17-May-2021 | Facts and Factors
As per the market research report published by Facts and Factors, the global email encryption market was valued at USD 4.68 Billion in 2020. This market is further expected to generate revenue of around USD 15 Billion by end of 2026, growing at a CAGR of around 21.4% between 2021 and 2026.
The drive for complete security measures as emails are being contextualized for all forms of communication in small and big firms alike has always been vital since the boom of the internet. The global email encryption market is driven by a litany of factors credited towards an increase in cloud-based solutions, stringent policy regulations, and increased regard for data privacy.
Browse the full “Email Encryption Market By Component (Solution and Services), By Type (End-to-end Encryption, Hybrid, Client-plugins, and Gateway), By Deployment Mode (On-premises and Cloud-based), By Industry Verticals (Healthcare, BSFI, Government and Public Services, Energy & Utilities, Manufacturing & Retail, Telecom & ITI, and Others), By Industry Size (Large Enterprises & SME’s), and By Region: Global Industry Perspective, Comprehensive Analysis, and Forecast, 2020 – 2026” report at https://www.fnfresearch.com/email-encryption-market.
Data privacy is a grey area among several lawmakers across government bodies all over the world. However, as technological advancements are being progressed, security threats such as BEC & phishing scams, earmarked malware charges, fear of financial losses, and escalated spoofing practices have risen. To counter the following, a general spike in email encryption software and services has been observed as the technology advances to get superior.
Market Dynamics
A large number of service providers in the email encryption space along with the increased intensity of phishing emails and significant changes are being implemented in order to keep the market a highly competitive industry. Intense research and development are being followed across all the major players in the market. However, collaborations such as WireWheel, a tech firm that deals with data privacy services, and Virtru, a tech firm that provides data protection solutions paved the way to help consumers across the globe understand the manner in which data is collected, processed & shared. Such joint reforms are often seen with tech firms processing a common goal with the collective firepower.
The deployment segment can be broken down into on-premises solutions & cloud-based solutions. The cloud-based solution accounts for the largest market share in the segment due to the ease of convenience of rapid services over the internet. Services can be rendered, stationed, and continued all from a single point of contact to and fro. The services are provided through Managed Security Service (MSS) analyst who provides remote assistance and produces service reports in the instance of skeptical activities.
The industry verticals are categorized into Healthcare, BSFI, Government and public services, Energy & Utilities, Manufacturing & Retail, Telecom & ITI, and others. From which, BSFI and IT & Telecom industries account for the highest growth CAGR in this sector owing to the large deck of public information on board. Over the years, the industry has witnessed a huge growth of stolen data leaked on the Internet in the form of personally identifiable information (PII) and electronic health records (EHR) as IT services are provided. The BSFI and IT & Telecom industries have become the most susceptible to cypher attacks as email encryption has become a viable service in order to provide a protection layer between the hackers and the dearth of data.
North America Region Dominates the Global Email Encryption Market
North American region, especially the United States of America had an early head start diving in the depth of encryption technology. And as such the region has developed the most sophisticated tools to deal with threats related to the latter. The economic advantage coupled with the major geographic and geopolitical stance with a lavish amount of revenue spent of research and development, partnerships and acquisitions and mergers with similar technological firms, North American region is expected to witness the highest growth CAGR in the space over the forecast period.
Report Scope
Report Attribute |
Details |
Market Size in 2020 |
USD 4.68 Billion |
Projected Market Size in 2026 |
USD 15 Billion |
CAGR Growth Rate |
21.4% CAGR |
Base Year |
2020 |
Forecast Years |
2020-2026 |
Key Market Players |
Micro focus International PLC, Sophos Group PLC, Zix Corporations, Microsoft Corporation, CISCO systems, Entrust Inc., Proofpoint, BAE Systems, Trend Micro, and Others |
Key Segment |
By Component, Type, Deployment, Industry, and Region |
Major Regions Covered |
North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa |
Purchase Options |
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Top Market Players
Major players operative in the email encryption market is Micro focus International PLC, Sophos Group PLC, Zix Corporations, Microsoft Corporation, CISCO Systems, Entrust Inc., amongst others.
The global email encryption market is segmented as follows:
Global Email Encryption Market: By Component Segment Analysis
- Solution
- Services
- Training & Education
- Support & Maintenance
Global Email Encryption Market: By Type Segment Analysis
- End-to-end Email encryption
- Hybrid
- Client-plugins
- Gateway
Global Email Encryption Market: By Deployment Mode Segment Analysis
Global Email Encryption Market: By Industry Vertical Segment Analysis
- Healthcare
- BSFI
- Government and public services
- Energy & Utilities
- Manufacturing & Retail
- Telecom & ITI
- Others
Global Email Encryption Market: By Regional Segment Analysis
- North America
- Europe
- France
- The UK
- Spain
- Germany
- Italy
- Nordic Countries
- Benelux Union
- Belgium
- The Netherlands
- Luxembourg
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- Australia
- South Korea
- Southeast Asia
- Indonesia
- Thailand
- Malaysia
- Singapore
- Rest of Southeast Asia
- Rest of Asia Pacific
- The Middle East & Africa
- Saudi Arabia
- UAE
- Egypt
- South Africa
- Rest of the Middle East & Africa
- Latin America
- Brazil
- Argentina
- Rest of Latin America
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