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Email Encryption Market Size, Growth, Global Trends, Forecast 2020-2026
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
Industry Insights
[187+ Pages Report] According to the report published by Facts and Factors, the global email encryption market size was valued around USD 4.68 billion in 2020 and is expected to grow to around USD 15 billion by 2026 with a compound annual growth rate (CAGR) of roughly 21.4% between 2021 and 2026. The report analyzes the global email encryption market drivers, challenges, and the impact they have on the demands during the forecast period. In addition, the report explores emerging opportunities in the email encryption market.
Market Overview
In the age of ever-changing formats of conflict, new fronts have been opening up and cybersecurity has emerged as the greatest non-physical threat. Email encryption nulls the usage of unauthorized access towards an invalid recipient. Email encryption is the technology that converts text that requires a private code to unwind to the original message. In most cases, encryption requires authentication from the sender as well as the receiver. Most email encryption usages point toward dispatching sensitive information such as login credentials or bank account numbers.
Industry Growth Factors
Rapid adaption of technology such as cloud-based services has cleared the pathway for small and medium scaled industries to usher towards the big players. Furthermore, an increase in the intensity of phishing and BEC scams leading to incredible financial losses push the requirements for better encryption solutions. Other factors that have enabled requiring email encryption as standard practices can be marked down to rise in targeted malware attacks, rise of misinformation spread during the pandemic and an escalation of spoofing of customers and employees for additional financial gains.
Several firms across the world rely heavily on emails as the most basic form of conversation. Over the year various government bodies across the world have formed their separate entities regarding concerns for data privacy and security leading to the formation of stringent policies. Policies that demand better protection of their citizens, as well as specific conditions for operation such as setting the location of server spaces within boundaries of the country, are being put in place. As such policies become effective; companies will begin opting for a superior security measure in order to stay applicable. However, the higher cost of initial purchase and installation and the better lack of an alternate solution hinders the growth of the market to a certain degree.
Segmentation Analysis
The Email encryption market can be segmented in accordance with components, type, deployment mode, industry verticals, industry size, and regions.
The component segment can be further segregated to solutions and services. The service segment can be further broken down into training & education and support & maintenance. The service segment will occupy the larger share from the latter with an increase in prevalence of organizations to rely on email-based communication. The type segment can be disintegrated into end-to-end encryption, hybrid, client-plugins, and gateway. The deployment mode segment breaks down into on-premises and cloud-based services. The cloud-based services are expected to witness a higher growing CAGR due to the mobility and speedy solutions. The industry verticals can be further categorized into Healthcare, BSFI, Government and public services, Energy & Utilities, Manufacturing & Retail, Telecom & ITI, and others. The BSFI and IT & Telecom sectors are expected to grow at the highest rate as they are the most targeted due to the high volume of diplomatic information they hold. Based on the industry size, the market can be segmented into large enterprises and SME’s. The large-scale industry account for the highest market share in the latter segment due to an uproar of spending on additional security means.
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, among 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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Regional Analysis
North American region is expected to carry the highest margin in terms of market share due to early acquisition alongside visible existence of vendors that provide email encryption. Furthermore, reasons pertaining to awareness among organizations to secure data from cypher-attacks and other phishing scams led to implementation of email encryption on their servers.
Europe and Asia-Pacific region will contribute a larger share in revenue in market share as both regions are expected to witness a boom due to rise in inception of IT services, Healthcare sector and government utilities. As most organizations communicate via email among these regions, the need for an encrypted email system in place sounds more viable and necessary.
Competitive Players
Some main participants of the global email encryption market are:
- Micro focus International PLC
- Sophos Group PLC
- Zix Corporations
- Microsoft Corporation
- CISCO systems
- Entrust Inc.
- Proofpoint
- BAE Systems
- Trend Micro
By Component Segment Analysis
- Solution
- Services
- Training & Education
- Support & Maintenance
By Type Segment Analysis
- End-to-end email encryption
- Hybrid
- Client-plugins
- Gateway
By Deployment Mode Segment Analysis
- On-premises
- Cloud-based
By Industry Vertical Segment Analysis
- Healthcare
- BSFI
- Government and public services
- Energy & Utilities
- Manufacturing & Retail
- Telecom & ITI
- Others
By Regional Segment Analysis
- North America
- The U.S.
- Canada
- Mexico
- Europe
- France
- The UK
- Spain
- Germany
- Italy
- Nordic Countries
- Denmark
- Sweden
- Norway
- 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
Table of Content
Industry Major Market Players
- Micro focus International PLC
- Sophos Group PLC
- Zix Corporations
- Microsoft Corporation
- CISCO systems
- Entrust Inc.
- Proofpoint
- BAE Systems
- Trend Micro
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