Global Email Encryption Market Will Reach USD 6.6 Billion By 2025: Zion Market Research
New York, NY, July 09, 2019 (GLOBE NEWSWIRE) -- Zion Market Research has published a new report titled “Email Encryption Market by Component (Solution and Services), by Deployment (Cloud and On-Premises), by Organization Size (SME and Large Enterprises), by Type (End-To-End Email Encryption, Gateway Email Encryption, Boundary Email Encryption, Hybrid Email Encryption, and Client Plugins), and by Industry Vertical (BFSI, Retail, Government & Defense, IT & Telecom, Healthcare, Manufacturing, Energy & Utilities, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2025’’. According to the report, the global email encryption market was USD 1.9 billion in 2018 and is expected to reach around USD 6.6 billion by 2025, at a rate of 19.8% between 2019 and 2025.
Email encryption is the encryption of the content in emails to protect vital information and avoid any data theft. Email encryption solutions ensure that the email is delivered to the intended recipient and not any unauthorized party. Email encryption depends on public key cryptography. Some of the commonly used email encryption protocols are PGP, S/MIME, identity-based encryption, mail session encryption, and TLS. The increasing adoption of technology in the government and defense sector is paving the way for the global email encryption market. Governments of developing economies, such as India, China, and Brazil, are focusing on digitalization to provide better services to their citizens. However, the high cost of email encryption solutions may limit the email encryption market growth over the upcoming years.
Browse through 88 Tables & 39 Figures spread over 213 Pages and in-depth TOC on “Global Email Encryption Market: By Methods, Type, Industry Size, Share, Trends, Applications, Analysis and Forecast, 2018–2025”.
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The email encryption market is divided on the basis of component, deployment, organization size, type, and industry vertical. On the basis of component, the email encryption market includes services and solutions. The solutions segment is anticipated to grow notably over the next few years, due to the up-gradation of several features in various encryption tools. By deployment, the email encryption market includes cloud and on-premises. The cloud segment is anticipated to grow significantly due to the rising investments made in cloud technology by numerous sectors. By organization size, the market includes SME and large enterprises.
The large enterprise segment is anticipated to make a notable contribution to the market growth in the future, owing to the regional expansion of numerous large-scale organizations. The type segment comprises end-to-end email encryption, gateway email encryption, boundary email encryption, hybrid email encryption, and client plugins. Based on industry vertical, the market includes BFSI, retail, government and defense, healthcare, IT and telecom, energy and utilities, manufacturing, and others. The manufacturing sector is projected to witness a notable rise in the email encryption over the upcoming years, owing to the regional expansion of numerous top organizations like Volkswagen Group, Apple, Samsung Electronics, and General Electric.
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North America is expected to hold a notable share of the global email encryption market over the forecast time span, owing to the increasing email encryption solutions demand by the IT and telecom sector. Organizations in this sector conduct their business operations via emails, and data and related information within these emails is vital and can affect the company’s business profits. The U.S. is a major country for this regional market, due to the presence of main players like Cisco Systems, Microsoft, Hewlett-Packard, etc.
The Asia Pacific region is anticipated to show a notable growth rate in the email encryption market over the upcoming years. China and India are expected to be the most lucrative countries for the Asia Pacific email encryption market, owing to the initiatives taken by the government to promote digitalization. In January 2018, the total number of active internet users in India was 462 million, and out of which active mobile internet users were 430.3 million. It is expected that from 2018 to 2021, India’s digital transformation will add around USD 155 billion to its GDP. Furthermore, organizations such as Microsoft Corporation are focusing on expanding their business in the country.
Browse the full “Email Encryption Market by Component (Solution and Services), by Deployment (Cloud and On-Premises), by Organization Size (SME and Large Enterprises), by Type (End-To-End Email Encryption, Gateway Email Encryption, Boundary Email Encryption, Hybrid Email Encryption, and Client Plugins), and by Industry Vertical (BFSI, Retail, Government & Defense, IT & Telecom, Healthcare, Manufacturing, Energy & Utilities, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2025” Report at https://www.zionmarketresearch.com/report/email-encryption-market
Europe is anticipated to grow notably in the global email encryption market, due to the rising demand in the BFSI sector. France, Germany, and the UK are the most lucrative countries for regional market players. Numerous financial institutes and banks in the region are spending on technology to secure their data due to the increasing cases of data breaches. From 2017 to 2018, the UK’s financial services witnessed an increase in the number of reported data breaches by about 480%. Thus, the demand for solutions to prevent a data breach is projected to rise, which will fuel the European email encryption market in the upcoming years.
The Middle East and Africa is anticipated to witness notable growth in the email encryption market in the future, owing to the increasing technological adoption by the BFSI sector.
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Some major players of the global email encryption market are Proofpoint, HP Development, Microsoft, McAfee, Sophos, Symantec, TrendMicro, Zix Corporation, Entrust, Galaxkey, Tutanota, SafeNet, Vormetric, ProtonMail, DESLock, and Cisco Systems.
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This report segments the global email encryption market into:
Global Email Encryption Market: Deployment Analysis
Global Email Encryption Market: Component Analysis
Global Email Encryption Market: Organization Size Analysis
Global Email Encryption Market: Type Analysis
- End-To-End Email Encryption
- Gateway Email Encryption
- Boundary Email Encryption
- Hybrid Email Encryption
- Client Plugins
Global Email Encryption Market: Industry Vertical Analysis
- BFSI
- Retail
- Government and Defense
- IT and Telecom
- Healthcare
- Manufacturing
- Energy and Utilities
- Others
Global Email Encryption Market: Regional Analysis
- North America
- Europe
- Asia Pacific
- Latin America
- The Middle East and Africa
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