Global Email Encryption Market 2025-2035

Description

List of Tables

Global Email Encryption Market Size, Share & Trends Analysis by Deployment Type (On-Premise and Cloud-Based) By End-User (BFSI, Healthcare, Government & Defense, IT & Telecom, and Others) Forecast Period (2025-2035)

Industry Overview

Email encryption market was valued at $7.58 billion in 2024 and is projected to reach $65.76 billion by 2035, growing at a CAGR of 21.9% during the forecast period (2025-2035). Its key factors fueling this growth include increasing cyber threats, stringent regulatory compliance requirements, and the expanding adoption of cloud services. Other drivers include the growing need for data privacy, the rise of remote work, and the increasing volume of sensitive data being transmitted via email.

Market Dynamics

Escalating cyber threats and data breaches

As phishing, ransomware, and targeted email attacks increase in frequency and sophistication, organizations are prioritizing end-to-end and gateway email encryption to protect sensitive communications and intellectual property. This surge in threat activity is a primary demand driver for encryption solutions across enterprises and regulated sectors.

Regulatory compliance and data-privacy laws

Global and regional regulations (GDPR, HIPAA, financial-sector rules, and industry-specific privacy mandates) force organizations to secure data in transit and maintain audit trails. The need to demonstrate compliance-especially in healthcare, BFSI, and legal services-boosts enterprise adoption of robust email encryption platforms and managed services.

Cloud adoption, remote work, and modern collaboration workflows

Migration to cloud email platforms (e.g., Microsoft 365, Google Workspace), the expansion of remote/hybrid workforces, and increased third-party collaboration have raised the surface area for email exposure. Organizations are therefore investing in integrated, cloud-native encryption solutions and key management services that work seamlessly with modern mail and collaboration stacks. This trend is accelerating pay-per-use and SaaS-delivery models for encryption.

Market Segmentation

Based on the deployment type, the market is segmented into on-premise and cloud-based.
Based on the end-user, the market is segmented into BFSI, healthcare, government & defense, IT & telecom, and others.

Cloud-Based Segment to Grow at a Considerable Market Share

The cloud-based deployment segment holds the largest share among all segments, driven by the rapid digital transformation and widespread migration to cloud infrastructure across enterprises. Cloud-based solutions are increasingly favored over traditional on-premise models due to their scalability, cost efficiency, ease of integration with email service providers (such as Microsoft 365 and Google Workspace), and simplified management of encryption keys and certificates. This shift toward cloud-native architectures is especially evident in small and medium-sized enterprises (SMEs) and sectors adopting hybrid work models, where remote access and secure communication are paramount.

BFSI: A Key Segment in Market Growth

The BFSI sector is driving global email encryption market growth due to stringent regulatory requirements, high sensitivity of customer data, and increasing cyberattacks. Email remains a vulnerable channel for financial communications, making banks and financial firms leading adopters of end-to-end encryption solutions. The shift to digital and mobile-first banking has fuelled demand for advanced encryption technologies, with cloud-based services and open banking integrations expanding the attack surface. The growing threat of ransomware, phishing, and BEC scams has made encryption indispensable for BFSI cybersecurity strategies. The convergence of encryption with identity and access management, data loss prevention, and zero-trust architectures is enabling a holistic approach to data security.

Regional Outlook

The global email encryption market is further divided by geography, including North America (the US and Canada), Asia-Pacific (India, China, Japan, South Korea, Australia and New Zealand, ASEAN Countries, and the Rest of Asia-Pacific), Europe (the UK, Germany, France, Italy, Spain, Russia, and the Rest of Europe), and the Rest of the World (the Middle East & Africa, and Latin America).

North America Region to Hold a Substantial Growth Rate

In North America, the US dominates the global email encryption market with a major share, attributed to its advanced cybersecurity infrastructure, strong adoption of cloud technologies, and the presence of leading encryption solution providers. The US has established itself as the central hub for data protection innovation, driven by a robust regulatory framework, early technological adoption, and significant enterprise investments in digital security. The high incidence of cyber threats, phishing attacks, ransomware, and business email compromise (BEC) incidents across American organizations has heightened the demand for comprehensive email encryption solutions across both private and public sectors.

One of the key factors behind the US market's leadership is the country's stringent data protection and privacy regulations, including the Health Insurance Portability and Accountability Act (HIPAA), Sarbanes-Oxley Act (SOX), and Federal Information Security Management Act (FISMA), which mandate secure communication protocols for healthcare, financial, and government institutions. These laws compel organizations to adopt encryption technologies to ensure the confidentiality and integrity of sensitive information transmitted via email. Additionally, the implementation of frameworks such as NIST's Cybersecurity Framework and the California Consumer Privacy Act (CCPA) has further reinforced data protection standards, accelerating encryption deployment across industries.

The US also benefits from being home to major market players such as Microsoft Corporation, Cisco Systems, Proofpoint Inc., Broadcom Inc. (Symantec), Zix Corporation (now part of OpenText), Barracuda Networks, and Virtru, among others. These companies continuously invest in advanced encryption technologies that integrate with modern communication and collaboration tools. Their focus on cloud-based solutions, AI-driven threat detection, and automated key management systems has enabled US enterprises to implement scalable and cost-effective email encryption platforms. The growth of cloud service providers such as AWS, Microsoft Azure, and Google Cloud has further facilitated the adoption of encryption services across small, medium, and large enterprises. Moreover, the widespread remote and hybrid work culture in the post-pandemic era has accelerated the use of email as a primary communication channel, increasing the emphasis on protecting corporate and personal data from cyber threats. Sectors such as BFSI, healthcare, IT & telecom, and government agencies are leading adopters of encryption solutions in the U.S. market. The country's proactive cybersecurity initiatives, combined with growing awareness among enterprises about zero-trust security models, continue to sustain its leadership position.

Market Players Outlook

The major companies operating in the global email encryption market include Google, Cisco Systems, Inc., Broadcom, Fortinet, Mimecast, and Proofpoint, among others. Market players are leveraging partnerships, collaborations, mergers, and acquisition strategies for business expansion and innovative product development to maintain their market positioning.

Recent Development

In April 2025, Google introduced an end-to-end email encryption solution for Gmail, aimed at making encrypted communication more accessible to organizations of all sizes. The new solution addresses issues with traditional encryption methods, such as S/MIME, which are often viewed as too difficult to implement and maintain. Google's new approach removes the need for certificate exchange and proprietary plugins, allowing messages to be encrypted on the client side using keys managed by the organization. The encrypted email is automatically decrypted and displayed like any other message, while if the recipient uses another platform, Gmail sends a secure link to view the message in a restricted web-based environment. The new encryption feature also includes classification labels, default E2EE policies for sensitive teams, and improved data loss prevention rules.
In November 2024, Echoworx launched a Google Workspace add-on to improve email encryption for enterprises. The add-on is designed for the modern digital workforce, including Gen Z, and offers swift and secure encryption solutions. It simplifies deployment in resource-limited environments and ensures consistency across desktop and mobile platforms. Key benefits include easy encryption, policy-based security, streamlined integration, built-in security, enhanced user control, and a user-friendly interface. The add-on also offers a click-to-encrypt button for unauthorized access, built-in security, and enhanced user control.

The Report Covers:

Market value data analysis for 2024 and forecast to 2035.
Annualized market revenues ($ million) for each market segment.
Country-wise analysis of major geographical regions.
Key companies operating in the global email encryption market. Based on the availability of data, information related to new products and relevant news is also available in the report.
Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
Analysis of market-entry and market expansion strategies.
Competitive strategies by identifying 'who-stands-where' in the market.

Product Code: OMR2024064

1. Report Summary

Current Industry Analysis and Growth Potential Outlook
Global Email Encryption Market Sales Analysis - Deployment Type | End-User ($ Million)
Email Encryption Market Sales Performance of Top Countries
1.1. Research Methodology
Primary Research Approach
Secondary Research Approach
1.2. Market Snapshot

2. Market Overview and Insights

2.1. Scope of the Study
2.2. Analyst Insight & Current Market Trends
- 2.2.1. Key Email Encryption Market Trends
- 2.2.2. Market Recommendations
2.3. Porter's Five Forces Analysis for the Email Encryption Market
- 2.3.1. Competitive Rivalry
- 2.3.2. Threat of New Entrants
- 2.3.3. Bargaining Power of Suppliers
- 2.3.4. Bargaining Power of Buyers
- 2.3.5. Threat of Substitutes

3. Market Determinants

3.1. Market Drivers
- 3.1.1. Drivers For Global Email Encryption Market: Impact Analysis
3.2. Market Pain Points and Challenges
- 3.2.1. Restraints For Global Email Encryption Market: Impact Analysis
3.3. Market Opportunities
- 3.3.1. Opportunities For Global Email Encryption Market: Impact Analysis

4. Competitive Landscape

4.1. Competitive Dashboard - Email Encryption Market Revenue and Share by Manufacturers
Email Encryption Product Comparison Analysis
Top Market Player Ranking Matrix
4.2. Key Company Analysis
- 4.2.1. Google, LLC.
  - 4.2.1.1. Overview
  - 4.2.1.2. Product Portfolio
  - 4.2.1.3. Financial Analysis
  - 4.2.1.4. SWOT Analysis
  - 4.2.1.5. Business Strategy
- 4.2.2. Cisco Systems, Inc.
  - 4.2.2.1. Overview
  - 4.2.2.2. Product Portfolio
  - 4.2.2.3. Financial Analysis
  - 4.2.2.4. SWOT Analysis
  - 4.2.2.5. Business Strategy
- 4.2.3. Broadcom
  - 4.2.3.1. Overview
  - 4.2.3.2. Product Portfolio
  - 4.2.3.3. Financial Analysis
  - 4.2.3.4. SWOT Analysis
  - 4.2.3.5. Business Strategy
- 4.2.4. Fortinet
  - 4.2.4.1. Overview
  - 4.2.4.2. Product Portfolio
  - 4.2.4.3. Financial Analysis
  - 4.2.4.4. SWOT Analysis
  - 4.2.4.5. Business Strategy
- 4.2.5. Mimecast
  - 4.2.5.1. Overview
  - 4.2.5.2. Product Portfolio
  - 4.2.5.3. Financial Analysis
  - 4.2.5.4. SWOT Analysis
  - 4.2.5.5. Business Strategy
- 4.2.6. Proofpoint
  - 4.2.6.1. Overview
  - 4.2.6.2. Product Portfolio
  - 4.2.6.3. Financial Analysis
  - 4.2.6.4. SWOT Analysis
  - 4.2.6.5. Business Strategy
4.3. Top Winning Strategies by Market Players
- 4.3.1. Merger and Acquisition
- 4.3.2. Product Launch
- 4.3.3. Partnership And Collaboration

5. Global Email Encryption Market Sales Analysis by Deployment ($ Million)

5.1. On-Premise
5.2. Cloud-Based

6. Global Email Encryption Market Sales Analysis by End-User ($ Million)

6.1. BFSI
6.2. Healthcare
6.3. Government & Defense
6.4. IT & Telecom
6.5. Other

7. Regional Analysis

7.1. North American Email Encryption Market Sales Analysis -Deployment Type | End-User | Country ($ Million)
Macroeconomic Factors for North America
- 7.1.1. United States
- 7.1.2. Canada
7.2. European Email Encryption Market Sales Analysis -Deployment Type | End-User | Country ($ Million)
Macroeconomic Factors for Europe
- 7.2.1. UK
- 7.2.2. Germany
- 7.2.3. Italy
- 7.2.4. Spain
- 7.2.5. France
- 7.2.6. Russia
- 7.2.7. Rest of Europe
7.3. Asia-Pacific Email Encryption Market Sales Analysis -Deployment Type | End-User | Country ($ Million)
Macroeconomic Factors for Asia-Pacific
- 7.3.1. China
- 7.3.2. Japan
- 7.3.3. South Korea
- 7.3.4. India
- 7.3.5. Australia & New Zealand
- 7.3.6. ASEAN Countries (Thailand, Indonesia, Vietnam, Singapore, And Other)
- 7.3.7. Rest of Asia-Pacific
7.4. Rest of the World Email Encryption Market Sales Analysis -Deployment Type | End-User | Country ($ Million)
Macroeconomic Factors for the Rest of the World
- 7.4.1. Latin America
- 7.4.2. Middle East and Africa

8. Company Profiles

8.1. BAE Systems plc
- 8.1.1. Quick Facts
- 8.1.2. Company Overview
- 8.1.3. Product Portfolio
- 8.1.4. Business Strategies
8.2. Barracuda Networks, Inc.
- 8.2.1. Quick Facts
- 8.2.2. Company Overview
- 8.2.3. Product Portfolio
- 8.2.4. Business Strategies
8.3. Broadcom Inc.
- 8.3.1. Quick Facts
- 8.3.2. Company Overview
- 8.3.3. Product Portfolio
- 8.3.4. Business Strategies
8.4. Cisco Systems, Inc.
- 8.4.1. Quick Facts
- 8.4.2. Company Overview
- 8.4.3. Product Portfolio
- 8.4.4. Business Strategies
8.5. Echoworx Corp.
- 8.5.1. Quick Facts
- 8.5.2. Company Overview
- 8.5.3. Product Portfolio
- 8.5.4. Business Strategies
8.6. Entrust Corp.
- 8.6.1. Quick Facts
- 8.6.2. Company Overview
- 8.6.3. Product Portfolio
- 8.6.4. Business Strategies
8.7. Fortinet, Inc.
- 8.7.1. Quick Facts
- 8.7.2. Company Overview
- 8.7.3. Product Portfolio
- 8.7.4. Business Strategies
8.8. Hewlett-Packard Enterprise
- 8.8.1. Quick Facts
- 8.8.2. Company Overview
- 8.8.3. Product Portfolio
- 8.8.4. Business Strategies
8.9. Lux Sci Inc.
- 8.9.1. Quick Facts
- 8.9.2. Company Overview
- 8.9.3. Product Portfolio
- 8.9.4. Business Strategies
8.10. Mimecast Ltd.
- 8.10.1. Quick Facts
- 8.10.2. Company Overview
- 8.10.3. Product Portfolio
- 8.10.4. Business Strategies
8.11. NeoCertified
- 8.11.1. Quick Facts
- 8.11.2. Company Overview
- 8.11.3. Product Portfolio
- 8.11.4. Business Strategies
8.12. OpenText Corp.
- 8.12.1. Quick Facts
- 8.12.2. Company Overview
- 8.12.3. Product Portfolio
- 8.12.4. Business Strategies
8.13. Proofpoint, Inc.
- 8.13.1. Quick Facts
- 8.13.2. Company Overview
- 8.13.3. Product Portfolio
- 8.13.4. Business Strategies
8.14. Sophos Ltd.
- 8.14.1. Quick Facts
- 8.14.2. Company Overview
- 8.14.3. Product Portfolio
- 8.14.4. Business Strategies
8.15. Thales Group
- 8.15.1. Quick Facts
- 8.15.2. Company Overview
- 8.15.3. Product Portfolio
- 8.15.4. Business Strategies
8.16. Trend Micro Inc.
- 8.16.1. Quick Facts
- 8.16.2. Company Overview
- 8.16.3. Product Portfolio
- 8.16.4. Business Strategies
8.17. Virtru Corp.
- 8.17.1. Quick Facts
- 8.17.2. Company Overview
- 8.17.3. Product Portfolio
- 8.17.4. Business Strategies
8.18. Zivver Ltd.
- 8.18.1. Quick Facts
- 8.18.2. Company Overview
- 8.18.3. Product Portfolio
- 8.18.4. Business Strategies
8.19. Zoho Corp.
- 8.19.1. Quick Facts
- 8.19.2. Company Overview
- 8.19.3. Product Portfolio
- 8.19.4. Business Strategies