Cloud Hosting

CHICAGO, Oct. 9, 2023 /PRNewswire/ -- The future of email encryption is probably going to include end-to-end encryption becoming more popular, quantum-safe encryption to combat new threats, enhanced usability and integration with email clients, standardised protocols, and compliance with changing laws. Email security will also be significantly improved by advanced authentication techniques, AI-driven security, and user education.

The global Email Encryption Marketsize is projected to grow from USD 6.2 billion in 2023 to USD 16.3 billion by 2028 at a CAGR of 21.3% during the forecast period, according to a new report by MarketsandMarkets. The Email Encryption market experienced substantial growth due to a surge in Email data breaches, an increase in BEC frauds and spear-phishing incidents, a rise in stringent government regulations and data privacy compliance, and advancements in encryption technology.

Browse in-depth TOC on "Email Encryption Market"

291 - Tables 49 - Figures297 - Pages

Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=182623205

Scope of the Report

Report Metrics

Details

Market size available for years

- 2017-2028

Base year considered

- 2022

Forecast period

- 20232028

Forecast units

- Value (USD Million/Billion)

Segments Covered

- Offering, Deployment, Verticals, and Regions

Geographies covered

- North America, Europe, Asia Pacific, Middle East and Africa, and Latin America

Companies covered

- Major vendors in the global Email Encryption market include Fortinet (US), BAE Systems (UK), Mimecast (UK), Cisco (US), Proofpoint (US), Zoho (India), Broadcom (US), OpenText (Canada), Barracuda Networks (US), Thales (France), HPE (US), Entrust (US), Fortra (US), Sophos (UK), Trend Micro (Japan), Seclore (US), Egress Software (UK), Echoworx (Canada), LuxSci (US), Neocertified (US), SSH Communication (Finland), Retarus (Germany), Paubox (US), PreVeil (US), Sealit Technologies (UK), SendSafely (US), and Zivver (Netherlands).

By vertical segment, the healthcare vertical will grow at the highest CAGR during the forecasted period.

The healthcare vertical is anticipated to have the highest CAGR in the Email Encryption market, primarily driven by stringent regulatory compliance demands worldwide, particularly concerning patient data protection. In many countries, such as the US, with the Health Insurance Portability and Accountability Act (HIPAA), healthcare institutions are mandated to safeguard patient health information, especially when transmitted via Email. Additionally, as cyber threats aimed at health data escalate, especially given its substantial value on the black market, healthcare institutions are progressively channeling resources into sophisticated encryption tools. They aim to bolster the security of Email communications, minimize the risk of data breaches, and sidestep significant regulatory penalties. This heightened concern for safety and regulatory imperatives propels the rapid growth in Email Encryption within the healthcare domain.

Request Sample Pages @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=182623205

By deployment, the on-premises holds the largest market size during the forecast period.

The on-premises deployment mode is anticipated to dominate the Email Encryption market during the forecasted period primarily due to the enhanced control and customization it offers organizations. Direct oversight over their Encryption infrastructure allows entities to tailor solutions to specific needs and ensures seamless integration with existing systems. Furthermore, on-premises solutions address data sovereignty and compliance concerns by keeping data within an organization's infrastructure, which is especially pertinent for sectors with stringent data residency regulations. These factors propel the on-premises deployment mode in the Email Encryption market to have the largest market size.

By region, the Asia Pacific market is to grow at the highest CAGR during the forecast period.

The Asia Pacific region, encompassing well-established economies like China, Japan, Australia, and New Zealand and emerging players like India and Singapore, is poised for the most significant CAGR during the anticipated period. This is due to its rapid digital transformation, especially in countries like India, China, and Southeast Asian nations. This transformation amplifies the volume of online communications, necessitating advanced Email Encryption solutions. Additionally, the robust growth of emerging economies in this region has led to the expansion of IT infrastructure and increased business activities, all heightening the demand for Email Encryption. Coupled with this is a rising awareness and understanding of cybersecurity prompted by the region's escalating cyberattacks and data breaches.

Top Key Companies in Email Encryption Market:

Fortinet (US), BAE Systems (UK), Mimecast (UK), Cisco (US), Proofpoint (US), Zoho (India), Broadcom (US), OpenText (Canada), Barracuda Networks (US), Thales (France), HPE (US), Entrust (US), Fortra (US), Sophos (UK), Trend Micro (Japan), Seclore (US), Egress Software (UK), Echoworx (Canada), LuxSci (US), Neocertified (US), SSH Communication (Finland), Retarus (Germany), Paubox (US), PreVeil (US), Sealit Technologies (UK), SendSafely (US), and Zivver (Netherlands) are the key players and other players in the Email Encryption market.

Recent Developments

Inquire Before Buying @ https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=182623205

Email Encryption Market Advantages

Report Objectives

To define, describe, and forecast the Email Encryption market based on offering, deployment, verticals, and regions:

Browse Adjacent Market: Information Security Market ResearchReports & Consulting

Browse Other Reports:

Data Center Transformation Market- Global Forecast to 2028

Metaverse Market- Global Forecast to 2030

AR VR Software Market- Global Forecast to 2028

Finance Cloud Market- Global Forecast to 2028

Digital Payment Market- Global Forecast to 2028

About MarketsandMarkets

MarketsandMarkets has been recognized as one of America's best management consulting firms by Forbes, as per their recent report.

MarketsandMarkets is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

Earlier this year, we made a formal transformation into one of America's best management consulting firms as per a survey conducted by Forbes.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

To find out more, visit http://www.MarketsandMarkets.com or follow us on Twitter, LinkedIn and Facebook.

Contact:Mr. Aashish MehraMarketsandMarkets INC.630 Dundee RoadSuite 430Northbrook, IL 60062USA: +1-888-600-6441Email: [emailprotected]Research Insight: https://www.marketsandmarkets.com/ResearchInsight/email-encryption-market.aspVisit Our Website: https://www.marketsandmarkets.com/Content Source: https://www.marketsandmarkets.com/PressReleases/email-encryption.asp

Logo: https://mma.prnewswire.com/media/660509/MarketsandMarkets_Logo.jpg

SOURCE MarketsandMarkets

Read more:
Email Encryption Market worth $16.3 billion by 2028 - Exclusive ... - PR Newswire