The Global Email Encryption Market size 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. According to MarkNtel Advisors Study.
Global Email Encryption Market Driver:
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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Key Market Reports Highlights
- Market Dimensions & Projections
- Pricing Evaluation
- Recent Strategic Moves by Companies
- Primary Stakeholders
- Import/Export Trend Analysis
- Competitive Landscape Assessment
- Emerging Opportunities
- Market Trends and Indicators
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Global Email Encryption Market Segmentation:
The market report categorizes the market based on different segments and geographical analysis.
Study Timeline:
-Base Year: 2023
-Historical Period: 2019 to 2022
-Forecast Period: 2024 to 2030
- 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)
- By 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
- 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)
- By Region
- North America
- South America
- Europe
- The Middle East & Africa
- Asia Pacific
Competitive Landscape
With strategic initiatives, such as mergers, collaborations, and acquisitions, the leading market companies, including – BAE Systems, Fortinet, Mimecast, Cisco, Proofpoint, Zoho, Broadcom, Open Text, Barracuda Networks, Thales, Sophos, HPE, Trend Micro, Fortra, Seclore and Others are looking forward to strengthening their market positions.
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Data-Driven Insights Backed by Proven Research
We follow a tried-and-tested research methodology that blends top-down and bottom-up approaches to deliver highly accurate market insights. Every report is powered by data triangulation, ensuring well-rounded and validated findings.
From smart sample selection and reliable data collection to in-depth analysis and precise forecasting, our process is designed to minimize error and maximize impact.
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MarkNtel Advisors is a leading consulting, data analytics, and market research firm that provides an extensive range of strategic reports on diverse industry verticals. We being a qualitative & quantitative research company, strive to deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, and individuals, among others.
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