Email Encryption Market Size Trends and Forecast by Top Application, Types, and Geography 2028

Email Encryption Market by Offering (Solution and Services), Deployment (On-premises and cloud), Vertical (BFSI, healthcare, government, IT & ITeS, telecommunications, manufacturing, retail & eCommerce) and Region - Global Forecast to 2028.
The global email encryption market [https://www.marketsandmarkets.com/Market-Reports/email-encryption-market-182623205.html?utm_campaign=emailencryptionmarket&utm_source=abnewswire.com&utm_medium=paidpr] is anticipated to grow from USD 6.2 billion in 2023 to USD 16.3 billion by 2028, reflecting a robust CAGR of 21.3% during the forecast period.

This strong market momentum is driven by several critical factors, including the escalating frequency of email-based data breaches, stricter regulatory compliance requirements, and a notable increase in business email compromise (BEC) and spear phishing attacks. Additionally, ongoing advancements in encryption technologies continue to enhance the effectiveness and appeal of email security solutions.

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By vertical segment, the healthcare vertical will grow at the highest CAGR during the forecasted period.

The healthcare vertical is anticipated to have the highest CAGR in the Email Encryption market, primarily driven by stringent regulatory compliance demands worldwide, particularly concerning patient data protection. In many countries, such as the US, with the Health Insurance Portability and Accountability Act (HIPAA), healthcare institutions are mandated to safeguard patient health information, especially when transmitted via Email. Additionally, as cyber threats aimed at health data escalate, especially given its substantial value on the black market, healthcare institutions are progressively channeling resources into sophisticated encryption tools. They aim to bolster the security of Email communications, minimize the risk of data breaches, and sidestep significant regulatory penalties. This heightened concern for safety and regulatory imperatives propels the rapid growth in Email Encryption within the healthcare domain.

By deployment, the on-premises holds the largest market size during the forecast period.

The on-premises deployment mode is anticipated to dominate the Email Encryption market during the forecasted period primarily due to the enhanced control and customization it offers organizations. Direct oversight over their Encryption infrastructure allows entities to tailor solutions to specific needs and ensures seamless integration with existing systems. Furthermore, on-premises solutions address data sovereignty and compliance concerns by keeping data within an organization's infrastructure, which is especially pertinent for sectors with stringent data residency regulations. These factors propel the on-premises deployment mode in the Email Encryption market to have the largest market size.

By region, the Asia Pacific market is to grow at the highest CAGR during the forecast period.

The Asia Pacific region, encompassing well-established economies like China, Japan, Australia, and New Zealand and emerging players like India and Singapore, is poised for the most significant CAGR during the anticipated period. This is due to its rapid digital transformation, especially in countries like India, China, and Southeast Asian nations. This transformation amplifies the volume of online communications, necessitating advanced Email Encryption solutions. Additionally, the robust growth of emerging economies in this region has led to the expansion of IT infrastructure and increased business activities, all heightening the demand for Email Encryption. Coupled with this is a rising awareness and understanding of cybersecurity prompted by the region's escalating cyberattacks and data breaches.

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Unique Features in the Email Encryption Market

One of the defining features of the email encryption market is the widespread adoption of end-to-end encryption, ensuring that emails are encrypted from sender to recipient, leaving no room for interception or unauthorized access during transmission. This level of security is crucial for industries handling sensitive data such as finance, healthcare, and legal services.

Modern email encryption solutions offer seamless integration with popular email clients like Microsoft Outlook, Gmail, and Apple Mail. This enables organizations to implement encryption without disrupting user experience or altering existing workflows - a key differentiator in encouraging mass adoption.

Email encryption tools are increasingly being built to align with Zero Trust security models, verifying user identity and email integrity at every step. This compatibility ensures enhanced protection even in hybrid work environments where employees access emails across varied networks and devices.

Many email encryption platforms now come with built-in threat detection and AI-powered monitoring. These tools can identify suspicious behavior, detect phishing attempts, and flag anomalies in real time - providing an added layer of intelligent defense alongside encryption.

Major Highlights of the Email Encryption Market

A significant driver of market expansion is the sharp increase in email-based attacks, including phishing, ransomware, and Business Email Compromise (BEC) scams. As email remains a primary communication channel for businesses, protecting it has become a top priority for IT security teams worldwide.

Governments and regulatory bodies are enforcing stricter data protection laws such as GDPR, HIPAA, and CCPA. These regulations mandate secure communication practices, prompting organizations to invest in email encryption to avoid legal risks and heavy penalties.

The rise of remote work and cloud-first strategies has fueled the demand for cloud-based email encryption platforms. These solutions offer scalability, lower upfront costs, and flexibility - enabling businesses of all sizes to adopt enterprise-grade security without complex infrastructure.

Modern email encryption tools are no longer standalone solutions; they are increasingly integrated into broader cybersecurity ecosystems, including Secure Email Gateways (SEGs), DLP (Data Loss Prevention), and SIEM (Security Information and Event Management) platforms - providing a more holistic security posture.

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Top Companies in the Email Encryption Market

Fortinet (US), BAE Systems (UK), Mimecast (UK), Cisco (US), Proofpoint (US), Zoho (India), Broadcom (US), OpenText (Canada), Barracuda Networks (US), Thales (France), HPE (US), Entrust (US), Fortra (US), Sophos (UK), Trend Micro (Japan), Seclore (US), Egress Software (UK), Echoworx (Canada), LuxSci (US), Neocertified (US), SSH Communication (Finland), Retarus (Germany), Paubox (US), PreVeil (US), Sealit Technologies (UK), SendSafely (US), and Zivver (Netherlands) are the key players and other players in the Email Encryption market.

Fortinet (US):

Fortinet is a global frontrunner in cybersecurity, instrumental in steering the merger of networking and security. The company aims to secure people, devices, and data across various environments. It achieves this through a portfolio of over 50 enterprise-grade products that offer comprehensive cybersecurity solutions. As of Q2 2023, Fortinet's billings reached USD 1.541 billion, with 1,285 patents by June 2023.

The company's email encryption services employ cutting-edge cryptographic methods and recognized protocols like PGP, S/MIME, and TLS, catering to a broad global clientele. As of December 2022, the company used 12,595 individuals, serving 10,000+ customers across 180 countries. Fortinet is listed on the Nasdaq 100 and S&P 500. Furthermore, its prominence is also highlighted by its consistent ranking in Fortune Magazine's notable lists.

Mimecast (UK)

Mimecast is a prominent player in advanced email and collaboration security and offers protection against a spectrum of threats like cyberattacks, human errors, and tech vulnerabilities. The company serves over 40,000 customers in more than 100 countries, and its services prioritize proactive threat detection, brand protection, training, and data retention. Mimecast is a pioneer in SaaS-based email security and was recognized as a Market Leader for Email Security by Cyber Defense Magazine in 2022. In May 2022, Permira, a private equity firm, bought Mimecast in a deal worth USD 5.8 billion.

In a rapidly changing threat landscape, where email and collaboration tools are integral to businesses, Mimecast remains a beacon of protection, ensuring organizations operate securely and efficiently. The company has a global presence in North America, Europe, Middle East & Africa, and Asia Pacific, operating through 13 offices spanning North America, Europe, the United Kingdom, Africa, Australia, and Singapore, with a workforce exceeding 2,000 employees.

Apart from prominent vendors, other players include Egress Software, Echoworx, LuxSci, Neocertified, SSH Communication, Retarus, Paubox, PreVeil, Sealit Technologies, SendSafely, and Zivver, which are also evolving in the Email Encryption market.

Echoworx (Canada)

Echoworx is a prominent figure in email encryption, leading the charge in secure communication solutions. With a platform that offers a versatile range of encryption delivery methods, it supports 28 languages and nine authentication options, ensuring global, barrier-free, secure communications.

Echoworx's dedication to state-of-the-art cryptographic standards ensures top-notch encryption and data protection for sensitive emails. Its user-friendly design stands as testimony to its user-centric approach. Echoworx's standout feature is its commitment to effortless integration. Additionally, businesses effortlessly integrate Echoworx's advanced email encryption into their existing email systems without needing additional hardware, software, or extensive training. This ease of use and comprehensive offering make Echoworx a preferred choice in the email encryption market.

Neocertified (US)

Neocertified is a distinguished email encryption provider with a 20-year legacy serving large enterprises and smaller entities across the US. Additionally, by emphasizing user-friendly solutions, the company's offerings are aligned with HIPAA regulations, ideal for healthcare data. Moreover, with integrations for significant applications like Microsoft and Adobe, it promotes efficient encrypted communications. Furthermore, with a commitment to data security, regulation compliance, and a considerable user base, NeoCertified is a top choice for organizations prioritizing secure email communication.

Proofpoint (US):

This American enterprise cybersecurity company protects businesses from advanced cyber threats. Their cloud-based security solutions focus on email security, data loss prevention, and regulatory compliance. Proofpoint secures over half a million customers, including many Fortune 500 companies, through their human-centric approach that prioritizes protecting people, the most critical assets for any organization.

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