Market Overview: Email Encryption Market
MarkNtel Advisors, leading consulting, data analytics, and market research firm that provides an extensive range of strategic reports on diverse industry verticals. Recently published a report on Email Encryption Market and provide your business with the latest market trends and analysis from our reports to make informed decisions and stay ahead of the competition.
Email Encryption Market Insights 2024-30
The Email Encryption Market is estimated to grow at a CAGR of around 18.5% during the forecast period 2024-30.
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Driving Innovation: Exploring the Email Encryption Market and its Key Drivers
Global Email Encryption Market Driver: Rising Incidents of Email Data Breaches & Extensive Use of Emails to Infuse the Market Growth
A key driver propelling the expansion of the Email Encryption Market is the escalating occurrence of email data breaches, posing substantial risks to the confidentiality & security of personal and business data. According to Statista reports, the global email subscriber count reached approximately 4.26 billion in 2022 and is anticipated to rise to nearly 4.73 billion by 2026.
Given its widespread adoption, email remains a significant cybersecurity vulnerability, with about 94% of malware transmitted through email in 2021, as reported by Egress. Email encryption acts as a preventive measure, protecting email content and attachments from unauthorized access or manipulation, thereby mitigating potential losses.
Additionally, email is a common mode of communication for sharing information with customers, businesses, and partners. Despite the growing use of social media channels such as LinkedIn, Facebook, Twitter, and Google+, emails remain a reliable form of corporate communication. As a result, these factors are expected to drive Email Encryption Market growth throughout the forecast period.
Top Players in the Email Encryption Market:
BAE Systems, Fortinet, Mimecast, Cisco, Proofpoint, Zoho, Broadcom, Open Text, Barracuda Networks, Thales, Sophos, HPE, Trend Micro, Fortra, Seclore and Others
Email Encryption Industry Recent Development:
- April 2023: Barracuda Networks, Inc. has entered into a strategic distribution agreement with Ingram Micro to enhance its footprint in the Gulf region. This collaboration aims to grant resellers in the UAE, Kuwait, Qatar, Oman, Bahrain, Yemen, and Pakistan access to Barracuda’s advanced cybersecurity solutions.
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Segmentation Analysis of Email Encryption Market
Email Encryption Market exactly assesses and highlights significant trends and influencing factors within each segment. The comprehensive analysis extends its predictions for the period spanning 2024-30, focusing on the national landscape. The market is exactly categorized based on this analysis, providing valuable insights into its various facets.
By Component
-Solution
-Services
By Deployment
-On Premises
-Cloud
- The On-premise segment held a substantial share of the Email Encryption Market and is poised to flourish in the coming years.
By End Users
-BFSI
-Healthcare
-Government & Defense
-IT & ITeS
-Telecom
-Retail
-Ecommerce
-Others
By Type
-End-To-End Email Encryption
-Gateway Email Encryption
-Hybrid Email Encryption
By Enterprise Size
-Large Enterprise
-Medium & Small Enterprise
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A Comprehensive Geographical Analysis:
By Region
-North America
-South America
-Europe
-The Middle East & Africa
-Asia Pacific
- North America currently holds the largest share of the Email Encryption Market and is poised to maintain its dominance throughout the forecast period of 2024-30.
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About Us
MarkNtel Advisors is a leading market research company, consulting, & data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, & individuals, among others.
Our specialization in niche industries & emerging geographies allows our clients to formulate their strategies in a much more informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 15 diverse industrial verticals.
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