Email Encryption Market is anticipated to grow at a CAGR of 23.2% during forecast period and estimated to reach USD 14,538 Million by 2027.

Email encryption secures the data from being read by someone who is an invalid recipient. It is a method by which information is converted to a secret code that hides true meaning of the information. The email encryption method encrypts three primary things, the connection of email provider, archived emails, and actual email messages. Emails contain confidential information that can be easily hacked by the cybercriminals, if not secured. Organizations implement email encryption solutions or services to their server to protect their stored data or confidential information.

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The major factors surging the growth the global email encryption market during the forecast period include the increasing rate of cyber-attacks, phishing, email scam, and Business Email Compromise (BEC) scams. Corporate email accounts are hacked by the rivals in BEC to trick customers or partners into transferring financial payment to the account of cybercriminals. These cybercriminals send emails apparently from a trusted person’s account to reveal confidential data or information. In order to conserve the confidential information, enterprises use email encryption solutions and services, which in turn, is increasing the growth of the global email encryption market.

During this pandemic, even the small enterprises are inclined towards working digitally as mandated by the regulatory & government to maintain social distance. The increased usage of email with home servers has surged the risk of theft. There has been an increased rate of phishing and email scams in this pandemic due to which the use of digital technologies such as Data Loss Prevention, email security, and email encryption has increased globally. Organizations have become more vigilant to prevent their stored confidential data on email servers. Email encryption allows organizations to protect their data, resources, and confidential information from cyber-attacks. This increased implementation of email encryption solutions by organizations has played a significant role in the growth of the global email encryption market. However, the implementation of email encryption services to prevent data loss comes at a very high cost. This is a challenge faced by many organizations while inducing email encryption solutions to their business, which might hamper the growth of this market.

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Based on the component, the market is segmented into solution and services. The services segment is further segmented into training & education and support & maintenance. The solution segment is projected to grow at a higher CAGR during the forecast period. Organizations are becoming more cautious towards preventing their data and confidential information present in their email servers. Email encryption solutions ensure the ethical practices of employees within the organization. It also protects several threats such as email scams, financial losses through phishing, data theft, trojan, and BEC. These factors attract several organizations to implement email encryption solution, which is driving the growth of the solution segment in the global email encryption market.

Based on the deployment mode, the market is segmented into on-premises and cloud. The cloud segment is anticipated to witness a faster CAGR over the forecast period in the global email encryption market. Cloud service providers help organizations to prevent their data from malicious practices through highly amenable and upgradable email encryption solutions. Deployment of email encryption on cloud helps in reducing overall costs, improves strength, and disperses data storage and computing.

Based on the industry vertical, the market is segmented into banking, financial services & insurance (BFSI), government & defense, IT & telecom, energy & utilities, manufacturing, retail, healthcare, and others. The BFSI segment is expected to grow at a higher CAGR over the forecast period. The BFSI industry deals with substantial amount of sensitive financial data. This industry demands email encryption solutions to transform their data deterministically to a form in which the original data does not get revealed. Due to the large volume of financial data, the BFSI industry requires regulations to ensure its security. Thus, the rising security concerns is a major factor that is responsible for the growth of the BFSI segment in the global email encryption market.

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Based on the region, North America is projected to grow at a higher CAGR over the forecast period in the email encryption market. There are a large number of email encryption solution providers in this region. Awareness among the organizations to secure their confidential data from cyber-attacks, email scams, and phishing enables them to implement email encryption solution to their servers is one of the major factor that is surging the growth of the market in this region. This factor has increased the demand for cloud-based services, data security, and regulations regarding privacy, which is further bolstering the growth of the email encryption market in North America.

Various notable players operating in the global email encryption market include Symantec, Trend Micro Incorporated, CISCO, Proofpoint, Inc., Sophos Ltd., Micro Focus, BAE Systems, Intermedia.net, Inc., Zix Corporation, and Virtru, among others. 

Key Developments: 

• • In 2020, BAE Systems acquired Techmodal to enhance its technology and data portfolio. Techmodal has expertise in data science, digital transformation, and data analytics, which will help in strengthening BAE Systems position in the market.
  • In 2019, Sophos launched its Early Access Program (EAP) for Sophos email advanced- email encryption, which has ability to encrypt entire mail or attachments only and quick setup feature.

The global email encryption market has been segmented on the basis of type, component, deployment mode, organization size and key regions. Based on type, the market is segmented into end-to-end email encryption, gateway email encryption, boundary email encryption, hybrid email encryption, and client plugins. Based on component, the market is segmented into solution and services. The services segment is further segmented into training & education and support & maintenance. Based on deployment mode, the market is segmented into on-premises and cloud. Based on organization size the market is segmented into small & medium-sized enterprises and large enterprises. Based on industry vertical, the market is segmented into banking, financial services & insurance, government & defense, IT & telecom, energy & utilities, manufacturing, retail, healthcare, and others. Based on the regions, the global email encryption market has been segmented into Asia-Pacific, Europe, North America, and RoW. 

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Key questions answered in this research report:

• • At what pace is global email encryption market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in email encryption market? What will be the impact of drivers and restraints in the future?
  • What are the regional revenues and forecast breakdowns? Which are the major regional revenue pockets for growth in the global email encryption market?
  • Which type generated maximum revenues in 2019 and identify the most promising type during the forecast period?
  • What are the various component areas of global email encryption market and how they are poised to grow?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

Report Coverage	Details
Market Base Year	2019
Market Forecast Period	2020-2027
Market Revenues (2027)	USD 14,538 Million
Base Year & Forecast Units	Revenues (USD Million)
Market Segment	By Type, By Component, By Deployment Mode, By Organization Size, By Industry Vertical, By Region
Regional Coverage	Asia Pacific, Europe, North America, and RoW
Companies Profiled	Symantec, Trend Micro Incorporated, CISCO, Proofpoint, Inc., Sophos Ltd., Micro Focus, BAE Systems, Intermedia.net, Inc., Zix Corporation, Virtru, among others; a total of 10 companies covered.
25% Free Customization Available	We will customize this report up to 25% as a free customization to address our client’s specific requirements

Market Segmentation

Global Email Encryption Market by Type

• • End-to-End Email Encryption
  • Gateway Email Encryption
  • Boundary Email Encryption
  • Hybrid Email Encryption
  • Client Plugins

Global Email Encryption Market by Component

• • Solution
  • Services
    • Training & Education
    • Support & Maintenance

Global Email Encryption Market by Deployment Mode

• • On-Premises
  • Cloud

Global Email Encryption Market by Organization Size

• • Small & Medium-Sized Enterprises
  • Large Enterprises

Global Email Encryption Market by Industry Vertical

• • Banking, Financial Services & Insurance
  • Government & Defense
  • IT & Telecom
  • Energy & Utilities
  • Manufacturing
  • Retail
  • Healthcare
  • Others

Global Email Encryption Market by Region

• • North America Email Encryption Market (Option 1: As a part of the free 25% customization)
    • North America Market by Type
    • North America Market by Component
    • North America Market by Deployment Mode
    • North America Market by Organization Size
    • North America Market by Industry Vertical
    • US Market All-Up
    • Canada Market All-Up
  • Europe Email Encryption Market (Option 2: As a part of the free 25% customization)
    • Europe Market by Type
    • Europe Market by Component
    • Europe Market by Deployment Mode
    • Europe Market by Organization Size
    • Europe Market by Industry Vertical
    • UK Market All-Up
    • Germany Market All-Up
    • France Market All-Up
    • Spain Market All-Up
    • Rest of Europe Market All-Up
  • Asia-Pacific Email Encryption Market (Option 3: As a part of the free 25% customization)
    • Asia-Pacific Market by Type
    • Asia-Pacific Market by Component
    • Asia-Pacific Market by Deployment Mode
    • Asia-Pacific Market by Organization Size
    • Asia-Pacific Market by Industry Vertical
    • China Market All-Up
    • India Market All-Up
    • Japan Market All-Up
    • Rest of APAC Market All-Up
  • RoW Email Encryption Market (Option 4: As a part of the free 25% customization)
    • RoW Market by Type
    • RoW Market by Component
    • RoW Market by Deployment Mode
    • RoW Market by Organization Size
    • RoW Market by Industry Vertical
    • Brazil Market All-Up
    • South Africa Market All-Up
    • Saudi Arabia Market All-Up
    • UAE Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Market All-Up

Major Players Operating the Email Encryption (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • Symantec
  • Trend Micro Incorporated
  • CISCO
  • Proofpoint, Inc.
  • Sophos Ltd.
  • Micro Focus
  • BAE Systems
  • net, Inc.
  • Zix Corporation
  • Virtru