Email Encryption Market: Introduction
Transparency Market Research delivers key insights on the global email encryption market. In terms of revenue, the global email encryption market is estimated to expand at a CAGR of 25% during the forecast period, owing to numerous factors regarding which TMR offers thorough insights and forecasts in its report on the global email encryption market.
The global email encryption market is broadly impacted by several factors, such as increasing focus on cyber security, security during one-to-one communication, business email security, and rising volume of emails across the globe.
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Email Encryption Market: Dynamics
Email encryption is majorly used to protect potentially sensitive information within enterprises or organizations on email/communication channel. Email confidentiality is maintained essentially by two approaches. The primary approach involves converting a sent email into an encrypted file, which is attached to a separate email, whereas the secondary approach requires the recipient to retrieve the encrypted email from a secure portal. The conversion of a sent email into an encrypted file, which is attached to a separate email, is known as push solution for email encryption, whereas when the recipient retrieves their encrypted email from a secure portal, it comes under the pull solution for email encryption. Within the pull solution for email encryption, a user gets a notification such as an email or SMS that directs them to a web portal (the portal works very like an interface from familiar email service providers such as Gmail), where they can login and retrieve the encrypted message.
The preferred mode of deployment for communication platforms across enterprises is shifting toward the cloud-based deployment option. The major reason for adoption of cloud-based deployment is the cost benefit in the long term.
Email Encryption Market: Prominent Regions
Presently, North America holds the dominant position in terms of revenue in the email encryption market. The email encryption market in North America is expected to reach US$ 6,185.6 Mn by the end of year 2030 from US$ 973.4 Mn in year 2019, at a CAGR of 19.3% during the forecast period. Increasing adoption of email encryption by small & medium enterprises is the major reason for the growth of the email encryption market in this region.
Email Encryption Market: Key Players
Key players operating in the global email encryption market are Broadcom Inc. (CA Technologies), Cisco Systems, Inc., Dell Technologies Inc., Hewlett Packard Enterprise Development LP, IBM Corporation, McAfee, Inc., Micro Focus, Microsoft Corporation, Tenable, Inc., Trend Micro Incorporated, Juniper Networks Inc., Sophos Ltd., Mimecast Services Limited, Proofpoint, Inc., Forcepoint, Skybox Security, Inc. and Virtru.
Global Email Encryption Market: Segmentation
Email Encryption Market, by Component
- Boundary Email Encryption
- Gateway-to-gateway Email Encryption
- End to End Email Encryption
- Hybrid E-mail Encryption
- Installation & Integration
- Consulting, Training & Support
Email Encryption Market, by Server Type
- Cloud-based Email Server
- On-premise Email Server
Email Encryption Market, by Enterprise Size
- Small & Medium Enterprise
- Large Enterprise
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Email Encryption Market, by Industry
- IT & Telecom
- Retail & Wholesale
- Media & Education
- Others (Hospitality etc.)
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