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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, 2021-2028
ID:VMR11214181
April 2021
Report Formats: Electronic (PDF), MS EXCEL
Global Email Encryption Market Overview
The key driver impacting the email encryption market is the strict government reforms for data privacy. there are 46 of the 50 U.S. states, and many countries have laws against data breaches that identify steps that must be taken if sensitive content is exposed in an unauthorized manner. For instance, in 2015, the european parliament agreed to command data protection amongst European Union (EU) countries. also, growing cases of data breaches and mobility provided by handheld devices are estimated to boost market demand in the forecast period. data breaches occur daily, revealing email addresses, credit card numbers, passwords, social security numbers, and other susceptible data. for instance, as per the Identity Theft Resource Center’s (ITRC) End-of-Year data breach report for 2019, the number of U.S. data breaches hit 17% in 2019. data breaches cases in 2019 in the United States reached 1,473, from 1,257 of the previous year. moreover, the increasing demand for cloud-based security solutions for low-cost alternatives is estimated to be a significant factor that positively impacts market growth.
The growing trend in employees using personally-owned smartphones, laptops, tablets, and other personal computing tools to access various corporate applications such as email, databases, CRM systems, and other devices; and to create, manage and store data using these platforms is estimated to augment email encryption demand in the forecast period. however, the high price of email encryption solutions may hamper the global email encryption market in the long run. also, the requirement of key management and verification solutions for encrypting keys negatively impacts market growth. the current industry trends, such as the requirement to shift from conventional encryption tools for advanced data security and the high adoption of multi-cloud services, are expected to provide market players with several market opportunities.
The email encryption market is vast, with many local and global players. the key leaders follow different strategies to improve their market position, such as contracts, mergers, contracts, extending product portfolio, acquisitions, expansions, and product innovations to improve their market share globally. In 2017, Trend Micro extended its business in North America by opening an office in Texas, in the US, which allowed the company to expand its customer base by delivering its offerings in the region. The known players included in the report are Micro Focus, Symantec, Cisco, Trend Micro, Sophos, Proofpoint, BAE Systems, Zix, Entrust Datacard, Mimecast, Egress Software, Intermedia, Virtru, Echoworx, Lux Sci, and Cryptzone.
In this research report, the email encryption market is segmented by component, deployment mode, organization size, industry vertical, and region.
Analysis by Component:
By component, the report is categorized into solution, services, training and education, and support and maintenance. Solution type dominates the type segment with over 55% share in 2020. It is due to the growing adoption of email encryption solutions by the organization for making certain constant compliance as traditional email encryption solutions cannot secure crucial information against developing threats, such as malware, Business Email Compromise (BEC), spams, Trojan, and phishing. Moreover, the rising demand from enterprises to efficiently encrypt their internal and external email communications to protect critical business information and infrastructure contributing to the high demand for email encryption solutions in the forecast period.
Analysis by Deployment Mode:
By deployment model, the report is categorized on-premises and cloud. Cloud segment dominates the deployment mode segment with a maximum market share in 2020. It is because the cloud helps in minimizing overall costs, and they also provide highly scalable and flexible access to the email encryption solution via IT infrastructures hosted by cloud service providers. Moreover, the growing deployment of email encryption solution on the cloud to progress mobility and disperse data storage by enterprise drives the demand for a cloud-based solution in the forecast period.
Analysis by Organization Size:
By organization size, the report is categorized as SMEs and large enterprises. SMEs segment dominates the application segment with over 55% share in 2020. It is due to the quick modernizing of small and medium scale industries that increase the use of emails to carry crucial data. Moreover, the rising number of SMEs worldwide drives the market demand from SMEs in the forecast period.
Analysis by Industry Vertical:
By industry vertical, the report is categorized BFSI, government and defense, IT and telecom, energy and utilities, manufacturing, retail, healthcare, and others (Media & Entertainment, Education, and Travel and Transportation). BFSI segment dominates the application segment with over 15% share in 2020. BFSI sector is the most significant consumer email encrypted solution as it deals with large volumes of sensitive and private financial data on a daily basis. Also, the Banking and financial industry are the most regulated as it has to obey many security necessities, thus drives the demand from the BFSI segment in the forecast period.
Analysis by Region:
In the regional outlook of the global email encryption market, the North America region dominates with a 30% market share during the forecast period. The presence of several vendors that provide email encryption solutions and early adoption of email encryption technology is the critical factors driving regional growth. Moreover, the high implementation of email encryption solutions by businesses for enabling data security, preventing commercial espionage and cyber-attacks ensures privacy and security of data to make possible business stability, thus contribute to the development of the email encryption market in North America.
Market Segmentation covered in the Report:
By Component
The key driver impacting the email encryption market is the strict government reforms for data privacy. there are 46 of the 50 U.S. states, and many countries have laws against data breaches that identify steps that must be taken if sensitive content is exposed in an unauthorized manner. For instance, in 2015, the european parliament agreed to command data protection amongst European Union (EU) countries. also, growing cases of data breaches and mobility provided by handheld devices are estimated to boost market demand in the forecast period. data breaches occur daily, revealing email addresses, credit card numbers, passwords, social security numbers, and other susceptible data. for instance, as per the Identity Theft Resource Center’s (ITRC) End-of-Year data breach report for 2019, the number of U.S. data breaches hit 17% in 2019. data breaches cases in 2019 in the United States reached 1,473, from 1,257 of the previous year. moreover, the increasing demand for cloud-based security solutions for low-cost alternatives is estimated to be a significant factor that positively impacts market growth.
According to Value Market Research, the global email encryption market size was valued at around USD 3500 million in 2020 and is estimated to grow at a CAGR of about 22.5% during the forecast period of 2021 to 2027.
The growing trend in employees using personally-owned smartphones, laptops, tablets, and other personal computing tools to access various corporate applications such as email, databases, CRM systems, and other devices; and to create, manage and store data using these platforms is estimated to augment email encryption demand in the forecast period. however, the high price of email encryption solutions may hamper the global email encryption market in the long run. also, the requirement of key management and verification solutions for encrypting keys negatively impacts market growth. the current industry trends, such as the requirement to shift from conventional encryption tools for advanced data security and the high adoption of multi-cloud services, are expected to provide market players with several market opportunities.
The email encryption market is vast, with many local and global players. the key leaders follow different strategies to improve their market position, such as contracts, mergers, contracts, extending product portfolio, acquisitions, expansions, and product innovations to improve their market share globally. In 2017, Trend Micro extended its business in North America by opening an office in Texas, in the US, which allowed the company to expand its customer base by delivering its offerings in the region. The known players included in the report are Micro Focus, Symantec, Cisco, Trend Micro, Sophos, Proofpoint, BAE Systems, Zix, Entrust Datacard, Mimecast, Egress Software, Intermedia, Virtru, Echoworx, Lux Sci, and Cryptzone.
In this research report, the email encryption market is segmented by component, deployment mode, organization size, industry vertical, and region.
Analysis by Component:
By component, the report is categorized into solution, services, training and education, and support and maintenance. Solution type dominates the type segment with over 55% share in 2020. It is due to the growing adoption of email encryption solutions by the organization for making certain constant compliance as traditional email encryption solutions cannot secure crucial information against developing threats, such as malware, Business Email Compromise (BEC), spams, Trojan, and phishing. Moreover, the rising demand from enterprises to efficiently encrypt their internal and external email communications to protect critical business information and infrastructure contributing to the high demand for email encryption solutions in the forecast period.
Analysis by Deployment Mode:
By deployment model, the report is categorized on-premises and cloud. Cloud segment dominates the deployment mode segment with a maximum market share in 2020. It is because the cloud helps in minimizing overall costs, and they also provide highly scalable and flexible access to the email encryption solution via IT infrastructures hosted by cloud service providers. Moreover, the growing deployment of email encryption solution on the cloud to progress mobility and disperse data storage by enterprise drives the demand for a cloud-based solution in the forecast period.
Analysis by Organization Size:
By organization size, the report is categorized as SMEs and large enterprises. SMEs segment dominates the application segment with over 55% share in 2020. It is due to the quick modernizing of small and medium scale industries that increase the use of emails to carry crucial data. Moreover, the rising number of SMEs worldwide drives the market demand from SMEs in the forecast period.
Analysis by Industry Vertical:
By industry vertical, the report is categorized BFSI, government and defense, IT and telecom, energy and utilities, manufacturing, retail, healthcare, and others (Media & Entertainment, Education, and Travel and Transportation). BFSI segment dominates the application segment with over 15% share in 2020. BFSI sector is the most significant consumer email encrypted solution as it deals with large volumes of sensitive and private financial data on a daily basis. Also, the Banking and financial industry are the most regulated as it has to obey many security necessities, thus drives the demand from the BFSI segment in the forecast period.
Analysis by Region:
In the regional outlook of the global email encryption market, the North America region dominates with a 30% market share during the forecast period. The presence of several vendors that provide email encryption solutions and early adoption of email encryption technology is the critical factors driving regional growth. Moreover, the high implementation of email encryption solutions by businesses for enabling data security, preventing commercial espionage and cyber-attacks ensures privacy and security of data to make possible business stability, thus contribute to the development of the email encryption market in North America.
Market Segmentation covered in the Report:
By Component
- Solution
- Services
- Training and Education
- Support and Maintenance
- On-premises
- Cloud
- SMEs
- Large Enterprises
- BFSI
- Government and Defense
- IT and Telecom
- Energy and Utilities
- Manufacturing
- Retail
- Healthcare
- Others (Media & Entertainment, Education, and Travel and Transportation)
- North America
- Europe
- The Asia Pacific
- Latin America
- The Middle East and Africa
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1 . PREFACE
1.1. Report Description
1.1.1. Objective
1.1.2. Target Audience
1.1.3. Unique Selling Proposition (USP) & offerings
1.2. Research Scope
1.3. Research Methodology
1.3.1. Market Research Process
1.3.2. Market Research Methodology
2 . EXECUTIVE SUMMARY
2.1. Highlights of Market
2.2. Global Market Snapshot
3 . EMAIL ENCRYPTION – INDUSTRY ANALYSIS
3.1. Introduction - Market Dynamics
3.2. Market Drivers
3.3. Market Restraints
3.4. Opportunities
3.5. Industry Trends
3.6. Porter’s Five Force Analysis
3.7. Market Attractiveness Analysis
3.7.1 By Component
3.7.2 By Deployment Mode
3.7.3 By Organization Size
3.7.4 By Industry Vertical
3.7.5 By Region
4 . VALUE CHAIN ANALYSIS
4.1. Value Chain Analysis
4.2. Raw Material Analysis
4.2.1. List of Raw Materials
4.2.2. Raw Material Manufactures List
4.2.3. Price Trend of Key Raw Materials
4.3. List of Potential Buyers
4.4. Marketing Channel
4.4.1. Direct Marketing
4.4.2. Indirect Marketing
4.4.3. Marketing Channel Development Trend
5 . IMPACT ANALYSIS OF COVID-19 OUTBREAK
5.1. Impact Analysis of Covid-19 Outbreak
5.1.1. Direct Impact on Production
5.1.2. Supply Chain and Market Disruption
5.1.3. Financial Impact on Firms and Financial Markets
5.2. COVID-19 Impact Analysis by Production, Import, Export and Demand
5.3. Market: Pre V/S Post COVID-19
5.4. Estimated Impact of the Coronavirus (COVID-19) Epidemic
5.5. COVID-19: Micro and Macro Factor Analysis
6 . GLOBAL EMAIL ENCRYPTION MARKET ANALYSIS BY COMPONENT
6.1 Overview by Component
6.2 Historical and Forecast Data
6.3 Analysis by Component
6.4 Solution Market by Regions
6.5 Services Market by Regions
6.6 Training and Education Market by Regions
6.7 Support and Maintenance Market by Regions
7 . GLOBAL EMAIL ENCRYPTION MARKET ANALYSIS BY DEPLOYMENT MODE
7.1 Overview by Deployment Mode
7.2 Historical and Forecast Data
7.3 Analysis by Deployment Mode
7.4 On-premises Market by Regions
7.5 Cloud Market by Regions
8 . GLOBAL EMAIL ENCRYPTION MARKET ANALYSIS BY ORGANIZATION SIZE
8.1 Overview by Organization Size
8.2 Historical and Forecast Data
8.3 Analysis by Organization Size
8.4 SMEs Market by Regions
8.5 Large Enterprises Market by Regions
9 . GLOBAL EMAIL ENCRYPTION MARKET ANALYSIS BY INDUSTRY VERTICAL
9.1 Overview by Industry Vertical
9.2 Historical and Forecast Data
9.3 Analysis by Industry Vertical
9.4 BFSI Market by Regions
9.5 Government and Defense Market by Regions
9.6 IT and Telecom Market by Regions
9.7 Energy and Utilities Market by Regions
9.8 Manufacturing Market by Regions
9.9 Retail Market by Regions
9.10. Healthcare Market by Regions
9.11 Others Market by Regions
10 . GLOBAL EMAIL ENCRYPTION MARKET ANALYSIS BY GEOGRAPHY
10.1. Regional Outlook
10.2. Introduction
10.3. North America
10.3.1. Overview, Historic and Forecast Data
10.3.2. North America By Segment
10.3.3. North America By Country
10.3.4. United State
10.3.5. Canada
10.3.6. Mexico
10.4. Europe
10.4.1. Overview, Historic and Forecast Data
10.4.2. Europe by Segment
10.4.3. Europe by Country
10.4.4. United Kingdom
10.4.5. France
10.4.6. Germany
10.4.7. Italy
10.4.8. Russia
10.4.9. Rest Of Europe
10.5. Asia Pacific
10.5.1. Overview, Historic and Forecast Data
10.5.2. Asia Pacific by Segment
10.5.3. Asia Pacific by Country
10.5.4. China
10.5.5. India
10.5.6. Japan
10.5.7. South Korea
10.5.8. Australia
10.5.9. Rest Of Asia Pacific
10.6. Latin America
10.6.1. Overview, Historic and Forecast Data
10.6.2. Latin America by Segment
10.6.3. Latin America by Country
10.6.4. Brazil
10.6.5. Argentina
10.6.6. Peru
10.6.7. Chile
10.6.8. Rest of Latin America
10.7. Middle East & Africa
10.7.1. Overview, Historic and Forecast Data
10.7.2. Middle East & Africa by Segment
10.7.3. Middle East & Africa by Country
10.7.4. Saudi Arabia
10.7.5. UAE
10.7.6. Israel
10.7.7. South Africa
10.7.8. Rest Of Middle East And Africa
11 . COMPETITIVE LANDSCAPE OF THE EMAIL ENCRYPTION COMPANIES
11.1. Email Encryption Market Competition
11.2. Partnership/Collaboration/Agreement
11.3. Merger And Acquisitions
11.4. New Product Launch
11.5. Other Developments
12 . COMPANY PROFILES OF EMAIL ENCRYPTION INDUSTRY
12.1. Company Share Analysis
12.2. Market Concentration Rate
12.3. Micro Focus
12.3.1. Company Overview
12.3.2. Financials
12.3.3. Products
12.3.4. Recent Developments
12.4. Symantec
12.4.1. Company Overview
12.4.2. Financials
12.4.3. Products
12.4.4. Recent Developments
12.5. Cisco
12.5.1. Company Overview
12.5.2. Financials
12.5.3. Products
12.5.4. Recent Developments
12.6. Trend Micro
12.6.1. Company Overview
12.6.2. Financials
12.6.3. Products
12.6.4. Recent Developments
12.7. Sophos
12.7.1. Company Overview
12.7.2. Financials
12.7.3. Products
12.7.4. Recent Developments
12.8. Proofpoint
12.8.1. Company Overview
12.8.2. Financials
12.8.3. Products
12.8.4. Recent Developments
12.9. BAE Systems
12.9.1. Company Overview
12.9.2. Financials
12.9.3. Products
12.9.4. Recent Developments
12.10. Zix
12.10.1. Company Overview
12.10.2. Financials
12.10.3. Products
12.10.4. Recent Developments
12.11. Entrust Datacard
12.11.1. Company Overview
12.11.2. Financials
12.11.3. Products
12.11.4. Recent Developments
12.12. Mimecast
12.12.1. Company Overview
12.12.2. Financials
12.12.3. Products
12.12.4. Recent Developments
12.13. Egress Software
12.13.1. Company Overview
12.13.2. Financials
12.13.3. Products
12.13.4. Recent Developments
12.14. Intermedia
12.14.1. Company Overview
12.14.2. Financials
12.14.3. Products
12.14.4. Recent Developments
12.15. Virtru
12.15.1. Company Overview
12.15.2. Financials
12.15.3. Products
12.15.4. Recent Developments
12.16. Echoworx
12.16.1. Company Overview
12.16.2. Financials
12.16.3. Products
12.16.4. Recent Developments
12.17. Lux Sci
12.17.1. Company Overview
12.17.2. Financials
12.17.3. Products
12.17.4. Recent Developments
12.18. Cryptzone
12.18.1. Company Overview
12.18.2. Financials
12.18.3. Products
12.18.4. Recent Developments
*Note - in company profiling, financial details and recent development are subject to availability or might not be covered in case of private companies
LIST OF TABLES
- Market Snapshot
- Drivers : Impact Analysis
- Restraints : Impact Analysis
- List of Raw Material
- List of Raw Material Manufactures
- List of Potential Buyers
- COVID-19 Impact Analysis by Production, Import, Export and Demand
- Pre V/S Post COVID-19
- Estimated Impact Of The Coronavirus (Covid-19) Epidemic
- COVID-19: Micro and Macro Factor Analysis
- Analysis by Component (USD MN)
- Solution Market by Geography (USD MN)
- Services Market by Geography (USD MN)
- Training and Education Market by Geography (USD MN)
- Support and Maintenance Market by Geography (USD MN)
- Analysis Market by Deployment Mode (USD MN)
- On-premises Market by Geography (USD MN)
- Cloud Market by Geography (USD MN)
- Analysis by Organization Size (USD MN)
- SMEs Market by Geography (USD MN)
- Large Enterprises Market by Geography (USD MN)
- Analysis by Industry Vertical (USD MN)
- BFSI Market by Geography (USD MN)
- Government and Defense Market by Geography (USD MN)
- IT and Telecom Market by Geography (USD MN)
- Energy and Utilities Market by Geography (USD MN)
- Manufacturing Market by Geography (USD MN)
- Retail Market by Geography (USD MN)
- Healthcare Market by Geography (USD MN)
- Others Market by Geography (USD MN)
- Global Email Encryption Market by Geography (USD MN)
- North America Market Analysis (USD MN)
- United State Market Analysis (USD MN)
- Canada Market Analysis (USD MN)
- Mexico Market Analysis (USD MN)
- Europe Market Analysis (USD MN)
- Europe Market Estimate by Country (USD MN)
- United Kingdom Market Analysis (USD MN)
- France Market Analysis (USD MN)
- Germany Market Analysis (USD MN)
- Italy Market Analysis (USD MN)
- Russia Market Analysis (USD MN)
- Spain Market Analysis (USD MN)
- Rest of Europe Market Analysis (USD MN)
- Asia Pacific Market Analysis (USD MN)
- China Market Analysis (USD MN)
- Japan Market Analysis (USD MN)
- India Market Analysis (USD MN)
- South Korea Market Analysis (USD MN)
- Australia Market Analysis (USD MN)
- Rest of Asia Pacific Market Analysis (USD MN)
- Latin America Market Analysis (USD MN)
- Brazil Market Analysis (USD MN)
- Argentina Market Analysis (USD MN)
- Peru Market Analysis (USD MN)
- Chile Market Analysis (USD MN)
- Rest of Latin America Market Analysis (USD MN)
- Middle East & Africa Market Analysis (USD MN)
- Saudi Arabia Market Analysis (USD MN)
- UAE Market Analysis (USD MN)
- Israel Market Analysis (USD MN)
- South Africa Market Analysis (USD MN)
- Rest of Middle East and Africa Market Analysis (USD MN)
- Partnership/Collaboration/Agreement
- Mergers And Acquisiton
LIST OF FIGURES
- Research Scope of Email Encryption Report
- Market Research Process
- Market Research Methodology
- Global Email Encryption Market Size, by Region (USD MN)
- Porters Five Forces Analysis
- Market Attractiveness Analysis by Component
- Market Attractiveness Analysis by Deployment Mode
- Market Attractiveness Analysis by Organization Size
- Market Attractiveness Analysis by Industry Vertical
- Market Attractiveness Analysis by Region
- Value Chain Analysis
- Global Market Analysis by Component (USD MN)
- Solution Market by Geography (USD MN)
- Services Market by Geography (USD MN)
- Training and Education Market by Geography (USD MN)
- Support and Maintenance Market by Geography (USD MN)
- Global Market Analysis by Deployment Mode (USD MN)
- On-premises Market by Geography (USD MN)
- Cloud Market by Geography (USD MN)
- Global Market Analysis by Organization Size (USD MN)
- SMEs Market by Geography (USD MN)
- Large Enterprises Market by Geography (USD MN)
- Global Market Analysis by Industry Vertical (USD MN)
- BFSI Market by Geography (USD MN)
- Government and Defense Market by Geography (USD MN)
- IT and Telecom Market by Geography (USD MN)
- Energy and Utilities Market by Geography (USD MN)
- Manufacturing Market by Geography (USD MN)
- Retail Market by Geography (USD MN)
- Healthcare Market by Geography (USD MN)
- Others Market by Geography (USD MN)
- Global Market by Revenue
- North America Market by Revenue
- Europe Market by Revenue
- Asia Pacific Market by Revenue
- Latin America Market by Revenue
- Middle East & Africa Market by Revenue
- Recent Development in Industry
- Company Market Share Analysis
* Kindly note that the above listed are the basic tables and figures of the report and are not limited to the TOC.
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Objectives of Study
- Define and measure the global market
- Volume or revenue forecast of the global market and its various sub-segments with respect to main geographies
- Analyze and identify major market trends along with the factors driving or inhibiting the market growth
- Study the company profiles of the major market players with their market share
- Analyze competitive developments