Global E-Mail Encryption Market to Expand at 23.47% CAGR from 2016 to 2020 owing to Increasing Cases of Data Theft

Published Date : Apr 18, 2016

ALBANY, New York, April 12, 2016- has announced the addition of a recent report, titled ‘Global E-Mail Encryption Market 2016-2020,’ to its online repository. According to the report, the global e-mail encryption market is expected to expand at a 23.47% CAGR during the period between 2016 and 2020 due to factors such as the increasing occurrence of data theft and unauthorized access to personal information.

E-mails have become one of the most important modes of communication among people, especially in formal settings such as the corporate sector. A number of wireless and wired networks are utilized to transmit data in an organization. Confidential data of any organization is usually exchanged via e-mails over various networks. These networks can be exposed to malware attacks. As e-mails exchange an organization’s confidential information, the demand for email encryption solutions has been increasing in the recent past. E-mail encryption solutions prevent data manipulation or theft and thus help in smooth transfer of information from one location to another.

Over the past few years, there have been increasing cases of data manipulation and data theft. This has led to the growing demand for data encryption services across the globe. E-mail encryption includes the use of public-key cryptography, a method that is used to encrypt messages. The encrypted messages and data are then decrypted by using a private key. This prevents data loss and also prevents unauthorized access to personal information. With the increasing number of organizations, there has been an increase in the number of business emails and e-mail accounts. The business e-mail traffic has been growing year after year, inviting more data fraud and unauthorized access. This will lead to high demand for e-mail encryption services in the coming years.

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By geography, the global e-mail encryption market is divided into the Americas, Asia Pacific, and EMEA. McAfee, Zix, Symantec, Proofpoint, Cisco Systems, Axway Tumbleweed, BAE Systems, Cryptzone, Dell Sonicwall, Echoworx, Egress Software Technologies, Entrust, Erado, and Greenview Data are some of the prominent players operating in the global e-mail encryption market. The increasing adoption of cloud-based services has led to the growth in demand for data encryption services, which is expected to propel the global e-mail encryption market in the years to come. However, the high total cost of ownership of data encryption and e-mail encryption solutions is expected to be the biggest challenge for the global e-mail encryption market in the next few years.

The emergence of integrated security solutions is predicted to contribute towards the growth of the global e-mail encryption market in the next few years. New research methodologies and research and development techniques are expected to assist leading players in introducing new e-mail encryption methods and solutions. With new e-mail encryption methods and solutions, the global e-mail encryption market is predicted to be highly competitive for new entrants in the coming years.

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