Email Encryption Market worth $16.3 billion by 2028 – Exclusive Report by MarketsandMarkets™>
– CISION (PR Newswire)
The future of email encryption is expected to involve several advancements and trends, including:
1) End-to-end encryption becoming more popular: This type of encryption ensures that only the intended recipient can access the email content, providing enhanced security and privacy.
2) Quantum-safe encryption: With the rise of quantum computing, there is a need for encryption algorithms that can resist attacks from quantum computers.
Quantum-safe encryption is being developed to address this concern.
3) Enhanced usability and integration with email clients: Email encryption solutions are aiming to provide a seamless user experience, making it easier for individuals and organizations to implement and use encryption in their email communication.
Integration with popular email clients will contribute to this goal.
4) Standardized protocols: The adoption of standardized protocols will facilitate interoperability between different email encryption solutions and improve overall security.
5) Compliance with changing laws: As data privacy regulations continue to evolve, email encryption solutions will need to adapt and ensure compliance with these laws to protect sensitive information.
Additionally, email security will be improved through advanced authentication techniques, such as multi-factor authentication, AI-driven security measures that can detect and respond to emerging threats in real-time, and increased user education to raise awareness about email security best practices.
According to a report by MarketsandMarkets™, the global Email Encryption Market is projected to experience significant growth, reaching USD 16) 3 billion by 2028) This growth is attributed to various factors, including the increase in email data breaches, rise in business email compromise (BEC) frauds and spear-phishing incidents, stringent government regulations and data privacy compliance, and advancements in encryption technology.
In terms of market segmentation, the healthcare industry is expected to have the highest compound annual growth rate (CAGR) due to the strict regulatory compliance demands for protecting patient data.
The on-premises deployment mode is anticipated to dominate the market, providing organizations with enhanced control and customization of their encryption infrastructure.
The Asia Pacific region is predicted to exhibit the highest CAGR during the forecast period, driven by rapid digital transformation, increased online communications, and growing business activities.
The region’s awareness of cybersecurity, prompted by rising cyberattacks and data breaches, also contributes to the demand for email encryption solutions.
Key players in the Email Encryption market include Fortinet, BAE Systems, Mimecast, Cisco, Proofpoint, Zoho, and many others.
These companies are continuously developing and improving their solutions to provide robust email security.
Overall, the Email Encryption market is experiencing growth and innovation to address the escalating need for secure email communication and compliance with data protection regulations.
Link: https://roboticulized.com/artificial-intelligence/2023/10/09/140029/email-encryption-market-worth-16-3-billion-by-2028-exclusive-report-by-marketsandmarkets/