According to study, “Global
Email Encryption Market Size study, by Application (Disk Encryption,
File/Folder Encryption, Web Communication Encryption, Database Encryption,
Cloud Encryption, Others), by End-Use (Retail, IT and Telecom, Government &
publication, Healthcare, Defense & Aerospace, Manufacturing, Education,
BFSI), by Deployment Mode (On-Premises, Cloud Based) and Regional Forecasts
2018-2025”some of the major companies that are currently working in the global
email encryption market are IBM Corporation, Gemalto, Thales e-security, Egress
Software Technologies, Entrust Inc., Hewlett Packard, Dell Inc., Symantec, Symantec
Corp., Galaxkey, Mimecast, Cryptozone, Intermedia, WatchGuard Technologies, Trend
Micro, CISCO Systems Inc., Sophos Ltd., Virtru, Microsoft Corp., Micro Inc., McAfee
Inc., BAE Systems, Echoworx, ProofPoint, Lux Scientiae (Lux Sci), Cipher Cloud,
Zix Corp., PKWARE, DESLock+, Tutanota, Open-Xchange, SafeNet, Vormetric, ProtonMail.
E-mails signify one of the most popular or
convenient medium of communication for businesses to cooperate for clients &
employees. E-mails are vastly used for vulnerable to fraudulent activities and malware
attacks. Email encryptions of business endeavors investing in large amounts from
the web security providing the email encryption solutions. The E-mail encryption
defends the content of an e-mail from the external or the peripheral interception.
Thus, the intended recipient using encryption techniques are proficient to read
such e-mails. The inclination against the use of individual devices for the office
related work has boosted the use of wireless technologies which have expanded the
possibilities of malware attacks. Rise in use of encryption has led endeavors by
adopting the BYOD policies, which, in turn has influenced the driving adoption
of email encryption solutions.
Based on type, global email encryption market is
segmented into end-to-end email encryption, boundary email encryption, gateway
email encryption, client plug-in and hybrid email encryption. Based on
encryption algorithms, market is segmented into data encryption standard and
triple data encryption standard, AES-256 bit encryption, advanced encryption
standard, AES-128 bit encryption, RSA, XXTEA-128 bit encryption, two fish and blowfish.
In addition, based on application, market is segmented as disk encryption, web
communication encryption, file/folder encryption, database encryption, cloud
encryption and others.
Some of the major associated regulatory implications
are the advanced encryption standards, payment card industry data security
standard, federal information processing standards, general data protection
regulation, health insurance portability and accountability act and gramm-leach-bliley
act.
The global email encryption market is driven by the mandate
to comply with the data protection directives, followed by the rise in businesses
associated with email includes scams & spear phishing, mounting the privacy
regulations (HIPAA and PCI DSS), increase in demand over cloud-based services,
and the growing concerns for security. Apart from the major profits, some of
the major hindering factors include need of the key management or the verification
solutions used for encrypting the keys and the high cost of email encryption
solutions. Additionally, some of the new opportunities by use of multi-cloud
services and need to shift from the conventional encryption tools to the
advanced data security system.
Globally, the North American region accounted for the
major market share of total generating revenue due to difference in standards
privacy regulations in that region. Europe is also contributing to the high
share in the global market. Furthermore, Asia-Pacific region is expected to project
high growth rate over the calculated period 2018-2025 due to rise in use of IT
penetration in BFSI, healthcare, manufacturing and government sector. It is
expected that the global email encryption market to reach at US $ 27.90 billion,
by 2025.
For more information on the research
report, refer to below link:
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