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

Global email encryption market expected to reach around USD 6.6 billion by 2025, at a rate of 19.8% between 2019 and 2025. The increasing adoption of technology in the government and defense sector is paving the way for the global email encryption market.

08-Jul-2019 | Number of pages: 213 | Report Code: ZMR-990 | Report Format : | Status : Published

Analysis

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.

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. In 2017, Homeland Security ordered all federal agencies to encrypt sites and emails for security purposes. Homeland Security also purchased an email validation system to identify email senders and ensure protection against phishing attacks and inbound spoof emails. Furthermore, the U.S. government announced investments worth USD 1.6 million for training cybersecurity professionals to protect data of federal agencies. However, the high cost of email encryption solutions may limit the email encryption market growth over the upcoming years. Conversely, digitalization in developing countries of the Asia Pacific region is anticipated to open new market avenues over the forecast time period.

 

The email encryption market is divided on the basis of component, deployment, organization size, type, and industry vertical. 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. 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. Furthermore, the retail sector is anticipated to hold a noteworthy market share, owing to the increasing rate of online shopping.

North America is expected to hold a notable share of the global email encryption market over the forecast time span. 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 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.

Some major players of the global email encryption market are Proofpoint, HP, Microsoft, McAfee, Sophos, Symantec, TrendMicro, Zix Corporation, Entrust, Galaxkey, Tutanota, SafeNet, Vormetric, ProtonMail, DESLock, and Cisco Systems.


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