Cloud-based Email Security Market Size (2024 - 2029)

Cloud-based Email Security Market Analysis

The Cloud-based Email Security Market size is estimated at USD 3.82 billion in 2024, and is expected to reach USD 7.40 billion by 2029, at a CAGR of 14.16% during the forecast period (2024-2029).

• The emergence of the digital landscape has increased the significance of email as a pivotal communication tool. Yet, this ubiquity also makes email systems prime targets for cyberattacks. Integrated Cloud Email Security solutions are crafted to counteract these threats with advanced protective measures. The essence of Integrated Cloud Email Security solutions is highlighting their features, benefits, and distinctions from traditional solutions like secure email gateways (SEGs).
• Additionally, in February 2024, Mimecast, an AI-powered Email Security solution provider, reported Spamming, Phishing, and malware were the significant contributors to email threats worldwide in the fourth quarter of 2023, which shows the demand for cloud-based email security solutions in the market.
• Traditional email security measures and the default features of cloud-based email services mainly target common threats. They can effectively spot harmful content, including spam, malicious links, and counterfeit domains. However, these tools frequently struggle against advanced phishing tactics, notably business email compromise (BEC) and vendor email compromise (VEC). Distinct from standard phishing, these advanced attacks utilize "malicious intent" emails, employing text-based social engineering to trick recipients into revealing login credentials, disclosing confidential information, or approving fraudulent invoices, showing the market's requirement for cloud-based email security solutions.
• The risk of information loss is among the key challenges that hamper the market’s growth globally. As more businesses increasingly migrate their email systems to the cloud, data security, privacy, and regulatory compliance concerns have increased. The perspective for information loss, whether through accidental deletion, unauthorized access, or sophisticated cyberattacks, poses a barrier to adopting these solutions.
• The increasing adoption of digitalization strategy among the end-users to support their online business model, which has increased since the COVID-19 pandemic, has raised the risk of e-mail-based cyber attacks in the market, which would drive business opportunities for the market vendors.

Cloud-based Email Security Industry Segmentation

Cloud email security solutions provide robust protection against cyber threats transmitted via email. A key feature of these systems is their Anti-Phishing capability: As phishing attempts grow increasingly sophisticated, recognizing and countering them becomes ever more challenging.

The cloud-based email security market is segmented by deployment model (public, private, and hybrid), by end-user industry (BFSI, government, IT and telecommunications, retail, and other end-user industries), and by geography (North America [United States, Canada], Europe [Germany, United Kingdom, France, Italy, Spain, and Rest of Europe], Asia Pacific [India, China, Japan, Australia, South Korea, and Rest of Asia Pacific], Latin America [Brazil, Mexico, Argentina and Rest of Latin America], and Middle East and Africa). The market sizes and forecasts are provided in terms of value (USD) for all the above segments.