New York, US, Aug. 16, 2021 (GLOBE NEWSWIRE) -- Market Overview:
According to a comprehensive research report by Market Research Future (MRFR), “Global Email Security Market information by Type, Application and Region – forecast to 2027” the market is speculated to cross the overall value of 6.8 billion USD with CAGR of 16.2 by Forecast 2025.
Email Security Market Scope:
Accelerating digital transformation and adoption of cloud email services worldwide is making organizations reorganize their email security architecture and technology stack. With organizations increasingly working to consolidate technology vendors, the Email Security Market is growing profusely. Besides, the rising demand for unparalleled phishing intelligence and deployments of email security platforms in enterprises worldwide substantiates the email security market growth.
Dominant Key Players on Email Security Market Covered Are:
- Dell, Inc (US)
- Cisco Systems, Inc (US)
- Fortinet (US)
- Symantec Corporation (US)
- McAfee, Inc (US)
- Appriver (US)
- Microsoft Corporation (US)
- Apptix (US)
- Mimicast (UK)
- BAE Systems (UK)
- SAP SE (US)
- Sophos (UK)
- Entrust Datacard (US)
- Egress Software (UK)
- Cryptzone (US)
- FireEye, Inc
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Market Drivers:
Ongoing commitments of various organizations to improve the MSP ecosystem to solve the phishing problem and take email security to another level push the market growth further. Also, the growing demand for advanced email protection solutions that can address the MSPs business requirements crates substantial market opportunities. The advent of advanced AI and automation capabilities impact market growth positively.
The market is estimated to garner significant traction worldwide. With email systems incorporated into every business system and growing digitization, the need for email security is growing too.
Security providers strive to offer one-stop solutions for organizations' email security needs, eliminating the need for many expensive and slow-to-deploy legacy solutions. They look forward to advancing phishing detection and response capabilities to disrupt the email security market. They lay the groundwork to support their customers and maintain high-quality solutions.
Browse In-depth Market Research Report (100 Pages) on Email Security Market:
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Segmentation of Market Covered in the Research:
The email security market is segmented into types, components, deployments, organization size, industry verticals, and regions. The type segment is sub-segmented into boundary email encryption, end-to-end email encryption, gateway email encryption, hybrid email encryption, and client plugins.
The component segment is sub-segmented into solutions and services. The sub-segment service is further bifurcated into support & maintenance and training & education. The organization size segment is sub-segmented into small & medium enterprises (SMEs) and large enterprises.
The deployment type segment is divided into cloud and on-premise. The industry vertical segment is sub-segmented into BFSI, government, IT & telecom, healthcare, retail, manufacturing, energy & utilities, and others. The region segment is sub-segmented into Americas, Europe, APAC, and the Rest-of-the-World.
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Regional Analysis
North America leads the global email security market majorly due to advances in email security technologies. Besides, the presence of major solution providers and well-established IT infrastructure substantiates the market growth. Substantial investments by various organizations to enhance their email security platforms and thereby business productivity drive the regional market growth.
Moreover, the vast availability of improved marketing techniques, such as email marketing and increasing numbers of cell phone users, boosts the region's market share. The North American email security market is projected to retain its dominance throughout the forecast period.
Europe stands second in the global email security market. The market growth is driven by the presence of various notable players and large deployments of email security platforms in marketing. Additionally, rising numbers of SMEs and large enterprises with sizable investments act as significant tailwinds for the region's market growth.
Furthermore, the high adoption of cloud technologies in email marketing solutions used across the growing number of retailers pushes the regional market growth. The European email security market is predicted to create a substantial revenue pocket during the assessment period.
The Asia Pacific email security market is growing rapidly. Factors such as the increasing adoption of email marketing platforms for lead generation drive the regional market's growth. The rising adoption of AI technology and cloud deployments by large and SMEs to enhance customer experience and operational performance boost the regional market's development. The APAC email security market is expected to grow at a significant rate during the forecast period.
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COVID-19 Impact on the Global Email Security Market
The onset of the pandemic impacted the email security industry positively, illustrating the importance of cloud computing and email & communication from anywhere. The massive leap people took to make a living online during the lockdown period increased the market demand. Most businesses worldwide use email to communicate with employees, customers, clients, and vendors to carry out their duties and run a company.
Rising adoption of cloud-based email services that allow organizations to deploy critical business communication applications with minimal technical support and capital costs defines the growing market landscape of email securities. The email security market is witnessing a constant uptick over the past few months, and solution providers are seen increasing investments to foster R&D activities to develop email security solutions.
Industry Trends
AI-based email security and multi-factor authentication are major trends observed in the market. In today's work from home (WFH) environment, policies related to employee devices and BYOD work scenarios should be comprehensive enough to immune email breaches and threats. Also, the introduction of biometric authentication to email encryption platforms that enable secured password-less authentication options is one of the key industry trends.
Many organizations are increasingly shifting their data storage to cloud, thereby requiring high-security services. Additionally, the high adoption of cloud-based technology by government agencies and BFSI, healthcare, and manufacturing sectors and the proliferation of digital transformation are megatrends impacting the market growth positively. However, rising uses of previously unknown cybersecurity vulnerabilities to break into victim networks are major factors restricting the growth of the email security market.
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Market Research Future (MRFR) is a global market research company that takes pride in its services, offering a complete and accurate analysis regarding diverse markets and consumers worldwide. Market Research Future has the distinguished objective of providing the optimal quality research and granular research to clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help answer your most important questions.
