Email Encryption Market Worth to Reach USD 14488.41 MN By 2027
Posted On May 03, 2021
The Global Email Encryption Market report evaluates the market revenue to reach USD 14488.41 MN mark in 2027. The CAGR is expected to be close to 22.5% from 2020 till the end of 2027 according to the newly published report by Value Market Research. Growing instances of cyber-attacks, like email-based phishing and BEC scams, will be the primary drivers for the email encryption market. Emails being extensively used to communicate and transfer sensitive personal communication among individuals in corporate organizations and financial institutions will enhance the market growth. The rising dependence on online businesses and the internet being extensively used to provide necessary services to consumers across several sectors like BFSI, healthcare, life sciences, manufacturing, automotive, retail, transport, and logistics will further propel market growth. Rapid deployment of cloud-based email encryption, which offers several benefits like scalability and lower costs, will be a market booster. The main barrier to the growth of this market is the high costs involved in deploying these services and the careful maintenance of the encryption keys.
Email encryption is the process of protecting the contents of emails from being read by third parties using encryption. Email encryption can also include authentication. Email encryption relies on public-key cryptography. The source from which the email originates issues a public key available for others to encrypt their messages. A secret private key can be used to decrypt encrypted messages or to sign messages being sent digitally. Encryption can occur at the transport level or end-to-end. The Transport layer encryption is easier to set up than end-to-end encryption but provides weaker defense. The encryption system is generally automated by security and compliance managers at companies and government agencies.
The market dynamics covered in the report "Global Email Encryption Market Report By Component (Solution, Services, Training And Education, Support And Maintenance), By Deployment Mode (On-Premises, Cloud), By Organization Size (SMEs, Large Enterprises), By Industry Vertical (BFSI, Government And Defense, IT And Telecom, Energy And Utilities, Manufacturing, Retail, Healthcare, Others (Media & Entertainment, Education, And Travel And Transportation) And By Regions - Industry Trends, Size, Share, Growth, Estimation And Forecast, 2021-2027" gives a holistic scope of the market along with the market forecasts.
On the basis of component the market is segmented into Solution, Services, Training and Education, Support and Maintenance. By deployment mode the email encryption market is categorised as On-premises, Cloud. By organization Size the email encryption market is categorised as SMEs, Large Enterprises. Based on industry vertical the email encryption market is segmented as BFSI, Government and Defense, IT and Telecom, Energy and Utilities, Manufacturing, Retail, Healthcare, Others (Media & Entertainment, Education, and Travel and Transportation). Geographically the research study provides data on North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa regions. Each region is segregated into North America (North America, United State and Rest of North America), Europe (United Kingdom, France, Germany, and Rest of Europe), Asia Pacific (China, Japan, India, Rest of Asia Pacific), Latin America (Brazil, Rest of Latin America) and Middle East & Africa. This section provides the estimates of market by segment. This section provides the estimates of market by segment thus, providing valuable data to take strategic decisions.
The Report Segments Global Email Encryption Market -
- Training and Education
- Support and Maintenance
By Deployment Mode
By Organization Size
By Industry Vertical
- Government and Defense
- IT and Telecom
- Energy and Utilities
- Others (Media & Entertainment, Education, and Travel and Transportation)
- North America
- The Asia Pacific
- Latin America
- The Middle East and Africa
Players Profiled In the Report:
Micro Focus, Symantec, Cisco, Trend Micro, Sophos, Proofpoint, BAE Systems, Zix, Entrust Datacard, Mimecast, Egress Software, Intermedia, Virtru, Echoworx, Lux Sci, and Cryptzone.
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