Email Security Market size is set to grow by USD 5.16 billion from 2024-2028, Increase in employee mobility boost the market, Technavio

NEW YORK, July 17, 2024 /PRNewswire/ -- The global email security market size is estimated to grow by USD 5.16 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of 13.64% during the forecast period. Increase in employee mobility is driving market growth, with a trend towards adoption of cloud-based solutions. However, availability of open-source solutions poses a challenge. Key market players include Barracuda Networks Inc., Check Point Software Technologies Ltd., Cisco Systems Inc., cryptzone.no AS, Dell Technologies Inc., Egress Software Technologies Ltd., Entrust Corp., Fortinet Inc., McAfee LLC, Microsoft Corp., Mimecast Ltd., Musarubra US LLC, OpenText Corp., Proofpoint Inc., Proton AG, SAP SE, Sophos Ltd., Trend Micro Inc., Trustifi LLC, and WatchGuard Technologies Inc..

Get a detailed analysis on regions, market segments, customer landscape, and companies- View the snapshot of this report

Market Driver

Major industries such as financial institutions, healthcare, and government organizations are increasingly adopting cloud-based email security solutions due to their centralized, searchable data repositories. These solutions enable employees to access emails from any location and time zone, reducing costs and simplifying data management. Enterprises face challenges in handling growing data volumes, including potential data loss. Cloud-based email security addresses these issues with on-demand scalability and zero additional costs. Additionally, cloud solutions ensure data availability and security, making them an essential investment for businesses. Therefore, the global email security market will experience significant growth as more enterprises adopt these solutions. 

Email security is a critical aspect of IT security for businesses as mails remain a primary vector for viruses, cyber threats, and account hacking. With the technological growth and BYOD adoption, email security solutions have become essential for organizations of all sizes, from small businesses to large enterprises. Email security providers offer various solutions to secure email accounts and networks from attacks, including integration with security infrastructures, endpoint protection, and cloud-based email security. Functional issues, such as phishing attacks, fraud protection, and social spam, are significant concerns for IT professionals. Traditional ways of email security are no longer sufficient, and organizations must invest in advanced email security solutions to protect their workforce from cyber threats. The size of the organization and industry vertical also impact the severity of email security threats. Email security solutions come in various forms, including on-premise and cloud-based options. Deployment and support & maintenance are essential considerations when choosing an email security solution. Training and education for employees are also crucial to prevent human errors that can lead to email security breaches. Investments in email security solutions have become a priority for organizations, with cybersecurity becoming a critical component of productivity and workloads. Email security solutions offer value chain analysis, helping organizations identify and mitigate risks in their email environments. The cybersecurity landscape is constantly evolving, and organizations must stay updated on the latest threats and security standards to ensure their email security arrangements are effective. 

Discover 360° analysis of this market. For complete information, schedule your consultation - Book Here!

Market Challenges

• The email security market is experiencing a shift towards open-source solutions due to their affordability and accessibility. Small and medium-sized enterprises (SMEs) and individual users, who often have limited financial resources, find open-source email security solutions appealing. Open-source alternatives, such as MailScanner and Proxmox Mail Gateway, can be downloaded and used without any upfront costs. While the presence of these solutions may reduce the overall revenue in the global email security market, they offer an effective and cost-efficient option for businesses seeking to secure their email communications.
• Email security is a critical business issue, with functional challenges and various attacks threatening productivity and cybersecurity. Providers offer cloud-based solutions to mitigate risks, but organizations of all sizes face different severity levels. Large enterprises in industries like healthcare, telecom, retail, energy & utilities, manufacturing, government, and IT require robust email security arrangements. Traditional ways of securing emails are no longer sufficient against fraud protection, account hacking, social spam, and stealing credits. Value chain analysis reveals the need for deployment, support & maintenance, training & education, and solutions tailored to specific industries and workloads. Cybersecurity professionals emphasize the importance of adhering to security standards and investing in advanced email security solutions.

For more insights on driver and challenges - Request a sample report!

Segment Overview 

This email security market report extensively covers market segmentation by

1. Application 
• 1.1 On premise
• 1.2 Cloud based
2. Product 
• 2.1 Products
• 2.2 Services
3. Geography 
• 3.1 North America
• 3.2 APAC
• 3.3 Europe
• 3.4 South America
• 3.5 Middle East and Africa

1.1 On premise- Email security is a crucial aspect of any business's digital strategy. Effective email security solutions protect against phishing attacks, malware, and data breaches. They offer features like spam filtering, encryption, and multi-factor authentication. Implementing these solutions safeguards sensitive information, maintains compliance, and enhances overall email productivity. Businesses can choose from various email security providers based on their specific needs and budget.

For more information on market segmentation with geographical analysis including forecast (2024-2028) and historic data (2017-2021) - Download a Sample Report

Learn and explore more about Technavio's in-depth research reports

The global E-Mail Encryption Market is experiencing significant growth due to increasing concerns over data privacy and security. Major drivers include stringent regulations, rising cyber threats, and the need for secure communication. Key players are Symantec, Cisco, and Trend Micro. The global Email Hosting Services Market is expanding rapidly, driven by the growing adoption of cloud-based solutions and the need for efficient and secure email management. Leading companies like Google, Microsoft, and Rackspace dominate the market, offering robust, scalable, and reliable hosting services to businesses worldwide.

Research Analysis

Subject: Fortify Your Email Security: Protect Your Organization from Cyber Threats Body: Email remains a primary vector for cyber attacks, with viruses, phishing scams, and malware posing significant risks to organizations. The technological growth of email security solutions has been driven by the adoption of cloud services, BYOD policies, and the increasing severity of cyber threats. Network security and endpoint protection are essential components of email security, but integration with other IT security solutions is also crucial. Providers offer various products, including email filtering, encryption, and data loss prevention, to help organizations maintain security standards and productivity. Email security solutions protect your mails and accounts from attacks, ensuring the confidentiality, integrity, and availability of your information. Adopting these solutions is no longer an option but a necessity in today's digital landscape. Stay ahead of cyber threats and safeguard your workforce with robust email security.

Market Research Overview

Email security is a critical aspect of IT security for organizations of all sizes and industries, as the volume of business emails and the sophistication of cyber threats continue to grow. Emails remain a primary vector for viruses, malware, phishing attacks, account hacking, social spam, and other cyber threats. The adoption of email security solutions has become essential to safeguard valuable information and maintain productivity. Technological growth and the increasing trend of BYOD adoption have led to the integration of email security with network security, endpoint security, and cloud security. Functional issues, such as deployment size, organization size, and industry vertical, influence the choice of email security solutions. Email security solutions provide fraud protection against credit card stealing and account hacking, as well as support and maintenance, training, and education for workforces. The severity of attacks and the need for compliance with security standards necessitate investments in advanced email security arrangements. Traditional ways of securing emails are being replaced by modern solutions that offer real-time threat detection, advanced filtering, and user behavior analysis. Email security providers offer on-premise and cloud-based solutions to cater to the varying needs of large enterprises, healthcare, telecom, retail, energy & utilities, manufacturing, government, and other industries. Experts predict that the email security market will continue to grow, driven by the increasing number of workloads and the importance of cybersecurity in today's digital world.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

• Application
• On Premise
• Cloud Based
• Product
• Products
• Services
• Geography
• North America
• APAC
• Europe
• South America
• Middle East And Africa

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com/

SOURCE Technavio

WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM?

440k+
Newsrooms &
Influencers

9k+
Digital Media
Outlets

270k+
Journalists
Opted In

GET STARTED