Nov 01, 2019 (Market Insight Reports via COMTEX) -- The report presents an in-depth assessment of the Cloud-BasedEmail Security including enabling technologies, key trends, market drivers,challenges, standardization, regulatory landscape, deployment models, operatorcase studies, opportunities, future road-map, value chain, ecosystem playerprofiles and strategies. The report also presents forecasts for Cloud-BasedEmail Security investments from 2019 till 2023.
In 2017, the cloud-based email security market was valued atUSD 701.9 million and is expected to reach a value of USD 1102.4 million by2023, registering a CAGR of 7.81% during 2018-2023.
The Cloud-Based Email Security market is highly competitiveand consists of a number of major players. Top Companies like Proofpoint Inc., Trend Micro Inc., CiscoSystems Inc., Fortinet Inc., Forcepoint LLC, Symantec Corporation, Sophos GroupPLC, Barracuda Networks Inc., Dell Technlogies Inc. and FireEye Inc.
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The scope of this report is limited to the solutions thatare offered by the major players, including providers of solutions forcloud-hosted email applications. Email is known to be the target for 90% ofhacks. It is the leading threat vector for ransom ware, phishing, and datatheft. The rising penetration of cloud-based services in enterprises, coupledwith the increasing number of cyber-attacks and the sophistication of malware,spam, and phishing attacks occurring across the globe, is expected to drive theadoption rate for cloud-based email security. However, the lack of skilledenterprise and awareness among consumers are expected to hinder the marketgrowth.
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Increased Spam,Viruses, and Inappropriate Email Content
While enterprises have pushed consistently to meet futuredemands by adopting cloud-based services, the growing number of attacks oncloud environments have also increased. This increase in the number of attackshas threated and challenged the traditional IT infrastructure. The same canalso be attributed to the fact that more valuable data is shifting to thecloud, and hackers find it lucrative to risk stealing valuable data. Thus, ithas become increasingly important for organizations to step-up securitysystems, to protect their cloud environments. According to a recent survey,about 3-4% of all emails contain a virus, which translates into 6 millionvirus-containing emails every day. This number poses a big threat toindividuals as well as organizations. Another study reveals that, about 70% ofall email traffic is estimated to be spam, and these figures have doubled overthe previous year. Further, with the increase in the volume of the datagenerated, and the number of email exchanges, the efficiency of anti-spamsoftware is ought to increase. A large volume of this confidential informationsent through email is at a high risk of being intercepted. Thus, it is makingcompanies to adopt cloud security solutions and software, as they constantlyseek to secure systems, through which these information can be encrypted andprotected.
Asia Pacific has theHighest Growth Potential Owing to the High Populations in These Countries
According to the Asia-Pacific Economic Cooperation, SME's are the engines of growthand innovation in the region, which account for over 97% of all enterprises andemploy over half of the workforce across APAC economies. With the growingpenetration level of Internet and the shift towards digitization of theinternal processes have been a few instrumental factors in driving the adoptionrate of cloud-based services. Alongside the digital transformation in theregion, companies in Asia-Pacific have been found to be 80% more likely to betargeted by hackers when compared to other regions, owing to ineffective cyberlaws and lack of cyber-security awareness. Majority of these attacks werereported around property theft, deception, and invasion of privacy.
-Key StrategicDevelopments: The study also includes the key strategic developments ofthe market, comprising R&D, new product launch, M&A, agreements,collaborations, partnerships, joint ventures, and regional growth of theleading competitors operating in the market on a global and regional scale.
-Key MarketFeatures: The report evaluated key market features, includingrevenue, price, capacity, capacity utilization rate, gross, production,production rate, consumption, import/export, supply/demand, cost, market share,CAGR, and gross margin. In addition, the study offers a comprehensive study ofthe key market dynamics and their latest trends, along with pertinent marketsegments and sub-segments.
-Analytical Tools: Cloud-BasedEmail Security Market report includes the accurately studied and assessed dataof the key industry players and their scope in the market by means of a numberof analytical tools. The analytical tools such as Porter's five forcesanalysis, feasibility study, and investment return analysis have been used toanalyzed the growth of the key players operating in the market.
The research includes historic data from 2014 to 2019 andforecasts until 2023 which makes the reports an invaluable resource forindustry executives, marketing, sales and product managers, consultants,analysts, and other people looking for key industry data in readily accessibledocuments with clearly presented tables and graphs.
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