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Escalating Enterprise Email Threats Propel Surge In Demand For Email Encryption Solutions: Critical Driver Shaping the Global Email Encryption Market in 2025
Use code ONLINE20 to get 20% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.Email Encryption Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
The market size for email encryption has witnessed significant growth over the past few years. The market, which sat at $7.75 billion in 2024, is predicted to swell to $9.43 billion in 2025, displaying a compound annual growth rate (CAGR) of 21.7%. Factors contributing to this historical growth include concerns over data privacy, compliance regulations, a rise in cyber threats, the increased usage of mobile devices and the globalization of business.
Email Encryption Market Size Forecast: What's the Projected Valuation by 2029?
Anticipated to surge significantly in the coming years, the email encryption market is projected to hit $22.58 billion by 2029, with a compound annual growth rate (CAGR) of 24.4%. This extensive growth in the predicted period could be triggered by several factors including the development of sophisticated threats, security measures for remote work, quantum computing risks, and an improved user experience. The key trends observed in the forecast period encompass integration with collaborative tools, comprehensive encryption, cloud-oriented encryption solutions, protection from advanced threats, and user-centric encryption interfaces.
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What Are the Drivers Transforming the Email Encryption Market?
The email encryption market is anticipated to grow due to increasing occurrences of enterprise email threats. These threats involve email sc*ams wherein cybercriminals impersonate legitimate companies to gain unauthorized access to sensitive data. Email encryption employs advanced technology to provide businesses with comprehensive email encryption, safeguarding them from any email threats that might be attached. For example, Acronis, a Switzerland-based cybersecurity and data protection solutions firm, reported a 293% surge in email attacks during the first half of 2024 compared to the same timeframe in 2023. Consequently, the surge in enterprise email threats is fueling the expansion of the email encryption market.
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What Long-Term Trends Will Define the Future of the Email Encryption Market?
The progression from conventional email encryption methods towards more advanced email encryption practices is a prominent trend in the email encryption market. Advanced email security ensures the protection of data by encrypting the content of emails while they are being sent. Notable companies are introducing sophisticated technologies such as client-side encryption to boost the security of their emails. For example, in October 2023, the US tech company Google LLC rolled out client-side encryption in the mobile iteration of Gmail for business safety. This feature encrypts the data on the sender's device prior to reaching the recipient's device, which implies only the sender and recipient have the decryption keys. This factor also includes Google and enhances security overall.
Which Segments in the Email Encryption Market Offer the Most Profit Potential?
The email encryptionmarket covered in this report is segmented -
1) By Component: Solutions, Services
2) By Deployment Mode: Cloud, On-Premises
3) By Organization Size: Large Enterprises, Small And Medium Enterprises (SMEs)
4) By Vertical: BFSI, Government And Defense, IT And ITeS, Telecommunication, Energy And Utilities, Manufacturing, Retail And eCommerce, Healthcare, Other Verticals
Subsegments:
1) By Solutions: Email Encryption Software, Integrated Email Security Solutions
2) By Services: Managed Services, Consulting Services, Training And Support Services
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Which Firms Dominate the Email Encryption Market by Market Share and Revenue in 2025?
Major companies operating in the email encryption market include Cisco Systems Inc., BAE Systems plc, Thales Group, CipherMail B.V., Fortinet lnc., OpenText Corporation, Micro Focus International plc, Trend Micro Incorporated, Proofpoint Inc., Entrust Corporation, Fortra Technologies, Barracuda Networks lnc., Intermedia.Net Inc., Retarus GmbH, Proton AG, Proton Technologies AG, Mimecast Services limited, Zix Corporation, Sophos Ltd., Virtru Corporation, Hush Communications Canada Inc., Echoworx Corporation, Egress Software Technologies Ltd., NeoCertified, Paubox lnc., PreVeil lnc., Sealit LLC, Symantec Corporation, Microsoft Corporation
Which Regions Offer the Highest Growth Potential in the Email Encryption Market?
North America was the largest region in the email encryption market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the email encryption market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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