Email Security Market Share 2022 COVID-19 Impact and Regional Outlook 2030

The global email security market size is USD 3.61 billion in 2020 and is expected to reach USD 12.2 billion by 2027, with an 18.4% CAGR during the forecast period, 2021-2027. Email security is a method opted by organizations and consumers to safeguard the essential email information from cyberattacks, spam, virus attack, denial of service, and other types of malicious software. It introduces the methodology to protect sensitive data from unauthorized access. The rising number of data breaches, social spam, increasing concerns towards malware of data, adoption of bring your own device (BYOD), and opting for cloud-based software are some of the factors propelling the growth of the email security market in the upcoming market.

Email Security Market Dynamics:
During these years, enterprises have been largely attacked by BEC scams, email phishing, and massive financial losses. In BEC, adversaries aim at corporate email accounts, spoofing consumers, employees, or partners for financial gains such as sanctioning payment transfers to cyber criminals' accounts. Growing fraudulent activities such as spear phishing to thieve data for mischievous purposes. All these factors are boosting the growth of the email security market throughout the forecast period.

Further, cloud security software is the essential technology deployed by the cloud service provider and user to protect the overall cloud infrastructure. Online organizations that depend on the internet as an important source of information exchange, such as e-commerce enterprises like Amazon, are more at risk of cyberattacks. BFSI and healthcare industries are among the other verticals with financial gains, which are more gainful targets for hackers. Several factors, such as the requirement of minimizing onsite data footprints and cost-saving, coupled with rising incidents of a virus, spam, inappropriate access of data through email, and flexible deployment options, are propelling the growth of the market in the upcoming