Email Security Systems (Global Market)

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2023: Global Email Protection Systems Market Growth by 8% to $5.8 Billion

In 2023, spending on email protection systems globally reached $5.8 billion. The result of the previous year, when costs were estimated at $5.35 billion, was exceeded by about 8%. Industry trends are addressed in the Market Research Future survey, unveiled in early November 2024.

The key driver of the global market is the growth of cyber threats related to e-mail. These are phishing, malicious software and ransomware viruses. Cybercriminals are constantly developing new tactics to penetrate corporate networks, which leads to an urgent need to implement advanced security solutions. Under such conditions, companies around the world are increasing budgets in the field of information security, which, among other things, leads to increased sales of solutions for protecting Email platforms. Organizations are looking for products that offer real-time detection and response capabilities, advanced threat analytics, and effective spam filtering to reduce risk. In addition, compliance with data protection and privacy regulations further drives demand for robust email security.

The authors of the study call the ongoing development of cloud infrastructures another stimulating factor. Organizations are increasingly moving their Email services to the cloud due to the flexibility, scalability, and cost-effectiveness of this approach. While this model provides a number of advantages over traditional deployment, it also creates new risks and vulnerabilities that require enhanced security measures. In addition, there has been a shift towards integrated information security solutions that cover not only email, but also other elements of the IT infrastructure.

The deployment model distinguishes cloud, local and hybrid solutions. The first of these segments accounted for the largest revenue - approximately $2.9 billion in 2023. This is due to the growing need for scalable and flexible information security solutions: organizations are increasingly switching to cloud models due to their cost-effectiveness and the ability to integrate advanced detection and threat response functions. Local products, in turn, brought in $1.8 billion, while sales of hybrid solutions are estimated at $1.1 billion.

In 2023 North America , it took the largest share with costs of $2.5 billion: the dominance of the region is explained by the active introduction of advanced technologies, the presence of a number of large players and leading cloud providers. This is followed by the Asia-Pacific region with an estimate of $1.5 billion. Closes the top three, Europe where the cost of email protection systems amounted to $1.3 billion South America provided a contribution of $0.3 billion, and accounted for Middle East Africa $0.2 billion. The list of the most significant market participants includes:

• Fortinet;
• ThreatMetrix;
• FireEye;
• SpamTitan;
• Microsoft;
• Trend Micro;
• Zix Corporation;
• Symantec;
• GFI Software;
• Barracuda Networks;
• AVG Technologies;
• Cisco;
• Proofpoint;
• Emsisoft;
• Mimecast.

At the end of 2024, revenue in the global email protection market is estimated at $6.29 billion. Market Research Future experts predict that in the future the CAGR (average annual growth rate in complex percentages) will be 8.41%. As a result, by 2032, costs on a global scale could rise to $12 billion.^[1]

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