World Messaging Security Market to Post 17.3% CAGR to 2023, States Stratistics MRC in Its Topical Report Published at MarketPublishers.com09 Nov 2017 • by Natalie Aster
LONDON – Worldwide, the messaging security market is projected to gather momentum at a 17.3% CAGR in the years to come, growing from USD 1.76 billion as of 2016 to be estimated at USD 5.39 billion by 2023.
The major forces stimulating the market growth include an increase in the uptake of virtual appliance- and cloud-based solutions, and customers’ surging demand for integrated solutions to secure and protect confidential business information. Meantime, high cost of cutting-edge messaging security solutions could pose a challenge to the growth of the marketplace.
E-mail protection solutions represent one of the swiftly growing segments as these solutions aid in securing crucial information. Many industry verticals are moving towards cloud-based deployment solutions owing to the rise of attacks in on-premise applications. Furthermore, these solutions decrease operating costs, which results in the fast-paced growth of demand for cloud deployment. Additionally, organisations are increasingly using cloud-based solutions as it is less expensive and provides an enhanced user-interface.
Geography-wise, North America leads the world messaging security market grabbing the lion’s market share owing to a hike in the adoption of BYOD, IoT technologies and cloud solutions amid different industries to boost their spending on security solutions. APAC comes еру second in this respect.
Sophos, Symantec Corporation, Proofpoint, F-Secure Corporation, Microsoft Corporation, Google, Mimecast Limited, Mcafee LLC, Cisco Systems, Clearswift Group, Forcepoint, and Check Point Software Technologies, among others, are the key players in the market.
Topical research report “Messaging Security - Global Market Outlook (2017-2023)” drawn up by Stratistics MRC offers a comprehensive evaluation of the market globally.
The report provides a detailed analysis of the market shares on a regional and country level; analyses market shares of the leading market players. The research study canvasses the key factors propelling and hindering the sector’s growth; assesses the challenges, threats, and investment opportunities in the market. It tracks the supply chain trends based on an overview of technology advances. The report canvasses the competitive scenario and profiles the top market participants. The publication also offers strategic recommendations in leading business segments, and provides 7-year projections for the entire market and its segments, and also the major regional markets.
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