Messaging Security Market Analysis Report By Product, By Deployment, By End-Use, By Region And Segment Forecasts From 2017 To 2025

Industry Insights

The messaging security market across the globe generated a revenue of USD 3672.5 million in 2016. It is projected to witness a 13.7% CAGR over the forecasted years, 2017 to 2025. The surging need for securing messaging infrastructure prevailing among the millennial population is expected to drive market growth in the upcoming years. Further, the rising influence of cloud-based platforms for ensuring messaging security is expected to contribute majorly towards increasing demand for messaging security solutions.

The shifting trend from using self-integration security products to unified solutions or products is gaining traction across the globe. These solutions enhance centralized management and facilitate the lowering of costs. Further, their single-point support and advice will help in consolidating client-vendor relationships.

The boosting popularity of e-commerce platforms is forcing solution providers to widen their product portfolio and incorporate the usage of cloud-based technologies. Thus, several industrial players are engaged in implementing strategies like acquisitions and mergers. They have started acquiring local players who are developing various products.

Rising usage of messaging services like Google, Yahoo, MSN, and others is forcing solution providers in offering full security suite for enterprises. Further, the rising usage of these solutions that offer administrative controls, audit trails, and identity is projected to drive the market demand across the globe.

Product Insights

The email protection product segment held the highest share across the global messaging security market in 2016. This can be attributed to the rising incidences of security breaches prevailing among email repositories. Moreover, the need for tackling and mitigating emerging threats due to malicious spam mails is projected to propel the market growth for this segment in the upcoming years.

The product segment of the messaging gateway is expected to register the highest CAGR of around 15.6% from 2017 to 2025. This can be associated with the rising awareness among businesses and consumers about risks associated with data leakage coupled with the rising usage of smartphones for communication.

Deployment Insights

The cloud segment held the largest share across the global market in 2016. It is also projected to witness a 14.8% CAGR from 2017 to 2025. This can be associated with the enhanced features of these solutions like reduction in the costs related to administration, deployment, and operations. Further, a rising number of on-premise attacks are projected to boost the market demand for cloud-based messaging security solutions.

The on-premise deployment segment is getting replaced by the cloud segment due to the rising number of attacks on these on-premise applications. A Cloud Security report by Alert Logic, Inc. in 2015 stated that around 45.0% of the attacks were done on the applications. Thus, the need for ensuring data security is anticipated to propel market growth.

End-use Insights

In 2016, the corporate end-user segment accounted for the highest share across the global market. It is also projected to continue its dominance over the forecasted period. Further, the rising number of scams, virus attacks, and threats that can result in loss of enterprise and corporate data is projected to drive the messaging security market growth.

The residence end-use segment is also projected to register moderate growth in the upcoming years. This can be associated with the rising usage of tablets and smartphones to access user’s data, emails, and applications. Moreover, the increasing importance of the size and cost of data in these devices is expected to trigger market growth.

Regional Insights

In 2016, North America accounted for a significant share across the global market. It is also expected to generate a revenue of around USD 3,655.3 million by 2025. This can be attributed to the rising number of key players operating across countries like the U.S. and Canada. Moreover, the rising need for ensuring the safety of IT infrastructure is expected to drive the market demand.

Asia Pacific is projected to register the fastest growth with an 18.6% CAGR over the forecasted period, 2017 to 2025. This can be associated with the rising adoption of advanced technologies like IoT (Internet of Things), cloud, and BYOD (Bring Your Device) prevailing among several organizations located across developing countries like India and China.

COVID-19 Impact Insights

The global market has witnessed significant growth due to the ongoing COVID-19 crisis. The imposition of lockdown and travel restrictions has increased the usage of messaging and other communication methods. Further, the shifting trend towards online education and work from home policies being implemented by several organizations has triggered the need for several messaging platforms and applications. Thus, the need for securing confidential data is being foreseen which is expected to drive the market growth for messaging security over the post-pandemic period.

Messaging Security Market Share Insights

The market is generally characterized by few players which account for a significant share across the global market. The key players operating in this market are Symantec Corp., Cisco Systems, Inc., Trend Micro Inc., Proofpoint, Inc., McAfee, LLC, Clearswift, Sophos Ltd., and Forcepoint LLC.

They are constantly engaged in implementing strategies like collaborations and acquisitions to widen their geographical reach. Also, huge investments are being undertaken by these players to carry out product development and innovation to gain a competitive advantage over other players.

Report Scope

Segments Covered in the Report

This report forecasts revenue growth at the global, regional, and country levels and provides an analysis of the latest industry trends from 2014 to 2025 in each of the sub-segments. For this study, Million Insights has segmented the global messaging security market based on product, deployment, end-user, and region:

• Product Scope (Revenue, USD Million; 2014 - 2025)
    • Anti-virus
    • Email Protection
    • Messaging Gateway

• Deployment Scope (Revenue, USD Million; 2014 - 2025)
    • Cloud
    • On-premise

• End-use Outlook (Revenue, USD Million; 2014 - 2025)
    • Corporate
    • Residence

• Regional Outlook (Revenue, USD Million, 2014 - 2025)
    • North America
        • The U.S.
        • Canada
    • Europe
        • The U.K.
        • Germany
    • Asia Pacific
        • China
        • Japan
        • India
    • Latin America
        • Brazil
    • MEA