Email Security Market Synopsis

Email Security Market Size Was Valued at USD 4.6 Billion in 2023, and is Projected to Reach USD 12.1 Billion by 2032, Growing at a CAGR of 11.3% From 2024-2032.

E-mail security is the process followed by the consumers to protect the data from the threats and risks that can result in e-mail breaches, denial of services, and different kinds of viruses. What it provides to prevent data from reaching an unauthorized path is presented here. It also gives the liberty of the individual and organization to provide the information with the right intention to the required user. As a matter of fact, it is relative to find its use in a great many business organizations and industries.

It is effective in managing total inbound and outbound emails for detection and prevention of threats besides intercepting sensitive information from reaching the undeserving recipients. This technology allows the consumers to put up effective sending and receiving of email policies. Firewalling and anti-virus for the computers are designed according to the consumer’s requirements and rules and policies are established for using the Internet safely without any interruption. Specifically, email security plays a major role in safeguarding their customer important information, IT operations, and platforms. There is a prevailing interest among private and public banking institutions to ensure that new technologies in curbing cybercrime are adapted.

• The rising incidence of cyber threats and social spam, as well as the increasing use of BYOD, are the main reasons underlying the growth of the e-mail security market. The trend of utilizing cloud-based secure email gateway because it provides security against advanced threats including impersonation, phishing, and spam due to the incorporation of email fraud protection as it prevents fraudulent mails which in turn fuels the stoke of email security market growth.
• The e-mail security market is impacted by the increase in demand because of reduced workload on the IT departments of the organization which used to manage email security in the past manually, integration capabilities of the solution with the email security that allows it to block threats that are in the cloud and on the premise platform. Furthermore, the increase in the use of the solution due to the benefits found such as increased effectiveness of the cybersecurity employees and specialists, decrease of alert fatigue as it mitigates threats on the internet, and controlling of the response of threats based on its severity are the factors that contribute to the growth of the market for email security.
• However, the increase in the risk of account takeover, credential theft, spear phishing, and credential theft will also expand the growth of the profitable offers for the email security market. Some of the restrictions and challenges faced are as follows Which are basically some factors that will hinder the growth of the market. The major challenge a firm faces when applying e-mail security solutions is the massive capital expenditure that comes with it. complex integrated systems along with the integration of AI, IoT Into the systems is a complicated process and limits the expansion.
• In addition, the adoption of free email encryption clients and other freeware or pirated SWs and frequent shifts in government guidelines on data protection roughly in different geographical areas are other restraining factors to the growth of the market. There are certain limitations and future challenges; primary of all in relation to email encryption is the current awareness among enterprises is low and there are no key management and verification solutions for encrypting keys that are currently limiting the growth of the email security market.

Email Security Market Trend Analysis

Rising Cyber-Attack Activity increases the demand

• Cyber attackers have expanded the variety of targets to be attacked. They are coming up with new methods through which they can potentially steal identities, for instance domain name spoofing, external URL domain name forging, and others involving the email header domain. Also, they indulge in blended threats, where they use account takeover in emails and cloudbased systems, or they use outgoing mail as an open-source bot, which is dangerous to an organization’s reputation.
• In 2023, Acronis revealed something more alarming, namely that the number of email-based phishing attacks, which has skyrocketed in 2023 – up 464% from the previous year. Moreover, all sorts of cybersecurity threat actors have used fears and uncertainties generated by the pandemic to initiate email phishing.
• For example, One of the recent studies was conducted by SlashNext in 2022 with 1,389 participants and covered billions of attachments, messages, and URLs in mobile phones, email, and browsers for over half a year and for this, it faced around 255 million attacks. The increase in the volume of attacks of such a nature is continuing to grow while progressing to a higher level of complication, as well as higher costs for users, to support the implementation of solutions for electronic mail security.

Increasing Adoption of Cloud-based Solutions

• The security and risk management leaders began considering which of the capabilities that the cloud-based email systems provided enables resistance of the emerging threats like phishing, malware, and ransomware. Also, there is an increasing trend towards cloud based mailboxes alongside other changes, such as shift from on-premise servers to the cloud. Major market players are innovating on ways to build value added functions and features beyond email such as latest in electronic mail security offered as a cloud SaaS. For instance, Gartner’s market research projection estimated that in 2023 40% of businesses would opt to use capabilities and characteristics of cloud based email services. An increase in the adoption of cloud email security solutions assist in preventing data leakage; timely compliance support. Companies have begun socializing and integrating sound cloud governance model that hold the potential to enhance their speed of security solutions hence electronic mail security solutions to affect the market in a positive manner.

Email Security Market Segment Analysis:

Email Security Market Segmented based on Deployment, and Application.

By Deployment, cloud-based segment is expected to dominate the market during the forecast period

• Depending on the deployment, the market is segregated by type into cloud, on-premises, and hybrid. The cloud-based email security was found to be ruling the market share and estimated to grow at a higher CAGR during the forecasted period due to the increased digitalization process and adaptions in organizations due to work from home model. The adoption of web-based email security platforms enables remote functions such as fingerprint scan, identification, and document authentication on the server. Furthermore, organizations have begun using these solutions, and they have come to understand that this is advantageous in a number of ways including; reduced costs, better operations, and heightened security.
• For example, based on a Cisco Systems report, it was estimated that 70 percent of public and private organizations worldwide would be implementing cloud-based email solutions in 2021. Thus, growth opportunity is in the increasing demand due to the need for cloud-based email security solutions etc.

By Application, IT & Telecom segment held the largest share in 2023

• Depending on the type of the application, the market is divided by the types of the end user which includes BFSI, government, healthcare, IT & Telecom, media & entertainment, and others which most often include retail and defense among others. A shift has increasingly become a pressing issue for many companies as requirements change and transform towards electronic mail security solutions for businesses. IT & Telecom to lead as it is teams teams are under ever greater pressure to better manage the implementation and operational landscape of security technologies and, alike, to operationalise a more sustainable security architecture. An alarming level of threats that organizations face daily and new types of risks make companies introduce electronic mail security solutions for strengthening the protection of their digital environments and critical infrastructure. Besides, the up surge of cyber threats in the industry has led to the adaption of electronic mail security solutions.
• Also, the sector of BFSI is expected to grow with the second-fight highest CAGR during the forecast period. This credited to the fact that the financial sector has been subjected to the highest number of cyber threats, an aspect that has led to increased data breach incidents in the BFSI sector. Thanks to this factor, the need for electronic mail security to ensure adequate protection is promoted by presenting the corresponding solutions.

Email Security Market Regional Insights:

North America is Expected to Dominate the Market Over the Forecast period

• North America has the largest share of the Email Security Market. First and foremost, the formation of the top investors for technologies in this domain contributes to the market’s significance in this domain. For instance, major companies like Microsoft, SAP SE, Dell and so on have made it highly encouraging here. Several activities conducted by these players make North America have the Email Security Market Share. Needless is to say that these key players are using sophisticated methods in various fields.
• North America dominated the market in 2023 due to rising organizational mobile devices usage, strict regulatory compliances, and the availability of cloud-based email security solutions. Furthermore, because the pandemic led to a higher incidence of phishing and email scams, companies in the region have become more vigilant in protecting data that is in the email servers. As the use of electronic mail continues to grow among enterprises, the market for electronic mail security solutions is on the rise to safeguard business information and assets.

Active Key Players in the Email Security Market

• Cisco Systems Inc. (U.S.)
• Broadcom Inc. (U.S.)
• Open Text Corporation (Canada)
• Proofpoint Inc. (U.S.)
• Fortinet Inc. (U.S.)
• Barracuda Networks Inc. (U.S.)
• DataFlowX (Turkey)
• Trend Micro Inc. (Japan)
• Sophos Ltd. (U.S.)
• Intermedia.net, Inc. (U.S.), Other Active Players

Key Industry Developments in the Email Security Market:

• In January 2024, Stellar Cyber partnered with Proofpoint, a cybersecurity and compliance firm to help SecOps Teams in their fight against cyber threats through offering email security via its Open XDR platform.
• In April 2023, Fortinet partner conference held in Silicon Valley, California, Fortinet – the world’s online protection leader specialising in the conception of systems connecting and cybersecurity – revealed that it had integrated the Fortinet Security Fabric with new and enhanced solutions and features to help protect a self-protecting network for organizations, endpoints, and cloud.
• In February 2023, The Californian based firm Sublime Security secured USD 9. 8 million and became the first open email security platform that can automatically prevent and report phishing threats.

Chapter 1: Introduction
 1.1 Scope and Coverage

Chapter 2:Executive Summary

Chapter 3: Market Landscape
 3.1 Market Dynamics
  3.1.1 Drivers
  3.1.2 Restraints
  3.1.3 Opportunities
  3.1.4 Challenges
 3.2 Market Trend Analysis
 3.3 PESTLE Analysis
 3.4 Porter's Five Forces Analysis
 3.5 Industry Value Chain Analysis
 3.6 Ecosystem
 3.7 Regulatory Landscape
 3.8 Price Trend Analysis
 3.9 Patent Analysis
 3.10 Technology Evolution
 3.11 Investment Pockets
 3.12 Import-Export Analysis

Chapter 4: Email Security Market by Deployment
 4.1 Email Security Market Snapshot and Growth Engine
 4.2 Email Security Market Overview
 4.3 Cloud
  4.3.1 Introduction and Market Overview
  4.3.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  4.3.3 Key Market Trends, Growth Factors and Opportunities
  4.3.4 Cloud: Geographic Segmentation Analysis
 4.4 On-Premises
  4.4.1 Introduction and Market Overview
  4.4.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  4.4.3 Key Market Trends, Growth Factors and Opportunities
  4.4.4 On-Premises: Geographic Segmentation Analysis
 4.5 Hybrid
  4.5.1 Introduction and Market Overview
  4.5.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  4.5.3 Key Market Trends, Growth Factors and Opportunities
  4.5.4 Hybrid: Geographic Segmentation Analysis

Chapter 5: Email Security Market by Application
 5.1 Email Security Market Snapshot and Growth Engine
 5.2 Email Security Market Overview
 5.3 BFSI
  5.3.1 Introduction and Market Overview
  5.3.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  5.3.3 Key Market Trends, Growth Factors and Opportunities
  5.3.4 BFSI: Geographic Segmentation Analysis
 5.4 Government
  5.4.1 Introduction and Market Overview
  5.4.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  5.4.3 Key Market Trends, Growth Factors and Opportunities
  5.4.4 Government: Geographic Segmentation Analysis
 5.5 Healthcare
  5.5.1 Introduction and Market Overview
  5.5.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  5.5.3 Key Market Trends, Growth Factors and Opportunities
  5.5.4 Healthcare: Geographic Segmentation Analysis
 5.6 IT & Telecom
  5.6.1 Introduction and Market Overview
  5.6.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  5.6.3 Key Market Trends, Growth Factors and Opportunities
  5.6.4 IT & Telecom: Geographic Segmentation Analysis
 5.7 Media & Entertainment
  5.7.1 Introduction and Market Overview
  5.7.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  5.7.3 Key Market Trends, Growth Factors and Opportunities
  5.7.4 Media & Entertainment: Geographic Segmentation Analysis
 5.8 Others
  5.8.1 Introduction and Market Overview
  5.8.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  5.8.3 Key Market Trends, Growth Factors and Opportunities
  5.8.4 Others: Geographic Segmentation Analysis

Chapter 6: Company Profiles and Competitive Analysis
 6.1 Competitive Landscape
  6.1.1 Competitive Benchmarking
  6.1.2 Email Security Market Share by Manufacturer (2023)
  6.1.3 Industry BCG Matrix
  6.1.4 Heat Map Analysis
  6.1.5 Mergers and Acquisitions
  
 6.2 CISCO SYSTEMS INC (US)
  6.2.1 Company Overview
  6.2.2 Key Executives
  6.2.3 Company Snapshot
  6.2.4 Role of the Company in the Market
  6.2.5 Sustainability and Social Responsibility
  6.2.6 Operating Business Segments
  6.2.7 Product Portfolio
  6.2.8 Business Performance
  6.2.9 Key Strategic Moves and Recent Developments
  6.2.10 SWOT Analysis
 6.3 BROADCOM INC (US)
 6.4 OPEN TEXT CORPORATION (CANADA)
 6.5 PROOFPOINT INC (US)
 6.6 FORTINET INC (US)
 6.7 BARRACUDA NETWORKS INC (US)
 6.8 DATAFLOWX (TURKEY)
 6.9 TREND MICRO INC (JAPAN)
 6.10 SOPHOS LTD(US)
 6.11 INTERMEDIA NET INC (US)
 6.12 OTHER ACTIVE PLAYERS

Chapter 7: Global Email Security Market By Region
 7.1 Overview
 7.2. North America Email Security Market
  7.2.1 Key Market Trends, Growth Factors and Opportunities
  7.2.2 Top Key Companies
  7.2.3 Historic and Forecasted Market Size by Segments
  7.2.4 Historic and Forecasted Market Size By Deployment
   7.2.4.1 Cloud
   7.2.4.2 On-Premises
   7.2.4.3 Hybrid
  7.2.5 Historic and Forecasted Market Size By Application
   7.2.5.1 BFSI
   7.2.5.2 Government
   7.2.5.3 Healthcare
   7.2.5.4 IT & Telecom
   7.2.5.5 Media & Entertainment
   7.2.5.6 Others
  7.2.6 Historic and Forecast Market Size by Country
   7.2.6.1 US
   7.2.6.2 Canada
   7.2.6.3 Mexico
 7.3. Eastern Europe Email Security Market
  7.3.1 Key Market Trends, Growth Factors and Opportunities
  7.3.2 Top Key Companies
  7.3.3 Historic and Forecasted Market Size by Segments
  7.3.4 Historic and Forecasted Market Size By Deployment
   7.3.4.1 Cloud
   7.3.4.2 On-Premises
   7.3.4.3 Hybrid
  7.3.5 Historic and Forecasted Market Size By Application
   7.3.5.1 BFSI
   7.3.5.2 Government
   7.3.5.3 Healthcare
   7.3.5.4 IT & Telecom
   7.3.5.5 Media & Entertainment
   7.3.5.6 Others
  7.3.6 Historic and Forecast Market Size by Country
   7.3.6.1 Bulgaria
   7.3.6.2 The Czech Republic
   7.3.6.3 Hungary
   7.3.6.4 Poland
   7.3.6.5 Romania
   7.3.6.6 Rest of Eastern Europe
 7.4. Western Europe Email Security Market
  7.4.1 Key Market Trends, Growth Factors and Opportunities
  7.4.2 Top Key Companies
  7.4.3 Historic and Forecasted Market Size by Segments
  7.4.4 Historic and Forecasted Market Size By Deployment
   7.4.4.1 Cloud
   7.4.4.2 On-Premises
   7.4.4.3 Hybrid
  7.4.5 Historic and Forecasted Market Size By Application
   7.4.5.1 BFSI
   7.4.5.2 Government
   7.4.5.3 Healthcare
   7.4.5.4 IT & Telecom
   7.4.5.5 Media & Entertainment
   7.4.5.6 Others
  7.4.6 Historic and Forecast Market Size by Country
   7.4.6.1 Germany
   7.4.6.2 UK
   7.4.6.3 France
   7.4.6.4 Netherlands
   7.4.6.5 Italy
   7.4.6.6 Russia
   7.4.6.7 Spain
   7.4.6.8 Rest of Western Europe
 7.5. Asia Pacific Email Security Market
  7.5.1 Key Market Trends, Growth Factors and Opportunities
  7.5.2 Top Key Companies
  7.5.3 Historic and Forecasted Market Size by Segments
  7.5.4 Historic and Forecasted Market Size By Deployment
   7.5.4.1 Cloud
   7.5.4.2 On-Premises
   7.5.4.3 Hybrid
  7.5.5 Historic and Forecasted Market Size By Application
   7.5.5.1 BFSI
   7.5.5.2 Government
   7.5.5.3 Healthcare
   7.5.5.4 IT & Telecom
   7.5.5.5 Media & Entertainment
   7.5.5.6 Others
  7.5.6 Historic and Forecast Market Size by Country
   7.5.6.1 China
   7.5.6.2 India
   7.5.6.3 Japan
   7.5.6.4 South Korea
   7.5.6.5 Malaysia
   7.5.6.6 Thailand
   7.5.6.7 Vietnam
   7.5.6.8 The Philippines
   7.5.6.9 Australia
   7.5.6.10 New Zealand
   7.5.6.11 Rest of APAC
 7.6. Middle East & Africa Email Security Market
  7.6.1 Key Market Trends, Growth Factors and Opportunities
  7.6.2 Top Key Companies
  7.6.3 Historic and Forecasted Market Size by Segments
  7.6.4 Historic and Forecasted Market Size By Deployment
   7.6.4.1 Cloud
   7.6.4.2 On-Premises
   7.6.4.3 Hybrid
  7.6.5 Historic and Forecasted Market Size By Application
   7.6.5.1 BFSI
   7.6.5.2 Government
   7.6.5.3 Healthcare
   7.6.5.4 IT & Telecom
   7.6.5.5 Media & Entertainment
   7.6.5.6 Others
  7.6.6 Historic and Forecast Market Size by Country
   7.6.6.1 Turkey
   7.6.6.2 Bahrain
   7.6.6.3 Kuwait
   7.6.6.4 Saudi Arabia
   7.6.6.5 Qatar
   7.6.6.6 UAE
   7.6.6.7 Israel
   7.6.6.8 South Africa
 7.7. South America Email Security Market
  7.7.1 Key Market Trends, Growth Factors and Opportunities
  7.7.2 Top Key Companies
  7.7.3 Historic and Forecasted Market Size by Segments
  7.7.4 Historic and Forecasted Market Size By Deployment
   7.7.4.1 Cloud
   7.7.4.2 On-Premises
   7.7.4.3 Hybrid
  7.7.5 Historic and Forecasted Market Size By Application
   7.7.5.1 BFSI
   7.7.5.2 Government
   7.7.5.3 Healthcare
   7.7.5.4 IT & Telecom
   7.7.5.5 Media & Entertainment
   7.7.5.6 Others
  7.7.6 Historic and Forecast Market Size by Country
   7.7.6.1 Brazil
   7.7.6.2 Argentina
   7.7.6.3 Rest of SA

Chapter 8 Analyst Viewpoint and Conclusion
8.1 Recommendations and Concluding Analysis
8.2 Potential Market Strategies

Chapter 9 Research Methodology
9.1 Research Process
9.2 Primary Research
9.3 Secondary Research