Messaging Security Market – Overview
The process of providing encryption to the messages sent by enterprises or organizations is referred as messaging security. The software includes features like email intrusion prevention, pattern based anti-spam, administrator defined block/allow lists and many more. Message encryption is generally referred as public key cryptography. Message security provides end to end security by securing the XML enabling prevention of intermediaries from starting point to end point of the message.
The messaging security possess various features like increased flexibility, support for multiple transports and supporting for wide set of credentials and claims. Without relying on transport channel, through messaging security messages can be send over many transports and TCP. The messaging security helps in securing the message by planting security context within the message.
The rise in usage of mobile devices among organizations, increasing cyber-attacks and deployment of cloud based services are driving the market for global messaging security market. The complexity by adding security in the existing network infrastructure is hindering the market growth.
The messaging security market is expected to grow at approximately USD 6 Billion by 2023, at 16% of CAGR between 2017 and 2023.
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Industry News
March, 2018 – Sikur, a Brazilian Information technology and cyber security company, launched SIKURPhone equipped with crypto wallet which is capable of storing digital currencies like bit coin, Ethereum and many more. The company claims that the phone is capable of handling hacks and is hack proof.
30 Oct. 2017 – NYNJA Group Ltd., a global leader in mobile communications and technology launched an application with crypto currency wallet. The application is capable of combining text, voice and visual messaging powered by crypto currency. NYNJA application is having secured encryption for storing messages and files and the interface is driven by concentric wheel navigation system.
Messaging Security Market – Segmentation
Segmentation by component: Comprises solutions and service
Segmentation by type: Comprises message confidentiality, message and system integrity, message authentication, cryptographically signed certificate.
Segmentation by mode of communication: Comprises E-mail and instant messaging.
Segmentation by deployment: Comprises on-premise and on-cloud.
Segmentation by vertical: Comprises BFSI, healthcare, media and entertainment, retail and e-commerce and others.
Segmentation by Regions: Comprises Geographical regions – North America, Europe, Asia Pacific and Rest of the World.
Messaging Security Market – Competitive Analysis
The Messaging Security Market appears to be highly competitive. To maintain their market position and to drive the market growth, various dynamic and diversified international organizations, domestic organizations and as well as new entrants form a competitive landscape. Market leaders are innovating continuously and increasingly seeking market expansion through various strategic mergers and acquisitions, innovation, increasing investments in research and development and cost-effective product portfolio. Major players are investing on internal R&D and, most of all, in acquiring other firms. Prominent vendors of messaging security are targeting to invest more in technology and research and development activities to innovate their already existing products
McAfee LLC (U.S.), Cisco Systems, Inc. (U.S.), Trend Micro Incorporated (Japan), Symantec Corporation (U.S.), Proofpoint Inc. (U.S.), Forcepoint (U.S.), Microsoft Corporation (U.S.), Sophos Ltd. (U.K.), Barracuda Networks Inc. (U.S.), F-Secure Corporation (Finland) are some of the prominent players profiled in MRFR Analysis and are at the forefront of competition in the Global Messaging Security Market.
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Messaging Security Market – Regional Analysis
The global messaging security market is studied for North America, Europe, Asia Pacific and Rest of the world. North America is anticipated to hold the largest market share for global messaging security market and is expected to continue through the forecast period. Rise in internet usage and need for security in communication across enterprises is primarily driving the market in this region. Asia Pacific is expected to show significant growth rate through the forecast period. The rapid increase in usage of mobile devices in industries and enterprises and deployment of cloud services are resulting in growth for global messaging security market. The increasing cyber-attacks and spams are fuelling the market growth.
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