Email Security Market to grow by USD 3,672.58 million from 2022 to 2027; Stringent government regulations drive the market - Technavio

NEW YORK, Aug. 8, 2023 /PRNewswire/ -- The email security market size is expected to grow by USD 3,672.58 million from 2022 to 2027. As per the latest report, the market will progress at a CAGR of 11.25% during the forecast period. Stringent government regulations are the major factors notably driving market growth. To protect and manage corporate information security, organizations must follow regulatory requirements. For instance, companies in the US have to adhere to the Sarbanes-Oxley (SOX) Act and the Health Insurance Portability and Accountability Act (HIPAA). Consequently, email encryption solutions are widely used to comply with strict government regulations. Moreover, such regulations need businesses to safeguard data through technologies such as encryption. Thus, to avoid data loss and maintain data confidentiality,  organizations in the BFSI, government, and healthcare sectors are implementing email encryption solutions. Also, they are adopting email encryption solutions to guarantee regulatory compliance and gain a competitive advantage. These factors will drive the growth of the email security market during the forecast period. View the new Sample Report within minutes!

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. Our email security market report covers the following areas:

• Email Security Market size
• Email Security Market Trends
• Email Security Market industry analysis
• Email Security Market five forces analysis
• Email Security Market competitive landscape

The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Barracuda Networks Inc., Check Point Software Technologies Ltd., Cisco Systems Inc., cryptzone.no AS, Dell Technologies Inc., Egress Software Technologies Ltd., Entrust Corp., Fortinet Inc., McAfee LLC, Microsoft Corp., Mimecast Ltd., Musarubra US LLC, Open Text Corp., Proofpoint Inc., Proton AG, SAP SE, Sophos Ltd., Trend Micro Inc., Trustifi LLC, and WatchGuard Technologies Inc. are some of the major market participants. Although the increase in employee mobility will offer immense growth opportunities, the Availability of open-source solutions will challenge the growth of the market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

Email Security Market 2023-2027: Trends

The adoption of cloud-based solutions is an emerging trend in the market.  The major users of cloud solutions are finance, health and public sector organisations as they require a central repository for previous data that can be searched. Cloud solutions make it possible for staff to view data from anywhere and the cost of ownership of such solutions is low. Also, cloud-based solutions support handling the complexities associated with increasing data volumes. Businesses face several problems, such as the loss of confidential data, in managing the large volumes of data being generated. Such solutions guarantee scalability on demand without any further cost. They also guarantee the availability of data without demanding employees to maintain the database. Thus, the adoption of cloud-based email security solutions will fuel the market growth during the forecast period.

Email Security Market 2023-2027: Segmentation
Email Security Market is segmented as below:

• Application 
• On Premise
• Cloud Based
• Product 
• Products
• Services
• Geography 
• North America
• APAC
• Europe
• South America
• Middle East And Africa

The market share growth by the on-premise segment will be significant during the forecast period. On-premises email security solutions provide adequate security when compared with cloud-based solutions, as they protect internal PCs from online threats. SMEs prefer on-premises email security solutions that emphasise more security than cost efficiency in the BFSI sector. Owing to factors such as a large variety of product offerings by different companies, the on-premises segment is estimated to grow during the forecast period. Moreover, companies are providing cutting-edge products to support enterprises to mitigate cyber-attacks. Such factors will boost the growth of the on-premises segment of the market during the forecast period.

Email Security Market 2023-2027: Challenge 

Intensifying price wars may challenge the market growth. Price competitions among companies restrict revenue flow in the market. In developing countries due to the limited number of companies, email security solutions are considered expensive. Nevertheless, in regions with many companies, market fragmentation leads to price competition. The steady decline in prices of email security software solutions impacts smaller market companies. Furthermore, the decline in prices affects revenue in the email security market. Moreover, concerns regarding cyber security are associated with cost-effective email security solutions, which may adversely impact their rate of adoption among end-users. Such factors will hinder the market growth during the forecast period. 

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• Special coverage on the Russia-Ukraine war; global inflation; recovery analysis from COVID-19; supply chain disruptions, global trade tensions; and risk of recession
• Global competitiveness and key competitor positions
• Market presence across multiple geographical footprints - Strong/Active/Niche/Trivial - Buy the report!

Email Security Market 2023-2027: Vendor Analysis

We provide a detailed analysis of around 25 vendors operating in the Email Security Market, including some of the vendors as vendors Backed with competitive intelligence and benchmarking, our research reports on the Email Security Market are designed to provide entry support, customer profile and M&As as well as go-to-market strategy support.

Company Offerings 

• Barracuda Networks Inc. - The company offers cloud AI Email security called Barracuda Email Security Gateway with protection against malware, spam, phishing, and Denial of Service attacks.
• Check Point Software Technologies Ltd. - The company offers cloud AI Email security called Harmony Email and Collaboration which can be connected via APIs, blocks malicious emails, and secured connection.
• Cisco Systems Inc. - The company offers Cisco Secure Email for protection against business phising emails, malware, and ransomware.

Email Security Market 2023-2027: Key Highlights

• CAGR of the market during the forecast period 2023-2027
• Detailed information on factors that will assist email security market growth during the next five years
• Estimation of the email security market size and its contribution to the parent market
• Predictions on upcoming trends and changes in consumer behavior
• The growth of the email security market
• Analysis of the market's competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of the email security market company

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The transactional and marketing emails market is estimated to grow at a CAGR of 13.11% between 2022 and 2027. The size of the market is forecast to increase by USD 14,104.14 million. This report extensively covers market segmentation by application (marketing and transactions), end-user (SMEs, large enterprises, and government), and geography (APAC, North America, Europe, Middle East and Africa, and South America). The growing focus on engaging the audience through email marketing is the key factor driving the global transactional and marketing email market growth.

The e-mail encryption market share is expected to increase by USD 4.9 billion from 2020 to 2025, and the market's growth momentum will accelerate at a CAGR of 22.26%. This report extensively covers e-mail encryption market segmentation by end-user (BFSI, healthcare, government, and others), solution (secure e-mail gateways and software), and geography (North America, Europe, APAC, MEA, and South America). The high adoption of cloud-based services is a major factor driving the global e-mail encryption market share growth.

Table Of Contents :

1 Executive Summary

• 1.1 Market overview
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by Application
• Exhibit 06: Executive Summary – Chart on Market Segmentation by Product
• Exhibit 07: Executive Summary – Chart on Incremental Growth
• Exhibit 08: Executive Summary – Data Table on Incremental Growth
• Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem
• Exhibit 10: Parent market
• Exhibit 11: Market Characteristics

3 Market Sizing

• 3.1 Market definition
• Exhibit 12: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 13: Market segments

• 3.3 Market size 2022

• 3.4 Market outlook: Forecast for 2022-2027 
• Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
• Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
• Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
• Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

• 4.1 Global email security market 2017 - 2021 
• Exhibit 18: Historic Market Size – Data Table on global email security market 2017 - 2021 ($ million)

• 4.2 Application Segment Analysis 2017 - 2021 
• Exhibit 19: Historic Market Size – Application Segment 2017 - 2021 ($ million)

• 4.3 Product Segment Analysis 2017 - 2021 
• Exhibit 20: Historic Market Size – Product Segment 2017 - 2021 ($ million)

• 4.4 Geography Segment Analysis 2017 - 2021 
• Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ million)

• 4.5 Country Segment Analysis 2017 - 2021 
• Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ million)

5 Five Forces Analysis

• 5.1 Five forces summary
• Exhibit 23: Five forces analysis - Comparison between 2022 and 2027

• 5.2 Bargaining power of buyers 
• Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

• 5.3 Bargaining power of suppliers 
• Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

• 5.4 Threat of new entrants 
• Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027

• 5.5 Threat of substitutes 
• Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027

• 5.6 Threat of rivalry
• Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027

• 5.7 Market condition
• Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by Application

• 6.1 Market segments
• Exhibit 30: Chart on Application - Market share 2022-2027 (%)
• Exhibit 31: Data Table on Application - Market share 2022-2027 (%)

• 6.2 Comparison by Application 
• Exhibit 32: Chart on Comparison by Application
• Exhibit 33: Data Table on Comparison by Application

• 6.3 On premise - Market size and forecast 2022-2027 
• Exhibit 34: Chart on On premise - Market size and forecast 2022-2027 ($ million)
• Exhibit 35: Data Table on On premise - Market size and forecast 2022-2027 ($ million)
• Exhibit 36: Chart on On premise - Year-over-year growth 2022-2027 (%)
• Exhibit 37: Data Table on On premise - Year-over-year growth 2022-2027 (%)

• 6.4 Cloud based - Market size and forecast 2022-2027 
• Exhibit 38: Chart on Cloud based - Market size and forecast 2022-2027 ($ million)
• Exhibit 39: Data Table on Cloud based - Market size and forecast 2022-2027 ($ million)
• Exhibit 40: Chart on Cloud based - Year-over-year growth 2022-2027 (%)
• Exhibit 41: Data Table on Cloud based - Year-over-year growth 2022-2027 (%)

• 6.5 Market opportunity by Application 
• Exhibit 42: Market opportunity by Application ($ million)
• Exhibit 43: Data Table on Market opportunity by Application ($ million)

7 Market Segmentation by Product

• 7.1 Market segments
• Exhibit 44: Chart on Product - Market share 2022-2027 (%)
• Exhibit 45: Data Table on Product - Market share 2022-2027 (%)

• 7.2 Comparison by Product 
• Exhibit 46: Chart on Comparison by Product
• Exhibit 47: Data Table on Comparison by Product

• 7.3 Products - Market size and forecast 2022-2027 
• Exhibit 48: Chart on Products - Market size and forecast 2022-2027 ($ million)
• Exhibit 49: Data Table on Products - Market size and forecast 2022-2027 ($ million)
• Exhibit 50: Chart on Products - Year-over-year growth 2022-2027 (%)
• Exhibit 51: Data Table on Products - Year-over-year growth 2022-2027 (%)

• 7.4 Services - Market size and forecast 2022-2027 
• Exhibit 52: Chart on Services - Market size and forecast 2022-2027 ($ million)
• Exhibit 53: Data Table on Services - Market size and forecast 2022-2027 ($ million)
• Exhibit 54: Chart on Services - Year-over-year growth 2022-2027 (%)
• Exhibit 55: Data Table on Services - Year-over-year growth 2022-2027 (%)

• 7.5 Market opportunity by Product 
• Exhibit 56: Market opportunity by Product ($ million)
• Exhibit 57: Data Table on Market opportunity by Product ($ million)

8 Customer Landscape

• 8.1 Customer landscape overview 
• Exhibit 58: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

• 9.1 Geographic segmentation 
• Exhibit 59: Chart on Market share by geography 2022-2027 (%)
• Exhibit 60: Data Table on Market share by geography 2022-2027 (%)

• 9.2 Geographic comparison 
• Exhibit 61: Chart on Geographic comparison
• Exhibit 62: Data Table on Geographic comparison

• 9.3 North America - Market size and forecast 2022-2027 
• Exhibit 63: Chart on North America - Market size and forecast 2022-2027 ($ million)
• Exhibit 64: Data Table on North America - Market size and forecast 2022-2027 ($ million)
• Exhibit 65: Chart on North America - Year-over-year growth 2022-2027 (%)
• Exhibit 66: Data Table on North America - Year-over-year growth 2022-2027 (%)

• 9.4 APAC - Market size and forecast 2022-2027 
• Exhibit 67: Chart on APAC - Market size and forecast 2022-2027 ($ million)
• Exhibit 68: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
• Exhibit 69: Chart on APAC - Year-over-year growth 2022-2027 (%)
• Exhibit 70: Data Table on APAC - Year-over-year growth 2022-2027 (%)

• 9.5 Europe - Market size and forecast 2022-2027 
• Exhibit 71: Chart on Europe - Market size and forecast 2022-2027 ($ million)
• Exhibit 72: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
• Exhibit 73: Chart on Europe - Year-over-year growth 2022-2027 (%)
• Exhibit 74: Data Table on Europe - Year-over-year growth 2022-2027 (%)

• 9.6 South America - Market size and forecast 2022-2027 
• Exhibit 75: Chart on South America - Market size and forecast 2022-2027 ($ million)
• Exhibit 76: Data Table on South America - Market size and forecast 2022-2027 ($ million)
• Exhibit 77: Chart on South America - Year-over-year growth 2022-2027 (%)
• Exhibit 78: Data Table on South America - Year-over-year growth 2022-2027 (%)

• 9.7 Middle East and Africa - Market size and forecast 2022-2027 
• Exhibit 79: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
• Exhibit 80: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
• Exhibit 81: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
• Exhibit 82: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)

• 9.8 US - Market size and forecast 2022-2027 
• Exhibit 83: Chart on US - Market size and forecast 2022-2027 ($ million)
• Exhibit 84: Data Table on US - Market size and forecast 2022-2027 ($ million)
• Exhibit 85: Chart on US - Year-over-year growth 2022-2027 (%)
• Exhibit 86: Data Table on US - Year-over-year growth 2022-2027 (%)

• 9.9 UK - Market size and forecast 2022-2027 
• Exhibit 87: Chart on UK - Market size and forecast 2022-2027 ($ million)
• Exhibit 88: Data Table on UK - Market size and forecast 2022-2027 ($ million)
• Exhibit 89: Chart on UK - Year-over-year growth 2022-2027 (%)
• Exhibit 90: Data Table on UK - Year-over-year growth 2022-2027 (%)

• 9.10 China - Market size and forecast 2022-2027 
• Exhibit 91: Chart on China - Market size and forecast 2022-2027 ($ million)
• Exhibit 92: Data Table on China - Market size and forecast 2022-2027 ($ million)
• Exhibit 93: Chart on China - Year-over-year growth 2022-2027 (%)
• Exhibit 94: Data Table on China - Year-over-year growth 2022-2027 (%)

• 9.11 India - Market size and forecast 2022-2027 
• Exhibit 95: Chart on India - Market size and forecast 2022-2027 ($ million)
• Exhibit 96: Data Table on India - Market size and forecast 2022-2027 ($ million)
• Exhibit 97: Chart on India - Year-over-year growth 2022-2027 (%)
• Exhibit 98: Data Table on India - Year-over-year growth 2022-2027 (%)

• 9.12 Germany - Market size and forecast 2022-2027 
• Exhibit 99: Chart on Germany - Market size and forecast 2022-2027 ($ million)
• Exhibit 100: Data Table on Germany - Market size and forecast 2022-2027 ($ million)
• Exhibit 101: Chart on Germany - Year-over-year growth 2022-2027 (%)
• Exhibit 102: Data Table on Germany - Year-over-year growth 2022-2027 (%)

• 9.13 Market opportunity by geography 
• Exhibit 103: Market opportunity by geography ($ million)
• Exhibit 104: Data Tables on Market opportunity by geography ($ million)

10 Drivers, Challenges, and Trends

• 10.1 Market drivers

• 10.2 Market challenges

• 10.3 Impact of drivers and challenges 
• Exhibit 105: Impact of drivers and challenges in 2022 and 2027

• 10.4 Market trends

11 Vendor Landscape

• 11.1 Overview

• 11.2 Vendor landscape
• Exhibit 106: Overview on Criticality of inputs and Factors of differentiation

• 11.3 Landscape disruption
• Exhibit 107: Overview on factors of disruption

• 11.4 Industry risks
• Exhibit 108: Impact of key risks on business

12 Vendor Analysis

• 12.1 Vendors covered
• Exhibit 109: Vendors covered

• 12.2 Market positioning of vendors 
• Exhibit 110: Matrix on vendor position and classification

• 12.3 Barracuda Networks Inc. 
• Exhibit 111: Barracuda Networks Inc. - Overview
• Exhibit 112: Barracuda Networks Inc. - Product / Service
• Exhibit 113: Barracuda Networks Inc. - Key offerings

• 12.4 Check Point Software Technologies Ltd. 
• Exhibit 114: Check Point Software Technologies Ltd. - Overview
• Exhibit 115: Check Point Software Technologies Ltd. - Product / Service
• Exhibit 116: Check Point Software Technologies Ltd. - Key offerings

• 12.5 Cisco Systems Inc.
• Exhibit 117: Cisco Systems Inc. - Overview
• Exhibit 118: Cisco Systems Inc. - Business segments
• Exhibit 119: Cisco Systems Inc. - Key news
• Exhibit 120: Cisco Systems Inc. - Key offerings
• Exhibit 121: Cisco Systems Inc. - Segment focus

• 12.6 Dell Technologies Inc. 
• Exhibit 122: Dell Technologies Inc. - Overview
• Exhibit 123: Dell Technologies Inc. - Business segments
• Exhibit 124: Dell Technologies Inc. - Key offerings
• Exhibit 125: Dell Technologies Inc. - Segment focus

• 12.7 Egress Software Technologies Ltd. 
• Exhibit 126: Egress Software Technologies Ltd. - Overview
• Exhibit 127: Egress Software Technologies Ltd. - Product / Service
• Exhibit 128: Egress Software Technologies Ltd. - Key offerings

• 12.8 Entrust Corp.
• Exhibit 129: Entrust Corp. - Overview
• Exhibit 130: Entrust Corp. - Product / Service
• Exhibit 131: Entrust Corp. - Key news
• Exhibit 132: Entrust Corp. - Key offerings

• 12.9 Fortinet Inc.
• Exhibit 133: Fortinet Inc. - Overview
• Exhibit 134: Fortinet Inc. - Product / Service
• Exhibit 135: Fortinet Inc. - Key offerings

• 12.10 McAfee LLC
• Exhibit 136: McAfee LLC - Overview
• Exhibit 137: McAfee LLC - Product / Service
• Exhibit 138: McAfee LLC - Key news
• Exhibit 139: McAfee LLC - Key offerings

• 12.11 Microsoft Corp.
• Exhibit 140: Microsoft Corp. - Overview
• Exhibit 141: Microsoft Corp. - Business segments
• Exhibit 142: Microsoft Corp. - Key news
• Exhibit 143: Microsoft Corp. - Key offerings
• Exhibit 144: Microsoft Corp. - Segment focus

• 12.12 Mimecast Ltd.
• Exhibit 145: Mimecast Ltd. - Overview
• Exhibit 146: Mimecast Ltd. - Product / Service
• Exhibit 147: Mimecast Ltd. - Key news
• Exhibit 148: Mimecast Ltd. - Key offerings

• 12.13 Musarubra US LLC
• Exhibit 149: Musarubra US LLC - Overview
• Exhibit 150: Musarubra US LLC - Product / Service
• Exhibit 151: Musarubra US LLC - Key offerings

• 12.14 Open Text Corp.
• Exhibit 152: Open Text Corp. - Overview
• Exhibit 153: Open Text Corp. - Product / Service
• Exhibit 154: Open Text Corp. - Key news
• Exhibit 155: Open Text Corp. - Key offerings

• 12.15 Proofpoint Inc.
• Exhibit 156: Proofpoint Inc. - Overview
• Exhibit 157: Proofpoint Inc. - Product / Service
• Exhibit 158: Proofpoint Inc. - Key offerings

• 12.16 SAP SE
• Exhibit 159: SAP SE - Overview
• Exhibit 160: SAP SE - Business segments
• Exhibit 161: SAP SE - Key news
• Exhibit 162: SAP SE - Key offerings
• Exhibit 163: SAP SE - Segment focus

• 12.17 Trend Micro Inc.
• Exhibit 164: Trend Micro Inc. - Overview
• Exhibit 165: Trend Micro Inc. - Product / Service
• Exhibit 166: Trend Micro Inc. - Key offerings

13 Appendix

• 13.1 Scope of the report

• 13.2 Inclusions and exclusions checklist 
• Exhibit 167: Inclusions checklist
• Exhibit 168: Exclusions checklist

• 13.3 Currency conversion rates for US$ 
• Exhibit 169: Currency conversion rates for US$

• 13.4 Research methodology
• Exhibit 170: Research methodology
• Exhibit 171: Validation techniques employed for market sizing
• Exhibit 172: Information sources

• 13.5 List of abbreviations 
• Exhibit 173: List of abbreviations

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