We live in a digital world where the majority of our work now transpires online. Almost all the sectors ranging from Industrial, educational, agricultural, healthcare, and telecom, etc., are being digitalized at a fast pace. This change is both a boon as well as a bane for the world, as it is said, “along with numerous advantages, also comes several disadvantages”. One of the major disadvantages in this digital era is the risk of security breaches or the leak of sensitive information. Thus, to mitigate this risk related to emails, email encryption aids as a shield for any breach.
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Diving into the Details of Email Encryption Market
Email encryption is an essential aspect in terms of online security and confidentiality in present times, ensuring discretion by offering encryption or disguising the contents of email. This feature assures optimum privacy by averting unauthorized access or interception, making sure that only the recipients can read the email.
As per the recent report published by MarkNtel Advisors, the Global Email Encryption Market size was valued at around 5.5 billion in 2023 and is estimated to grow at a CAGR of around 18.5% during the forecast period, 2024-30. The extensive implementation of technology by all small, medium, and large enterprises has led to an increased dependence on email & email encryption for better and more secure communication with clients & employees.
Top Players Ruling the Email Encryption Market
The invincible advantages offered through email encryption make it highly prominent among both professionals as well as freelancers. The Email Encryption Market is dominated by companies such as BAE Systems, Fortinet, Mimecast, Cisco, Proofpoint, Zoho, Broadcom, Open Text, Barracuda Networks, Thales, Sophos, HPE, Trend Micro, Fortra, Seclore, others, globally.
Analyzing the diverse Segmentations of Email Encryption Market
- By Type (Inbound Email Marketing (Welcome/Automated Email, Newsletter, Promotional Emails, Survey Emails, Transactional Emails, Re-engagement Emails, Abandoned Cart Emails), and Outbound Email Marketing (Cold Email and Follow-Up Email))
- By Component (Software and Services)
- By Deployment (Cloud-based and On-Premises)
- By Enterprise Size (SMEs and Large Enterprise)
- By End User (E-commerce, IT & ITeS, Telecom, Hospitality, Healthcare, BFSI, Education Government & Defense, Retail, and Others
- By Region (North America, South America, Europe, The Middle East & Africa, and Asia-Pacific)
The On-premise segment is predicted to grasp a potential share of the Email Encryption Market during 2024-30. On-premise deployment involves the hosting of encryption solutions within an organization’s infrastructure. This method grants complete control over security measures & allows for customization to meet particular compliance & regulatory requirements.
North America is acquiring the top position with the highest share in the market and is likely to continue its reign for the forecast 2024-30. The topmost companies in the Email Encryption Market such as Proofpoint, Inc., Cisco Systems, Inc., and Entrust Datacard, are all based in North America. The demand for the security of data & protection against cyber-attacks are the main factors contributing to the expansion of the North America Email Encryption Market.
