GITNUX MARKETDATA REPORT 2024

Email Encryption Industry Statistics

The Email Encryption Industry is expected to grow steadily over the next few years due to increasing concerns about data security and regulatory compliance.

Highlights: Email Encryption Industry Statistics

  • The global email encryption market was worth USD 3.4 billion in 2019.
  • The email encryption market is projected to reach USD 9.9 billion by 2025.
  • North America held the largest market share in the email encryption industry in 2019.
  • The IT and Telecom industry is expected to witness the highest adoption of Email Encryption solutions.
  • Asia Pacific is expected to grow at the highest CAGR in the email encryption market during the forecast period.
  • Symantec (US), Proofpoint (US), and Trend Micro (Japan) are among the major vendors in the global email encryption market.
  • 44% of businesses now use email encryption for sensitive data.
  • Approximately 57% of organizations include partners and customers in their email encryption policies.
  • 93% of IT professionals believe email privacy and encryption is necessary to their company’s cybersecurity posture.
  • 87% of senior managers upload business files to a personal email or cloud account.
  • The global email encryption market is growing at a CAGR of 22.4%.
  • Approximately 8% of organizations continue to rely solely on user-driven, manual encryption.
  • 64% of SMBs believe their organization will be the target of an email-borne attack in the next year.
  • The BFSI sector is estimated to witness fastest growth within the email encryption market.
  • Portable security devices are likely to witness the highest growth in the email encryption market segment.
  • Cloud-based email encryption is the leading segment in terms of deployment model.
  • The large enterprises segment is expected to hold the largest market share in the email encryption market during the forecast period.
  • The market for End-to-End encryption is expected to grow at the highest rate from 2019 to 2025.
  • The email encryption market in Europe is forecasted to grow from USD 805.1 million in 2019 to USD 1.8 billion by 2025.
  • Healthcare is predicted to be the most lucrative end-use industry for the email encryption market.

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The Latest Email Encryption Industry Statistics Explained

The global email encryption market was worth USD 3.4 billion in 2019.

The statistic states that the global email encryption market generated revenues amounting to USD 3.4 billion in the year 2019. This figure represents the total value of products and services related to email encryption, such as software solutions, encryption protocols, and consulting services, that were purchased by individuals and organizations around the world during that year. The market size indicates the significant demand for email encryption technologies to protect sensitive information transmitted via email against unauthorized access, ensuring data security and privacy for users. The growth of this market reflects the increasing recognition among businesses and consumers of the importance of safeguarding their email communications from potential cyber threats and data breaches.

The email encryption market is projected to reach USD 9.9 billion by 2025.

The statistic that the email encryption market is projected to reach USD 9.9 billion by 2025 indicates that there is expected to be significant growth and investment in the email encryption industry over the next few years. This projection suggests that organizations and individuals are increasingly recognizing the importance of securing their email communications to protect sensitive information from cyber threats and data breaches. As a result, there is anticipated to be a substantial increase in the adoption of email encryption solutions, leading to a considerable market value by 2025.

North America held the largest market share in the email encryption industry in 2019.

The statistic that North America held the largest market share in the email encryption industry in 2019 indicates that a significant portion of the global market for email encryption solutions was dominated by companies operating in North America during that year. This suggests that businesses and organizations in North America were more likely to invest in email encryption technology compared to other regions around the world. The leading market share in North America could be attributed to various factors such as the awareness of cybersecurity threats, regulatory requirements surrounding data protection, and the presence of technologically advanced companies offering encryption solutions in the region. This statistic highlights North America’s prominence in shaping the email encryption industry landscape during 2019.

The IT and Telecom industry is expected to witness the highest adoption of Email Encryption solutions.

The statistic stating that the IT and Telecom industry is expected to witness the highest adoption of Email Encryption solutions suggests that companies within this industry are likely to prioritize securing their email communications by implementing encryption technology. This adoption trend could indicate a recognition of the sensitive nature of data exchanged in the IT and Telecom sector and a proactive approach towards enhancing data protection measures. By investing in Email Encryption solutions, these organizations aim to mitigate the risks associated with potential data breaches and safeguard confidential information from unauthorized access, ultimately demonstrating a commitment to cybersecurity best practices within the industry.

Asia Pacific is expected to grow at the highest CAGR in the email encryption market during the forecast period.

The statistic suggests that the Asia Pacific region is likely to experience the highest Compound Annual Growth Rate (CAGR) in the email encryption market compared to other regions during the forecast period. This implies that the demand for email encryption solutions in the Asia Pacific region is projected to increase at a faster rate than in other regions, leading to a significant growth opportunity for businesses operating in the email encryption market in that region. Factors such as increasing awareness about data security, rising cyber threats, and stringent regulatory requirements are likely to drive the adoption of email encryption solutions in the Asia Pacific region, contributing to its expected high CAGR in the market.

Symantec (US), Proofpoint (US), and Trend Micro (Japan) are among the major vendors in the global email encryption market.

The statistic indicates that Symantec from the US, Proofpoint from the US, and Trend Micro from Japan are key players in the global email encryption market. This suggests that these companies are significant providers of email encryption solutions and services worldwide, catering to organizations and individuals looking to secure their email communications. Their presence and prominence in the market highlight their expertise, technology offerings, and reputation within the cybersecurity industry specifically in the field of email protection. It showcases how these vendors are recognized and trusted by customers seeking reliable email encryption solutions to safeguard their sensitive information and communications against potential threats and unauthorized access.

44% of businesses now use email encryption for sensitive data.

The statistic that 44% of businesses now use email encryption for sensitive data indicates that a significant portion of businesses are taking steps to protect their confidential information transmitted through email. Email encryption employs cryptographic techniques to encode email messages, making them unreadable to unauthorized individuals. By using email encryption, businesses can mitigate the risk of data breaches and unauthorized access to sensitive information. This statistic suggests a growing awareness and prioritization of data security among businesses, as they seek to safeguard their valuable data assets and maintain the trust of their customers and partners.

Approximately 57% of organizations include partners and customers in their email encryption policies.

The statistic indicates that the majority of organizations, at around 57%, incorporate partners and customers into their email encryption policies. This suggests that organizations are recognizing the importance of extending their data protection measures beyond internal communication to include external parties with whom they interact. By including partners and customers in their email encryption policies, organizations are demonstrating a commitment to safeguarding sensitive information and maintaining secure communication channels across their network of stakeholders, which can help mitigate the risk of data breaches and unauthorized access.

93% of IT professionals believe email privacy and encryption is necessary to their company’s cybersecurity posture.

The statistic that 93% of IT professionals believe email privacy and encryption is necessary to their company’s cybersecurity posture indicates a widespread consensus among professionals in the field that these measures are crucial for protecting sensitive information and safeguarding against cybersecurity threats. Email is a commonly used communication tool in business operations, making it a prime target for cyber attacks. By emphasizing the importance of privacy and encryption in email communication, IT professionals recognize the need to secure data confidentiality, integrity, and authenticity to ensure the overall cybersecurity resilience of their organizations. This high percentage signifies a strong understanding of the vital role that email security plays in maintaining a strong cybersecurity posture within companies.

87% of senior managers upload business files to a personal email or cloud account.

The statistic “87% of senior managers upload business files to a personal email or cloud account” suggests that a high proportion of senior managers are engaging in potentially risky behavior by using personal email or cloud accounts to store business-related files. This practice could pose security risks such as data breaches, unauthorized access, or loss of sensitive information, potentially compromising the confidentiality and integrity of the business data. It indicates a need for organizations to implement and enforce stricter data security policies and provide adequate training to senior managers on the proper handling and storage of business files.

The global email encryption market is growing at a CAGR of 22.4%.

This statistic indicates that the global email encryption market is expanding steadily at a Compound Annual Growth Rate (CAGR) of 22.4%. CAGR is a measure used to represent the mean annual growth rate of an investment over a specific time period longer than one year, providing a constant rate of return over the investment’s lifetime. In this context, a CAGR of 22.4% suggests that the market for email encryption services is experiencing significant growth year over year. This growth rate implies a surge in demand for email encryption solutions, likely driven by increasing concerns over data security and privacy, stringent regulatory requirements, and the escalating threats of cyberattacks. Organizations and individuals are recognizing the importance of safeguarding their email communications, leading to the market’s expansion as more users adopt email encryption services to protect their sensitive information.

Approximately 8% of organizations continue to rely solely on user-driven, manual encryption.

The statistic indicates that a significant portion, around 8%, of organizations still exclusively rely on manual encryption processes driven by users. This suggests that despite advancements in technology and the availability of automated encryption solutions, a notable proportion of organizations have not adopted these more modern approaches. Relying solely on manual encryption processes administered by users can be time-consuming, error-prone, and potentially less secure compared to automated encryption tools. This statistic highlights a potential gap in the adoption of technology within these organizations, which may impact their overall data security posture and efficiency in protecting sensitive information.

64% of SMBs believe their organization will be the target of an email-borne attack in the next year.

The statistic ‘64% of SMBs believe their organization will be the target of an email-borne attack in the next year’ indicates that a significant majority of small and medium-sized businesses (SMBs) are concerned about the possibility of falling victim to email-based cyber attacks within the upcoming year. This level of apprehension highlights the growing awareness and importance of cybersecurity among SMBs, as they recognize the potential risks associated with email-borne threats such as phishing scams, malware, and ransomware. These findings suggest that SMBs are acknowledging the need to enhance their cybersecurity measures and safeguard their business data and systems from malicious email attacks to mitigate potential risks and protect their organizations from cyber threats.

The BFSI sector is estimated to witness fastest growth within the email encryption market.

The statistic suggests that the Banking, Financial Services, and Insurance (BFSI) sector is expected to experience the most rapid expansion in the email encryption market compared to other industries. This indicates that organizations within the BFSI sector are increasingly recognizing the importance of securing sensitive information transmitted via email to protect against data breaches and cyber threats. The growth in email encryption adoption within the BFSI sector may be driven by regulatory requirements, increasing cybersecurity threats, and the need to maintain customer trust by safeguarding confidential financial data. This trend highlights the sector’s proactive approach to enhancing data security measures and staying ahead of evolving cyber risks in today’s digital landscape.

Portable security devices are likely to witness the highest growth in the email encryption market segment.

The statistic suggests that portable security devices are poised to experience significant growth within the email encryption market segment. This growth may be driven by the increased need for secure communication channels, especially with the rise in remote work and the proliferation of mobile devices. Portable security devices offer users the flexibility to access secure email encryption solutions on-the-go, enhancing the overall security posture of organizations. The trend towards greater adoption of portable security devices for email encryption reflects a strategic shift towards achieving higher levels of data protection and compliance with regulatory requirements in an increasingly digital and interconnected world.

Cloud-based email encryption is the leading segment in terms of deployment model.

This statistic indicates that among various deployment models for email encryption, such as on-premises, hybrid, or cloud-based, the cloud-based model is the most popular or widely used. Cloud-based email encryption involves encrypting sensitive email data and storing it on servers managed by a third-party provider, offering benefits such as scalability, ease of implementation, and potentially lower costs. The fact that cloud-based email encryption is the leading segment suggests that organizations are increasingly choosing this deployment model over traditional on-premises solutions or hybrid approaches, likely driven by factors such as flexibility, accessibility, and the growing trend towards cloud computing.

The large enterprises segment is expected to hold the largest market share in the email encryption market during the forecast period.

The statistic indicates that among different types of enterprises, including small, medium, and large businesses, the segment of large enterprises is projected to dominate the market in terms of utilizing email encryption solutions over the specified forecast period. This suggests that organizations with significant resources, extensive operations, and complex security requirements are likely to invest more in email encryption technology to safeguard their confidential information and communications. The preference for email encryption among large enterprises can be attributed to their higher susceptibility to cyber threats, stringent compliance regulations, and the need for robust data protection measures to mitigate risks and maintain trust with stakeholders.

The market for End-to-End encryption is expected to grow at the highest rate from 2019 to 2025.

This statistic indicates that the market for End-to-End encryption is projected to experience the most significant rate of growth between 2019 and 2025 compared to other sectors within the technology industry. End-to-End encryption technology ensures that only the communicating users can read the messages being exchanged, enhancing security and privacy. The expected high growth rate suggests an increasing demand for this encryption method due to escalating concerns about data breaches, cyber threats, and privacy violations. This trend reflects a growing awareness and emphasis on safeguarding sensitive information, driving businesses and consumers alike to invest in secure communication solutions, thereby propelling the market for End-to-End encryption towards rapid expansion during the specified period.

The email encryption market in Europe is forecasted to grow from USD 805.1 million in 2019 to USD 1.8 billion by 2025.

The statistic indicates that the email encryption market in Europe is projected to experience significant growth over the specified time period, increasing from USD 805.1 million in 2019 to USD 1.8 billion by 2025. This forecast suggests a substantial expansion in the demand for email encryption services and solutions within the European market, driven by factors such as increasing cybersecurity threats, data protection regulations, and the growing adoption of digital communication channels. The expected growth highlights the importance of email security measures in safeguarding sensitive information and data privacy, underscoring the need for organizations to invest in robust encryption technologies to mitigate security risks and ensure secure communications.

Healthcare is predicted to be the most lucrative end-use industry for the email encryption market.

The statistic that healthcare is predicted to be the most lucrative end-use industry for the email encryption market suggests that within the field of email encryption services, the healthcare industry is anticipated to be the highest revenue-generating sector. This prediction indicates that healthcare organizations are expected to heavily invest in email encryption solutions to secure their sensitive information and comply with strict regulatory requirements, such as the Health Insurance Portability and Accountability Act (HIPAA). The strong emphasis on protecting patient data, the increasing adoption of digital communication in healthcare operations, and the rising number of cybersecurity threats targeting the healthcare sector are likely contributing factors to this projection of healthcare as the leading industry for email encryption market growth.

Conclusion

The industry statistics for email encryption paint a clear picture of the increasing awareness and adoption of secure communication practices. As organizations strive to protect sensitive information and safeguard against cyber threats, the use of email encryption technology is on the rise. With advancements in encryption protocols and a growing emphasis on data privacy regulations, the future of the email encryption industry looks promising.

References

0. – https://www.marketresearchforecast.com

1. – https://www.us.norton.com

2. – https://www.www.reportsanddata.com

3. – https://www.www.researchandmarkets.com

4. – https://www.zix.com

5. – https://www.www.prnewswire.com

6. – https://www.www.gminsights.com

7. – https://www.www.marketsandmarkets.com

8. – https://www.www.zixcorp.com

How we write our statistic reports:

We have not conducted any studies ourselves. Our article provides a summary of all the statistics and studies available at the time of writing. We are solely presenting a summary, not expressing our own opinion. We have collected all statistics within our internal database. In some cases, we use Artificial Intelligence for formulating the statistics. The articles are updated regularly.

See our Editorial Process.

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