The global email security market size was US$ 4.2 billion in 2021. The global email security market is forecast to grow to US$ 17.2 billion by 2030 by registering a compound annual growth rate (CAGR) of 17.4% during the forecast period from 2022 to 2030.
Organizations use email security to protect critical email information from cyberattacks, spam, virus assaults, denial of service attacks, and other sorts of harmful software. It explains how to safeguard sensitive data from unwanted access using an approach.
Factors Influencing the Market
The rising number of data breaches, social spam, and growing concerns about data malware are driving the growth of the email security market.
The increasing trend of Bring Your Own Device (BYOD) and the growing adoption of cloud-based software will propel the email security market forward.
The growing adoption of digitalized data and the growing number of online organizations will contribute to the growth of the email security market. Online organizations, mostly e-commerce websites like Amazon, are highly dependent on the internet. Moreover, they are more prone to cyberattacks, which increases the demand for email security.
Other businesses, such as BFSI and healthcare, are more profitable targets for hackers. Thus, the demand for email security is expected to increase from these segments. As a result, the email security market will grow rapidly during the study period.
COVID-19 Impact Analysis
In the midst of the COVID-19 pandemic, government bodies mandated the work from home policy. As internet usage grew, cybercrime cases grew steeply. Thus, the demand for email security also increased. Moreover, enterprises have become more attentive and have been focusing on safeguarding confidential data. Thus, the COVID-19 pandemic has had a positive impact on the global email security market.
Regional Analysis
North America is forecast to dominate the global email security market in terms of revenue. The growth of this market is attributed to the presence of prominent industry players, such as SAP SE, Microsoft Corporation, Cisco, Dell Inc., and Symantec Corporation. In addition, a growing number of fraudulent activities will contribute to the growth of the email security market. Further, the growing digital infrastructure will accelerate market growth in the coming years.
Asia-Pacific is forecast to hold the second-largest share email security market. The growth of the market is attributed to the growing healthcare, banking & financial segment in the region. Furthermore, an increasing number of SMEs in emerging economies like India and China will drive the market forward.
Growing digital transformation in the Asia Pacific will contribute to the growth of the market. Furthermore, the increasing cases of cyber crimes will fuel the growth of the Asia-Pacific email security market.
Competitors in the Market
Market Segmentation
The global email security market segmentation focuses on Component, Deployment, Industry Vertical, and Region.
By Component Type
By Deployment Type
By Industry Vertical
By Region
