Reliable Data You Can Trust
Reliable Data You Can Trust
A recent report published by Infinium Global Research on the e-mail encryption market provides an in-depth analysis of segments and sub-segments in the global as well as regional e-mail encryption market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional e-mail encryption market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of the global e-mail encryption market. According to the report, the global e-mail encryption market is projected to grow at a CAGR of 20% over the forecast period of 2021-2027. The market grew from over USD 4 billion in 2021 to nearly USD 13 billion in 2027.
Email encryption is the encryption
of email messages in order to protect the content from being read by an
unintended or unauthorized individual. Email encryption may also include
authentication in it. It is necessary while sharing sensitive information via
email. It scrambles the original sent message and converts it into an
unreadable format. Email encryption solutions use public-key cryptography and
digital signature mechanisms in order to encrypt email messages. The solutions
do not follow a standard architecture but depend on gateway software that
enables the enforcement of policy-based encryption. Email encryption software
typically uses three types of encryption formats such as Pretty Good Privacy
(PGP), Secure Multipurpose Internet Mail Extension (S/MIME), and Transport Layer
Security (TLS). The solutions are ideal for those organizations that host their
own email services. The two main protocols used for encrypting emails are
Encrypting an email while it’s in transit, End-to-end email encryption. The
COVID-19 outbreak had a significant impact on every industrial sector including
individuals as well as businesses across the globe. The internet ecosystem
played a vital role during the first few months of pandemics across the globe.
Due to various government regulations imposed by the government both public and
private enterprises had to hold new practices of teleworking and maintaining
social distance. Individuals and organizations had inclined more toward using
digital technologies such as email encryption, email security, and Data Loss
Prevention due to which use of mobile devices and internet penetration had
increased across the globe. Email scam rate had increased due to which the
organization became more aware of protecting their confidential data on email
servers. Email encryption solutions enable organizations to scramble email data
to protect their resources from cyber-attacks.
Over the past few years,
organizations are been majorly hit by cyber-attacks, such as email-based
phishing and BEC scams, leading them to heavy financial losses. Therefore, the
increasing demand for secure communications is expected to drive innovations
across the global e-mail encryption market during the forecast period. During
the covid pandemic, organizations faced challenges in securing the data due to
various cyber-attacks. Email encryption solutions help organizations and users
in reducing the risk of data loss on email platforms but the adoption of email
encryption is higher in cost in order to deploy the solutions. The price of the
solution scales up according to the size of the file to be encrypted. The
rapidly growing IT infrastructure has given rise to new and sophisticated
threats, due to which the demand for cloud-based email encryption services has
increased providing an opportunity for its market growth.
Among the regions, North America
accounted for the largest share of the global E-mail Encryption Market. Due to
the early adoption of new technologies of email encryption and the presence of
major market players in this region to drive its market growth. Moreover, the
organization in this region is implementing email encryption solutions for
enabling data security, prevention of cyber-attacks and commercial surveillance and ensuring that the security and privacy of data will facilitate business
continuity. However, the Asia Pacific region is anticipated to grow at the
highest rate in the global E-mail Encryption Market over the forecast period.
The demand for cloud services, data, privacy security concerns, and
advanced Email Encryption in countries like China, Japan, and India dominate
its growth as they are technologically advanced nations.
The report on global e-mail
encryption market covers segments such as type, organization size, deployment,
and vertical. On the basis of type, the sub-markets include end-to-end
encryption, gateway email encryption, boundary email encryption, and hybrid
encryption and client plugins. On the basis of organization size, the
sub-markets include SMEs and large enterprises. On the basis of deployment,
the sub-markets include cloud and on-premise. On the basis of vertical, the
sub-markets include BFSI, government & defense, IT & Telecom,
healthcare, manufacturing, retail, and others.
The report provides profiles of
the companies in the market such as IBM Corporation, Cisco Systems, Inc, Micro
Focus, Sophos, BAE Systems, Virtru, Symantec, ZIX, Microsoft Corporation, and
Broadcom.
The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of the e-mail encryption market. Moreover, the study highlights current market trends and provides forecast from 2021-2027. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.
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