Email Encryption Market to Exceed US$ 2.74 Bn by 2023

Email Encryption Market to Exceed US$ 2.74 Bn by 2023

Press Release Comments Off on Email Encryption Market to Exceed US$ 2.74 Bn by 2023

According to a new market report published by Credence Research Inc., “Email Encryption  Market (By End-use (Information Technology and Telecom, Government, Banking, Financial Services and Insurance, Defense and Intelligence, Retail, Healthcare, and Others (Aerospace, Manufacturing, etc), By Deployment (On-demand and On-premise)) – Growth, Share, Opportunities, Competitive Analysis, and Forecast 2016 – 2023”, the email encryption market is expected to expand at a CAGR of 22.7% between the forecast period 2016 – 2023.

Browse the full Email Encryption (By End-use (Information Technology and Telecom, Government, Banking, Financial Services and Insurance, Defense and Intelligence, Retail, Healthcare, and Others (Aerospace, Manufacturing, etc), By Deployment (On-demand and On-premise)) Market – Growth, Share, Opportunities, Competitive Analysis, and Forecast 2016 – 2023 report at http://www.credenceresearch.com/report/email-encryption-market

Market Insights:

E-mails represent one of the most popular and convenient medium of communication for businesses to interact with their clients and employees. However, e-mails are highly vulnerable to malware attacks and fraudulent activities. Thus, business enterprises across verticals and globe are investing large amounts in web security and email encryption solutions. E-mail encryption safeguards the content of an e-mail from external interception. Thus, only the intended recipient is able to read e-mail. The growing trend towards use of personal devices for office related work has bolstered the use of wireless technologies, thereby augmenting possibilities of malware attacks. This has led enterprises to adopt BYOD policies, which, in turn has been instrumental in driving adoption of email encryption solutions.

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Competitive Insights:

The global email encryption market is highly competitive and technology driven. The top four players in the global email encryption market account for less than 45% of the market revenue. Some of the leading players identified in the email encryption market include McAfee, Inc. (the U.S.), Cisco Systems, Inc (the U.S.), Symantec Corporation (the U.S.), Proofpoint (the U.S.), and Zix Corporation (the U.S.). Other promising and emerging players identified and profiled in the report include Trend Micro, Inc., Hewlett Packard, Sophos Ltd., Entrust, Inc., Microsoft Corporation, Egress Software Technologies, and WatchGuard Technologies among others. The market being technology driven, intensity of competition is high and is expected to remain same throughout the forecast period. The established players are required to come-up with innovative solutions in order to stay ahead of the competition. In addition, inorganic expansion through strategic acquisitions and partnerships is expected to help leading players to sustain their market dominance in the coming years.

Browse the full report at http://www.credenceresearch.com/report/email-encryption-market

Key Trends:

Increased Email Threats

Growing trend towards multi-factor authentication for email encryption

Increasing use of Bio-metrics technology for email encryption

Demand for integrated security solutions

Growing adoption among small- and mid-sized business enterprises

About Us:

Credence Research is a worldwide market research and counseling firm that serves driving organizations, governments, non-legislative associations, and not-for-benefits. We offer our customers some assistance with making enduring enhancements to their execution and understand their most imperative objectives. Over almost a century, we’ve manufactured a firm extraordinarily prepared to this task.

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