Email Encryption Market Size, Share, Trends, Demand, Growth and Competitive Analysis| MarkNtel
MarkNtel Advisors recently published a detailed industry analysis of the Email Encryption Market. The report covers growth trends, geographical marketing strategies, challenges, opportunities, and drivers influencing the market.
Email Encryption Market Size, Share, and
Trends Analysis Report – Industry Overview and Forecast to 2030
The Email Encryption Market size was valued
at around 5.5 billion in 2023 and is estimated to grow at a CAGR of around
18.5% during the forecast period, i.e., 2024-30.
What are
the major Driver the Email Encryption industry?
Rising Incidents of Email Data Breaches
& Extensive Use of Emails to Infuse the Market Growth – A key driver propelling the expansion of
the Email Encryption Market is the escalating occurrence of email data
breaches, posing substantial risks to the confidentiality & security of
personal and business data. According to Statista reports, the global email
subscriber count reached approximately 4.26 billion in 2022 and is anticipated
to rise to nearly 4.73 billion by 2026.
Given its
widespread adoption, email remains a significant cybersecurity vulnerability,
with about 94% of malware transmitted through email in 2021, as reported by
Egress. Email encryption acts as a preventive measure, protecting email content
and attachments from unauthorized access or manipulation, thereby mitigating
potential losses.
Additionally,
email is a common mode of communication for sharing information with customers,
businesses, and partners. Despite the growing use of social media channels such
as LinkedIn, Facebook, Twitter, and Google+, emails remain a reliable form of
corporate communication. As a result, these factors are expected to drive Email
Encryption Market growth throughout the forecast period.
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What segments define the Email Encryption
market from 2024 to 2030? How do these segments contribute to market dynamics
and growth?
- By
Component
- Solution- Market Size & Forecast 2019-2030, (USD Million)
- Services- Market Size & Forecast 2019-2030, (USD Million)
- By
Deployment
- On Premises- Market Size & Forecast 2019-2030, (USD Million)
- Cloud - Market Size & Forecast 2019-2030, (USD Million)
According to report, The On-premise segment
held a substantial share of the Email Encryption Market and is poised to
flourish in the coming years.
- End
Users
- BFSI- Market Size & Forecast 2019-2030, (USD Million)
- Healthcare- Market Size & Forecast 2019-2030, (USD Million)
- Government & Defense- Market Size & Forecast 2019-2030,
(USD Million)
- IT & ITeS- Market Size & Forecast 2019-2030, (USD Million)
- Telecom- Market Size & Forecast 2019-2030, (USD Million)
- Retail- Market Size & Forecast 2019-2030, (USD Million)
- Ecommerce - Market Size & Forecast 2019-2030, (USD Million)
- Others
According to report, The BFSI sector would
account for a prominent share of the Email Encryption Market growth due to the
increasing cases of fraudulent activities.
- By
Type
- End-To-End Email Encryption- Market
Size & Forecast 2019-2030, (USD Million)
- Gateway Email Encryption- Market Size
& Forecast 2019-2030, (USD Million)
- Hybrid Email Encryption- Market Size
& Forecast 2019-2030, (USD Million)
- By
Enterprise Size
- Large Enterprise - Market Size &
Forecast 2019-2030, (USD Million)
- Medium & Small Enterprise- Market
Size & Forecast 2019-2030, (USD Million)
Explore the Complete Email Encryption
Market Analysis Report – https://www.marknteladvisors.com/research-library/email-encryption-market.html
Geographical Analysis: Email Encryption
Market
o North America
o Europe
o Asia-Pacific
o South America
o Middle East & Africa
Email Encryption Market Share &
Competitive Landscape:
The Email
Encryption Market is characterized by intense competition, with several key
players driving growth through innovation, market expansion, and strategic
investments. The competitive landscape provides valuable insights into the
industry's leading companies, highlighting their strengths, financial
performance, and market influence.
Leading Companies in the Email Encryption
Market are:
- BAE Systems
- Fortinet
- Mimecast
- Cisco
- Proofpoint
- Zoho
- Broadcom
- Open Text
- Barracuda Networks
- Thales
- Sophos
- HPE
- Trend Micro
- Fortra
- Seclore
Email Encryption Industry
Recent Development:
- April 2023: Barracuda Networks, Inc. has entered into a strategic distribution agreement with Ingram
Micro to enhance its footprint in the Gulf region. This collaboration aims
to grant resellers in the UAE, Kuwait, Qatar, Oman, Bahrain, Yemen, and
Pakistan access to Barracuda's advanced cybersecurity solutions.
Questions Addressed in this Study
1.What factors are
driving the Email Encryption Market growth?
2.How is the Email
Encryption Market expected to grow over the next five years?
3.What are the key
insights into the current trends in the Email Encryption Market?
4.What is the
current size of the Email Encryption Market, and how is it projected to change
in the future?
6.What is the
future outlook for the Email Encryption Market in terms of technological
advancements and market expansion?
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MarkNtel Advisors
is a leading research, consulting, & data analytics firm that provides an
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Our specialization
in niche industries & emerging geographies allows our clients to formulate
their strategies in a much more informed way and entail parameters like
Go-to-Market (GTM), product development, feasibility analysis, project scoping,
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& trend analysis, among others, for 15 diverse industrial verticals.
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