Global Email Encryption Market was valued at US$ 2.4Bn in 2019 and is expected to reach US$ 9.2Bn by 2027, at a CAGR of 18.29% during a forecast period.
The report includes an analysis of the impact of COVID-19 lockdown on the revenue of market leaders, followers, and disruptors. Since the lockdown was implemented differently in various regions and countries; the impact of the same is also seen differently by regions and segments. The report has covered the current short-term and long-term impact on the market, and it would help the decision-makers to prepare the outline and strategies for companies by region.
Global Email Encryption Market
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Global Email Encryption Market Dynamics
An increasing number of data breaches is the major factor that is driving the growth of the email encryption market. The rising need for security against increasing bot traffic is also one of the major factors which fuel the growth of the email encryption market globally. Additionally, with the increase in the number of smartphone users at the workplace, the enterprise is adopting email encryption tools for the protection of their sensitive information. Also, strict regulatory requirements for data protection are also creating potential growth opportunities for the email encryption market.
Device compatibility issues and lack of common standards are the most important factors which hinder the growth of the email encryption market. Lack of skilled professionals is also one of the main challenges for the growth of the email encryption market. Furthermore, the reluctance of small and medium-sized companies towards the adoption of email encryption because of the low budget is a major factor that hampers the growth of the email encryption market globally.
Segment Analysis of the Global Email Encryption Market
The BFSI (Banking, Financial Services, and Insurance) industry vertical segment is expected to generate a major share of revenue during the forecast period owing to the growing adoption of security solutions driven by the increasing financial security threats across the organizations, which can lead to theft, hamper the reputation of organizations, and can cause massive financial losses. Moreover, email encryption is expected to play a key role in healthcare enterprises.
The cloud deployment mode segment is estimated to grow at the highest CAGR throughout the forecast period as they help reduce overall costs, while also provide highly flexible and scalable access to the email encryption solution over IT infrastructures hosted by cloud service providers. Enterprises are increasingly using their email encryption solution on the cloud to improve mobility and decentralize data storage and computing.
Regional Insights of the Email Encryption Market
Region-wise, North America is dominating the global email encryption market followed by Europe owing to the many standards and privacy regulations such as HIPAA and PCI DSS followed in those regions. The global market is emerging in the regions, for instance, Japan, Korea, Russia, China, and India because of the growing demand for advanced technological email encryption processes in those regions. The Asia Pacific region will witness a huge growth in the global market owing to the escalating demand for low-cost cloud-based services for encryption in the region.
The objective of the report is to present a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, industry-validated market data, and projections with a suitable set of assumptions and methodology. The report also helps in understanding Global Email Encryption Market dynamics, structure by identifying and analyzing the market segments and project the global market size.
Further, the report also focuses on the competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence.
Global Email Encryption Market, Key Highlights:
• Global Email Encryption Market analysis and forecast, in terms of value.
• Comprehensive study and analysis of market drivers, restraints and opportunities influencing the growth of the Global Email Encryption Market
• Global Email Encryption Market segmentation on the basis of type, source, end-user, and region (country-wise) has been provided.
• Global Email Encryption Market strategic analysis with respect to individual growth trends, future prospects along with the contribution of various sub-market stakeholders have been considered under the scope of study.
• Global Email Encryption Market analysis and forecast for five major regions namely North America, Europe, Asia Pacific, the Middle East & Africa (MEA) and Latin America along with country-wise segmentation.
• Profiles of key industry players, their strategic perspective, market positioning and analysis of core competencies are further profiled.
• Competitive developments, investments, strategic expansion and competitive landscape of the key players operating in the Global Email Encryption Market are also profiled.
The report has considered the base year of 2019 and past four years trend. 2020 figures are at actuals, however due to different dynamics of year 2020, market forecast is not only dependent upon 2020, but on the basis of 2016-2020.
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Global Email Encryption Market, by Type
• End-To-End Email Encryption
• Gateway Email Encryption
• Boundary Email Encryption
• Hybrid Email Encryption
• Client Plugins
Global Email Encryption Market, by Component
• Solution
• Services
o Training and Education
o Support and Maintenance
Global Email Encryption Market, by Deployment Mode
• On-Premises
• Cloud
Global Email Encryption Market, by Organization Size
• Small and Medium-Sized Enterprises
• Large Enterprises
Global Email Encryption Market, by Industrial Vertical
• BFSI
• Government and Defense
• IT and Telecom
• Healthcare
• Manufacturing
• Energy and Utilities
• Retail
• Others
Global Email Encryption Market, by Region
• North America
• Europe
• Asia Pacific
• Middle East & Africa
• South America
Key Players in the Global Email Encryption Market
• Micro Focus
• Symantec
• Cisco
• Trend Micro
• Sophos
• Proofpoint
• BAE Systems
• ZIX
• Entrust Datacard
• Mimecast
• Egress Software
• Intermedia
• Virtru
• Lux Scientiae (Lux Sci)
• Cryptzone
• Echoworx
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Global Email Encryption Market was valued at US$ 2.4Bn in 2019 and is expected to reach US$ 9.2Bn by 2027, at a CAGR of 18.29% during a forecast period.The report includes an analysis of the impact of COVID-19 lockdown on the revenue of market leaders, followers, and disruptors.
Since the lockdown was implemented differently in various regions and countries; the impact of the same is also seen differently by regions and segments.
The report has covered the current short-term and long-term impact on the market, and it would help the decision-makers to prepare the outline and strategies for companies by region.Global Email Encryption MarketTo know about the Research Methodology:-Request Free Sample ReportGlobal Email Encryption Market DynamicsAn increasing number of data breaches is the major factor that is driving the growth of the email encryption market.
Additionally, with the increase in the number of smartphone users at the workplace, the enterprise is adopting email encryption tools for the protection of their sensitive information.
Also, strict regulatory requirements for data protection are also creating potential growth opportunities for the email encryption market.Device compatibility issues and lack of common standards are the most important factors which hinder the growth of the email encryption market.
Furthermore, the reluctance of small and medium-sized companies towards the adoption of email encryption because of the low budget is a major factor that hampers the growth of the email encryption market globally.Segment Analysis of the Global Email Encryption MarketThe BFSI (Banking, Financial Services, and Insurance) industry vertical segment is expected to generate a major share of revenue during the forecast period owing to the growing adoption of security solutions driven by the increasing financial security threats across the organizations, which can lead to theft, hamper the reputation of organizations, and can cause massive financial losses.
Global Email Encryption Market Research Report: by Type (End-to-End Encryption, Gateway Email Encryption, Boundary Email Encryption, Hybrid Encryption and Client Plugins), by Organization Size (SMEs and Large Enterprises), by Deployment (Cloud and On-Premise), by Vertical (BFSI, Government & Defense, IT & Telecom, Healthcare, Manufacturing, Retail and others) and by Region (North America, Europe, Asia-Pacific and Rest of the World) - Forecast till 2024Market HighlightsThe global email encryption market is expected to register a CAGR of 22% during the forecast period of 2019–2024.
There are various factors contributing to the growth of the global email encryption market, such as, the increasing requirement for secured email among business organizations, industries, and individuals.
Get a Free Sample @ https://www.marketresearchfuture.com/sample_request/8049Key SegmentsBy type, the market has been segmented into end-to-end encryption, gateway email encryption, boundary email encryption, hybrid encryption, and client plugins and others.By organization size, the market has been segmented into large enterprises and SMEs.By deployment, the market has been segmented into cloud and on-premise.By vertical, the market has been segmented into BFSI, government & defense, IT & Telecom, healthcare, manufacturing, retail, and others.By region, the market has been segmented into North America, Europe, Asia-Pacific, and the rest of the world.Key PlayersMRFR recognizes the key players in the global email encryption market as Micro Focus International PLC (UK), Symantec Corporation (US), Cisco Systems, Inc. (US), Trend Micro Inc. (Japan),Sophos Group PLC (UK), Proofpoint, Inc. (US), BAE Systems PLC (UK), Zix Corporation (US), Entrust Datacard Corporation (US), Mimecast Services Limited (US), Egress Software Technologies Ltd (UK), and Intermedia.net, Inc.(US).The prominent players keep innovating and investing in research and development to present a cost-effective product portfolio.
The geographical analysis of email encryption market has been conducted for North America, Europe, Asia-Pacific, and the rest of the world.North America dominates the global email encryption market, by region, due to the early adoption of the email encryption across various industries.
Presence of technically skilled expertise and the presence of BFSI, manufacturing, and other industries which produce a significant amount of data and uses email services as a mode to transfer this information accounts for the high adoption rate of e-mail encryption in the region.
The US holds the largest market share in North America, followed by Canada and Mexico.
The survey covered the impact of COVID-19 on everything, including the economy.
On this, MRFR reveals that the global email encryption market would be scaling up to USD 6.84 billion by 2027.
This valuation could score while at a pace of 22.0% growth rate.
The evaluation of the growth would take place during the years (2020 to 2027)—the forecasted period.Notable DevelopmentsThe study on global email encryption market covers the effect of COVID-19 on the worldwide market.
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.Get a Free Sample @ https://www.marketresearchfuture.com/sample_request/8049 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.
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.
