Email Security Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032
Growth Factors of Email Security Market
The email security market size was valued at USD 28.61 billion in 2023, and the market is now projected to grow from USD 33.04 billion in 2024 to USD 60.17 billion by 2032, exhibiting a CAGR of 6.3% during the forecast period of 2024-2032.
The COVID-19 pandemic created significant opportunities on the email security market growth as curbing coronavirus outbreak was prioritized. Furthermore, faraway operating from mobile devices increased because of an ever-increasing quantity of users shifting to cloud-primarily based workspaces. This element has multiplied the cyber fraud dangers revolving around cloud-primarily based e-mail safety solutions for the duration of the pandemic scenario.
The email security market share globally has been contributed due to the rising malware, phishing activity, and cyber-attacks. Cyberattackers have multiplied the scope of their assaults. They are developing revolutionary techniques for stealing identities, consisting of developing external domains with faux URLs and e-mail header domains. Also, they interact in attacks that combine email and cloud-based accounts or use outbound mail as a bot, which threatens an enterprise’s popularity.
Furthermore, there’s been a notable trend of increasing adoption of cloud-based solutions. With growing phishing assaults, the shift in the direction of cloud-based e-mail solutions continues. The protection and chance control leaders started to assess the abilities offered with the aid of cloud-primarily based electronic mail systems to make certain they could defend against phishing, malware, and ransomware assaults.
Comprehensive Analysis of Video Conferencing Market
The email security market and information and communication technology industry are rising at an exponential rate due to its market segmentation. This market expansion effectively provides a detailed regional assessment considering the dominant supply and demand forces that impact the information and communication technology industry. These segmentations are methodically segregated by types of deployment, and application. The deployment types include, hybrid, cloud, and on-premises. However, the application is such as BFSI, Government, Healthcare, Media & Entertainment, IT & Telecom, and Others (Retail, Defense, etc.).
The North American region is conducive to the global email security market, leading to a recall of USD 1.40 billion owing to increasing adoption of mobile devices. North America held the most important market percentage, attributable to the increasing adoption of cellular gadgets among businesses, stringent guidelines, and the introduction of cloud-primarily based email security answers. Moreover, because of the pandemic's spike in phishing and e-mail rip-off fees, groups inside the place have elevated their interest in safeguarding exclusive records stored on email servers. The top players in the market play a crucial role in the information and communication technology industry assuring industrial prospectus growth and setting market standards. These players include, 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.), and Intermedia.net, Inc. (U.S.) these market players provide a level-playing competitive landscape.
In January 2024, Stellar Cyber formed a partnership with Proofpoint, a cybersecurity and compliance enterprise, to provide e-mail protection answers for SecOps teams using Stellar Cyber’s Open XDR platform.
Segmentation Table
Attribute Details
Study Period 2019-2032
Base Year 2023
Forecast Period 2024-2032
Historical Period 2019-2022
Growth Rate CAGR of 11.0% from 2024 to 2032
Unit Value (USD Billion)
Segmentation By Deployment
Cloud
On-premises
Hybrid
By Application
BFSI
Government
Healthcare
IT & Telecom
Media & Entertainment
Others (Retail, Defense)
By Region
North America (By Deployment, By Application, and By Country)
- U.S.
- Canada
- Mexico
South America (By Deployment, By Application, and By Country)
- Brazil
- Argentina
- Rest of South America
Europe (By Deployment, By Application, and By Country)
- U.K.
- Germany
- France
- Italy
- Spain
- Rest of Europe
Middle East & Africa (By Deployment, By Application, and By Country)
- GCC
- South Africa
- Rest of the Middle East & Africa
Asia Pacific (By Deployment, By Application, and By Country)
China
Japan
India
Southeast Asia
Rest of Asia Pacific
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