The global messaging security market size is anticipated to value USD 11.10 billion until 2025. It is also expected to register a CAGR of 13.7% over the forecasted years, 2017 to 2025. The rising need for ensuring security of messages, chats and confidential data is expected to trigger the market growth for messaging security solutions.
In 2016, the email protection segment dominated the global market on account of rising incidences of security breach prevailing among email repositories. The messaging gateway product segment is anticipated to witness a CAGR of 15.6% in the upcoming years due to the increasing awareness among businesses and consumers about risks associated with data leakage.
The corporate segment held the highest share in 2016 owing to the rising number of scams, virus attacks and threats that can result in loss of enterprise and corporate data. On the other hand, the residence end-use segment is expected to witness moderate growth on account of rising usage of tablets and smartphones to access user’s data, emails and applications.
In 2016, North America accounted for a significant share across the global market due to the increasing number of key players operating across this region. The Asia Pacific is anticipated to witness the highest CAGR of around 18.6% from 2017 to 2025 owing to the surging adoption of advanced technologies like IoT and cloud across several organizations residing across China and India.
The messaging security market includes key players such as Proofpoint, Inc., McAfee, LLC, Cisco Systems, Inc., Trend Micro Inc., and Symantec Corp. These players are continuously focusing on developing innovative and advanced solutions for widening their geographical reach and product portfolio.
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Further key findings from the report suggest:
• The cloud deployment segment is expected to register fastest growth with 14.8% CAGR over the forecasted period, 2017 to 2025.
• The corporate segment of end-use accounted for highest share in 2016 across the global market.
• Asia Pacific is anticipated to witness highest CAGR of 18.6% from 2017 to 2025 across the global market.
• The key players in this market are Proofpoint, Inc., McAfee, LLC, Cisco Systems, Inc., Trend Micro Inc., and Symantec Corp.
Million Insights has segmented the global messaging security market on the basis of product, deployment, end-use and region:
Messaging Security Product Scope (Revenue, USD Million; 2014 - 2025)
• Email Protection
• Messaging Gateway
Messaging Security Deployment Scope (Revenue, USD Million; 2014 - 2025)
Messaging Security End-use Outlook (Revenue, USD Million; 2014 - 2025)
Messaging Security Regional Outlook (Revenue, USD Million; 2014 - 2025)
• North America
• The U.S.
• The U.K.
• Asia Pacific
• Latin America
• Middle East & Africa (MEA)