The email application is mainly used for trading mails; however, it does include various features such as a calendar, task manager, contact manager, note-taking, journal, and web browsing. In addition, these applications are also used as standalone applications and can function with some exchange servers for multiple users in an organization. This can facilitate shared mailboxes and calendars, SharePoint lists, meeting schedules and exchange of public folders.
Nowadays, the on-premises sub-segment dominates in terms of market share of the global email applications market, but with the growing popularity of email applications on cloud-based platforms, this sub-segment is expected to lose market share significantly during the forecast period. The value of the global email applications market is anticipated to witness a CAGR of 5.2% during the forecast period of 2020-2030.
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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