Zion Market Research has published a new market research report analyzing the latest trends and developments in the global Email Encryption Market titled “Email Encryption Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2016–2024”.
Global Email Encryption Market: Overview
The use of email for sharing information among the employees and clients in the large- and small-scale companies is rising due to the advancement in technology. The emails that are sent to the clients and employees can be confidential hence needs to be protected from hackers, manipulations or thefts. The technological development has led to the development of email encryption a tool, which helps the organizations from malicious programmers. This process is known as cryptography, which is email encryption of the emails. The email, which is a plaintext, is converted to an encrypted text that is cipher text and the information can be lastly retrieved from this encrypted text. The increasing use of emails is one of the key factors that fuel the growth of the global email encryption market.
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Global Email Encryption Market: Growth Factors
The global email encryption market is expected to grow increasingly due to the innovative and modernized technological advancement. In today’s era, an escalating growth in the global market is majorly due to the adoption of the encryption techniques in small and large-scale companies in the various sectors. The programmers use email encryption techniques in order to secure their confidential and personal data from malicious programmers, which drive the global market. The global market is towering high due to the increasing communication among various organizations and companies. The other factors such as concern about internal theft of the confidential data, bring your own devices policies in organizations, various standards and privacy regulations such as PCI DSS and HIPAA, and rising demand for cloud-based services boosts the global email encryption market.
Global Email Encryption Market: Segmentation
The global email encryption market is categorized on the basis of end users, regions, and deployment types. The end users segment is further segmented into manufacturing, IT and Telecom, healthcare, BFSI, retail, education, government, and others. The deployment segment is bifurcated into the cloud and on-premises types. The regional segmentation includes Latin America, Asia Pacific, North America, Europe, and the Middle East and Africa. The BFSI and healthcare segment dominates the global email encryption market around the globe.
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Global Email Encryption Market: Regional Analysis
North American and European regions are expected to dominate the global email encryption market due to the various standards and privacy regulations such as HIPAA and PCI DSS followed in those regions. The global market is emerging in the regions such as Japan, Korea, Russia, China, and India due to the rising demand for advanced technological email encryption processes in those regions. The Asia Pacific region will witness a huge growth in the global market due to the escalating demand for low-cost cloud-based services for encryption in the region.
Global Email Encryption Market: Competitive Players
The major players in the global email encryption market include is Proofpoint, HP, Microsoft, McAfee, Symantec, Sophos, Entrust, TrendMicro, Hewlett-Packard, Zix Corporation, and Cisco. The other players in the global market include Galaxkey, DESLock+, Open-Xchange, Tutanota, SafeNet, ProtonMail, and Vormetric.
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