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E Mail Encryption Market

E-mail Encryption Market Forecasts to 2028 – Global Analysis By Product, Type, Organization Size, Component (Solutions and Services), Deployment Mode (Cloud and On-premises), Platform (Web and Mobile), End User and By Geography

4.5 (61 reviews)
Published: July 2021 ID: SMRC20694
4.5 (61 reviews)
Published: July 2021 ID: SMRC20694

This report covers the impact of COVID-19 on this global market
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According to Stratistics MRC, the Global E-mail Encryption Market is accounted for $3.40 billion in 2020 and is expected to reach $15.73 billion by 2028 growing at a CAGR of 21.1% during the forecast period. High cost accrued due to email attacks and breaches, rising concerns regarding loss of critical data and growth in the number of email users globally are driving the market growth. However, high cost of email encryption solutions is hampering the growth of the market.

Email is one of the most vulnerable modes of communication that can be hacked over unsecured or public networks. Encryption is one of the primary data security solutions to avoid attacks. It secures the contents of the email by making them unreadable as they get transferred over networks. The methodology principally depends on cryptography wherein the user publishes a unique key to decrypt the message. Email encryption is a vital tool for both organizations and individuals as it prevents the access of important and confidential data by unintended users.

Based on the end user, the banking, financial services & insurance (BFSI) segment is going to have lucrative growth during the forecast period as it deals with huge volumes of private and sensitive financial data. The enterprises in this industry vertical are widely using the email encryption solutions to ensure irreversible encryption.

By geography, North America is going to have high growth during the forecast period because businesses in this region are more and more implementing email encryption solutions for preventing cyber-attack commercial espionage, enabling data security and ensuring security and privacy of data to facilitate business continuity.

Some of the key players profiled in the E-mail Encryption Market include Cisco Systems, Cryptzone, Data Motion, EdgeWave, Enlock, Entrust, Hewlett-Packard, LuxSci, Mcafee (Intel), Microsoft Corporation, PKWare, Privato, Proofpoint, Sendinc and Sophos.

Report Coverage

Details

Published Year:

2021

Estimated Market Size in 2020:

USD 3.40billion

Estimated Period:

2020

Compound Annual Growth Rate (CAGR) from 2020 to 2028:

21.1%

Predicted 2028 Value:

USD 15.73billion

Forecast Years:

2021-2028

Tables, Graphs& Figures

255

Chapters Covered:

Product, Type, Organization Size, Component, Deployment Mode, Platform, End User and Region

Core Drivers and Opportunities:

  • High cost accrued due to email attacks and breaches
  • Rising concerns regarding loss of critical data
  • Growth in the number of email users globally

Restraining Factors & Market Threats:

  • High cost of email encryption solutions
  • Requirement of key management and verification solutions for encrypting keys


Products Covered:
• Pretty Good Privacy (PGP)
• Secure/Multipurpose Internet Mail Extensions (S/MIME)
• Simple Mail Transfer Protocol (SMTP) Start Transport Layer Security (TLS)

Types Covered:
• Boundary Email Encryption
• Client Plugins
• End-to-End Email Encryption
• Gateway Email Encryption
• Hybrid Email Encryption   

Organization Sizes Covered:
• Large Enterprises
• Small and Medium Enterprises (SMEs)  

Components Covered:
• Solutions
• Services

Deployment Modes Covered:
• Cloud
• On-premises

Platforms Covered:
• Web
• Mobile

End Users Covered:
• Banking, Financial Services, and Insurance (BFSI)
• Energy and Utilities
• Government and Public
• Healthcare
• Information Technology (IT) and Information Technology Enabled Services (ITeS)
• Manufacturing
• Military & Defense
• Retail and eCommerce
• Telecommunication
• Other End Users

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan       
o China        
o India       
o Australia 
o New Zealand
o South Korea
o Rest of Asia Pacific   
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2019, 2020, 2021, 2025 and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Key Questions Answered In The Report

The Global E-mail Encryption Market is majorly driven by high cost accrued due to email attacks and breaches, rising concerns regarding loss of critical data and growth in the number of email users globally.

The banking, financial services & insurance (BFSI) segment is growing at a highest CAGR as it deals with huge volumes of private and sensitive financial data. The enterprises in this industry vertical are widely using the email encryption solutions to ensure irreversible encryption.

North America dominated with a significant market share as businesses in this region are more and more implementing email encryption solutions for preventing cyber-attack commercial espionage, enabling data security and ensuring security and privacy of data to facilitate business continuity.

Asia Pacific market is growing at a highest CAGR owing to rising IT penetration in healthcare, BFSI, manufacturing, and government sector.

Key players in E-mail Encryption Market include Cisco Systems, Cryptzone, Data Motion, EdgeWave, Enlock, Entrust, Hewlett-Packard, LuxSci, Mcafee (Intel), Microsoft Corporation, PKWare, Privato, Proofpoint, Sendinc and Sophos.

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