Email Encryption Market Worth $9.9 Billion by 2025 - Exclusive Report by MarketsandMarkets™

CHICAGO, July 16, 2020 /PRNewswire/ -- According to the research report "Email Encryption Market by Component (Solution and Service (Training and Education, and Support and Maintenance)), Deployment Mode (On-premises and Cloud), Organization Size, Industry Vertical, and Region - Global Forecast to 2025", published by MarketsandMarkets™, provides comprehensive insights on email encryption market, projected to grow from USD 3.4 billion in 2020 to USD 9.9 billion by 2025, at a CAGR of 23.8% during the forecast period, in the post-COVID-19 scenario. Email encryption is an essential tool to secure email messages and content, with real-time accessibility only from intended recipients. As emails are vital business platforms used for the purpose of communicating confidential information among intended recipients; hence, email encryption solutions are needed to secure this information. The major factors driving the growth of the email encryption market are increasing instances of phishing and spam emails, stringent industry regulations, compliances and mandate to comply with data protection directives.

Browse in-depth TOC on "Email Encryption Market"

320 – Tables
45 – Figures
267 – Pages

Download PDF Brochure:

https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=182623205

Services segment is expected to grow at the highest CAGR in the Email Encryption Market during the forecast period

The Email Encryption Market is segmented by component into solution and services. The services segment is expected to grow at the highest CAGR from 2020 to 2025. With the increase in the adoption of email encryption solutions, the demand for services associated with it is also growing. The Email Encryption Market by service has been segmented into training and education, and support and maintenance. Email encryption services are offered by solution vendors to enable customers to efficiently use the email encryption solution and maintain it. The email encryption services are used to reduce operational overhead costs and risks, and assist in effectively working with organizations' complex network infrastructure.

Banking, Financial Services, and Insurance (BFSI) industry vertical is estimated to dominate the Email Encryption Market in 2020

Enterprises across various industry verticals have been using the email messaging as one of the most common modes of communication for their business purposes. The BFSI industry vertical is expected to generate major share of revenue during the forecast period owing to the increasing adoption of security solutions driven by the growing financial security threats across the organizations, which can lead to theft, hamper the reputation of organizations, and can cause huge financial losses. Additionally, email encryption is expected to play a key role in healthcare enterprises. This is majorly due to the rising spear phishing attacks and possible data breaches over the highly sensitive and confidential information and stringent compliance to regulatory requirements. This has led the healthcare industry vertical to grow at the highest CAGR during the forecast period.

Speak to Analyst:

https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=182623205

North America is expected to dominate the Email Encryption Market in 2020

The global Email Encryption Market is segmented by region into North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and Latin America. The technologically advanced North American region has the highest number of email encryption vendors. Additionally, the region has witnessed large-scale implementation of email encryption solutions across various industry verticals, such as BFSI, healthcare, and IT and telecom, owing to the stringent regulations and the need to compliance. The region is thus estimated to be the largest market for email encryption solutions. Moreover, several Small and Medium Enterprises (SMEs) and large enterprises across various industry verticals in the European and APAC region are investing in the adoption of email encryption solutions to protect their infrastructure and critical information from email frauds and thefts. The introduction of cloud-based, hybrid and customized email encryption solutions is set to change the way businesses are protecting their critical email communications and infrastructure.

The report encompasses the different strategies such as partnerships and collaborations, mergers and acquisitions, and product developments adopted by the major players to increase their market share. Some of the major technology vendors in the Email Encryption Market are Micro Focus (UK), Symantech (US), Cisco (US), Trend Micro (Japan), Sophos (UK), Proofpoint (US), BAE Systems (UK), Zix (US),Entrust Datacard (US), Mimecast (UK), Egress Software (UK), Intemedia (US), Virtru (US), Echoworx (Canada), Lux Sci (US), Cryptzone (US).

Browse Adjacent Markets: Information Security Market Research Reports & Consulting

Browse Related Reports:

Cybersecurity Market by Solution (IAM, Encryption, UTM, Antivirus/Antimalware, Firewall, IDS/IPS, Disaster Recovery, and DDOS Mitigation), Service, Security Type, Deployment Mode, Organization Size, Industry Vertical, and Region - Global Forecast to 2023

https://www.marketsandmarkets.com/Market-Reports/cyber-security-market-505.html

Messaging Security Market by Solution (Content Filtering, Email Encryption, Data Loss Prevention, Antispam and Antimalware), Service, Mode of Communication (Email Messaging, Instant Messaging), Deployment Mode, Vertical, and Region - Global Forecast to 2022

https://www.marketsandmarkets.com/Market-Reports/messaging-security-market-41963086.html

About MarketsandMarkets™ 

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets's flagship competitive intelligence and market research platform, "Knowledge Store" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:

Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Email: [email protected] 
Visit Our Website: https://www.marketsandmarkets.com 
Research Insight: https://www.marketsandmarkets.com/ResearchInsight/email-encryption-market.asp   
Content Source: https://www.marketsandmarkets.com/PressReleases/email-encryption.asp

SOURCE MarketsandMarkets