Global Messaging Security Market to Reach US$ 19.0 Billion by 2032, Stimulated by Rising Number of Cyber Threats

December 18, 2023 | Technology & Media

According to the latest report by IMARC Group, titled “Messaging Security Market Report by Component (Solution, Services), Communication Type (Instant Messaging, Email Messaging), Deployment Type (On-premises, Cloud-based), Vertical (BFSI, Government and Defense, IT and Telecommunication, Real Estate, Healthcare, and Others), and Region 2024-2032” the global messaging security market size reached US$ 6.7 Billion in 2023. Messaging security refers to the set of practices, tools, and strategies implemented to protect digital communications, particularly email and instant messaging, from various cyber threats and unauthorized access. It safeguards against a wide range of cyber threats, such as phishing attacks, malware, ransomware, and spam. It ensures that sensitive information shared in messages remains private and is not intercepted by unauthorized individuals or entities. It helps organizations comply with strict regulations regarding data protection and privacy, avoiding potential legal issues and fines.

Global Messaging Security Market Trends:

At present, the persistent and evolving nature of cyber threats, including phishing attacks, ransomware, and email compromises, represents one of the key factors supporting the growth of the market. Besides this, the shift towards remote work is expanding the attack surface for cybercriminals. With employees accessing corporate email and messaging platforms from various locations and devices, the need for secure messaging is rising around the world. In addition, the growing demand for messaging security to prevent data breaches and the associated negative consequences is offering a favorable market outlook. Moreover, the increasing utilization of messaging security solutions, as they are essential for detecting and mitigating email-based threats, reducing the risk of successful attacks is offering lucrative growth opportunities to industry investors. Looking forward, the market value is projected to reach US$ 19.0 Billion by 2032, expanding at a CAGR of 12% during 2024-2032.

Market Summary:

  • Based on the component, the market has been bifurcated into solution (content filtering, web filtering, email encryption, data loss prevention, information protection and control, and anti-spam/ anti-malware) and services (professional services and managed services). At present, solution represents the largest market share.
  • On the basis of the communication type, email messaging exhibits a clear dominance in the market, followed by instant messaging.
  • Based on the deployment type, the market has been divided into on-premises and cloud-based. Presently, cloud-based accounts for the largest market share.
  • On the basis of the vertical, the market has been segregated into BFSI, government and defense, IT and telecommunication, real estate, healthcare, and others. BFSI dominates the market, holding the largest share.
  • Region-wise, the market has been segmented into North America (United States and Canada); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. Amongst these, North America enjoys the leading position in the market.
  • The competitive landscape of the market has also been examined, with some of the key players being Barracuda Networks Inc. (Thoma Bravo LLC), Cisco Systems Inc., F-Secure Oyj, McAfee LLC (TPG Capital and Intel Corporation), Microsoft Corporation, Mimecast Services Limited, Proofpoint Inc., Quick Heal Technologies Ltd., Trend Micro Incorporated, and Trustwave Holdings Inc. (Singapore Telecommunications Ltd.)

Report Coverage:

Report Features Details
Base Year of the Analysis 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Units US$ Billion
Segment Coverage Component, Communication Type, Deployment Type, Vertical, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered Barracuda Networks Inc. (Thoma Bravo LLC), Cisco Systems Inc., F-Secure Oyj, McAfee LLC (TPG Capital and Intel Corporation), Microsoft Corporation, Mimecast Services Limited, Proofpoint Inc., Quick Heal Technologies Ltd, Trend Micro Incorporated and Trustwave Holdings Inc. (Singapore Telecommunications Ltd.)
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Global Messaging Security Market to Reach US$ 19.0 Billion by 2032, Stimulated by Rising Number of Cyber Threats
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