Another Day, Another Threat
The increasing adoption of bring-your-own-device among organizations, stringent regulations and the need for compliance, and the introduction of cloud-based encryption is expected to drive email security growth. The rate of phishing and email scams has spiked in the pandemic, and organizations have in response become more cautious when it comes to protecting confidential data stored on email servers.
The rapid growth in the use of cloud services has given rise to new and sophisticated threats, such as spear phishing, trojans, ransomware, business email compromise scams, social engineering, and malware and spam, which have put organizations’ critical data at risk. Email encryption solutions are gaining traction due to the increasing demand among enterprises to protect business information and infrastructure.
The global email encryption market size is expected to grow at a compound annual growth rate of 23.8 percent over the next half-decade, going from $3.4 billion in 2020 to $9.9 billion by 2025, MarketsandMarkets found. Businesses in North America have been the most aggressive about adopting email encryption to prevent cyberattacks and commercial espionage as well as ensure the security and privacy of data.
As part of CRN‘s annual Security 100 list, here are 20 web, application and email security companies that have doubled down on everything from safeguarding cloud applications and embedding certificates on chips to identifying vulnerabilities in open-source software and protecting against impersonation and phishing attacks.