Global Email Security Market is expected to grow at a significant CAGR is expected to be more than 5% as the scope and its applications are rising enormously across the globe.
Email security, as the name suggests, secures the content and access to an email service or account. It allows an organization and individual to secure the overall access to one or more email accounts. The key measures comprise desktop-based anti-virus/anti-spam applications, strong passwords, spam filters, and password rotations.
The factors that are playing a major role in the growth of email security market are growing availability of converged security solutions, increasing adoption of enhanced technology by manufacturers, rising demand for multiple security solutions, and the presence of developed IT infrastructure.
However, availability of open-source solution may restrain overall market growth in the years to come. Email security market is segmented based on product type, deployment mode, application, and region. Services and product are the product types that could be explored in email security in the forecast period. Email security products sector may account for the substantial market share of email security and is estimated to lead the overall market in the years to come.
Products comprise security appliances and email gateways & security. Managed email security, on-premise email security, and hosted email security are the deployment modes that could be explored in email security in the forecast period. The on-premise sector may account for the substantial market share of email security and is estimated to continue with its dominance in the years to come.
The market may be categorized based on applications such as media & entertainment, manufacturing, IT & telecommunication, government, and others that could be explored in the forecast period.
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Email security market is segmented geographically into Americas (North America, South America), Europe (Eastern Europe, Western Europe), Asia Pacific (India, China, Japan, New Zealand, and Australia), Middle East (UAE, Saudi, and Qatar), and Africa (South Africa).
Globally, North America may account for the substantial market share of email security and is estimated to lead the overall market in the years to come. The reason behind the overall market growth could be the presence of key manufacturers in this region. Europe and the Asia Pacific email security market are also estimated to have a positive influence on future growth. Europe is the second largest region with significant market share. Asia Pacific is estimated to grow at the highest CAGR in the forecast period. The key players of the email security market are Trend Micro, Cisco Systems, Symantec, Fortinet, Mcafee Inc., and Microsoft Corporation. These players are concentrating on inorganic growth to sustain themselves amidst fierce competition.
The Radiant Insights report covers the present scenario and the growth prospects of the global email security market for 2018-2022.