LONDON--(BUSINESS WIRE)--Technavio has announced the top five leading vendors in their recent global e-mail encryption market report. This research report also lists 12 other prominent vendors that are expected to impact the market during the forecast period.
Banks, healthcare, and other organizations are storing their confidential data on the cloud. Hence, it is important to secure such confidential data against unauthorized access. The adoption of cloud-based services is increasing more rapidly in SMBs compared with large enterprises as cloud-based services work on a pay-per-use model. In addition, cloud-based security services offer flexibility and scalability to accommodate the varying needs of enterprises. Their features like less dependency on internal IT personnel, no licensing costs, low maintenance costs, very limited hardware infrastructure, and easier and faster implementation of IT solutions are driving SMBs toward the adoption of cloud services.
Competitive vendor landscape
The global e-mail encryption market is fragmented with the presence of many multinational vendors and small regional players. The demand for e-mail encryption solutions has risen among sectors such as BFSI, healthcare, and government due to an increase in data breaches. Some professionals, especially doctors, lawyers, and business people who have a legal and ethical responsibility to shield sensitive data, need to protect that data against intrusion.
“Due to the increasing instances of data theft and government snooping, several enterprises are giving importance to e-mail encryption. This will increase the adoption of e-mail encryption solutions during the forecast period,” says Ishmeet Kaur, a lead IT security research analyst from Technavio.
The major e-mail encryption vendors have a significant customer base, and their focus is on the continuous expansion of e-mail encryption technology deployments across verticals. Established vendors will acquire smaller vendors to expand their product portfolio and increase their market share.
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Top five e-mail encryption market vendors
Cisco Systems
Cisco Systems is a global provider of security and technology services. The company offers a wide range of products that include application networking services, networking software, optical networking, storage networking switches, data center switches, data center management, digital and physical security, cloud and systems management, and unified communications. It serves businesses of all sizes, public institutions, telecommunication companies, cloud service providers, and individual users.
Proofpoint
Proofpoint provides solutions for threat protection, regulatory compliance, archiving and governance, and secure communication. E-mail encryption solutions are designed to protect customers' critical messaging infrastructure from outside threats such as phishing, spam, unpredictable e-mail volumes, malware, and other forms of objectionable or dangerous content before they reach the enterprise. The company provides SaaS to large and mid-sized organizations worldwide to defend, protect, archive, and govern most sensitive data.
Symantec
Symantec is a global leader in security, backup, and availability solutions. Its products and services are designed to protect information in any environment and range from mobile devices to enterprise data centers and cloud-based systems. The solutions provided by the company protect the critical and confidential information that belongs to consumers as well as enterprises. The company extends DLP to the cloud, mobile, and on-premises environments.
Trend Micro
Trend Micro provides Internet security and threat management solutions for consumers and businesses. Some of the solutions provided for businesses include e-mail and web security, cloud-based security, file servers, endpoint security solutions, and virtualized desktops. The company's strategy is based on innovation, transformation, and a constant evolution of technologies and solutions for customers. It specializes in mobile security, e-mail security, e-mail encryption, antivirus software, data security, and cloud security.
Zix
Zix offers DLP, e-mail encryption, and BYOD solutions to meet the compliance and data protection needs of organizations primarily in the financial services, healthcare, insurance, and government sectors. It is a security technology company that provides e-mail encryption services, DLP, and BYOD security solutions. In 2013, the company launched ZixOne, a mobile e-mail app that solves the major IT requirement created by the adoption of BYOD policy in the workplace.
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Technavio is a leading global technology research and advisory company. The company develops over 2000 pieces of research every year, covering more than 500 technologies across 80 countries. Technavio has about 300 analysts globally who specialize in customized consulting and business research assignments across the latest leading edge technologies.
Technavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users.
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