Messaging Security Market Expansion Continues, with Forecast Valuation of $20.12 Billion by 2029

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How Large Will the Messaging Security Market Size By 2025?_x000D_
The scale of the messaging security market has dramatically expanded in the last few years. With a compound annual growth rate (CAGR) of 18.3%, it is projected to surge from $8.56 billion in 2024 to $10.13 billion in 2025. This steady rise during the historical period is due to factors such as the surge in cyber threats, compliance mandates, the evolution of digital communication, the broadening of remote and hybrid work structures, and advancements in encryption technologies._x000D_
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How Big Is the Messaging Security Market Size Expected to Grow by 2029?_x000D_
In the coming years, we can anticipate a swift expansion in the messaging security market. The market size is forecasted to reach $20.12 billion in 2029, with a compound annual growth rate (CAGR) of 18.7%. This predicted growth throughout the forecast period can be linked to the increasing adoption of cloud-based solutions, artificial intelligence and machine learning growth, proliferation of mobile devices, digital transformation initiatives expansion, and heightened investment in zero trust security models. Key trends during this period encompass the growth of unified threat management solutions, an escalating demand for end-to-end encryption, the furtherance of secure mobile messaging solutions, the emergence of secure collaborative tools, and the increasing adoption of multifactor authentication._x000D_
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Which Key Market Drivers Powering Messaging Security Market Expansion and Growth?_x000D_
The surge in cyberattacks is projected to fuel the growth of the messaging security market. Cyberattacks are harmful intrusions by individuals or groups aimed at disrupting, damaging, or unlawfully accessing computer systems, networks, or data, frequently with the intention to steal information, inflict damage, or demand ransom money. This surge in cyberattacks is propelled by amplified digitalization, the spread of remote work culture, and the escalating sophistication of attackers utilizing cutting-edge technologies to exploit weak points in systems and networks. Messaging security is utilized to safeguard against cyberattacks by securing email and messaging platforms from threats like phishing, malware, and unlawful access, thereby ensuring the confidentiality, integrity, and availability of communications, and avert data breaches and information leaks. For instance, the Australian Signals Directorate, a federal agency based in Australia, reported in November 2023 that about 94,000 cybercrime reports were filed to ReportCyber in the financial year 2022-23, reflecting a 23% surge from the financial year 2021-22. Therefore, the surge in cyberattacks is spurring the growth of the messaging security market._x000D_
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Which Fast-Growing Trends Are Poised to Disrupt the Messaging Security Market?_x000D_
Prominent businesses in the messaging security market are concentrating on creating cutting-edge solutions like secure messaging to safeguard sensitive data and maintain a record of all communications. Secure messaging involves the encrypted transfer of delicate information between entities to maintain privacy and meet regulatory requirements, and is frequently used in industries like healthcare to protect patient information. For instance, in November 2023, SSH Communications Security, a cybersecurity firm based in Finland, unveiled Secure Messaging 2024, a secure messaging service. This platform includes features like comprehensive encryption, safe file transfers, and compatibility with stringent data privacy laws. Additionally, it integrates sophisticated identity management and access controls to ascertain secure communication within organizations, thereby enhancing data security and reducing the risk of unauthorized access._x000D_
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What Are the Emerging Segments in the Messaging Security Market?_x000D_
The messaging securitymarket covered in this report is segmented - _x000D_
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1) By Component: Solution, Services_x000D_
2) By Mode Of Communication: Email Messaging, Instant Messaging_x000D_
3) By Deployment: Cloud-based, On-premise_x000D_
4) By Industry: Banking, Financial Services And Insurance (BFSI), Healthcare And Lifesciences, Media And Entertainment, Automotive And Manufacturing, Education, Retail And E-commerce, Government, Other Industries_x000D_
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Subsegments:_x000D_
1) By Solution: Email Security Solutions, Instant Messaging Security Solutions, Mobile Messaging Security Solutions, Web Messaging Security Solutions, Gateway Security Solutions_x000D_
2) By Services: Consulting Services, Implementation Services, Support And Maintenance Services, Managed Security Services, Training And Awareness Services_x000D_
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Who Are the Global Leaders in the Messaging Security Market?_x000D_
Major companies operating in the messaging security market are Microsoft Corporation, Cisco Systems Inc., Broadcom Inc., Open Text Corporation, McAfee Corp., Trellix, Kaspersky Lab, Proofpoint Inc., Trustwave Holdings Inc., Secureworks, Barracuda Networks Inc., Trend Micro Inc., Mimecast Limited, WithSecure, Francisco Partners, Egress Software Technologies Ltd., Sophos Ltd., Agari Data Inc., Valimail, Hornetsecurity GmbH, GreatHorn Inc., MailChannels, MailGuard Pty Ltd., Trustifi _x000D_
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Which are the Top Profitable Regional Markets for the Messaging Security Industry?_x000D_
North America was the largest region in the messaging security market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the messaging security market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa._x000D_
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