The global secure email gateway (SEG) market is expected to post a CAGR of over 14% during the period 2019-2023, according to the latest market research report by Technavio. Request a free sample report
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Technavio has announced its latest market research report titled global secure email gateway market 2019-2023 (Graphic: Business Wire)
The data loss prevention (DLP) capabilities of the software will be one of the major drivers of the global secure email gateway market. Corporates use DLP to prevent the leakage of sensitive information from the network. The DLP component of an SEG uses business rules to classify and protect confidential information to ensure that unauthorized users do not share data, which can be a threat to the organization. For example, CipherMail offers a DLP solution that is integrated with its CipherMail Email Encryption Gateway. The DLP solution monitors and filters the email body content and also allows users to specify keywords and sentences that an outgoing mail should not contain. In times of rule violations, an email can be blocked, or the tool offers an option to notify a manager. These preventive features are expected to expand the secure email gateway market in the future.
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As per Technavio, the increase in spear phishing, will have a positive impact on the market and contribute to its growth significantly over the forecast period. This research report also analyzes other important trends and market drivers that will affect market growth over 2019-2023.
Global Secure Email Gateway Market: Increase in Spear Phishing
Cyber attackers are nowadays deploying a new phishing method called spear phishing. Only specific high-profile user or groups within an organization are targeted in spear phishing method. The duration of the spear phishing attacks can vary. Some may last for a day or a week, and some can last for more than a year which is known as a drip campaign. Proofpoint’s Advanced Email Security solution uses advanced anomaly detection methods to protect against spear phishing attacks. The Advanced Email Security solution provides sandboxing at the time of delivery of the email, which results in a higher detection of these threats. The threats can be nullified by the system before a user opens the mail. With the rise in spear phishing attacks, the adoption of secure email gateway solutions is increasing rapidly which will boost the market growth.
“The ability of SEGs to maintain data compliance and reduce malware attacks are some other major factors that will boost market growth during the forecast period,” says a senior analyst at Technavio.
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Global Secure Email Gateway Market: Segmentation Analysis
This market research report segments the global secure email gateway market by deployment (on-premises, cloud-based, and hybrid) and geographical regions (North America, Europe, APAC, South America, and MEA).
The North American region led the market share in 2018, followed by Europe, APAC, MEA, and South America respectively. During the forecast period, the North American region is expected to maintain its dominance over the global market. This is due to the increasing number of malware and phishing attacks in the region.
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Some of the key topics covered in the report include:
- Market ecosystem
- Market characteristics
- Market segmentation analysis
- Market definition
- Market size and forecast
Five Forces Analysis
- Regional comparison
- Key leading countries
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Competitive scenario
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