Cloud is Expected to Dominate the Global Email Security Market

An increase in malware and phishing activities is increasing the demand for electronic mail security platforms. Increasing number of investments and need for business data protection by various organizations are the factors driving the market growth.

According to TechSci Research report, “Global Email Security  Market - By Country, Competition, Forecast & Opportunities, 2028”. Global Email Security  is anticipated to project robust growth in the forecast period with a CAGR of  10.25% through. The increase in demand due to less workload on IT departments of the organization, requirement of manual management of email security configurations, and the ability of the solution to uniting with email security to block threats in the cloud and on-premise platform influence the e-mail security market. Moreover, the growth in popularity of the solution owing to its advantages such as enhanced productivity of cybersecurity workforce and experts, lowering of alert fatigue as it blocks threats online, and management of response for threats depending upon its criticality positively influence the email security market. However, the surge in risk of account takeover, credential theft, spear phishing, and credential theft extend profitable opportunities to the email security market. There are certain constraints and barriers experienced that will limit the market growth. The primary difficulty faced by companies while implementing e-mail security solutions is the huge cost involved in deploying these solutions. Complicated integrated systems and the integration of AI, IoT solutions into the existing systems is a challenging task, which confines growth.

Further, the use of free, open-source, and pirated email encryption software and regular changes in government policies for data protection across various regions are limiting the market growth. Lack of awareness related to email encryption among enterprises and the dearth of key management and verification solutions for encrypting keys are the potential restraints hampering the overall growth of the global email security market.

Many organizations are not able to set up a fundamental electronic mail security infrastructure for basic operations. They are still not conducting formal training on the dangers of cyber threats, email phishing, and available protections; this network infrastructure is exposed at high risk. For instance, according to Stanford University researchers, an employee error accounts for approximately 88% of all data breaches. Moreover, a lack of organizational foresight and weak IT infrastructure impacts the business, processes, and users. The IT and security teams are forced to review their electronic mail security controls due to significant growth in the volume and effectiveness of these attacks, as well as cloud migration. This is hindering the growth of electronic mail security solutions in the market.

Browse over xx market data Figures spread through 182 Pages and an in-depth TOC on "Email Security  Market.”

Based on the deployment, the market is segmented into cloud, on-premises, and hybrid. The cloud-based email security accounted for a larger market share and is projected to grow with a high CAGR during the forecast period as organizations digitally transform and adapt to remote working environments. The usage of cloud-based email security solutions allows remote fingerprint scanning, facial recognition, and document verification to integrate with the servers. Moreover, companies have started adopting these solutions and are realizing that it helps in cost reduction, increasing operational efficiency, and improving security. For instance, According to Cisco Systems, by 2021, 70% of public and private companies are expected to use cloud-based email solutions. Thus, increasing demand for cloud-based email security solutions creates a growth opportunity for the market.

Key market players in the Global Email Security  Market are following:-

• Canadian Solar
• Entrust
• SAP SE
• Fortinet
•  Trend Micro
•  EchoWorx
• WatchGuard Technologies
• Dell, Inc
• Zix
• Apptix, McAfee
  
  

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“The global email security market share is set to grow due to increased investments and the rising need for business data protection by organizations. According to the 2023 electronic mail security report from Barracuda Networks, 26% of organizations have increased their budgets for electronic mail security spending to prevent and respond to threats as email attacks become more sophisticated and harder to detect. Furthermore, increasing BYOD and mobile device use to increase the adoption of electronic mail security solutions.” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based  global management consulting firm.

Email Security Market – Global Industry Size, Share, Trends, Opportunity, and Forecast Segmented, By Deployment (Cloud, On-Premises, and Hybrid), By Type (Boundary Email Encryption, End-to-End Email Encryption, Gateway Email Encryption, Hybrid Email encryption, and Client Plugins), By Application (BFSI, Government, Healthcare, IT & Telecom, Media & Entertainment, and Others (Retail, Defense)) By Region, Competition 2018-2028 has evaluated the future growth potential of Global Email Security  Market and provides statistics and information on market structure, size, share, and future growth. The report is intended to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities present in the Global Email Security  Market.

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