E-mail Encryption Market Trends 2021 Industry Key Players, Share, Segmentation and Forecast to 2027
A New Market Study, titled “E-mail Encryption Market Trends, Growth Drivers and Challenges” has been featured on Market Research Future.
During an uncertain time of COVID-19, Market Research Future has come with the latest study on the E-mail Encryption Market Trends 2020. The survey covered the impact of COVID-19 on everything, including the economy. On this, MRFR reveals that the email encryption market would be scaling up to USD 6.84 billion by 2024. This valuation could score while at a pace of 22.0% growth rate. The evaluation of the growth would take place during the years (2019 to 2024)—the forecasted period.
The study on email encryption market trends covers the effect of COVID-19 on the worldwide market. The pandemic brought about by Coronavirus (COVID-19) has influenced each part of life all-inclusive, together with the business world as well. This has also brought along several changes in economic situations, which global email encryption market has also suffered. But with some prevailing trends and factors, the market stands to be hopeful in gaining more valuation post-COVID 19 situation.
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The foremost driving factors of the email encryption market are rigid government regulation and compliance that mandate adoption of encryption in various verticals and proliferation in the number of cyber-attacks. In fact, programmers also use email encryption technology to shelter confidential and personal data from malicious programmers is yet again, an essential driving factor boosting the growth of the market.
Email Encryption engross encrypting or disguising, the content of email message concerning protecting potentially sensitive information from being read by anyone than intended receipt recipients. Email Encryption often includes authentication. The most common reason today companies choose to encrypt emails is that protect secret information, which is pinpoint factor liable for the market’s growth.
Furthermore, the intensifying demand for cloud-based services along with escalating data security concerns and privacy regulations is the prime factor motivating the growth of the market. On the same note, frequent instances of phishing and spam emails are also optimistically influencing the market.
The market in terms of type segment, it includes gateway email encryption, end-to-end encryption, hybrid encryption, boundary email encryption, and client plug-ins.
The market in terms of organization size segment includes large enterprises and SMEs.
The market in terms of the deployment segment includes cloud and on-premise.
The market in terms of vertical segment, it includes government & defence, BFSI, healthcare, IT & telecom, retail, manufacturing, and others.
MRFR’s report has also analyzed the competitive landscape of the email encryption market with some of the essential regions such as North America, Europe, Asia-Pacific, and the rest of the world.
North America is anticipated to grasp the highest share of the email encryption market from 2018 to 2023, in support of early adoption of the email encryption solution across diverse industry verticals, expressly in the BFSI and healthcare industry verticals. The concentrated incidence of a large number of email encryption solution and services providers in the US from the North American region is also anticipated to motivate revenue growth for the region.
The Asia Pacific (APAC) market also might expand at the highest CAGR during the assessment period. APAC will also witness a notable adoption of the technology as enterprises and SMEs across various industry verticals are now adopting email encryption solutions in concern with secure business-critical email information from misuse by computer hackers for monetary gains and sophisticated cyber-attacks. The developed APAC countries such as India, ANZ, and China, have incorporated email encryption solutions to fulfil compliance requirements and data security needs of businesses.
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MRFR recognizes some top industry players in the global email encryption market as Symantec Corporation(US), Micro Focus International PLC (UK), Trend Micro Inc.(Japan), Cisco Systems, Inc.(US), Proofpoint, Inc. (US), Sophos Group PLC (UK), Zix Corporation (US), Egress Software Technologies Ltd (UK), BAE Systems PLC (UK), Mimecast Services Limited(US), Entrust Datacard Corporation (US), and Intermedia.net, Inc.(US).
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