Global Email Encryption Market by Type (End-To-End, Gateway, Boundary, Hybrid Email Encryption & Client Plugins), by Component (Solution, Service, Training and Education, Support and Maintenance), Deployment Type (On-Premise, Cloud Based), Key Players and Region – Industry Outlook to 2026.
Base Year: 2020
Forecast Year: 2021-2026
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Email encryption refers to a security mechanism used for authenticating and hiding the contents of an email from unauthorized access. It protects the contents of the email by making it unreadable when sent over the network. The system utilizes cypher code in which the user issues a secured key to decrypt the mail. Email encryption widely used by organizations and individuals as it prevents unauthorized users from accessing sensitive and confidential data. As a result, it is widely used across various industries, such as education, banking, financial services and insurance (BFSI), telecommunication and healthcare. According to the latest report by IMARC Group, the global email encryption market size exhibited strong growth during 2015-2020. Looking forward, expects the market to grow at a CAGR of around 20% during 2021-2026.
COVID-19 Impact Analysis
Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Email Encryption Market Trends
The global email encryption market is primarily being driven by significant growth in the BFSI industry. Email encryption solutions are widely used to protect personal information of the consumers while sending through an email service and prevent spam, theft, manipulation and malicious hacking. Moreover, various technological advancements, such as the integration of pretty good privacy (PGP), two-factor authentication and biometrics solutions and system optimization tools to decrypt confidential emails, are favoring the market growth. Other factors, including the increasing demand for email encryption solutions in small and medium-scale enterprises (SMEs), along with the widespread adoption of cloud-based email encryption solutions, are creating a positive outlook for the market.
Some of the major players in the market are Cisco Systems, Inc. (CSCO), Proofpoint, Symantec, Trend Micro, Zix, Cryptzone, DataMotion, Echoworx, Egress Software Technologies, Entrust, Greenview Data, HPE, McAfee, Microsoft, Sophos, Virtru, WatchGuard Technologies, etc.
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Key Market Segmentation:
Market Segmentation by Encryption Type:
End-To-End Email Encryption
Gateway Email Encryption
Boundary Email Encryption
Hybrid Email Encryption
Market Segmentation by Deployment Type:
Market Segmentation by Component:
Training and Education
Support and Maintenance
Market Segmentation by End-User:
IT & Telecom
Market Segmentation by Organization Size:
Small and Medium Sized Organizations
Large Size Organizations
Market Segmentation by Region:
Middle East and Africa
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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.