The global email application market is on a trajectory of substantial growth, with projections indicating an increase from USD 1.23 billion in 2022 to USD 3.76 billion by 2033. According to recent industry analysis, the market is set to achieve a notable compound annual growth rate (CAGR) of 10.7%, driven by increasing reliance on digital communication tools and evolving business needs worldwide.
As of the end of 2023, the email application market is anticipated to reach a valuation of US$ 1.36 billion, underscoring its steady expansion and pivotal role in modern communication ecosystems. The rising adoption of email applications across enterprises, coupled with advancements in technology and user interface improvements, contributes to this growth trajectory.
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Key Takeaways of Email Applications Market Study
- Among the deployment segment, the pubic cloud sub-segment is expected to witness a high growth rate during the forecast period, due to the flexibility and convenience offered by cloud applications.
- East Asia is expected to create lucrative growth opportunities for players in the email applications market, owing to increasing penetration of email application to manage business connections and profile on social networking websites in the countries of this region.
Increasing Adoption of Email Applications Market amid the COVID-19 Pandemic outbreak
During the COVID-19 crisis, remote working brings productivity challenges and new security risks. Cybercriminals can take advantage of distracted employee email behavior and web browsing behavior. Secure remote workers from the rising volume of COVID-19-themed email threats that impersonate organizations like World health organization (WHO) and centers for disease control and prevention (CDC).
According to a leading IT security company Barracuda Networks, there has been a surge in spear-phishing email attacks since January 2020, where they detected more than 9000 phishing emails linked to COVID-19 financial donation subjects, alone in the month of March 2020.
Who are the major companies leading cognitive systems spending market?
Prominent companies in the Cognitive Systems Spending market includes International Business Machines Corporation, Accenture Plc., HP Inc., Microsoft Corp., Intel Corporation, Attivio, Wipro Limited, Cognitive Scale Inc., IPsoft Inc. and among others.
More Valuable Insights on Email Applications Market
FMI’s report on the email applications market is segmented into two major sections such as deployment type (public cloud, and on premises), and region to help readers understand and lucrative evaluate opportunities in the email applications market.
Cognitive Systems Spending Market: Segmentation
The global cognitive systems spending market is segmented in detail to cover every aspect of the market and present a complete market intelligence approach to readers.
Product Type
- Hardware
- Software
- Services
Deployment Type
- Public
- On-Premise
Technology Type
- Natural Language Processing
- Machine Learning
- Automated Reasoning
By Verticals
- Banking
- Education
- Government
- Healthcare
- Insurance
- Manufacturing
- Securities and Investment Services
- Telecommunicati-ons
By Region
- North America
- Latin America
- Europe
- East Asia
- South Asia & Pacific
- MEA
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