Published Date: 12-May-2021
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According to a new report Global Email Encryption Market, published by KBV research, The Global Email Encryption Market size is expected to reach $12.9 billion by 2027, rising at a market growth of 20.1% CAGR during the forecast period.
The Solution market dominated the Global Email Encryption Market by Component 2020, growing at a CAGR of 19 % during the forecast period. The Services market is expected to witness a CAGR of 22.7% during (2021 - 2027).
The BFSI industry segment is highly regulated because it must adhere to various security requirements. There are various data security requirements for BFSI industries owing to the private and confidential data they manage. Several government regulations like Gramm-Leach-Bliley Act (GLBA), Personal Information Protection and Electronic Documents Act (PIPEDA), Federal Financial Institutions Examination Council (FFIEC), combined with standards, including PCI DSS and SOX, necessitate financial institutions to safeguard data from APTs, malware, phishing, and other advanced email attacks.
The North America market dominated the Global Email Encryption Market by Region 2020, growing at a CAGR of 18.4 % during the forecast period. The Europe market is experiencing a CAGR of 19.2% during (2021 - 2027). Additionally, The Asia Pacific market is poised to witness a CAGR of 22% during (2021 - 2027).
Full Report: https://www.kbvresearch.com/email-encryption-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of 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.
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