The global email encryption market size exhibited strong growth during 2015-2020. Looking forward, IMARC Group expects the market to grow at a CAGR of around 20% during 2021-2026, according to the latest report by IMARC Group.
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.
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COVID-19 Impact Analysis
As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
Global 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.
Some of the major players in the market are 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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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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