Messaging Security Market Forecasts to 2028 – Global Analysis By Communication Type (Email, Instant Messaging), Component (Solution, Service), Security Type, Deployment Mode, Application, End User, and By Geography

Messaging Security Market Forecasts to 2028 – Global Analysis By Communication Type (Email, Instant Messaging), Component (Solution, Service), Security Type, Deployment Mode, Application, End User, and By Geography

According to Stratistics MRC, the Global Messaging Security Market is accounted for $4.73 billion in 2021 and is expected to reach $13.54 billion by 2028 growing at a CAGR of 16.2% during the forecast period. Messaging security can be described as the practice of encrypting messages on a device to protect the messaging infrastructure. It is utilized for developing a secure network, restricting unwanted messages and protecting the devices against various threats. It can be deployed on cloud and on-premises, due to which it finds extensive applications across various sectors, including information technology (IT), real estate, government, defense, healthcare, and banking, financial services and insurance (BFSI). It involves pattern-based anti-spam, email antivirus, internet protocol (IP) reputation-based anti-spam, email intrusion prevention, administrator-defined allow/block lists and zero-hour malware detection systems.

Market Dynamics:

Driver:

Rising popularity of cloud-based and virtual appliance-based solutions

The widespread adoption of virtual appliance-based and cloud-based solutions is providing a boost to the market growth. Organizations are operating through multi-cloud environments and Software-as-a-Service (SaaS)-based platforms to manage sensitive data of users. Cloud arrangement empowers undertaking to zero in on center business skills. It gives detailed information insurance and security effectively oversees capacity and protection issues, offers information trustworthiness and gives data identified with administration, and makes venture legitimately pre-arranged. This has resulted in the increasing use of email and messaging security services for intra-company communication and coordinating with other parties.

Restraint:

High cost of the security solutions

Notable expense for cutting-edge informing security arrangements is turning into a significant restriction for the development of the market. The Research and Development (R&D) cost to foster front-line informing security arrangements are high, which leads to a high valuing of the security arrangements. As the recurrence of safety breaks has expanded in recent years, associations have expanded their IT security speculations to ensure against cutting-edge informing dangers. In addition, for solid and progressed security, the expense of advancement is still high, and numerous associations see budgetary limitations as a boundary to development in the Market. This is one of the factors which are restraining the development of the market.

Opportunity:

Increasing need to protect the data from messaging malware threats

The rising rates of cyberattacks, combined with the developing need to shield classified and touchy data from informing malware dangers, address a portion of the critical drivers for the worldwide Messaging Security Market. Expanding interest for the assurance of private data from informing malware dangers and the speeding up interest for cell phones for smoother correspondence among undertakings and their representatives through an organization ensured against dangers are relied upon to drive the Messaging Security Market over the estimated years.

Threat:

Complexity of network infrastructure

The market can be utilized as a program that aid different administrators in finding a way to handle the broad difficulties of their informing administration. Besides, informing security is received for creating free from any and all harm network informing against the security dangers, across Email, SMS, MMS or RCS/SIP. The innovation is utilized to confine undesirable messages, yet it is additionally the security stage comprising the capacity to obstruct the picture and different spam. The innovation can likewise be utilized to decrease informing misuse, antivirus insurance, and obstructing superfluous email and messages.

The banking, financial services, and insurance (BFSI) segment is expected to be the largest during the forecast period

The banking, financial services, and insurance (BFSI) segment is estimated to have a lucrative growth. Banking institutions are pushed to adopt a proactive approach to security, thereby incorporating cloud-based security platforms with greater customer expectations, growing technological capabilities, and regulatory requirements. Email securities solutions help reduce risks, implementation time, and costs for banks that try to keep pace with regulations regarding organizational access control. The data is continuously growing, primarily due to the increase in the number of e-transactions. Email exchanges within this sector amongst employees and customers contain crucial valuable information that is lucrative and can result in a high gain for hackers. Moreover, organizations in the investment banking sector use emails as the primary mode of communication internally and externally. They also use measures to encrypt and limit eavesdropping and hacking of their email accounts.

The software-as-a-service (SaaS)/cloud segment is expected to have the highest CAGR during the forecast period

The software-as-a-service (SaaS)/cloud segment is anticipated to witness the fastest CAGR growth during the forecast period owing to the high adoption of cloud-computing among industries due to its too easy availability and low cost. Achieve zero-effort device upgrade since messages and attachments are stored in the cloud--switching to a new device is as simple as installing the app and entering the password. Moreover, cloud-based enterprise messaging solution allows employees to seamlessly switch from smartphones to tablets to laptops--and enables IT to effortlessly upgrade company-owned devices.

Region with highest share:

Asia Pacific is projected to hold the largest market share during the forecast period. Asia Pacific has arisen as the quickest developing business sector in the informing security market. The huge presence of medical care and IT sectors in China & Japan and the rich help industry in India just as developing economies of the Asian nations are boosting the Messaging Security market growth in the Asia Pacific region.

Region with highest CAGR:

North America is projected to have the highest CAGR over the forecast period due to the presence of several global players in the region, especially in the U.S. and Canada. The growing penetration of the Internet and increasing attacks over enterprise communications have led to the growing messaging security needs. In North America, enterprises are focusing on end-to-end encryption messaging applications and services to provide the most secure collaboration platforms, which help to secure enterprise data. There has been an exponential growth of data, with an increase in the number of e-transactions. Hence, organizations based out of the region, which use emails as a primary mode of communication, both internally and externally, are taking measures to encrypt and limit eavesdropping and hacking of their email accounts.

Key players in the market

Some of the key players profiled in the Messaging Security Market include Adaptive Mobile Security Limited, Barracuda Networks Inc, Check Point Software Technologies Ltd, Cisco Systems Inc, Forcepoint, F-Secure Corporation, Google Inc, GreatHorn, Inc, GWAVA, Inc, McAfee LLC, Microsoft Corporation, Mimecast Services Limited, Perception Point, Proofpoint Inc, Quick Heal Technologies Ltd, Sophos Ltd, Symantec Corporation, Trend Micro Incorporated, and Trustwave Holdings Inc.

Key Developments:

In January 2020, Accenture has agreed to acquire Symantec’s Cyber Security Services business from Broadcom, Inc. The acquisition will make Accenture Security one of the leading providers of managed security services, further enhancing its ability to help companies rapidly anticipate, detect and respond to cyber threats. With the addition of Symantec’s Cyber Security Services business, Accenture Security will offer one of the most comprehensive managed services for global businesses to detect and manage cybersecurity threats aimed at their companies.

In January 2020, Perception Point launched its Internal Email Security product, completing the company's email security offering, and enabling organizations to protect themselves from threats stemming from within. While other solutions in the market require compromise on either content usability (e.g. CDR) or speed and scale (sandbox), Perception Point's technology is the only solution that answers both needs in a single platform.

In November 2020, Trend Micro, an American multinational cybersecurity software company, patched several vulnerabilities in its InterScan Messaging Security product, including flaws that may have a serious impact.

Communication Types Covered:
• Email
• Instant Messaging

Components Covered:
• Solution
• Service

Security Types Covered:
• Personal Message Security
• Enterprise Message Security

Deployment Modes Covered:
• Hybrid
• On-premises
• Software-as-a-Service (SaaS)/Cloud

Applications Covered:
• Data Loss Prevention
• Malware Protection
• Message Filter
• Spam Protection

End Users Covered:
• Banking, Financial Services, and Insurance (BFSI)
• Education
• Government
• Healthcare and Lifesciences
• Manufacturing and Automotive
• Media and Entertainment
• Retail and eCommerce
• Telecom and IT
• Utilities and Logistics
• Real Estate

Regions Covered:
• North America
US
Canada
Mexico
• Europe
Germany
UK
Italy
France
Spain
Rest of Europe
• Asia Pacific
Japan
China
India
Australia
New Zealand
South Korea
Rest of Asia Pacific
• South America
Argentina
Brazil
Chile
Rest of South America
• Middle East & Africa
Saudi Arabia
UAE
Qatar
South Africa
Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
Comprehensive profiling of additional market players (up to 3)
SWOT Analysis of key players (up to 3)
• Regional Segmentation
Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances