Email Encryption Market Breakdown By Size, Share, Growth, Trends, and Industry Analysis| MarkNtel

MarkNtel Advisors recently published a detailed industry analysis of the Email Encryption Market. The report covers growth trends, geographical marketing strategies, challenges, opportunities, and drivers influencing the market.

Email Encryption Market Size, Share, and Trends Analysis Report – Industry Overview and Forecast to 2030

The Email Encryption Market size was valued at around 5.5 billion in 2023 and is estimated to grow at a CAGR of around 18.5% during the forecast period, i.e., 2024-30.

What are the major Driver the Email Encryption industry?

Rising Incidents of Email Data Breaches & Extensive Use of Emails to Infuse the Market Growth – A key driver propelling the expansion of the Email Encryption Market is the escalating occurrence of email data breaches, posing substantial risks to the confidentiality & security of personal and business data. According to Statista reports, the global email subscriber count reached approximately 4.26 billion in 2022 and is anticipated to rise to nearly 4.73 billion by 2026.

Given its widespread adoption, email remains a significant cybersecurity vulnerability, with about 94% of malware transmitted through email in 2021, as reported by Egress. Email encryption acts as a preventive measure, protecting email content and attachments from unauthorized access or manipulation, thereby mitigating potential losses.

Additionally, email is a common mode of communication for sharing information with customers, businesses, and partners. Despite the growing use of social media channels such as LinkedIn, Facebook, Twitter, and Google+, emails remain a reliable form of corporate communication. As a result, these factors are expected to drive Email Encryption Market growth throughout the forecast period.

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What segments define the Email Encryption market from 2024 to 2030? How do these segments contribute to market dynamics and growth?

• By Component
• Solution- Market Size & Forecast 2019-2030, (USD Million)
• Services- Market Size & Forecast 2019-2030, (USD Million)
• By Deployment
• On Premises- Market Size & Forecast 2019-2030, (USD Million)
• Cloud - Market Size & Forecast 2019-2030, (USD Million)

According to report, The On-premise segment held a substantial share of the Email Encryption Market and is poised to flourish in the coming years.

• End Users
• BFSI- Market Size & Forecast 2019-2030, (USD Million)
• Healthcare- Market Size & Forecast 2019-2030, (USD Million)
• Government & Defense- Market Size & Forecast 2019-2030, (USD Million)
• IT & ITeS- Market Size & Forecast 2019-2030, (USD Million)
• Telecom- Market Size & Forecast 2019-2030, (USD Million)
• Retail- Market Size & Forecast 2019-2030, (USD Million)
• Ecommerce - Market Size & Forecast 2019-2030, (USD Million)
• Others

According to report, The BFSI sector would account for a prominent share of the Email Encryption Market growth due to the increasing cases of fraudulent activities.

• By Type
• End-To-End Email Encryption- Market Size & Forecast 2019-2030, (USD Million)
• Gateway Email Encryption- Market Size & Forecast 2019-2030, (USD Million)
• Hybrid Email Encryption- Market Size & Forecast 2019-2030, (USD Million)
• By Enterprise Size
• Large Enterprise - Market Size & Forecast 2019-2030, (USD Million)
• Medium & Small Enterprise- Market Size & Forecast 2019-2030, (USD Million)

Explore the Complete Email Encryption Market Analysis Report – https://www.marknteladvisors.com/research-library/email-encryption-market.html

Geographical Analysis: Email Encryption Market

o   North America

o   Europe

o   Asia-Pacific

o   South America

o   Middle East & Africa

Email Encryption Market Share & Competitive Landscape:

The Email Encryption Market is characterized by intense competition, with several key players driving growth through innovation, market expansion, and strategic investments. The competitive landscape provides valuable insights into the industry's leading companies, highlighting their strengths, financial performance, and market influence.

Leading Companies in the Email Encryption Market are:

• BAE Systems
• Fortinet
• Mimecast
• Cisco
• Proofpoint
• Zoho
• Broadcom
• Open Text
• Barracuda Networks
• Thales
• Sophos
• HPE
• Trend Micro
• Fortra
• Seclore

Email Encryption Industry Recent Development:

• April 2023: Barracuda Networks, Inc. has entered into a strategic distribution agreement with Ingram Micro to enhance its footprint in the Gulf region. This collaboration aims to grant resellers in the UAE, Kuwait, Qatar, Oman, Bahrain, Yemen, and Pakistan access to Barracuda's advanced cybersecurity solutions.

 Questions Addressed in this Study

1.What factors are driving the Email Encryption Market growth?

2.How is the Email Encryption Market expected to grow over the next five years?

3.What are the key insights into the current trends in the Email Encryption Market?

4.What is the current size of the Email Encryption Market, and how is it projected to change in the future?

6.What is the future outlook for the Email Encryption Market in terms of technological advancements and market expansion?

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Why MarkNtel Advisors?

MarkNtel Advisors is a leading research, consulting, & data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, & individuals, among others.

Our specialization in niche industries & emerging geographies allows our clients to formulate their strategies in a much more informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 15 diverse industrial verticals.

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