The "Messaging Security Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)" report has been added to ResearchAndMarkets.com's offering.
The messaging security market was valued at USD 5.5 billion in 2020 at a CAGR of 15.4% over the forecast period (2021 - 2026).
Cisco Systems, Inc.
Barracuda Networks, Inc.
Trend Micro Incorporated
Trustwave Holdings, Inc.
Forcepoint Software company
Key Market Trends
Applications in BFSI to Hold the Largest Market Share
The stored data is continuously growing, with an increase in the number of e-transactions. Email and SMS exchanges within this sector, amongst employees, as well as customers, contain crucial valuable information that is rather lucrative and can result in financial gain for hackers.
Additionally, organizations in the investment banking sector, which use emails as the primary mode of communication both internally and externally, are taking measures to encrypt and limit eavesdropping and hacking of their email accounts.
According to Kaspersky Lab, in 2018, the share of financial phishing decreased from 53.82% to 44.7% of all phishing detections, accounting for almost half of overall detections, the share of financial phishing encountered by Mac users slightly grew, accounting for 57.6%.
Asia Pacific is Expected to Witness Highest Growth in the Market
Due to the extensive geographic coverage, government authorities across the APAC countries are implementing strict rules and regulations for messaging traffic, which in return are significant factors driving the growth of the messaging security market in the APAC region.
The increase in security and privacy in Emails & SMSs in the region and stringent government regulations are the major factors that are driving the adoption of messaging security solutions for various industries.
Alongside the digital transformation in the region, companies in Asia-Pacific have been found to be 80% more likely to be targeted by hackers when compared to other regions, owing to ineffective cyber laws and lack of cyber-security awareness in the region which will drive the messaging security market in the region.
Key Topics Covered:
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Market Overview
4.2 Introduction to Market Drivers and Restraints
4.3 Market Drivers
4.3.1 Protecting the Confidential Information from Malware Threats
4.3.2 Increasing Popularity of Cloud-Based and Virtual Appliance-Based Solutions
4.4 Market Restraints
4.4.1 High Cost for Advanced Messaging Security Solutions
4.4.2 Increasing Complexity of Network Infrastructure
4.5 Industry Attractiveness - Porter's Five Force Analysis
4.5.1 Threat of New Entrants
4.5.2 Bargaining Power of Buyers/Consumers
4.5.3 Bargaining Power of Suppliers
4.5.4 Threat of Substitute Products
4.5.5 Intensity of Competitive Rivalry
5 MARKET SEGMENTATION
5.1 By Deployment Type
5.2 By Type
5.3 By End-user Industries
5.3.4 Media & Entertainment
5.3.5 Retail & E-commerce
5.3.8 Other End-user Industries
5.4.1 North America
5.4.4 Latin America
5.4.5 Middle East & Africa
6 COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 Mcafee, LLC
6.1.2 Cisco Systems, Inc.
6.1.3 Barracuda Networks, Inc.
6.1.4 Microsoft Corporation
6.1.5 Trend Micro Incorporated
6.1.6 TATA Communications
6.1.7 Mimecast Limited
6.1.8 Trustwave Holdings, Inc.
6.1.9 Sophos Ltd.
6.1.10 Proofpoint, Inc.
6.1.11 Forcepoint Software company
7 INVESTMENT ANALYSIS
8 MARKET OPPORTUNITIES AND FUTURE TRENDS
For more information about this report visit https://www.researchandmarkets.com/r/3hrsy0
View source version on businesswire.com: https://www.businesswire.com/news/home/20210301005411/en/
Laura Wood, Senior Press Manager
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900