Market Share of Cloud-based Email Security Industry
The global cloud-based email security market is consolidated due to fewer players occupying the larger market share. The new players are trying to penetrate the established market. Some key players in the market are Cisco Systems Inc., Proofpoint Inc., Trend Micro Inc., and Fortinet Inc. Some recent developments in the market include:
- September 2023 - Proofpoint, Inc., a cybersecurity and compliance company, introduced industry-first innovations that address the top risks organizations face today—from business email compromise (BEC), the leading cause of financial loss for organizations, to ransomware and data exfiltration. The unified solutions, declared at Proofpoint Protect 2023, span the company’s Aegis Threat Protection, Identity Threat Defence, and Sigma Information Protection platforms to thwart threats across the numerous critical stages of the attack chain.
- May 2023 - LogRhythm announced a technology partnership with Mimecast to offer an advanced combination of email security, enterprise security, and threat management capabilities. The company will likely integrate Mimecast’s email security capabilities with LogRhythm’s enterprise threat management. Through this integration, both companies aim to help organizations around the globe protect against modern cyber-attacks.
- April 2023 - Cisco revealed the latest progress towards its vision of the Cisco Security Cloud, a unified, AI-driven, cross-domain security platform. Cisco’s new XDR solution and the release of advanced features for Duo MFA will help organizations better protect the integrity of their entire IT ecosystem.
Cloud-based Email Security Market Leaders
Cisco Systems Inc.
Trend Micro Inc.
Proofpoint Inc.
Fortinet Inc.
Broadcom Inc.
*Disclaimer: Major Players sorted in no particular order
