Escalating Enterprise Email Threats Propel Surge In Demand For Email Encryption Solutions: Strengthening the Growth Trajectory of the Email Encryption Market

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How Large Will the Email Encryption Market Size By 2025?
The market for email encryption has seen significant expansion in the past few years. The market is anticipated to rise from $7.75 billion in 2024 to $9.49 billion in 2025, displaying a compound annual growth rate (CAGR) of 22.4%. Factors such as concerns over data privacy, compliance rules, the uptick in cyber threats, proliferation of mobile devices, and business globalization have played significant roles in the market expansion during the historical period.

How Big Is the Email Encryption Market Size Expected to Grow by 2029?
The market size for email encryption is predicted to undergo rapid expansion in the coming years, expected to reach a valuation of $23.01 billion in 2029 with a compound annual growth rate (CAGR) of 24.8%. The anticipated growth within this forecasting period can be credited to the development of sophisticated threats, security for remote work, threats stemming from quantum computing and improved user experience. Key trends in the upcoming period include integration with collaboration tools, comprehensive encryption, encryption solutions based in the cloud, advanced threat protection, and encryption interfaces that are user-friendly.

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Which Key Market Drivers Powering Email Encryption Market Expansion and Growth?
The anticipated acceleration of the email encryption market is likely linked to the increasing prevalence of corporate email threats. Cybercriminals often pose as legitimate entities in these forms of email sc*ams to gain unauthorized access to confidential information. With the assistance of cutting-edge technology, email encryption provides comprehensive security to businesses, shielding them from potential email associated risks. To illustrate, Acronis, a Swiss company with a focus on cybersecurity and data protection solutions, reported a 293% surge in email attack cases in the first half of 2024 in comparison to the corresponding period in 2023. As such, the growing occurrence of corporate email risks is believed to be fueling the expansion of the email encryption market.

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Which Fast-Growing Trends Are Poised to Disrupt the Email Encryption Market?
The increasing adoption of advanced email encryption technologies over traditional ones is a notable trend in the email encryption market. These sophisticated security measures work by encrypting the content of an email while it's being transferred. Larger organizations are increasingly embracing emerging technologies like client-side encryption to boost their email safety. A case in point is Google LLC. This American tech company introduced client-side encryption in its mobile Gmail variant for corporate protection in October 2023. This functionality encodes data on the sender's device before it's transmitted to the receiver's device, entrusting decryption solely to the sender and recipient. This enhances security as even Google does not have access to the decryption keys.

What Are the Emerging Segments in the Email Encryption Market?
The email encryption market covered in this report is segmented -

1) By Component: Solutions, Services
2) By Deployment Mode: Cloud, On-Premises
3) By Organization Size: Large Enterprises, Small And Medium Enterprises (SMEs)
4) By Vertical: BFSI, Government And Defense, IT And ITeS, Telecommunication, Energy And Utilities, Manufacturing, Retail And eCommerce, Healthcare, Other Verticals

Subsegments:
1) By Solutions: Email Encryption Software, Integrated Email Security Solutions
2) By Services: Managed Services, Consulting Services, Training And Support Services

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Who Are the Global Leaders in the Email Encryption Market?
Major companies operating in the email encryption market include Cisco Systems Inc., BAE Systems plc, Thales Group, CipherMail B.V., Fortinet lnc., OpenText Corporation, Micro Focus International plc, Trend Micro Incorporated, Proofpoint Inc., Entrust Corporation, Fortra Technologies, Barracuda Networks lnc., Intermedia.Net Inc., Retarus GmbH, Proton AG, Proton Technologies AG, Mimecast Services limited, Zix Corporation, Sophos Ltd., Virtru Corporation, Hush Communications Canada Inc., Echoworx Corporation, Egress Software Technologies Ltd., NeoCertified, Paubox lnc., PreVeil lnc., Sealit LLC, Symantec Corporation, Microsoft Corporation

Which are the Top Profitable Regional Markets for the Email Encryption Industry?
North America was the largest region in the email encryption market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the email encryption market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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