LONDON–(COMMERCIAL THREAD) – The global email hosting services market is expected to grow by USD 25.70 billion during the period 2020-2024. The report also provides the market impact and new opportunities created due to the COVID-19 pandemic. We expect the impact to be significant in the first quarter, but to gradually ease over the following quarters, with limited impact on full-year economic growth.
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The adoption of the Bring Your Own Device (BYOD) policy, in conjunction with cloud services, is increasing around the world. Companies with cloud-based systems adopt the BYOD policy to enable an efficient work culture and provide their employees with access to the office system from their home. This allows employees to access required data, files and emails in the cloud. In addition, the implementation of mobile device management (MDM), strong access protocols, cloud and disk data encryption, and virus protection further strengthen the security of BYOD policies, thereby encouraging the market growth.
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The global COVID-19 outbreak is expected to positively impact the growth of the email hosting services market during the forecast period. The demand for email hosting services will increase further due to the expansion of lockdown and containment efforts around the world. The information technology sector is expected to have a mixed impact due to the coronavirus outbreak and is expected to grow at a neutral growth rate.
According to Technavio, the increasing adoption of AI will positively impact the market and contribute to its growth significantly during 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 AI Adoption
The increasing 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 times and calendars hands-free. Al also helps compose, edit, prioritize and schedule emails via voice commands. In addition, an Al platform, using data based on email habits and patterns, can facilitate better organization of inboxes with multi-tier 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 increasing adoption of email hosting services by financial institutions will have a significant impact on the growth in the value of the email hosting services market over the course of 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 email) 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 America region is expected to experience the highest incremental growth due to factors such as migration to the cloud from existing on-premises email accounts and the implementation of Bring Your Own Device (BOYD) policies. with enhanced device security and email security solutions.
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Some of the main topics covered in the report include:
Positioning of sellers in the market
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