According to the latest market research study by Technavio, the global e-mail encryption market is expected to grow at a CAGR of close to 12% during the forecast period 2017 to 2021.
This report by Technavio provides an in-depth analysis of the global e-mail encryption market in terms of revenue and emerging market trends. The report also includes an up-to-date analysis and forecasts for various market segments and all geographical regions.
Technavio research analysts categorize the market based on the end-user
Source: Technavio
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The top three revenue contributing end-user segments are discussed below
BFSI: With an increase in the use of mobile banking, Technavio expects the adoption of e-mail encryption solutions to increase by 2021.
“Awareness among organizations for securing e-mails is increasing, as organizations in the BFSI sector are the prime targets for fraudulent activities. Thus, the increased adoption of e-mail encryption solutions is positively affecting the market revenue and its growth rate,” says Ishmeet Kaur, a lead analyst at Technavio for research on IT security.
Healthcare: The upsurge in the transmission of volumes of patient information across the network in the form of e-mails, has made it crucial for organizations to encrypt e-mails and ensure their security. The rising use of wireless networks for data transmission is also instigating healthcare organizations to invest in e-mail encryption solutions to protect data from cyber-attacks.
Government: Growing number of corporate accounts and the need for organizations to comply with strict regulations has increased the demand for e-mail encryption solutions in this sector. The demand is from organizations to primarily safeguard their confidential data. Moreover, with an increase in the number of fraudulent activities, the governments of several countries are increasing their IT security budget, which is positively affecting the revenue growth of the market.
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The top vendors operating in the global e-mail encryption market are:
- Cisco Systems
- Proofpoint
- Symantec
- Trend Micro
- Zix
The other prominent vendors in the market include Cryptzone, DataMotion, Echoworx, Egress Software Technologies, Entrust, Greenview Data, HPE, McAfee, Microsoft, Sophos, Virtru, and WatchGuard Technologies.
A more detailed analysis is available in the Technavio report titled, ‘Global E-mail Encryption Market 2017-2021’. Technavio also customizes reports by other regions and specific segments upon request.
Other related reports
- Global Cloud E-mail Security Market 2016-2020
- Global SaaS-based IT Security Market 2016-2020
- Global Maritime Security Market 2016-2020
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