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Global Cloud Email Security Software Market Size By Deployment Model, By Organisation Size, By End-User Industry, By Geographic Scope And Forecast


Published on: 2024-08-08 | No of Pages : 320 | Industry : latest updates trending Report

Publisher : MIR | Format : PDF&Excel

Global Cloud Email Security Software Market Size By Deployment Model, By Organisation Size, By End-User Industry, By Geographic Scope And Forecast

Cloud Email Security Software Market Size And Forecast

Cloud Email Security Software Market size was valued at USD 1.88 Billion in 2023 and is projected to reach USD 4.77 Billion by 2030, growing at a CAGR of 13.57% during the forecast period from 2024-2030.

Global Cloud Email Security Software Market Drivers

The growth and development of the Cloud Email Security Software Market is attributed to certain main market drivers. These factors have a big impact on how Cloud Email Security Software is demanded and adopted in different sectors. Several of the major market forces are as follows

  • Growing Cybersecurity Risks Organisations are giving email security first priority in order to safeguard confidential data, intellectual property, and personal information due to the frequency and sophistication of cyber threats.
  • Transition to Cloud-Based Solutions The adoption of cloud-based email security solutions has been fueled by the larger trend of enterprises shifting their activities to the cloud. Cloud-based solutions are easy to manage, flexible, and scalable.
  • Trends in Remote Work As remote and hybrid work models proliferate, the significance of protecting email and other communication channels has increased. Strong email security is more important than ever since more employees are accessing company emails from different devices and locations.
  • Regulatory Compliance Organisations are required by stringent data protection rules and compliance standards, like GDPR, HIPAA, and others, to put strong email security measures in place in order to protect sensitive data and guarantee compliance.
  • Growing Email-Based Assaults Organisations are investing in advanced email security solutions to detect and mitigate the increasing frequency of email-based threats, such as ransomware, phishing, and business email compromise (BEC) assaults.
  • Developments in Threat Intelligence To recognise and address dynamic cyber threats, cloud email security solutions frequently make use of machine learning algorithms and sophisticated threat intelligence. Proactive defence systems and real-time threat detection are made possible by this.
  • Awareness and Education Investing more in email security solutions is a result of businesses becoming more aware of the possible risks connected to email-based assaults. Additional significant causes include educating and training staff members on email security best practices.
  • Integration with Collaboration Tools With the growing popularity of platforms like Microsoft 365 and Google Workspace, it is imperative that email security solutions be integrated with collaboration tools and platforms.
  • Innovations by VendorsThe industry is expanding as a result of continuous advancements made by providers of email security solutions, such as the creation of sophisticated features, intuitive user interfaces, and extensive threat detection capabilities.

Global Cloud Email Security Software Market Restraints

The Cloud Email Security Software Market has a lot of room to grow, but there are several industry limitations that could make it harder for it to do so. It’s imperative that industry stakeholders comprehend these difficulties. Among the significant market limitations are

  • Data privacy and sovereignty concerns Due to data privacy and sovereignty considerations, some organizations, especially in specific industries or locations, may be hesitant to store sensitive email data in the cloud. Respecting local laws pertaining to data protection might be difficult.
  • Opposition to Cloud Adoption Despite the general trend towards cloud adoption, certain organizations may encounter opposition when attempting to migrate their email security infrastructure to the cloud, particularly those in highly regulated industries or those with legacy systems.
  • Integration Difficulties Certain organizations may encounter difficulties integrating their applications with their current on-premises security architecture. One potential barrier is the difficulty of combining cloud email security solutions with traditional systems.
  • Cost Concerns Although cloud solutions are scalable, certain organizations, especially smaller ones with tighter budgets, may find the expense of implementing and sustaining cloud email security services to be a problem.
  • Lack of Awareness Some companies might not be completely cognizant of the significance of sophisticated email security solutions, which leaves them ignorant of the dangers posed by email-based attacks. The adoption rate may decrease as a result of this.
  • Reliability and Downtime Concerns Cloud-based email security solutions may give rise to concerns among organizations over their dependability and the possibility of downtime. Concerns over service continuity may arise from a reliance on the Internet and cloud service providers.
  • Customization Challenges Adapting cloud-based email security solutions to match the specific requirements of some organizations may prove to be a challenge. For any business, a one-size-fits-all strategy might not be appropriate.
  • Reliance on Internet Connectivity Since cloud-based solutions depend on internet connectivity, businesses in areas with erratic or slow Internet connections may find it difficult to guarantee regular access to email security services.
  • The dynamic nature of cyber threats raises worries over the capacity of cloud email security systems to keep up with more complex and emergent attack vectors.
  • User Resistance and Training Staff members could object to new tool introductions or modifications to email security procedures. Sufficient training and change management are necessary to guarantee successful deployment and user acceptance.

Global Cloud Email Security Software Market Segmentation Analysis

The Global Cloud Email Security Software Market is Segmented on the basis of Deployment Model, Organisation Size, End-User Industry, and Geography.

Cloud Email Security Software Market, By Deployment Model

  • Public Cloud Scalability and flexibility are offered to organizations by email security solutions housed on public cloud infrastructure.
  • Private Cloud Using email security solutions on a dedicated, isolated private cloud is known as “Private Cloud” and is frequently used by enterprises with particular security and compliance needs.
  • Hybrid Cloud A hybrid cloud offers a balance between control and scalability by combining the deployment techniques of public and private clouds.

Cloud Email Security Software Market, By Organisation Size

  • Small and Medium-sized Enterprises (SMEs) Personalised solutions for smaller businesses, which often have less financial and resource constraints.
  • Large Enterprises All-inclusive and expandable solutions are made to handle the intricate security requirements of bigger businesses with plenty of email correspondence.

Cloud Email Security Software Market, By End-User Industry

  • BFSI (Banking, Financial Services, and Insurance) Industry-specific solutions catering to the particular security issues that financial institutions encounter.
  • Healthcare Products and services made to satisfy the industry’s strict standards for data security and compliance.
  • Telecommunications and IT Tailored email security solutions for the telecom and IT industries.
  • Government and Defence Usually with an emphasis on national security, these solutions are designed to meet the security requirements of government agencies and defense groups.
  • Retail and E-commerce Email security solutions that cater to the unique difficulties that retail and e-commerce companies have, such as fraud and phishing prevention.

Cloud Email Security Software Market, By Geography

  • North America Dedicated solutions that address the email security requirements of businesses in the region while taking local legal and regulatory considerations into account.
  • Europe Personalised solutions that handle data protection laws like GDPR for organizations operating in Europe.
  • Asia-Pacific Products made to address the particular email security issues in the region’s quickly expanding markets.
  • Latin America Tailored solutions taking into account local business customs and legal needs for enterprises in Latin American nations.
  • Middle East and Africa Email security solutions made to fit the unique requirements and legal frameworks of these regions’ businesses.

Key Players

The major players in the Cloud Email Security Software Market are

  • Mimecast
  • Proofpoint, Inc.
  • Barracuda Networks, Inc.
  • Cisco Systems, Inc.
  • Trend Micro Incorporated
  • Symantec Corporation
  • Microsoft Corporation
  • Google LLC
  • Fortinet, Inc.
  • Cloudflare, Inc.

Report Scope

REPORT ATTRIBUTESDETAILS
STUDY PERIOD

2020-2030

BASE YEAR

2023

FORECAST PERIOD

2024-2030

HISTORICAL PERIOD

2020-2022

UNIT

Value (USD Billion)

KEY COMPANIES PROFILED

Mimecast, Proofpoint, Inc., Barracuda Networks, Inc., Cisco Systems, Inc., Trend Micro Incorporated, Symantec Corporation, Microsoft Corporation.

SEGMENTS COVERED

By Deployment Model, By Organisation Size, By End-User Industry, By Geography

CUSTOMIZATION SCOPE

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