The sudden challenges created by the ongoing COVID-19 are captured effectively to exhibit the long term growth projections in the MRFR report on Email Security Market Report. The growth sectors of the Email Security Market Report are identified with precision for a better growth perspective.
According to the analysis by Market Research Future (MRFR) the global email encryption market is slated to reach a market valuation of USD 6.84 billion by 2024, recording a substantial CAGR of 22.0% during the review period (2019–2024).
Drivers and Restraints
The global market for email encryption is driven by several factors such as the growing utilization of emails for government, corporate, and personal communication between individuals business, or government agencies has improved the demand for email encryption to protect sensitive information from any unidentified, third party sources, or hackers. Moreover, the growing loss of assets, data, and information owing to cyber attacks and threats including malware, viruses, and spam has also risen the requirement of email encryption among numerous business organizations.
Segmental Analysis
The global market of email encryption is segmented on the basis of type, deployment, organization size, and vertical.
Based on the type, the market has been segmented boundary email encryption, client plugins, end-to-end encryption, gateway email encryption, and hybrid encryption. Based on deployment, the market has been bifurcated into the cloud and on-premise. The organization sizes present in the market are large enterprises, and small and medium enterprises (SMEs). The industry verticals that majorly adopt email encryption include BFSI, IT & telecom, government & defense, healthcare, retail, manufacturing, and others.
Regional Analysis
On the basis of region, the global email encryption market is segmented into Europe, Asia Pacific, North America, and the rest of the world (RoW).
North America accounts for the largest regional market for email encryption and is likely to retain its dominance in terms of value, over the forecast period. This significant growth is attributed to several factors such as the presence of major market players which maintain the severe competitive scenario in North America. Moreover, the early adoption of ground-breaking technologies, the established It and telecommunications industry, along with the availability of funding for research and development activities, are expected to drive the North American email encryption market over the review period.
The Asia Pacific market for email encryption is poised to grow at a the fastet growt rate over the forecast period, owing to the growing business opportunities in the region which is attracting foreign investment at a higher pace, especially from global market players focusing on the expansion of their comoanies. This is expected to contribute towards the email encryption market in the asia pacific market over the review period.
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Email Security Market ReportEmail Security is an email management solution used by an organization to secure email account from cyber-attacks, malware, spam, and phishing attacks.
The increasing growth of cloud-based services in enterprise, excessive volume of the data generated, the number of email exchanges, and increase in the vulnerability due to the adoption of BYOD are some of the drivers that are boosting the email security market.
On the other hand, lack of consumer awareness, high-cost of software and hardware and much time consumption during installation are some of the factors which may hinder the growth of the email security market.
Globally, the email security is expected to grow USD 18 billion with a CAGR of 22% during the assessment period.Key Players:Some of the prominent players in the Global Email Security market are Cisco System Inc (US), Dell Inc. (US), Fortinet (US), McAfee(US), Symantec Corporation(US), Apptix(US), Microsoft Corporation(US), Mimecast(UK), SAP SE(Germany) among others, are profiled in Market Research Future analysis and are at the forefront of competition in the Global Email Security market.Industry NewsFeb 2017, Sonic Wall launched Next- Generation Email Security with Advanced Threat Protection.Sonic Wall Email security 9.0 with capture advanced threat protection service prevents ransomware and emerging zero-day attacks.
It is available for enterprise and service providers and offers a cloud-based, multi-engine sandbox that not only inspects email traffic for suspicious code, but also blocks malicious files from entering the network until a verdict is reached.
The company also revealed a preview of Sonic OS 6.2.7 operating system, that offers better breach prevention, a new threat Application Program Interface (API), with more scalability and connectivity.Aug 2017, Dell EMC and VMware partnered to provide first data protection solution for VMware cloud on Amazon Web Services.It is introduced to deliver backup and recovery workloads running in VMware cloud on AWS.
Email Security Market reportThe sudden challenges created by the ongoing COVID-19 are captured effectively to exhibit the long term growth projections in the MRFR report on Email Security Market report.
The growth sectors of the Email Security Market report are identified with precision for a better growth perspective.The regional analysis of email security market, states that email security is most significant concern for every region.
North America region is the dominating player in the email security market owing to presence of major players in the market.
Security asset management and monitoring contributes largest market segment in the region.
Government initiatives regarding security of confidential email is driving the market in the region.
US market contributes highest revenue in the North America region.
