Email Security Market Size, Share, Growth Analysis, By Type(Boundary email encryption, end-to-end email encryption, gateway email encryption, hybrid email encryption), By Deployment(Cloud and on-premise), By Component(Solutions and services), By Region - Industry Forecast 2024-2031

North America accounted for the largest market share due to growing mobile device adoption by organizations, compliance regulations, and cloud-based email security solutions entering the scene. Additionally, the sudden rise in phishing and email scams during the pandemic has led businesses to pay more attention towards protection of sensitive data stored on email servers. The rapid growth of email security solutions is primarily due to the rise in demand for safeguarding enterprise information and infrastructure. Countries like United States and Canada is the hub of many major enterprise, financial institutions, and government assets all needing heavily robust email security solutions to secure sensitive data. 

The Asia Pacific region is dominating the email security market. This is because of the growing usage of Artificial Intelligence (AI) and sophisticated social engineering by cyber-attackers to carry out data theft through email phishing has been the highest in Asia Pacific. Moreover, firms in Asia Pacific remain increasingly vulnerable to a rising number of cyber threats because attackers exploit economic and create geopolitical disruptions. These factors are encouraging growth in electronic mail security options within the region. In 2022, IBM Security's annual XForce Threat Intelligence Index, the Asia Pacific region was the most attacked region accounting for 31% of all phishing attacks globally.