What Has Been The Historical And Current Growth Of The Email Encryption Market?
The email encryption market has seen considerable growth due to a variety of factors.
• The expansion of the email encryption market has been remarkable in the past few years. The market that was valued at $7.75 billion in 2024, is projected to enlarge to $9.49 billion in 2025, with a compound annual growth rate (CAGR) of 22.4%.
Factors such as concerns surrounding data privacy, compliance rules, the surge in cyber threats, the growing application of mobile devices, and the globalization of commerce have contributed to the historically seen growth.
What Does Future Hold for The Email Encryption Market Size?
The email encryption market is expected to maintain its strong growth trajectory in upcoming years.
• The market size for email encryption is anticipated to witness tremendous expansion in the coming years. It is projected to escalate to $23.01 billion by 2029, with a compound annual growth rate (CAGR) of 24.8%.
This growth over the forecast period can be accredited to factors such as evolving advanced threats, the need for secure remote work, threats from quantum computing, and improved user experience. The predicted trends for this period consist of infusion with collaboration utilities, complete encryption, encryption solutions based on the cloud, advanced threat protection and easy-to-use encryption interfaces.
What Are the Critical Driver Fuelling the Email Encryption Market's Growth?
The increasing cases of enterprise email risks are projected to stimulate the expansion of the email encryption market. Enterprise email threats involve cybercriminals impersonating reliable organizations to gain access to confidential information through deceptive emails. Email encryption employs sophisticated technology to provide businesses with comprehensive email encryption, safeguarding against risks associated with these emails. As an illustration, Acronis, a Swiss firm specializing in cybersecurity and data protection, reported a 293% increase in email attacks in the first half of 2024 compared to the same timeframe in 2023. Therefore, the growing frequency of enterprise email threats is fuelling the advancement of the email encryption market.
What Is The Segmentation Of The Global Email Encryption Market?
The email encryption market covered in this report is segmented –
1) By Component: Solutions, Services
2) By Deployment Mode: Cloud, On-Premises
3) By Organization Size: Large Enterprises, Small And Medium Enterprises (SMEs)
4) By Vertical: BFSI, Government And Defense, IT And ITeS, Telecommunication, Energy And Utilities, Manufacturing, Retail And eCommerce, Healthcare, Other Verticals
Subsegments:
1) By Solutions: Email Encryption Software, Integrated Email Security Solutions
2) By Services: Managed Services, Consulting Services, Training And Support Services
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What Emerging Trends Are Shaping The Email Encryption Market Landscape?
The trend of transitioning from conventional email encryption mechanisms to innovative email encryption methods is increasingly becoming popular in the email encryption market. Enhanced email security safeguards data by encrypting email content during transmission. Several prominent companies are adopting cutting-edge technologies like client-side encryption to fortify the security of their organizational emails. For instance, Google LLC, an American tech firm, introduced client-side encryption in the mobile Gmail application for business security in October 2023. This functionality encrypts data on the sender's end prior to transmission to the recipient's device, signifying that only the sender and recipient can decrypt the information, excluding others, including Google itself which bolsters security.
Who Are the Key Players in the Email Encryption Market?
Major companies operating in the email encryption market include:
• Cisco Systems Inc.
• BAE Systems plc
• Thales Group
• CipherMail B.V.
• Fortinet lnc.
• OpenText Corporation
• Micro Focus International plc
• Trend Micro Incorporated
• Proofpoint Inc.
• Entrust Corporation
• Fortra Technologies
• Barracuda Networks lnc.
• Intermedia.Net Inc.
• Retarus GmbH
• Proton AG
• Proton Technologies AG
• Mimecast Services limited
• Zix Corporation
• Sophos Ltd.
• Virtru Corporation
• Hush Communications Canada Inc.
• Echoworx Corporation
• Egress Software Technologies Ltd.
• NeoCertified
• Paubox lnc.
• PreVeil lnc.
• Sealit LLC
• Symantec Corporation
• Microsoft Corporation
What are the Regional Insights into the Email Encryption Market?
North America was the largest region in the email encryption market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the email encryption market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
