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Global Email Security Market to reach USD 9.17 billion by the end of 2029.

Global Email Security Market Size study & Forecast, by Component (Products, Services) By Deployment Type (Cloud, On-Premises) By Industry Vertical (BFSI, Healthcare, Government, IT & Telecom) and Regional Analysis, 2022-2029

Product Code: ICTNS-89106913
Publish Date: 5-05-2023
Page: 200

Global Email Security Market is valued approximately at USD 3.50 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 12.8% over the forecast period 2022-2029. Email security refers to the measures and practices employed to protect the confidentiality, integrity and availability of email communications. They are a common mode of communication for individuals and organizations and they often contain sensitive and confidential information. The Email Security market is expanding because of factors such as increasing rate of cyber threats and growing inclination towards cloud-based secure email gateway.

Email security is crucial to organizations and individuals because it protects against unauthorized access, data breaches, malware, phishing attacks, and other cyber threats. Its importance has progressively increased during the last few decades. According to the Statista, in 2022, around four in ten global internet users have ever experienced cybercrime. For instance, in 2023 The popular Ethereum wallet MetaMask recently faced a cybersecurity breach in which the email addresses of some of its customers who submitted a customer service ticket were exposed. Unauthorized persons gained access to a third-party computer system that handled customer service requests. This allowed them to potentially read MetaMask users’ customer support tickets. Furthermore, in 2022, when it comes to end use industry manufacturing had the highest share of cyber-attacks among the leading industries worldwide. During the examined year, cyber-attacks in manufacturing companies accounted for nearly 25% of the total cyber-attacks. Finance and insurance followed with around 19%. Professional, business, and consumer services ranked third with a share of 14.6%. Another important component driving space is rising inclination toward cloud-based secure email gateway. As per Statista, in 2020, the cloud-based email security market was valued at approximately USD 763 million. It is expected to reach around USD 1.25 billion by 2026. Cloud email security solutions refer to secure email platforms used to protect users from phishing scams. These platforms are hosted by the cloud email security vendor and prevent emails containing malicious content from reaching the end user, next to blocking malware. In addition, In the year 2022, the number of data breaches in the United States was 1802. Meanwhile, over 422 million people were affected by data intrusions in the same year, including breaches information, leakage, and disclosure. Also, rising government security compliance and surge in risk of potential credential theft would create a lucrative growth prospect for the market over the forecast period. However, lack of awareness related to email encryption stifles market growth throughout the forecast period of 2022-2029.

The key regions considered for the Global Email Security Market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America dominates the market in terms of revenue, owing to the presence of key market players and rising technological advancement in email security solutions. According to Statista, in 2021, approximately 92% of the United States digital population aged 15 and above used emails as a form of online communication. Furthermore, Asia Pacific is expected to grow with a highest CAGR during the forecast period, owing to factors such as growing number of small and medium level enterprises in nations like India and China in the market space.

Major market player included in this report are:

Cisco Systems, Inc (United States)
Gen Digital Inc (United States)
McAfee Corp (United States)
Microsoft Corporation (United States)
Dell, Inc (United States)
SAP SE (Germany)
BAE Systems plc (United Kingdom)
WatchGuard Technologies, Inc. (United States)
Sophos Group plc (United Kingdom)
Fortra, LLC (United States)

Recent Developments in the Market:
Ø In March 2023, Microsoft Releases Security Copilot driven by OpenAI. The new tool for cybersecurity professionals employs generative AI from the most recent version of OpenAI’s large language model, GPT-4, as well as a Microsoft security-specific model.

Global Email Security Market Report Scope:
Historical Data 2019-2020-2021
Base Year for Estimation 2021
Forecast period 2022-2029
Report Coverage Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered Component, Deployment Type , Industry Vertical, Region
Regional Scope North America; Europe; Asia Pacific; Latin America; Rest of the World
Customization Scope Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Component
Products
Services

By Deployment Type
Cloud
On-Premises

By Industry Vertical
BFSI
Healthcare
Government
IT & Telecom

By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
RoLA
Rest of the World

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2019-2029 (USD Billion)
1.2.1. Email Security Market, by region, 2019-2029 (USD Billion)
1.2.2. Email Security Market, by Component, 2019-2029 (USD Billion)
1.2.3. Email Security Market, by Deployment Type, 2019-2029 (USD Billion)
1.2.4. Email Security Market, by Industry Vertical, 2019-2029 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Email Security Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Email Security Market Dynamics
3.1. Email Security Market Impact Analysis (2019-2029)
3.1.1. Market Drivers
3.1.1.1. Increasing rate of cyber threats
3.1.1.2. Growing inclination towards cloud-based secure email gateway
3.1.2. Market Challenges
3.1.2.1. Lack of awareness related to email encryption.
3.1.3. Market Opportunities
3.1.3.1. Rising government security compliance
3.1.3.2. Surge in risk of potential credential theft
Chapter 4. Global Email Security Market: Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.2. Futuristic Approach to Porter’s 5 Force Model (2019-2029)
4.3. PEST Analysis
4.3.1. Political
4.3.2. Economic
4.3.3. Social
4.3.4. Technological
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. Industry Experts Prospective
4.7. Analyst Recommendation & Conclusion
Chapter 5. Risk Assessment: COVID-19 Impact
5.1. Assessment of the overall impact of COVID-19 on the industry
5.2. Pre COVID-19 and post COVID-19 Market scenario
Chapter 6. Global Email Security Market, by Component
6.1. Market Snapshot
6.2. Global Email Security Market by Component, Performance – Potential Analysis
6.3. Global Email Security Market Estimates & Forecasts by Component 2019-2029 (USD Billion)
6.4. Email Security Market, Sub Segment Analysis
6.4.1. Products
6.4.2. Services
Chapter 7. Global Email Security Market, by Deployment Type
7.1. Market Snapshot
7.2. Global Email Security Market by Deployment Type, Performance – Potential Analysis
7.3. Global Email Security Market Estimates & Forecasts by Deployment Type 2019-2029 (USD Billion)
7.4. Email Security Market, Sub Segment Analysis
7.4.1. Cloud
7.4.2. On-Premises
Chapter 8. Global Email Security Market, by Industry Vertical
8.1. Market Snapshot
8.2. Global Email Security Market by Industry Vertical, Performance – Potential Analysis
8.3. Global Email Security Market Estimates & Forecasts by Industry Vertical 2019-2029 (USD Billion)
8.4. Email Security Market, Sub Segment Analysis
8.4.1. BFSI
8.4.2. Healthcare
8.4.3. Government
8.4.4. IT & Telecom
Chapter 9. Global Email Security Market, Regional Analysis
9.1. Email Security Market, Regional Market Snapshot
9.2. North America Email Security Market
9.2.1. U.S. Email Security Market
9.2.1.1. Component breakdown estimates & forecasts, 2019-2029
9.2.1.2. Deployment Type breakdown estimates & forecasts, 2019-2029
9.2.1.3. Industry Vertical breakdown estimates & forecasts, 2019-2029
9.2.2. Canada Email Security Market
9.3. Europe Email Security Market Snapshot
9.3.1. U.K. Email Security Market
9.3.2. Germany Email Security Market
9.3.3. France Email Security Market
9.3.4. Spain Email Security Market
9.3.5. Italy Email Security Market
9.3.6. Rest of Europe Email Security Market
9.4. Asia-Pacific Email Security Market Snapshot
9.4.1. China Email Security Market
9.4.2. India Email Security Market
9.4.3. Japan Email Security Market
9.4.4. Australia Email Security Market
9.4.5. South Korea Email Security Market
9.4.6. Rest of Asia Pacific Email Security Market
9.5. Latin America Email Security Market Snapshot
9.5.1. Brazil Email Security Market
9.5.2. Mexico Email Security Market
9.5.3. Rest of Latin America Email Security Market
9.6. Rest of The World Email Security Market

Chapter 10. Competitive Intelligence
10.1. Top Market Strategies
10.2. Company Profiles
10.2.1. Cisco Systems, Inc
10.2.1.1. Key Information
10.2.1.2. Overview
10.2.1.3. Financial (Subject to Data Availability)
10.2.1.4. Product Summary
10.2.1.5. Recent Developments
10.2.2. Gen Digital Inc
10.2.3. McAfee Corp
10.2.4. Microsoft Corporation
10.2.5. Dell, Inc
10.2.6. SAP SE
10.2.7. BAE Systems plc
10.2.8. WatchGuard Technologies, Inc.
10.2.9. Sophos Group plc
10.2.10. Fortra, LLC

Chapter 11. Research Process
11.1. Research Process
11.1.1. Data Mining
11.1.2. Analysis
11.1.3. Market Estimation
11.1.4. Validation
11.1.5. Publishing
11.2. Research Attributes
11.3. Research Assumption

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Data Collection:
To determine the appropriate methods of data collection based on the research objectives, we consider both primary and secondary sources. Primary data collection involves gathering information directly from various industry experts in core and related fields, original equipment manufacturers (OEMs), vendors, suppliers, technology developers, alliances, and organizations. These sources encompass all segments of the value chain within the specific industry. Through in-depth interviews, we engage with key industry participants, subject-matter experts, C-level executives of major market players, industry consultants, and other relevant experts. This allows us to obtain and validate critical qualitative and quantitative information while evaluating market prospects. AI and Big Data are instrumental in our primary research, providing us with powerful tools to collect, analyze, and derive insights from data efficiently. These technologies contribute to the advancement of research methodologies, enabling us to make data-driven decisions and uncover valuable findings.
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Our team of experts carefully examine the gathered data using suitable statistical techniques and qualitative analysis methods. For quantitative analysis, we employ descriptive statistics, regression analysis, and other advanced statistical methods, depending on the characteristics of the data. This analysis may also incorporate the utilization of AI tools and big data analysis techniques to extract meaningful insights.
To ensure the accuracy and reliability of our findings, we extensively leverage data science techniques, which help us minimize discrepancies and uncertainties in our analysis. We employ Data Science to clean and preprocess the data, ensuring its quality and reliability. This involves handling missing data, removing outliers, standardizing variables, and transforming data into suitable formats for analysis. The application of data science techniques enhances our accuracy, efficiency, and depth of analysis, enabling us to stay competitive in dynamic market environments.
Market Size Estimation:
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To estimate and validate the market size, we employ both top-down and bottom-up approaches. The preference is given to a bottom-up approach, where key regional markets are analyzed as separate entities. This data is then integrated to obtain global estimates. This approach is crucial as it provides a deep understanding of the industry and helps minimize errors.
In our forecasting process, we consider various parameters such as economic tools, technological analysis, industry experience, and domain expertise. By taking all these factors into account, we strive to produce accurate and reliable market forecasts. When forecasting, we take into consideration several parameters, which include:
Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
Anticipated opportunities for growth and development
Technological advancements and projected developments in the market
Consumer spending trends and dynamics
Shifts in consumer preferences and behaviors.
The current state of raw materials and trends in supply versus pricing
Regulatory landscape and expected changes or developments.
The existing capacity in the market and any expected additions or expansions up to the end of the forecast period.
To assess the market impact of these parameters, we assign weights to each one and utilize weighted average analysis. This process allows us to quantify their influence on the market and derive an expected growth rate for the forecasted period. By considering these various factors and applying a weighted analysis approach, we strive to provide accurate and reliable market forecasts.
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