Research and Markets has announced the addition of the "Global Email Encryption Market 2012-2016" report to their offering.
One of the key factors contributing to this market growth is the increasing number of regulatory policies. The Global E-mail Encryption market has also been witnessing an increasing adoption of cloud-based solutions. However, the availability of open source solutions could pose a challenge to the growth of this market.
The key vendors dominating this market include Cisco Systems, McAfee, Proofpoint, Symantec and Zix. The other vendors mentioned in this report are Axway Tumbleweed, Entrut and Voltage Security.
Commenting on the report, an analyst from the team said: With increasing competition, companies are faced with the growing need to cut costs. Further, for smaller companies with limited budgets, it may not be feasible to adopt solutions that have a high initial implementation cost. Hence, as a part of their security measures coupled with cost savings, companies are increasingly going for cloud-based email encryption solutions. Further, cloud-based solutions are improving in technology and are now offering the same security features as on-premises solutions. Further, seeing the visible benefits of cloud-based solutions, most of the major providers are offering cloud-based SaaS email encryption solutions.
According to the report, one of the major drivers is the increase in regulatory policies. As data privacy is becoming a major concern, companies are mandated to comply with different regulations. With multiple regulations in place and with punitive penalties for non-compliance, companies are forced to implement effective email encryption solutions to secure their data. This will increase the need for email encryption solutions and thus, will support the growth of the Global Email Encryption market.
The report also includes a discussion of the other vendors operating in this market. The other vendors in the market are Axway Tumbleweed, Entrust, and Voltage Security.