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

Global Email Security Market size was valued at USD 7.1 Billion in 2022 and is poised to grow from USD 8.09 Billion in 2023 to USD 23.09 Billion by 2031, at a CAGR of 14% during the forecast period (2024-2031).

Several key trends and drivers are contributing to the healthy growth of the market. With the employee mobility on the rise, there is a greater requirement for secure remote access to emails that has aided in the growth of powerful email security solutions. Moreover, the trend of using cloud-based email services rather than traditional on-premises solutions has become widespread. Cost-effectiveness and flexibility have driven the adoption of open-source email security solutions, and e-mail encryption has also become increasingly popular. Additionally, these trends are likely to continue influencing the market post-COVID-19, with an increased emphasis on advanced threat protection (ATP), data loss prevention (DLP), cloud analytics, and user behaviour analytics.  

However, factors such as evolving threat landscape, email phishing attacks, and regulatory compliance are hindering the market growth. Organizations often face challenges in terms of evolving threats, so email security companies need to keep innovating and come up with solutions that can address the concerns or needs progressively. Email can be susceptible to various cyber threats, including viruses and malware, as well as phishing attacks. With the advancement of technology and adoption of BYOD concept, organizations are now increasingly using cloud-based email services. This means that it has become imperative for organizations to secure their emails, leading to the expansion of email security market growth. 

US Email Security Market is poised to grow at a sustainable CAGR for the next forecast year.