Email Management Software Market Trends, Surging Demand, Detailed Analysis, And Forecast To 2033

The Business Research Company recently released a comprehensive report on the Global Email Management Software Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry.

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According to The Business Research Company's, The email management software market size has grown rapidly in recent years. It will grow from $4.14 billion in 2023 to $4.59 billion in 2024 at a compound annual growth rate (CAGR) of 10.9%. The growth in the historic period can be attributed to the increasing requirement for email security, the rise of cloud-based solutions, the growing demand for automation, private cloud adoption, and decreasing software costs.

The email management software market size is expected to see rapid growth in the next few years. It will grow to $6.97 billion in 2028 at a compound annual growth rate (CAGR) of 11.0%. The growth in the forecast period can be attributed to the growing demand for compliance, increasing use of smartphones and tablets, the rise of machine learning and data analytics, the competitive market environment, and the need for efficient customer service. Major trends in the forecast period include increased adoption of artificial intelligence, growing use of email management for customer service, the rise of cloud-based solutions, and increased focus on data security and integration with CRM tools.

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Market Drivers and Trends:

The growing adoption of cloud computing is expected to propel the growth of the email management software market going forward. Cloud computing refers to the delivery of computing services, including storage, processing power, and applications, over the Internet, offering on-demand access to resources without the need for local infrastructure. Cloud adoption is rising due to its unparalleled ability to enhance operational efficiency, scalability, and cost-effectiveness in a rapidly evolving digital landscape. Email management software enables organizations to efficiently organize, filter, and secure email communications, leveraging the scalability and accessibility of cloud-based infrastructure. For instance, in April 2023, according to survey data of 750 IT professionals and executive leaders published by Flexera, a US-based computer software company, 87% of organizations adopted a multi-cloud, of which 72% adopted a hybrid cloud, 13% adopted a multiple public cloud, and 2% adopted a multiple private cloud in 2022. Furthermore, the cloud spending by small and medium-sized businesses (SMBs) reflects a massive uptake, with 52% spending more than $1.2 million in 2022, up from 38% reported in 2021. Therefore, the growing adoption of cloud computing is driving the growth of the email management software market.

Major companies operating in the email management software market are focusing on developing advanced technology tools, such as generative pre-trained transformer (GPT)-powered artificial intelligence software, to gain a competitive advantage. GPT-powered artificial intelligence software refers to the integration of advanced language processing capabilities to enhance email management functionalities. For instance, in May 2023, Karbon, a US-based practice management software for accounting firms, launched Karbon AI, a new artificial intelligence tool powered by GPT technology.  Karbon AI prioritizes enhancing accountants' email efficiency and improving client experiences. Its functionalities encompass summarizing lengthy email exchanges and internal dialogues, modifying email tones, evaluating inbox email priorities, and generating email drafts prompted by and within workflow tasks. The tool maintains data privacy and security by being powered by the Microsoft Azure OpenAI Service.

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Major Key Players of the Market:

Amazon.com Inc., Google LLC, Microsoft Corporation, IBM Corporation, Cisco Systems Inc., Oracle Corporation, Salesforce.com Inc., GoDaddy Inc., Twilio Inc., Rackspace Technology Inc., NortonLifeLock Inc., HubSpot Inc., Proofpoint Inc., Zoho Corporation Pvt. Ltd., Mimecast Services Limited, Barracuda Networks Inc., The Rocket Science Group LLC, McAfee LLC, Endurance International Group Holdings Inc., Intermedia.net Inc., Sendinblue SAS, Zimbra, Mailgun Technologies Inc., AWeber Communications Inc., IceWarp Ltd., Proton Technologies AG, FastMail Pty Ltd.

Email Management Software Market 2024 Key Insights:

• The email management software market size is expected to see rapid growth in the next few years. It will grow to $6.97 billion in 2028 at a compound annual growth rate (CAGR) of 11.0%.
• Increasing Cloud Computing To Boosts Demand Of Email Management Software Market
• Advancement In Technology to Provide Enhanced Email Security Tools
• North America was the largest region in the email management software market in 2023

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