The Email Security Market is being driven by Increase in employee mobility
The Email Security Market is expected to grow at a CAGR of 14.2% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 6034.7 million. Financial institutions, healthcare sectors, and government organizations, due to their requirement for centralized, searchable historical data, are major adopters of cloud-based email security solutions. These solutions enable employees to access email data from any location and time zone, reducing costs and simplifying the management of increasing data volumes. Enterprises face challenges in handling vast amounts of data, including potential data loss. Cloud-based email security offers on-demand scalability, eliminating additional costs, and ensures data availability, allowing businesses to operate efficiently and securely.
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The market is segmented based on
According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows:
However, the market also witnesses some limitations, which are as follows:
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Market Scope |
|
Report Coverage |
Details |
Page number |
222 |
Base year |
2024 |
Historic period |
2019-2023 |
Forecast period |
2025-2029 |
Growth momentum & CAGR |
Accelerate at a CAGR of 14.2% |
Market growth 2025-2029 |
USD 6034.7 million |
Market structure |
market_structure.ucfirst |
YoY growth 2024-2025(%) |
11.8 |
Key countries |
US, Canada, Japan, Germany, South Korea, Italy, China, France, UK, India, US, UK, China, India, and Germany |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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In the realm of IT security, Email Security has emerged as a critical concern for organizations, safeguarding Mails against Viruses and Cyber threats. With the technological growth and BYOD adoption, Network security solutions have expanded to Endpoint protection, Integration with IT security systems, and Cloud-based services. The severity of attacks on Email Accounts necessitates the adoption of advanced Email Security products and providers, ensuring cybersecurity for productivity and workforce. Organizations must adhere to security standards to mitigate risks and maintain a robust Email Security posture.
The Email Security segment within the broader IT Services market encompasses organizations providing solutions for safeguarding business email systems against viruses, cyber threats, and unauthorized access. According to Technavio, the Global IT Consulting and Other Services Market, which includes Email Security providers, is projected to grow significantly due to several driving factors. One such factor is the increasing investments by governments in modernizing their IT infrastructure to address the scarcity of IT expertise among their workforce. Additionally, the market's expansion is fueled by the rising adoption of cloud services and the growing need for businesses to ensure data security.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
Technavio Research
Jesse Maida
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