Email Encryption Market Size, Share, Growth Report 2032

Email Encryption Market: Size

The global Email Encryption market size was worth around USD 6.18 billion in 2023 and is predicted to grow to around USD 43.16 billion by 2032 with a compound annual growth rate (CAGR) of roughly 24.1% between 2024 and 2032.

The study provides historical data from 2018 to 2022 along with a forecast from 2024 to 2032 based on revenue (USD billion). The report covers a forecast and an analysis of the Email Encryption market on a global and regional level.

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Email Encryption Market: Overview

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.

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Email Encryption Market: Segmentation

The study provides a crucial view of the email encryption market by segmenting it based on deployment, component, organization size, type, industry vertical, and region. All the segments have been analyzed based on present and future trends and the market is estimated from 2024 to 2032. 

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.

Email Encryption Market: Report Scope

Email Encryption Market: Regional Analysis

The regional segmentation comprises the current and forecast demand for the Middle East and Africa, North America, Asia Pacific, Latin America, and Europe.

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.

Email Encryption Market: Competitive Players

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
• Cisco Systems

This report segments the global email encryption market into:

Global Email Encryption Market: Deployment Analysis

• Cloud
• On-Premises

Global Email Encryption Market: Component Analysis

• Solution
• Services

Global Email Encryption Market: Organization Size Analysis

• SME
• Large Enterprises

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
  • The U.S.
• Europe
  • UK
  • France
  • Germany
• Asia Pacific
  • China
  • Japan
  • India
• Latin America
  • Brazil
• Middle East and Africa