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Global Email Encryption Market by Offering (Solution and Services), Deployment (On-premises and cloud), Vertical (BFSI, healthcare, government, IT & ITeS, telecommunications, manufacturing, retail & eCommerce) and Region - Forecast to 2028

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    Report

  • 288 Pages
  • October 2023
  • Region: Global
  • Markets and Markets
  • ID: 5310835
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Rise in Stringent Government Regulations and Data Privacy Compliance

The global Email Encryption market size is projected to grow from USD 6.2 billion in 2023 to USD 16.3 billion by 2028 at a CAGR of 21.3% during the forecast period. The market growth in Email Encryption is fueled by factors such as a surge in email data breaches, the escalating incidences of BEC fraud and spear-phishing incidents, stringent government regulations and heightened data protection standards, pressing organizations to bolster their cybersecurity postures, and the constant evolution and innovation in encryption techniques.

By offering, the services segment will grow at the highest CAGR during the forecast period

The services segment attained the highest CAGR in the Email Encryption market’s offering segmentation. The ascent of this segment can be attributed to the increasingly complex cyber threat landscape and the continuous evolution of encryption technologies. As organizations aim to protect sensitive data and maintain compliance with ever-changing regulations, they seek specialized services that offer encryption and consultation, implementation, and ongoing management. These services ensure that encryption solutions are effectively tailored to an organization’s unique needs, are up-to-date with the latest security standards, and operate optimally. Additionally, as cyber threats become more sophisticated, businesses recognize the value of dedicated services offering proactive threat monitoring, timely updates, and rapid incident response, further fueling the demand for specialized email encryption services.

By vertical, the BFSI segment will grow at the largest market size during the forecast period

The BFSI vertical has the largest market size in the Email Encryption market. The primary reason is the sensitivity and critical nature of the financial data these institutions handle. They regularly manage vast amounts of personal and transactional information, making them prime cyberattack targets. Regulatory pressures also play a significant role.

Financial institutions globally are bound by stringent regulations and compliance requirements to safeguard consumers’ financial data. Non-compliance can lead to hefty fines and reputational damage. Moreover, consumers expect their data to be handled with the utmost security in an era of digital banking and online transactions. To meet these expectations and regulatory mandates and protect against potential cyber threats, BFSI institutions heavily invest in advanced email encryption solutions, driving significant growth in this market segment.

North America is expected to account for the largest market size during the forecasted period

North America holds the distinction of accounting for the largest market size in the email encryption market for several reasons. First and foremost, the region is home to many global corporations, tech companies, and financial institutions, all managing vast amounts of sensitive data that necessitate top-tier encryption solutions. Additionally, the regulatory landscape in North America, particularly in the US, enforces stringent data protection and privacy standards, prompting businesses to adopt advanced encryption methods. The region also witnesses a high rate of cyber-attacks and data breaches, further driving the demand for robust email encryption solutions. Moreover, leading email encryption vendors, including Fortinet, Cisco, and Broadcom in North America, facilitate easy adoption and integration of the latest technologies. Further, coupled with a technologically advanced infrastructure and a culture emphasizing innovation, these factors collectively contribute to North America’s dominant position in the email encryption market.

Asia Pacific is anticipated to account for the highest CAGR during the forecasted period

The Asia Pacific region is poised to witness the highest CAGR in the email encryption market due to its rapid digital transformation and economic growth. Additionally, increased online transactions, digital communications, and rising cyberattacks underscore the need for secure encryption. Moreover, strengthening data protection regulations in the region further propels businesses to prioritize email encryption. Furthermore, the growing presence of multinationals and a thriving startup scene contribute to the region’s accelerated adoption of encryption technologies.

Breakdown of primaries

The study contains various industry experts’ insights, from suppliers/software developers to OEMs and Tier 1 vendors.

The break-up of the primaries is as follows:

  • By Company Type: Tier 1 - 35%, Tier 2 - 45%, and Tier 3 - 20%
  • By Designation: C-level - 40%, Managerial and Others -     60%
  • By Region: North America - 20%, Europe - 35%, Asia Pacific - 45%

The key vendors in the global Email Encryption market include Fortinet (US), BAE Systems (UK), Mimecast (UK), Cisco (US), Proofpoint (US), Zoho (India), Broadcom (US), OpenText (Canada), Barracuda Networks (US), Thales (France), HPE (US), Entrust (US), Fortra (US), Sophos (UK), Trend Micro (Japan), Seclore (US), Egress Software (UK), Echoworx (Canada), LuxSci (US), Neocertified (US), SSH Communication (Finland), Retarus (Germany), Paubox (US), PreVeil (US), Sealit Technologies (UK), SendSafely (US), and Zivver (Netherlands).

The study includes in-depth competitive intelligence covering company profiles, recent developments, and key market strategies.

Research Coverage

The report segments the Email Encryption market and forecasts its size by offerings (solution and services), deployment (on-premise and cloud), verticals (BFSI, healthcare, government, manufacturing, energy and utilities, IT and ITeS, telecommunications, retail & eCommerce, and other verticals), and region (North America, Europe, Asia Pacific, Middle East & Africa, and Latin America).

Key Benefits of Buying the Report

The report will help the market leaders/new entrants with information on the closest approximations of the revenue numbers for the Email Encryption market and the subsegments. The report will help stakeholders understand the competitive landscape and gain more insights to position their businesses better and plan suitable go-to-market strategies. The report also helps stakeholders understand the market pulse and provides information on key market drivers, restraints, challenges, and opportunities.

The report provides insights on the following pointers:

  • Analysis of key drivers (Surge in email data breaches, Increase in BEC frauds and spear-phishing incidents), restraints (Complex implementation and compatibility issues, Cost constraints associated with email encryption solutions), opportunities (Remote workforce security, Leveraging AI and ML-powered solutions), and challenges (Lack of seamless integration with operating systems, Interoperability issues, and infrastructure limitations).
  • Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product & service launches in the Email Encryption market.
  • Market Development: Comprehensive information about lucrative markets - the report analyses the Email Encryption market across varied regions.
  • Market Diversification: Exhaustive information about new products & services, untapped geographies, recent developments, and investments in the Email Encryption market.
  • Competitive Assessment: In-depth assessment of market shares, growth strategies, and service offerings of leading players like Fortinet (US), BAE Systems (UK), Mimecast (UK), Cisco (US), Proofpoint (US), Zoho (India), Broadcom (US), OpenText (Canada), Barracuda Networks (US), Thales (France), HPE (US), Entrust (US), Fortra (US), Sophos (UK), Trend Micro (Japan), Seclore (US), Egress Software (UK), Echoworx (Canada), LuxSci (US), Neocertified (US), SSH Communication (Finland), Retarus (Germany), Paubox (US), PreVeil (US), Sealit Technologies (UK), SendSafely (US), and Zivver (Netherlands), among others in the Email Encryption market strategies.

Table of Contents

1 Introduction
1.1 Study Objectives
1.2 Market Definition
1.2.1 Inclusions & Exclusions
1.3 Study Scope
1.3.1 Market Segmentation
1.3.2 Regions Covered
1.4 Years Considered
1.5 Currency Considered
Table 1 USD Exchange Rates, 2017-2021
1.6 Stakeholders
1.7 Summary of Changes

2 Research Methodology
2.1 Research Data
Figure 1 Research Design
2.1.1 Secondary Data
2.1.2 Primary Data
2.1.2.1 Breakup of Primaries
2.1.2.2 Key Industry Insights
2.2 Data Triangulation
Figure 2 Data Triangulation
2.3 Market Size Estimation
2.3.1 Top-Down Approach
Figure 3 Market Size Estimation - Approach 1 (Supply-Side): Revenue from Solutions and Services Offered by Email Encryption Vendors
Figure 4 Market Size Estimation: Approach 1 (Supply-Side) Analysis
Figure 5 Market Size Estimation: Research Flow
2.3.2 Bottom-Up Approach
Figure 6 Market Size Estimation - Approach 2, Bottom-Up (Demand-Side): Email Encryption Services
2.4 Market Forecast
Table 2 Factor Analysis
2.5 Company Evaluation Matrix for Key Players
Figure 7 Company Evaluation Matrix for Key Players: Criteria Weightage
2.6 Company Evaluation Matrix for Startups/Smes
Figure 8 Company Evaluation Matrix for Startups/Smes: Criteria Weightage
2.7 Research Assumptions
2.8 Limitations and Risk Assessment

3 Executive Summary
Figure 9 Email Encryption Market to Witness Significant Growth During Forecast Period
Figure 10 Market: Major Subsegments
Figure 11 Market: Regional Snapshot

4 Premium Insights
4.1 Attractive Opportunities for Players in Email Encryption Market
Figure 12 Surge in Data Breaches, Regulatory Stringency, and Encryption Advancements to Boost Market Growth
4.2 Market, by Offering
Figure 13 Solutions Segment to Account for Larger Market by 2028
4.3 Market, by Deployment Mode
Figure 14 On-Premises Segment to Account for Larger Market During Forecast Period
4.4 Market, by Vertical
Figure 15 Bfsi Segment to Account for Largest Market by 2028
4.5 Market, by Service
Figure 16 Professional Segment to Account for Larger Share in 2023
4.6 Market Investment Scenario
Figure 17 Asia-Pacific to Emerge as Best Market for Investments in Next Five Years

5 Market Overview and Industry Trends
5.1 Introduction
Figure 18 Email Encryption Market Process
5.2 Market: Evolution and Timeline
Figure 19 Market: Evolution and Timeline
5.2.1 Comprehensive Examination of Modern Email Encryption Protocols
5.2.1.1 Modern Email Encryption Protocols: Holistic Overview
Figure 20 Ssl Handshake Process
5.2.1.1.1 Ssl Handshake: Ensuring Secure Email Communication
5.3 Benefits of Email Encryption
5.4 Email Encryption Market Framework
Figure 21 Market Framework: Asymmetric Key Cryptography
5.5 Market Dynamics
Figure 22 Market: Drivers, Restraints, Opportunities, and Challenges
5.5.1 Drivers
5.5.1.1 Surge in Email Data Breaches
5.5.1.2 Increase in Bec Frauds and Spear-Phishing Incidents
5.5.1.3 Rise in Stringent Government Regulations and Data Privacy Compliance
5.5.1.4 Advancements in Encryption Technology
5.5.2 Restraints
5.5.2.1 Complex Implementation and Compatibility Issues
5.5.2.2 Cost Constraints Associated with Email Encryption Solutions
5.5.3 Opportunities
5.5.3.1 Rapid Adoption of Remote Work
5.5.3.2 Advancements in Ai and Ml-Powered Solutions
5.5.3.3 Proliferation of Mobile Devices
5.5.3.4 Migration of Email Infrastructure to Cloud-Based Platforms
5.5.4 Challenges
5.5.4.1 Lack of Seamless Integration with Operating Systems
5.5.4.2 Interoperability Issues and Infrastructure Limitations
5.6 Case Study Analysis
5.6.1 Global Bank Deployed Syscom's In-House Virtual Appliance to Strengthen Email Encryption
5.6.2 Northeastern Rural Health Clinics Deployed Trustifi's Platform to Establish User-Friendly Management Console
5.6.3 Zeva and Microsoft Collaborated and Introduced Decryptnabox to Overcome Challenges of Traditional Email Encryption
5.6.4 Origo Implemented Trend Micro's Email Encryption Solution to Establish Robust and Easy-To-Use Approach to Email Security
5.7 Value Chain Analysis
Figure 23 Value Chain Analysis
5.8 Ecosystem Analysis
Figure 24 Ecosystem Map
Table 3 Role of Players in Market Ecosystem
5.9 Porter's Five Forces Analysis
Figure 25 Porter's Five Forces Analysis
Table 4 Porter's Five Forces Model: Impact Analysis
5.9.1 Threat of New Entrants
5.9.2 Bargaining Power of Suppliers
5.9.3 Bargaining Power of Buyers
5.9.4 Threat of Substitutes
5.9.5 Intensity of Competitive Rivalry
5.10 Pricing Analysis
5.10.1 Average Selling Price Trend of Key Players, by Solution
Table 5 Pricing Analysis
5.11 Technology Analysis
5.11.1 Artificial Intelligence and Machine Learning
5.11.2 Zero Trust Security
5.11.3 Public Key Infrastructure
5.11.4 Cloud-Native Security
5.11.5 Digital Signatures
5.11.6 Blockchain Technology
5.11.7 Mailchain Technology
5.11.8 Quantum-Safe Cryptography
5.11.9 Emerging Trends and Innovations in Email Encryption Technology
5.12 Patent Analysis
Figure 26 Email Encryption Market: Patent Analysis
5.13 Trends and Disruptions Impacting Customers’ Businesses
Figure 27 Trends and Disruptions Impacting Customers’ Businesses
5.14 Market: Technology Roadmap
Table 6 Market: Technology Roadmap
5.15 Market: Business Model
5.16 Tariff and Regulatory Landscape
5.16.1 Payment Card Industry Data Security Standard (Pci-Dss)
5.16.2 General Data Protection Regulation (Gdpr)
5.16.3 Sarbanes-Oxley Act (Sox)
5.16.4 Canada's Anti-Spam Legislation (Casl)
5.16.5 Service Organization Control (Soc 2)
5.16.6 Health Insurance Portability and Accountability Act (Hipaa)
5.16.7 Can-Spam Act
5.16.8 Regulatory Bodies, Government Agencies, and Other Organizations
Table 7 List of Regulatory Bodies, Government Agencies, and Other Organizations
5.17 Key Stakeholders and Buying Criteria
5.17.1 Key Stakeholders in Buying Process
Figure 28 Influence of Stakeholders on Buying Process
Table 8 Influence of Stakeholders on Buying Process
5.18 Key Conferences & Events
Table 9 Key Conferences & Events, 2023-2024
5.19 Email Encryption Protocols
5.19.1 Pgp (Pretty Good Privacy)
5.19.2 S/Mime (Secure/Multipurpose Internet Mail Extensions)
5.19.3 Starttls
5.19.4 Dkim (Domainkeys Identified Mail)
5.19.5 Open Pgp
5.19.6 Aes-256

6 Email Encryption Market, by Type
6.1 Introduction
6.2 End-To-End Encryption
6.2.1 Advanced Security Needs and Rising Privacy Imperatives to Drive Market
6.3 Email Gateway Encryption
6.3.1 Need for Centralized Security and Virtualization to Boost Growth
6.4 Boundary Email Encryption
6.4.1 Focus on Seamless Integration and Minimized Maintenance to Propel Market Expansion
6.5 Hybrid Email Encryption
6.5.1 Need for Balancing Data Security and Accessibility to Boost Adoption of Hybrid Email Encryption Solutions
6.6 Client Plugins
6.6.1 Demand for Enhancing Email Security and Ensuring Regulatory Compliance to Boost Growth

7 Email Encryption Market, by Offering
7.1 Introduction
7.1.1 Offerings: Market Drivers
Figure 29 Solutions Segment to Account for Larger Market During Forecast Period
Table 10 Market, by Offering, 2017-2022 (USD Million)
Table 11 Market, by Offering, 2023-2028 (USD Million)
7.2 Solutions
7.2.1 Need for Players to Secure Sensitive Data and Presence of Eminent Email Encryption Solution Vendors to Drive Market
Table 12 Solutions: Market, by Region, 2017-2022 (USD Million)
Table 13 Solutions: Market, by Region, 2023-2028 (USD Million)
7.3 Services
Table 14 Services: Market, by Region, 2017-2022 (USD Million)
Table 15 Services: Market, by Region, 2023-2028 (USD Million)
Table 16 Market, by Service, 2017-2022 (USD Million)
Table 17 Market, by Service, 2023-2028 (USD Million)
7.3.1 Professional
7.3.1.1 Growing Emphasis on Expertise-Driven Implementation and Regulatory Compliance to Drive Market
7.3.2 Managed
7.3.2.1 Need for Round-The-Clock Protection and Swift Incident Response to Prove Lucrative for Market Growth

8 Email Encryption Market, by Deployment Mode
8.1 Introduction
8.1.1 Deployment Modes: Market Drivers
Figure 30 On-Premises Segment to Lead Market During Forecast Period
Table 18 Market, by Deployment Mode, 2017-2022 (USD Million)
Table 19 Market, by Deployment Mode, 2023-2028 (USD Million)
8.2 On-Premises
8.2.1 Increasing Cybersecurity Threats and Demand for Real-Time Protection to Drive Market
Table 20 On-Premises: Market, by Region, 2017-2022 (USD Million)
Table 21 On-Premises: Market, by Region, 2023-2028 (USD Million)
8.3 Cloud
8.3.1 Benefits of Cloud Deployment Mode to Surge Demand for Cloud-Based Email Encryption Solutions
Table 22 Cloud: Market, by Region, 2017-2022 (USD Million)
Table 23 Cloud: Market, by Region, 2023-2028 (USD Million)

9 Email Encryption Market, by Vertical
9.1 Introduction
9.1.1 Verticals: Market Drivers
Figure 31 Healthcare Segment to Achieve Highest Growth During Forecast Period
Table 24 Market, by Vertical, 2017-2022 (USD Million)
Table 25 Market, by Vertical, 2023-2028 (USD Million)
9.2 Bfsi
9.2.1 Increasing Emphasis on Data Security and Regulatory Compliance to Spur Growth
Table 26 Bfsi: Market, by Region, 2017-2022 (USD Million)
Table 27 Bfsi: Market, by Region, 2023-2028 (USD Million)
9.3 Government
9.3.1 Rising Need to Maintain Sensitivity in Dealing with Private Citizen Records to Propel Market
Table 28 Government: Email Encryption Market, by Region, 2017-2022 (USD Million)
Table 29 Government: Market, by Region, 2023-2028 (USD Million)
9.4 It & Ites
9.4.1 High Technological Advancements and Need for Enhanced Security to Boost Growth
Table 30 It & Ites: Market, by Region, 2017-2022 (USD Million)
Table 31 It & Ites: Market, by Region, 2023-2028 (USD Million)
9.5 Healthcare
9.5.1 Increasing Digitalization of Healthcare Sector to Encourage Use of Email Encryption for Enhanced Protection of Patient Data
Table 32 Healthcare: Market, by Region, 2017-2022 (USD Million)
Table 33 Healthcare: Market, by Region, 2023-2028 (USD Million)
9.6 Telecommunications
9.6.1 Increasing Email-Borne Attacks and Digital Transformation to Accelerate Demand for Email Encryption Solutions
Table 34 Telecommunications: Email Encryption Market, by Region, 2017-2022 (USD Million)
Table 35 Telecommunications: Market, by Region, 2023-2028 (USD Million)
9.7 Manufacturing
9.7.1 Adoption of Vast, Intricate Data Networks in Manufacturing Sector to Encourage Growth
Table 36 Manufacturing: Market, by Region, 2017-2022 (USD Million)
Table 37 Manufacturing: Market, by Region, 2023-2028 (USD Million)
9.8 Energy & Utilities
9.8.1 Growing Security Requirements in Energy & Utilities Sector to Drive Adoption of Email Encryption Solutions and Services
Table 38 Energy & Utilities: Market, by Region, 2017-2022 (USD Million)
Table 39 Energy & Utilities: Market, by Region, 2023-2028 (USD Million)
9.9 Retail & Ecommerce
9.9.1 Elevated Demand for Email Security Across Retail Channels to Encourage Growth
Table 40 Retail & Ecommerce: Market, by Region, 2017-2022 (USD Million)
Table 41 Retail & Ecommerce: Market, by Region, 2023-2028 (USD Million)
9.10 Other Verticals

10 Email Encryption Market, by Region
10.1 Introduction
Figure 32 Asia-Pacific to Grow at Highest CAGR by 2028
Table 42 Market, by Region, 2017-2022 (USD Million)
Table 43 Market, by Region, 2023-2028 (USD Million)
10.2 North America
10.2.1 North America: Market Drivers
10.2.2 North America: Recession Impact
10.2.3 North America: Regulatory Landscape
Figure 33 North America: Market Snapshot
Table 44 North America: Email Encryption Market, by Offering, 2017-2022 (USD Million)
Table 45 North America: Market, by Offering, 2023-2028 (USD Million)
Table 46 North America: Market, by Service, 2017-2022 (USD Million)
Table 47 North America: Market, by Service, 2023-2028 (USD Million)
Table 48 North America: Market, by Deployment Mode, 2017-2022 (USD Million)
Table 49 North America: Market, by Deployment Mode, 2023-2028 (USD Million)
Table 50 North America: Market, by Vertical, 2017-2022 (USD Million)
Table 51 North America: Market, by Vertical, 2023-2028 (USD Million)
Table 52 North America: Market, by Country, 2017-2022 (USD Million)
Table 53 North America: Market, by Country, 2023-2028 (USD Million)
10.2.4 US
10.2.4.1 Emerging Digital Trends and Rising Cybersecurity Incidents to Drive Demand for Email Encryption Services
Table 54 US: Email Encryption Market, by Offering, 2017-2022 (USD Million)
Table 55 US: Market, by Offering, 2023-2028 (USD Million)
Table 56 US: Market, by Deployment Mode, 2017-2022 (USD Million)
Table 57 US: Market, by Deployment Mode, 2023-2028 (USD Million)
Table 58 US: Market, by Vertical, 2017-2022 (USD Million)
Table 59 US: Market, by Vertical, 2023-2028 (USD Million)
10.2.5 Canada
10.2.5.1 Rising Governmental Initiatives to Counter Cyber Attacks to Boost Adoption of Email Encryption Services
Table 60 Canada: Market, by Offering, 2017-2022 (USD Million)
Table 61 Canada: Market, by Offering, 2023-2028 (USD Million)
Table 62 Canada: Market, by Deployment Mode, 2017-2022 (USD Million)
Table 63 Canada: Market, by Deployment Mode, 2023-2028 (USD Million)
Table 64 Canada: Market, by Vertical, 2017-2022 (USD Million)
Table 65 Canada: Market, by Vertical, 2023-2028 (USD Million)
10.3 Europe
10.3.1 Europe: Market Drivers
10.3.2 Europe: Recession Impact
10.3.3 Europe: Regulatory Landscape
Table 66 Europe: Email Encryption Market, by Offering, 2017-2022 (USD Million)
Table 67 Europe: Market, by Offering, 2023-2028 (USD Million)
Table 68 Europe: Market, by Service, 2017-2022 (USD Million)
Table 69 Europe: Market, by Service, 2023-2028 (USD Million)
Table 70 Europe: Market, by Deployment Mode, 2017-2022 (USD Million)
Table 71 Europe: Market, by Deployment Mode, 2023-2028 (USD Million)
Table 72 Europe: Market, by Vertical, 2017-2022 (USD Million)
Table 73 Europe: Market, by Vertical, 2023-2028 (USD Million)
Table 74 Europe: Market, by Country, 2017-2022 (USD Million)
Table 75 Europe: Market, by Country, 2023-2028 (USD Million)
10.3.4 UK
10.3.4.1 Technological Evolution and Growing Need to Challenge Cybercrime to Propel Market Expansion
Table 76 UK: Email Encryption Market, by Offering, 2017-2022 (USD Million)
Table 77 UK: Market, by Offering, 2023-2028 (USD Million)
Table 78 UK: Market, by Deployment Mode, 2017-2022 (USD Million)
Table 79 UK: Market, by Deployment Mode, 2023-2028 (USD Million)
Table 80 UK: Market, by Vertical, 2017-2022 (USD Million)
Table 81 UK: Market, by Vertical, 2023-2028 (USD Million)
10.3.5 Germany
10.3.5.1 Rising Trend Toward Machine Learning and Artificial Intelligence to Drive Adoption of Email Encryption Services
Table 82 Germany: Market, by Offering, 2017-2022 (USD Million)
Table 83 Germany: Market, by Offering, 2023-2028 (USD Million)
Table 84 Germany: Market, by Deployment Mode, 2017-2022 (USD Million)
Table 85 Germany: Market, by Deployment Mode, 2023-2028 (USD Million)
Table 86 Germany: Market, by Vertical, 2017-2022 (USD Million)
Table 87 Germany: Market, by Vertical, 2023-2028 (USD Million)
10.3.6 France
10.3.6.1 Focus on Establishing Secure and Confidential Communication Channels to Boost Growth
Table 88 France: Email Encryption Market, by Offering, 2017-2022 (USD Million)
Table 89 France: Market, by Offering, 2023-2028 (USD Million)
Table 90 France: Market, by Deployment Mode, 2017-2022 (USD Million)
Table 91 France: Market, by Deployment Mode, 2023-2028 (USD Million)
Table 92 France: Market, by Vertical, 2017-2022 (USD Million)
Table 93 France: Market, by Vertical, 2023-2028 (USD Million)
10.3.7 Rest of Europe
Table 94 Rest of Europe: Market, by Offering, 2017-2022 (USD Million)
Table 95 Rest of Europe: Market, by Offering, 2023-2028 (USD Million)
Table 96 Rest of Europe: Market, by Deployment Mode, 2017-2022 (USD Million)
Table 97 Rest of Europe: Market, by Deployment Mode, 2023-2028 (USD Million)
Table 98 Rest of Europe: Market, by Vertical, 2017-2022 (USD Million)
Table 99 Rest of Europe: Market, by Vertical, 2023-2028 (USD Million)
10.4 Asia-Pacific
10.4.1 Asia-Pacific: Market Drivers
10.4.2 Asia-Pacific: Recession Impact
10.4.3 Asia-Pacific: Regulatory Landscape
Figure 34 Asia-Pacific: Email Encryption Market Snapshot
Table 100 Asia-Pacific: Market, by Offering, 2017-2022 (USD Million)
Table 101 Asia-Pacific: Market, by Offering, 2023-2028 (USD Million)
Table 102 Asia-Pacific: Market, by Service, 2017-2022 (USD Million)
Table 103 Asia-Pacific: Market, by Service, 2023-2028 (USD Million)
Table 104 Asia-Pacific: Market, by Deployment Mode, 2017-2022 (USD Million)
Table 105 Asia-Pacific: Market, by Deployment Mode, 2023-2028 (USD Million)
Table 106 Asia-Pacific: Market, by Vertical, 2017-2022 (USD Million)
Table 107 Asia-Pacific: Market, by Vertical, 2023-2028 (USD Million)
Table 108 Asia-Pacific: Market, by Country, 2017-2022 (USD Million)
Table 109 Asia-Pacific: Market, by Country, 2023-2028 (USD Million)
10.4.4 China
10.4.4.1 Growing Emphasis on Securing Digital Communications to Encourage Market Growth
Table 110 China: Email Encryption Market, by Offering, 2017-2022 (USD Million)
Table 111 China: Market, by Offering, 2023-2028 (USD Million)
Table 112 China: Market, by Deployment Mode, 2017-2022 (USD Million)
Table 113 China: Market, by Deployment Mode, 2023-2028 (USD Million)
Table 114 China: Market, by Vertical, 2017-2022 (USD Million)
Table 115 China: Market, by Vertical, 2023-2028 (USD Million)
10.4.5 Japan
10.4.5.1 Demand for Robust Email Security Alongside Adoption of Cutting-Edge Solutions to Boost Growth
Table 116 Japan: Market, by Offering, 2017-2022 (USD Million)
Table 117 Japan: Market, by Offering, 2023-2028 (USD Million)
Table 118 Japan: Market, by Deployment Mode, 2017-2022 (USD Million)
Table 119 Japan: Market, by Deployment Mode, 2023-2028 (USD Million)
Table 120 Japan: Market, by Vertical, 2017-2022 (USD Million)
Table 121 Japan: Market, by Vertical, 2023-2028 (USD Million)
10.4.6 India
10.4.6.1 Rapid Surge of It Ecosystem and Robust Digital Transformation to Propel Market Expansion
Table 122 India: Email Encryption Market, by Offering, 2017-2022 (USD Million)
Table 123 India: Market, by Offering, 2023-2028 (USD Million)
Table 124 India: Market, by Deployment Mode, 2017-2022 (USD Million)
Table 125 India: Market, by Deployment Mode, 2023-2028 (USD Million)
Table 126 India: Market, by Vertical, 2017-2022 (USD Million)
Table 127 India: Market, by Vertical, 2023-2028 (USD Million)
10.4.7 Singapore
10.4.7.1 Digital Evolution and Increasing Government Initiatives to Support Popularity of Email Encryption Services
Table 128 Singapore: Market, by Offering, 2017-2022 (USD Million)
Table 129 Singapore: Market, by Offering, 2023-2028 (USD Million)
Table 130 Singapore: Market, by Deployment Mode, 2017-2022 (USD Million)
Table 131 Singapore: Market, by Deployment Mode, 2023-2028 (USD Million)
Table 132 Singapore: Market, by Vertical, 2017-2022 (USD Million)
Table 133 Singapore: Market, by Vertical, 2023-2028 (USD Million)
10.4.8 Australia & New Zealand
10.4.8.1 Rising Digital Challenges to Propel Adoption of Advanced Email Encryption Solutions and Services
Table 134 Australia & New Zealand: Email Encryption Market, by Offering, 2017-2022 (USD Million)
Table 135 Australia & New Zealand: Market, by Offering, 2023-2028 (USD Million)
Table 136 Australia & New Zealand: Market, by Deployment Mode, 2017-2022 (USD Million)
Table 137 Australia & New Zealand: Market, by Deployment Mode, 2023-2028 (USD Million)
Table 138 Australia & New Zealand: Market, by Vertical, 2017-2022 (USD Million)
Table 139 Australia & New Zealand: Market, by Vertical, 2023-2028 (USD Million)
10.4.9 Rest of Asia-Pacific
Table 140 Rest of Asia-Pacific: Market, by Offering, 2017-2022 (USD Million)
Table 141 Rest of Asia-Pacific: Market, by Offering, 2023-2028 (USD Million)
Table 142 Rest of Asia-Pacific: Market, by Deployment Mode, 2017-2022 (USD Million)
Table 143 Rest of Asia-Pacific: Market, by Deployment Mode, 2023-2028 (USD Million)
Table 144 Rest of Asia-Pacific: Market, by Vertical, 2017-2022 (USD Million)
Table 145 Rest of Asia-Pacific: Market, by Vertical, 2023-2028 (USD Million)
10.5 Middle East & Africa
10.5.1 Middle East & Africa: Market Drivers
10.5.2 Middle East & Africa: Recession Impact
10.5.3 Middle East & Africa: Regulatory Landscape
Table 146 Middle East & Africa: Email Encryption Market, by Offering, 2017-2022 (USD Million)
Table 147 Middle East & Africa: Market, by Offering, 2023-2028 (USD Million)
Table 148 Middle East & Africa: Market, by Service, 2017-2022 (USD Million)
Table 149 Middle East & Africa: Market, by Service, 2023-2028 (USD Million)
Table 150 Middle East & Africa: Market, by Deployment Mode, 2017-2022 (USD Million)
Table 151 Middle East & Africa: Market, by Deployment Mode, 2023-2028 (USD Million)
Table 152 Middle East & Africa: Market, by Vertical, 2017-2022 (USD Million)
Table 153 Middle East & Africa: Market, by Vertical, 2023-2028 (USD Million)
Table 154 Middle East & Africa: Market, by Country, 2017-2022 (USD Million)
Table 155 Middle East & Africa: Market, by Country, 2023-2028 (USD Million)
10.5.4 Middle East
10.5.4.1 Rising Research and Development Activities to Encourage Adoption of Email Encryption Solutions and Services
Table 156 Middle East: Email Encryption Market, by Offering, 2017-2022 (USD Million)
Table 157 Middle East: Market, by Offering, 2023-2028 (USD Million)
Table 158 Middle East: Market, by Deployment Mode, 2017-2022 (USD Million)
Table 159 Middle East: Market, by Deployment Mode, 2023-2028 (USD Million)
Table 160 Middle East: Market, by Vertical, 2017-2022 (USD Million)
Table 161 Middle East: Market, by Vertical, 2023-2028 (USD Million)
10.5.5 Africa
10.5.5.1 Increasing Instances of Email Phishing and Scams to Drive Demand for Email Encryption Solutions
Table 162 Africa: Market, by Offering, 2017-2022 (USD Million)
Table 163 Africa: Market, by Offering, 2023-2028 (USD Million)
Table 164 Africa: Market, by Deployment Mode, 2017-2022 (USD Million)
Table 165 Africa: Market, by Deployment Mode, 2023-2028 (USD Million)
Table 166 Africa: Market, by Vertical, 2017-2022 (USD Million)
Table 167 Africa: Market, by Vertical, 2023-2028 (USD Million)
10.6 Latin America
10.6.1 Latin America: Market Drivers
10.6.2 Latin America: Recession Impact
10.6.3 Latin America: Regulatory Landscape
Table 168 Latin America: Email Encryption Market, by Offering, 2017-2022 (USD Million)
Table 169 Latin America: Market, by Offering, 2023-2028 (USD Million)
Table 170 Latin America: Market, by Service, 2017-2022 (USD Million)
Table 171 Latin America: Market, by Service, 2023-2028 (USD Million)
Table 172 Latin America: Market, by Deployment Mode, 2017-2022 (USD Million)
Table 173 Latin America: Market, by Deployment Mode, 2023-2028 (USD Million)
Table 174 Latin America: Market, by Vertical, 2017-2022 (USD Million)
Table 175 Latin America: Market, by Vertical, 2023-2028 (USD Million)
Table 176 Latin America: Market, by Country, 2017-2022 (USD Million)
Table 177 Latin America: Market, by Country, 2023-2028 (USD Million)
10.6.4 Brazil
10.6.4.1 Increasing Digital Penetration and Popularity of Social Media to Surge Adoption of Email Encryption Solutions
Table 178 Brazil: Email Encryption Market, by Offering, 2017-2022 (USD Million)
Table 179 Brazil: Market, by Offering, 2023-2028 (USD Million)
Table 180 Brazil: Market, by Deployment Mode, 2017-2022 (USD Million)
Table 181 Brazil: Market, by Deployment Mode, 2023-2028 (USD Million)
Table 182 Brazil: Market, by Vertical, 2017-2022 (USD Million)
Table 183 Brazil: Market, by Vertical, 2023-2028 (USD Million)
10.6.5 Mexico
10.6.5.1 Rapid Expansion of Infrastructure Across Verticals to Push Need for Advancements in Email Service
Table 184 Mexico: Market, by Offering, 2017-2022 (USD Million)
Table 185 Mexico: Market, by Offering, 2023-2028 (USD Million)
Table 186 Mexico: Market, by Deployment Mode, 2017-2022 (USD Million)
Table 187 Mexico: Market, by Deployment Mode, 2023-2028 (USD Million)
Table 188 Mexico: Market, by Vertical, 2017-2022 (USD Million)
Table 189 Mexico: Market, by Vertical, 2023-2028 (USD Million)
10.6.6 Rest of Latin America
Table 190 Rest of Latin America: Email Encryption Market, by Offering, 2017-2022 (USD Million)
Table 191 Rest of Latin America: Market, by Offering, 2023-2028 (USD Million)
Table 192 Rest of Latin America: Market, by Deployment Mode, 2017-2022 (USD Million)
Table 193 Rest of Latin America: Market, by Deployment Mode, 2023-2028 (USD Million)
Table 194 Rest of Latin America: Market, by Vertical, 2017-2022 (USD Million)
Table 195 Rest of Latin America: Market, by Vertical, 2023-2028 (USD Million)

11 Competitive Landscape
11.1 Overview
11.2 Global Snapshot of Key Market Participants
Figure 35 Global Snapshot of Key Market Participants, 2022
11.3 Historical Revenue Analysis for Key Players
Figure 36 Historical Revenue Analysis for Key Players, 2017-2022 (USD Million)
11.4 Valuation and Financial Metrics of Key Email Encryption Vendors
Figure 37 Valuation and Financial Metrics of Key Email Encryption Vendors, 2022
11.5 Ranking of Key Players
Figure 38 Rankings of Key Players
11.6 Market Share Analysis
Figure 39 Market Share Analysis, 2022
Table 196 Email Encryption Market: Intensity of Competitive Rivalry
11.7 Company Evaluation Matrix
11.7.1 Stars
11.7.2 Emerging Leaders
11.7.3 Pervasive Players
11.7.4 Participants
Figure 40 Company Evaluation Matrix for Key Players, 2022
11.7.5 Company Footprint
Table 197 Company Footprint for Key Players, by Region
11.8 Startup/Sme Evaluation Matrix
11.8.1 Progressive Companies
11.8.2 Responsive Companies
11.8.3 Dynamic Companies
11.8.4 Starting Blocks
Figure 41 Company Evaluation Matrix for Startups/Smes, 2022
11.8.5 Competitive Benchmarking
Table 198 List of Startups/Smes and Funding
Table 199 Company Footprint for Startups/Smes, by Region
11.9 Competitive Scenario and Trends
11.9.1 Product Launches & Enhancements
Table 200 Market: Product Launches & Enhancements, 2021-2023
11.9.2 Deals
Table 201 Email Encryption Market: Deals, 2021-2023

12 Company Profiles
(Business Overview, Products/Solutions/Services Offered, Recent Developments & Analyst's View)*
12.1 Key Players
12.1.1 Fortinet
Table 202 Fortinet: Business Overview
Figure 42 Fortinet: Company Snapshot
Table 203 Fortinet: Products/Solutions/Services Offered
12.1.2 Bae Systems
Table 204 Bae Systems: Business Overview
Figure 43 Bae Systems: Company Snapshot
Table 205 Bae Systems: Products/Solutions/Services Offered
Table 206 Bae Systems: Deals
12.1.3 Mimecast
Table 207 Mimecast: Business Overview
Table 208 Mimecast: Products/Solutions/Services Offered
Table 209 Mimecast: Product Launches
Table 210 Mimecast: Deals
12.1.4 Cisco
Table 211 Cisco: Business Overview
Figure 44 Cisco: Company Snapshot
Table 212 Cisco: Products/Solutions/Services Offered
12.1.5 Proofpoint
Table 213 Proofpoint: Business Overview
Table 214 Proofpoint: Products/Solutions/Services Offered
Table 215 Proofpoint: Product Launches
Table 216 Proofpoint: Deals
12.1.6 Zoho
Table 217 Zoho: Business Overview
Table 218 Zoho: Products/Solutions/Services Offered
Table 219 Zoho: Product Launches
12.1.7 Broadcom
Table 220 Broadcom: Business Overview
Figure 45 Broadcom: Company Snapshot
Table 221 Broadcom: Products/Solutions/Services Offered
Table 222 Broadcom: Product Launches
Table 223 Broadcom: Deals
12.1.8 Opentext
Table 224 Opentext: Business Overview
Figure 46 Opentext: Company Snapshot
Table 225 Opentext: Products/Solutions/Services Offered
Table 226 Opentext: Product Launches
Table 227 Opentext: Deals
12.1.9 Barracuda Networks
Table 228 Barracuda Networks: Business Overview
Table 229 Barracuda Networks: Products/Solutions/Services Offered
Table 230 Barracuda Networks: Product Launches
Table 231 Barracuda Networks: Deals
12.1.10 Thales
Table 232 Thales: Business Overview
Figure 47 Thales: Company Snapshot
Table 233 Thales: Products/Solutions/Services Offered
Table 234 Thales: Product Launches
Table 235 Thales: Deals
12.1.11 Hpe
Table 236 Hpe: Business Overview
Figure 48 Hpe: Company Snapshot
Table 237 Hpe: Products/Solutions/Services Offered
Table 238 Hpe: Product Launches
Table 239 Hpe: Deals
12.1.12 Entrust
Table 240 Entrust: Business Overview
Table 241 Entrust: Products/Solutions/Services Offered
Table 242 Entrust: Product Launches
12.1.13 Fortra
Table 243 Fortra: Business Overview
Table 244 Fortra: Products/Solutions/Services Offered
Table 245 Fortra: Deals
12.1.14 Sophos
Table 246 Sophos: Business Overview
Table 247 Sophos: Products/Solutions/Services Offered
Table 248 Sophos: Product Launches
Table 249 Sophos: Deals
12.1.15 Trend Micro
Table 250 Trend Micro: Business Overview
Figure 49 Trend Micro: Company Snapshot
Table 251 Trend Micro: Products/Solutions/Services Offered
Table 252 Trend Micro: Product Launches
12.1.16 Seclore
Table 253 Seclore: Business Overview
Table 254 Seclore: Products/Solutions/Services Offered
Table 255 Seclore: Product Launches
Table 256 Seclore: Deals
*Details on Business Overview, Products/Solutions/Services Offered, Recent Developments & Analyst's View Might Not be Captured in Case of Unlisted Companies.
12.2 Other Players
12.2.1 Egress Software
12.2.2 Echoworx
12.2.3 Luxsci
12.2.4 Neocertified
12.2.5 Ssh Communication
12.2.6 Retarus
12.2.7 Paubox
12.2.8 Preveil
12.2.9 Sealit Technologies
12.2.10 Sendsafely
12.2.11 Zivver

13 Adjacent Markets
13.1 Introduction
Table 257 Adjacent Markets and Forecasts
13.2 Limitations
13.2.1 Certificate Authority Market
Table 258 Certificate Authority Market, by Component, 2016-2020 (USD Thousand)
Table 259 Certificate Authority Market, by Component, 2021-2026 (USD Thousand)
Table 260 Certificate Authority Market, by Certificate Type, 2016-2020 (USD Thousand)
Table 261 Certificate Authority Market, by Certificate Type, 2021-2026 (USD Thousand)
Table 262 Certificate Authority Market, by Service, 2016-2020 (USD Thousand)
Table 263 Certificate Authority Market, by Service, 2021-2026 (USD Thousand)
Table 264 Certificate Authority Market, by Organization Size, 2016-2020 (USD Thousand)
Table 265 Certificate Authority Market, by Organization Size, 2021-2026 (USD Thousand)
Table 266 Certificate Authority Market, by Vertical, 2016-2020 (USD Thousand)
Table 267 Certificate Authority Market, by Vertical, 2021-2026 (USD Thousand)
Table 268 Certificate Authority Market, by Region, 2016-2020 (USD Thousand)
Table 269 Certificate Authority Market, by Region, 2021-2026 (USD Thousand)
13.2.2 Business Email Compromise Market
Table 270 Business Email Compromise Market, by Offering, 2016-2021 (USD Million)
Table 271 Business Email Compromise Market, by Offering, 2022-2027 (USD Million)
Table 272 Business Email Compromise Market, by Deployment Mode, 2016-2021 (USD Million)
Table 273 Business Email Compromise Market, by Deployment Mode, 2022-2027 (USD Million)
Table 274 Business Email Compromise Market, by Organization Size, 2016-2021 (USD Million)
Table 275 Business Email Compromise Market, by Organization Size, 2022-2027 (USD Million)
Table 276 Business Email Compromise Market, by Vertical, 2016-2021 (USD Million)
Table 277 Business Email Compromise Market, by Vertical, 2022-2027 (USD Million)
Table 278 Business Email Compromise Market, by Region, 2016-2021 (USD Million)
Table 279 Business Email Compromise Market, by Region, 2022-2027 (USD Million)
13.2.3 Encryption Software Market
Table 280 Encryption Software Market, by Component, 2015-2020 (USD Million)
Table 281 Encryption Software Market, by Component, 2021-2026 (USD Million)
Table 282 Encryption Software Market, by Service, 2015-2020 (USD Million)
Table 283 Encryption Software Market, by Service, 2021-2026 (USD Million)
Table 284 Encryption Software Market, by Application, 2015-2020 (USD Million)
Table 285 Encryption Software Market, by Application, 2021-2026 (USD Million)
Table 286 Encryption Software Market, by Deployment Mode, 2015-2020 (USD Million)
Table 287 Encryption Software Market, by Deployment Mode, 2021-2026 (USD Million)
Table 288 Encryption Software Market, by Organization Size, 2015-2020 (USD Million)
Table 289 Encryption Software Market, by Organization Size, 2021-2026 (USD Million)
Table 290 Encryption Software Market, by Vertical, 2015-2020 (USD Million)
Table 291 Encryption Software Market, by Vertical, 2021-2026 (USD Million)

14 Appendix
14.1 Discussion Guide
14.2 Knowledgestore: The Subscription Portal
14.3 Customization Options

Executive Summary

Companies Mentioned

  • Bae Systems
  • Barracuda Networks
  • Broadcom
  • Cisco
  • Echoworx
  • Egress Software
  • Entrust
  • Fortinet
  • Fortra
  • Hpe
  • Luxsci
  • Mimecast
  • Neocertified
  • Opentext
  • Paubox
  • Preveil
  • Proofpoint
  • Retarus
  • Sealit Technologies
  • Seclore
  • Sendsafely
  • Sophos
  • Ssh Communication
  • Thales
  • Trend Micro
  • Zivver
  • Zoho

Methodology

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Table Information

Report AttributeDetails
No. of Pages288
PublishedOctober 2023
Forecast Period2023 - 2028
Estimated Market Value ( USD ) in 2023 $ 6.2 Billion
Forecasted Market Value ( USD ) by 2028 $ 16.3 Billion
Compound Annual Growth Rate21.3%
Regions CoveredGlobal
No. of Companies Mentioned27

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About the Market

Email encryption is a form of IT security that protects the content of emails from being read by unauthorized parties. It is used to protect sensitive information, such as financial data, personal information, and confidential business information. Email encryption works by scrambling the content of an email so that only the intended recipient can read it. The encryption process is usually done using a combination of public and private keys, which are generated by the sender and the recipient. Email encryption is an important part of an overall IT security strategy, as it helps to protect confidential information from being accessed by unauthorized parties. It also helps to ensure that emails are not intercepted or tampered with during transit. Companies in the email encryption market include Symantec, McAfee, Trend Micro, Microsoft, and Zix. Show Less Read more

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