Email Encryption Market Is Booming Worldwide | Micro Focus, Symantech, Cisco, Trend Micro, Sophos, Proofpoint, BAE Systems, Zix and Others.

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The Global Email Encryption Market size is expected to grow from US$ 2.3 Billion in 2018 to US$ 5.8 Billion by 2023, at a Compound Annual Growth Rate (CAGR) of 20.0% during the forecast period. This report focuses on the Email Encryption in global market, especially in North America, Europe and Asia-Pacific. This report categorizes the market based on manufacturers, regions, type and application.

“The SMEs segment to grow at a higher CAGR during the forecast period”
Based on organization size, the email encryption market has been segmented into SMEs and large enterprises. The SMEs segment is expected to grow at the highest CAGR in the email encryption market during the forecast period. The growing use of mobile devices in Small and Medium Enterprises (SMEs)for sending mails has influenced data transfer, over business networks, to personal devices, such as mobile phones and laptops.

“The BFSI industry vertical to hold a larger market size during the forecast period”
The BFSI industry vertical is expected to hold a larger market size in the email encryption market during the forecast period, due to the increasing instances of email taping, phishing, spear phishing, spams, and insider data thefts in this industry vertical. BFSI is the most targeted industry vertical as it deals with large volumes of sensitive and private data

“North America to account for the highest market share, where as Asia Pacific (APAC)to grow at the highest CAGR”
North America is projected to hold the highest share of the email encryption market from 2018 to 2023, owing to the early adoption of the email encryption solution in the region across various industry verticals, specifically in the BFSI and healthcare industry verticals.

The Asia Pacific (APAC) market is expected to grow at the highest CAGR during the forecast period. APAC is expected to witness a notable adoption of the technology as enterprises and SMEs across various industry verticals are now adopting email encryption solutions in order to secure business-critical email information from misuse by computer hackers for monetary gains and sophisticated cyber-attacks.The developed APAC countries such as China, ANZ, and India have implemented email encryption solutions to fulfill compliance requirements and data security needs of businesses.

Report Highlights:
• To forecast the market size of the segments with respect to regions, such as North America, Europe, APAC, MEA, and Latin America

• To define, segment, and project the global market size for email encryption market

• To define, describe, and forecast the market by component (solution and service), deployment mode, organization size, industry vertical, and region

• To provide detailed information about the major factors (drivers, restraints, opportunities, and challenges) influencing the growth of the market

• To analyze the micromarkets with respect to the individual growth trends, prospects, and contributions to the overall market

• To analyze market opportunities for stakeholders by identifying the high-growth segments of the market

• To profile the key players in the email encryption market and comprehensively analyze their market size and core competencies

• To track and analyze competitive developments such as new product launches, mergers and acquisitions, and partnerships, agreements, and collaborations in the global market

Top Companies in the Email Encryption Market include are Micro Focus (UK), Symantech (US), Cisco (US), Trend Micro (Japan), Sophos (UK), Proofpoint (US), BAE Systems (UK), Zix (US), Entrust Datacard (US), Mimecast (UK), Egress Software (UK), Intemedia (US), Virtru (US), Echoworx (Canada), Lux Sci (US), and Cryptzone (US).

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Reason to buy this report:
The report will help the market leaders/new entrants in the email encryption market with information on the closest approximations of the revenue numbers for the overall email encryption market and the sub segments. This report will help stakeholders understand the competitive landscape and gain more insights to better position their businesses and to plan suitable go-to-market strategies.

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