According to the latest report by IMARC Group, titled “Messaging Security Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028,” the global messaging security market size reached US$ 5.9 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 12.7 Billion by 2028, exhibiting a growth rate (CAGR) of 13.6% during 2023-2028.
Messaging security is the practice of safeguarding the messaging infrastructure by encrypting messages on a device. It helps restrict unwanted messages, develop a secure network, and protect devices against various threats. Some common components of messaging security include email antivirus, pattern-based anti-spam, IP reputation-based anti-spam, email intrusion prevention, zero-hour malware detection systems, and administrator-defined allow/block lists. It can be deployed on cloud and on-premises and offers transport independence and end-to-end security while minimizing messaging abuse. As a result, messaging security finds extensive applications in banking, financial services and insurance (BFSI), information technology (IT), real estate, government, defense, and healthcare sectors across the globe.
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The global messaging security market is primarily driven by the increasing prevalence of cyberattacks. Moreover, the rising use of cloud-based and virtual appliance-based solutions by organizations that operate in multi-cloud environments and rely on SaaS-based platforms to manage user data is positively influencing market growth. Additionally, the surging adoption of messaging security services for intra-company communication and coordination with other parties has catalyzed market growth. Furthermore, the rising demand for messaging security as it provides multi-layered protection against email phishing, business email compromise scams, and ransomware attacks are contributing to the market growth. Other factors, including the widespread adoption of mobile devices, the rising trend of remote working, and the development of innovative technologies for secure messaging solutions, are also anticipated to create a positive market outlook.
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List of Key Companies Covered in this Market Report:
Barracuda Networks Inc. (Thoma Bravo LLC)
Cisco Systems Inc.
McAfee LLC (TPG Capital and Intel Corporation)
Mimecast Services Limited
Quick Heal Technologies Ltd
Trend Micro Incorporated
Trustwave Holdings Inc. (Singapore Telecommunications Ltd.)
The report has segmented on the basis of component, communication type of coating, application, deployment type, vertical and geography.
Breakup by Component:
Data Loss Prevention
Information Protection and Control
Breakup by Communication Type:
Breakup by Deployment Type:
Breakup by Vertical:
Government and Defense
IT and Telecommunication
Breakup by Geography:
North America (U.S. & Canada)
Europe (Germany, United Kingdom, France, Italy, Spain, Russia, and Others)
Asia Pacific (China, India, Japan, South Korea, Indonesia, Australia, and Others)
Latin America (Brazil, Mexico)
Middle East & Africa
Key highlights of the report:
Market Performance (2017-2022)
Market Outlook (2023- 2028)
Porter’s Five Forces Analysis
Market Drivers and Success Factors
Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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