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

Drivers

Growing Adoption of Cloud-Based Solutions 

• The transition to cloud-based email solutions is increasing due to a rise in phishing attacks. Security and risk management leaders have started assessing the capabilities of cloud-based email systems to withstand phishing, malware and ransomware threats. Organizations are also moving to cloud-based mailbox services and shifting from on-premises servers to cloud servers.  

Growing Prevalence of Cyberattacks 

• The scope of attacks by cyber-attackers has been broadened. They're coming up with new methods to rob identities, including phony domain names created externally and need independence on URL sites and email header domains. These attackers also engage in attacks that combine email and cloud-based accounts or use outbound mail as a bot which threatens the reputation of a company. 

Restraints 

Lack of Awareness about Email Security Solutions 

• Most organizations cannot implement a basic electronic mail security infrastructure in order to conduct normal business activity. Besides, weak IT infrastructure and lack of organizational foresight affect the processes, business and the end-user. With an increase in the amount and effectiveness of these attacks, coupled with cloud migration, it has forced security control teams to revisit their email security controls. 

Evolving Threat Landscape 

• The constantly transforming threat landscape is one of the most challenging difficulties in email security. Cybercriminals are continuously creating more complicated strategies like phishing, spear-phishing, ransomware, and business email compromise (BEC). Such attacks can often escape conventional email security filters by using social engineering techniques or advanced malware.