On the basis of regional analysis the market is segmented into North America, Europe, Asia-Pacific and Rest of the World. North America region is generating highest market share in the messaging security market owing to better network infrastructure, digitization and higher technology implementation. Digitization in North America is mainly due to the invention of advanced technology and economies benefitting from it.
North America region is leading due to presence of major players from the region in the Messaging Security Market. The implementation of software based messaging security solutions by both small and medium enterprises is increasing rapidly, especially one into banking and finance. The messaging security is gaining demand as organization seek to increase their business productivity by shifting from on-premise to cloud based. The initial low cost, saving amount spent on infrastructure, automatic software upgrading and seamless integration is driving the market of cloud based messaging security solution.
The Messaging Security Market is expected to grow at approximately USD 6 Billion by 2023, at 16% of CAGR between 2017 and 2023.
Messaging Security Market Players:
- 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)
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Messaging Security Market Segmentation
The messaging security market has been segmented on the basis of components, type, mode of communication, deployment, and vertical. By deployment cloud solution enable enterprise to focus on core business competencies. It provides enterprises with data protection and security, efficiently manage storage and privacy issues, offers data integrity and provides information related to governance and make enterprise legally prepared.
Market Research Analysis:
The messaging security market in North America region is growing due to high adoption of cloud solutions by enterprise and need to improve messaging security in organizations. Changing banking regulation, that requires changes in documents and financial transaction is driving the market in the region. According to the study, the messaging security market will show considerable growth in Europe region. Asia-Pacific market is estimated to be one of the fastest growing market as enterprises are continuously investing into research and development of messaging security market. Increasing IT landscape is boosting the market in the region.
The region is witnessing high adoption of internet of things and bring your own device technology by enterprises. Developing countries such as India and China are adopting messaging security software at a large scale owing to increasing IT infrastructure, digitization and robust industrialization that is boosting the market in the region. By vertical segment, BFSI and retail sector is driving the messaging security market. The region is witnessing high growth in messaging security market due to growing technological advancement in cloud, analytics and mobile technologies.
- Investors and consultants
- System Integrators
- Government Organizations
- Research/Consultancy firms
- Technology solution providers
- IT Solution Providers
- Cloud Service Providers
- Instant Messaging Vendors
- Security Solution Providers
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