NEW
YORK, June 24, 2024 /PRNewswire/ -- The
global E-mail encryption market size is estimated to
grow by USD 16.03 billion from
2024-2028, according to Technavio. The market is estimated to grow
at a CAGR of over 32.4% during the forecast
period.
The email encryption market is thriving, driven by the surge in
cloud-based services and the consolidation of security solutions.
However, high costs remain a hurdle.
Research report provides comprehensive data on
impact of trend. For more details- Download a Sample
Report
Key Drivers:
- Cloud Adoption: Cloud-based encryption is gaining
traction due to its affordability and ease of use.
- Integrated Security: Bundled solutions combining email
encryption with data loss prevention (DLP) offer better
functionality and streamline management.
Market Leaders:
- McAfee
- Barracuda Networks
- Check Point
- Cisco
- Microsoft
Growth Factors:
- Cybersecurity Threats: Rising data breaches and phishing
attacks are making email encryption essential.
- Regulations: Data protection mandates are pushing
businesses to adopt encryption for secure communication.
- Remote Work: The need to secure email communication for
remote workforces is fueling market growth.
Market Challenges:
- Cost: The total cost of ownership, including
licensing, implementation, and maintenance, can be
significant.
- Complexity: Advanced encryption methods can be
cumbersome for users, hindering adoption.
- Compatibility: Ensuring compatibility across
different email platforms and devices is an ongoing challenge.
- Phishing Attacks: Encryption needs to stay ahead of
evolving phishing tactics.
Future Outlook:
The email encryption market is expected to maintain its growth
trajectory as the demand for secure communication remains
paramount. Cloud-based solutions and integrated security packages
will be key drivers in this market. However, addressing cost
concerns and simplifying encryption for users will be crucial for
wider adoption.
About Technavio
Technavio is a leading global technology research and advisory
company. Their research and analysis focuses on emerging market
trends and provides actionable insights to help businesses identify
market opportunities and develop effective strategies to optimize
their market positions.
With over 500 specialized analysts, Technavio's report library
consists of more than 17,000 reports and counting, covering 800
technologies, spanning across 50 countries. Their client base
consists of enterprises of all sizes, including more than 100
Fortune 500 companies. This growing client base relies on
Technavio's comprehensive coverage, extensive research, and
actionable market insights to identify opportunities in existing
and potential markets and assess their competitive positions within
changing market scenarios.
Contacts
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
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SOURCE Technavio