PUBLISHER: Allied Market Research | PRODUCT CODE: 1365776
PUBLISHER: Allied Market Research | PRODUCT CODE: 1365776
According to a new report published by Allied Market Research, titled, "Messaging Security Market," The messaging security market was valued at $5.9 billion in 2022, and is estimated to reach $21.6 billion by 2032, growing at a CAGR of 14.3% from 2023 to 2032. Cloud computing technology, also known as messaging security, protects sensitive data using a protected CPU enclave to isolate sensitive data during processing. The data and processing methods are hidden and inaccessible to any other entity, including the cloud provider, as only authorized programming code has access to the enclave. Data privacy in the cloud is more important as organizational leaders depend more on public and hybrid cloud services. The major goal of messaging security is to give executives greater assurance about the security and confidentiality of their cloud-stored data. Its purpose is to motivate executives to move their maximum sensitive data and computing workloads to public cloud services. Some trusted execution environments (TEEs) permit the execution of arbitrary code while others have less capabilities. Moreover, due to its adaptability, the infrastructure or system is customized to fulfil certain security requirements. Furthermore, certain TEEs might have set codes that are determined during production. Using a trusted execution environment, messaging security software protects the code from unauthorized parties in addition to securing the data. This improved security offers advanced protection for algorithms and sensitive intellectual property.
The messaging security market is segmented on the basis of component, communication mode, deployment mode, end user, and region. On the basis of component, it is classified into solution and services. On the basis of communication mode, it is categorized into email and instant messaging. On the basis of deployment mode, it is segregated into on-premise and cloud. On the basis of end user, it is fragmented into BFSI, retail & e-commerce, healthcare, government and defense, media and entertainment, manufacturing, and others. Region-wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The global messaging security industry is dominated by key players such as Mcafee, Llc, Cisco Systems, Inc., Trend Micro Incorporated, Microsoft Corporation, Broadcom, Proofpoint, Inc., Sophos Ltd., Barracuda Networks, Inc., F-Secure, and Check Point Software Technologies Ltd. These players have adopted various strategies to increase their market penetration and strengthen their position in the messaging security market.
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