Email Encryption Markets, 2023 by Component (Solution and Service), Deployment Mode (On-premises and Cloud), Organization Size, Industry Vertical, and Region - ResearchAndMarkets.com

The "Email
Encryption Market by Component (Solution and Service (Training and
Education, and Support and Maintenance)), Deployment Mode (On-premises
and Cloud), Organization Size, Industry Vertical, and Region - Global
Forecast to 2023" report has been added to ResearchAndMarkets.com's
offering.

Mandate to comply with data protection directives and rise in spear
phishing attacks targeting email information to drive the overall email
encryption market

The global email encryption market size is expected to grow from USD 2.3
billion in 2018 to USD 5.8 billion by 2023, at a Compound Annual Growth
Rate (CAGR) of 20.0% during the forecast period.

Various factors, such as need to protect the confidential email
information from spear phishing attacks and mandate to comply with data
protection directives are expected to drive the market. However, high
cost of email encryption solution may restrain the email encryption
market growth.

The SMEs segment to grow at a higher CAGR during the
forecast period

Based on organization size, the email encryption market has been
segmented into SMEs and large enterprises. The SMEs segment is expected
to grow at the highest CAGR in the email encryption market during the
forecast period. The growing use of mobile devices in Small and Medium
Enterprises (SMEs) for sending mails has influenced data transfer, over
business networks, to personal devices, such as mobile phones and
laptops. This huge volume of data transfer has increased fraudulent
data, cyber-attacks, data losses, and the threat of personal data
thefts. These rising security issues have compelled the SMEs to focus on
their email encryption solution. In the coming years, email encryption
solution would witness high adoption among SMEs across the globe.

The BFSI industry vertical to hold a larger market size
during the forecast period

The BFSI industry vertical is expected to hold a larger market size in
the email encryption market during the forecast period, due to the
increasing instances of email taping, phishing, spear phishing, spam,
and insider data thefts in this industry vertical. BFSI is the most
targeted industry vertical as it deals with large volumes of sensitive
and private data. The enterprises in this industry vertical are
demanding for the email encryption solution to ensure irreversible
encryption. This industry vertical is the most regulated, as it has to
comply with many security requirements. The email encryption solutions
in the BFSI industry vertical are witnessing rapid adoption due to the
confidential nature of the financial data that needs to be secured all
the time.

North America to account for the highest market share,
whereas Asia Pacific (APAC) to grow at the highest CAGR

North America is projected to hold the highest share of the email
encryption market from 2018 to 2023, owing to the early adoption of the
email encryption solution in the region across various industry
verticals, specifically in the BFSI and healthcare industry verticals.
The concentrated presence of large number of email encryption solution
and services providers in the US from the North American region is also
expected to drive revenue growth for the region.

The Asia Pacific (APAC) market is expected to grow at the highest CAGR
during the forecast period. APAC is expected to witness a notable
adoption of the technology as enterprises and SMEs across various
industry verticals are now adopting email encryption solutions in order
to secure business-critical email information from misuse by computer
hackers for monetary gains and sophisticated cyber-attacks. The
developed APAC countries such as China, ANZ, and India have implemented
email encryption solutions to fulfill compliance requirements and data
security needs of businesses.

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

4.1 Attractive Market Opportunities in the Email Encryption Market

4.2 Email Encryption Market, Market Share of Top 3 Industry Verticals
and Regions, 2018

4.3 Email Encryption Market, By Component, 2018 Vs 2023

4.4 Email Encryption Market, By Service, 2018 Vs 2023

4.5 Email Encryption Market, By Deployment Mode, 2018

4.6 Email Encryption Market, By Organization Size, 2018

4.7 Email Encryption Market, By Industry Vertical, 2018 Vs 2023

4.8 Market Investment Scenario

5 Market Overview and Industry Trends

5.1 Introduction

5.2 Regulatory Implications

5.2.1 Advanced Encryption Standards

5.2.2 Federal Information Processing Standards

5.2.3 Payment Card Industry Data Security Standard

5.2.4 Health Insurance Portability and Accountability Act

5.2.5 General Data Protection Regulation

5.2.6 Gramm-Leach-Bliley Act

5.3 Encryption Algorithms

5.3.1 Data Encryption Standard and Triple Data Encryption Standard

5.3.2 Advanced Encryption Standard

5.3.3 Aes-256 Bit Encryption

5.3.4 Aes-128 Bit Encryption

5.3.5 Xxtea-128 Bit Encryption

5.3.6 RSA

5.3.7 Blowfish

5.3.8 Twofish

5.4 Market Dynamics

5.4.1 Drivers

5.4.1.1 Rise in Business Email Compromise Scams and Spear Phishing

5.4.1.2 Mandate to Comply With Data Protection Directives

5.4.2 Restraints

5.4.2.1 High Cost of Email Encryption Solutions

5.4.3 Opportunities

5.4.3.1 Need to Shift From Traditional Encryption Tools for Advanced
Data Security

5.4.3.2 Increase in Adoption of Multi-Cloud Services

5.4.4 Challenges

5.4.4.1 Requirement of Key Management and Verification Solutions for
Encrypting Keys

5.5 Use Cases

5.5.1 Adoption of Email Encryption Solution Among Leading Financial
Service Providers

5.5.2 Adoption of Email Encryption Solution Among Retail Companies

5.5.3 Dependence of Government Agency on Email Encryption Solution and
Services

5.6 Best Practices in Email Encryption Market

5.7 Innovation Spotlight

5.7.1 Paubox

5.7.2 Sendinc

5.7.3 Frama

6 Email Encryption Market, By Type

6.1 End-To-End Email Encryption

6.2 Gateway Email Encryption

6.3 Boundary Email Encryption

6.4 Hybrid Email Encryption

6.5 Client Plugins

7 Email Encryption Market, By Component

7.1 Introduction

7.2 Solution

7.2.1 Asia Pacific to Record Highest Growth Rate in Solution Segment

7.3 Services

7.3.1 Training and Education

7.3.1.1 Growing Need Among Enterprises for Eliminating Knowledge Gaps to
Boost Growth of Training and Education Services

7.3.2 Support and Maintenance

7.3.2.1 Support and Maintenance Services to Continue to Gain Popularity
During the Forecast Period

8 Email Encryption Market, By Deployment Mode

8.1 Introduction

8.2 0N-Premises

8.2.1 On-Premises Deployment Model to Enable Organizations to Manage
System Updates and Data on Their Own

8.3 Cloud

8.3.1 Cost-Effectiveness of Cloud-Based Offerings to Drive Adoption of
Email Encryptiopn Solution

9 Email Encryption Market, By Organization Size

9.1 Introduction

9.2 Small and Medium-Sized Enterprises

9.2.1 Rising Adoption of Email Encryption Solution Among Small and
Medium-Sized Enterprises to Cost-Effectively Streamline Business
Operations

9.3 Large Enterprises

9.3.1 Availability of Huge Infrastructures to Drive Large Enterprises to
Adopt Email Encryption Solution

10 Email Encryption Market, By Industry Vertical

10.1 Introduction

10.2 Banking, Financial Services, and Insurance

10.2.1 Increasing Instances and Sophistication of Spear Phishing Attacks
in Financial Transactions to Fuel Growth of Email Encryption Market

10.3 Government and Defense

10.3.1 Growing Need to Protect Sensitive Credentials of Citizens and
Employees to Boost Market Growth in Government and Defense Industry
Vertical

10.4 IT and Telecom

10.4.1 IT and Telecom Companies Deploy Email Encryption Solution to
Address Challenges Related to Security and Privacy of Digital Identities

10.5 Healthcare

10.5.1 Rising Security Breaches to Drive Need for Email Encryption
Solution in Healthcare Industry Vertical

10.6 Manufacturing

10.6.1 Manufacturing Industry Vertical to Deploy Email Encryption
Solution for Addressing Challenges Related to Security and Privacy of
Email Data

10.7 Energy and Utilities

10.7.1 Email Encryption Solution to Enhance Operational Efficiency and
Mitigate Potential Spear Phishing Attacks in Energy and Utilities
Industry Vertical

10.8 Retail

10.8.1 Retail Industry Vertical to Adopt Email Encryption Solution for
Protecting Confidential and Private Information of Customers

10.9 Others

11 Email Encryption Market, By Region

12 Competitive Landscape

12.1 Competitive Leadership Mapping

12.2 Key Developments in Email Encryption Market

12.3 Competitive Scenario

13 Company Profiles

13.1 Introduction

13.2 Micro Focus

13.3 Symantec

13.4 Cisco

13.5 Trend Micro

13.6 Sophos

13.7 Proofpoint

13.8 Bae Systems

13.9 Zix

13.10 Entrust Datacard

13.11 Mimecast

13.12 Egress Software

13.13 Intermedia

13.14 Virtru

13.15 Lux Scientiae (Lux Sci)

13.16 Cryptzone

13.17 Echoworx

For more information about this report visit https://www.researchandmarkets.com/research/q5kxkw/email_encryption?w=4

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