Email Encryption Market SWOT Analysis, Latest Innovations, Emerging Trends, Industry Size, Growth Outlook and Forecast 2028
Email encryption is the process of encrypting the sensitive information present in email messages to protect it from being used by someone other than the intended recipient. Email encryption protects the confidential data from being used by cyber attackers or hackers. The ultimate aim of email encryption is to encrypt or mask the email messages by using mathematical algorithms and make it readable only to the authorized user.
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What is the need of Email Encryption?
When a user sends an email to someone, it travels through various networks and servers. During transmission, extremely sensitive information, login credentials, business transaction details, or financial documents can be easily accessed by an unauthorized user if the email is not encrypted. Email encryption is vital in such cases. Due to economic growth, digitalization, and technological advancements in every field, email communication and information sharing in businesses is crucial in order to communicate with clients and other business entities.
Encrypting emails help protect the information and pass it to intended recipients only. Reputation, trust, and success of any organization is dependent on how the information is stored and shared through various electronic mediums. For maintaining a long-term relationship with clients and customers, email encryption is extremely important. Increasing growth in businesses demands for highly secured email encryption services.
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Key Highlights in the Report
On-premises segment revenue is expected to expand at a significantly fast CAGR during the forecast period. Increasing deployment of on-premises-based email encryption solutions across various sectors to enable better data security is expected to boost revenue growth of this segment going ahead.
In terms of revenue share, the solution segment is expected to lead over the forecast period due to rising adoption of email encryption solutions by various companies to efficiently encrypt internal and external email communications and to secure critical business data, information, and facilities.
Increasing adoption of email encryption solutions in the BFSI industry is expected to drive revenue growth of the BFSI segment, which is expected to lead in terms of revenue contribution to the global email encryption market during the forecast period.
Some major companies in the global market report include
Cisco Systems, Inc.,
Micro Focus International plc,
Trend Micro Inc.,
Sophos Group plc,
Norton LifeLock Inc.,
BAE Systems plc,
Zix Corporation,
Proofpoint, Inc., and
Mimecast Limited,
Echoworx.
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Additionally, the report covers the analysis of the key players in the industry with a special focus on their global position, financial status, and their recent developments. Porter’s Five Forces Analysis and SWOT analysis have been covered by the report to provide relevant data on the competitive landscape.
Detailed Regional Analysis covers:
North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia-Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Emergen Research has segmented the global email encryption market on the basis of deployment, component, end-use, and region:
Deployment Outlook (Revenue, USD Billion; 2018–2028)
Cloud
On-premises
Component Outlook (Revenue, USD Billion; 2018–2028)
Services
Solution
End-use Outlook (Revenue, USD Billion; 2018–2028)
Manufacturing
Healthcare
IT & Telecom
Retail
Energy and Utilities
Government
Media & Entertainment
BFSI
Others
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The report addresses the following key points:
The report estimates the expected market size from 2021-2028
The report provides a forecast of market drivers, restraints, and future opportunities for the Email Encryption market
The report further analyses the changing market dynamics
Regional analysis and segmentation of the market with analysis of the regions and segments expected to dominate the market growth
Extensive competitive landscape mapping with profiles of the key competitors
In-depth analysis of business strategies and collaborations such as mergers and acquisitions adopted by the key companies
Revenue forecast, country scope, application insights, and product insights
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