Messaging Security Market Report Explored in Latest Research From 2018 to 2025Posted by Avinash on March 25th, 2021 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:
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. Get Sample Guide of This Report @ https://www.grandviewresearch.com/industry-analysis/messaging-security-market/request/rs1 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. Like it? Share it!More by this author |