USD 6.23 billion
Report ID: SQMIG45F2084 | Region: Global | Published Date: February, 2024 | Pages: 157 | Tables: 88 | Figures: 76
Email Security Market size was valued at USD 6.23 billion in 2021 and is poised to grow from USD 7.10 billion in ;2022 to USD 20.26 billion by 2030, growing at a CAGR of 14% during the forecast period (2023-2030).
The expansion of the email security market on a global scale is attributed to the continuous technological advancements, which have led to a significant increase in cyber threats. Additionally, there has been a notable rise in the adoption of BYOD (Bring Your Own Device) practices. However, many companies face challenges when integrating email security solutions into their existing security infrastructures, spanning from network security to endpoint security. This obstacle hinders the seamless integration of IT security within organizations. Moreover, the shortage of skilled IT security professionals in the email security market further exacerbates the problem, particularly for companies facing functional issues and vulnerable to attacks from various sectors. To address these concerns, several providers offer enhanced email security solutions that ensure a secure email pathway. Cloud-based advanced solutions have gained popularity due to their ability to protect companies from a wide range of potential threats, driving the demand for such solutions and bolstering the global email security market. Ultimately, this approach aims to enhance overall productivity, a goal pursued by every company.
Cybersecurity is crucial in augmenting workforce capabilities and should be prioritized across all sectors. As experts in the cybersecurity field strive to mitigate major challenges of varying severity, they invest more in improving security standards, consequently contributing to the development of the global email security market. Implementing robust security measures not only ensures the safety of companies but also alleviates the workload of IT professionals by automating mail security configurations. This incentivizes companies to invest further in this domain, thereby promoting the growth of the international email security market. The increasing need for fraud protection has made it imperative for companies to seek effective email security solutions that can integrate mail security systems at both the cloud and on-premises levels. Overall, the continuous pursuit of minimizing credit theft, attacks, and account hacking drives the demand for email security solutions, positioning the global email security market for significant growth.
US Email Security Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Market Size
USD 6.23 billion
Gateway Email Encryption
Gateway Email Encryption
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Global Email Security Market is segmented by type, deployment, component and region. Based on type, the market can be segmented into boundary email encryption, end-to-end email encryption, gateway email encryption, hybrid email encryption, and client plugins. Based on deployment, the market is segmented into cloud and on-premise. Based on component, the market is segmented into solutions and services. Based on region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Analysis by Type
The dominant segment in the email security market is gateway email encryption. Gateway email encryption involves securing email communications at the network perimeter, where emails are scanned and encrypted before entering or leaving the organization's network. This segment holds a prominent position due to its effectiveness in preventing unauthorized access to sensitive information and ensuring compliance with data protection regulations. By implementing gateway email encryption, companies can establish a centralized security mechanism that intercepts and encrypts emails, providing an additional layer of protection against potential cyber threats.
End-to-end email encryption is the fastest growing segment in the email security market. End-to-end email encryption offers the highest level of security by encrypting emails throughout their entire journey, from sender to recipient. This segment is witnessing rapid growth due to the increasing concerns over privacy and data confidentiality. End-to-end encryption ensures that only the intended recipient can decrypt and access the email content, mitigating the risks of unauthorized interception or tampering. As organizations prioritize securing their communications and protecting sensitive data, the demand for end-to-end email encryption solutions continues to rise, making it the fastest growing segment in the market.
Analysis by Deployment
The dominant segment in the email security market based on deployment is cloud-based solutions. Cloud deployment offers numerous advantages, including scalability, cost-effectiveness, and ease of management. Cloud-based email security solutions allow organizations to offload the responsibility of infrastructure maintenance and updates to the service provider, enabling them to focus on their core operations. With the increasing adoption of cloud computing and the growing preference for software-as-a-service (SaaS) models, the cloud deployment segment has emerged as the dominant choice for email security, particularly among small and medium-sized enterprises (SMEs) seeking flexible and scalable solutions.
On-premise solutions segment is the fastest growing segment in the email security market based on deployment. While cloud deployment dominates the market, there is still a significant demand for on-premise email security solutions, especially among large enterprises and industries with strict data sovereignty requirements. On-premise deployment provides organizations with complete control over their email security infrastructure, allowing them to customize and tailor the solution to their specific needs. Some organizations may opt for on-premise deployment due to regulatory compliance concerns, the need for highly sensitive data protection, or the desire to have direct management and visibility over their email security environment. As a result, the on-premise deployment segment is experiencing rapid growth as certain organizations continue to prioritize in-house control and management of their email security systems.
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North America dominated the email security market. North America has a strong presence in the market due to the high adoption of advanced technologies, a large number of established cybersecurity companies, and stringent data protection regulations. The region's focus on cybersecurity and its robust IT infrastructure contribute to the dominance of North America in the email security market. Furthermore, the region is home to several major players in the industry, leading to the availability of a wide range of email security solutions and services.
The fastest growing region in the email security market is Asia Pacific. The region is experiencing rapid economic growth, increasing digitalization, and a significant rise in cyber threats. As a result, there is a growing awareness among organizations in Asia Pacific regarding the importance of email security. Governments in the region are also implementing stricter data protection regulations, further driving the demand for robust email security solutions. Additionally, the increasing adoption of cloud computing and mobile devices in the region fuels the need for effective email security measures.
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Increasing frequency of cyber threats
Lack of skilled IT security professionals
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The global email security market is characterized by a diverse range of players offering comprehensive solutions and services to address the growing challenges of email security. Established cybersecurity companies dominate the market with their extensive product portfolios and established market presence. These companies leverage their expertise in threat intelligence, encryption technologies, and advanced detection mechanisms to provide robust email security solutions. Additionally, there are emerging players that are gaining traction with their innovative offerings and agile approaches to email security. The market also witnesses collaborations, partnerships, and acquisitions among key players to expand their market reach and enhance their capabilities in providing comprehensive email security solutions. Overall, the competitive landscape is dynamic, driven by technological advancements, evolving customer demands, and the need for continuous innovation to stay ahead in the battle against email-borne threats.
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SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to our global email security market analysis, the market is experiencing significant growth due to the increasing prevalence and sophistication of cyber threats. Organizations are recognizing the need to protect their sensitive information and communications from unauthorized access and data breaches. This has driven the demand for robust email security solutions that can detect, prevent, and mitigate email-borne threats. The market is dominated by established cybersecurity companies offering comprehensive email security solutions, while emerging players are also gaining traction with innovative offerings. Cloud-based email security solutions are witnessing rapid adoption due to their scalability, cost-effectiveness, and ease of management. Additionally, strategic partnerships and collaborations are shaping the market, allowing businesses to enhance their email security through integrations with cloud security and Data Loss Prevention (DLP) solutions. Overall, the market is dynamic, driven by evolving customer demands, technological advancements, and the need for continuous innovation to stay ahead of cyber threats.
|Market size value in 2021
|USD 6.23 billion
|Market size value in 2030
|USD 20.26 billion
|Forecast Unit (Value)
|North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)
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Parent Market Analysis
KEY MARKET INSIGHTS
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Global Email Security Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Email Security Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
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