As per MRFR Analysis, the Messaging Security Market is projected to grow from USD 13.32 Billion in 2024 to USD 31.74 Billion by 2032, with a CAGR of 11.46% during the forecast period. The market was valued at USD 11.77 Billion in 2023. Key drivers include the growing adoption of cloud-based messaging platforms, the need for secure communication, and the rise in cyber-attacks. The North American region is expected to dominate the market due to high technology adoption and increasing cyber threats.
The Messaging Security Market is witnessing significant growth driven by various trends.
Key players include McAfee LLC, Cisco Systems Inc., F-Secure Corporation, Forcepoint, Symantec Corporation, Trend Micro Incorporated, Proofpoint Inc., Microsoft Corporation, Sophos Ltd., and Barracuda Networks Inc.
Growing adoption of cloud-based messaging platforms, Need for secure communication and rise in cyber-attacks are the key market drivers enhancing market growth.
Figure 1: Messaging Security Market Size, 2024-2032 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Growing adoption of cloud-based messaging platforms driving the market growth
Cloud-based messaging platforms such as Microsoft Teams, Slack, and Google Chat offer many benefits to businesses, including flexibility, scalability, and cost-effectiveness. However, these platforms also come with inherent security risks, such as data breaches, phishing attacks, and malware infections. Messaging security solutions provide businesses with the necessary tools and technologies to mitigate these risks and protect their sensitive information. These solutions offer features such as encryption, data loss prevention, and threat detection to ensure that communication remains secure and confidential.
The increasing adoption of cloud-based messaging platforms has led to a significant increase in demand for messaging security solutions. Therefore, the adoption of cloud-based messaging platforms has created a need for messaging security solutions to protect against security threats. This has resulted in increased demand for messaging security solutions and is expected to continue driving the growth of the messaging security market in the coming years.. Thus, driving the Messaging Security market revenue.
In today's digital age, businesses of all sizes need to communicate securely to protect sensitive information such as financial data, personal information, and intellectual property. Messaging security solutions help businesses ensure that communication remains confidential, secure, and protected from cyber threats. These solutions use various techniques such as encryption, authentication, and access control to secure messaging platforms and prevent unauthorized access to sensitive information.
The rise in cybercrime and the increasing number of data breaches have made it essential for businesses to take proactive measures to secure their communication channels. Messaging security solutions help businesses address these security threats by providing features such as anti-spam, anti-virus, and anti-phishing protection to detect and block malicious messages and emails. Therefore, the need for secure communication is a significant driver for the messaging security market. With the rise in cyber threats and the increasing need for data protection, businesses of all sizes are adopting messaging security solutions to ensure secure communication and prevent security breaches..
Based on the components, the messaging security market segmentation includes solution, and service. The services Messaging Security segment dominated the market. This is because increasing adoption of managed messaging security services. Managed services allow businesses to outsource the management of their messaging security to a third-party provider, which can help reduce costs and improve overall security. Managed services providers offer a range of services, including threat monitoring, incident response, and security updates.
Based on Deployment, the Messaging Security market segmentation includes cloud-based and on-premise. The cloud-based segment dominated the market. This is because Cloud-based messaging security solutions provide businesses with greater flexibility, scalability, and cost-effectiveness compared to traditional on-premise solutions. With cloud-based solutions, businesses can quickly deploy and scale messaging security solutions as needed without the need for significant upfront investments in hardware and infrastructure.
Figure 2: Messaging Security Market by Deployment, 2022 & 2032 (USD billion)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
By Region, the study provides market insights into North America, Europe, Asia-Pacific and Rest of the World. The North American Messaging Security market will dominate, due to the region's high adoption of technology and the increasing prevalence of cyberattacks. The market in North America is driven by several factors, including the increasing volume of email and instant messaging communication, the need for regulatory compliance, and the growing adoption of cloud-based messaging security solutions.
Further, the major countries studied in the market report are The U.S., Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.
Figure 3: Messaging Security MARKET SHARE BY REGION 2022 (%)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Europe's Messaging Security market accounts for the second-largest market share due the increasing prevalence of cyberattacks and the need for organizations to comply with data protection regulations. The market in Europe is driven by several factors, including the high adoption of cloud-based messaging security solutions, increasing volumes of email and instant messaging communication, and the growing awareness of cybersecurity threats. Further, the German Messaging Security market held the largest market share, and the UK Messaging Security market was the fastest-growing market in the European region
The Asia-Pacific Messaging Security Market is anticipated to develop at the fastest CAGR from 2023 to 2032. The market is driven by increasing adoption of cloud-based messaging solutions, the growing awareness of cybersecurity threats, and the need for regulatory compliance. Moreover, China’s Messaging Security market held the largest market share, and the Indian Messaging Security market was the fastest-growing market in the Asia-Pacific region. For instance, Chinese government has introduced various regulations, such as the Cybersecurity Law, which require businesses to ensure the security of their networks and information systems. Moreover, in India, the government has introduced various regulations, such as the Personal Data Protection Bill, which require businesses to ensure the security of personal data. This is driving the demand for messaging security solutions in the country.
Leading market players are investing heavily in research and development to expand their product lines, which will help the Messaging Security market, grow even more. Market participants are also undertaking several strategic activities to increase their footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. The messaging security industry must offer innovative products to expand and survive in a more competitive and rising market climate.
Manufacturing locally to minimize operational costs is one of the key business tactics manufacturers use in the Messaging Security industry to benefit clients and increase the market sector. In recent years, the Messaging Security industry has offered some of the most significant advantages to the market. Major players in the Messaging Security market, including McAfee LLC (U.S.), Cisco Systems Inc. (U.S.), F-Secure Corporation (Finland), Forcepoint (U.S.), Symantec Corporation (U.S.), Trend Micro Incorporated (Japan), Proofpoint Inc. (U.S.), Microsoft Corporation (U.S.), Sophos Ltd. (U.K.), Barracuda Networks Inc. (U.S.), and others, are attempting to increase market demand by investing in research and development operations.
Proofpoint is a cybersecurity and compliance company that offers a range of solutions for email security, advanced threat protection, data loss prevention, and compliance. Its solutions are designed to help organizations protect against a range of cybersecurity threats, including phishing, malware, ransomware, and insider threats. For instance, in February 2020, Proofpoint, a cybersecurity and compliance solutions provider, announced the acquisition of ObserveIT, a provider of insider threat management solutions, to enhance its email security offerings.
Cisco Systems Inc. is a multinational technology company that designs and manufactures networking hardware, software, and telecommunications equipment. The company offers a wide range of solutions for networking, security, collaboration, cloud computing, and Internet of Things (IoT) applications. For instance, in September 2020, Cisco, a multinational technology company, launched a new messaging security solution called Cisco Secure Email, which provides advanced threat protection and real-time threat intelligence for email communication.
McAfee LLC (U.S.)
Cisco Systems Inc. (U.S.)
F-Secure Corporation (Finland)
Forcepoint (U.S.)
Symantec Corporation (U.S.)
Trend Micro Incorporated (Japan)
Proofpoint Inc. (U.S.)
Microsoft Corporation (U.S.)
Sophos Ltd. (U.K.)
Barracuda Networks Inc. (U.S.)
In November 2022, McAfee Corp., a worldwide online protection software giant, collaborated with Mastercard, allowing the cardholders of Mastercard’s personal and small-medium size businesses to use McAfee’s security solutions. The purpose of this alliance was to improve the online protection of even larger segments of customers.
In April 2022, Trend Micro Incorporated launched a new platform, which has been termed Trend Micro One. It is a fully-fledged cyber security platform that has numerous partnership technology ecosystems. This platform helps customers predict, share, and minimize their cyber risk more effectively.
In October 2024, a share purchase of an Italian defense company called Leonardo made an announcement that it would be specializing in cyber security operations and that it would be merging with a dozen local and international companies. CEO Roberto Cingolani reported that some agreements could be wrapped up by the end of the year, provided that every acquisition should not exceed 15% of the turnover of the division. This strategy aligns with Leonardo's 2024-2028 plan, which projects an 18% increase in the cybersecurity sector growth due to investments that will be made in the digitalized sector.
A U.S.-based tech company, Cisco Systems, bought Armorblox, a messaging security solutions firm, for an undisclosed amount in May of 2023 for the sole purpose of enhancing Cisco’s investment portfolio. The acquisition was made with the intention of expanding Cisco’s AI powered email security as well as data protection features, assisting the company in fighting facilitated threats such as phishing and business email breaching.
In November 2024, SSH Communications Security, which is a cybersecurity firm located in Finland, introduced a Secure Messaging 2024 system which consists of end-to-end encryption, secure file transfers and allows protection against overreaching data privacy policies. This system is intended to help the cybersecurity industry with finding solutions against new emerging cyber threats.
Solution
Service
Cloud-Based
On-Premise
US
Canada
Germany
France
UK
Italy
Spain
Rest of Europe
China
Japan
India
Australia
South Korea
Australia
Rest of Asia-Pacific
Middle East
Africa
Latin America
| Attribute/Metric | Details |
| Market Size 2023 | USD 11.77 billion |
| Market Size 2024 | USD 13.32 billion |
| Market Size 2032 | USD 31.74 billion |
| Compound Annual Growth Rate (CAGR) | 11.46% (2024-2032) |
| Base Year | 2023 |
| Market Forecast Period | 2024-2032 |
| Historical Data | 2019- 2021 |
| Market Forecast Units | Value (USD Billion) |
| Report Coverage | Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | Components, Solution, Services, Mode of Communication, Deployment, End-User, and Region |
| Geographies Covered | North America, Europe, Asia Pacific, and the Rest of the World |
| Countries Covered | The U.S., Canada, German, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil |
| Key Companies Profiled | Â McAfee LLC (U.S.), Cisco Systems Inc. (U.S.), F-Secure Corporation (Finland), Forcepoint (U.S.), Symantec Corporation (U.S.), Trend Micro Incorporated (Japan), Proofpoint Inc. (U.S.), Microsoft Corporation (U.S.), Sophos Ltd. (U.K.), and Barracuda Networks Inc. (U.S.) |
| Key Market Opportunities | Rise in the number of cyber threats |
| Key Market Dynamics | Growing adoption of cloud-based messaging platformsNeed for secure communication |
Messaging Security Market Highlights:
Frequently Asked Questions (FAQ) :
The messaging security market size was valued at USD 11.77 Billion in 2023.
The market is projected to grow at a CAGR of 11.46% during the forecast period, 2024-2032.
North America had the largest share of the market
The key players in the market are McAfee LLC (U.S.), Cisco Systems Inc. (U.S.), F-Secure Corporation (Finland), Forcepoint (U.S.), Symantec Corporation (U.S.), Trend Micro Incorporated (Japan), Proofpoint Inc. (U.S.), Microsoft Corporation (U.S.), Sophos Ltd. (U.K.), and Barracuda Networks Inc. (U.S.).
The services messaging security category dominated the market in 2022.
The cloud-based type had the largest share of the market.
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Team Lead - Research she holds an experience of about 6+ years in market research and business consulting, working under the spectrum of information communication technology, telecommunications and semiconductor domains. aarti conceptualizes and implements a scalable business strategy and provides strategic leadership to the clients. her expertise lies in market estimation, competitive intelligence, pipeline analysis, customer assessment, etc.
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