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Cloud-based Email Security Market to grow from a market value of USD 701.9 million to USD 1102.4 million by 2023| Top Vendors - Proofpoint Inc., Trend Micro Inc., Cisco Systems Inc., Fortinet Inc., Forcepoint LLC, Sophos Group PLC, Dell Technlogies Inc.,

01-23-2019 06:44 PM CET | IT, New Media & Software

Press release from: Market Prognosis

Market Analysis:

Asia-Pacific to register the Fastest Growth
According to the Asia-Pacific Economic Cooperation, SME’s are the engines of growth and innovation in the region, which account for over 97% of all enterprises and employ over half of the workforce across APAC economies. With the growing penetration level of Internet and the shift towards digitization of the internal processes have been a few instrumental factors in driving the adoption rate of cloud-based services.

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The rising penetration of cloud-based services in enterprises, coupled with the increasing number of cyber-attacks and the sophistication of malware, spam, and phishing attacks occurring across the globe, is expected to drive the adoption rate for cloud-based email security. Owing to the large customer base that the industry serves, the BFSI sector faces a number of data breach and cyber-attacks. The growing technological penetration, coupled with the digital channels, such as internet banking, mobile banking, becoming the preferable choice of customers for banking services, is making the industry more vulnerable to these cyber-attacks. However, the lack of skilled enterprise and awareness among consumers are expected to hinder the market growth.

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Market Segments:
Cloud-based Email Security Market is segmented by:
1. End-user Industry: BFSI, Government, IT & Telecommunications, Retail, Others
2. Geography: North America, South America, Europe, Asia Pacific, Middle East & Africa

Key Developments In The Market
• November 2017 - Forcepoint introduced over 40 new software and hardware features across its Forcepoint Cloud Access Security Broker (CASB), Data Loss Prevention (DLP), Next-Generation Firewall (NGFW) and User and Entity Behavior Analytics (UEBA) products.
• January 2018 - Barracuda Networks, Inc. acquired PhishLine, LLC. The PhishLine is a leading SaaS platform for social engineering simulation and training.

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About Market Prognosis
We at Market Prognosis believe in giving a crystal clear view of market dynamics for achieving success in today's complex and competitive marketplace through our quantitative & qualitative research methods.
We help our clients identify the best market insights and analysis required for their business thus enabling them to take strategic and intelligent decision.
We believe in delivering actionable insights for your business growth and success.

Contact us:
ProgMark Pvt Ltd,
Thane - 421501
India.
Contact No: +1 973 241 5193
Email: sales@marketprognosis.com

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