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EMAIL FORWARDING SERVICE MARKET REPORT OVERVIEW
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The global email forwarding service market size expanded rapidly in 2022 and will grow substantially by 2029, exhibiting a prodigious CAGR during the forecast period.
An email forwarding service directs emails received by an account to another email address without saving its contents on the mail servers. Also email items going to many different addresses can be sent to a single address inbox.
COVID-19 Impact: Market Growth Restrained by Pandemic due to Supply Chain Disruptions
The global COVID-19 pandemic has been unprecedented and staggering, with the market experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden market growth reflected by the rise in CAGR is attributable to market’s growth and demand returning to pre-pandemic levels.
Due to the lockdown and increase in remote working spaces has boosted market growth due to increase in adoption of email forwarding services by more and more working professionals and by various end user sectors
LATEST TRENDS
"Integration of automation tools and AI helps boost market size"
An emerging trend is the increase in integration of automation tools and artificial intelligence (AI) in these systems.These technologies can be used to personalise content as per customer preference, maximise send times and to speed up workflow.Marketers can also use these tools to anticipate user behaviour, preferences, and trends using predictive analytics and to personalise content and target emails more successfully . Lastly there has also been an increase in interactive components such as product carousels, surveys, and quizzes to increase user interaction and make the products more interesting.
EMAIL FORWARDING SERVICE MARKET SEGMENTATION
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By Type
Based on type the global market can be categorised into Server Base Forwarding and Client Based Forwarding
- Server Based Forwarding: Here the domain name which is the part appearing to the right of the email address decides the target server for the corresponding class of addresses.
- Client Based Forwarding: Here mail forwarding can take place automatically using a non-interactive client such as a mail retrieval agent. Unnecessary emails are immediately bounced to an already specified email address and incoming mails are all received within the same inbox
By Application
Based on application the global market can be categorised into SMEs and Large Enterprises.
- SME’s: Due to the sudden expansion of SMEs there is a lot of electronic mail traffic and spam email generation left undealt with which email forwarding services help with by directing them straight to the spam folder.
- Large Enterprises: Big companies have a rising need to compartmentalise their mails and also to compile all correspondence in one inbox which email forwarding services help with.
DRIVING FACTORS
"Cost effectiveness of service may help boost market growth"
One of the driving factors which boosts Email Forwarding Service Market Growth is its cost effectiveness. Here automated features take care of the disposal of spam or unnecessary emails which would otherwise be done manually thus saving a large amount of labour cost and valuable time.
"Profitability of monthly licence may boost market growth"
Another driving factor is the provision of monthly licences which is a short term licence charged per user in any organisation and everyone in the organisation can then use the software and services so it is highly profitable.
RESTRAINING FACTORS
"Technical issues may impede market growth"
Technical issues in these services may impede future market growth such as duplication of folders due to incorrect configuration and these problems cannot be solved by the average customer and need an expert solution.
EMAIL FORWARDING SERVICES MARKET REGIONAL INSIGHTS
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"Technological advancements and government initiatives help Asia Pacific dominate"
The market is primarily segregated into Europe, Latin America, Asia Pacific, North America, and Middle East & Africa.
Asia Pacific dominates the market holding a large portion of Email Forwarding Services Market Share due to rapid technological advancements and government initiatives to promote these services as well as presence of key market players.
KEY INDUSTRY PLAYERS
"Key Industry Players Shaping the Market through Innovation and Market Expansion"
The cloth wardrobe market is significantly influenced by key industry players that play a pivotal role in driving market dynamics and shaping consumer preferences. These key players possess extensive retail networks and online platforms, providing consumers with easy access to a wide variety of wardrobe options. Their strong global presence and brand recognition have contributed to increased consumer trust and loyalty, driving product adoption. Moreover, these industry giants continually invest in research and development, introducing innovative designs, materials, and smart features in cloth wardrobes, catering to evolving consumer needs and preferences. The collective efforts of these major players significantly impact the competitive landscape and future trajectory of the market.
List of Market Players Profiled
- Forward Email (US)
- Mailgun (US)
- Cloudflare (US)
- Pobox (US)
- ForwardMX (Singapore)
- Mailtie (US)
INDUSTRIAL DEVELOPMENT
October 18, 2023 IBM announced the signing of three memoranda of understanding (MoUs) with three entities engaged with the Ministry of Electronics and Information Technology (MeitY) to accelerate innovation in AI, semiconductor and quantum technology for India. This body of work will aim to accelerate India’s comprehensive national strategy for AI, strengthen efforts to be self-reliant in semiconductors.
REPORT COVERAGE
The study encompasses a comprehensive SWOT analysis and provides insights into future developments within the market. It examines various factors that contribute to the growth of the market, exploring a wide range of market categories and potential applications that may impact its trajectory in the coming years. The analysis takes into account both current trends and historical turning points, providing a holistic understanding of the market's components and identifying potential areas for growth.
The research report delves into market segmentation, utilizing both qualitative and quantitative research methods to provide a thorough analysis. It also evaluates the impact of financial and strategic perspectives on the market. Furthermore, the report presents national and regional assessments, considering the dominant forces of supply and demand that influence market growth. The competitive landscape is meticulously detailed, including market shares of significant competitors. The report incorporates novel research methodologies and player strategies tailored for the anticipated time frame. Overall, it offers valuable and comprehensive insights into the market dynamics in a formal and easily understandable manner.
Frequently Asked Questions
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Which is the leading region in the email forwarding services market?
The Asia Pacific region is the prime area for the email forwarding services market owing to the vast population in the region.
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Which are the driving factors of the email forwarding services market?
Cost effectiveness of these services and profitability of monthly licences are some of the driving factors of the email forwarding services market.
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What are the key email forwarding services market segments?
The email forwarding services market segmentation that you should be aware of, which include, Based on type the email forwarding services market is classified as server based forwarding and client based forwarding Based on application the email forwarding services market is classified as SMEs and Large Enterprises.
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