The global messaging security market size is expected to reach USD 11.10 billion by 2025, according to a new study by Grand View Research, Inc. The market is expected to witness a CAGR of 13.7% over the forecast period, owing to increasing demand for cloud-based secure messaging products and solutions is driving the growth of the market. This can be attributed to the increasing popularity of Software-as-a-Service (SaaS) and virtual appliance-based solutions

Organizations are increasingly utilizing instant messaging applications for external and internal communication, as they are a faster and cheaper mode of communication. However, with the accelerating adoption of this mode of communication, it becomes increasingly important to secure the messaging infrastructure as the communication environment is no longer secure. Hence, it is highly vulnerable to external threats.

Moreover, the increasing adoption of mobile devices is acting as another key driving factor contributing to market growth. The accelerating demand for mobile devices for smoother communication amongst enterprises and its employees, through a network protected against threats, is paving the way for the adoption of secure messaging solutions and thus, facilitating secure access to critical enterprise information.

Further key findings from the report suggest:
• The email protection segment dominated the product segment in 2016. Emails act as an important source for storing critical information. However, their high vulnerability to the virus and spam attacks necessitates the application of security solutions to safeguard emails against threats
• Cloud deployment is anticipated to become the preferred option of deployment for messaging security products and solutions, as it offers greater flexibility, convenience, accessibility, and easy maintenance
• The corporate segment is expected to find the highest application in the next eight years. Corporates possess large amounts of critical data that is required to be safeguarded against external and internal threats
• North America accounted for the largest share in 2016 owing to the presence of prominent market players in this region, who are continuously working on developing new innovative technologies
• The Asia Pacific regional messaging security market is expected to experience the highest growth over the next eight years. This can be attributed to the presence of emerging economies such as India, China, and Australia that are expected to augment their expenditure on security infrastructure
• The list of key industry participants includes Cisco Systems, Inc., Symantec Corp., Trend Micro Inc., McAfee LLC, Barracuda Networks, Inc., Proofpoint, Inc., Panda Security, Clearswift, Forcepoint LLC, and Sophos Ltd.

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Self-integration of security products is no longer considered the best way to protect the messaging infrastructure. Instead, the focus has now shifted from various point products to unified products or solutions. Integrated solutions facilitate centralized management, enhanced reporting, and lower costs. Moreover, they offer a single point for support, advice, and purchase, thus allowing for consolidation of vendor relationships with their clients.

The increasing popularity of the cloud-based delivery method is compelling security solution providers to expand their product portfolios to incorporate cloud offerings. In order to accomplish this objective, industry players are observed as opting for mergers & acquisitions. They acquire smaller but active players that are involved in new product development and who have performed well in the past years.

Moreover, with the increasing utilization of instant messaging services as business tools along with consumer-based systems such as MSN, Google, and Yahoo, among others, are compelling the solution providers to offer a full-fledged enterprise security suite. Furthermore, the growing demand for security solutions offering audit trails & identity and administrative controls are expected to boost demand in the coming years.

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Email protection solutions dominated the product segment in 2016 as emails are highly vulnerable to spam and virus attacks. Numerous instances arising out of malicious intentions have happened in the past, which have resulted in the loss of critical data. Emails act as an important repository for large amounts of critical information, and the increasing cyber-attacks through malicious spams are propelling the need for email protection solutions. Furthermore, these solutions are required to be upgraded with time in order to tackle evolving threats.

However, the messaging gateway segment is anticipated to grow at the highest CAGR of 15.6% over the forecast period. This can be attributed to the growing awareness among consumers and businesses about the risk of potential data breaches with the increasing usage of mobile devices for communication.

Moreover, customers are increasingly demanding scalable and reliable solutions to ensure complete protection of their messaging infrastructure. In a quest to fulfill customer’s growing security requirements, solution providers are investing significantly in order to introduce improved and advanced data encryption and email protection products, both hosted and on-premise.

About Grand View Research

Grand View Research is an India & U.S. based market research and consulting company headquartered in San Francisco, which offers syndicated research reports, customized research reports, and consulting services. The company’s rich database includes in-depth analysis across a range of industries including chemicals, materials, energy, healthcare, and technology, among others.

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