • ASIA PACIFIC TO RECORD HIGHEST GROWTH RATE IN SOLUTION SEGMENT
        • Table SOLUTION: EMAIL ENCRYPTION MARKET SIZE, BY REGION, 2016–2023 (USD MILLION)
    • SERVICES
      • Table SERVICES: EMAIL ENCRYPTION MARKET SIZE, BY REGION, 2016–2023 (USD MILLION)
      • Table EMAIL ENCRYPTION MARKET SIZE, BY SERVICE, 2016–2023 (USD MILLION)
      • TRAINING AND EDUCATION
        • Table TRAINING AND EDUCATION MARKET SIZE, BY REGION, 2016–2023 (USD MILLION)
      • SUPPORT AND MAINTENANCE
        • Table SUPPORT AND MAINTENANCE MARKET SIZE, BY REGION, 2016–2023 (USD MILLION)
  • EMAIL ENCRYPTION MARKET, BY DEPLOYMENT MODE
    • INTRODUCTION
      • Table EMAIL ENCRYPTION MARKET SIZE, BY DEPLOYMENT MODE, 2016–2023 (USD MILLION)
      • ON-PREMISES DEPLOYMENT MODEL TO ENABLE ORGANIZATIONS TO MANAGE SYSTEM UPDATES AND DATA ON THEIR OWN
        • Table ON-PREMISES: EMAIL ENCRYPTION MARKET SIZE, BY REGION, 2016–2023 (USD MILLION)
    • CLOUD
      • COST-EFFECTIVENESS OF CLOUD-BASED OFFERINGS TO DRIVE ADOPTION OF EMAIL ENCRYPTION SOLUTION
        • Table CLOUD: EMAIL ENCRYPTION MARKET SIZE, BY REGION, 2016–2023 (USD MILLION)
  • EMAIL ENCRYPTION MARKET, BY ORGANIZATION SIZE
    • INTRODUCTION
      • Table EMAIL ENCRYPTION MARKET SIZE, BY ORGANIZATION SIZE, 2016–2023 (USD MILLION)
    • SMALL AND MEDIUM-SIZED ENTERPRISES
      • RISING ADOPTION OF EMAIL ENCRYPTION SOLUTION AMONG SMALL AND MEDIUM-SIZED ENTERPRISES TO COST-EFFECTIVELY STREAMLINE BUSINESS OPERATIONS
        • Table SMALL AND MEDIUM-SIZED ENTERPRISES: EMAIL ENCRYPTION MARKET SIZE, BY REGION, 2016–2023 (USD MILLION)
    • LARGE ENTERPRISES
      • AVAILABILITY OF HUGE INFRASTRUCTURES TO DRIVE LARGE ENTERPRISES TO ADOPT EMAIL ENCRYPTION SOLUTION
        • Table LARGE ENTERPRISES: EMAIL ENCRYPTION MARKET SIZE, BY REGION, 2016–2023 (USD MILLION)
  • EMAIL ENCRYPTION MARKET, BY INDUSTRY VERTICAL
    • INTRODUCTION
      • Table EMAIL ENCRYPTION MARKET SIZE, BY INDUSTRY VERTICAL, 2016–2023 (USD MILLION)
    • BANKING, FINANCIAL SERVICES, AND INSURANCE
      • INCREASING INSTANCES AND SOPHISTICATION OF SPEAR PHISHING ATTACKS IN FINANCIAL TRANSACTIONS TO FUEL GROWTH OF EMAIL ENCRYPTION MARKET
        • Table BANKING, FINANCIAL SERVICES, AND INSURANCE: EMAIL ENCRYPTION MARKET SIZE, BY REGION, 2016–2023 (USD MILLION)
    • GOVERNMENT AND DEFENSE
      • GROWING NEED TO PROTECT SENSITIVE CREDENTIALS OF CITIZENS AND EMPLOYEES TO BOOST MARKET GROWTH IN GOVERNMENT AND DEFENSE INDUSTRY VERTICAL
        • Table GOVERNMENT AND DEFENSE: EMAIL ENCRYPTION MARKET SIZE, BY REGION, 2016–2023 (USD MILLION)
    • IT AND TELECOM
      • IT AND TELECOM COMPANIES DEPLOY EMAIL ENCRYPTION SOLUTION TO ADDRESS CHALLENGES RELATED TO SECURITY AND PRIVACY OF DIGITAL IDENTITIES
        • Table IT AND TELECOM: EMAIL ENCRYPTION MARKET SIZE, BY REGION, 2016–2023 (USD MILLION)
    • HEALTHCARE
      • RISING SECURITY BREACHES TO DRIVE NEED FOR EMAIL ENCRYPTION SOLUTION IN HEALTHCARE INDUSTRY VERTICAL
        • Table HEALTHCARE: EMAIL ENCRYPTION MARKET SIZE, BY REGION, 2016–2023 (USD MILLION)
    • MANUFACTURING
      • MANUFACTURING INDUSTRY VERTICAL TO DEPLOY EMAIL ENCRYPTION SOLUTION FOR ADDRESSING CHALLENGES RELATED TO SECURITY AND PRIVACY OF EMAIL DATA
        • Table MANUFACTURING: EMAIL ENCRYPTION MARKET SIZE, BY REGION, 2016–2023 (USD MILLION)
    • ENERGY AND UTILITIES
      • EMAIL ENCRYPTION SOLUTION TO ENHANCE OPERATIONAL EFFICIENCY AND MITIGATE POTENTIAL SPEAR PHISHING ATTACKS IN ENERGY AND UTILITIES INDUSTRY VERTICAL
        • Table ENERGY AND UTILITIES: EMAIL ENCRYPTION MARKET SIZE, BY REGION, 2016–2023 (USD MILLION)
    • RETAIL
      • RETAIL INDUSTRY VERTICAL TO ADOPT EMAIL ENCRYPTION SOLUTION FOR PROTECTING CONFIDENTIAL AND PRIVATE INFORMATION OF CUSTOMERS
        • Table RETAIL: EMAIL ENCRYPTION MARKET SIZE, BY REGION, 2016–2023 (USD MILLION)
    • OTHERS
      • Table OTHERS: EMAIL ENCRYPTION MARKET SIZE, BY REGION, 2016–2023 (USD MILLION)
  • EMAIL ENCRYPTION MARKET, BY REGION
    • INTRODUCTION
      • Table EMAIL ENCRYPTION MARKET SIZE, BY REGION, 2016–2023 (USD MILLION)
    • NORTH AMERICA
      • Table NORTH AMERICA: EMAIL ENCRYPTION MARKET SIZE, BY COMPONENT, 2016–2023 (USD MILLION)
      • Table NORTH AMERICA: EMAIL ENCRYPTION MARKET SIZE, BY SERVICE, 2016–2023 (USD MILLION)
      • Table NORTH AMERICA: EMAIL ENCRYPTION MARKET SIZE, BY DEPLOYMENT MODE, 2016–2023 (USD MILLION)
      • Table NORTH AMERICA: EMAIL ENCRYPTION MARKET SIZE, BY ORGANIZATION SIZE, 2016–2023 (USD MILLION)
      • Table NORTH AMERICA: EMAIL ENCRYPTION MARKET SIZE, BY INDUSTRY VERTICAL, 2016–2023 (USD MILLION)
      • Table NORTH AMERICA: EMAIL ENCRYPTION MARKET SIZE, BY COUNTRY, 2016–2023 (USD MILLION)
      • UNITED STATES
      • CANADA
    • EUROPE
      • Table EUROPE: EMAIL ENCRYPTION MARKET SIZE, BY COMPONENT, 2016–2023 (USD MILLION)
      • Table EUROPE: EMAIL ENCRYPTION MARKET SIZE, BY SERVICE, 2016–2023 (USD MILLION)
      • Table EUROPE: EMAIL ENCRYPTION MARKET SIZE, BY DEPLOYMENT MODE, 2016–2023 (USD MILLION)
      • Table EUROPE: EMAIL ENCRYPTION MARKET SIZE, BY ORGANIZATION SIZE, 2016–2023 (USD MILLION)
      • Table EUROPE: EMAIL ENCRYPTION MARKET SIZE, BY INDUSTRY VERTICAL, 2016–2023 (USD MILLION)
      • Table EUROPE: EMAIL ENCRYPTION MARKET SIZE, BY COUNTRY, 2016–2023 (USD MILLION)
      • UNITED KINGDOM
      • GERMANY
      • REST OF EUROPE
    • ASIA PACIFIC
      • Table ASIA PACIFIC: EMAIL ENCRYPTION MARKET SIZE, BY COMPONENT, 2016–2023 (USD MILLION)
      • Table ASIA PACIFIC: EMAIL ENCRYPTION MARKET SIZE, BY SERVICE, 2016–2023 (USD MILLION)
      • Table ASIA PACIFIC: EMAIL ENCRYPTION MARKET SIZE, BY DEPLOYMENT MODE, 2016–2023 (USD MILLION)
      • Table ASIA PACIFIC: EMAIL ENCRYPTION MARKET SIZE, BY ORGANIZATION SIZE, 2016–2023 (USD MILLION)
      • Table ASIA PACIFIC: EMAIL ENCRYPTION MARKET SIZE, BY INDUSTRY VERTICAL, 2016–2023 (USD MILLION)
      • Table ASIA PACIFIC: EMAIL ENCRYPTION MARKET SIZE, BY COUNTRY, 2016–2023 (USD MILLION)
      • CHINA
      • INDIA
      • AUSTRALIA AND NEW ZEALAND
      • REST OF ASIA PACIFIC
    • MIDDLE EAST AND AFRICA
      • Table MIDDLE EAST AND AFRICA: EMAIL ENCRYPTION MARKET SIZE, BY COMPONENT, 2016–2023 (USD MILLION)
      • Table MIDDLE EAST AND AFRICA: EMAIL ENCRYPTION MARKET SIZE, BY SERVICE, 2016–2023 (USD MILLION)
      • Table MIDDLE EAST AND AFRICA: EMAIL ENCRYPTION MARKET SIZE, BY DEPLOYMENT MODE, 2016–2023 (USD MILLION)
      • Table MIDDLE EAST AND AFRICA: EMAIL ENCRYPTION MARKET SIZE, BY ORGANIZATION SIZE, 2016–2023 (USD MILLION)
      • Table MIDDLE EAST AND AFRICA: EMAIL ENCRYPTION MARKET SIZE, BY INDUSTRY VERTICAL, 2016–2023 (USD MILLION)
      • Table MIDDLE EAST AND AFRICA: EMAIL ENCRYPTION MARKET SIZE, BY SUB-REGION, 2016–2023 (USD MILLION)
      • MIDDLE EAST
      • AFRICA
    • LATIN AMERICA
      • Table LATIN AMERICA: EMAIL ENCRYPTION MARKET SIZE, BY COMPONENT, 2016–2023 (USD MILLION)
      • Table LATIN AMERICA: EMAIL ENCRYPTION MARKET SIZE, BY SERVICE, 2016–2023 (USD MILLION)
      • Table LATIN AMERICA: EMAIL ENCRYPTION MARKET SIZE, BY DEPLOYMENT MODE, 2016–2023 (USD MILLION)
      • Table LATIN AMERICA: EMAIL ENCRYPTION MARKET SIZE, BY ORGANIZATION SIZE, 2016–2023 (USD MILLION)
      • Table LATIN AMERICA: EMAIL ENCRYPTION MARKET SIZE, BY INDUSTRY VERTICAL, 2016–2023 (USD MILLION)
      • Table LATIN AMERICA: EMAIL ENCRYPTION MARKET SIZE, BY COUNTRY, 2016–2023 (USD MILLION)
      • MEXICO
      • BRAZIL
      • REST OF LATIN AMERICA
  • COMPETITIVE LANDSCAPE
    • COMPETITIVE LEADERSHIP MAPPING
      • VISIONARY LEADERS
      • INNOVATORS
      • DYNAMIC DIFFERENTIATORS
      • EMERGING PLAYERS
    • KEY DEVELOPMENTS IN EMAIL ENCRYPTION MARKET
    • COMPETITIVE SCENARIO
      • PARTNERSHIPS, AGREEMENTS, AND COLLABORATIONS
        • Table PARTNERSHIPS, AGREEMENTS, AND COLLABORATIONS, 2016–2018
      • NEW PRODUCT LAUNCHES/PRODUCT ENHANCEMENTS
        • Table NEW PRODUCT LAUNCHES/PRODUCT ENHANCEMENTS, 2018
      • MERGERS AND ACQUISITIONS
        • Table MERGERS AND ACQUISITIONS, 2016–2019
      • BUSINESS EXPANSIONS
        • Table BUSINESS EXPANSIONS, 2016–2017
  • COMPANY PROFILES
    • INTRODUCTION
    • MICRO FOCUS
      • BUSINESS OVERVIEW
      • SOLUTIONS AND SERVICES OFFERED
      • RECENT DEVELOPMENTS
      • SWOT ANALYSIS
      • MNM VIEW
    • SYMANTEC
      • BUSINESS OVERVIEW
      • SOLUTIONS AND SERVICES OFFERED
      • RECENT DEVELOPMENTS
      • SWOT ANALYSIS
      • MNM VIEW
    • CISCO
      • BUSINESS OVERVIEW
      • SOLUTIONS AND SERVICES OFFERED
      • RECENT DEVELOPMENTS
      • SWOT ANALYSIS
      • MNM VIEW
    • TREND MICRO
      • BUSINESS OVERVIEW
      • SOLUTIONS AND SERVICES OFFERED
      • RECENT DEVELOPMENTS
      • SWOT ANALYSIS
      • MNM VIEW
    • SOPHOS
      • BUSINESS OVERVIEW
      • SOLUTIONS AND SERVICES OFFERED
      • RECENT DEVELOPMENTS
      • SWOT ANALYSIS
      • MNM VIEW
    • PROOFPOINT
      • BUSINESS OVERVIEW
      • SOLUTIONS AND SERVICES OFFERED
      • RECENT DEVELOPMENTS
    • BAE SYSTEMS
      • BUSINESS OVERVIEW
      • SOLUTIONS AND SERVICES OFFERED
    • ZIX
      • BUSINESS OVERVIEW
      • SOLUTIONS AND SERVICES OFFERED
      • RECENT DEVELOPMENTS
    • ENTRUST DATACARD
      • BUSINESS OVERVIEW
      • SOLUTIONS AND SERVICES OFFERED
      • RECENT DEVELOPMENTS
    • MIMECAST
      • BUSINESS OVERVIEW
      • SOLUTIONS AND SERVICES OFFERED
      • RECENT DEVELOPMENTS
    • EGRESS SOFTWARE
      • BUSINESS OVERVIEW
      • SOLUTIONS AND SERVICES OFFERED
      • RECENT DEVELOPMENTS
    • INTERMEDIA
    • VIRTRU
    • LUX SCIENTIAE (LUX SCI)
    • CRYPTZONE
    • ECHOWORX
  • APPENDIX
    • DISCUSSION GUIDE
    • KNOWLEDGE STORE: MARKETSANDMARKETS' SUBSCRIPTION PORTAL
    • AVAILABLE CUSTOMIZATIONS
    • RELATED REPORTS
    • AUTHOR DETAILS

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