Email Encryption Market Future Trends and Forecast by Key Companies - HP, Proofpoint, McAfee, Microsoft, Sophos, Symantec, TrendMicro, Entrust, Zix Corporation, Hewlett-Packard, Cisco, Hewlett-Packard, Galaxkey, Tutanota, Open-Xchange, ProtonMail, and Vor

Global Email Encryption Market Overview:

The use of electronic mail to share information between employees and customers in large and small companies is increasing due to technological advances. Emails sent to customers and employees can be confidential and should be protected from hacking, manipulation or theft. The technological development has led to the development of an email encryption tool that helps organizations from malicious programs, known as cryptography. The electronic mail, which is plain text, becomes an encrypted text that is encoded and the information can be extracted from this encrypted text. The growing use of email is one of the key factors driving the growth of the global email encryption market.

Global Email Encryption Market Size:

According to Research Cosmos, The Global Email Encryption Market is expected to grow to USD 4.21 Billion in 2020, at a compound annual growth rate (CAGR) of 23.5% during the forecast period.

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Drivers and Restraints:

The global market is driven by the growing demand for cloud-based services, privacy regulations and growing security concerns. However, the high cost of encryption solutions and key management requirements are expected to hamper the growth of the email encryption market during the forecast period. The adoption of the cloud has grown exponentially, with companies that focus on adopting the cloud soon. In addition, new companies or small businesses are adopting more cloud-based services than larger companies. Data security is the key factor that hinders the adoption of public clouds and clouds among companies in the email encryption industry. In addition, because public clouds share resources among users and rely heavily on virtualization, they create additional security problems for data access. In addition, several organizations limit the adoption of the cloud due to data insecurity that the protection provided by the private data centers. Despite these concerns, the adoption of the cloud is growing at an accelerated pace due to the benefits of flexibility and cost savings over existing systems. It is expected that this increased adoption of the cloud will boost the demand for encryption by protecting messaging data. Encryption can allow organizations to obtain the benefits of the cloud while guaranteeing the privacy of the data. The increase of governmental and state regulations on privacy and data compliance requires that companies comply with these data security measures. To protect sensitive data from the increasing sophistication and complexity of cyber-attacks, companies are increasingly adopting encryption. Encryption provides a solution against data leaks resulting from hackers, malware, physical theft and more.

Geographical Insights:

The regions of North America and Europe are expected to dominate the global e-mail encryption market due to the diverse privacy standards and regulations such as HIPAA and PCI DSS that are followed in these regions. The global market is emerging in regions such as Japan, Korea, Russia, China and India, due to the growing demand for advanced technology encryption processes in these regions. The Asia-Pacific region will experience strong growth in the global market due to the growing demand for low-cost, cloud-based encryption services in the region.

Key Players:

HP, Proofpoint, McAfee, Microsoft, Sophos, Symantec, TrendMicro, Entrust, Zix Corporation, Hewlett-Packard, Cisco, Hewlett-Packard, DESLock+, Galaxkey, Tutanota, Open-Xchange, ProtonMail, SafeNet, and Vormetric are the major players of the Global Email Encryption Market.

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Scope of the report:

The report offers a comprehensive analysis of the industry by providing the estimations of market potential and forecasts with utmost granularity. Along this, the factors influential in effecting the market dynamics and trends are discussed in detail at the product level. Further, the performance of the market at the regional and country-level is assessed and the prospects with high growth potential are identified and debated.

The key players in the industry are profiled providing insights on their financial performance, market position and growth strategies. Comparative analysis on prime strategical activities of the market players delineating the key developments like mergers & acquisitions, collaborations and an evaluation of the competitive environment within the industry are provided. The report also offers a broad outlook of the market along with recommendations from industry experts on the opportunities for investment activity.

What else? Apart from the syndicated report, our in-house team has an expertise and experience in designing custom reports to meet your specific research needs and assist you in making well-informed decisions.

About Us:

Research Cosmos is a provider of standard and customized market research, business intelligence and consulting services across more than 100 domains in different industries of the world. We host the trending market reports of the world’s top-notch publishing companies, offering services to a wide range of customers from students to fortune 500 companies and discloses the hidden opportunities in every leading industry of the world.

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