Email Encryption Market

The global Email Encryption market is expected to increase from USD 6.2 billion in 2023 to USD 16.3 billion by 2028, at a CAGR of 21.3% over the forecast period. Several important drivers are driving the email encryption industry, including a significant increase in email data breaches, tightening regulatory rules and data protection mandates, an increase in the number of BEC scams and spear phishing attacks, and ongoing innovation in encryption technologies.

The growth of the email encryption market is driven by several key factors:

• Increasing Cybersecurity Threats
• Stringent Regulatory Requirements
• Adoption of Cloud-Based Services
• Remote Work Trends
• Data Privacy Concerns
• Integration with Advanced Security Solutions
• Technological Advancements
• Cost of Data Breaches
• Industry-Specific Requirements
• Rising Mobile Device Usage
• Growing Adoption of BYOD Policies
• Expansion of Digital Transformation

To know about the assumptions considered for the study download the pdf brochure

1. Increasing Cybersecurity Threats: Rising incidents of data breaches, phishing attacks, and cyber espionage highlight the need for robust email encryption to protect sensitive information.
2. Stringent Regulatory Requirements: Compliance with regulations such as GDPR, HIPAA, and CCPA mandates organizations to implement email encryption to ensure data privacy and security.
3. Adoption of Cloud-Based Services: The growing use of cloud-based email services like Microsoft 365 and Google Workspace necessitates enhanced security measures, driving the demand for cloud-native email encryption solutions.
4. Remote Work Trends: The shift towards remote and hybrid work models has increased the reliance on email communication, leading to a higher demand for secure email encryption to protect distributed data.
5. Data Privacy Concerns: Growing awareness and concerns over data privacy among consumers and businesses push organizations to adopt email encryption to safeguard personal and confidential information.
6. Integration with Advanced Security Solutions: The integration of email encryption with other cybersecurity tools, such as data loss prevention (DLP) and secure access solutions, enhances overall security posture and drives adoption.
7. Technological Advancements: Innovations in encryption technologies, such as AI/ML-driven threat detection and quantum-resistant encryption, provide more robust and efficient security solutions, encouraging market growth.
8. Cost of Data Breaches: The high financial and reputational costs associated with data breaches incentivize organizations to invest in email encryption as a preventive measure.
9. Industry-Specific Requirements: Certain industries, such as healthcare, finance, and legal, have stringent security requirements for handling sensitive data, leading to increased adoption of email encryption.
10. Rising Mobile Device Usage: The proliferation of mobile devices for business communications necessitates secure email encryption solutions to protect data on mobile platforms.
11. Growing Adoption of BYOD Policies: The adoption of Bring Your Own Device (BYOD) policies in organizations increases the need for secure email encryption to protect data accessed and transmitted through personal devices.
12. Expansion of Digital Transformation: As organizations undergo digital transformation, the need to secure digital communications, including emails, becomes critical, fueling the demand for email encryption solutions.

Email Encryption Market Share - Global Industry Landscape

Some of the leading companies in the Email Encryption industry include:

• SSH Communication (Finland)
• Retarus (Germany)
• Paubox (US)
• PreVeil (US)

SSH Communications Security (Finland):

• Market Share: Publicly available data on SSH Communications Security's specific market share is limited. However, they are a well-respected company in the Secure Shell (SSH) protocol space.
• Key Offering: SSH develops and sells SSH access management solutions that secure remote connections and data transfers for enterprises. Their flagship product is SSH Tectia, a suite of tools for secure file transfer, access control, and vulnerability management.

Retarus (Germany):

• Market Share: While an exact market share is difficult to pinpoint, Retarus is considered a significant player in the secure communication and electronic messaging space.
• Key Offering: Retarus offers a cloud-based communication platform for secure and reliable communication channels, including email, fax, SMS, and EDI (Electronic Data Interchange). They focus on ensuring data security and compliance for businesses.

Paubox (US):

• Market Share: Precise market share data is not readily available for Paubox. However, they are a recognized provider in the secure email space.
• Key Offering: Paubox specializes in email encryption solutions that ensure HIPAA, GDPR, and other compliance requirements are met during email communication. Their products encrypt emails automatically without requiring any action from the sender or recipient.

PreVeil (US):

• Market Share: Similar to Paubox, publicly available market share data for PreVeil is limited. However, they are a notable company in the secure email space.
• Key Offering: PreVeil offers cloud-based email encryption solutions that focus on user privacy and data security. Their platform allows secure email communication even if the recipient doesn't have special software.

Related Reports:

Email Encryption Market by Offering (Solution and Services), Deployment (On-premises and cloud), Vertical (BFSI, healthcare, government, IT & ITeS, telecommunications, manufacturing, retail & eCommerce) and Region - Global Forecast to 2028