Global Email Encryption Market to Hit $19.75 Billion by 2034 Amid Rising Cybersecurity Threats

As per an updated research report published by Fact.MR, a market research and competitive intelligence provider, The global email encryption market is expected to reach a size of US$ 5.1 billion in 2024, as revealed in a recently updated industry report by Fact.MR. Worldwide revenue from email encryption solutions has been forecasted to rise at a CAGR of 14.5% and reach US$ 19.75 billion by the end of 2034.

Rising cases of data breaches and cyber security threats are pushing enterprises to prioritize email security solutions. Growing emphasis on the deployment of these cloud-based services is attributed to their features of strengthening the security of sensitive information, which has been communicated through email networks. Increasing concerns related to cyber security and a growing preference for email security are stimulating demand for solutions for email encryption.

Small- & medium-scale enterprises are recognizing the importance of email encryption for safeguarding their sensitive information. With the constant evolution of cyber threats, these small & medium-sized enterprises need to leverage facilities provided through email encryption services, such as SEGs (secure email gateways) and DLP (data loss prevention), thereby offering a holistic approach to secure management.

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Key Takeaway from Market Study:

• The global market for email encryption is projected to reach a value of US$ 19.75 billion by the end of 2034.
• North America is forecasted to account for 35% share of the global market by 2034.
• Demand for email encryption services and solutions in South Korea is calculated to increase at 16.4% CAGR from 2024 to 2034.
• The market in Japan is evaluated to expand at a CAGR of 16.2% through 2034.
• Global demand for email encryption solutions is forecasted to rise at a CAGR of 14.1% and reach a market value of US$ 11.85 billion by 2034.
• Cloud-based email encryption is evaluated to occupy a market share of 55% by the end of 2034.

“Market players focusing on developing cost-effective email encryption solutions for matching the demand from end-use industries such as BFSI, healthcare, manufacturing, telecommunication, and others,”says a Fact.MR analyst.

Flexibility, Ease of Administration, and Scalability Making Cloud-based Email Encryption Solutions Popular

Worldwide demand for cloud-based email encryption solutions is projected to increase at a CAGR of 13.9% and reach a value of US$ 10.86 billion by the end of 2034. These cloud-based models offer scalability, flexibility, and ease of implementation, thereby making them an attractive option for organizations of different sizes. Cloud-based email encryption solutions eliminate the need for management and maintenance of infrastructure for organizations thereby reducing operational complexities.

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More Valuable Insightson Offer:

Fact.MR, in its new offering, presents an unbiased analysis of the email encryption market, presenting historical demand data (2019 to 2023) and forecast statistics for the period (2024 to 2034).

The study divulges essential insights into the market based on type (end-to-end, gateway, boundary, hybrid, client plugins), component (solutions, services), deployment mode (cloud, on-premise), organization size (large enterprises, SMEs), and end-use vertical (BFSI, government & defense, IT & ITeS, telecommunication, energy & utilities, manufacturing, retail & e-Commerce, healthcare, others [media & entertainment, education, travel & transport]), across seven major regions of the world (North America, Latin America, Western Europe, Eastern Europe, East Asia, South Asia & Pacific, and MEA).

Key Companies Profiled:

Micro Focus; Fortinet; Broadcom; Zoho; Cisco; Egress Software; Trend Micro; Retarus; SOPHOS; Zivver; Fortra; Mimecast; Proofpoint; Barracuda Networks; HPE; Thales; Entrust.

Industry News:

Cisco Systems, in December 2023, announced its decision to acquire Isovalent to define the prospects of multi-cloud security and networking.

Proofpoint, on December 19, 2023, announced the completion of Tessain’s acquisition. The latter is one of the prominent users of advanced AI solutions for automatically guarding and detecting changing email threats and accidental data loss.

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