The Future of Messaging Security….. COVID-19 & Its Impact….


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
Amidst the COVID-19 crisis, the network security industry is poised for sustainable growth despite the foreseeable economic turbulence. Implementation of remote working policy, due to lockdown is putting unanticipated stress on remote networking technologies and causing operational technology (OT) security risk concerns over the vulnerable home network security. Furthermore, as digital infrastructure becomes a critical aspect of business strategic considerations, network security will become a competitive differentiator for businesses and overhaul their remote working strategies. We are incessantly monitoring the market dynamics and regulations while continuously assessing the impact of Covid-19 with the aim of providing you with actionable market insights. The report will account for Covid19 as a key market contributor.
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 the 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.
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The global messaging security market size was estimated at USD 3,672.5 million in 2016. The market is expected to experience substantial growth over the forecast period. The increasing demand for integrated solutions by customers in order to secure their messaging infrastructure is expected to drive the market growth. In addition, the increasing adoption of cloud-based secure messaging solutions are acting as a key factor in propelling the demand for messaging security products.
Further key findings from the study suggest:
·         The email protection segment dominated the product segment in 2016. Emails act as an important source of storing critical information. However, their high vulnerability to 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 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.
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 relationship 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.
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 acts 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.
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Grand View Research has segmented the global messaging security market on the basis of product, deployment, end-use:
Messaging Security Product Scope (Revenue, USD Million; 2014 - 2025)
·         Anti-virus
·         Email Protection
·         Messaging Gateway
Messaging Security Deployment Scope (Revenue, USD Million; 2014 - 2025)
·         Cloud
·         On-premise
Messaging Security End-use Outlook (Revenue, USD Million; 2014 - 2025)
·         Corporate
·         Residence
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.


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