NEW
YORK, July 17, 2024 /PRNewswire/ -- The
global email security market size is estimated to grow by
USD 5.16 billion from 2024-2028,
according to Technavio. The market is estimated to grow at a CAGR
of 13.64% during the forecast period. Increase in employee
mobility is driving market growth, with a trend
towards adoption of cloud-based solutions.
However, availability of open-source solutions poses a
challenge. Key market players include Barracuda Networks Inc.,
Check Point Software Technologies Ltd., Cisco Systems Inc.,
cryptzone.no AS, Dell Technologies Inc., Egress Software
Technologies Ltd., Entrust Corp., Fortinet Inc., McAfee LLC,
Microsoft Corp., Mimecast Ltd., Musarubra US LLC, OpenText Corp.,
Proofpoint Inc., Proton AG, SAP SE, Sophos Ltd., Trend Micro Inc.,
Trustifi LLC, and WatchGuard Technologies Inc..
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segments, customer landscape, and companies- View the
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Email Security
Market Scope
|
Report
Coverage
|
Details
|
Base year
|
2023
|
Historic
period
|
2018 - 2022
|
Forecast
period
|
2024-2028
|
Growth momentum &
CAGR
|
Accelerate at a CAGR of
13.64%
|
Market growth
2024-2028
|
USD 5169.7
million
|
Market
structure
|
Fragmented
|
YoY growth 2022-2023
(%)
|
11.73
|
Regional
analysis
|
North America, APAC,
Europe, South America, and Middle East and Africa
|
Performing market
contribution
|
APAC at 45%
|
Key
countries
|
US, UK, China, India,
and Germany
|
Key companies
profiled
|
Barracuda Networks
Inc., Check Point Software Technologies Ltd., Cisco Systems Inc.,
cryptzone.no AS, Dell Technologies Inc., Egress Software
Technologies Ltd., Entrust Corp., Fortinet Inc., McAfee LLC,
Microsoft Corp., Mimecast Ltd., Musarubra US LLC, OpenText Corp.,
Proofpoint Inc., Proton AG, SAP SE, Sophos Ltd., Trend Micro Inc.,
Trustifi LLC, and WatchGuard Technologies Inc.
|
Market Driver
Major industries such as financial institutions, healthcare, and
government organizations are increasingly adopting cloud-based
email security solutions due to their centralized, searchable data
repositories. These solutions enable employees to access emails
from any location and time zone, reducing costs and simplifying
data management. Enterprises face challenges in handling growing
data volumes, including potential data loss. Cloud-based email
security addresses these issues with on-demand scalability and zero
additional costs. Additionally, cloud solutions ensure data
availability and security, making them an essential investment for
businesses. Therefore, the global email security market will
experience significant growth as more enterprises adopt these
solutions.
Email security is a critical aspect of IT security for
businesses as mails remain a primary vector for viruses, cyber
threats, and account hacking. With the technological growth and
BYOD adoption, email security solutions have become essential for
organizations of all sizes, from small businesses to large
enterprises. Email security providers offer various solutions to
secure email accounts and networks from attacks, including
integration with security infrastructures, endpoint protection, and
cloud-based email security. Functional issues, such as phishing
attacks, fraud protection, and social spam, are
significant concerns for IT professionals. Traditional ways of
email security are no longer sufficient, and organizations must
invest in advanced email security solutions to protect their
workforce from cyber threats. The size of the organization and
industry vertical also impact the severity of email security
threats. Email security solutions come in various forms, including
on-premise and cloud-based options. Deployment and support &
maintenance are essential considerations when choosing an email
security solution. Training and education for employees are also
crucial to prevent human errors that can lead to email security
breaches. Investments in email security solutions have become a
priority for organizations, with cybersecurity becoming a critical
component of productivity and workloads. Email security solutions
offer value chain analysis, helping organizations identify and
mitigate risks in their email environments. The cybersecurity
landscape is constantly evolving, and organizations must stay
updated on the latest threats and security standards to ensure
their email security arrangements are effective.
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Market Challenges
- The email security market is experiencing a shift towards
open-source solutions due to their affordability and accessibility.
Small and medium-sized enterprises (SMEs) and individual users, who
often have limited financial resources, find open-source email
security solutions appealing. Open-source alternatives, such as
MailScanner and Proxmox Mail Gateway, can be downloaded and used
without any upfront costs. While the presence of these solutions
may reduce the overall revenue in the global email security market,
they offer an effective and cost-efficient option for businesses
seeking to secure their email communications.
- Email security is a critical business issue, with functional
challenges and various attacks threatening productivity and
cybersecurity. Providers offer cloud-based solutions to mitigate
risks, but organizations of all sizes face different severity
levels. Large enterprises in industries like healthcare, telecom,
retail, energy & utilities, manufacturing, government, and IT
require robust email security arrangements. Traditional ways of
securing emails are no longer sufficient
against fraud protection, account hacking, social
spam, and stealing credits. Value chain analysis reveals the need
for deployment, support & maintenance, training &
education, and solutions tailored to specific industries and
workloads. Cybersecurity professionals emphasize the importance of
adhering to security standards and investing in advanced email
security solutions.
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challenges - Request a sample report!
Segment Overview
This email security market report extensively covers market
segmentation by
- Application
- 1.1 On premise
- 1.2 Cloud based
- Product
- 2.1 Products
- 2.2 Services
- Geography
- 3.1 North America
- 3.2 APAC
- 3.3 Europe
- 3.4 South America
- 3.5 Middle East and
Africa
1.1 On premise- Email security is a crucial aspect of any
business's digital strategy. Effective email security solutions
protect against phishing attacks, malware, and data breaches. They
offer features like spam filtering, encryption, and multi-factor
authentication. Implementing these solutions safeguards sensitive
information, maintains compliance, and enhances overall email
productivity. Businesses can choose from various email security
providers based on their specific needs and budget.
For more information on market segmentation with geographical
analysis including forecast (2024-2028) and historic data
(2017-2021) - Download a Sample Report
Learn and explore more about Technavio's in-depth research
reports
The global E-Mail Encryption Market is experiencing significant
growth due to increasing concerns over data privacy and security.
Major drivers include stringent regulations, rising cyber threats,
and the need for secure communication. Key players are Symantec,
Cisco, and Trend Micro. The global Email Hosting Services Market is
expanding rapidly, driven by the growing adoption of cloud-based
solutions and the need for efficient and secure email management.
Leading companies like Google, Microsoft, and Rackspace dominate
the market, offering robust, scalable, and reliable hosting
services to businesses worldwide.
Research Analysis
Subject: Fortify Your Email Security: Protect Your Organization
from Cyber Threats Body: Email remains a primary vector for cyber
attacks, with viruses, phishing scams, and malware posing
significant risks to organizations. The technological growth of
email security solutions has been driven by the adoption of cloud
services, BYOD policies, and the increasing severity of cyber
threats. Network security and endpoint protection are essential
components of email security, but integration with other IT
security solutions is also crucial. Providers offer various
products, including email filtering, encryption, and data loss
prevention, to help organizations maintain security standards and
productivity. Email security solutions protect your mails and
accounts from attacks, ensuring the confidentiality, integrity, and
availability of your information. Adopting these solutions is no
longer an option but a necessity in today's digital landscape. Stay
ahead of cyber threats and safeguard your workforce with robust
email security.
Market Research Overview
Email security is a critical aspect of IT security for
organizations of all sizes and industries, as the volume of
business emails and the sophistication of cyber threats continue to
grow. Emails remain a primary vector for viruses, malware, phishing
attacks, account hacking, social spam, and other cyber threats. The
adoption of email security solutions has become essential to
safeguard valuable information and maintain productivity.
Technological growth and the increasing trend of BYOD adoption have
led to the integration of email security with network security,
endpoint security, and cloud security. Functional issues, such as
deployment size, organization size, and industry vertical,
influence the choice of email security solutions. Email security
solutions provide fraud protection against credit card
stealing and account hacking, as well as support and maintenance,
training, and education for workforces. The severity of attacks and
the need for compliance with security standards necessitate
investments in advanced email security arrangements. Traditional
ways of securing emails are being replaced by modern solutions that
offer real-time threat detection, advanced filtering, and user
behavior analysis. Email security providers offer on-premise and
cloud-based solutions to cater to the varying needs of large
enterprises, healthcare, telecom, retail, energy & utilities,
manufacturing, government, and other industries. Experts predict
that the email security market will continue to grow, driven by the
increasing number of workloads and the importance of cybersecurity
in today's digital world.
Table of Contents:
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation
- Application
-
- Product
-
- Geography
-
- North America
- APAC
- Europe
- South America
- Middle East And Africa
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix
About Technavio
Technavio is a leading global technology research and advisory
company. Their research and analysis focuses on emerging market
trends and provides actionable insights to help businesses identify
market opportunities and develop effective strategies to optimize
their market positions.
With over 500 specialized analysts, Technavio's report library
consists of more than 17,000 reports and counting, covering 800
technologies, spanning across 50 countries. Their client base
consists of enterprises of all sizes, including more than 100
Fortune 500 companies. This growing client base relies on
Technavio's comprehensive coverage, extensive research, and
actionable market insights to identify opportunities in existing
and potential markets and assess their competitive positions within
changing market scenarios.
Contacts
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
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