Global Messaging Security Market to reach USD 11.42 billion by 2027.
Global Messaging SecurityMarket is valued approximately USD 4.09 billion in 2020 and is anticipated to grow with a healthy growth rate of more than 15.96 % over the forecast period 2021-2027.Messaging security is an application management technical assistance programme. The programmes include IP-based anti-spam, pattern-based anti-spam, block/allow admin specified block lists, antivirus mail, zero-hour malware protection and preventing e-mail violation. Instant messaging software are increasingly being used by businesses for external and internal discussion since they provide a faster and less expensive means of communication. Because global enterprises rely extensively on email services, which must be protected from advanced security threats, it is predicted to play a vital role in transforming the market landscape and grow at the fastest rate during the projection timeframe. Furthermore, email is the main source of communication for organizations in the investment banking sector, both from inside and outside. They also take precautions to encrypt their email accounts and limit electronic surveillance and hacking. According to a study, 1.3 percent of financial industry companies worldwide reported malicious incidences. Between January 2020 and March 2021, 13,272 hacking incidents were reported. The growing need for mobile devices to facilitate smoother communication between organizations and their employees via a private network is paving the way for encrypted communication solutions to be used, facilitating private access to important company information and thereby propelling market expansion. As of March 2021, the total number of unique mobile subscribers was 5.26 billion. As a result, there will be an increase in SMS usage. Data breaches are becoming more common as SMS usage grows. In December 2019, a vast database managed by TrueDialog was discovered online, containing tens of millions of SMS text messages, the majority of which were sent by businesses to potential clients. Since the communication system is no longer reliable, it is becoming increasingly vital to safeguard the message infrastructure as this means of communication gets more widely adopted. As a result, messaging security solutions are growing more popular. However, lack of awareness about cyberattacks may restraint the market growth. . Also, major reasons driving growth of the worldwide include increased usage of social media for interaction, growing adoption of text-based communication in businesses, and increased awareness about computer security.

North America serves as a significant hub for all of the world's leading corporations. In terms of technological uptake, the region has been among the world's leading manufacturers and pioneers. It has a large presence of messaging deployment tool vendors, which significantly contributes to the market's growth. Vendors in the industry have implemented numerous growth strategies across their giving portfolios, such as new innovations or addressing vulnerabilities, with the goal of expanding their customer base. Furthermore, the messaging security market in this area is growing because of significant economic growth in developing countries, as well as improved legislative reforms and economic stability. Small and medium-sized businesses (SMEs) as well as businesses in a variety of verticals, such as banking, financial services, and insurance (BFSI), administration, medical, and biotechnology, are likely to boost their investments in messaging security solutions in Latin America.

Major market player included in this report are:
Barracuda Networks, Inc.
Cisco Systems, Inc.
F-Secure
McAfee, LLC
Microsoft
Proofpoint, Inc.
Singtel
Sophos Ltd.
Symantec Corporation
Trend Micro Incorporated

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Product Scope:
Anti-virus
Email Protection
Messaging Gateway

ByDeployment Scope:
Cloud
On-premise
By End use Outlook:
Corporate
Residence


By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year - 2018, 2019
Base year - 2020
Forecast period - 2021 to 2027

Target Audience of the Global Messaging SecurityMarket in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors