Europe Email Encryption Market By Component (Solution and Services), By Organization Size (Large Enterprises and Small & Medium Enterprises), By Deployment Mode (On-premise and Cloud), By End User (BFSI, Retail & eCommerce, Telecom, IT & ITeS, Healthcare, Manufacturing, Government & Defense and Others), By Country, Growth Potential, Industry Analysis Report and Forecast, 2021 - 2027
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Market Report Description
The Europe Email Encryption Market would witness market growth of 19.2% CAGR during the forecast period (2021-2027). Email encryption aims to facilitate ethical conduct among employees within the company. It also safeguards various threats like financial losses through phishing, email scams, trojan, data theft, and BEC. Due to these aspects, many companies get encouraged to install email encryption software, hence creating lucrative growth opportunities for the solution segment in the email encryption market.
The utilization of emails to send and receive vital information is boosted by the rapid advancements in small and medium-sized industries. This is both beneficial as well as precarious. This is due to the fact that on-hand e-mails send crucial information rapidly wherein both parties – sender and receiver have the access to the data. This also makes such information prone to theft and manipulation. This, in turn, has boosted the demand for email encryption, wherein the email is converted into encrypted text and a private key assist to recover the information at the destination end from the cipher text.
The usage of email in small and medium scale industries in order to share information amongst its clients and employees has increased due to the penetration of email encryption technology. These emails frequently have sensitive information which requires safety against theft and manipulation. E-mail encryption is considered a technology that aids companies to safeguard their information from hackers. The process is termed as cryptography, which is utilized to safeguard the email in email encryption. Initially, the email (or plain text) is converted into encrypted content (cipher text) and a private key is utilized to recover the information from the cipher text at the terminal end.
The Germany market dominated the Europe Small & Medium Enterprises Email Encryption Market by Country 2020, thereby, achieving a market value of $285 million by 2027. The UK market is exhibiting a CAGR of 20.2% during (2021 - 2027). Additionally, The France market is poised to witness a CAGR of 22% during (2021 - 2027).
The On-premise market dominated the Russia Email Encryption Market by Deployment Mode 2020, growing at a CAGR of 17.9 % during the forecast period. The Cloud market is expected to witness a CAGR of 20.3% during (2021 - 2027).
Based on Component, the market is segmented into Solution and Services. Based on Organization Size, the market is segmented into Large Enterprises and Small & Medium Enterprises. Based on Deployment Mode, the market is segmented into On-premise and Cloud. Based on End User, the market is segmented into BFSI, Retail & eCommerce, Telecom, IT & ITeS, Healthcare, Manufacturing, Government & Defense and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Email Encryption Market Size will Hit $12.9 Billion by 2027, at a CAGR of 20.1%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include BAE Systems PLC, Sophos Group PLC (Thoma Bravo), Trend Micro, Inc., Cisco Systems, Inc., Broadcom, Inc., Micro Focus International PLC, Entrust Corporation (Thoma Bravo, LP), Trustifi, LLC, Proofpoint, Inc., and Mimecast Limited.
Scope of the Study
Market Segments Covered in the Report:
By Organization Size
- Large Enterprises
- Small & Medium Enterprises
By Deployment Mode
By End User
- Retail & eCommerce
- Telecom, IT & ITeS
- Government & Defense
- Rest of Europe
Key Market Players
List of Companies Profiled in the Report:
- BAE Systems PLC
- Sophos Group PLC (Thoma Bravo)
- Trend Micro, Inc.
- Cisco Systems, Inc.
- Broadcom, Inc.
- Micro Focus International PLC
- Entrust Corporation (Thoma Bravo, LP)
- Trustifi, LLC
- Proofpoint, Inc.
- Mimecast Limited
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