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. Looking forward, IMARC Group expects the market to reach US$ 19.0 Billion by 2032, exhibiting a growth rate (CAGR) of 12% during 2024-2032.
Report Attribute
Key Statistics
Base Year
2023
Forecast Years
2024-2032
Historical Years
2018-2023
Market Size in 2023
US$ 6.7 Billion
Market Forecast in 2032
US$ 19.0 Billion
Market Growth Rate 2024-2032
12%
Messaging security refers to the practice of encrypting messages on a device to protect the messaging infrastructure. It is used for developing a secure network, restricting unwanted messages and protecting the devices against various threats. It involves email antivirus, internet protocol (IP) reputation-based anti-spam, email intrusion prevention, pattern-based anti-spam, administrator-defined allow/block lists and zero-hour malware detection systems. It can be deployed on cloud and on-premises, owing to which it finds extensive applications across various sectors, including banking, financial services and insurance (BFSI), information technology (IT), real estate, government, defense and healthcare.
Rapid urbanization, along with the increasing instances of cyberattacks across the globe, is one of the key factors driving the growth of the market. Furthermore, the widespread adoption of cloud-based and virtual appliance-based solutions is also 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. This has resulted in the increasing utilization of email and messaging security services for intra-company communication and coordinating with other parties. Messaging security also offers multi-layered protection from email phishing, business email compromise scams and ransomware attacks, which is also contributing to the market growth. Additionally, the growing demand for security solutions from instant messaging service providers is creating a positive outlook for the market. Other factors, including the increasing adoption of mobile devices, along with the development of innovative technologies for secure messaging solutions, are projected to drive the market further.
Note: Information in the above chart consists of dummy data and is only shown here for representation purpose. Kindly contact us for the actual market size and trends.
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Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global messaging security market report, along with forecasts at the global and regional level from 2024-2032. Our report has categorized the market based on component, communication type, deployment type and vertical.
Breakup by Component:
Note: Information in the above chart consists of dummy data and is only shown here for representation purpose. Kindly contact us for the actual market size and trends.
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Solution
Content Filtering
Web Filtering
Email Encryption
Data Loss Prevention
Information Protection and Control
Anti-Spam/ Anti-Malware
Services
Professional Services
Managed Services
Breakup by Communication Type:
Instant Messaging
Email Messaging
Breakup by Deployment Type:
On-premises
Cloud-based
Breakup by Vertical:
BFSI
Government and Defense
IT and Telecommunication
Real Estate
Healthcare
Others
Breakup by Region:
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North America
United States
Canada
Asia Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
Competitive Landscape:
The report has also analysed the competitive landscape of the market 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, Trustwave Holdings Inc. (Singapore Telecommunications Ltd.), etc.
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.)
Customization Scope
10% Free Customization
Report Price and Purchase Option
Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
Post-Sale Analyst Support
10-12 Weeks
Delivery Format
PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)
Key Questions Answered in This Report
The global messaging security market was valued at US$ 6.7 Billion in 2023.
We expect the global messaging security market to exhibit a CAGR of 12% during 2024-2032.
The rising incidences of cyberattacks, along with the increasing adoption of messaging security for developing a secure network, restricting unwanted messages, protecting the devices against various threats, etc., are primarily driving the global messaging security market.
The sudden outbreak of the COVID-19 pandemic has led to the growing deployment of messaging security across numerous organizations to protect confidential data from cyber threats, during the remote working and Bring-Your-Own-Device (BYOD) models.
Based on the component, the global messaging security market has been divided into solution and services. Currently, solution currently exhibits a clear dominance in the market.
Based on the communication type, the global messaging security market can be categorized into instant messaging and e-mail messaging, where e-mail messaging currently accounts for the majority of the total market share.
Based on the deployment type, the global messaging security market has been segregated into on-premises and cloud-based. Currently, cloud-based holds the largest market share.
Based on the vertical, the global messaging security market can be bifurcated into BFSI, government and defense, IT and telecommunication, real estate, healthcare, and others. Among these, the BFSI sector exhibits a clear dominance in the market.
On a regional level, the market has been classified into North America, Asia Pacific, Europe, Latin America, and Middle East and Africa, where North America currently dominates the global market.
Some of the major players in the global messaging security market include 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, Trustwave Holdings Inc. (Singapore Telecommunications Ltd.), etc.
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