Secure Email Gateway Market Size, Share, Growth, and Industry Analysis, By Type (On-premises Secure Email Gateway, Cloud-based Secure Email Gateway, Hybrid Secure Email Gateway), By Application (Telecom and IT, Healthcare, Government Sector, Media and Entertainment, Banking and Insurance, Other), Regional Forecast To 2032

Updated On: 08 April 2024

Secure Email Gateway Market Report Overview

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The global Secure Email Gateway market size was USD 3196.2 million in 2021 and market is projected to touch USD 14299.91 million by 2032, exhibiting a CAGR of 14.4% during the forecast period.

The global COVID-19 pandemic has been unprecedented and staggering, with secure email gateway market experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden rise in CAGR is attributable to the market's growth and demand returning to pre-pandemic levels once the pandemic is over. 

A Secure Email Gateway (SEG) is a cybersecurity solution designed to protect organizations from various email-borne threats, such as phishing attacks, malware, spam, and other types of malicious content. It acts as an intermediary between an organization's email system and the external email servers, providing an additional layer of security and filtering to ensure that only safe and legitimate emails reach the end-users' inboxes.

The market for secure email gateways was growing steadily due to the increasing reliance on email for business communication and the rising number of cyber threats targeting email systems. Companies of all sizes and industries were recognizing the importance of implementing robust email security measures to safeguard sensitive data, intellectual property, and maintain business continuity.

COVID-19 Impact: Pandemic Increased the Demand for Market

With a shift to remote work arrangements during the pandemic, the reliance on digital communication, including email, increased. This may have prompted organizations to invest more in email gateway solutions to protect their remote workforce from phishing attacks, malware, and other cyber threats.  The pandemic brought about a surge in cyber threats, with hackers taking advantage of the confusion and uncertainty surrounding the global crisis. Secure Email Gateways became crucial in detecting and blocking COVID-19 related phishing scams and malicious emails. Many companies prioritized business continuity and data protection during the pandemic. As a result, they may have upgraded or adopted new email gateway solutions to ensure secure communications even during remote operations. The pandemic accelerated the pace of digital transformation in many industries. Organizations that were in the process of transitioning to cloud-based email solutions might have also considered enhancing their security measures through email gateways.

Latest Trends

"Data Loss Prevention (DLP) to Fuel Market Growth"

As organizations focused on data security and compliance, secure email gateways were incorporating robust DLP features. These features help in preventing sensitive data from leaving the organization via email, thus reducing the risk of data breaches. The market was witnessing a shift towards cloud-based email gateways due to their scalability, cost-effectiveness, and ease of deployment. Cloud solutions offer better protection against evolving email threats and reduce the burden of managing on-premises hardware. Email gateways were evolving to incorporate advanced threat protection mechanisms, including machine learning, AI-based analytics, and behavior analysis. These technologies enable better detection and prevention of sophisticated email threats such as spear-phishing, ransomware, and zero-day attacks. Organizations were realizing the importance of user education in combating email-based threats. SEG vendors were offering user awareness and training modules to help employees recognize and respond to suspicious emails effectively.

Secure Email Gateway Market Segmentation

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• By Type Analysis

According to type, the market can be segmented into On-premises Secure Email Gateway, Cloud-based Secure Email Gateway, Hybrid Secure Email Gateway.

• By Application Analysis

Based on application, the market can be divided into Telecom and IT, Healthcare, Government Sector, Media and Entertainment, Banking and Insurance, Other.

Driving Factors

"Rise in Cybersecurity Threats to Drive Market Growth"

With the increasing number of cyber threats, including phishing attacks, ransomware, and email-based malware, organizations are becoming more conscious of the need to secure their email communications. Email Gateways play a crucial role in protecting against these threats and safeguarding sensitive information. Various industries are subject to strict data protection regulations, such as GDPR (General Data Protection Regulation) and HIPAA (Health Insurance Portability and Accountability Act). Secure Email Gateways help organizations comply with these regulations by enforcing email security policies and preventing data leaks. Cloud-based email services are becoming increasingly popular due to their flexibility and cost-effectiveness. As organizations transition to cloud-based email platforms like Microsoft 365 and Google Workspace, the need for cloud-based email gateways to protect these services grows as well. The trend of remote work has accelerated in recent times, and it has made organizations more vulnerable to cyber threats. An email gateway ensures that remote employees can communicate securely and prevents cyber attackers from exploiting vulnerabilities associated with remote work setups. All these factors are contributing to secure email gateway market growth.

Restraining Factors

"Data Privacy and Compliance Concerns to Restrict Market Growth "

Email security often involves scanning and analyzing the content of emails, which raises concerns about data privacy and compliance with regulations like GDPR. Organizations had to ensure that their SEG solutions met the necessary data protection standards. Integrating SEG solutions into existing email infrastructures could be complex and time-consuming, especially for large organizations with multiple email systems or cloud-based email providers.

Secure Email Gateway Market Regional Insights

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"Presence of Key Players in North America Anticipated to Drive Market Expansion "

North America holds leading position in secure email gateway market share. The region, particularly the United States, has been at the forefront of adopting advanced email security solutions to protect sensitive information and combat cyber threats. This region has a significant concentration of businesses and organizations that handle a substantial volume of emails daily. As a result, there is a higher demand for robust email security solutions.

Key Industry Players

"Adoption Innovative Strategies by Key Players Influencing Market Growth"

Prominent market players are making collaborative efforts by partnering with other companies to stay ahead of the competition. Many companies are also investing in new product launches to expand their product portfolio.

The top key players in the market are Cisco Systems, Symantec, Mimecast Services, Proofpoint, Raytheon (Forcepoint). The strategies to develop new technologies, capital investment in R&D, improve product quality, acquisitions, mergers, and compete for the market competition help them to perpetuate their position and value in the market. Besides, collaboration with other companies & extensive possession over market shares by the key players stimulates market demand.

List of Market Players Profiled

• Cisco Systems
• Symantec
• Mimecast Services
• Proofpoint
• Raytheon (Forcepoint)     

Report Coverage

This report examines an understanding of the secure email gateway market’s size, share, and growth rate, segmentation by type, application, key players, and previous and current market scenarios. The report also collects the market’s precise data and forecasts by market experts. Also, it describes the study of this industry’s financial performance, investments, growth, innovation marks, and new product launches by the top companies and offers deep insights into the current market structure, competitive analysis based on key players, key driving forces, and restraints that affect the demand for growth, opportunities, and risks.

Furthermore, the post-COVID-19 pandemic’s effects on international market restrictions and a deep understanding of how the industry will recover, and strategies are also stated in the report. The competitive landscape has also been examined in detail to provide clarification of the competitive landscape.

This report also discloses the research based on methodologies that define price trend analysis of target companies, collection of data, statistics, target competitors, import-export, information, and previous years’ records based on market sales. Moreover, all the significant factors which influence the market such as small or medium business industry, macro-economic indicators, value chain analysis, and demand-side dynamics, with all the major business players have been explained in detail. This analysis is subject to modification if the key players and feasible analysis of market dynamics change.