Messaging Security Market Size - Trends and Forecast, Future Demand 2020-2023

Messaging security, like the name suggests, is a process of providing encryption to the messages by organizations as messing security. The goal is to secure all the messages that are distributed to the consumers for various purpose, is done securely.

The global messaging security market is foreseen to grow at a considerable pace over the assessment period as the mobile operators, across the globe, are facing excessive rivalry as new aspirants are merging into messaging security market. The entire process is set as a program that helps various operators to tackle messages from their messaging service. Moreover, the goal of messaging security is adopted for developing safe and secure network against security threats across SMS, Emails, MMS or RCS/SIP (IP Messages). The messaging security’s purpose is also to restrict unwanted messages to block images and other spams.

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Segmentation

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 Size 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.

Regional Analysis:

North America, due to the presence of global players in the United States and owing to leading technology advancements hold the largest market share and is continuously propelling the messaging security market to achieve higher CAGR in the future. Whereas, Europe holds the second largest market position and the Asia Pacific has emerged to be the fastest growing market due to the high presence of IT and healthcare sector in China and Japan as well as India. These countries have a growing economy, hence boosting the messaging security market in Asia-Pacific region tremendously.

Competitive Landscape

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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