Messaging Security Market to Reach $21.6 Billion, Globally, by 2032 at 14.3% CAGR: Allied Market Research

 The global messaging security market is experiencing growth due to a rise in online threats and an increase in need of rules and regulations. 

PORTLAND, Ore., Sept. 12, 2023 /PRNewswire/ -- Allied Market Research published a report, titled, "Messaging Security Market by Component (Solution and Service), Communication Mode (Email and Instant Messaging), Deployment Mode (On-premise and Cloud), End User (BFSI, Government and Defense, Healthcare, Retail and E-commerce, Media and Entertainment, Manufacturing, and Others), and Region (North America, Europe, Asia-Pacific, and LAMEA): Global Opportunity Analysis and Industry Forecast, 2022-2032." According to the report, the global generated $5.9 billion in 2022, and is estimated to reach $21.6 billion by 2032, witnessing a CAGR of 14.3% from 2023 to 2032. The report offers a detailed analysis of changing market trends, top segments, key investment pockets, value chains, regional landscapes, and competitive scenarios. 

The messaging security market refers to the segment of the economy dedicated to providing products and services aimed at protecting communication channels from a variety of online threats. This market encompasses a wide array of tools and methods designed to ensure the availability, confidentiality, and integrity of communications transmitted through diverse platforms, including email, instant messaging, and collaborative software. In today's digital era, organizations heavily depend on messaging platforms for their daily operations.  

Prime determinants of growth  

Factors such as the rise in online threats and increase in need of rules and regulations primarily drive the growth of the messaging security market. However, the rise in cost of implementation and complexity of security solutions hamper the market growth severely. Moreover, a rise in adoption of cloud platforms is expected to provide lucrative opportunities for market growth during the forecast period. 

Download Sample Pages: https://www.alliedmarketresearch.com/request-sample/15060

Report coverage & details: 

Covid-19 Scenario 

• The demand for messaging security solutions has increased as a result of the unexpected transition to remote work and greater reliance on digital communication platforms. 
• Cybercriminals have used the pandemic to execute specialized attacks including phishing campaigns and malware distribution, taking advantage of messaging platform weaknesses. 
• Organizations have therefore boosted their investment on messaging security solutions to safeguard their sensitive data and reduce the risks brought on by these cyberthreats. 
• In order to safeguard these communication channels' confidentiality, integrity, and availability and shield critical information from unauthorized access and data breaches, messaging security solutions have become increasingly important. 

Enquiry Before Buying: https://www.alliedmarketresearch.com/purchase-enquiry/15060

The solution segment to maintain its leadership status throughout the forecast period 

Based on component, the solution segment held the highest market share in 2022, accounting for more than two-thirds of the messaging security market revenue and is estimated to maintain its leadership status throughout the forecast period, owing to protect messaging systems such as email, instant messaging, and social media, it necessitates a variety of security methods, such as encryption, authentication, access controls, and threat detection. However, the services segment is projected to manifest the highest CAGR of 16.3% from 2023 to 2032, owing to ensure the effectiveness of the messaging security measures, they assist organizations in identifying vulnerabilities, creating security rules, configuring and integrating security technologies, and performing routine audits and assessments. 

The email segment to maintain its leadership status throughout the forecast period 

Based on communication mode, the email segment held the highest market share in 2022, accounting for around two-thirds of the messaging security market revenue and is estimated to maintain its leadership status throughout the forecast period, owing to the usage of personal devices or insecure networks by remote workers. However, instant messaging segment is projected to manifest the highest CAGR of 16.6% from 2023 to 2032, owing to rise of remote work, many organizations now rely heavily on instant messaging systems for team collaboration and information exchange. 

The on-premise segment to maintain its leadership status throughout the forecast period 

Based on deployment mode, the on-premise segment held the highest market share in 2022, accounting for more than three-fifths of the messaging security market revenue and is estimated to maintain its leadership status throughout the forecast period, owing to the organizations that can customize and have more control over their messaging security architecture using the on-premise deployment strategy, which presents a number of benefits and opportunities. However, cloud segment is projected to manifest the highest CAGR of 15.6% from 2023 to 2032, owing to secure their messaging systems by utilizing the scalability and flexibility of cloud infrastructure. 

The BFSI segment to maintain its leadership status throughout the forecast period 

Based on end user, the BFSI segment held the highest market share in 2022, accounting for more than one-third of the messaging security market revenue and is estimated to maintain its leadership status throughout the forecast period, owing to provide secure communication channels, authenticate users, prevent unauthorized access, and enforce encryption and data protection protocols by setting strong messaging security measures. However, the media and entertainment segment is projected to manifest the highest CAGR of 19.0% from 2023 to 2032, owing to streaming services, digital downloads, and online collaborations, messaging systems have become the norm for exchanging sensitive data and intellectual property. 

Asia-Pacific region to garner the major share by 2032 

Based on region, the North America segment held the highest market share in terms of revenue in 2022, accounting for nearly two-fifths of the messaging security market revenue, owing to the increasing reliance on digital communication and the changing threat landscape, the North America region. However, the Asia-Pacific region is expected to witness the fastest CAGR of 18.0% from 2023 to 2032, owing to protect sensitive information, stop phishing attacks, and adhere to data protection laws, businesses and individuals in the region are investing in secure messaging solutions, encryption technology, and threat detection systems. 

Buy this Complete Report (372 Pages PDF with Insights, Charts, Tables, and Figures) at:

https://www.alliedmarketresearch.com/messaging-security-market/purchase-options

Leading Market Players: - 

• McAfee, Llc  
• Cisco Systems, Inc.  
• Trend Micro Incorporated  
• Microsoft Corporation  
• Broadcom  
• Proofpoint, Inc.  
• Sophos Ltd.  
• Barracuda Networks, Inc.  
• F-Secure  
• Check Point Software Technologies Ltd. 

The report provides a detailed analysis of these key players of the messaging security market. These players have adopted different strategies such as new product launches, collaborations, expansion, joint ventures, agreements, and others to increase their market share and maintain dominant shares in different countries. The report is valuable in highlighting business performance, operating segments, product portfolio, and strategic moves of market players to showcase the competitive scenario. 

AVENUE- A Subscription-Based Library (Premium on-demand, subscription-based pricing model):

AMR introduces its online premium subscription-based library Avenue, designed specifically to offer cost-effective, one-stop solution for enterprises, investors, and universities. With Avenue, subscribers can avail an entire repository of reports on more than 2,000 niche industries and more than 12,000 company profiles. Moreover, users can get an online access to quantitative and qualitative data in PDF and Excel formats along with analyst support, customization, and updated versions of reports.

Get an access to the library of reports at any time from any device and anywhere. For more details, follow the link: https://www.alliedmarketresearch.com/library-access

Trending Reports in ICT & Media Industry:

Artificial Intelligence in Education Market Size is Expected to Reach $88.2 Billion by 2032

Retail Analytics Market Size is Expected to Reach $58.4 Billion by 2032

Containers as a Service Market Size is Expected to Reach $20.7 Billion by 2032

North America Industry 4.0 Market Expected to Reach $189.62 Billion by 2032

Mobile Application Security Market Size is Expected to Reach $37.1 Billion by 2032

About Us

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

Contact:
United States
1209 Orange Street,
Corporation Trust Center,
Wilmington, New Castle,
Delaware 19801 USA.
Int'l: +1-503-894-6022
Toll Free: +1-800-792-5285
Fax: +1-800-792-5285
[email protected]

Logo: https://mma.prnewswire.com/media/636519/Allied_Market_Research_Logo.jpg

SOURCE Allied Market Research

WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM?

440k+
Newsrooms &
Influencers

9k+
Digital Media
Outlets

270k+
Journalists
Opted In

GET STARTED