The global email security market size was US$ 4.2 billion in 2021. The global email security market is forecast to grow to US$ 17.2 billion by 2030 by registering a compound annual growth rate (CAGR) of 17.4% during the forecast period from 2022 to 2030.
Organizations use email security to protect critical email information from cyberattacks, spam, virus assaults, denial of service attacks, and other sorts of harmful software. It explains how to safeguard sensitive data from unwanted access using an approach.
Factors Influencing the Market
The rising number of data breaches, social spam, and growing concerns about data malware are driving the growth of the email security market.
The increasing trend of Bring Your Own Device (BYOD) and the growing adoption of cloud-based software will propel the email security market forward.
The growing adoption of digitalized data and the growing number of online organizations will contribute to the growth of the email security market. Online organizations, mostly e-commerce websites like Amazon, are highly dependent on the internet. Moreover, they are more prone to cyberattacks, which increases the demand for email security.
Other businesses, such as BFSI and healthcare, are more profitable targets for hackers. Thus, the demand for email security is expected to increase from these segments. As a result, the email security market will grow rapidly during the study period.
COVID-19 Impact Analysis
In the midst of the COVID-19 pandemic, government bodies mandated the work from home policy. As internet usage grew, cybercrime cases grew steeply. Thus, the demand for email security also increased. Moreover, enterprises have become more attentive and have been focusing on safeguarding confidential data. Thus, the COVID-19 pandemic has had a positive impact on the global email security market.
Regional Analysis
North America is forecast to dominate the global email security market in terms of revenue. The growth of this market is attributed to the presence of prominent industry players, such as SAP SE, Microsoft Corporation, Cisco, Dell Inc., and Symantec Corporation. In addition, a growing number of fraudulent activities will contribute to the growth of the email security market. Further, the growing digital infrastructure will accelerate market growth in the coming years.
Asia-Pacific is forecast to hold the second-largest share email security market. The growth of the market is attributed to the growing healthcare, banking & financial segment in the region. Furthermore, an increasing number of SMEs in emerging economies like India and China will drive the market forward.
Growing digital transformation in the Asia Pacific will contribute to the growth of the market. Furthermore, the increasing cases of cyber crimes will fuel the growth of the Asia-Pacific email security market.
Competitors in the Market
Cisco Systems
Proofpoint
Symantec
CryptZone
DataMotion
EchoWorx
Egress Software Technologies
Entrust
Greenview Data
McAfee
Microsoft
Sophos
Virtru
WatchGuard Technologies
FireEye
Dell, Inc.
Fortinet
Appriver
Apptix
Other Prominent Players
Market Segmentation
The global email security market segmentation focuses on Component, Deployment, Industry Vertical, and Region.
By Component Type
Products
Services
By Deployment Type
Cloud
On-Premise
By Industry Vertical
BFSI
Healthcare
Government
IT & Telecom
Others
By Region
North America
The U.S.
Canada
Mexico
Europe
Western Europe
The UK
Germany
France
Italy
Spain
Rest of Western Europe
Eastern Europe
Poland
Russia
Rest of Eastern Europe
Asia Pacific
China
India
Japan
Australia & New Zealand
ASEAN
Rest of Asia Pacific
Middle East & Africa (MEA)
UAE
Saudi Arabia
South Africa
Rest of MEA
South America
Brazil
Argentina
Rest of South America
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