The global email security market is anticipated to grow rapidly from 2021 to 2031, with a healthy CAGR of 18.6%. By 2031, it is expected to be worth $22,953.5 million. The rise in business email compromise (BEC) scams and spear phishing attacks, the rising demand for cloud-based email encryption services, the need to adhere to strict privacy laws and data protection directives, and the rising data security concerns are the main factors driving the market’s expansion.
Strong email security solutions are now essential due to the broad adoption of digital communication and the growing reliance on email for both personal and professional needs. Emails have become a top target for hackers looking to get unauthorised access to sensitive information due to the increasing number of email users. A considerable increase in business email compromise (BEC) frauds and spear phishing assaults has compelled organisations to spend money on sophisticated email security solutions to safeguard their data, reputation, and financial resources.
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Additionally, the market for email security has expanded as a result of the growing demand for cloud-based email encryption services. Organisations can effectively safeguard their email communications because to the increased scalability, flexibility, and accessibility provided by cloud-based solutions. Businesses are increasingly turning to cloud-based email security solutions to guarantee the confidentiality, integrity, and availability of their critical information as a result of the increased usage of cloud technology and remote working practises.
The General Data Protection Regulation (GDPR) and the California Consumer Privacy Act (CCPA) are only two examples of the privacy laws and guidelines that organisations must abide by. To ensure the security of personal and sensitive data, including email conversations, these requirements require strict procedures. As a result, organisations from a variety of industries are spending money on comprehensive email security solutions to meet compliance needs and safeguard the information of their clients.
The need to comply with privacy laws, the rise in BEC scams and spear phishing assaults, the high demand for cloud-based email encryption services, and expanding data security concerns are all projected to contribute to the significant growth of the global email security market. Businesses operating in this market can take advantage of the growing need for email security solutions to achieve considerable growth and safeguard their important information assets. By 2031, it is expected that this market will be worth over $22,000 million.
Highlighted with 84 tables and 93 figures, this 173-page report “Global Email Security Market 2021-2031 by Component (Solutions, Services), Encryption Type (Boundary, Gateway-to-Gateway, End-to-End, Hybrid, Client Plugins), Email Type (Web, Mobile), Deployment (Cloud-based, On-premise), Industry Vertical, Business Segment (Large Enterprises, Mid-size Enterprises, Small-size Enterprises, Personal and Home), Distribution Channel (Direct Sales, Distributors and Resellers), and Region: Trend Forecast and Growth Opportunity” is based on a comprehensive research of the entire global email security market and all its sub-segments through extensively detailed classifications. Profound analysis and assessment are generated from premium primary and secondary information sources with inputs derived from industry professionals across the value chain. The report is based on studies on 2018-2021 and provides forecast from 2022 till 2031 with 2021 as the base year. (Please note: The report will be updated before delivery so that the latest historical year is the base year and the forecast covers at least 5 years over the base year.)
In-depth qualitative analyses include identification and investigation of the following aspects:
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- Market Structure
- Growth Drivers
- Restraints and Challenges
- Emerging Product Trends & Market Opportunities
- Porter’s Fiver Forces
The trend and outlook of global market is forecast in optimistic, balanced, and conservative view by taking into account of COVID-19 and the Russia-Ukraine conflict. The balanced (most likely) projection is used to quantify global email security market in every aspect of the classification from perspectives of Component, Encryption Type, Email Type, Deployment, Industry Vertical, Business Segment, Distribution Channel, and Region.
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Based on Component, the global market is segmented into the following sub-markets with annual revenue ($ mn) for 2021-2031 included in each section.
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- Solutions
- Services
Based on Encryption Type, the global market is segmented into the following sub-markets with annual revenue ($ mn) for 2021-2031 included in each section.
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- Boundary Email Encryption
- Gateway-to-Gateway Email Encryption
- End-to-End Email Encryption
- Hybrid E-mail Encryption
- Client Plugins
By Email Type, the global market is segmented into the following sub-markets with annual revenue ($ mn) for 2021-2031 included in each section.
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- Web Emails
- Mobile Emails
By Deployment, the global market is segmented into the following sub-markets with annual revenue ($ mn) for 2021-2031 included in each section.
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- Cloud-based Email Security
- On-premise Email Security
By Industry Vertical, the global market is segmented into the following sub-markets with annual revenue ($ mn) for 2021-2031 included in each section.
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- BFSI
- Healthcare & Life Sciences
- Government & Public Sector
- IT & Telecom
- Entertainment & Media
- Education
- Energy & Utilities
- Manufacturing
- Retail & E-commerce
- Other Industry Verticals
By Business Segment, the global market is segmented into the following sub-markets with annual revenue ($ mn) for 2021-2031 included in each section.
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- Large Enterprises and Business
- Mid-size Enterprises and Business
- Small-size Enterprises and Business
- Personal and Home
By Distribution Channel, the global market is segmented into the following sub-markets with annual revenue ($ mn) for 2021-2031 included in each section.
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- Direct Sales
- Distributors and Resellers
Geographically, the following regions together with the listed national/local markets are fully investigated:
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- North America (U.S., Canada, and Mexico)
- Europe (Germany, UK, France, Spain, Italy, Russia, Rest of Europe; Rest of Europe is further segmented into Netherlands, Switzerland, Poland, Sweden, Belgium, Austria, Ireland, Norway, Denmark, and Finland)
- APAC (Japan, China, South Korea, Australia, India, and Rest of APAC; Rest of APAC is further segmented into Malaysia, Singapore, Indonesia, Thailand, New Zealand, Vietnam, Taiwan, and Philippines)
- South America (Brazil, Chile, Argentina, Rest of South America)
- MEA (UAE, Saudi Arabia, South Africa, Other Nations)
For each aforementioned region and country, detailed analysis and data for annual revenue ($ mn) are available for 2021-2031. The breakdown of all regional markets by country and split of key national markets by Component，Encryption Type and Industry Vertical over the forecast years are also included.
The report also covers current competitive scenario and the predicted trend; and profiles key vendors including market leaders and important emerging players.
Selected Key Players:
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- Barracuda Networks
- Broadcom, Inc.
- Cisco Systems, Inc.
- Cryptzone
- Echoworx
- Egress Software Technologies
- FireEye
- Micro Focus International PLC
- Mimecast Limited
- Proofpoint, Inc.
- Sophos Group PLC (Thoma Bravo)
- Trend Micro Incorporated
- Virtru
- Zix
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