Email Encryption Market by Component, Type, Deployment Mode, Organization Size, Vertical and Region - Global Forecast to 2026
DUBLIN, April 13, 2021 /PRNewswire/ -- The "Email Encryption Market by Component (Solutions & Services), Type (End-To-End, Gateway, Hybrid, and Client Plugins), Deployment Mode (On-premises & Cloud), Organization Size, Vertical (BFSI, IT & ITeS, and Telecom), and Region - Global Forecast to 2026" report has been added to ResearchAndMarkets.com's offering.
The global email encryption market size is projected to grow from USD 3.4 billion in 2020 to USD 11.8 billion by 2026, at a Compound Annual Growth Rate (CAGR) of 23.1% during the forecast period.
Major driving factors for the market include rise in BEC scams and spear phishing, growing number of email users globally, high demand for cloud-based email encryption services, and a mandate to comply with data protection directives.
By component, the services segment to register the highest growth rate during the forecast period
The services segment includes various services that are required to deploy, execute, and maintain the email encryption platform in an organization. As the adoption of the email encryption platform increases, the demand for these services is also expected to increase. Email encryption can be provided through Managed Security Services (MSS) analysts who provide remote assistance and incident response to clients in case of suspicious activities. These services include training and education, and support and maintenance. As the adoption of the email encryption platform increases, the demand for these services is also expected to soar. Email encryption services ensure 24/7 protection against increasing sophisticated architectures, SOCs manned by security experts, and quick incident response services. Email encryption vendors offer customized subscriptions and professional services for threat intelligence, threat prevention, detection, and response to assist end-users in easy planning and deployment of email encryption platforms.
By deployment mode, the cloud segment to register the highest growth rate during the forecast period
Cloud-based email encryption solutions provide scalability, efficiency, and 24/7 services to organizations. SaaS-based services offer a centralized service delivery model; hence, it is becoming more popular. The adoption rate of cloud-based email encryption is expected to be on the rise due to benefits, such as ease of use, and reduced installation and maintenance costs. The cloud deployment mode is the fastest-growing deployment mode in the email encryption market. With the onset of COVID-19, the use of cloud services is gaining traction. Businesses are proactively deploying cloud-based email encryption solutions to protect end-users from zero-day threats and potential malware remotely. There are numerous key vendors that offer cloud-based email encryption services to their clients such as Trustifi, Virtru, Broadcom, Barracuda Networks, Forcepoint, Micro Focus, Proofpoint, and many more.
Asia Pacific to register the highest growth rate during the forecast period
Asia Pacific (APAC) has witnessed an advanced and dynamic adoption of new technologies and is expected to record the highest CAGR in the global email encryption market during the forecast period. The email encryption market in APAC is projected to grow at the highest CAGR during the forecast period. APAC countries are increasingly investing in email encryption projects. The region comprises emerging economies, such as ANZ, China, Japan, Singapore, and the rest of APAC countries. With the proliferation of IoT in the APAC region, security and fraud concerns have risen. Enterprises in the APAC region are embracing email encryption technologies. Companies operating in APAC would benefit from the flexible economic conditions, industrialization-motivated policies, political transformation, and the growing digitalization, which is expected to have a significant impact on the business community and drive the email encryption market growth.
Key Topics Covered:
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights 4.1 Attractive Opportunities in the Email Encryption Market 4.2 Market, by Component 4.3 Market, by Service 4.4 Market, by Deployment Mode 4.5 Market, by Organization Size 4.6 Email Encryption Market, by Vertical 4.7 Market Investment Scenario
5 Market Overview 5.1 Market Dynamics 5.1.1 Drivers 5.1.1.1 Surge in Bec Scams and Spear-Phishing Attaks
5.1.1.2 Stringent Regulatory Standards and Data Privacy Compliances 5.1.1.3 Increasing Number of Email Users Globally 5.1.1.4 High Cost Accrued Due to Email Attacks and Breaches 5.1.1.5 Rising Concerns Pertaining to Loss of Critical Data 5.1.2 Restraints 5.1.2.1 High Cost of Email Encryption Solutions 5.1.2.2 Use of Free, Open-Source, and Pirated Email Encryption Software 5.1.2.3 Frequent Changes in Government Policies for Data Protection Across Different Regions 5.1.3 Opportunities 5.1.3.1 Shift from Traditional Email Encryption Tools to Advanced Email Encryption Solutions 5.1.3.2 High Demand for Cloud-Based Email Encryption Services 5.1.3.3 Increase in Adoption of Multi-Cloud Services 5.1.4 Challenges 5.1.4.1 Lack of Awareness Related to Email Encryption Among Enterprises 5.1.4.2 Requirement of Key Management and Verification Solutions for Encrypting Keys 5.2 COVID-19-Driven Market Dynamics 5.2.1 Drivers and Opportunities 5.2.2 Restraints and Challenges 5.2.3 Cumulative Growth Analysis 5.3 Value Chain Analysis 5.4 Encryption Ecosystem 5.5 Average Selling Price/Pricing Model, 2019-2020 5.6 Technology Analysis 5.6.1 Artificial Intelligence and Machine Learning 5.6.2 Big Data Analytics 5.6.3 Cloud 5.6.4 Other Technologies 5.7 Revenue Shift - Yc/Ycc Shift 5.8 Patent Analysis 5.8.1 Email Encryption Patents 5.9 Porter's Five Forces Model Analysis 5.10 Regulatory Implications 5.11 Encryption Algorithms 5.12 Use Cases 5.13 Best Practices in the Market
6 Email Encryption Market, by Type 6.1 Introduction 6.2 End-To-End Email Encryption 6.2.1 Rise in Cyber Schemes to Urge Enterprises to Use End-To-End Email Encryption Solutions 6.2.2 End-To-End Email Encryption: COVID-19 Impact 6.3 Gateway Email Encryption 6.3.1 Need to Prevent Cyberattacks or Fraudulent Content and the Presence of Prominent Vendors to Boost the Demand for Gateway Email Encryption 6.3.2 Gateway Email Encryption: COVID-19 Impact 6.4 Boundary Email Encryption 6.4.1 Need for a Fully Secure Private Email Network to Preserve Confidential Email Communication to Accelerate the Adoption of Boundary Email Encryption Solutions 6.4.2 Boundary Email Encryption: COVID-19 Impact 6.5 Hybrid Email Encryption 6.5.1 Need for a Secure Email Message Delivery Across Hybrid It Environments to Boost the Adoption of Hybrid Email Encryption Solutions 6.5.2 Hybrid Email Encryption: COVID-19 Impact 6.6 Client Plugins 6.6.1 Need for Secure Email Communication and Compliance to Regulations to Increase the Demand for Client Plugins 6.6.2 Client Plugins: COVID-19 Impact
7 Email Encryption Market, by Component 7.1 Introduction 7.2 Solutions 7.2.1 Need to Secure Highly Sensitive Data and the Presence of Eminent Email Encryption Solution Vendors to Accelerate the Adoption of Email Encryption Solutions 7.2.2 Solutions: COVID-19 Impact 7.3 Services 7.3.1 Provision of Training and Support Services to Fuel the Demand for Email Encryption Services 7.3.2 Services: COVID-19 Impact 7.3.3 Training and Education 7.3.4 Support and Maintenance
8 Email Encryption Market, by Deployment Mode 8.1 Introduction 8.2 Cloud 8.2.1 Cloud Benefits to Surge the Demand for Cloud-Based Email Encryption Solutions 8.2.2 Cloud: COVID-19 Impact 8.3 On-Premises 8.3.1 Large Enterprises' Need to Protect and Control Highly Sensitive Data from Email Threats to Propel the Demand for On-Premises Email Encryption Solutions 8.3.2 On-Premises: COVID-19 Impact
9 Email Encryption Market, by Organization Size 9.1 Introduction 9.2 Small and Medium-Sized Enterprises 9.2.1 to Prevent Huge Financial Losses Caused by Sophisticated Cyberattacks to Accelerate the Demand for Email Encryption Solutions Among Small and Medium-Sized Enterprises 9.2.2 Small and Medium-Sized Enterprises: COVID-19 Impact 9.3 Large Enterprises 9.3.1 Large Businesses or Critical Industries Holding a Large Volume of Personally Identifiable Information or Confidential Data to Adopt Email Encryption Solutions at a Rapid Rate 9.3.2 Large Enterprises: COVID-19 Impact
10 Email Encryption Market, by Vertical 10.1 Introduction 10.2 Banking, Financial Services, and Insurance 10.2.1 Need to Protect Highly Sensitive Financial Information and the Enforcement of Regulatory Standards to Ramp Up the Adoption of Email Encryption 10.2.2 Banking, Financial Services, and Insurance: COVID-19 Impact 10.3 Government and Defense 10.3.1 Rising Phishing and Email Attacks on Government and Defense Bodies to Boost the Adoption of Email Encryption in the Vertical 10.3.2 Government and Defense: COVID-19 Impact 10.4 Information Technology and Information Technology Enabled-Services 10.4.1 High Technological Advancements to Propel the Demand for Email Encryption in the IT and ITEs Vertical 10.4.2 Information Technology and ITEs: COVID-19 Impact 10.5 Telecommunications 10.5.1 High Rate of Email-Borne Attacks and Digital Transformation to Accelerate the Demand for Email Encryption Solutions in the Telecommunications Vertical 10.5.2 Telecommunications: COVID-19 Impact 10.6 Energy and Utilities 10.6.1 Regulatory Standards and the Convergence of It on Energy and Utilities' Systems to Maximize the Demand for Email Encryption Solutions 10.6.2 Energy and Utilities: COVID-19 Impact 10.7 Manufacturing 10.7.1 Loss of Sensitive Data and the Need to Maintain Seamless Manufacturing Processes to Amplify the Demand for Email Encryption Solutions 10.7.2 Manufacturing: COVID-19 Impact 10.8 Retail and Ecommerce 10.8.1 Huge Monetary Transactions Made Via Visa, Mastercard, and Other Payment Processing Networks to Drive the Adoption of Email Encryption 10.8.2 Retail and Ecommerce: COVID-19 Impact 10.9 Healthcare 10.9.1 High Rate of Phishing, Ransomware, and Malware Campaigns and Government Regulations to Boost the Demand for Email Encryption Among Healthcare Entities 10.9.2 Healthcare: COVID-19 Impact 10.10 Other Verticals
11 Email Encryption Market, by Region 11.1 Introduction 11.2 North America 11.3 Europe 11.4 Asia-Pacific 11.5 Middle East and Africa 11.6 Latin America
12 Competitive Landscape 12.1 Introduction 12.2 Market Evaluation Framework 12.3 Key Player Strategies/Right to Win 12.3.1 Overview of Strategies Adopted by Key Email Encryption Vendors 12.4 Market Share Analysis of Top Market Players 12.5 Historic Revenue Analysis 12.6 Company Evaluation Quadrant, 2020 12.6.1 Star 12.6.2 Emerging Leaders 12.6.3 Pervasive 12.6.4 Participants 12.6.5 Product Footprint Analysis of Email Encryption Players 12.6.6 Market Share/Rank Analysis of Email Encryption Players 12.7 Startup/SME Evaluation Quadrant, 2020 12.7.1 Progressive Companies 12.7.2 Responsive Companies 12.7.3 Dynamic Companies 12.7.4 Starting Blocks 12.8 Ranking of Key Players in the Market, 2020
13 Company Profiles 13.1 Introduction 13.2 Key Players 13.2.1 Micro FocUS 13.2.2 Broadcom 13.2.3 Cisco 13.2.4 Trend Micro 13.2.5 Sophos 13.2.6 Proofpoint 13.2.7 Mimecast 13.2.8 Bae Systems 13.2.9 Zix 13.2.10 Egress Software 13.2.11 Entrust Datacard 13.2.12 Protonmail 13.2.13 Trustifi 13.3 Other Players 13.3.1 Barracuda Networks 13.3.2 Intermedia 13.3.3 Clearswift 13.3.4 Echoworx 13.3.5 Neocertified 13.3.6 Deltagon 13.3.7 Deliveryslip 13.3.8 Lux Scientiae (Lux Sci) 13.3.9 Hornetsecurity 13.3.10 Datamotion 13.3.11 Virtru 13.3.12 Smarsh 13.3.13 Retarus 13.3.14 Cryptzone 13.3.15 Secureage Technology 13.3.16 Paubox 13.3.17 Sendinc 13.3.18 Frama
14 Adjacent Market 14.1 Introduction to Adjacent Markets 14.2 Limitations 14.3 Email Encryption Ecosystem and Adjacent Markets 14.4 Encryption Software Market 14.4.1 Adjacent Market: Encryption Software Market, by Vertical 14.5 Messaging Security Market 14.5.1 Adjacent Market: Messaging Security Market, by Solution 14.5.2 Adjacent Market: Messaging Security Market, by Vertical 14.6 Quantum Cryptography Market 14.6.1 Adjacent Market: Quantum Cryptography Market, by Vertical
15 Appendix 15.1 Discussion Guide 15.2 Knowledge Store: Subscription Portal 15.3 Available Customizations 15.4 Related Reports 15.5 Author Details
For more information about this report visit https://www.researchandmarkets.com/r/38wd0z
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