Press Release Description

Email Encryption Market to Record an Impressive CAGR of 18.5% During 2024-30

The Global Email Encryption Market size was valued at around 5.5 billion in 2023 and is estimated to grow at a CAGR of around 18.5% during the forecast period, i.e., 2024-30, cites MarkNtel Advisors in the recent research report. Currently, a notable increase in email data breaches has led to a surge in the demand for email encryption, aiming to enhance the security of transmitted emails. The enforcement of stringent regulatory policies by various cybersecurity organizations, incorporating specific email encryption regulations, has found acceptance across different end-user industries, thereby contributing to the market's expansion.

Email encryption plays a pivotal role as a security solution, encompassing the encryption of email content to safeguard against unauthorized access. This process converts unencrypted plain-text emails into cipher text, decipherable only by individuals with the appropriate authorization. The primary objective of email encryption is to ensure the confidentiality & privacy of sensitive information exchanged via email.

Furthermore, the integration of AI & ML can enhance user experience by providing personalized & adaptable encryption solutions based on user preferences, behavior, and context. Market players are incorporating AI and ML to advance email security, as exemplified by SlashNext's introduction of Generative HumanAI™ in February 2023. This innovative solution offers comprehensive cloud email protection, defending against various attacks and creating opportunities for market expansion.

Additionally, email remains a prevalent mode of communication for sharing information with customers, businesses, and partners. Furthermore, despite the increasing use of social media channels such as LinkedIn, Facebook, Twitter, and Google+, emails continue to be a reliable form of corporate communication. Consequently, these factors are anticipated to propel the growth of the Email Encryption Market throughout the forecast period, further states the research report, “Global Email Encryption Market Analysis, 2024.”

Global Email Encryption Market

Global Email Encryption Market Segmentation Analysis

On-premises to Lead the Email Encryption Market

Based on Deployment, the market is fragmented into On-premises and Cloud. Of them, the On-premise segment has significantly contributed to the Email Encryption Market and is expected to experience growth in the foreseeable future. On-premise deployment means hosting encryption solutions within an organization's infrastructure, giving complete control over security measures, and allowing for customization to meet specific compliance and regulatory requirements. This deployment model is especially popular among enterprises with strict security policies, specific requirements for handling sensitive data, or those operating in highly regulated industries.

North America to Capture Lion’s Share in the Market

North America, currently boasts the largest share in the Email Encryption Market and is expected to sustain its leading position from 2024 to 2030. The region acts as a central hub for top-tier email encryption service providers such as Proofpoint, Inc., Cisco Systems, Inc., and Entrust Datacard. The growing emphasis on data security and the need for protection against cyber-attacks are key factors propelling the growth of the North America Email Encryption Market.

Competitive Landscape

With strategic initiatives, such as mergers, collaborations, and acquisitions, the leading market players, including BAE Systems, Fortinet, Mimecast, Cisco, Proofpoint, Zoho, Broadcom, Open Text, Barracuda Networks, Thales, Sophos, HPE, Trend Micro, Fortra, and Seclore, are looking forward to strengthening their market position.

Key Questions Answered in the Research Report

  1. What are the industry’s overall statistics or estimates (Overview, Size- By Value, Forecast Numbers, Segmentation, Shares)?
  2. What are the trends influencing the current scenario of the Email Encryption Market?
  3. What key factors would propel and impede the industry across the region?
  4. How has the industry been evolving in terms of geography & product adoption?
  5. How has the competition been shaping across various countries?
  6. How has the buying behavior, customer inclination, and expectations from product manufacturers been evolving during 2019-30?
  7. Who are the key competitors, and what strategic partnerships or ventures are they coming up with to stay afloat during the projected time frame?

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