Messaging Security Market Report

Messaging Security Market Analysis By Product (Messaging Gateways, Email Protection, Anti-virus), By Deployment (Cloud, On-premise), By End-use, By Region, And Segment Forecasts, 2014 - 2025

Published: August 2017  |  110 Pages  |  Format: PDF  |  Report ID: GVR-1-68038-577-9

Industry Insights

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.

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.

U.S. messaging security market, by product, 2014 - 2025 (USD Million)

U.S. messaging security market

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.

Product Insights

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.

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.

Deployment Insights

Cloud deployment is anticipated to emerge as the fastest-growing segment and would gain momentum over the next eight years. The segment is expected to register a CAGR of 14.8% over the forecast period. Such a significant growth can be attributed to the reduction of operational costs, easy deployment, and administration offered by cloud.

Organizations across various industries are switching to cloud-based solution deployment, owing to the rise in the number of attacks on on-premise applications. According to Alert Logic, Inc. Cloud Security Report 2015, 45% of the total on-premise attack incidents were on application. Moreover, it helps in reducing costs, improving user-interface, and allows for large-scale customization.

Additionally, the growing popularity of the cloud-based SaaS solutions among the customers is becoming a major trend in the market. This can be attributed to the benefits offered by SaaS such as reduced investment costs and improved revenue models (subscription or pay-per-use).

End-use Insights

The corporate segment acquired a significant share in the end-use segment in 2016 and is expected to dominate the market over the next eight years. The residence segment is anticipated to experience growth, but at a relatively lower rate than the corporate segment. This can be attributed to the increasing usage of mobile devices such as smartphones and tablets for accessing enterprise as well as personal emails, data, and applications.

The accelerating adoption of mobile devices in enterprises facilitates easy access to a variety of applications and emails. However, they are prone to cyber threats, spams, and virus attacks that can result in the permanent loss of critical data. For this reason, the usage of messaging security products is increasing in corporate and large enterprises.

With the growing awareness regarding the importance of these solutions, the residence segment is expected to grow and gain momentum in the coming years. However, the growth will be significantly lower than that of the corporate segment as these solutions find more relevance in enterprises when it comes to the amount of data and costs involved.

Asia Pacific messaging security solution market, by deployment, 2016 (%)

Asia Pacific messaging security market

Regional Insights

The North American regional market acquired a significant share in the market and was estimated to reach a size of USD 3,655.3 million over the forecast period. The region comprises the presence of a large number of prominent players, along with the developed economies of the U.S. and Canada.

Developed economies such as the U.S. and Canada are increasingly focusing on improving their existing safety technologies. They are observed to be taking the necessary measures to protect their infrastructure, either through the introduction of new compliance standards and regulatory mandates, or significant investments in research & development activities.

However, the Asia Pacific region is anticipated to grow at the highest CAGR of 18.6% over the forecast period. This can be attributed to the presence of rapidly growing economies such as China, Australia, and India, among others. These economies are experiencing an increasing adoption of cloud, Bring Your Own Device (BYOD), and Internet of Things (IoT) technologiesacross various industries, thus compelling them to increase their spending on security solutions.

Competitive Insights

The industry is characterized by the presence of a few dominant players having significant a market share. Some of the prominent players that are dominating the industry are Cisco Systems, Inc., Symantec Corp., Trend Micro Inc., McAfee, LLC, Barracuda Networks, Inc., Proofpoint, Inc., Panda Security, Clearswift, Forcepoint LLC, and Sophos Ltd., among others.

Market players are observed to be engaging in acquisitions and collaborations activities to facilitate the development of new products and services. The industry is intensely competitive due to the presence of dominating players, and the increasing number of new players. Moreover, big players are seen to be acquiring other players to consolidate their position in the industry.

For instance, in July 2013, McAfee LLC acquired Stonesoft Oyj for a total value of approximately USD 389 million in cash. The acquisition was aimed to strengthen the company’s security portfolio and consolidate its position in the industry.

Report Scope

Attribute

Details

Base year for estimation

2016

Actual estimates/Historical data

2014 - 2015

Forecast period

2017 - 2025

Market representation

Revenue in USD Million & CAGR from 2017 to 2025

Regional scope

North America, Europe, Asia Pacific, Latin America, and MEA

Country scope

U.S., Canada, UK, Germany, India, Japan, China, and Brazil

Report coverage

Revenue forecast, company ranking, competitive landscape, growth factors, and trends

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Segments Covered in the Report

This report forecasts revenue growth at the global, regional, and country levels and provides an analysis of industry trends in each of the sub-segments from 2014 to 2025. For the purpose of this study, Grand View Research has segmented the global messaging security market based on product, deployment, end-use, and region:

  • Product Scope (Revenue, USD Million; 2014 - 2025)

    • Anti-virus

    • Email Protection

    • Messaging Gateway

  • Deployment Scope (Revenue, USD Million; 2014 - 2025)

    • Cloud

    • On-premise

  • End-use Outlook (Revenue, USD Million; 2014 - 2025)

    • Corporate

    • Residence

  • Regional Outlook (Revenue, USD Million; 2014 - 2025)

    • North America

      • U.S.

      • Canada

    • Europe

      • UK

      • Germany

    • Asia Pacific

      • China

      • Japan

      • India

    • Latin America

      • Brazil

    • Middle East & Africa (MEA)

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