
Global Email Encryption Market Size, Trends, By Component (Services, Solutions), By Encryption Type (End-to-end Email Encryption, Boundary Email Encryption, Gateway Email Encryption, and Others), By End-use (Government & Defense, IT, BFSI, Healthcare & Ph
Description
Global Email Encryption Market Size, Trends, By Component (Services, Solutions), By Encryption Type (End-to-end Email Encryption, Boundary Email Encryption, Gateway Email Encryption, and Others), By End-use (Government & Defense, IT, BFSI, Healthcare & Pharmaceutical, and Others), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East and Africa): Global Opportunity Analysis and Industry Forecast, 2023-2030.
Global Email Encryption Market
The Global Email Encryption Market was valued at US$ 24.74 Bn in 2022, estimated to reach US$ 127.11 Bn by 2030, with a CAGR of 22.54% from 2023-2030.
Email encryption is a security measure that protects sensitive and confidential information shared through email communication. With the increasing amount of sensitive information shared through email, such as financial data, personal information, and trade secrets, the risk of email interception and data breaches has grown substantially.
Email encryption provides a solution to this problem by encoding the email content to make it unreadable to unauthorized parties. This technology provides end-to-end encryption of emails, ensuring that only the intended recipient can access and read the message.
Market Drivers
The global market for email encryption is being driven by the increasing need for data privacy and security in the age of cyber threats and data breaches. As more and more businesses and individuals use email to communicate sensitive information, the risk of that information being intercepted by unauthorized parties is growing significantly. This is leading to a growing demand for email encryption solutions that can protect messages from being read by anyone other than the intended recipient.
Market Restraints
A primary challenge to the growth of the global email encryption market is the lack of awareness among small and medium-sized businesses regarding the benefits of email encryption. Many organizations believe that email encryption is only required for large companies or those in highly regulated industries, which has led to limited demand for email encryption solutions among smaller businesses.
Additionally, the high cost associated with email encryption solutions can also be a significant constraint, particularly for small businesses with limited budgets. Another challenge is the complexity of email encryption systems, which can be challenging to implement and manage.
Market Segmentation
The scope of the global email encryption market covers segmentation based on component, encryption type, end-use, and region.
Based on the components, the market is segmented into services and solutions. By encryption type, the market is segmented into end-to-end email encryption. boundary email encryption, gateway email encryption, and others.
Further, the market is segmented into end-use, such as government & defense, IT, BFSI, healthcare & pharmaceutical, and others.
Regional Analysis
The global email encryption market is segmented into 5 main regions, namely, North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.
North America currently dominates and is expected to continue to lead the email encryption market, primarily due to the presence of major vendors and the increasing adoption of cloud-based email encryption solutions.
The Asia-Pacific region is expected to witness fast growth in the email encryption market due to the increasing adoption of cloud-based email encryption solutions by small and medium-sized enterprises (SMEs), as well as the rising need for secure email communication in various industries such as BFSI, healthcare, and government. Additionally, the region's large population and growing digitization are expected to drive the demand for email encryption solutions.
Key Players
Cisco Systems Inc, Proofpoint Inc, Micro Focus International plc, Sophos Ltd, Zix Corporation, Entrust Datacard Corporation, Mimecast Limited, Virtru Corporation, Proton Technologies AG, Egress Software Technologies Ltd, Trend Micro Inc, Echoworx Corporation, etc.
Market Taxonomy
By Component
Global Email Encryption Market
The Global Email Encryption Market was valued at US$ 24.74 Bn in 2022, estimated to reach US$ 127.11 Bn by 2030, with a CAGR of 22.54% from 2023-2030.
Email encryption is a security measure that protects sensitive and confidential information shared through email communication. With the increasing amount of sensitive information shared through email, such as financial data, personal information, and trade secrets, the risk of email interception and data breaches has grown substantially.
Email encryption provides a solution to this problem by encoding the email content to make it unreadable to unauthorized parties. This technology provides end-to-end encryption of emails, ensuring that only the intended recipient can access and read the message.
Market Drivers
The global market for email encryption is being driven by the increasing need for data privacy and security in the age of cyber threats and data breaches. As more and more businesses and individuals use email to communicate sensitive information, the risk of that information being intercepted by unauthorized parties is growing significantly. This is leading to a growing demand for email encryption solutions that can protect messages from being read by anyone other than the intended recipient.
Market Restraints
A primary challenge to the growth of the global email encryption market is the lack of awareness among small and medium-sized businesses regarding the benefits of email encryption. Many organizations believe that email encryption is only required for large companies or those in highly regulated industries, which has led to limited demand for email encryption solutions among smaller businesses.
Additionally, the high cost associated with email encryption solutions can also be a significant constraint, particularly for small businesses with limited budgets. Another challenge is the complexity of email encryption systems, which can be challenging to implement and manage.
Market Segmentation
The scope of the global email encryption market covers segmentation based on component, encryption type, end-use, and region.
Based on the components, the market is segmented into services and solutions. By encryption type, the market is segmented into end-to-end email encryption. boundary email encryption, gateway email encryption, and others.
Further, the market is segmented into end-use, such as government & defense, IT, BFSI, healthcare & pharmaceutical, and others.
Regional Analysis
The global email encryption market is segmented into 5 main regions, namely, North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.
North America currently dominates and is expected to continue to lead the email encryption market, primarily due to the presence of major vendors and the increasing adoption of cloud-based email encryption solutions.
The Asia-Pacific region is expected to witness fast growth in the email encryption market due to the increasing adoption of cloud-based email encryption solutions by small and medium-sized enterprises (SMEs), as well as the rising need for secure email communication in various industries such as BFSI, healthcare, and government. Additionally, the region's large population and growing digitization are expected to drive the demand for email encryption solutions.
Key Players
Cisco Systems Inc, Proofpoint Inc, Micro Focus International plc, Sophos Ltd, Zix Corporation, Entrust Datacard Corporation, Mimecast Limited, Virtru Corporation, Proton Technologies AG, Egress Software Technologies Ltd, Trend Micro Inc, Echoworx Corporation, etc.
Market Taxonomy
By Component
- Services
- Solutions
- End-to-end Email Encryption
- Boundary Email Encryption
- Gateway Email Encryption
- Others
- Government & Defense
- IT
- BFSI
- Healthcare & Pharmaceutical
- Others
- North America
- U.S.
- Canada
- Mexico
- Latin America
- Brazil
- Argentina
- Colombia
- Peru
- Chile
- Venezuela
- Rest of Latin America
- Europe
- Germany
- France
- UK
- Russia
- Italy
- Spain
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- New Zealand
- Singapore
- Malaysia
- Rest of Asia Pacific
- Middle East & Africa
- Saudi Arabia
- UAE
- Egypt
- Kuwait
- South Africa
- Rest of Middle East & Africa
- What are the key opportunities in the Global Email Encryption Market?
- What will be the growth rate from 2023 to 2030?
- Which segment/region will have the highest growth?
- What are the factors that will impact/drive the market?
- What is the competitive landscape in the industry?
- What is the role of key players in the value chain?
Table of Contents
236 Pages
- 1 Introduction
- 1.1 Objective of the Study
- 1.2 Market Definition
- 1.3 Market Scope
- 2 Research Methodology
- 2.1 Data Mining
- 2.2 Validation
- 2.3 Primary Interviews
- 2.4 List of Data Sources
- 3 Executive Summary
- 4 Global Email Encryption Market Outlook
- 4.1 Overview
- 4.2 Market Dynamics
- 4.2.1 Drivers
- 4.2.2 Restraints
- 4.2.3 Opportunities
- 4.2.4 Cumulative Impact due to Recent Energy Crisis
- 4.2.5 Cumulative Impact due to Nearing Economic Downturn
- 4.2.6 Post Covid-19 World Supply & Demand Conditions
- 4.2.7 Cumulative Impact of Russia-Ukraine Conflict
- 4.3 Porters Five Force Model
- 4.4 Value Chain Analysis
- 5 Global Email Encryption Market, By Component
- 5.1 Y-o-Y Growth Comparison, By Component
- 5.2 Global Email Encryption Market Share Analysis, By Component
- 5.3 Global Email Encryption Market Size and Forecast, By Component
- 5.3.1 Services
- 5.3.2 Solutions
- 6 Global Email Encryption Market, By Encryption Type
- 6.1 Y-o-Y Growth Comparison, By Encryption Type
- 6.2 Global Email Encryption Market Share Analysis, By Encryption Type
- 6.3 Global Email Encryption Market Size and Forecast, By Encryption Type
- 6.3.1 End-to-end Email Encryption
- 6.3.2 Boundary Email Encryption
- 6.3.3 Gateway Email Encryption
- 6.3.4 Others
- 7 Global Email Encryption Market, By End-use
- 7.1 Y-o-Y Growth Comparison, By End-use
- 7.2 Global Email Encryption Market Share Analysis, By End-use
- 7.3 Global Email Encryption Market Size and Forecast, By End-use
- 7.3.1 Government & Defense
- 7.3.2 IT
- 7.3.3 BFSI
- 7.3.4 Healthcare & Pharmaceutical
- 7.3.5 Others
- 8 Global Email Encryption Market, By Region
- 8.1 Global Email Encryption Market Share Analysis, By Region
- 8.2 Global Email Encryption Market Size and Forecast, By Region
- 8.3 Global Email Encryption Market Trends and Forecast, By Region
- 9 North America Email Encryption Market Analysis and Forecast (2023-2030)
- 9.1 Introduction
- 9.2 North America Email Encryption Market Share Analysis, By Component
- 9.3 North America Email Encryption Market Size and Forecast, By Encryption Type
- 9.4 North America Email Encryption Market Size and Forecast, By End-use
- 9.5 North America Email Encryption Market Size and Forecast, By Country
- 9.5.1 U.S.
- 9.5.1.1 Market Size and Forecast, By Component
- 9.5.1.2 Market Size and Forecast, By Encryption Type
- 9.5.1.3 Market Size and Forecast, By End-use
- 9.5.2 Canada
- 9.5.2.1 Market Size and Forecast, By Component
- 9.5.2.2 Market Size and Forecast, By Encryption Type
- 9.5.2.3 Market Size and Forecast, By End-use
- 9.5.3 Mexico
- 9.5.3.1 Market Size and Forecast, By Component
- 9.5.3.2 Market Size and Forecast, By Encryption Type
- 9.5.3.3 Market Size and Forecast, By End-use
- 10 Europe Email Encryption Market Analysis and Forecast (2023-2030)
- 10.1 Introduction
- 10.2 Europe Email Encryption Market Share Analysis, By Component
- 10.3 Europe Email Encryption Market Size and Forecast, By Encryption Type
- 10.4 Europe Email Encryption Market Size and Forecast, By End-use
- 10.5 Europe Email Encryption Market Size and Forecast, By Country
- 10.5.1 Germany
- 10.5.1.1 Market Size and Forecast, By Component
- 10.5.1.2 Market Size and Forecast, By Encryption Type
- 10.5.1.3 Market Size and Forecast, By End-use
- 10.5.2 France
- 10.5.2.1 Market Size and Forecast, By Component
- 10.5.2.2 Market Size and Forecast, By Encryption Type
- 10.5.2.3 Market Size and Forecast, By End-use
- 10.5.3 UK
- 10.5.3.1 Market Size and Forecast, By Component
- 10.5.3.2 Market Size and Forecast, By Encryption Type
- 10.5.3.3 Market Size and Forecast, By End-use
- 10.5.4 Russia
- 10.5.4.1 Market Size and Forecast, By Component
- 10.5.4.2 Market Size and Forecast, By Encryption Type
- 10.5.4.3 Market Size and Forecast, By End-use
- 10.5.5 Italy
- 10.5.5.1 Market Size and Forecast, By Component
- 10.5.5.2 Market Size and Forecast, By Encryption Type
- 10.5.5.3 Market Size and Forecast, By End-use
- 10.5.6 Spain
- 10.5.6.1 Market Size and Forecast, By Component
- 10.5.6.2 Market Size and Forecast, By Encryption Type
- 10.5.6.3 Market Size and Forecast, By End-use
- 10.5.7 Rest of Europe
- 10.5.7.1 Market Size and Forecast, By Component
- 10.5.7.2 Market Size and Forecast, By Encryption Type
- 10.5.7.3 Market Size and Forecast, By End-use
- 11 Asia Pacific Email Encryption Market Analysis and Forecast (2023-2030)
- 11.1 Introduction
- 11.2 Asia Pacific Email Encryption Market Share Analysis, By Component
- 11.3 Asia Pacific Email Encryption Market Size and Forecast, By Encryption Type
- 11.4 Asia Pacific Email Encryption Market Size and Forecast, By End-use
- 11.5 Asia Pacific Email Encryption Market Size and Forecast, By Country
- 11.5.1 China
- 11.5.1.1 Market Size and Forecast, By Component
- 11.5.1.2 Market Size and Forecast, By Encryption Type
- 11.5.1.3 Market Size and Forecast, By End-use
- 11.5.2 Japan
- 11.5.2.1 Market Size and Forecast, By Component
- 11.5.2.2 Market Size and Forecast, By Encryption Type
- 11.5.2.3 Market Size and Forecast, By End-use
- 11.5.3 India
- 11.5.3.1 Market Size and Forecast, By Component
- 11.5.3.2 Market Size and Forecast, By Encryption Type
- 11.5.3.3 Market Size and Forecast, By End-use
- 11.5.4 South Korea
- 11.5.4.1 Market Size and Forecast, By Component
- 11.5.4.2 Market Size and Forecast, By Encryption Type
- 11.5.4.3 Market Size and Forecast, By End-use
- 11.5.5 Australia
- 11.5.5.1 Market Size and Forecast, By Component
- 11.5.5.2 Market Size and Forecast, By Encryption Type
- 11.5.5.3 Market Size and Forecast, By End-use
- 11.5.6 New Zealand
- 11.5.6.1 Market Size and Forecast, By Component
- 11.5.6.2 Market Size and Forecast, By Encryption Type
- 11.5.6.3 Market Size and Forecast, By End-use
- 11.5.7 Singapore
- 11.5.7.1 Market Size and Forecast, By Component
- 11.5.7.2 Market Size and Forecast, By Encryption Type
- 11.5.7.3 Market Size and Forecast, By End-use
- 11.5.8 Malaysia
- 11.5.8.1 Market Size and Forecast, By Component
- 11.5.8.2 Market Size and Forecast, By Encryption Type
- 11.5.8.3 Market Size and Forecast, By End-use
- 11.5.9 Rest of Asia
- 11.5.9.1 Market Size and Forecast, By Component
- 11.5.9.2 Market Size and Forecast, By Encryption Type
- 11.5.9.3 Market Size and Forecast, By End-use
- 12 Latin America Email Encryption Market Analysis and Forecast (2023-2030)
- 12.1 Introduction
- 12.2 Latin America Email Encryption Market Share Analysis, By Component
- 12.3 Latin America Email Encryption Market Size and Forecast, By Encryption Type
- 12.4 Latin America Email Encryption Market Size and Forecast, By End-use
- 12.5 Latin America Email Encryption Market Size and Forecast, By Country
- 12.5.1 Brazil
- 12.5.1.1 Market Size and Forecast, By Component
- 12.5.1.2 Market Size and Forecast, By Encryption Type
- 12.5.1.3 Market Size and Forecast, By End-use
- 12.5.2 Argentina
- 12.5.2.1 Market Size and Forecast, By Component
- 12.5.2.2 Market Size and Forecast, By Encryption Type
- 12.5.2.3 Market Size and Forecast, By End-use
- 12.5.3 Colombia
- 12.5.3.1 Market Size and Forecast, By Component
- 12.5.3.2 Market Size and Forecast, By Encryption Type
- 12.5.3.3 Market Size and Forecast, By End-use
- 12.5.4 Peru
- 12.5.4.1 Market Size and Forecast, By Component
- 12.5.4.2 Market Size and Forecast, By Encryption Type
- 12.5.4.3 Market Size and Forecast, By End-use
- 12.5.5 Chile
- 12.5.5.1 Market Size and Forecast, By Component
- 12.5.5.2 Market Size and Forecast, By Encryption Type
- 12.5.5.3 Market Size and Forecast, By End-use
- 12.5.6 Venezuela
- 12.5.6.1 Market Size and Forecast, By Component
- 12.5.6.2 Market Size and Forecast, By Encryption Type
- 12.5.6.3 Market Size and Forecast, By End-use
- 12.5.7 Rest of Latin America
- 12.5.7.1 Market Size and Forecast, By Component
- 12.5.7.2 Market Size and Forecast, By Encryption Type
- 12.5.7.3 Market Size and Forecast, By End-use
- 13 Middle East Email Encryption Market Analysis and Forecast (2023-2030)
- 13.1 Introduction
- 13.2 Middle East Email Encryption Market Share Analysis, By Component
- 13.3 Middle East Email Encryption Market Size and Forecast, By Encryption Type
- 13.4 Middle East Email Encryption Market Size and Forecast, By End-use
- 13.5 Middle East Email Encryption Market Size and Forecast, By Country
- 13.5.1 Saudi Arabia
- 13.5.1.1 Market Size and Forecast, By Component
- 13.5.1.2 Market Size and Forecast, By Encryption Type
- 13.5.1.3 Market Size and Forecast, By End-use
- 13.5.2 UAE
- 13.5.2.1 Market Size and Forecast, By Component
- 13.5.2.2 Market Size and Forecast, By Encryption Type
- 13.5.2.3 Market Size and Forecast, By End-use
- 13.5.3 Egypt
- 13.5.3.1 Market Size and Forecast, By Component
- 13.5.3.2 Market Size and Forecast, By Encryption Type
- 13.5.3.3 Market Size and Forecast, By End-use
- 13.5.4 Kuwait
- 13.5.4.1 Market Size and Forecast, By Component
- 13.5.4.2 Market Size and Forecast, By Encryption Type
- 13.5.4.3 Market Size and Forecast, By End-use
- 13.5.5 South Africa
- 13.5.5.1 Market Size and Forecast, By Component
- 13.5.5.2 Market Size and Forecast, By Encryption Type
- 13.5.5.3 Market Size and Forecast, By End-use
- 13.5.6 Rest of Middle East & Africa
- 13.5.6.1 Market Size and Forecast, By Component
- 13.5.6.2 Market Size and Forecast, By Encryption Type
- 13.5.6.3 Market Size and Forecast, By End-use
- 14 Competitive Analysis
- 14.1 Competition Dashboard
- 14.2 Market share Analysis of Top Vendors
- 14.3 Key Development Strategies
- 15 Company Profiles
- 15.1 Cisco Systems Inc
- 15.1.2 Offerings
- 15.1.3 Key Financials
- 15.1.4 Business Segment & Geographic Overview
- 15.1.5 Key Market Developments
- 15.1.6 Key Strategies
- 15.2 Proofpoint Inc
- 15.2.2 Offerings
- 15.2.3 Key Financials
- 15.2.4 Business Segment & Geographic Overview
- 15.2.5 Key Market Developments
- 15.2.6 Key Strategies
- 15.3 Micro Focus International plc
- 15.3.1 Overview
- 15.3.2 Offerings
- 15.3.3 Key Financials
- 15.3.4 Business Segment & Geographic Overview
- 15.3.5 Key Market Developments
- 15.3.6 Key Strategies
- 15.4 Sophos Ltd
- 15.4.1 Overview
- 15.4.1 Overview
- 15.4.2 Offerings
- 15.4.3 Key Financials
- 15.4.4 Business Segment & Geographic Overview
- 15.4.5 Key Market Developments
- 15.4.6 Key Strategies
- 15.5 Zix Corporation
- 15.5.1 Overview
- 15.5.2 Offerings
- 15.5.3 Key Financials
- 15.5.4 Business Segment & Geographic Overview
- 15.5.5 Key Market Developments
- 15.5.6 Key Strategies
- 15.6 Entrust Datacard Corporation
- 15.6.1 Overview
- 15.6.2 Offerings
- 15.6.3 Key Financials
- 15.6.4 Business Segment & Geographic Overview
- 15.6.5 Key Market Developments
- 15.6.6 Key Strategies
- 15.7 Mimecast Limited
- 15.7.1 Overview
- 15.7.2 Offerings
- 15.7.3 Key Financials
- 15.7.4 Business Segment & Geographic Overview
- 15.7.5 Key Market Developments
- 15.7.6 Key Strategies
- 15.8 Virtru Corporation
- 15.8.1 Overview
- 15.8.2 Offerings
- 15.8.3 Key Financials
- 15.8.4 Business Segment & Geographic Overview
- 15.8.5 Key Market Developments
- 15.8.6 Key Strategies
- 15.9 Proton Technologies AG
- 15.9.1 Overview
- 15.9.2 Offerings
- 15.9.3 Key Financials
- 15.9.4 Business Segment & Geographic Overview
- 15.9.5 Key Market Developments
- 15.9.6 Key Strategies
- 15.10 Egress Software Technologies Ltd
- 15.10.1 Overview
- 15.10.2 Offerings
- 15.10.3 Key Financials
- 15.10.4 Business Segment & Geographic Overview
- 15.10.5 Key Market Developments
- 15.10.6 Key Strategies
- 15.11 Trend Micro Inc
- 15.11.1 Overview
- 15.11.2 Offerings
- 15.11.3 Key Financials
- 15.11.4 Business Segment & Geographic Overview
- 15.11.5 Key Market Developments
- 15.11.6 Key Strategies
- 15.12 Echoworx Corporation
- 15.12.1 Overview
- 15.12.2 Offerings
- 15.12.3 Key Financials
- 15.12.4 Business Segment & Geographic Overview
- 15.12.5 Key Market Developments
- 15.12.6 Key Strategies
Pricing
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