LAMEA 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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The Latin America, Middle East and Africa Email Encryption Market would witness market growth of 23.6% CAGR during the forecast period (2021-2027). With the help of an encryption key, email encryption aims to encrypt data and the information remains secure during the email communication. With a massive spike in email utilization for corporate and personal communication among individuals, confidential information can be accessed by invalid users.
This has motivated companies to install email encryption software in order to protect their data against losses and thefts. By adopting these solutions, companies become empowered to prevent cyber-threats and attacks like Business Email Compromise (BEC) attacks, spam, viruses, malware, zero-hour malware, and other intrusions that may put crucial company’s information and infrastructure at risk.
As the companies are aiming to adopt cloud in the upcoming years, the adoption of cloud has witnessed a massive rise. In addition, startups or small organizations are implementing cloud-based services more as compared to large enterprises. Data security is considered as the major aspect slowing down the adoption of cloud and public clouds among enterprises in the email encryption sector. Moreover, as public clouds share resources between users and depend highly on virtualization, these develop extra safety concerns for data access. Furthermore, several companies limit to implement the cloud due to insecurity of data in comparison to the protection offered by the private data centers. In spite of these concerns, the installation of the cloud is growing at a rapid pace owing to the advantages of flexibility and lower prices over the legacy systems.
The massive installation of the cloud would boost the demand for encryption by protecting the email data. Encryption can allow enterprises to leverage the advantages of the cloud and simultaneously facilitate data privacy.
The Brazil market dominated the LAMEA Retail & eCommerce Email Encryption Market by Country 2020, thereby, achieving a market value of $32.6 million by 2027. The Argentina market would witness a CAGR of 25.9% during (2021 - 2027). Additionally, The UAE market is experiencing a CAGR of 25% 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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Global Email Encryption Market is Predict to reach $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
- Saudi Arabia
- South Africa
- Rest of LAMEA
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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