Email Encryption Market Size, Share, Trends, Report 2032

Imracrahul08 Aug, 2024Business

The global email encryption market size reached US$ 3.1 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 20.7 Billion by 2032, exhibiting a growth rate (CAGR) of 22.7% during 2024-2032. The market is experiencing robust growth driven by the rising demand for cloud-based services, data security concerns and privacy regulation, increasing instances of phishing and spam emails, and the expanding banking, financial services, and insurance (BFSI) and healthcare industries.