As per MRFR study, the expansion of the messaging security market can be at 16% CAGR across the analysis period. The messaging security market can value at about USD 6 Billion by 2023. The presence of robust network infrastructure and continuous development in the field can support the expansion of the messaging security market across the analysis period. Digitization and the penetration of higher digital technology can support the expansion of the messaging security market across the analysis period. In addition, the presence of leading messaging security solution developers across the globe can impel the rise of the market.
The increase in the adoption of software based messaging security solutions across large and SMEs. The rising popularity of messaging security solutions in the cash-rich banking and finance sector can promote the expansion of the messaging security market across the study period. The growing adoption of messaging security solutions for boosting business productivity and the shift from on-premise to cloud platform can support the expansion of the messaging security market across the analysis period. The initial low cost, infrastructure availability, automatic upgradation of software, and seamless integration of cloud based messaging security solution across enterprises can promote the expansion of the market through the analysis period.
Messaging Security Market Segmentation
The segment evaluation of the messaging security market is based on type, components, mode of communication, vertical, and deployment.
The deployment based, messaging security market segments are cloud and on-premise.
The Mode of Communication based, the messaging security market segments are Instant Messaging and email.
The vertical based segments of the messaging security market are Retail & Ecommerce, Healthcare and Life science, BFSI, Automotive and Manufacturing, and Media & Entertainment among others.
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The type based segments of the messaging security market are Message Confidentiality, Cryptographically Signed Certificate, E-Commerce Authentication, Third Party Authentication, Message Authentication, Message and System Integrity.
The Component based segments of the messaging security market are service and solutions. The solution segments are content filtering, web filtering, email encryption, anti-spam/anti-malware, data loss prevention, and information protection and control. The service segments of the messaging security market are Professional Mode Of Communication and Managed Mode Of Communication.
The increase in the need for the need for messaging security solutions in the North America region can promote the expansion of the regional market. The growing use of cloud solutions for messaging security in organizations can also boost the expansion of the market across the analysis period. The increase in application of message service for documentation and financial transaction can spur the expansion of the market across the analysis period. In APAC, the booming BFSI sector and increase in the demand for message services by the growing populace of the region can support the market expansion in the years to come. The messaging security market in EU is likely to rise due to continuously investing in projects for to boost the IT landscape. In addition, the increase in utility of internet of things can spur the regional market in the years ahead.
Trend Micro Incorporated (Japan), Cisco Systems, Inc. (U.S.), McAfee LLC (U.S.), Symantec Corporation (U.S.), Forcepoint (U.S.), Proofpoint Inc. (U.S.), Sophos Ltd. (U.K.), Microsoft Corporation (U.S.), F-Secure Corporation (Finland), and Barracuda Networks Inc. (U.S.) among others are some prominent developers of messaging security market as listed by MRFR.
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