Enjoy complimentary customisation on priority with our Enterprise License!
The email security market size is estimated to increase by USD 3.67 billion and grow at a CAGR of 11.25% between 2022 and 2027. The growth of the market depends on several factors, including the increase in employee mobility, the availability of converged security solutions, and stringent government regulations. Email security helps organizations protect their email accounts from complex cyber threats and hackers. This helps maintain the confidentiality and integrity of the emails by protecting sensitive data.
To learn more about this report, View Report Sample
The market share growth by the on-premise segment will be significant during the forecast period. On-premises solutions provide better security than cloud-based, as they protect internal PCs from online threats such as cyber criminals and hackers.
Get a glance at the market contribution of various segments View Free PDF Sample
The on-premise segment was valued at USD 2.13 billion in 2017 and continued to grow until 2021. In the BFSI sector, SMEs prefer on-premises solutions that focus more on security than cost efficiency. The on-premises segment is estimated to grow during the forecast period owing to factors such as a large variety of product offerings by different vendors. Moreover, vendors are providing advanced products to help enterprises mitigate cyber threats. These factors will drive the growth of the on-premises segment of the global market during the forecast period.
Based on the product, the products segments hold the largest market share. Large enterprises and government bodies favor on-premises solutions due to their enhanced security and confidentiality compared to services. The increasing implementation of stringent IT security regulations worldwide, particularly by government and law enforcement agencies, is fueling the global market's expansion.
Additionally, rising regulatory demands and the need for streamlined security hardware management are boosting the global demand for the appliances. However, the product segment of the global market is expected to experience a decreased year-over-year growth rate in the forecast period. Hardware products require ongoing updates and timely management to combat emerging email threats. Conversely, the software solution encompasses costs associated with obtaining solution licenses, system design, customization, implementation, training, and maintenance. These factors are poised to stimulate growth in the product segment of the global market in the forecast period.
For more insights on the market share of various regions Download PDF Sample now!
APAC is estimated to contribute 37% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
North America is another key region in the global market. The high adoption of solutions owing to the increase in the prevalence of insider fraud activities across organizations is driving the growth of the market in the region. The presence of various financial institutions and large companies in North America is also contributing to the growth of the market in the region. The number of SMEs and large enterprises in the region is increasing, with the presence of a large customer base. The US is the largest market in North America owing to factors such as rapid technological advances and the use of cloud-based systems.
The Market is witnessing significant growth driven by the escalating threats posed by cyber threats, viruses, and BYOD (Bring Your Own Device) adoption. With the proliferation of emails across organizations, ensuring robust email security has become imperative to mitigate risks to accounts and networks. Players in the market are leveraging technological growth to develop advanced software solutions that integrate seamlessly with existing IT security infrastructure. As organizations increasingly adopt BYOD policies, the demand for email security providers offering cloud-based solutions is on the rise, enhancing productivity while safeguarding against attacks. The severity of cybersecurity threats underscores the importance of adhering to international security standards, ensuring endpoint and network security to protect the workforce and organizational assets from potential breaches.
Stringent government regulations are notably driving the market growth. Organizations must follow regulatory requirements to protect and manage corporate information security. For instance, companies in the US have to adhere to the Sarbanes-Oxley (SOX) Act and the Health Insurance Portability and Accountability Act (HIPAA). Therefore, the use of email encryption solutions is increasing to comply with stringent government regulations.
Most regulations require enterprises to protect data through technologies such as encryption. Therefore, organizations in the BFSI, government, and healthcare sectors are implementing email encryption solutions to avoid data loss and maintain data confidentiality. They are adopting email encryption solutions to ensure regulatory compliance and gain a competitive advantage. Such factors will fuel the growth of the global market during the forecast period.
The adoption of cloud-based solutions is a key trend in the market. Financial, healthcare and government organizations are the main adopters of cloud-based solutions, as they require a centralized and searchable repository of historical data. Cloud-based solutions enable employees to access data from anywhere. Moreover, the cost of ownership of these solutions is low. Cloud-based solutions also help in managing the complexities associated with rising data volumes.
Enterprises face various issues, such as the loss of critical data, in managing the large volumes of data being generated. Cloud-based solutions ensure scalability on demand without any additional cost. They also ensure the availability of data without requiring employees to maintain the database. Therefore, the adoption of cloud-based email security solutions will drive the growth of the global market during the forecast period.
Intensifying price wars may challenge the global market growth during the forecast period. Price wars among vendors limit revenue flow in the market. These solutions are considered expensive in developing countries due to the limited number of vendors. However, in regions with many vendors, market fragmentation leads to price wars.
The continuous reduction in prices of the software solutions affects smaller market vendors. In addition, the reduction in prices impacts revenue in the global market. Moreover, concerns regarding security are associated with cost-effective solutions, which may negatively affect their rate of adoption among end-users. These factors will drive the growth of the global market growth during the forecast period.
The market report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Global Market Customer Landscape
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
Microsoft Corp.- The company offers Email security called Microsoft Defender for Office 365 for exchange office protection, phising email, and security compliance.
The research report also includes detailed analyses of the competitive landscape of the market and information about 15 market companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027.
The Market is witnessing substantial growth globally, driven by the increasing prevalence of mails and the ever-present threat of viruses. With the widespread adoption of BYOD (Bring Your Own Device) policies, organizations are increasingly prioritizing security infrastructures to safeguard their networks and endpoints. Integration of email security measures has become imperative for organizations to mitigate attacks and ensure the protection of sensitive information. However, functional issues and the severity of cyber threats pose challenges, necessitating proficient IT security professionals and investments in cybersecurity solutions. Providers offer a range of products and services, including fraud protection and account hacking prevention, addressing the diverse needs of organizations across industry verticals such as telecom, retail, and energy & utilities. Cloud-based secure email gateways play a vital role in securing email communications, offering support, maintenance, and training to both small and medium enterprises and large enterprises alike.
The Market is witnessing significant growth driven by the increasing focus on network security and the protection of endpoints within the Organization. With the rise of international email security concerns, technological advancements are crucial in addressing evolving threats such as social spam and stealing credits. The adoption of BYOD policies enhances productivity but necessitates robust security arrangements to safeguard sensitive data. As organizations of all sizes grapple with security standards and workloads, cloud-based secure email gateways emerge as a vital component in securing email communications. From small and medium enterprises to large enterprises across various industry verticals like manufacturing, the deployment of effective email security solutions is essential. Training and education provided by experts play a pivotal role in ensuring a proactive approach to email security within organizations.
Email Security Market Scope |
|
Report Coverage |
Details |
Page number |
161 |
Base year |
2022 |
Historic period |
2017-2021 |
Forecast period |
2023-2027 |
Growth momentum & CAGR |
Accelerate at a CAGR of 11.25% |
Market growth 2023-2027 |
USD 3.67 billion |
Market structure |
Fragmented |
YoY growth 2022-2023(%) |
10.75 |
Regional analysis |
North America, APAC, Europe, South America, and Middle East and Africa |
Performing market contribution |
APAC at 37% |
Key countries |
US, China, India, UK, and Germany |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
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, Open Text Corp., Proofpoint Inc., Proton AG, SAP SE, Sophos Ltd., Trend Micro Inc., Trustifi LLC, and WatchGuard Technologies Inc. |
Market dynamics |
Parent market analysis, Market forecasting, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this market research report to meet your requirements.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Application
7 Market Segmentation by Product
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
Get lifetime access to our
Technavio Insights
Cookie Policy
The Site uses cookies to record users' preferences in relation to the functionality of accessibility. We, our Affiliates, and our Vendors may store and access cookies on a device, and process personal data including unique identifiers sent by a device, to personalise content, tailor, and report on advertising and to analyse our traffic. By clicking “I’m fine with this”, you are allowing the use of these cookies. Please refer to the help guide of your browser for further information on cookies, including how to disable them. Review our Privacy & Cookie Notice.