North America 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 North America Email Encryption Market would witness market growth of 18.4% CAGR during the forecast period (2021-2027). The method to encrypt email messages with public and private keys in order to protect crucial information which can only be seen by the desired recipient is known as email encryption.
As the number of cyber-attacks and crimes is increasing day by day, users need to secure & encrypt the conversations over emails in order to protect confidential information such as social security number, login credentials, and bank account number – from hackers, as this may result in the loss of several precious assets.
The encryption method makes the emails’ content unreadable during the transmission of email from the origin to its destination, which secures the content from any individual or a hacker. The demand for email encryption in order to secure confidential information from any third party, invalid sources, or hackers has been increased due to the growing adoption and utilization of emails for government, corporate, and personal communication between individuals, businesses, or government agencies. The need for email encryption among different business companies has increased due to the spike in cases of loss of information, assets, and data because of cyber-attacks and threats like viruses, malware, and spam.
The US market dominated the North America Email Encryption Services Market by Country 2020, thereby, achieving a market value of $990.8 million by 2027. The Canada market is experiencing a CAGR of 23.8% during (2021 - 2027). Additionally, The Mexico market would witness a CAGR of 22.7% 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 U.S., Mexico, Canada, and Rest of North America.
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 North America
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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