According to IMARC Group latest published report, The global email encryption market size reached US$ 2.0 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 7.9 Billion by 2027, exhibiting a CAGR of 25.97% during 2022-2027.
Year Considered to Estimate the Market Size:
Base Year of the Analysis: 2021
Historical Period: 2016-2021
Forecast Period: 2022-2027
Email encryption refers to a security mechanism used for authenticating and hiding the contents of an email from unauthorized access. It protects the contents of the email by making it unreadable when sent over the network. The system utilizes cypher code in which the user issues a secured key to decrypt the mail. Email encryption widely used by organizations and individuals as it prevents unauthorized users from accessing sensitive and confidential data. As a result, it is widely used across various industries, such as education, banking, financial services and insurance (BFSI), telecommunication and healthcare.
COVID-19 Impact Analysis
Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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Email Encryption Market Trends
The global email encryption market is primarily being driven by significant growth in the BFSI industry. Email encryption solutions are widely used to protect personal information of the consumers while sending through an email service and prevent spam, theft, manipulation and malicious hacking. Moreover, various technological advancements, such as the integration of pretty good privacy (PGP), two-factor authentication and biometrics solutions and system optimization tools to decrypt confidential emails, are favoring the market growth. Other factors, including the increasing demand for email encryption solutions in small and medium-scale enterprises (SMEs), along with the widespread adoption of cloud-based email encryption solutions, are creating a positive outlook for the market.
Competitive Landscape
Some of the major players in the market are Cisco Systems, Inc. (CSCO), Proofpoint, Symantec, Trend Micro, Zix, Cryptzone, DataMotion, Echoworx, Egress Software Technologies, Entrust, Greenview Data, HPE, McAfee, Microsoft, Sophos, Virtru, WatchGuard Technologies, etc.
Browse full report with detailed TOC and list of figures and tables: https://www.imarcgroup.com/email-encryption-market
Key Market Segmentation:
Market Segmentation by Encryption Type:
End-To-End Email Encryption
Gateway Email Encryption
Boundary Email Encryption
Hybrid Email Encryption
Client Plugins
Market Segmentation by Deployment Type:
On-Premise
Cloud Based
Market Segmentation by Component:
Solution
Service
Training and Education
Support and Maintenance
Market Segmentation by End-User:
BFSI
Healthcare
Government
IT & Telecom
Others
Market Segmentation by Organization Size:
Small and Medium Sized Organizations
Large Size Organizations
Market Segmentation by Region:
Asia Pacific
Europe
North America
Middle East and Africa
Latin America
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