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Email Encryption Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026

Email Encryption Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026

  • June 2021
  • 109 pages
  • ID: 5827191
  • Format: PDF
  • IMARC Group

Summary

Table of Contents

The global email encryption market exhibited strong growth during 2015-2020.

Email encryption refers to the authentication mechanism of encoding and disguising the contents of an email to protect it from unauthorized access. Email is an extremely vulnerable mode of communication that can be hacked over unsecured or public networks. Encryption is one of the primary data security solutions in the present times. It secures the contents of the email by making them unreadable as they get transferred over networks. The methodology primarily depends on cryptography wherein the user publishes a key to decrypt the message. Email encryption is an essential tool for both organizations and individuals as it prevents the access of important and confidential data by unintended users.

The rising demand for cloud-based services along with increasing data security concerns and privacy regulations is the key factor driving the growth of the market. Furthermore, frequent instances of phishing and spam emails are also positively influencing the market. With a significant increase in the usage of email services by corporate organizations and individuals, the probability of unauthorized and unidentified sources accessing the content has increased. This has encouraged consumers to implement email encryption to secure their sensitive data against losses and manipulation. Additionally, it also prevents cyber threats and attacks through malware, spam, viruses, Business Email Compromise (BEC) and other intrusions that expose sensitive enterprise information. Moreover, the thriving banking, financial services, and insurance (BFSI) and healthcare industries are also driving the market growth. The organizations within these industries now store their data on the cloud and operate on the pay-per-use model of the encryption service. This provides flexibility and scalability to accommodate the diverse needs of organizations and reduces the dependence on the internal IT personnel along with licensing and maintenance costs for the user. Looking forward, the analyst expects the global email encryption market to grow at a CAGR of around 20% during the forecast period (2021-2026).

Report Coverage:
Historical, Current and Future Market Trends

Market Breakup by Encryption Type:
End-To-End Email Encryption
Gateway Email Encryption
Boundary Email Encryption
Hybrid Email Encryption
Client Plugins

Market Breakup by Deployment Type:
On-Premise
Cloud Based

Market Breakup by Component:
Solution
Service
Training and Education
Support and Maintenance

Market Breakup by End-User:
BFSI
Healthcare
Government
IT & Telecom
Others

Market Breakup Organization Size:
Small and Medium Size Organizations
Large Size Organizations

Market Breakup by Region:
North America
Asia Pacific
Europe
Middle East and Africa
Latin America

Competitive Landscape:
The report has also analyzed the competitive landscape of the market with some of the key players being Cisco Systems, Proofpoint, Symantec, Trend Micro, Zix, Cryptzone, DataMotion, Echoworx, Egress Software Technologies, Entrust, Greenview Data, HPE, McAfee, Microsoft, Sophos, Virtru, WatchGuard Technologies, etc.

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