The global Email Encryption Market size is projected to grow from USD 3,406 million in 2020 to USD 11,880 million by 2026, at a Compound Annual Growth Rate (CAGR) of 23.1% during the forecast period. Major driving factors for the market include rise in BEC scams and spear phishing, growing number of email users globally, high demand for cloud-based email encryption services, and mandate to comply with data protection directives.
Download PDF Brochure : https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=182623205
Key and innovative vendors in the email encryption market include Micro Focus (UK), Broadcom (US), Cisco (US), Trend Micro (Japan), Sophos (UK), Proofpoint (US), BAE Systems (UK), Zix (US), Entrust Datacard (US), Mimecast (UK), Egress Software (UK), ProtonMail (Switzerland), Trustifi (US), Barracuda Networks (US), Intemedia (US), Clearswift (UK), Virtru (US), Echoworx (Canada), NeoCertified (US), Deltagon (Finland), DeliverySlip (US), Hornetsecurity (Germany), Datamotion (US), Virtru (US), Smarsh (US), Retarus (Germany), Lux Sci (US), Cryptzone (US), SecureAge Technology (Singapore), Paubox (US), Sendinc (US), and Frama (Denmark).
These players have adopted various growth strategies, such as partnerships, agreements and collaborations, new product launches and product enhancements, and acquisitions to expand their presence in the email encryption market. Partnerships, agreements and collaborations, and new product launches have been the most adopted strategies by the major players from 2017 to 2021 to innovate their offerings and broaden their customer base.
Micro Focus has become the largest pure-play software player, post its merger with HPE’s software division and NetIQ. The company’s innovative offerings make it one of the most trusted and deployed solution providers in the email encryption market. It makes investments in organic and inorganic growth strategies, depending on the evaluation of its security portfolio. It has been consistently focusing on strengthening its portfolio with the help of new product launches and product enhancements. For instance, in January 2020, Micro Focus introduced Voltage SmartCipher. This offering ensures secure file encryption across collaboration platforms such as email/ cloud hosted environments. The solution provides improved privacy compliance with a persistent unstructured file encryption. Furthermore, the company plans to expand its presence and strengthen its market position by adopting effective partnership strategies. It also has a specific partner program, partner portal, and partner community. This illustrates its focus on achieving growth and increasing its presence by following the strategy of managing its partners, which include business partners, solution partners, consulting and System Integrator (SI) partners, authorized distributors, training partners (commercial and academic), and authorized instructors.
Request Sample Pages : https://www.marketsandmarkets.com/requestsampleNew.asp?id=182623205
Cisco has been providing distinct products in the email encryption market. The company offers its product portfolio to various industry verticals with the help of technology integrators, resellers, and individual software vendors. Its products and services aim at providing security solutions for not only protecting and safeguarding the digital economy, business interests, and customer experiences, but also creating a competitive advantage. The company’s Research & Development (R&D) center designs and develops new technologies and solutions to meet the changing technology needs of customers. Cisco’s security solutions portfolio includes the SecureX platform, Secure Firewall, Secure Endpoint, Secure Email, Secure Workload, Anyconnect (VPN), Identity Services Engine (ISE), and Services for Security. Cisco offers email encryption capabilities with the help of its solutions Cisco Secure Email Encyrption Service, Cisco Secure Email, Cisco Advanced Phishing Protection, Cisco Cloud Mailbox Defense, and Cisco IronPort Email Encryption. The company has adopted new product launches, and partnerships and acquisitions strategies to develop advanced email security solutions.
Related Reports:
Email Encryption Market by Component (Solutions & Services), Type (End-To-End, Gateway, Hybrid, and Client Plugins), Deployment Mode (On-premises & Cloud), Organization Size, Vertical (BFSI, IT & ITeS, and Telecom), and Region - Global Forecast to 2026
Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
Industry InsightDuring an uncertain time of COVID-19, Market Research Future has come with the latest study on the global email encryption market 2020.
The survey covered the impact of COVID-19 on everything, including the economy.
The evaluation of the growth would take place during the years (2019 to 2024)—the forecasted period.Notable DevelopmentsThe study on global email encryption market covers the effect of COVID-19 on the worldwide market.
The foremost driving factors of 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.
On the same note, frequent instances of phishing and spam emails are also optimistically influencing the market.Leading SegmentsThe 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.Complete Report Details @ https://www.marketresearchfuture.com/reports/email-encryption-market-8049Regional FrontMRFR’s report has also analyzed the competitive landscape of the global 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.
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.
