TechNavio recognizes the following companies as the key players in the Global Email Encryption Market: Symantec Corp., McAfee Inc.,Zix Corp., Proofpoint Inc., and Cisco Systems Inc.
Commenting on the report, an analyst from TechNavio’s team said: “With increasing competition, companies are faced with the growing need to cut costs. Further, for smaller companies with limited budgets, it may not be feasible to adopt solutions that have a high initial implementation cost. Hence, as a part of their security measures coupled with cost savings, companies are increasingly going for cloud-based email encryption solutions. Further, cloud-based solutions are improving in technology and are now offering the same security features as on-premises solutions. Further, seeing the visible benefits of cloud-based solutions, most of the major providers are offering cloud-based SaaS email encryption solutions. ”
According to the report, one of the major drivers is the increase in regulatory policies. As data privacy is becoming a major concern, companies are mandated to comply with different regulations. With multiple regulations in place and with punitive penalties for non-compliance, companies are forced to implement effective email encryption solutions to secure their data. This will increase the need for email encryption solutions and thus, will support the growth of the Global Email Encryption market.
Further, the report states that one of the major challenges is the availability of open source solutions. With the growing popularity of email encryption solutions, many vendors are introducing open source solutions which are available at a lower cost. This is affecting the revenues generated by the leading providers of email encryption solutions and therefore, is affecting the overall market revenue. Therefore, the availability of open source solutions is posing as a serious challenge for the Global Email Encryption market.
The report also includes a discussion of the other vendors operating in this market. The other vendors in the market are Axway Tumbleweed, Entrust, and Voltage Security.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. For further information on this report, please visit https://www.technavio.com/content/global-email-encryption-market-2012-2016
TechNavio, the market research platform of Infiniti Research Ltd., publishes periodic market research reports on niche and emerging technologies. For more information on our market research, please visit https://www.technavio.com/it-hardware-software-services
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TechNavio Announces the Publication of its Research Report -Global Email Encryption Market 2012-2016
