What Fueled The Previous Growth In The Messaging Security Market?
The messaging security market has seen considerable growth due to a variety of factors.
• The market size of messaging security has seen significant expansion in the last few years. Anticipated to swell from $8.56 billion in 2024 to $10.2 billion in 2025, it's expected to register a compound annual growth rate (CAGR) of 19.2%.
The historical growth has been propelled by factors like surging cyber threats, increasing regulations and compliance requirements, the rise in digital communication, developing remote and hybrid work structures, and advancements in encryption technology.
What Can Be Expected from the Messaging Security Market Size?
The messaging security market is expected to maintain its strong growth trajectory in upcoming years.
• The market size of messaging security is projected to experience considerable expansion in the coming years, surging to $20.41 billion in 2029 with a compound annual growth rate (CAGR) of 18.9%.
This escalation during the projected period is linked to factors such as the elevated adoption of cloud-based solutions, expansion of artificial intelligence and machine learning, widespread use of mobile devices, growth of digital transformation initiatives, and escalated investments in zero trust security models. The projected period will also witness trends like the expansion of unified threat management solutions, rising necessity for end-to-end encryption, growth in secure mobile messaging solutions, the emergence of secure collaboration tools, and the rising acceptance of multi-factor authentication.
What Are the Critical Driver Fuelling The Messaging Security Market's Growth?
The messaging security market's growth trajectory is set to ascend thanks to the escalating rates of cyberattacks. Actions of ill-intention by sole individuals or syndicates aiming to disrupt, impair or illegitimately enter computer systems, networks, or data, usually with the goal of data theft, harm infliction, or ransom demands, are classified as cyberattacks. Among the catalysts for the surging prevalence of cyberattacks are the more significant digitalization, the surge in remote work, and increasingly refined tactics employed by attackers employing advanced technology to exploit system and network weaknesses. Messaging security plays a crucial role in deflecting cyberattacks by safeguarding email and messaging platforms from threats, including phishing, malware, and illegitimate access. Its purpose is to safeguard the privacy, soundness, and accessibility of communications while preventing data breaches and information leaks. For example, the Australian Signals Directorate, a federal agency based in Australia, reported approximately 94,000 cybercrime incidents to ReportCyber in the fiscal year 2022-23, reflecting a 23% increase from the previous financial year. Therefore, it is evident that the increasing frequency of cyberattacks is a driving force behind the messaging security market's expansion.
How Is The Messaging Security Market segmented?
The messaging securitymarket covered in this report is segmented –
1) By Component: Solution, Services
2) By Mode Of Communication: Email Messaging, Instant Messaging
3) By Deployment: Cloud-based, On-premise
4) By Industry: Banking, Financial Services And Insurance (BFSI), Healthcare And Lifesciences, Media And Entertainment, Automotive And Manufacturing, Education, Retail And E-commerce, Government, Other Industries
Subsegments:
1) By Solution: Email Security Solutions, Instant Messaging Security Solutions, Mobile Messaging Security Solutions, Web Messaging Security Solutions, Gateway Security Solutions
2) By Services: Consulting Services, Implementation Services, Support And Maintenance Services, Managed Security Services, Training And Awareness Services
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Which Emerging Market Trends Are Altering The Messaging Security Industry?
Leading corporations in the messaging security market are prioritizing the creation of innovative solutions such as secure messaging, in a bid to enhance protection for sensitive data and maintain a log of all communications. Secure messaging serves as an encrypted transfer of confidential data between various parties, which guarantees privacy and regulatory compliance, and is frequently employed in industries like healthcare for safeguarding patient data. For example, SSH Communications Security, a cybersecurity firm based in Finland, unveiled its Secure Messaging 2024 in November 2023. This secure messaging platform offers features such as end-to-end encryption, secure file transfer, and abidance to strict data privacy laws. It also integrates sophisticated identity management and access controls to fortify communication security within companies, thereby boosting data protection and reducing the chances of unauthorized access.
Who Are the Key Players In The Messaging Security Market?
Major companies operating in the messaging security market are:
• Microsoft Corporation
• Cisco Systems Inc.
• Broadcom Inc.
• Open Text Corporation
• McAfee Corp.
• Trellix
• Kaspersky Lab
• Proofpoint Inc.
• Trustwave Holdings Inc.
• Secureworks
• Barracuda Networks Inc.
• Trend Micro Inc.
• Mimecast Limited
• WithSecure
• Francisco Partners
• Egress Software Technologies Ltd.
• Sophos Ltd.
• Agari Data Inc.
• Valimail
• Hornetsecurity GmbH
• GreatHorn Inc.
• MailChannels
• MailGuard Pty Ltd.
• Trustifi
What Is The Most Dominant Region In The Messaging Security Market?
North America was the largest region in the messaging security market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the messaging security market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
