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Email Encryption Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

March 2023 | 109 pages | ID: E70F93C4CCADEN
IMARC Group

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Market Overview:

The global email encryption market size reached US$ 2.5 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 9.9 Billion by 2028, exhibiting a growth rate (CAGR) of 26.08% during 2023-2028.

Email encryption refers to the authentication mechanism of encoding and disguising the contents of an email to protect it from unauthorized access. Email is an extremely vulnerable mode of communication that can be hacked over unsecured or public networks. Encryption is one of the primary data security solutions in the present times. It secures the contents of the email by making them unreadable as they get transferred over networks. The methodology primarily depends on cryptography wherein the user publishes a key to decrypt the message. Email encryption is an essential tool for both organizations and individuals as it prevents the access of important and confidential data by unintended users.

The rising demand for cloud-based services along with increasing data security concerns and privacy regulations is the key factor driving the growth of the market. Furthermore, frequent instances of phishing and spam emails are also positively influencing the market. With a significant increase in the usage of email services by corporate organizations and individuals, the probability of unauthorized and unidentified sources accessing the content has increased. This has encouraged consumers to implement email encryption to secure their sensitive data against losses and manipulation. Additionally, it also prevents cyber threats and attacks through malware, spam, viruses, Business Email Compromise (BEC) and other intrusions that expose sensitive enterprise information. Moreover, the thriving banking, financial services, and insurance (BFSI) and healthcare industries are also driving the market growth. The organizations within these industries now store their data on the cloud and operate on the pay-per-use model of the encryption service. This provides flexibility and scalability to accommodate the diverse needs of organizations and reduces the dependence on the internal IT personnel along with licensing and maintenance costs for the user.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global email encryption market report, along with forecasts at the global and regional level from 2023-2028. Our report has categorized the market based on encryption type, deployment type, component, end-user and organization size.

Breakup by Encryption Type:

End-To-End Email Encryption
Gateway Email Encryption
Boundary Email Encryption
Hybrid Email Encryption
Client Plugins


Breakup by Deployment Type:

On-Premise
Cloud Based


Breakup by Component:

Solution
Service

Training and Education
Support and Maintenance


Breakup by End-User:

BFSI
Healthcare
Government
IT & Telecom
Others


Breakup by Organization Size:

Small and Medium Size Organizations
Large Size Organizations


Breakup by Region:

North America
Asia Pacific
Europe
Middle East and Africa
Latin America


Competitive Landscape:

The report has also analyzed the competitive landscape of the market with some of the key players being Cisco Systems, Proofpoint, Symantec, Trend Micro, Zix, Cryptzone, DataMotion, Echoworx, Egress Software Technologies, Entrust, Greenview Data, HPE, McAfee, Microsoft, Sophos, Virtru, WatchGuard Technologies, etc.

Key Questions Answered in This Report:

What was the size of the global email encryption market in 2022?
What is the expected growth rate of the global email encryption market during 2023-2028?
What are the key factors driving the global email encryption market?
What has been the impact of COVID-19 on the global email encryption market?
What is the breakup of the global email encryption market based on the encryption type?
What is the breakup of the global email encryption market based on the deployment type?
What is the breakup of the global email encryption market based on the component?
What is the breakup of the global email encryption market based on the end-user?
What is the breakup of the global email encryption market based on the organization size?
What are the key regions in the global email encryption market?
Who are the key players/companies in the global email encryption market?
1 PREFACE

2 SCOPE AND METHODOLOGY

2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
  2.3.1 Primary Sources
  2.3.2 Secondary Sources
2.4 Market Estimation
  2.4.1 Bottom-Up Approach
  2.4.2 Top-Down Approach
2.5 Forecasting Methodology

3 EXECUTIVE SUMMARY

4 INTRODUCTION

4.1 Overview
4.2 Key Industry Trends

5 GLOBAL EMAIL ENCRYPTION MARKET

5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Breakup by Encryption Type
5.5 Market Breakup by Deployment Type
5.6 Market Breakup by Component
5.7 Market Breakup by End-User
5.8 Market Breakup by Organization Size
5.9 Market Breakup by Region
5.10 Market Forecast

6 MARKET BREAKUP BY ENCRYPTION TYPE

6.1 End-To-End Email Encryption
  6.1.1 Market Trends
  6.1.2 Market Forecast
6.2 Gateway Email Encryption
  6.2.1 Market Trends
  6.2.2 Market Forecast
6.3 Boundary Email Encryption
  6.3.1 Market Trends
  6.3.2 Market Forecast
6.4 Hybrid Email Encryption
  6.4.1 Market Trends
  6.4.2 Market Forecast
6.5 Client Plugins
  6.5.1 Market Trends
  6.5.2 Market Forecast

7 MARKET BREAKUP BY DEPLOYMENT TYPE

7.1 On-Premise
  7.1.1 Market Trends
  7.1.2 Market Forecast
7.2 Cloud Based
  7.2.1 Market Trends
  7.2.2 Market Forecast

8 MARKET BREAKUP BY COMPONENT

8.1 Solution
  8.1.1 Market Trends
  8.1.2 Market Forecast
8.2 Service
  8.2.1 Market Trends
  8.2.2 Major Types
    8.2.2.1 Training and Education
    8.2.2.2 Support and Maintenance
  8.2.3 Market Forecast

9 MARKET BREAKUP BY END-USER

9.1 BFSI
  9.1.1 Market Trends
  9.1.2 Market Forecast
9.2 Healthcare
  9.2.1 Market Trends
  9.2.2 Market Forecast
9.3 Government
  9.3.1 Market Trends
  9.3.2 Market Forecast
9.4 IT & Telecom
  9.4.1 Market Trends
  9.4.2 Market Forecast
9.5 Others
  9.5.1 Market Trends
  9.5.2 Market Forecast

10 MARKET BREAKUP BY ORGANIZATION SIZE

10.1 Small and Medium Size Organizations
  10.1.1 Market Trends
  10.1.2 Market Forecast
10.2 Large Size Organizations
  10.2.1 Market Trends
  10.2.2 Market Forecast

11 MARKET BREAKUP BY REGION

11.1 North America
  11.1.1 Market Trends
  11.1.2 Market Forecast
11.2 Asia Pacific
  11.2.1 Market Trends
  11.2.2 Market Forecast
11.3 Europe
  11.3.1 Market Trends
  11.3.2 Market Forecast
11.4 Middle East and Africa
  11.4.1 Market Trends
  11.4.2 Market Forecast
11.5 Latin America
  11.5.1 Market Trends
  11.5.2 Market Forecast

12 SWOT ANALYSIS

12.1 Overview
12.2 Strengths
12.3 Weaknesses
12.4 Opportunities
12.5 Threats

13 VALUE CHAIN ANALYSIS

14 PORTER’S FIVE FORCES ANALYSIS

14.1 Overview
14.2 Bargaining Power of Buyers
14.3 Bargaining Power of Suppliers
14.4 Degree of Competition
14.5 Threat of New Entrants
14.6 Threat of Substitutes

15 PRICE ANALYSIS

16 COMPETITIVE LANDSCAPE

16.1 Market Structure
16.2 Key Players
16.3 Profiles of Key Players
  16.3.1 Cisco Systems
  16.3.2 Proofpoint
  16.3.3 Symantec
  16.3.4 Trend Micro
  16.3.5 Zix
  16.3.6 Cryptzone
  16.3.7 DataMotion
  16.3.8 Echoworx
  16.3.9 Egress Software Technologies
  16.3.10 Entrust
  16.3.11 Greenview Data
  16.3.12 HPE
  16.3.13 McAfee
  16.3.14 Microsoft
  16.3.15 Sophos
  16.3.16 Virtru
  16.3.17 WatchGuard Technologies

LIST OF TABLES

Table 1: Global: Email Encryption Market: Key Industry Highlights, 2022 and 2028
Table 2: Global: Email Encryption Market Forecast: Breakup by Encryption Type (in Million US$), 2023-2028
Table 3: Global: Email Encryption Market Forecast: Breakup by Deployment Type (in Million US$), 2023-2028
Table 4: Global: Email Encryption Market Forecast: Breakup by Component (in Million US$), 2023-2028
Table 5: Global: Email Encryption Market Forecast: Breakup by End-User (in Million US$), 2023-2028
Table 6: Global: Email Encryption Market Forecast: Breakup by Organization Size (in Million US$), 2023-2028
Table 7: Global: Email Encryption Market Forecast: Breakup by Region (in Million US$), 2023-2028
Table 8: Global: Email Encryption Market Structure
Table 9: Global: Email Encryption Market: Key Players


LIST OF FIGURES

Figure 1: Global: Email Encryption Market: Major Drivers and Challenges
Figure 2: Global: Email Encryption Market: Sales Value (in Billion US$), 2017-2022
Figure 3: Global: Email Encryption Market: Breakup by Encryption Type (in %), 2022
Figure 4: Global: Email Encryption Market: Breakup by Deployment Type (in %), 2022
Figure 5: Global: Email Encryption Market: Breakup by Component (in %), 2022
Figure 6: Global: Email Encryption Market: Breakup by End-User (in %), 2022
Figure 7: Global: Email Encryption Market: Breakup by Organization Size (in %), 2022
Figure 8: Global: Email Encryption Market: Breakup by Region (in %), 2022
Figure 9: Global: Email Encryption Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 10: Global: Email Encryption Industry: SWOT Analysis
Figure 11: Global: Email Encryption Industry: Value Chain Analysis
Figure 12: Global: Email Encryption Industry: Porter’s Five Forces Analysis
Figure 13: Global: Email Encryption (End-To-End Email Encryption) Market: Sales Value (in Million US$), 2017 & 2022
Figure 14: Global: Email Encryption (End-To-End Email Encryption) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 15: Global: Email Encryption (Gateway Email Encryption) Market: Sales Value (in Million US$), 2017 & 2022
Figure 16: Global: Email Encryption (Gateway Email Encryption) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 17: Global: Email Encryption (Boundary Email Encryption) Market: Sales Value (in Million US$), 2017 & 2022
Figure 18: Global: Email Encryption (Boundary Email Encryption) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 19: Global: Email Encryption (Hybrid Email Encryption) Market: Sales Value (in Million US$), 2017 & 2022
Figure 20: Global: Email Encryption (Hybrid Email Encryption) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 21: Global: Email Encryption (Client Plugins) Market: Sales Value (in Million US$), 2017 & 2022
Figure 22: Global: Email Encryption (Client Plugins) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 23: Global: Email Encryption (On-Premise) Market: Sales Value (in Million US$), 2017 & 2022
Figure 24: Global: Email Encryption (On-Premise) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 25: Global: Email Encryption (Cloud Based) Market: Sales Value (in Million US$), 2017 & 2022
Figure 26: Global: Email Encryption (Cloud Based) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 27: Global: Email Encryption (Solution) Market: Sales Value (in Million US$), 2017 & 2022
Figure 28: Global: Email Encryption (Solution) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 29: Global: Email Encryption (Service) Market: Sales Value (in Million US$), 2017 & 2022
Figure 30: Global: Email Encryption (Service) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 31: Global: Email Encryption (BFSI) Market: Sales Value (in Million US$), 2017 & 2022
Figure 32: Global: Email Encryption (BFSI) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 33: Global: Email Encryption (Healthcare) Market: Sales Value (in Million US$), 2017 & 2022
Figure 34: Global: Email Encryption (Healthcare) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 35: Global: Email Encryption (Government) Market: Sales Value (in Million US$), 2017 & 2022
Figure 36: Global: Email Encryption (Government) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 37: Global: Email Encryption (IT & Telecom) Market: Sales Value (in Million US$), 2017 & 2022
Figure 38: Global: Email Encryption (IT & Telecom) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 39: Global: Email Encryption (Other End-Users) Market: Sales Value (in Million US$), 2017 & 2022
Figure 40: Global: Email Encryption (Other End-Users) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 41: Global: Email Encryption (Small and Medium Size Organizations) Market: Sales Value (in Million US$), 2017 & 2022
Figure 42: Global: Email Encryption (Small and Medium Size Organizations) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 43: Global: Email Encryption (Large Size Organizations) Market: Sales Value (in Million US$), 2017 & 2022
Figure 44: Global: Email Encryption (Large Size Organizations) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 45: North America: Email Encryption Market: Sales Value (in Million US$), 2017 & 2022
Figure 46: North America: Email Encryption Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 47: Asia Pacific: Email Encryption Market: Sales Value (in Million US$), 2017 & 2022
Figure 48: Asia Pacific: Email Encryption Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 49: Europe: Email Encryption Market: Sales Value (in Million US$), 2017 & 2022
Figure 50: Europe: Email Encryption Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 51: Middle East and Africa: Email Encryption Market: Sales Value (in Million US$), 2017 & 2022
Figure 52: Middle East and Africa: Email Encryption Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 53: Latin America: Email Encryption Market: Sales Value (in Million US$), 2017 & 2022
Figure 54: Latin America: Email Encryption Market Forecast: Sales Value (in Million US$), 2023-2028


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