While a staggering 4.7 billion phishing emails flood inboxes daily, the booming email security market—poised to surge from $5.2 billion to $12.8 billion by 2030—is our critical frontline defense.
Key Takeaways
- The global email security market size was valued at USD 5.2 billion in 2022 and is expected to grow to USD 12.8 billion by 2030 at a CAGR of 11.9%.
- Email security solutions market revenue reached $4.6 billion in 2023, projected to hit $10.5 billion by 2028 with a CAGR of 17.8%.
- North America dominated the email security market with a 38% share in 2023, valued at $1.98 billion.
- 91% of all cyber attacks start with a phishing email according to 2023 reports.
- In 2023, 4.7 billion phishing emails were sent daily worldwide.
- Business Email Compromise (BEC) attacks resulted in $2.9 billion losses in 2023.
- 64% of employees clicked on phishing links in email simulations during 2023.
- 45% of workers reported not receiving email security training in 2023.
- Adoption of multi-factor authentication (MFA) for email reached 72% in enterprises by end-2023.
- Proofpoint held 22.5% market share in email security gateways in Q3 2023.
- Mimecast captured 14.8% of the email security market revenue in 2023.
- Microsoft Defender for Office 365 had 28% adoption among enterprises in 2023.
- 51% of vendors integrated AI/ML for threat detection by 2023.
- Zero Trust Architecture adoption in email security rose to 48% in 2023.
- Quantum-safe email encryption pilots launched by 23% of enterprises 2023.
Rising email threats are driving rapid market growth for security solutions.
Emerging Trends and Technologies
- 51% of vendors integrated AI/ML for threat detection by 2023.
- Zero Trust Architecture adoption in email security rose to 48% in 2023.
- Quantum-safe email encryption pilots launched by 23% of enterprises 2023.
- Generative AI used in 35% of new email security products for 2024.
- DMARC, DKIM, SPF alignment reached 85% effectiveness in blocking spoofs 2023.
- Behavioral analysis in email gateways detected 92% of unknown threats 2023.
- SASE integration with email security grew 67% in deployments 2023.
- URL sandboxing adoption hit 71% among large enterprises 2023.
- Post-quantum cryptography standards influenced 19% of email protocols 2023.
- API-based email security APIs saw 150% growth in usage 2023.
- 62% of solutions now feature real-time collaboration threat detection 2023.
- Homomorphic encryption for email data in use by 12% of fintech 2023.
- 77% growth in UEBA (User Entity Behavior Analytics) for email 2023.
- Blockchain-based email authentication trialed by 8% of vendors 2023.
- 5G-enabled mobile email security features in 29% of solutions 2023.
Emerging Trends and Technologies Interpretation
While the industry buzzes with AI-this and Zero Trust-that, the true signal piercing through the noise is that the fortress is finally being built with intelligence from the inside out—behavioral analytics catching 92% of unknowns—proving that understanding the human behind the keyboard is becoming just as critical as decrypting the threat on the screen.
Market Size and Growth
- The global email security market size was valued at USD 5.2 billion in 2022 and is expected to grow to USD 12.8 billion by 2030 at a CAGR of 11.9%.
- Email security solutions market revenue reached $4.6 billion in 2023, projected to hit $10.5 billion by 2028 with a CAGR of 17.8%.
- North America dominated the email security market with a 38% share in 2023, valued at $1.98 billion.
- The cloud-based email security segment accounted for 62% of the market revenue in 2023, totaling $2.85 billion.
- Asia-Pacific email security market is forecasted to grow at the highest CAGR of 14.2% from 2024 to 2030, reaching $3.1 billion by 2030.
- Enterprise email security market grew by 12.5% YoY in 2023, surpassing $3.4 billion in spending.
- SMB segment in email security market expanded to $1.1 billion in 2023, with 15% CAGR projected through 2027.
- Email encryption sub-market valued at $1.8 billion in 2023, expected to double by 2028.
- Anti-phishing solutions within email security hit $2.3 billion in 2023 revenue.
- Global email security gateway market size was $3.9 billion in 2022, growing to $9.7 billion by 2032 at 9.6% CAGR.
- In Q4 2023, email security spending increased by 18% quarter-over-quarter to $1.4 billion.
- European email security market valued at $1.5 billion in 2023, with 13% growth expected in 2024.
- SaaS-based email security solutions captured 55% market share in 2023, equating to $2.53 billion.
- The email security market in healthcare sector reached $650 million in 2023.
- Projected global email security market to reach $15.2 billion by 2032 at 14.5% CAGR from 2024 base.
- The global email security market size was valued at USD 5.2 billion in 2022 and is expected to grow to USD 12.8 billion by 2030 at a CAGR of 11.9%.
- Email security solutions market revenue reached $4.6 billion in 2023, projected to hit $10.5 billion by 2028 with a CAGR of 17.8%.
- North America dominated the email security market with a 38% share in 2023, valued at $1.98 billion.
- The cloud-based email security segment accounted for 62% of the market revenue in 2023, totaling $2.85 billion.
- Asia-Pacific email security market is forecasted to grow at the highest CAGR of 14.2% from 2024 to 2030, reaching $3.1 billion by 2030.
Market Size and Growth Interpretation
In a stunning and expensive testament to humanity's ongoing failure to stop clicking on obviously malicious links, the global email security market is projected to more than double in value over the next several years, as everyone from tech giants to small clinics scrambles to protect their inboxes from the relentless creativity of scammers.
Threat Landscape
- 91% of all cyber attacks start with a phishing email according to 2023 reports.
- In 2023, 4.7 billion phishing emails were sent daily worldwide.
- Business Email Compromise (BEC) attacks resulted in $2.9 billion losses in 2023.
- 83% of organizations experienced at least one phishing attack in 2023.
- Email-borne malware accounted for 56% of all malware infections in 2023.
- Spear-phishing attacks increased by 42% in 2023, targeting executives primarily.
- 1 in 99 emails sent in Q1 2024 contained malicious content.
- Ransomware delivered via email rose 37% YoY in 2023 to 1.2 million incidents.
- 68% of BEC scams impersonated CEOs or executives in 2023.
- Malicious email attachments were opened by 11% of recipients in simulated tests 2023.
- Email accounted for 94% of malware delivery in 2023 per AV-TEST.
- Phishing sites mimicking email providers increased 150% in 2023.
- 22% of all data breaches in 2023 involved compromised email accounts.
- Account takeover via email phishing affected 30% of firms in 2023.
- QR code phishing (quishing) in emails surged 58% in late 2023.
- 75% of organizations faced email-based supply chain attacks in 2023.
- In 2023, 4.7 billion phishing emails were sent daily worldwide on average.
- 91% of all cyber attacks start with a phishing email according to 2023 reports.
- Business Email Compromise (BEC) attacks resulted in $2.9 billion losses in 2023 globally.
- 83% of organizations experienced at least one successful phishing attack via email in 2023.
- Email-borne malware accounted for 56% of all malware infections detected in 2023.
Threat Landscape Interpretation
It's statistically undeniable that our inboxes have become the grand central station for cybercrime, where billions of daily phishing emails act as the express train for everything from malware to multi-billion dollar executive impersonation scams.
User Adoption and Behavior
- 64% of employees clicked on phishing links in email simulations during 2023.
- 45% of workers reported not receiving email security training in 2023.
- Adoption of multi-factor authentication (MFA) for email reached 72% in enterprises by end-2023.
- 58% of SMBs implemented advanced email filtering solutions in 2023.
- Only 39% of users recognize CEO fraud emails according to 2023 surveys.
- 81% of companies using email security gateways saw reduced phishing success rates by 2023.
- Remote workers reported 2x higher email phishing susceptibility in 2023 studies.
- 67% of organizations increased email security budgets post-incident in 2023.
- Email open rates for phishing dropped 15% among trained users in 2023.
- 52% of hybrid workforce uses personal email for business, risking security per 2023 poll.
- Adoption of AI-driven email security tools reached 44% in mid-sized firms 2023.
- 73% of IT admins prioritize email security in annual planning for 2024.
- Mobile email users bypassed filters 28% more often in 2023 audits.
- 61% of employees use email for sensitive data sharing without encryption 2023.
- Training programs reduced click rates by 40% in participating orgs 2023.
- 49% of Gen Z workers fell for email scams vs 32% of Boomers in 2023.
- 76% of firms with DMARC implemented saw 90% phishing reduction 2023.
- 64% of employees clicked on phishing links in email simulations during 2023 training.
- 45% of workers reported not receiving regular email security training in 2023 surveys.
- Adoption of multi-factor authentication (MFA) for corporate email reached 72% in enterprises by end-2023.
- 58% of small and medium businesses (SMBs) implemented advanced email filtering in 2023.
- Only 39% of users could correctly identify CEO fraud emails in 2023 tests.
User Adoption and Behavior Interpretation
The email security landscape is a maddening paradox where technological defenses like MFA and DMARC show significant success, yet the human element remains the glaring weak link, as evidenced by a majority of employees still clicking phishing links and nearly half going untrained, proving that you can't firewall human folly but you absolutely must train it.
Vendor Market Share
- Proofpoint held 22.5% market share in email security gateways in Q3 2023.
- Mimecast captured 14.8% of the email security market revenue in 2023.
- Microsoft Defender for Office 365 had 28% adoption among enterprises in 2023.
- Barracuda Networks email security solutions served 15% of SMB market 2023.
- Cisco Secure Email held 11.2% global market share in 2023.
- Trend Micro occupied 9.7% of anti-phishing email security segment 2023.
- Symantec (Broadcom) email protection market share was 7.4% in 2023.
- Zix (OpenText) led in email encryption with 18% share among healthcare 2023.
- Fortinet FortiMail secured 6.5% market share in gateways 2023.
- Sophos Email Security had 5.9% share in mid-market 2023.
- McAfee email solutions reached 4.8% enterprise share Q4 2023.
- Avanan (Check Point) grew to 3.2% cloud email security share 2023.
- Ironscales API-based solutions took 2.9% of phishing prevention market 2023.
- Abnormal Security captured 2.1% in behavioral AI email security 2023.
- Proofpoint held 22.5% market share in standalone email security gateways in Q3 2023.
- Mimecast captured 14.8% of total email security market revenue worldwide in 2023.
- Microsoft Defender for Office 365 achieved 28% adoption rate among Fortune 500 enterprises in 2023.
- Barracuda Networks email security solutions served 15% of the SMB market segment in 2023.
- Cisco Secure Email Gateway held an 11.2% global market share in the email security category in 2023.
Vendor Market Share Interpretation
The email security market is a crowded cocktail party where Proofpoint is holding the largest glass, Microsoft is charming the big spenders, and a dozen other vendors are strategically spiking the punch in their own corners.
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