Table of Content

1 INTRODUCTION 32
1.1 INTRODUCTION TO COVID-19 32
1.2 COVID-19 HEALTH ASSESSMENT 32
FIGURE 1 COVID-19: GLOBAL PROPAGATION 32
FIGURE 2 COVID-19 PROPAGATION: SELECT COUNTRIES 33
1.3 COVID-19 ECONOMIC ASSESSMENT 34
FIGURE 3 REVISED GROSS DOMESTIC PRODUCT FORECASTS FOR SELECT G20 COUNTRIES IN 2020 34
1.3.1 COVID-19 ECONOMIC IMPACT?SCENARIO ASSESSMENT 35
FIGURE 4 CRITERIA IMPACTING GLOBAL ECONOMY 35
FIGURE 5 SCENARIOS IN TERMS OF RECOVERY OF GLOBAL ECONOMY 36
1.4 OBJECTIVES OF THE STUDY 37
1.5 MARKET DEFINITION 37
1.5.1 INCLUSIONS AND EXCLUSIONS 38
1.6 MARKET SCOPE 39
1.6.1 MARKET SEGMENTATION 39
1.6.2 REGIONS COVERED 39
1.6.3 YEARS CONSIDERED FOR THE STUDY 40
1.7 CURRENCY CONSIDERED 40
TABLE 1 UNITED STATES DOLLAR EXCHANGE RATES, 2018–2020 41
1.8 STAKEHOLDERS 41
1.9 SUMMARY OF CHANGES 42
2 RESEARCH METHODOLOGY 43
2.1 RESEARCH DATA 43
FIGURE 6 EMAIL ENCRYPTION MARKET: RESEARCH DESIGN 43
2.1.1 SECONDARY DATA 44
2.1.2 PRIMARY DATA 44
2.1.2.1 Breakup of primary profiles 45
2.1.2.2 Key industry insights 45
2.2 DATA TRIANGULATION 46
2.3 MARKET SIZE ESTIMATION 47
FIGURE 7 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 1 – SUPPLY-SIDE ANALYSIS 47
FIGURE 8 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 1 (SUPPLY SIDE) – REVENUE FROM SOLUTIONS AND SERVICES OF EMAIL ENCRYPTION VENDORS 47
FIGURE 9 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 2 - BOTTOM-UP (SUPPLY SIDE): COLLECTIVE REVENUE FROM ALL SOLUTIONS AND SERVICES OF EMAIL ENCRYPTION VENDORS 48
FIGURE 10 MARKET SIZE ESTIMATION METHODOLOGY: ILLUSTRATION OF COMPANY REVENUE ESTIMATION 49
FIGURE 11 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 3 – TOP-DOWN (DEMAND SIDE): SHARE OF EMAIL ENCRYPTION IN OVERALL INFORMATION TECHNOLOGY MARKET 50
FIGURE 12 MARKET SIZE ESTIMATION METHODOLOGY (DEMAND SIDE): EMAIL ENCRYPTION MARKET ESTIMATIONS THROUGH VERTICALS 51
2.4 IMPLICATION OF COVID-19 ON THE EMAIL ENCRYPTION MARKET 52
FIGURE 13 MARKET SIZE ESTIMATION METHODOLOGY: COVID-19 EMAIL ENCRYPTION MARKET 52
2.4.1 IMPACT OF COVID-19 PANDEMIC 53
2.5 MARKET FORECAST 54
TABLE 2 FACTOR ANALYSIS 54
2.6 COMPANY EVALUATION QUADRANT METHODOLOGY 55
FIGURE 14 COMPANY EVALUATION QUADRANT: CRITERIA WEIGHTAGE 55
2.7 STARTUP/SME EVALUATION QUADRANT METHODOLOGY 56
FIGURE 15 STARTUP/SME EVALUATION QUADRANT: CRITERIA WEIGHTAGE 56
2.8 ASSUMPTIONS FOR THE STUDY 57
2.9 LIMITATIONS OF THE STUDY 58
3 EXECUTIVE SUMMARY 59
FIGURE 16 EMAIL ENCRYPTION MARKET AND Y-O-Y GROWTH 60
FIGURE 17 GLOBAL EMAIL ENCRYPTION MARKET TO WITNESS A DECLINE IN GROWTH DURING THE FORECAST PERIOD 61
FIGURE 18 SEGMENTS WITH HIGH GROWTH RATES DURING THE FORECAST PERIOD 62
FIGURE 19 EMAIL ENCRYPTION MARKET: REGIONAL SNAPSHOT 63
FIGURE 20 GEOGRAPHIC DISTRIBUTION OF THE EMAIL ENCRYPTION MARKET,
2020 VS 2026 63
4 PREMIUM INSIGHTS 66
4.1 ATTRACTIVE OPPORTUNITIES IN THE EMAIL ENCRYPTION MARKET 66
FIGURE 21 INCREASING INSTANCES OF EMAIL PHISHING AND SPAMS TO DRIVE THE DEMAND FOR EMAIL ENCRYPTION 66
4.2 EMAIL ENCRYPTION MARKET, BY COMPONENT 66
FIGURE 22 SOLUTIONS SEGMENT TO ACCOUNT FOR A LARGER MARKET SHARE DURING THE FORECAST PERIOD 66
4.3 EMAIL ENCRYPTION MARKET, BY SERVICE 67
FIGURE 23 SUPPORT AND MAINTENANCE SERVICES SEGMENT TO ACCOUNT FOR A LARGER MARKET SHARE DURING THE FORECAST PERIOD 67
4.4 EMAIL ENCRYPTION MARKET, BY DEPLOYMENT MODE 67
FIGURE 24 CLOUD SEGMENT TO ACCOUNT FOR A LARGER MARKET SHARE DURING THE FORECAST PERIOD 67
4.5 EMAIL ENCRYPTION MARKET, BY ORGANIZATION SIZE 68
FIGURE 25 LARGE ENTERPRISES SEGMENT TO LEAD THE EMAIL ENCRYPTION MARKET DURING THE FORECAST PERIOD 68
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4.6 EMAIL ENCRYPTION MARKET, BY VERTICAL 68
FIGURE 26 BANKING, FINANCIAL SERVICES, AND INSURANCE SEGMENT TO LEAD THE EMAIL ENCRYPTION MARKET DURING THE FORECAST PERIOD 68
4.7 MARKET INVESTMENT SCENARIO 69
FIGURE 27 ASIA PACIFIC TO EMERGE AS THE BEST MARKET FOR INVESTMENT DURING THE FORECAST PERIOD 69
5 MARKET OVERVIEW 70
5.1 MARKET DYNAMICS 70
FIGURE 28 DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES: EMAIL ENCRYPTION MARKET 70
5.1.1 DRIVERS 71
5.1.1.1 Surge in BEC scams and spear-phishing attacks 71
FIGURE 29 NUMBER OF BUSINESS EMAIL COMPROMISE ATTACKS, 2017–2019 71
5.1.1.2 Stringent regulatory standards and data privacy compliances 72
5.1.1.3 Increasing number of email users globally 72
FIGURE 30 GLOBAL EMAIL USERS, 2017–2024 73
5.1.1.4 High cost accrued due to email attacks and breaches 73
FIGURE 31 AVERAGE COST OF DATA BREACH, 2014–2020 73
5.1.1.5 Rising concerns pertaining to loss of critical data 74
5.1.2 RESTRAINTS 74
5.1.2.1 High cost of email encryption solutions 74
5.1.2.2 Use of free, open-source, and pirated email encryption software 75
5.1.2.3 Frequent changes in government policies for data protection across different regions 75
5.1.3 OPPORTUNITIES 76
5.1.3.1 Shift from traditional email encryption tools to advanced email encryption solutions 76
5.1.3.2 High demand for cloud-based email encryption services 76
5.1.3.3 Increase in adoption of multi-cloud services 76
5.1.4 CHALLENGES 77
5.1.4.1 Lack of awareness related to email encryption among enterprises 77
5.1.4.2 Requirement of key management and verification solutions for encrypting keys 77
5.2 COVID-19-DRIVEN MARKET DYNAMICS 78
5.2.1 DRIVERS AND OPPORTUNITIES 78
FIGURE 32 EMAIL ENCRYPTION MARKET: CUMULATIVE GROWTH FROM DRIVERS 78
FIGURE 33 EMAIL ENCRYPTION MARKET: CUMULATIVE GROWTH FROM OPPORTUNITIES 79
5.2.2 RESTRAINTS AND CHALLENGES 80
FIGURE 34 EMAIL ENCRYPTION MARKET: CUMULATIVE DECLINE DUE TO RESTRAINTS AND CHALLENGES 80
5.2.3 CUMULATIVE GROWTH ANALYSIS 81
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5.3 VALUE CHAIN ANALYSIS 82
FIGURE 35 VALUE CHAIN ANALYSIS 82
5.4 ENCRYPTION ECOSYSTEM 83
FIGURE 36 EMAIL ENCRYPTION MARKET: COMPANY ECOSYSTEM 83
5.5 AVERAGE SELLING PRICE/PRICING MODEL, 2019-2020 84
FIGURE 37 2019-2020 AVERAGE SELLING PRICE MODEL 84
5.6 TECHNOLOGY ANALYSIS 85
5.6.1 ARTIFICIAL INTELLIGENCE AND MACHINE LEARNING 85
5.6.2 BIG DATA ANALYTICS 85
5.6.3 CLOUD 85
5.6.4 OTHER TECHNOLOGIES 85
5.7 REVENUE SHIFT – YC/YCC SHIFT 85
FIGURE 38 YC/YCC SHIFT 85
5.8 PATENT ANALYSIS 86
5.8.1 EMAIL ENCRYPTION PATENTS 86
TABLE 3 EMAIL ENCRYPTION PATENTS 86
5.9 PORTER’S FIVE FORCES MODEL ANALYSIS 88
FIGURE 39 EMAIL ENCRYPTION MARKET: PORTER’S FIVE FORCE ANALYSIS 88
5.9.1 THREAT OF NEW ENTRANTS 88
5.9.2 THREAT OF SUBSTITUTES 89
5.9.3 BARGAINING POWER OF SUPPLIERS 89
5.9.4 BARGAINING POWER OF BUYERS 89
5.9.5 INTENSITY OF COMPETITIVE RIVALRY 89
5.10 REGULATORY IMPLICATIONS 90
5.10.1 ADVANCED ENCRYPTION STANDARDS 90
5.10.2 FEDERAL INFORMATION PROCESSING STANDARDS 90
5.10.3 PAYMENT CARD INDUSTRY DATA SECURITY STANDARD 91
5.10.4 HEALTH INSURANCE PORTABILITY AND ACCOUNTABILITY ACT 91
5.10.5 GENERAL DATA PROTECTION REGULATION 91
5.10.6 GRAMM-LEACH-BLILEY ACT 91
5.11 ENCRYPTION ALGORITHMS 92
5.11.1 DATA ENCRYPTION STANDARD AND TRIPLE DATA ENCRYPTION STANDARD 92
5.11.2 ADVANCED ENCRYPTION STANDARD 92
5.11.3 AES-256 BIT ENCRYPTION 92
5.11.4 AES-128 BIT ENCRYPTION 92
5.11.5 XXTEA-128 BIT ENCRYPTION 92
5.11.6 RSA 92
5.11.7 BLOWFISH 92
5.11.8 TWOFISH 93
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5.12 USE CASES 93
5.12.1 VIRTRU PROVIDED PROTECTION FOR PROTECTED HEALTH INFORMATION AND OTHER SENSITIVE DATA IN EMAILS AND ATTACHMENTS 93
5.12.2 PROOFPOINT PROTECTED ETHAN ALLEN EMPLOYEES FROM EMAIL PHISIHING 93
5.12.3 FINANCIAL SERVICES CLIENT USED ZIX’S EMAIL ENCRYPTION 94
5.12.4 GROWTHPOINT APPROACHED MIMECAST TO HANDLE A COMPLEX COMMUNICATIONS CHALLENGE 94
5.12.5 PAUBOX’S SECURE EMAIL SOLUTIONS TO ENCRYPT ENABLED A NURSING AND REHAB CENTER TO PROTECT ITS SENSITIVE DATA OVER EMAIL 95
5.13 BEST PRACTICES IN THE EMAIL ENCRYPTION MARKET 96
TABLE 4 EMAIL ENCRYPTION: BEST PRACTICES 96
6 EMAIL ENCRYPTION MARKET, BY TYPE 97
6.1 INTRODUCTION 97
6.2 END-TO-END EMAIL ENCRYPTION 97
6.2.1 RISE IN CYBER SCHEMES TO URGE ENTERPRISES TO USE END-TO-END EMAIL ENCRYPTION SOLUTIONS 97
6.2.2 END-TO-END EMAIL ENCRYPTION: COVID-19 IMPACT 97
6.3 GATEWAY EMAIL ENCRYPTION 98
6.3.1 NEED TO PREVENT CYBERATTACKS OR FRAUDULENT CONTENT AND THE PRESENCE OF PROMINENT VENDORS TO BOOST THE DEMAND FOR GATEWAY EMAIL ENCRYPTION 98
6.3.2 GATEWAY EMAIL ENCRYPTION: COVID-19 IMPACT 98
6.4 BOUNDARY EMAIL ENCRYPTION 99
6.4.1 NEED FOR A FULLY SECURE PRIVATE EMAIL NETWORK TO PRESERVE CONFIDENTIAL EMAIL COMMUNICATION TO ACCELERATE THE ADOPTION OF BOUNDARY EMAIL ENCRYPTION SOLUTIONS 99
6.4.2 BOUNDARY EMAIL ENCRYPTION: COVID-19 IMPACT 99
6.5 HYBRID EMAIL ENCRYPTION 100
6.5.1 NEED FOR A SECURE EMAIL MESSAGE DELIVERY ACROSS HYBRID IT ENVIRONMENTS TO BOOST THE ADOPTION OF HYBRID EMAIL ENCRYPTION SOLUTIONS 100
6.5.2 HYBRID EMAIL ENCRYPTION: COVID-19 IMPACT 100
6.6 CLIENT PLUGINS 100
6.6.1 NEED FOR SECURE EMAIL COMMUNICATION AND COMPLIANCE TO REGULATIONS TO INCREASE THE DEMAND FOR CLIENT PLUGINS 100
6.6.2 CLIENT PLUGINS: COVID-19 IMPACT 100
7 EMAIL ENCRYPTION MARKET, BY COMPONENT 101
7.1 INTRODUCTION 102
FIGURE 40 SERVICES SEGMENT TO GROW AT A HIGHER CAGR DURING THE FORECAST PERIOD 102
TABLE 5 EMAIL ENCRYPTION MARKET SIZE, BY COMPONENT,
2014–2019 (USD MILLION) 102
TABLE 6 EMAIL ENCRYPTION MARKET SIZE, BY COMPONENT,
2020–2026 (USD MILLION) 102
TABLE 7 COMPONENTS: EMAIL ENCRYPTION MARKET SIZE, BY REGION,
2014–2019 (USD MILLION) 103
TABLE 8 COMPONENTS: EMAIL ENCRYPTION MARKET SIZE, BY REGION,
2020–2026 (USD MILLION) 103
7.2 SOLUTIONS 104
7.2.1 NEED TO SECURE HIGHLY SENSITIVE DATA AND THE PRESENCE OF EMINENT EMAIL ENCRYPTION SOLUTION VENDORS TO ACCELERATE THE ADOPTION OF EMAIL ENCRYPTION SOLUTIONS 104
7.2.2 SOLUTIONS: COVID-19 IMPACT 104
TABLE 9 SOLUTIONS: EMAIL ENCRYPTION MARKET SIZE, BY REGION,
2014–2019 (USD MILLION) 104
TABLE 10 SOLUTIONS: EMAIL ENCRYPTION MARKET SIZE, BY REGION,
2020–2026 (USD MILLION) 105
7.3 SERVICES 105
7.3.1 PROVISION OF TRAINING AND SUPPORT SERVICES TO FUEL THE DEMAND FOR EMAIL ENCRYPTION SERVICES 105
7.3.2 SERVICES: COVID-19 IMPACT 105
FIGURE 41 TRAINING AND EDUCATION SEGMENT TO GROW AT A HIGHER CAGR DURING THE FORECAST PERIOD 106
TABLE 11 SERVICES: EMAIL ENCRYPTION MARKET SIZE, BY TYPE,
2014–2019 (USD MILLION) 106
TABLE 12 SERVICES: EMAIL ENCRYPTION MARKET SIZE, BY TYPE,
2020–2026 (USD MILLION) 106
TABLE 13 SERVICES: EMAIL ENCRYPTION MARKET SIZE, BY REGION,
2014–2019 (USD MILLION) 107
TABLE 14 SERVICES: EMAIL ENCRYPTION MARKET SIZE, BY REGION,
2020–2026 (USD MILLION) 107
7.3.3 TRAINING AND EDUCATION 107
FIGURE 42 SECURITY AWARENESS TRAINING TO SIGNIFICANTLY REDUCE CYBERATTACK IMPACT 108
TABLE 15 TRAINING AND EDUCATION: EMAIL ENCRYPTION MARKET SIZE, BY REGION, 2014–2019 (USD MILLION) 108
TABLE 16 TRAINING AND EDUCATION: EMAIL ENCRYPTION MARKET SIZE, BY REGION, 2020–2026 (USD MILLION) 109
7.3.4 SUPPORT AND MAINTENANCE 109
TABLE 17 SUPPORT AND MAINTENANCE: EMAIL ENCRYPTION MARKET SIZE,
BY REGION, 2014–2019 (USD MILLION) 109
TABLE 18 SUPPORT AND MAINTENANCE: EMAIL ENCRYPTION MARKET SIZE,
BY REGION, 2020–2026 (USD MILLION) 110
8 EMAIL ENCRYPTION MARKET, BY DEPLOYMENT MODE 111
8.1 INTRODUCTION 112
FIGURE 43 CLOUD SEGMENT TO GROW AT A HIGHER CAGR DURING THE FORECAST PERIOD 112
TABLE 19 EMAIL ENCRYPTION MARKET SIZE, BY DEPLOYMENT MODE,
2014–2019 (USD MILLION) 112
TABLE 20 EMAIL ENCRYPTION MARKET SIZE, BY DEPLOYMENT MODE,
2020–2026 (USD MILLION) 112
TABLE 21 DEPLOYMENT MODE: EMAIL ENCRYPTION MARKET SIZE, BY REGION,
2014–2019 (USD MILLION) 113
TABLE 22 DEPLOYMENT MODE: EMAIL ENCRYPTION MARKET SIZE, BY REGION,
2020–2026 (USD MILLION) 113
8.2 CLOUD 114
8.2.1 CLOUD BENEFITS TO SURGE THE DEMAND FOR CLOUD-BASED EMAIL ENCRYPTION SOLUTIONS 114
FIGURE 44 SOFTWARE-AS-A-SERVICE ADOPTION AMONG ENTERPRISES 114
8.2.2 CLOUD: COVID-19 IMPACT 115
TABLE 23 CLOUD: EMAIL ENCRYPTION MARKET SIZE, BY REGION,
2014–2019 (USD MILLION) 115
TABLE 24 CLOUD: EMAIL ENCRYPTION MARKET SIZE, BY REGION,
2020–2026 (USD MILLION) 115
8.3 ON-PREMISES 116
8.3.1 LARGE ENTERPRISES’ NEED TO PROTECT AND CONTROL HIGHLY SENSITIVE DATA FROM EMAIL THREATS TO PROPEL THE DEMAND FOR ON-PREMISES EMAIL ENCRYPTION SOLUTIONS 116
8.3.2 ON-PREMISES: COVID-19 IMPACT 116
TABLE 25 ON-PREMISES: EMAIL ENCRYPTION MARKET SIZE, BY REGION,
2014–2019 (USD MILLION) 116
TABLE 26 ON-PREMISES: EMAIL ENCRYPTION MARKET SIZE, BY REGION,
2020–2026 (USD MILLION) 117
9 EMAIL ENCRYPTION MARKET, BY ORGANIZATION SIZE 118
9.1 INTRODUCTION 119
FIGURE 45 SMALL AND MEDIUM-SIZED ENTERPRISES SEGMENT TO GROW AT A HIGHER CAGR DURING THE FORECAST PERIOD 119
TABLE 27 EMAIL ENCRYPTION MARKET SIZE, BY ORGANIZATION SIZE,
2014–2019 (USD MILLION) 119
TABLE 28 EMAIL ENCRYPTION MARKET SIZE, BY ORGANIZATION SIZE,
2020–2026 (USD MILLION) 120
TABLE 29 ORGANIZATION SIZE: EMAIL ENCRYPTION MARKET SIZE, BY REGION,
2014–2019 (USD MILLION) 120
TABLE 30 ORGANIZATION SIZE: EMAIL ENCRYPTION MARKET SIZE, BY REGION,
2020–2026 (USD MILLION) 120
9.2 SMALL AND MEDIUM-SIZED ENTERPRISES 121
9.2.1 TO PREVENT HUGE FINANCIAL LOSSES CAUSED BY SOPHISTICATED CYBERATTACKS TO ACCELERATE THE DEMAND FOR EMAIL ENCRYPTION SOLUTIONS AMONG SMALL AND MEDIUM-SIZED ENTERPRISES 121
9.2.2 SMALL AND MEDIUM-SIZED ENTERPRISES: COVID-19 IMPACT 121
TABLE 31 SMALL AND MEDIUM-SIZED ENTERPRISES: EMAIL ENCRYPTION MARKET SIZE, BY REGION, 2014–2019 (USD MILLION) 121
TABLE 32 SMALL AND MEDIUM-SIZED ENTERPRISES: EMAIL ENCRYPTION MARKET SIZE, BY REGION, 2020–2026 (USD MILLION) 122
9.3 LARGE ENTERPRISES 122
9.3.1 LARGE BUSINESSES OR CRITICAL INDUSTRIES HOLDING A LARGE VOLUME OF PERSONALLY IDENTIFIABLE INFORMATION OR CONFIDENTIAL DATA TO ADOPT EMAIL ENCRYPTION SOLUTIONS AT A RAPID RATE 122
9.3.2 LARGE ENTERPRISES: COVID-19 IMPACT 123
TABLE 33 LARGE ENTERPRISES: EMAIL ENCRYPTION MARKET SIZE, BY REGION,
2014–2019 (USD MILLION) 123
TABLE 34 LARGE ENTERPRISES: EMAIL ENCRYPTION MARKET SIZE, BY REGION,
2020–2026 (USD MILLION) 123
10 EMAIL ENCRYPTION MARKET, BY VERTICAL 124
10.1 INTRODUCTION 125
FIGURE 46 HEALTHCARE VERTICAL TO GROW AT THE HIGHEST CAGR DURING THE FORECAST PERIOD 125
TABLE 35 EMAIL ENCRYPTION MARKET SIZE, BY VERTICAL, 2014–2019 (USD MILLION) 126
TABLE 36 EMAIL ENCRYPTION MARKET SIZE, BY VERTICAL, 2020–2026 (USD MILLION) 126
TABLE 37 VERTICAL: EMAIL ENCRYPTION MARKET SIZE, BY REGION,
2014–2019 (USD MILLION) 127
TABLE 38 VERTICAL: EMAIL ENCRYPTION MARKET SIZE, BY REGION,
2020–2026 (USD MILLION) 127
10.2 BANKING, FINANCIAL SERVICES, AND INSURANCE 128
10.2.1 NEED TO PROTECT HIGHLY SENSITIVE FINANCIAL INFORMATION AND THE ENFORCEMENT OF REGULATORY STANDARDS TO RAMP UP THE ADOPTION OF EMAIL ENCRYPTION 128
10.2.2 BANKING, FINANCIAL SERVICES, AND INSURANCE: COVID-19 IMPACT 128
TABLE 39 BANKING, FINANCIAL SERVICES, AND INSURANCE: EMAIL ENCRYPTION MARKET SIZE, BY REGION, 2014–2019 (USD MILLION) 128
TABLE 40 BANKING, FINANCIAL SERVICES, AND INSURANCE: EMAIL ENCRYPTION MARKET SIZE, BY REGION, 2020–2026 (USD MILLION) 129
10.3 GOVERNMENT AND DEFENSE 129
10.3.1 RISING PHISHING AND EMAIL ATTACKS ON GOVERNMENT AND DEFENSE BODIES TO BOOST THE ADOPTION OF EMAIL ENCRYPTION IN THE VERTICAL 129
10.3.2 GOVERNMENT AND DEFENSE: COVID-19 IMPACT 130
TABLE 41 GOVERNMENT AND DEFENSE: EMAIL ENCRYPTION MARKET SIZE, BY REGION, 2014–2019 (USD MILLION) 130
TABLE 42 GOVERNMENT AND DEFENSE: EMAIL ENCRYPTION MARKET SIZE, BY REGION, 2020–2026 (USD MILLION) 130
10.4 INFORMATION TECHNOLOGY AND INFORMATION TECHNOLOGY ENABLED-SERVICES 131
10.4.1 HIGH TECHNOLOGICAL ADVANCEMENTS TO PROPEL THE DEMAND FOR EMAIL ENCRYPTION IN THE IT AND ITES VERTICAL 131
10.4.2 INFORMATION TECHNOLOGY AND ITES: COVID-19 IMPACT 131
TABLE 43 IT AND ITES: EMAIL ENCRYPTION MARKET SIZE, BY REGION,
2014–2019 (USD MILLION) 131
TABLE 44 IT AND ITES: EMAIL ENCRYPTION MARKET SIZE, BY REGION,
2020–2026 (USD MILLION) 132
10.5 TELECOMMUNICATIONS 132
10.5.1 HIGH RATE OF EMAIL-BORNE ATTACKS AND DIGITAL TRANSFORMATION TO ACCELERATE THE DEMAND FOR EMAIL ENCRYPTION SOLUTIONS IN THE TELECOMMUNICATIONS VERTICAL 132
10.5.2 TELECOMMUNICATIONS: COVID-19 IMPACT 132
TABLE 45 TELECOMMUNICATIONS: EMAIL ENCRYPTION MARKET SIZE, BY REGION, 2014–2019 (USD MILLION) 133
TABLE 46 TELECOMMUNICATIONS: EMAIL ENCRYPTION MARKET SIZE, BY REGION, 2020–2026 (USD MILLION) 133
10.6 ENERGY AND UTILITIES 133
10.6.1 REGULATORY STANDARDS AND THE CONVERGENCE OF IT ON ENERGY AND UTILITIES’ SYSTEMS TO MAXIMIZE THE DEMAND FOR EMAIL ENCRYPTION SOLUTIONS 133
10.6.2 ENERGY AND UTILITIES: COVID-19 IMPACT 134
TABLE 47 ENERGY AND UTILITIES: EMAIL ENCRYPTION MARKET SIZE, BY REGION, 2014–2019 (USD MILLION) 134
TABLE 48 ENERGY AND UTILITIES: EMAIL ENCRYPTION MARKET SIZE, BY REGION, 2020–2026 (USD MILLION) 134
10.7 MANUFACTURING 135
10.7.1 LOSS OF SENSITIVE DATA AND THE NEED TO MAINTAIN SEAMLESS MANUFACTURING PROCESSES TO AMPLIFY THE DEMAND FOR EMAIL ENCRYPTION SOLUTIONS 135
10.7.2 MANUFACTURING: COVID-19 IMPACT 135
TABLE 49 MANUFACTURING: EMAIL ENCRYPTION MARKET SIZE, BY REGION,
2014–2019 (USD MILLION) 135
TABLE 50 MANUFACTURING: EMAIL ENCRYPTION MARKET SIZE, BY REGION,
2020–2026 (USD MILLION) 136
10.8 RETAIL AND ECOMMERCE 136
10.8.1 HUGE MONETARY TRANSACTIONS MADE VIA VISA, MASTERCARD,
AND OTHER PAYMENT PROCESSING NETWORKS TO DRIVE THE ADOPTION
OF EMAIL ENCRYPTION 136
10.8.2 RETAIL AND ECOMMERCE: COVID-19 IMPACT 136
TABLE 51 RETAIL AND ECOMMERCE: EMAIL ENCRYPTION MARKET SIZE, BY REGION, 2014–2019 (USD MILLION) 137
TABLE 52 RETAIL AND ECOMMERCE: EMAIL ENCRYPTION MARKET SIZE, BY REGION, 2020–2026 (USD MILLION) 137
10.9 HEALTHCARE 137
10.9.1 HIGH RATE OF PHISHING, RANSOMWARE, AND MALWARE CAMPAIGNS
AND GOVERNMENT REGULATIONS TO BOOST THE DEMAND FOR EMAIL ENCRYPTION AMONG HEALTHCARE ENTITIES 137
FIGURE 47 NUMBER OF BREACHES BY THREAT VECTOR, 2019 138
10.9.2 HEALTHCARE: COVID-19 IMPACT 138
TABLE 53 HEALTHCARE: EMAIL ENCRYPTION MARKET SIZE, BY REGION,
2014–2019 (USD MILLION) 139
TABLE 54 HEALTHCARE: EMAIL ENCRYPTION MARKET SIZE, BY REGION,
2020–2026 (USD MILLION) 139
10.10 OTHER VERTICALS 139
TABLE 55 OTHER VERTICALS: EMAIL ENCRYPTION MARKET SIZE, BY REGION,
2014–2019 (USD MILLION) 140
TABLE 56 OTHER VERTICALS: EMAIL ENCRYPTION MARKET SIZE, BY REGION,
2020–2026 (USD MILLION) 140
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11 EMAIL ENCRYPTION MARKET, BY REGION 141
11.1 INTRODUCTION 142
FIGURE 48 ASIA PACIFIC TO ACCOUNT FOR THE HIGHEST CAGR DURING THE FORECAST PERIOD 142
FIGURE 49 SINGAPORE TO ACCOUNT FOR THE HIGHEST CAGR DURING THE FORECAST PERIOD 143
FIGURE 50 NORTH AMERICA TO HAVE THE LARGEST MARKET SIZE DURING THE FORECAST PERIOD 143
FIGURE 51 ASIA PACIFIC TO BE THE HOTSPOT FOR INVESTORS DURING THE FORECAST PERIOD 144
TABLE 57 EMAIL ENCRYPTION MARKET SIZE, BY REGION, 2014–2019 (USD MILLION) 144
TABLE 58 EMAIL ENCRYPTION MARKET SIZE, BY REGION, 2020–2026 (USD MILLION) 144
11.2 NORTH AMERICA 145
11.2.1 NORTH AMERICA: EMAIL ENCRYPTION MARKET DRIVERS 145
11.2.2 NORTH AMERICA: COVID-19 IMPACT 145
11.2.3 NORTH AMERICA: REGULATORY LANDSCAPE 146
TABLE 59 NORTH AMERICA: REGULATIONS AND ASSOCIATIONS 146
FIGURE 52 NORTH AMERICA: MARKET SNAPSHOT 147
FIGURE 53 SERVICES SEGMENT TO GROW AT A HIGHER CAGR DURING THE FORECAST PERIOD IN NORTH AMERICA 147
TABLE 60 NORTH AMERICA: EMAIL ENCRYPTION MARKET SIZE, BY COMPONENT, 2014–2019 (USD MILLION) 148
TABLE 61 NORTH AMERICA: EMAIL ENCRYPTION MARKET SIZE, BY COMPONENT, 2020–2026 (USD MILLION) 148
TABLE 62 NORTH AMERICA: EMAIL ENCRYPTION MARKET SIZE, BY SERVICE,
2014–2019 (USD MILLION) 148
TABLE 63 NORTH AMERICA: EMAIL ENCRYPTION MARKET SIZE, BY SERVICE,
2020–2026 (USD MILLION) 148
TABLE 64 NORTH AMERICA: EMAIL ENCRYPTION MARKET SIZE, BY DEPLOYMENT MODE, 2014–2019 (USD MILLION) 149
TABLE 65 NORTH AMERICA: EMAIL ENCRYPTION MARKET SIZE, BY DEPLOYMENT MODE, 2020–2026 (USD MILLION) 149
TABLE 66 NORTH AMERICA: EMAIL ENCRYPTION MARKET SIZE, BY ORGANIZATION SIZE, 2014–2019 (USD MILLION) 149
TABLE 67 NORTH AMERICA: EMAIL ENCRYPTION MARKET SIZE, BY ORGANIZATION SIZE, 2020–2026 (USD MILLION) 149
TABLE 68 NORTH AMERICA: EMAIL ENCRYPTION MARKET SIZE, BY VERTICAL,
2014–2019 (USD MILLION) 150
TABLE 69 NORTH AMERICA: EMAIL ENCRYPTION MARKET SIZE, BY VERTICAL,
2020–2026 (USD MILLION) 150
FIGURE 54 NORTH AMERICA: COUNTRY-WISE ANALYSIS 151
TABLE 70 NORTH AMERICA: EMAIL ENCRYPTION MARKET SIZE, BY COUNTRY,
2014–2019 (USD MILLION) 151
TABLE 71 NORTH AMERICA: EMAIL ENCRYPTION MARKET SIZE, BY COUNTRY,
2020–2026 (USD MILLION) 151
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11.2.4 UNITED STATES 152
11.2.4.1 Rapid technological proliferation and rising email attacks to drive the growth of the email encryption market in the US 152
TABLE 72 UNITED STATES: EMAIL ENCRYPTION MARKET SIZE, BY COMPONENT,
2014–2019 (USD MILLION) 152
TABLE 73 UNITED STATES: EMAIL ENCRYPTION MARKET SIZE, BY COMPONENT,
2020–2026 (USD MILLION) 152
TABLE 74 UNITED STATES: EMAIL ENCRYPTION MARKET SIZE, BY SERVICE,
2014–2019 (USD MILLION) 153
TABLE 75 UNITED STATES: EMAIL ENCRYPTION MARKET SIZE, BY SERVICE,
2020–2026 (USD MILLION) 153
TABLE 76 UNITED STATES: EMAIL ENCRYPTION MARKET SIZE, BY DEPLOYMENT MODE, 2014–2019 (USD MILLION) 153
TABLE 77 UNITED STATES: EMAIL ENCRYPTION MARKET SIZE, BY DEPLOYMENT MODE, 2020–2026 (USD MILLION) 154
TABLE 78 UNITED STATES: EMAIL ENCRYPTION MARKET SIZE, BY ORGANIZATION SIZE, 2014–2019 (USD MILLION) 154
TABLE 79 UNITED STATES: EMAIL ENCRYPTION MARKET SIZE, BY ORGANIZATION SIZE, 2020–2026 (USD MILLION) 154
TABLE 80 UNITED STATES: EMAIL ENCRYPTION MARKET SIZE, BY VERTICAL,
2014–2019 (USD MILLION) 155
TABLE 81 UNITED STATES: EMAIL ENCRYPTION MARKET SIZE, BY VERTICAL,
2020–2026 (USD MILLION) 155
11.2.5 CANADA 156
11.2.5.1 Regulatory implications and a surge in email fraud campaigns to boost the demand for email encryption solutions in Canada 156
TABLE 82 CANADA: EMAIL ENCRYPTION MARKET SIZE, BY COMPONENT,
2014–2019 (USD MILLION) 156
TABLE 83 CANADA: EMAIL ENCRYPTION MARKET SIZE, BY COMPONENT,
2020–2026 (USD MILLION) 156
TABLE 84 CANADA: EMAIL ENCRYPTION MARKET SIZE, BY SERVICE,
2014–2019 (USD MILLION) 157
TABLE 85 CANADA: EMAIL ENCRYPTION MARKET SIZE, BY SERVICE,
2020–2026 (USD MILLION) 157
TABLE 86 CANADA: EMAIL ENCRYPTION MARKET SIZE, BY DEPLOYMENT MODE,
2014–2019 (USD MILLION) 157
TABLE 87 CANADA: EMAIL ENCRYPTION MARKET SIZE, BY DEPLOYMENT MODE,
2020–2026 (USD MILLION) 157
TABLE 88 CANADA: EMAIL ENCRYPTION MARKET SIZE, BY ORGANIZATION SIZE,
2014–2019 (USD MILLION) 158
TABLE 89 CANADA: EMAIL ENCRYPTION MARKET SIZE, BY ORGANIZATION SIZE,
2020–2026 (USD MILLION) 158
TABLE 90 CANADA: EMAIL ENCRYPTION MARKET SIZE, BY VERTICAL,
2014–2019 (USD MILLION) 158
TABLE 91 CANADA: EMAIL ENCRYPTION MARKET SIZE, BY VERTICAL,
2020–2026 (USD MILLION) 159
?
11.3 EUROPE 159
11.3.1 EUROPE: EMAIL ENCRYPTION MARKET DRIVERS 160
11.3.2 EUROPE: COVID-19 IMPACT 160
11.3.3 EUROPE: REGULATORY LANDSCAPE 161
TABLE 92 EUROPE: REGULATIONS AND ASSOCIATIONS 161
FIGURE 55 SERVICES SEGMENT TO GROW AT A HIGHER CAGR DURING THE FORECAST PERIOD IN EUROPE 162
TABLE 93 EUROPE: EMAIL ENCRYPTION MARKET SIZE, BY COMPONENT,
2014–2019 (USD MILLION) 162
TABLE 94 EUROPE: EMAIL ENCRYPTION MARKET SIZE, BY COMPONENT,
2020–2026 (USD MILLION) 162
TABLE 95 EUROPE: EMAIL ENCRYPTION MARKET SIZE, BY SERVICE,
2014–2019 (USD MILLION) 163
TABLE 96 EUROPE: EMAIL ENCRYPTION MARKET SIZE, BY SERVICE,
2020–2026 (USD MILLION) 163
TABLE 97 EUROPE: EMAIL ENCRYPTION MARKET SIZE, BY DEPLOYMENT MODE,
2014–2019 (USD MILLION) 163
TABLE 98 EUROPE: EMAIL ENCRYPTION MARKET SIZE, BY DEPLOYMENT MODE,
2020–2026 (USD MILLION) 163
TABLE 99 EUROPE: EMAIL ENCRYPTION MARKET SIZE, BY ORGANIZATION SIZE,
2014–2019 (USD MILLION) 164
TABLE 100 EUROPE: EMAIL ENCRYPTION MARKET SIZE, BY ORGANIZATION SIZE,
2020–2026 (USD MILLION) 164
TABLE 101 EUROPE: EMAIL ENCRYPTION MARKET SIZE, BY VERTICAL,
2014–2019 (USD MILLION) 164
TABLE 102 EUROPE: EMAIL ENCRYPTION MARKET SIZE, BY VERTICAL,
2020–2026 (USD MILLION) 165
FIGURE 56 EUROPE: COUNTRY-WISE ANALYSIS 165
TABLE 103 EUROPE: EMAIL ENCRYPTION MARKET SIZE, BY COUNTRY,
2014–2019 (USD MILLION) 166
TABLE 104 EUROPE: EMAIL ENCRYPTION MARKET SIZE, BY COUNTRY,
2020–2026 (USD MILLION) 166
11.3.4 UNITED KINGDOM 166
11.3.4.1 Data protection directives and presence of key email encryption vendors to drive the market growth in the UK 166
TABLE 105 UNITED KINGDOM: EMAIL ENCRYPTION MARKET SIZE, BY COMPONENT, 2014–2019 (USD MILLION) 167
TABLE 106 UNITED KINGDOM: EMAIL ENCRYPTION MARKET SIZE, BY COMPONENT, 2020–2026 (USD MILLION) 167
TABLE 107 UNITED KINGDOM: EMAIL ENCRYPTION MARKET SIZE, BY SERVICE,
2014–2019 (USD MILLION) 167
TABLE 108 UNITED KINGDOM: EMAIL ENCRYPTION MARKET SIZE, BY SERVICE,
2020–2026 (USD MILLION) 167
TABLE 109 UNITED KINGDOM: EMAIL ENCRYPTION MARKET SIZE, BY DEPLOYMENT MODE, 2014–2019 (USD MILLION) 168
TABLE 110 UNITED KINGDOM: EMAIL ENCRYPTION MARKET SIZE, BY DEPLOYMENT MODE, 2020–2026 (USD MILLION) 168
TABLE 111 UNITED KINGDOM: EMAIL ENCRYPTION MARKET SIZE, BY ORGANIZATION SIZE, 2014–2019 (USD MILLION) 168
TABLE 112 UNITED KINGDOM: EMAIL ENCRYPTION MARKET SIZE, BY ORGANIZATION SIZE, 2020–2026 (USD MILLION) 168
TABLE 113 UNITED KINGDOM: EMAIL ENCRYPTION MARKET SIZE, BY VERTICAL,
2014–2019 (USD MILLION) 169
TABLE 114 UNITED KINGDOM: EMAIL ENCRYPTION MARKET SIZE, BY VERTICAL,
2020–2026 (USD MILLION) 169
11.3.5 GERMANY 170
11.3.5.1 Growing instances of frequent email threats and federal regulations to promote the email encryption market growth 170
TABLE 115 GERMANY: EMAIL ENCRYPTION MARKET SIZE, BY COMPONENT,
2014–2019 (USD MILLION) 170
TABLE 116 GERMANY: EMAIL ENCRYPTION MARKET SIZE, BY COMPONENT,
2020–2026 (USD MILLION) 170
TABLE 117 GERMANY: EMAIL ENCRYPTION MARKET SIZE, BY SERVICE,
2014–2019 (USD MILLION) 171
TABLE 118 GERMANY: EMAIL ENCRYPTION MARKET SIZE, BY SERVICE,
2020–2026 (USD MILLION) 171
TABLE 119 GERMANY: EMAIL ENCRYPTION MARKET SIZE, BY DEPLOYMENT MODE, 2014–2019 (USD MILLION) 171
TABLE 120 GERMANY: EMAIL ENCRYPTION MARKET SIZE, BY DEPLOYMENT MODE, 2020–2026 (USD MILLION) 171
TABLE 121 GERMANY: EMAIL ENCRYPTION MARKET SIZE, BY ORGANIZATION SIZE, 2014–2019 (USD MILLION) 172
TABLE 122 GERMANY: EMAIL ENCRYPTION MARKET SIZE, BY ORGANIZATION SIZE, 2020–2026 (USD MILLION) 172
TABLE 123 GERMANY: EMAIL ENCRYPTION MARKET SIZE, BY VERTICAL,
2014–2019 (USD MILLION) 172
TABLE 124 GERMANY: EMAIL ENCRYPTION MARKET SIZE, BY VERTICAL,
2020–2026 (USD MILLION) 173
11.3.6 FRANCE 173
11.3.6.1 BEC scams and adherence to regulatory compliances to boost the demand for the email encryption market in France 173
TABLE 125 FRANCE: EMAIL ENCRYPTION MARKET SIZE, BY COMPONENT,
2014–2019 (USD MILLION) 173
TABLE 126 FRANCE: EMAIL ENCRYPTION MARKET SIZE, BY COMPONENT,
2020–2026 (USD MILLION) 174
TABLE 127 FRANCE: EMAIL ENCRYPTION MARKET SIZE, BY SERVICE,
2014–2019 (USD MILLION) 174
TABLE 128 FRANCE: EMAIL ENCRYPTION MARKET SIZE, BY SERVICE,
2020–2026 (USD MILLION