In today’s world, email is a crucial aspect of communication, especially in business environments. With the increase in cyber threats and email-based attacks, the need for cloud email security solutions has become paramount.

In this blog post, we’ll be discussing statistics related to cloud email security solutions, including their adoption, usage, effectiveness, and impact on businesses.

Key Cloud Email Security Solutions Statistics 2023 – MY Choice

  • According to a report by MarketsandMarkets, the global cloud email security market size is expected to grow from $1.5 billion in 2019 to $5.3 billion by 2024, at a Compound Annual Growth Rate (CAGR) of 27.4%.
  • A study conducted by Mimecast found that 60% of organizations experienced a phishing attack in 2020, with 66% of those attacks arriving via email.
  • The same study by Mimecast found that 58% of IT decision makers believe that email is the most vulnerable threat vector for their organization.
  • A report by Verizon found that 94% of malware is delivered via email.
  • The same report by Verizon found that the median time to detect a compromise in an organization’s email system is 16 days, with the median time to contain the breach being 49 days.
  • A survey by Proofpoint found that 88% of organizations experienced at least one spear-phishing attack in 2019.
  • The same survey by Proofpoint found that 83% of respondents experienced a phishing attack in 2019.
  • According to a study by Barracuda Networks, 29% of email attacks in 2020 used brand impersonation, which involves attackers posing as trusted brands to trick users into clicking on malicious links or attachments.
  • Another report by Barracuda Networks found that the number of email attacks targeting employees working from home increased by 273% in the first half of 2020, compared to the same period in 2019.
  • A study by Cisco found that the average company receives 115 suspicious emails per day, with only 14% of those emails being blocked by existing security solutions.

Adoption of Cloud Email Security Solutions

  1. The global cloud email security market was valued at $2.82 billion in 2020.
  2. The market is expected to grow at a CAGR of 18.2% from 2021 to 2028.
  3. The cloud email security market is expected to reach $8.9 billion by 2028.
  4. 67% of organizations have adopted cloud email security solutions.
  5. 57% of organizations consider cloud-based email security as a priority.

Usage of Cloud Email Security Solutions

  1. 85% of organizations have reported an increase in email-based attacks in the last 12 months.
  2. Email phishing attacks are the most common form of email-based attacks, with a reported frequency of 83%.
  3. 70% of organizations have reported an increase in ransomware attacks in the last 12 months.
  4. 96% of organizations believe that email security is critical for their business operations.
  5. 89% of organizations use email encryption to protect their sensitive information.

Effectiveness of Cloud Email Security Solutions

  1. Cloud email security solutions can reduce the risk of a successful email-based attack by up to 99.99%.
  2. 91% of organizations reported that cloud email security solutions have been effective in blocking email-based attacks.
  3. Cloud email security solutions can detect and block phishing attacks with an accuracy rate of up to 99%.
  4. 93% of organizations believe that cloud email security solutions have improved their overall security posture.
  5. Cloud email security solutions can reduce the risk of a data breach by up to 90%.

Impact of Cloud Email Security Solutions on Businesses

  1. 47% of organizations have experienced a security breach related to email.
  2. 60% of organizations that experience a security breach related to email go out of business within six months.
  3. The average cost of a data breach is $3.86 million.
  4. Cloud email security solutions can save organizations up to $1.5 million in data breach costs.
  5. 72% of organizations believe that cloud email security solutions have improved their productivity.

Cloud Email Security Solutions vs. On-Premises Solutions

  1. Cloud email security solutions are 60% cheaper than on-premises solutions.
  2. 71% of organizations that have adopted cloud email security solutions have reported a reduction in IT infrastructure costs.
  3. Cloud email security solutions can reduce the need for IT staff by up to 30%.
  4. 75% of organizations believe that cloud email security solutions are more reliable than on-premises solutions.
  5. 79% of organizations believe that cloud email security solutions are more scalable than on-premises solutions.

Cloud Email Security Solutions and Compliance

  1. 62% of organizations believe that cloud email security solutions help them comply with regulatory requirements.
  2. Cloud email security solutions can help organizations comply with regulations such as HIPAA, GDPR, and CCPA.
  3. 83% of organizations believe that cloud email security solutions have improved their compliance posture.
  4. Cloud email security solutions can help organizations avoid regulatory fines, which can reach up to 4% of their annual revenue.
  1. In a survey of IT decision-makers, 57% said that they have increased their use of cloud-based email security solutions in the past year.
  2. 52% of IT professionals surveyed believe that email is the top security threat facing their organization.
  3. According to a study, the average cost of a data breach for organizations using cloud-based email security solutions is $1.5 million, compared to $4.4 million for those without such solutions.
  4. The market for cloud email security solutions is expected to reach $12.6 billion by 2027, growing at a CAGR of 19.6% from 2020 to 2027.
  5. Cloud-based email security solutions use advanced machine learning algorithms to detect and prevent spam, phishing attacks, and other email-borne threats.
  6. The adoption of cloud email security solutions is expected to be driven by the growing use of cloud email services, increasing sophistication of cyberattacks, and rising regulatory compliance requirements.
  7. Cloud email security solutions are offered by various vendors, including Microsoft, Google, Barracuda Networks, Proofpoint, Mimecast, and Cisco.
  8. A survey found that 94% of organizations believe that cloud email security solutions are effective at preventing email-borne threats.
  9. The most common types of email-borne threats include phishing attacks, malware, ransomware, and business email compromise (BEC) attacks.
  10. Cloud email security solutions can provide organizations with advanced threat intelligence, email encryption, and other features to enhance their email security posture.

Key Features of Cloud Email Security Solutions

Cloud email security solutions offer a wide range of features to protect organizations from email-borne threats. Some of the key features include:

Advanced Threat Detection

Cloud email security solutions use advanced machine learning algorithms to detect and prevent spam, phishing attacks, and other email-borne threats. They can analyze email content, sender reputation, and other factors to identify suspicious activity and block potentially harmful emails.

Email Encryption

Email encryption is a critical feature of cloud email security solutions. It helps organizations protect sensitive information from unauthorized access by encrypting email messages and attachments. Encrypted emails can only be decrypted by authorized recipients, ensuring that sensitive data is kept secure.

Data Loss Prevention

Cloud email security solutions can also help organizations prevent data loss by monitoring outbound emails for sensitive information. They can detect and prevent the unauthorized transmission of confidential data, such as credit card numbers, social security numbers, and other personally identifiable information.

Advanced Threat Intelligence

Cloud email security solutions can provide organizations with advanced threat intelligence to help them stay ahead of emerging threats. They can analyze global threat trends and use machine learning algorithms to identify and block new threats in real-time.

User Awareness Training

Cloud email security solutions can also help organizations educate their users on how to identify and avoid email-borne threats. They can provide user awareness training, simulated phishing attacks, and other tools to help users understand the risks associated with email and how to stay safe online.

Conclusion

As email continues to be a top security threat facing organizations, cloud email security solutions are becoming an essential tool for protecting sensitive data and preventing cyberattacks.

With advanced threat detection, email encryption, data loss prevention, advanced threat intelligence, and user awareness training, cloud email security solutions can help organizations enhance their email security posture and stay ahead of emerging threats.

As the market for cloud email security solutions continues to grow, organizations can benefit from choosing the right solution that fits their unique security needs.

Hi, I'm Abdalslam, a seasoned digital marketing and software engineering professional. I review software to find the best tools that can help your online business thrive. I share my insights and experiences on my website, where 15,000 monthly readers join me. Before blogging, I managed digital marketing teams for SaaS startups, and my work has been recognized by major publications like RedHat, Oberlo, and Hostpapa. Join me to scale your startup influence.

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