The North America Email Security Market would witness market growth of 9.1% CAGR during the forecast period (2023-2030).
A software platform called email security guards against intrusions and unwanted access to email. In addition to preventing access to unsuitable content & safeguarding against malware and targeted cyberattacks, it monitors communications for regulatory concerns, compliance, and theft. The development of e-mail security platforms is fueled by an upsurge in malware and phishing activity, notably ransomware and targeted attacks like business email compromise (BEC) and email account compromise (EAC).
The market is projected to increase due to organizations' increased investments and increasing need for business data protection. To prevent and address threats as e-mail attacks become more sophisticated and challenging to detect, most of organizations have raised their budgets for e-mail security spending. Additionally, more people are using mobile devices and BYOD to enhance the usage of email security solutions.
Several other variables influence the market, such as the need for more proficient security professionals in the market. This is especially important for companies with operational problems and more vulnerable to attacks from other industries. Additionally, several other providers enhance email security via a secure email path. Advanced cloud-based solutions can protect the company from various potential threats. The e-mail security market has grown significantly due to the rising demand for such solutions. Overall, this strategy is intended to increase the overall productivity of companies, a goal for which everyone would undoubtedly strive.
Safety and security in Mexico are still top priorities for individuals, businesses, and state governments due to the recent rise in violent crime as well as continued supply chain threats. Almost all family and business budgets include money for security. Some experts estimated that the private security services sector contributed 2% of the GDP in 2021 and employed more than 600,000. The factors that influence expenditure on safety and security include the growth of crime, the scarcity of public security resources, increased efforts made by the private sector to protect assets, and a rise in civic engagement. Therefore, the region presents lucrative growth prospects for the market.
The US market dominated the North America Email Security Market by Country in 2022 and would continue to be a dominant market till 2030; thereby, achieving a market value of $1,885.4 million by 2029. The Canada market is experiencing a CAGR of 11.6% during (2023 - 2030). Additionally, The Mexico market would exhibit a CAGR of 10.6% during (2023 - 2030).
Based on Application, the market is segmented into IT & Telecom, Government, Healthcare, Media & Entertainment, BFSI, and Others. Based on Deployment Type, the market is segmented into Cloud, On-premise, and Hybrid. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Worldwide Email Security Market is Projected to reach USD 7.7 Billion by 2030, at a CAGR of 9.9%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Cisco Systems, Inc., Broadcom, Inc., Open Text Corporation, Fortinet, Inc., Barracuda Networks, Inc., Trend Micro Inc., BAE Systems PLC, Proofpoint, Inc. (Thoma Bravo), Intermedia.net, Inc. and DataFlowX.
By Application
By Deployment Type
By Country
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