Messaging Security Market: Analysis: By Key Players, Applications, Growth Trends, Region & Segment Forecast To 2019 - 2027

 Messaging Security Market: Introduction

Messaging security is a solution that provides protection against malware, viruses, phishing, and advanced spam. Messaging security helps to secure the authenticity and confidentiality of an organization’s or an individual’s communication methods. The messaging security market is expected to advance at a CAGR of 13% from 2019 to 2027, reaching a market size of ~US$ 8 Bn by 2027 up from ~US$ 3 Bn in 2019. In 2020, the market growth is expected to be low, due to the spread of the coronavirus infection globally.

Increasing Adoption of Messaging Applications as Cost-effective Communication Platform

Rising demand for cost-effective communication solutions from enterprises is projected to generate demand for highly advanced communication systems. Solution providers are offering secured messaging platforms to enterprises so as to help them maintain confidentiality of the enterprise communication data. Solution providers are offering a message-encrypted platform that provides security to commercial text messages, emails, and other messaging sources. These service providers are managing security and offering communication services at low prices. Subscription charges for messaging platforms are lower than other communication platforms. Increasing demand for email communication and Chatbot communication on a website or commercial application fuels the demand for messaging security.

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Messaging Security Market: Competitive Dynamics

Some of the major players in the global messaging security market are AO Kaspersky Lab, Barracuda Networks, Inc., Broadcom, Cisco Systems, Inc., Clearswift, Forcepoint, McAfee, LLC, Microsoft Corporation, Mimecast Services limited, Proofpoint, Inc., Quick Heal Technologies Limited, Retarus System, Sophos Ltd., and Trend Micro Incorporated.

Training Programs Help Clear Confusion of Policy Execution in Practical Applications

Instant messaging through mobile devices is gaining prominence as dislike for email increases in the messaging security market. Hence, users should be aware about how to protect their data in the messaging era, which is not an option for IT security departments in enterprises. However, there is a need to update policies that encompass new messaging and collaborative technologies, involving exclusive examples of acceptable and prohibited uses in the messaging security market. A clarity on these explicit examples will help to clear the confusion associated with the deployment of policies in practical use cases.

Analysts of Transparency Market Research (TMR) opine that training programs will help to keep professionals and employees in the market for messaging security to be abreast with updated policies associated with the management of high-value organizational data. Vendors in the messaging security market should encourage enterprises to conduct training programs delivering knowledge about social engineering attacks.

Security Standard Forums Create Flexible Operations for Protection of 5G Network Architectures

Leading market players are conducting webcasts to highlight the importance of messaging security throughout the telecom industry. For instance, Nokia conducted their Security & E2E Product Security Analyst Webcast to shed some light on emerging complexities of the 5G network architecture in the telecom industry. As such, there is a need for dynamic and flexible security operations to protect diverse end users in the telecom sector.

Companies in the messaging security market are unlocking opportunities in fixed, mobile, and 5G-IoT security solutions. This is being achieved by increasing focus in software security solutions and Security as a Service (SaaS) models. Companies in the messaging security market are leveraging their work in security standards forums to innovate in solutions that address security requirements of complex 5G network architectures.