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The Global Email Encryption Market was valued at USD 2.05 billion in 2016 and is projected to reach USD 14.19 billion by 2025, growing at a CAGR of 24.01% from 2017 to 2025.
Email encryption refers to an encryption and authentication mechanism of an email message to prevent the contents from being read by an unauthorized recipient. Emails can be encrypted and decrypted by means of a digital signature mechanism that uses public and private keys. Key benefits of email encryption includes â€" protection of private information, avoids spam, time efficient, cost efficient, ensures secure communication with the customers, and protects internal emails and shield potential intrusions from malware and other insider threats.
1. Market Drivers
1.1 Increasing demand for security solutions
1.2 Rising internal threats among users
1.3 Increasing demand for cloud-based solutions
1.4 Rise in adoption of standards and privacy regulations
2. Market Restraints
2.1 Key management requirements
2.2 Costly encryption solutions
2.3 Detection of rising spam mails
The Global Email Encryption Market is segmented on the deployment mode, application, and region.
1. By Deployment Mode:
2. By Application:
2.3 IT and Telecom
2.4 Banking, Financial Services, and Insurance (BFSI)
3. By Region:
3.1 North America (U.S., Canada, Mexico)
3.2 Europe (Germany, UK, France, Rest of Europe)
3.3 Asia Pacific (China, India, Japan, Rest of Asia Pacific)
3.4 Latin America (Brazil, Argentina, Rest of Latin America)
3.5 Middle East & Africa
The major players in the market are as follows:
1. Symantec Corporation
2. Entrust, Inc.
3. Trend Micro
4. ZIX Corporation
5. Mcafee (Intel)
7. Cisco Systems, Inc.
8. Sophos Ltd.
9. Hewlett Packard
10. Microsoft Corporation
These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
RESEARCH METHODOLOGY OF VERIFIED MARKET INTELLIGENCE:
Research study on the Global Email Encryption Market was performed in five phases which include Secondary research, Primary research, subject matter expert advice, quality check and final review.
The market data was analyzed and forecasted using market statistical and coherent models. Also market shares and key trends were taken into consideration while making the report. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis.
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