Scienza e Tecnologia
Development in Underlying Software Applications, Hardware Architectures to Drive Email Encryption Market at CAGR of 25% during Forecast Period - TMR Insights
ALBANY, N.Y. , Aug. 17, 2021 /PRNewswire/ --
The rise in the volume of email communication from the year 2000 until today that is susceptible to breach needs to be protected via email encryption for its intended use. The criticality of information mainly for business enterprises, government departments, and other organizations transmitted via email raised concerns to encrypt information to be used only by the intended recipient. In order to serve this, and with consistent technology add-ons, today, email encryption is a lucrative business. The email encryption market is projected to surpass the valuation of US$ 25.3 Bn by 2030.
There are several technological tools available to encrypt email messages. For instance, a personal email certificate is an email protection that digitally signs the sender's messages, thus, reducing the number of spam messages that can be sent using the former's name and email account. The digital signature appended allows the recipient to know if the message received was sent by the intended sender; spoofed messages will not have digital signatures to warn recipients of spam or malicious content.
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The pervasive use of email in business enterprises and other organizations led to the need of a robust email security solution. A number of prominent software companies is in the email encryption bandwagon is striving to improve current email encryption landscape. End-to-end encryption to safeguard privacy of sensitive information is one of the key focus areas for players in the email encryption market.
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The increasing deployment on cloud of major email applications that necessarily need the security layer is creating many opportunities in the email encryption market. According to the Cloud Adoption Risk Report of Skyhigh Networks, 83.3% email applications are already on the cloud. Email encryption enhances the privacy of data shared on the cloud. With estimations of cloud services to be a primary mode of deployment of email applications and email servers, the demand for email encryption is set to grow.
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According to the available data, 69% of businesses worldwide continue to use Windows 7, 5% use Windows 8, and 14% use Windows XP, which do not receive the support of Microsoft since 2014. The vulnerability of email to cyberattacks sent over predecessor operating systems necessitates messages within the mail to be encrypted to prevent business loses. A report by The Cybersecurity Imperative reports annual loses from cyberattacks averaging to
US$ 4.7 Mn in 2018, with more than one in 10 business enterprises incurring losses of over
US$ 10 Mn .
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