Messaging security solutions protect the messaging infrastructure of an enterprise and are a common practice of encryption. Messaging security solutions comprises identity authentication and integrity, security of basic message exchange, and other authorization services, which ensures that messages are accessible by only the intended audience. Market Research Future (MRFR) has added the global messaging security market to its report repository, which analyzes the market from various perspectives. MRFR has asserted that the messaging security market is eyeing to reach USD 6 Bn at a CAGR of 16% over the forecast period (2017-2023).
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The messaging security market has been segmented based on component, type, deployment, and vertical.
By component, the messaging security market has been segmented into service and solution. The solution segment has been further segmented into content filtering, email encryption, web filtering, data loss prevention, information protection, and control, and anti-spam/anti-malware. The service segment has been further segmented into professional mode of communication and managed mode of communication.
By type, the messaging security market has been segmented into message confidentiality, message and system integrity, and message authentication. The message authentication segment has been further segmented into cryptographically signed certificate, e-commerce authentication, and third party authentication.
By mode of communication, the messaging security market has been segmented into email and instant messaging.
By deployment, Messaging Security Market has been segmented into on-premise and cloud.
By vertical, the messaging security market has been segmented into BFSI, media & entertainment, retail & commerce, automotive & manufacturing, healthcare, and life sciences, and others.
Region-wise, the messaging security market has been segmented into North America, Rest-of-the-World (RoW), Europe, and Asia Pacific (APAC).
North America region has a considerable presence of market leaders in the US which gives the region technical competence over others. Europe has secured the second spot in the global messaging security market. The region is being driven by continued demand from the BFSI sector.
The APAC messaging security market is anticipated to capture the highest CAGR over the forecast period. Growing incidence of security breaches and consolidation of the IT sector in the emerging economies of the region such as China, Japan, and India are boosting the growth of the market. Rapid economic progress and expansion of end-use industries are also favoring the growth of the market.
Cisco Systems, Inc. (U.S.), McAfee LLC (U.S.), Barracuda Networks Inc. (U.S.), Microsoft Corporation (U.S.), Trend Micro Incorporated (Japan), Forcepoint (U.S.), Symantec Corporation (U.S.), Sophos Ltd. (U.K.), Proofpoint Inc. (U.S.), and F-Secure Corporation (Finland) are the key players in the messaging security market.
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