LONDON–(BUSINESS WIRE)–Global email hosting services market size is expected to grow by USD 25.70 billion between 2020 and 2024. The report also provides the market impact and new opportunities created due to the pandemic of COVID-19. The impact can be expected to be significant in the first quarter, but gradually diminish over the following quarters – with a limited impact on economic growth for the year as a whole, according to the latest study report Technavio Marketplace. Request a free sample report
The adoption of the bring your own device (BYOD) policy, in conjunction with cloud services, is on the rise across the globe. Enterprises with cloud-based systems are adopting the BYOD policy to enable an efficient work culture and provide their employees with access to the desktop system from home. This allows employees to access required data, files and emails through the cloud. Additionally, the implementation of mobile device management (MDM), strong access protocols, cloud and on-disk data encryption, and virus protection further strengthen the security of BYOD policies, thereby encouraging the market growth.
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According to Technavio, the growing adoption of AI will have a positive impact on the market and contribute significantly to its growth over the forecast period. This research report also analyzes other important trends and market drivers that will influence the growth of the market during the period 2020-2024.
Email Hosting Services Market: Growing Adoption of AI
Rising adoption of AI is expected to be one of the major trends in the email hosting services market during the forecast period. Hosted messaging solutions powered by artificial intelligence (AI) enable communication through digital assistants. This allows users to access important emails, meeting schedules, and calendars hands-free. Al also helps in composing, editing, prioritizing and scheduling emails via voice commands. Additionally, an Al platform, using data based on messaging habits and patterns, can facilitate better organization of inboxes with multi-level clustering. For example, players provide Al-based functionality for apps, which includes sorting emails by determining importance and priority.
“Factors such as the presence of affordable hosted email services and the growing adoption of email hosting services by financial institutions will have a significant impact on the growth of the email hosting services market value over the course of the forecast period,” said a senior analyst at Technavio. .
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Email Hosting Services Market: Segmentation Analysis
This market research report segments the email hosting services market by type (webmail and hosted messaging) and geography (North America, Europe, APAC, South America and MEA).
The North American region dominated the email hosting services market in 2019, followed by Europe, APAC, South America and MEA respectively. During the forecast period, the North American region is expected to register the highest incremental growth due to factors such as migration to cloud from existing on-premises email accounts and implementation of privacy policies. bring your own device (BOYD). with enhanced device security and email security solutions.
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Some of the main topics covered in the report include:
Ranking of suppliers
Positioning on the supplier market
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