Email Security Market Booms as Cyberattacks Escalate and Organizations Move to Cloud.

Position:Security News and Products

Integrated solutions that can deal with multi-pronged, blended attacks will find significant growth opportunities, finds Frost & Sullivan.

Email has become the channel of choice for delivering malware and malware-less attacks, and hackers have begun to employ social engineering techniques for deception and impersonation. The proliferation of user devices, a mix of device ownership models, always-connected work lifestyles and, above all, the use of cloud-based mailbox services are adding new levels of complexity to email security. Due to the rising frequency and sophistication of threats, email security grew year on year (YoY) to 11.5 percent in 2017 to touch $2.24 billion. The momentum continued into 2018, with revenues increasing 15.9 percent YoY to $2.59 billion. By 2022, the market is anticipated to be worth $3.58 billion, growing at a compound annual growth rate (CAGR) of 9.9 percent.

"To tap the opportunities in this market, vendors need to innovate cloud-based solutions as well as augment Office 365 and other cloud email services like Google G-Suite. They will also be looking to build out global data centers to meet data privacy regulations, strengthen cloud resilience, and engage with public cloud (AWS, Azure) for higher scalability," said Tony Massimini, Senior Industry Analyst, Digital Transformation. "Furthermore, they may invest in a global threat intelligence network in order to leverage threat intelligence and analytics for advanced threat...

To continue reading