North America Email Encryption Market 2025-2035
Description
North America Email Encryption Market Size, Share & Trends Analysis Report by Deployment Type (On-Premise and Cloud-Based) By End-User (BFSI, Healthcare, Government & Defense, IT & Telecom, and Others), Forecast Period (2025-2035)
Industry Overview
North American email encryption market was valued at approximately $3.0 billion in 2024 and is projected to reach $27.1 billion by 2035, growing at a CAGR of 22.1% during the forecast period (2025-2035). The market is growing, driven by strict regulatory compliance like HIPAA and GLBA, and the increasing volume of cyber threats like phishing and ransomware. Factors like the rise of remote work, a strong cybersecurity infrastructure, and the adoption of cloud-based email services also contribute to this growth, as organizations seek to protect sensitive data and comply with privacy laws.
Market Dynamics
Regulatory & Compliance Pressure
Healthcare, finance, government, and large enterprises in North America face strict data-protection rules (HIPAA, GLBA, state breach notification laws) and heavy fines for breaches, so organizations are investing in email encryption to ensure confidentiality, meet compliance audits, and reduce regulatory risk. This is a primary growth motivator for adoption across highly regulated verticals.
Increasing Volume And Sophistication Of Email Threats
Phishing, business email compromise (BEC), spear phishing, and ransomware delivery via email continue to rise, and the shift to remote/hybrid work has enlarged the attack surface. Organizations respond by deploying stronger email encryption combined with secure gateways and anti-phishing controls to protect sensitive messages and prevent compromise of credentials and data. The prevalence of targeted email attacks is repeatedly cited by market analysts as a top demand driver.
Cloud Migration, Managed Services, And Encryption-As-A-Service Models
Rapid cloud/SaaS adoption and preference for outsourced, managed security services have made cloud-native and subscription encryption solutions attractive (easier deployment, scalability, and integration with cloud mail platforms). Growth of Encryption-as-a-Service and demand for integrated capabilities (DLP, key management, seamless UX) are accelerating purchases in North America. Analysts point to cloud adoption and managed offerings as major enablers of market expansion.
Market Segmentation
The BFSI segment holds the largest share of the North America Email Encryption Market. The sector’s heavy reliance on confidential data transmission, coupled with strict regulatory compliance requirements such as the Gramm-Leach-Bliley Act (GLBA) and Payment Card Industry Data Security Standard (PCI DSS), has significantly increased the adoption of advanced encryption solutions. Financial institutions handle vast volumes of sensitive information, including customer identification data, transaction details, and investment records, making email encryption vital to protect against phishing, ransomware, and financial fraud attempts. The continuous digital transformation within the BFSI industry, along with the increasing use of cloud-based financial services, has further strengthened the segment’s leadership position across the region.
Cloud-Based: A Key Segment in Market Growth
The cloud-based deployment segment is the key growth driver of the North America Email Encryption Market, expected to register the fastest growth during the forecast period. The surge in cloud adoption, remote work models, and digital transformation across industries like BFSI, healthcare, and IT has boosted demand for scalable, cost-effective encryption solutions. Cloud-based models offer easy integration with platforms such as Microsoft 365 and Google Workspace, reduced infrastructure costs, and automatic updates, making them ideal for SMEs and large enterprises alike. Additionally, growing cybersecurity threats and strict regulations such as HIPAA and GLBA are prompting organizations to adopt secure, compliant cloud encryption systems. With advantages like flexibility, real-time protection, and simplified management, the cloud-based segment is set to lead market expansion in the coming years.
Market Players Outlook
The major companies operating in the North America email encryption market include Broadcom Inc., Cisco Systems, Inc., Fortinet, Inc., Microsoft Corp., Google, LLC, Proofpoint, Inc., among others. The companies are pursuing partnerships, collaborations, mergers, and acquisitions to drive innovation, expand product portfolios, enhance sustainability, and strengthen market presence. These strategies enable players to respond to growing demand for energy-efficient, high-performance insulation solutions across residential, commercial, and industrial applications while maintaining a competitive edge.
Recent Developments
Industry Overview
North American email encryption market was valued at approximately $3.0 billion in 2024 and is projected to reach $27.1 billion by 2035, growing at a CAGR of 22.1% during the forecast period (2025-2035). The market is growing, driven by strict regulatory compliance like HIPAA and GLBA, and the increasing volume of cyber threats like phishing and ransomware. Factors like the rise of remote work, a strong cybersecurity infrastructure, and the adoption of cloud-based email services also contribute to this growth, as organizations seek to protect sensitive data and comply with privacy laws.
Market Dynamics
Regulatory & Compliance Pressure
Healthcare, finance, government, and large enterprises in North America face strict data-protection rules (HIPAA, GLBA, state breach notification laws) and heavy fines for breaches, so organizations are investing in email encryption to ensure confidentiality, meet compliance audits, and reduce regulatory risk. This is a primary growth motivator for adoption across highly regulated verticals.
Increasing Volume And Sophistication Of Email Threats
Phishing, business email compromise (BEC), spear phishing, and ransomware delivery via email continue to rise, and the shift to remote/hybrid work has enlarged the attack surface. Organizations respond by deploying stronger email encryption combined with secure gateways and anti-phishing controls to protect sensitive messages and prevent compromise of credentials and data. The prevalence of targeted email attacks is repeatedly cited by market analysts as a top demand driver.
Cloud Migration, Managed Services, And Encryption-As-A-Service Models
Rapid cloud/SaaS adoption and preference for outsourced, managed security services have made cloud-native and subscription encryption solutions attractive (easier deployment, scalability, and integration with cloud mail platforms). Growth of Encryption-as-a-Service and demand for integrated capabilities (DLP, key management, seamless UX) are accelerating purchases in North America. Analysts point to cloud adoption and managed offerings as major enablers of market expansion.
Market Segmentation
- Based on the deployment, the market is segmented into on-premise and cloud-based.
- Based on the End-User, the market is segmented into BFSI, healthcare, government & defense, it & telecom, and others.
The BFSI segment holds the largest share of the North America Email Encryption Market. The sector’s heavy reliance on confidential data transmission, coupled with strict regulatory compliance requirements such as the Gramm-Leach-Bliley Act (GLBA) and Payment Card Industry Data Security Standard (PCI DSS), has significantly increased the adoption of advanced encryption solutions. Financial institutions handle vast volumes of sensitive information, including customer identification data, transaction details, and investment records, making email encryption vital to protect against phishing, ransomware, and financial fraud attempts. The continuous digital transformation within the BFSI industry, along with the increasing use of cloud-based financial services, has further strengthened the segment’s leadership position across the region.
Cloud-Based: A Key Segment in Market Growth
The cloud-based deployment segment is the key growth driver of the North America Email Encryption Market, expected to register the fastest growth during the forecast period. The surge in cloud adoption, remote work models, and digital transformation across industries like BFSI, healthcare, and IT has boosted demand for scalable, cost-effective encryption solutions. Cloud-based models offer easy integration with platforms such as Microsoft 365 and Google Workspace, reduced infrastructure costs, and automatic updates, making them ideal for SMEs and large enterprises alike. Additionally, growing cybersecurity threats and strict regulations such as HIPAA and GLBA are prompting organizations to adopt secure, compliant cloud encryption systems. With advantages like flexibility, real-time protection, and simplified management, the cloud-based segment is set to lead market expansion in the coming years.
Market Players Outlook
The major companies operating in the North America email encryption market include Broadcom Inc., Cisco Systems, Inc., Fortinet, Inc., Microsoft Corp., Google, LLC, Proofpoint, Inc., among others. The companies are pursuing partnerships, collaborations, mergers, and acquisitions to drive innovation, expand product portfolios, enhance sustainability, and strengthen market presence. These strategies enable players to respond to growing demand for energy-efficient, high-performance insulation solutions across residential, commercial, and industrial applications while maintaining a competitive edge.
Recent Developments
- In August 2024, NIST released its first finalized post-quantum encryption standards aimed at securing various electronic information, including confidential emails and e-commerce transactions. The organization urges computer system administrators to transition to these new standards promptly to enhance security against potential quantum computer attacks.
- Market value data analysis of 2024 and forecast to 2035.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the North America email encryption market. Based on the availability of data, information related to new products and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
Table of Contents
164 Pages
- 1. Report Summary
- Current Industry Analysis and Growth Potential Outlook
- North America Email Encryption Market Sales Analysis - Deployment Model | End-User $ Million)
- North America Email Encryption Market Sales Performance of Top Countries
- 1.1. Research Methodology
- Primary Research Approach
- Secondary Research Approach
- 1.2. Market Snapshot
- 2. Market Overview and Insights
- 2.1. Scope of the Study
- 2.2. Analyst Insight & Current Market Trends
- 2.2.1. Key North America Email Encryption Market Industry Trends
- 2.2.2. Market Recommendations
- 3. Market Determinants
- 3.1. Market Drivers
- 3.1.1. Drivers For the North America Email Encryption Market: Impact Analysis
- 3.2. Market Pain Points and Challenges
- 3.2.1. Restraints For North America Email Encryption Market: Impact Analysis
- 3.3. Market Opportunities
- 3.3.1. Opportunities For the North America Email Encryption Market: Impact Analysis
- 4. Competitive Landscape
- 4.1. Competitive Dashboard - North America Email Encryption Market Revenue and Share by Manufacturers
- Email Encryption Solution Comparison Analysis
- Top Market Player Ranking Matrix
- 4.2. Key Company Analysis
- 4.2.1. Broadcom Inc.
- 4.2.1.1. Overview
- 4.2.1.2. Product Portfolio
- 4.2.1.3. Financial Analysis
- 4.2.1.4. SWOT Analysis
- 4.2.1.5. Business Strategy
- 4.2.2. Cisco Systems, Inc.
- 4.2.2.1. Overview
- 4.2.2.2. Product Portfolio
- 4.2.2.3. Financial Analysis
- 4.2.2.4. SWOT Analysis
- 4.2.2.5. Business Strategy
- 4.2.3. Fortinet, Inc.
- 4.2.3.1. Overview
- 4.2.3.2. Product Portfolio
- 4.2.3.3. Financial Analysis
- 4.2.3.4. SWOT Analysis
- 4.2.3.5. Business Strategy
- 4.2.4. Microsoft Corp.
- 4.2.4.1. Overview
- 4.2.4.2. Product Portfolio
- 4.2.4.3. Financial Analysis
- 4.2.4.4. SWOT Analysis
- 4.2.4.5. Business Strategy
- 4.2.5. Proofpoint, Inc.
- 4.2.5.1. Overview
- 4.2.5.2. Product Portfolio
- 4.2.5.3. Financial Analysis
- 4.2.5.4. SWOT Analysis
- 4.2.5.5. Business Strategy
- 4.3. Top Winning Strategies by Market Players
- 4.3.1. Merger and Acquisition
- 4.3.2. Organization Size Launch
- 4.3.3. Partnership And Collaboration
- 5. North America Email Encryption Market Sales Analysis By Deployment ($ Million)
- 5.1. On-Premise
- 5.2. Could-Based
- 6. North America Email Encryption Market Sales Analysis By End-User ($ Million)
- 6.1. BFSI
- 6.2. Healthcare
- 6.3. Government & Defense
- 6.4. IT & Telecom
- 6.5. Others
- 7. Regional Analysis
- 7.1. North America Email Encryption Market Sales Analysis - Deployment | End-User $ Million)
- 8. Macroeconomic Factors for North America
- 8.1.1. US
- 8.1.2. Canada
- 9. Company Profiles
- 9.1. Barracuda Networks Inc.
- 9.1.1. Quick Facts
- 9.1.2. Company Overview
- 9.1.3. Product Portfolio
- 9.1.4. Business Strategies
- 9.2. Broadcom (includes Symantec)
- 9.2.1. Quick Facts
- 9.2.2. Company Overview
- 9.2.3. Product Portfolio
- 9.2.4. Business Strategies
- 9.3. Cisco Systems Inc.
- 9.3.1. Quick Facts
- 9.3.2. Company Overview
- 9.3.3. Product Portfolio
- 9.3.4. Business Strategies
- 9.4. Entrust Corp.
- 9.4.1. Quick Facts
- 9.4.2. Company Overview
- 9.4.3. Product Portfolio
- 9.4.4. Business Strategies
- 9.5. Fortinet Inc.
- 9.5.1. Quick Facts
- 9.5.2. Company Overview
- 9.5.3. Product Portfolio
- 9.5.4. Business Strategies
- 9.6. Fortra (formerly HelpSystems)
- 9.6.1. Quick Facts
- 9.6.2. Company Overview
- 9.6.3. Product Portfolio
- 9.6.4. Business Strategies
- 9.7. McAfee LLC
- 9.7.1. Quick Facts
- 9.7.2. Company Overview
- 9.7.3. Product Portfolio
- 9.7.4. Business Strategies
- 9.8. Microsoft Corp.
- 9.8.1. Quick Facts
- 9.8.2. Company Overview
- 9.8.3. Product Portfolio
- 9.8.4. Business Strategies
- 9.9. Mimecast Ltd.
- 9.9.1. Quick Facts
- 9.9.2. Company Overview
- 9.9.3. Product Portfolio
- 9.9.4. Business Strategies
- 9.10. OpenText Corp.
- 9.10.1. Quick Facts
- 9.10.2. Company Overview
- 9.10.3. Product Portfolio
- 9.10.4. Business Strategies
- 9.11. Proofpoint Inc.
- 9.11.1. Quick Facts
- 9.11.2. Company Overview
- 9.11.3. Product Portfolio
- 9.11.4. Business Strategies
- 9.12. Sophos Ltd.
- 9.12.1. Quick Facts
- 9.12.2. Company Overview
- 9.12.3. Product Portfolio
- 9.12.4. Business Strategies
- 9.13. Trend Micro
- 9.13.1. Quick Facts
- 9.13.2. Company Overview
- 9.13.3. Product Portfolio
- 9.13.4. Business Strategies
- 9.14. Zix Corp.
- 9.14.1. Quick Facts
- 9.14.2. Company Overview
- 9.14.3. Product Portfolio
- 9.14.4. Business Strategies
Pricing
Currency Rates
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