Cloud-Based Email Security Market Subdivision, Forthcoming Developments, Growth Challenges, Opportunities, Top Key Players and Forecast 2024

Cloud-Based Email Security Market is the process of conveying a good quality service to customers. focuses on identifying hidden needs or requirements of customers. Report defines the scope of the Cloud-Based Email Security market, identifying potential of the Cloud-Based Email Security markets and determining optimal pricing for the market, it encouraging potential customers to purchase, and finding the best distribution methods for delivering to customers.

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Market Overview:

  • The global cloud-based email security market was valued at USD 701.90 billion in 2018 and is expected to reach a value of USD 1147.40 billion by 2024 at a CAGR of 8.68%, during the forecast period (2019 – 2024). The Evolution of the cyber environment and related technologies have paved the way for new threats. Cyber-attacks have become more targeted, persistent, and technologically advanced, and traditional techniques, thus fall short of providing adequate data protection. Thus, email security is gaining much more importance.
  • – One of the biggest cyber attacks of 2017, the WannaCry ransomware attack was reported to have infected more than 300,000 computers, across 150 countries. The attack was spread by spam emails.
  • – There are many threats to the security of email communication. Programs involving malware, viruses, worms, Trojans, and spyware, can intercept emails. Denial of Service (DoS) attacks threatens the ability of email systems to function properly and carry essential business communication. In the current cyber environment, technologists face challenges in creating flexible solutions to meet companies’ security and operational needs.
  • – Cloud security software is one of the primary tools deployed by cloud service providers and users, to secure the overall cloud infrastructure. Online companies that rely on the internet as a vital source of information exchange, such as e-commerce companies, like Amazon, are more vulnerable to cyber-attacks. Financial institutions and healthcare organizations are among the other businesses with high financial gains, which are also lucrative targets for hackers.
  • – Factors, such as a need for reducing onsite datacenter footprints and cost savings, coupled with increasing incidences of spam, viruses, inappropriate content through email, and flexible deployment options, are spurring the market growth.

    Key Market Trends:

    BFSI to Hold the Largest Market Share

    – The financial sector gathers a massive volume of data generated by its customers. To use the collected data through various data points and improve upon customer satisfaction, banks and financial organizations are increasingly employing services to store and analyze complex data.
    – Also, with greater customer expectation, growing technological capabilities and regulatory requirements, banking institutions are pushed to adopt a proactive approach to security. This has resulted in incorporating cloud-based security platforms.
    – The data is continuously growing, with an increase in the number of e-transactions. Email exchanges within this sector, amongst employees, as well as customers, contain crucial valuable information that is rather lucrative and can result in a high gain for hackers.
    – Additionally, organizations in the investment banking sector, which use emails as the primary mode of communication both internally and externally, are taking measures to encrypt and limit eavesdropping and hacking of their email accounts.
    – For instance, in 2017, Bank of America opted Microsoft Cloud as part of its digital transformation strategy. This adoption of Microsoft online suite is a clear indication of banks adopting cloud-based solutions.
    – According to Kaspersky Lab, in the year 2018, the share of financial phishing decreased from 53.8% to 44.7% of all phishing detections, accounting for almost a half of overall detections, the share of financial phishing encountered by Mac users slightly grew, accounting for 57.6%.

    Asia-Pacific to Register the Fastest Growth

    – According to the Asia-Pacific Economic Cooperation, SME’s are the engines of growth and innovation in the region, which account for over 97% of all enterprises and employ over half of the workforce across APAC economies.
    – With the growing penetration level of the Internet and the shift towards digitization of the internal processes have been a few instrumental factors in driving the adoption rate of cloud-based services.
    – Alongside the digital transformation in the region, companies in Asia-Pacific have been found to be 80% more likely to be targeted by hackers when compared to other regions, owing to ineffective cyber laws and lack of cyber-security awareness. Majority of these attacks were reported around property theft, deception, and invasion of privacy. These threats incur heavy losses and have been increasing over the years.
    – In 2017, about 53,081 cybercrimes incidents were reported in as compared to that of in 2014, with about 44,679 incident. Therefore, this factor is driving the adoption rate of robust cloud security solutions. All these factors, coupled with the healthy growth in the number of out-sourced projects, particularly in and China, are expected to drive the adoption rate of cloud-based email security market in the region.

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    Major Key Players are as Follows

  • Cisco Systems Inc.
  • Proofpoint Inc.
  • Trend Micro Inc.
  • Fortinet Inc.
  • Forcepoint LLC
  • Symantec Corporation
  • Mimecast Inc.
  • Sophos Group PLC
  • Dell Technologies Inc.
  • FireEye Inc.

    Scope of the Report:

  • The rising penetration of cloud-based services in enterprises, coupled with the increasing number of cyber-attacks and the sophistication of malware, spam, and phishing attacks occurring across the globe, is expected to drive the adoption rate for cloud-based email security. The application of cloud-based email security has been deployed by publicly, privately and hybridly. It is also used by various end-user such as BFSI, government, IT &Telecommunications, retails.<

    Geographical Regions:

    .

    Topics such as sales and sales revenue overview, production market share by product type, capacity and production overview, import, export, and consumption are covered under the development trend section of the Cloud-Based Email Security market report.

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    Reasons to Purchase Cloud-Based Email Security Market Report Covered:

    • The report examines how Cloud-Based Email Security market will develop in the future.
    • Studying various views of the Cloud-Based Email Security market with the help of Porter’s five forces analysis.
    • Analyzing the product type that is probable to control the market and regions that are likely to witness the fastest development during the forecast period
    • Identify the new developments, Cloud-Based Email Security market shares and strategies employed by the key market players.
    • Competitive landscape including the market share of major players along with the key strategies accepted for growth in the past five years
    • Complete company profiles covering the product offerings, key financial information, current developments, SWOT analysis and strategies employed by the major Cloud-Based Email Security market players

    Detailed TOC of Cloud-Based Email Security Market – Growth, Trends, and Forecast (2019 – 2024)

    1 INTRODUCTION
    1.1 Study Deliverables
    1.2 Study Assumptions
    1.3 Scope of the Study

    2 RESEARCH METHODOLOGY

    3 EXECUTIVE SUMMARY

    4 MARKET DYNAMICS
    4.1 Market Overview
    4.2 Introduction to Market Drivers and Restraints
    4.3 Market Drivers
    4.3.1 Increasing Adoption of Internet of Things (IoT) Technology
    4.3.2 Reduced Capital Expenses and Faster Deployment
    4.4 Market Restraints
    4.4.1 Risk of Information Loss
    4.5 Industry Attractiveness – Porter’s Five Force Analysis
    4.5.1 Bargaining Power of Suppliers
    4.5.2 Bargaining Power of Buyers/Consumers
    4.5.3 Threat of New Entrants
    4.5.4 Threat of Substitute Products
    4.5.5 Intensity of Competitive Rivalry

    5 MARKET SEGMENTATION
    5.1 By Deployment
    5.1.1 Public
    5.1.2 Private
    5.1.3 Hybrid
    5.2 By End-user Industry
    5.2.1 BFSI
    5.2.2 Government
    5.2.3 IT & Telecommunications
    5.2.4 Retail
    5.2.5 Other End-user Industries
    5.3 Geography
    5.3.1 North America
    5.3.2
    5.3.3 Asia-Pacific
    5.3.4 Latin America
    5.3.5 Middle East & Africa

    6 COMPETITIVE LANDSCAPE
    6.1 Company Profiles
    6.1.1 Cisco Systems Inc.
    6.1.2 Proofpoint Inc.
    6.1.3 Trend Micro Inc.
    6.1.4 Fortinet Inc.
    6.1.5 Forcepoint LLC
    6.1.6 Symantec Corporation
    6.1.7 Mimecast Inc.
    6.1.8 Sophos Group PLC
    6.1.9 Dell Technologies Inc.
    6.1.10 FireEye Inc.

    7 INVESTMENT ANALYSIS

    8 MARKET OPPORTUNITIES AND FUTURE TRENDS

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    Contact Info:

    Name: Ajay More

    Email: [email protected] 

    Organization: Absolute Reports

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