During the forecast period from 2017 to 2027, the global cloud business email market is anticipated to expand at a CAGR of 10.4%, reaching a market value of about USD 2.15 billion. The market is being stimulated by the use of the cloud in routine corporate operations, which has made it easier for enterprises to manage their everyday operations. Additionally, the COVID-19 epidemic accelerated the use of cloud-based solutions, significantly increasing market growth.
North America is predicted to take the lead in the market and become the biggest regional participant as a result of the technological advances. The market value that Europe can acquire is USD 498.5 million, while the APEJ is anticipated to acquire USD 823.2 million between 2017 and 2027.
Financial institutions throughout Europe have embraced hosted cloud services quickly in recent years to ensure quick delivery of financial services in an effort to meet shifting customer and industry demands with increased efficiency and much less security risk. All of this is helping the cloud business email industry in Europe grow in terms of revenue.
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Key Players :
Prominent companies in the cloud business email market includes
- Microsoft Corporation,
- IBM Corporation,
- Google Inc.,
- Micro Focus International Plc.,
- NEC Corporation,
- Amazon Web Services, Inc.,
- Hitachi,
- J2 Global Inc.,
- Fujitsu, and among others.
Western Europe and North America would essentially be higher development markets in the global cloud business email market after APEJ. While APEJ will record incremental prospects of US$ 823.2 Million over the evaluation period, the Western Europe market will show stable incremental prospects of US$ 498.5 Million.
Key Takeaways from Market Study
The solution provider is incessantly centering on carrying out the G suite with add-on AI features to provide enhanced delivery of enterprise email in an offer to pull in users. Illegal intrusions, increasing cyber threats, and data security issues, which is the foremost challenge for the worldwide market. The mainframe, UNIX, Linux, Windows, and others, these are functioning environment catered for the market. The rising acceptance of BYOD technology in business enterprises is a foremost prospect for the worldwide market.
Increasing Adoption of Cloud Business Email Solution amid the COVID-19 Pandemic outbreak
Nowadays, the COVID-19 crisis around the world showed that several organizations need to ensure they can work from anywhere, anytime, and creating greater urgency to adopting all forms of cloud. During this COVID-19 crisis, office-based employees have become remote workers. Cybercriminals can take advantage of distracted employee web browsing behavior and email behavior. As a result of COVID-19, Cybercriminals are also taking advantage of extensive discussion of the outbreak in cloud business emails and across the web. There continues steady growth in the number of COVID-19-related spear-phishing attacks, up 67% since the end of March. Increasing adoption of cloud business email solution with artificial intelligence to detect signs of malicious intent and deception with every email.
Increasing Demand of Hosted Cloud Services by Financial Institutions
Financial institutions across the globe have been quick in the adoption of hosted cloud services across public clouds to ensure speedy delivery of financial services in a bid to meet changing industry and customer demands with more efficiency and greater ease of security concerns. This is significantly adding to the revenue growth of the cloud business email market.
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More Valuable Insights on Cloud Business Email Market
FMI’s report on the cloud business email market is segmented into three major sections such as operating environment (windows, Linux, Unix, Mainframe, and others), verticals (BFSI, healthcare, media & entertainment, IT & telecom, energy & power, automotive, consumer goods & retail, and others), and region to help readers understand and lucrative evaluate opportunities in the cloud business email market.
Cloud Business Email Market: Segmentation
The global Cloud Business Email market is segmented in detail to cover every aspect of the market and present a complete market intelligence approach to readers.
By Operating Environment:
- Windows
- Linux
- Unix
- Mainframe
- Others
By Verticals:
- BFSI
- Healthcare
- Media & Entertainment
- IT & Telecom
- Energy & Power
- Automotive
- Consumer Goods & Retail
- Others
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia & Pacific
- Middle East & Africa
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