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Email Encryption Market By End Use (Information Technology and Telecom, Government, Banking, Financial Services and Insurance, Defense and Intelligence, Retail, Healthcare, and Others (Aerospace, Manufacturing, etc), By Deployment (On-demand and On-premise)) - Growth, Share, Opportunities, Competitive Analysis, and Forecast 2016 - 2023

The growing integration of web-based technologies in business processes has led to increased cyber-criminal activities and threats in the form of email attacks. This, in turn, has encouraged business enterprises to invest in web security and email encryption solutions. The proliferation of mobile devices such as tablets and smartphones is an obvious driver of the BYOD concept, which has boosted the use of wireless networks, thereby augmenting the possibilities of malware attacks. Thus, the rise in the implementation of BYOD policies has been instrumental in driving the adoption of email encryption solutions among enterprises. The proliferation of cloud computing, web-based applications, and enterprise mobility have collectively paved the way for email encryption solutions to emerging as one of the most crucial solutions to drive business processes. These factors are expected to contribute to a double-digit compounded annual growth rate (CAGR) during the 2016–2023. However, high initial costs and low awareness regarding the benefits offered by these solutions are some of the challenges facing the market. The email encryption market is expected to exceed US$ 2.74 billion by 2023, with a CAGR of 22.7% between 2016 and 2023.

1.1 Report Scope

This report analyses the global email encryption market regarding deployment type, end-use verticals, and geographical distribution. Based on deployment type, the market is segmented into on-premise and on-demand (cloud-based). Similarly, based on end-user, the global email encryption market is further classified into IT and telecom, government, BFSI, retail, defense and intelligence, healthcare, and other application segments (aerospace, manufacturing, etc.). The geographical distribution of the global email encryption market considered in this study encompasses regional markets such as North America, Europe, Asia Pacific, the Middle East and Africa, and Latin America.

1.2 Report Description

Purpose of the Report

The purpose of this strategic research study titled "Global Email Encryption Market: Growth, Share, Opportunities, and Competitive Analysis, 2016–2023" is to offer industry investors, company executives, and industry participants in-depth insights to enable them to make informed strategic decisions related to the opportunities in the global email security market.

Target Audience

  • Industry Investors
  • Email encryption software developers
  • Other Web Security Solution Providers
  • Business Organizations
  • Government and Federal Agencies

Overall, the research study provides:

  • A holistic view of the global email encryption market.
  • Offering market size and estimates for the period from 2014 to 2023.
  • Keeping in mind the above mentioned factors.

Enterprises across the globe recognize their responsibility towards clients, employees, and others who have shared confidential information with them. Thus, they are increasingly focused on protecting the sensitive, confidential data entrusted to them. Not only have the need to secure and protect confidential information, but also the privacy laws bolstered the widespread implementation of email encryption solutions. Thus, email encryption has become an essential element for corporate organizations across the globe. Based on end-use, the email encryption market is categorized into the following segments:

  • IT (Information Technology) and Telecom
  • Government
  • Banking, Financial Services, and Insurance
  • Defense and Intelligence
  • Retail
  • Healthcare
  • Others (aerospace, manufacturing, etc.)

As of 2015, the global email encryption market dominated the BFSI (banking, financial services, and insurance) segment. The trend is expected to continue, and the segment is presumed to remain the largest end-use segment throughout the forecast period. The companies in this sector, more susceptible to fraudulent activities, have adopted more email encryption solutions. On the other hand, IT and telecom are expected to emerge as the fastest-growing end-use segments during the forecast period. The anticipated growth in the segment can be credited to the rise in the implementation of BYOD (bring your device) and CYOD (choose your device) policies.

Based on the deployment method, the global email encryption market is segmented into the following categories:

  • On-demand
  • On-premise

The global email encryption market was dominated by on-premise solutions in 2015. The trend shall prolong, and the segment will be the largest revenue contributor to the global email encryption market by 2023. Since on-premise deployment allows businesses to manage confidential data by themselves, this technique is widely preferred. In addition, its ability to allow businesses to customize storage has further fueled the adoption of on-premise solutions among end-users. On the other hand, on-demand (cloud-based) email encryption solutions are witnessing an alarming rise in demand as businesses that traditionally deployed on-premise solutions gradually move all their services to the cloud. This is largely on account of the superior benefits offered by cloud-based solutions in terms of scalability and initial purchase cost.

Based on geography, the global email encryption market is segmented into the following regions and countries:

  • North America
  • U.S.
  • Canada
  • Europe
  • U.K.
  • France
  • Germany
  • Rest of Europe
  • Asia Pacific
  • Japan
  • China
  • India
  • Rest of Asia Pacific
  • Rest of the World
  • Latin America
  • Middle East and Africa

As of 2015, North America, comprising the U.S. and Canada, led the global email encryption market. The region accounted for around 35% of the global email encryption market's revenue. The U.S. represents the largest and most lucrative individual email encryption market worldwide. Over the forecast period of 2016–2023, the region is expected to hold on to its dominant position because of the widespread implementation of standards and regulations (ex., DSS, PCI, and HIPAA) that promote the use of email encryption solutions in the region. Asia Pacific is presumed to emerge as the fastest-growing and most lucrative regional market during the forecast period. Investments dedicated to IT infrastructure developments, coupled with the rise in small and medium-sized businesses, are expected to favor market growth in the region during the forecast period.

Frequently Asked Question:

The market for Email Encryption is expected to reach USD$ 2.74 billion in 2023.

The Email Encryption Market is expected to see significant CAGR growth over the coming years, at 22.7%.

The report is forecasted from 2016 -2023.

The base year of this report is 2015.

McAfee, Inc., Cisco Systems, Inc., Trend Micro, Inc., Hewlett Packard, Symantec Corporation, ZIX Corporation. are some of the major players in the global market.

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Published Date:  Jul 2016
Category:  IT & Telecom
Report ID:   58014
Report Format:   PDF
Pages:   120
Rating:    4.1 (65)
Delivery Time: 24 Hours to 48 Hours   
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