Email Market Revenue to hit $64.2 billion with a Healthy CAGR

Email remains the most ubiquitous form of communication. Email accounts are required for any form of online presence from signing on to social media sites, to shopping online, to gaining access to online portals, as well as access to all forms of online communication.Electronic mail solution or preferably called email solution, specializes in the day-to-day management of your email services which allows users to remain focused on more critical operations of business. 

Email solution providers make it simple for organizations and enterprises to communicate across as well as get tasks implemented by offering a reliable, business suited email software to meet such needs.

The business email solution offers multiple layers of premium virus and spam protection and keep hosted email advertisement free. Business organizations across the globe are now steadily adopting the strategy of migrating their email to cloud to reduce costs. The enumeration of organizations migrating to cloud-based email and collaboration services has continued to build over the past few years, where previously small and medium business (SMB) were the key end-users of business email solutions, now larger organizations are aggressively moving to the cloud.

The current number of email users worldwide in 2015 is recognized to be about 2.6 billion, and this figure is expected to grow at a healthy CAGR of 18% till 2026. While total worldwide email traffic estimated to about 200 billion email per day in 2015, the corporate emails represent the major share of this total value.

Revenues for all segments of the Email Market combined is anticipated to breat the tape that read $64.2 billion by year-end 2022, an average annual growth rate of 18% from 2018-2022. This revenue growth is driven mainly by the migration of on-premises mailboxes to cloud mailboxes. 

Segments that constitutes of Email Market are as follows 

1. Enterprise Messaging Platforms - on-premises email and collaboration platforms that cater to the needs organizations of all sizes.
2. Messaging Platforms for Service Providers - messaging platforms deployed by business-oriented or consumer-oriented service providers to provide email services to their subscribers.
3. Cloud Business Email - cloud-based email services targeted at business organizations of all sizes for use in a multi-tenant or dedicated environment.
4. Email Clients – desktop or web-based interfaces for accessing and working with email.
5. Consumer Email - cloud-based email solutions targeted at consumers.

Forecasts are based on historical information as well as our in-depth knowledge of market conditions and how we believe markets will evolve over time. 

• Following Table shows the growth forecast for email users and revenues from 2018 to 2022.

There are over 3.8 billion email users worldwide, and this figure is expected to grow to over 4.2 billion by year-end 2022. 

The total worldwide email traffic, including both Business and Consumer emails, was estimated to be over 281 billion emails/day by year-end 2018 It is anticipated as pervarious market research companies and data that the email traffic to hit 333 billion emails/day by the end of 2022.

Growth Factors

Cloud-based email services are seeing strong growth and drawing organizations away  from on-premises solutions. The benefits of cloud adoption are clear to all organizations, and increasingly organizations of all sizes are moving to cloud email and collaboration services. 

Cloud Business Email providers are offering much more advanced security features, such as email encryption, archiving, DLP, and many other services, which help ease concerns about cloud privacy and security. There is strong increase in the adoption of full featured cloud business suites which offer a wide range of business collaboration services that go well beyond email. Google G Suite, Microsoft Office 365, and Hosted Microsoft Exchange are all seeing strong traction.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

This above chat displaye the size of the cloud business email market worldwide from 2015 to 2023. In 2023, the cloud business email market is projected to be worth 69.97 billion U.S. dollars annually, almost doubling its projected size in 2019