According to study, “Global Email Encryption Market Size study, by Application (Disk Encryption, File/Folder Encryption, Web Communication Encryption, Database Encryption, Cloud Encryption, Others), by End-Use (Retail, IT and Telecom, Government & publication, Healthcare, Defense & Aerospace, Manufacturing, Education, BFSI), by Deployment Mode (On-Premises, Cloud Based) and Regional Forecasts 2018-2025”some of the major companies that are currently working in the global email encryption market are IBM Corporation, Gemalto, Thales e-security, Egress Software Technologies, Entrust Inc., Hewlett Packard, Dell Inc., Symantec, Symantec Corp., Galaxkey, Mimecast, Cryptozone, Intermedia, WatchGuard Technologies, Trend Micro, CISCO Systems Inc., Sophos Ltd., Virtru, Microsoft Corp., Micro Inc., McAfee Inc., BAE Systems, Echoworx, ProofPoint, Lux Scientiae (Lux Sci), Cipher Cloud, Zix Corp., PKWARE, DESLock+, Tutanota, Open-Xchange, SafeNet, Vormetric, ProtonMail.
E-mails signify one of the most popular or convenient medium of communication for businesses to cooperate for clients & employees. E-mails are vastly used for vulnerable to fraudulent activities and malware attacks. Email encryptions of business endeavors investing in large amounts from the web security providing the email encryption solutions. The E-mail encryption defends the content of an e-mail from the external or the peripheral interception. Thus, the intended recipient using encryption techniques are proficient to read such e-mails. The inclination against the use of individual devices for the office related work has boosted the use of wireless technologies which have expanded the possibilities of malware attacks. Rise in use of encryption has led endeavors by adopting the BYOD policies, which, in turn has influenced the driving adoption of email encryption solutions.
Based on type, global email encryption market is segmented into end-to-end email encryption, boundary email encryption, gateway email encryption, client plug-in and hybrid email encryption. Based on encryption algorithms, market is segmented into data encryption standard and triple data encryption standard, AES-256 bit encryption, advanced encryption standard, AES-128 bit encryption, RSA, XXTEA-128 bit encryption, two fish and blowfish. In addition, based on application, market is segmented as disk encryption, web communication encryption, file/folder encryption, database encryption, cloud encryption and others.
Some of the major associated regulatory implications are the advanced encryption standards, payment card industry data security standard, federal information processing standards, general data protection regulation, health insurance portability and accountability act and gramm-leach-bliley act.
The global email encryption market is driven by the mandate to comply with the data protection directives, followed by the rise in businesses associated with email includes scams & spear phishing, mounting the privacy regulations (HIPAA and PCI DSS), increase in demand over cloud-based services, and the growing concerns for security. Apart from the major profits, some of the major hindering factors include need of the key management or the verification solutions used for encrypting the keys and the high cost of email encryption solutions. Additionally, some of the new opportunities by use of multi-cloud services and need to shift from the conventional encryption tools to the advanced data security system.
Globally, the North American region accounted for the major market share of total generating revenue due to difference in standards privacy regulations in that region. Europe is also contributing to the high share in the global market. Furthermore, Asia-Pacific region is expected to project high growth rate over the calculated period 2018-2025 due to rise in use of IT penetration in BFSI, healthcare, manufacturing and government sector. It is expected that the global email encryption market to reach at US $ 27.90 billion, by 2025.
For more information on the research report, refer to below link:
Ankur Gupta, Head Marketing & Communications