The SEM's Email Encryption Market Is Estimated To Reach US$ 24.8 Billion By 2032

The global email encryption market is predicted to rise at a CAGR of 17% during 2022-2032. The email encryption market is estimated to reach US$ 24.8 Billion by 2032 from US$ 4.2 Billion in 2021.

Email encryption encrypts data with the use of an encryption key, allowing the information that must be conveyed via emails to be safeguarded. Sensitive information might be obtained by unidentified parties due to a rise in email usage for corporate and personal communication among persons. This has prompted organisations to implement email encryption software to protect their data from theft and loss.

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The market study done by Fact.MR gives exclusive information about how the market will grow. The study identifies crucial trends that are determining the growth of SEM's Email Encryption market. This newly published report sheds light on vital dynamics, such as the drivers, restraints, and opportunities for key market players as well as emerging players associated with the production and supply. The latest report by Fact.MR provides detailed Market Analysis of SEM's Email Encryption

This newly published and insightful report sheds light on Market Insights of SEM's Email Encryption, key dynamics, their impact on the overall value chain from suppliers to end-users and Growth of SEM's Email Encryption Market.

Competitive Landscape
The market for email encryption is moderately competitive, with a large number of global and regional companies. These firms control a sizable portion of the email encryption market and are concentrating their efforts on extending their customer base around the world.

The email encryption market vendors are also concentrating on R&D investments to launch new solutions, strategic collaborations, and other organic & inorganic growth strategies to gain a competitive advantage over the projection period.

Recent Developments in the Email Encryption Market

• Sophos Email Advanced Portal Encryption will be available to customers and partners as an add-on product to Sophos Email Advanced beginning in May 2021. Portal Encryption allows email senders to safely transmit encrypted communications to a web portal.
• Mimecast engaged established a strategic agreement with Netskope, a cloud security firm, in February 2021. Businesses will be able to safeguard cloud services and emails using enterprise-grade DLP solutions as a result of the strategic partnerships.
• MicrosoftTrend Micro will be a Microsoft Gold Certified Partner in January 2021. Trend Micro has a long history of providing Microsoft security solutions. Trend Micro Cloud App Security, for example, interacts directly with Microsoft Office 365 to safeguard incoming and internal Office 365 emails against sophisticated malware and other threats.
• Proofpoint Essentials Security Awareness will be available in August 2020. Through threat simulations, this system trains SMEs to recognise high-risk situations. This lessens the effect of phishing attacks and malware outbreaks.
• Micro Focus will release Voltage SmartCipher in January 2020. This service enables safe file encryption across collaboration platforms including email and cloud-hosted settings. With permanent unstructured file encryption, the solution improves privacy compliance.

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Key Segments
Based on Type:
• End-to-end email encryption
• Gateway email encryption
• Boundary email encryption
• Hybrid email encryption
• Client plugins

Based on Component:
• Solutions
• Services

Based on Deployment Mode:
• Cloud
• On-premises

Based on Organization Size:
• Large Enterprises
• SMEs

Based on the Vertical:
• BFSI
• Government and Defense
• IT and ITeS
• Telecommunication
• Energy and Utilities
• Manufacturing
• Retail and eCommerce
• Healthcare
• Other verticals (media and entertainment, education, and travel and transportation)

Based on the Region:
• North America
• Europe
• Asia Pacific
• Middle East and Africa
• Latin America

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What is the Segmentation Outlook for the Email Encryption Market?
In the email encryption market, the BFSI industry vertical is predicted to have the largest market share. Since it handles enormous amounts of sensitive and private financial data, BFSI is the most targeted industrial vertical. The email encryption market's vertical segment is looking for an email encryption solution that ensures irreversible encryption.

Furthermore, the BFSI industry vertical is the most regulated, as it must meet several security criteria. Due to the sensitive and confidential data that BFSI firms deal with, there are stringent data security regulations. This escalates the demand for email encryption and also surges sales of email encryption.

Email encryption solution providers are also working on cutting-edge technology-enabled solution development to reduce BFSI players' security risk, resulting in a surge of demand for email encryption.

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