Global Email Security Market Size By Security Type (Hybrid Email Encryption, Gateway Email Encryption, End to End Email Encryption), By Component (Products, Services), By End-User Industry (Healthcare, Government), By Geographic Scope and Forecast

Email Security Market Size and Forecast

Email Security Market size was valued at USD 6.02 Billion in 2024 and is projected to reach USD 16.70 Billion by 2031, growing at a CAGR of 13% from 2024 to 2031.

• Email security refers to the set of methods and policies used to safeguard email communication from a variety of cyber threats including phishing, malware, spam, and unauthorized access. Email is a prime target for cyberattacks because of its widespread use, making security vital for both individuals and enterprises. Email security solutions use encryption, authentication, and spam filtering technologies to protect the confidentiality, integrity, and availability of email messages.
• It includes a wide range of applications with the primary focus on safeguarding organizations and individuals against cyber threats such as phishing, malware, spam, and data breaches. One critical application is security against phishing attacks which are more sophisticated attempts to steal valuable information by impersonating legitimate correspondence.
• The future of email security will be defined by the increasing sophistication of cyber-attacks and the growing significance of protecting sensitive information in a digital-first society. As email remains a primary communication channel for both individuals and businesses, email security solutions will adapt to address new threats such as advanced phishing attempts, ransomware, and business email compromise (BEC).

To Get Detailed Analysis: Download Report PDF

Global Email Security Market Dynamics

The key market dynamics that are shaping the global email security market include:

Key Market Drivers:

• Rising Threat of Cyberattacks and Data Breaches: Cyberattacks and data breaches are becoming more common and sophisticated driving the email security market. Email is a major entrance method for these attacks which target both individuals and organizations.
• The Rise of Remote and Hybrid Work Environments: The COVID-19 epidemic has hastened the shift to remote and hybrid work models increasing reliance on digital communication technologies such as email. This move has increased the attack surface as employees can now access workplace networks and emails from multiple locations and devices. As businesses adjust to the new normal, demand for email security solutions that secure both on-premises and cloud-based systems has increased.
• Strict Regulatory Compliance Requirements: The growing number of rules aimed at preserving data privacy such as the General Data Protection Regulation (GDPR) in Europe and the California Consumer Privacy Act (CCPA), are important drivers of the email security market. These standards impose stringent requirements for the management, storage, and transmission of sensitive information including email encryption and secure communication methods.

Key Challenges:

• Evolving Threat Landscape: The ever-changing threat landscape is one of the most difficult difficulties in email security. Cybercriminals are constantly developing more complex strategies including phishing, spear-phishing, ransomware, and business email compromise (BEC). These assaults frequently evade typical email security filters by utilizing social engineering techniques or advanced malware.
• Insider Threats and Human Error: Human error is still a major concern in email security. Employees may unintentionally click on dangerous links, download infected attachments, or fall for phishing scams resulting in data breaches or malware infections. Even with sophisticated security systems, insider threats remain a problem as attackers increasingly target individuals with access to critical information.
• Encryption and Compliance Complexities: Implementing strong email encryption to secure sensitive data is difficult, especially for firms dealing with regulatory compliance requirements such as GDPR, HIPAA, or CCPA. Managing end-to-end encryption and ensuring that it meets compliance criteria can be difficult because it requires seamless integration into current communication systems without disturbing workflow.

Key Trends:

• Increasing Adoption of AI and Machine Learning: AI and machine learning are being increasingly widely used in email security allowing for more advanced threat identification and prevention. Traditional email security systems use predetermined criteria to identify risks whereas current AI-powered solutions can study patterns, detect abnormalities, and forecast new attack tactics.
• Rising Demand for Cloud-Based Email Security Solutions: As businesses transition to cloud-based email platforms such as Microsoft 365 and Google Workspace, the demand for cloud-based email security solutions is fast increasing. Cloud email security services are more flexible, scalable, and easier to maintain than on-premise systems.
• Growth in Phishing and Ransomware Assaults: As phishing and ransomware assaults become more sophisticated and frequent, there is a greater demand for advanced email security solutions. Phishing remains one of the most popular types of cyberattacks resulting in data breaches and financial losses.

What's inside a VMR
industry report?

Our reports include actionable data and forward-looking analysis that help you craft pitches, create business plans, build presentations and write proposals.

>>> Ask For Discount @ – https://www.verifiedmarketresearch.com/ask-for-discount/?rid=31890

Global Email Security Market Regional Analysis

Here is a more detailed regional analysis of the global email security market:

North America:

• The North American region dominates the email security market because of its strong technology infrastructure and concentration of significant corporations and government bodies. This dominance is strengthened by strong data protection requirements as well as the growing frequency and sophistication of cyber assaults aimed against email systems.
• The United States is leading the way in email security adoption owing to an increase in cyber threats. According to the FBI’s Internet Crime Complaint Center (IC3), Business Email Compromise (BEC) schemes caused $1.8 billion in losses in 2020 accounting for 43% of total cybercrime losses in the United States. This astonishing amount highlights the urgent need for strong email security solutions.
• These data demonstrate the growing relevance of email security in the region’s cybersecurity landscape. The advent of data protection legislation such as the California Consumer Privacy Act (CCPA) and Canada’s Personal Information Protection and Electronic Documents Act (PIPEDA) has prompted businesses to improve their email security. Furthermore, industry-specific laws such as the Health Insurance Portability and Accountability Act (HIPAA) in healthcare and the Gramm-Leach-Bliley Act (GLBA) in finance have increased the use of email security solutions.

Asia Pacific:

• The Asia Pacific region is seeing the fastest growth in the email security market which is primarily driven by rapid digital transformation and rising cyber threats. This accelerated expansion is being driven by the region’s expanding IT infrastructure, rising internet usage, and increased awareness of cybersecurity issues among enterprises and governments.
• The fast adoption of digital technology in the Asia Pacific region is a major driver of the email security market. According to the International Telecommunication Union (ITU), internet usage in the Asia Pacific region has climbed from 39.6% in 2015 to 54.9% in 2021 indicating a considerable increase in potential email subscribers. This digital surge has coincided with a worrying rise in cyber risks.
• These numbers highlight the critical need for strong email security solutions in the region. Government initiatives and regulations are also boosting Asia Pacific’s email security market growth. For example, China’s Cybersecurity Law, which went into effect in 2017, requires network providers to undertake strong data protection measures, including email security. Similarly, Japan’s revised Act on the Protection of Personal Information, effective in 2022, places additional obligations on enterprises that handle personal data including email communications.

Global Email Security Market: Segmentation Analysis

The Global Email Security Market is segmented based on the Security Type, Component, End-User Industry, and Geography.

Email Security Market, By Security Type

• Hybrid Email Encryption
• Gateway Email Encryption
• End to End Email Encryption

Based on the Security Type, the Global Email Security Market is bifurcated into Hybrid Email Encryption, Gateway Email Encryption, and End to End Email Encryption. In the email security market, Gateway Email Encryption is the dominant security type. This dominance is driven by its ability to provide comprehensive protection at the network perimeter, securing both inbound and outbound email traffic. Organizations prioritize gateway encryption to prevent data breaches, phishing attacks, and unauthorized access before emails reach the end user.

Email Security Market, By Component

• Products
• Services

Based on the Component, the Global Email Security Market is bifurcated into Products and Services. In the email security market, Products are the dominant component. This dominance is driven by the increasing demand for advanced security solutions to combat rising cyber threats such as phishing, malware, and ransomware. Organizations prioritize investing in robust email security products including encryption, anti-spam, and threat detection software to safeguard sensitive information and prevent unauthorized access.

Email Security Market, By End-User Industry

• BFSI (Banking, Financial Services, & Insurance)
• Healthcare
• Government
• IT

Based on the End-User Industry, the Global Email Security Market is bifurcated into BFSI  (Banking, Financial Services, & Insurance), Healthcare, Government, and IT. In the email security market, the BFSI (Banking, Financial Services, & Insurance) sector is the dominant industry. This is largely due to the highly sensitive nature of financial data and the increasing volume of cyber threats targeting financial institutions. With the rise of phishing attacks, data breaches, and email fraud, BFSI organizations prioritize email security to safeguard client information, prevent financial fraud, and comply with stringent regulatory requirements like GDPR and PCI DSS.

Email Security Market, By Geography

• North America
• Europe
• Asia Pacific
• Rest of the World

Based on Geography, the Global Email Security Market is classified into North America, Europe, Asia Pacific, and the Rest of the World. In the global email security market, North America is the dominant region. This is driven by the high prevalence of cyber threats, phishing attacks, and data breaches targeting businesses and individuals in the region. North America is home to many large enterprises, financial institutions, and government agencies that require robust email security solutions to protect sensitive data and maintain regulatory compliance.

Key Players

The “Global Email Security Market” study report will provide valuable insight with an emphasis on the global market.  The major players in the market are Cisco Systems, Inc., Fortinet, Symantec Corporation, McAfee, Inc., Dell, Inc., Mimecast, BAE System, Aviva, Sophos Group plc, Egress Software, Entrust Datacard., and KnowBe4.

Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.

Global Email Security Market Key Developments

• In April 2024, KnowBe4 announced that it had signed an agreement to buy Egress, a 17-year-old startup that provides AI-powered email security. The planned acquisition of Egress will combine the vendor’s email security technology, like as anti-phishing capabilities, with KnowBe4’s widely used security training platform, the business stated.
• In September 2023, Aviva (AV. L) agreed to buy AIG’s (AIG.N) UK life insurance unit for 460 million pounds ($563 million) the largest acquisition to date by the British insurer’s CEO Amanda Blanc.

Report Scope

Research Methodology of Verified Market Research:

To know more about the Research Methodology and other aspects of the research study, kindly get in touch with our Sales Team at Verified Market Research.

Reasons to Purchase this Report

• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
• Provision of market value (USD Billion) data for each segment and sub-segment
• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
• Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis
• Provides insight into the market through Value Chain
• Market dynamics scenario, along with growth opportunities of the market in the years to come
• 6-month post-sales analyst support

Customization of the Report

• In case of any Queries or Customization Requirements please connect with our sales team, who will ensure that your requirements are met.