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3. Symantec Corporation and McAfee LLC are the leading players in the Messaging Security Market

Messaging security is a protective approach to provide security to organization’s messaging infrastructure. The organization mode of communications includes email messaging and instant messaging. Email is the most commonly used communication mode in the organizations. A small security gap in the communication infrastructure may lead to a huge loss to the organization. The communication system is majorly attacked by spams, malware, viruses, Business Email Compromise (BEC) attack, social engineering, zero-hour malware, intrusions, and other security threats. The messaging security solutions help organizations to comply with the Payment Card Industry Data Security Standard (PCI DSS), Health Insurance Portability and Accountability Act (HIPAA), and other compliances. In this report, MarketsandMarkets expects the messaging security market size to grow from USD 2.64 Billion in 2017 to USD 5.50 Billion by 2022, at a Compound Annual Growth Rate (CAGR) of 15.8%.

The key players in the market include McAfee LLC (US), Cisco Systems, Inc. (US), Trend Micro Incorporated (Japan), Symantec Corporation (US), Proofpoint, Inc. (US), Forcepoint (US), Microsoft Corporation (US), Sophos Ltd. (UK), Barracuda Networks Inc. (US), F-Secure Corporation (Finland), Trustwave Holdings, Inc. (US), Mimecast Limited (UK), Check Point Software Technologies Ltd. (Israel), Adaptive Mobile Security Limited (Ireland), GWAVA, Inc. (Canada), GreatHorn, Inc. (US), E-lock (US), Retarus Group (Germany), Clearswift Group (UK), Google Inc. (US), Total Defense Inc. (US), Fortinet, Inc. (US), Panda Security, S.L. (Spain), and SonicWall Inc. (US). These players have adopted various strategies such as partnerships, collaborations, agreements, mergers and acquisitions, and new product launches, to achieve growth in the global messaging security market.

Symantec Corporation is among the leading players in the messaging security market. The fundamental objective of Symantec is to meet every client’s requirement and also provide new advancements in messaging security. The company serves clients across different industries, such as IT, telecommunications, Banking, Financial Services, and Insurance (BFSI), healthcare, retail, education, government, automotive, utilities, and others. The company has its major presence in North America, Europe, and Asia Pacific (APAC), Middle East and Africa (MEA), and Latin America. Symantec is considered to be one of the strongest providers of messaging security solutions and services. The organization follows both organic and inorganic growth strategies for expansion of its market shares. For instance, in February 2017, the company launched enhanced Symantec Cloud Security Platform that delivered better protection, increased visibility, and enhanced control of critical assets, users, and data. Similarly, in July 2017, the company acquired US and Israel-based company Skycure, a key provider of mobile threat defense solutions, which would enrich Symantec’s offerings along with increasing its customer base. Moreover, in March 2016, the company launched a website security package, Encryption Everywhere, to help web hosting providers encrypt websites. It would enable hosting providers to offer their services with enhanced website validation, protection, and trust seals.

McAfee LLC is another leading provider of messaging security solutions and service to a variety of verticals across the globe. The organization has a noteworthy presence in a large number of countries and primarily serves the regions of North America, Europe, and APAC, MEA, and Latin America. McAfee’s long-term strategy leans towards organic and inorganic growth, where it hopes to launch new messaging security solutions and enhance its capabilities through new product launches and partnerships with strong companies. For instance, in December 2016, the company launched an integrated solution, True Key extension with Windows Hello which delivered a seamless multi-factor sign-in experience on Microsoft Edge. Similarly, in May 2017, the company extended its partnership with Samsung to provide pre-installed security software protection on Samsung Smart TVs, Samsung PCs, and the Samsung Galaxy S8 smartphone line worldwide. Moreover, in June 2015, the company formed a partnership with Honeywell to provide improved security to critical industrial infrastructure and the Industrial Internet of Things (IIoT). These developments helped the company to enhance its capabilities as well as gain a significant market share in the global messaging security market.

Related Reports:

Messaging Security Market by Solution (Content Filtering, Email Encryption, Data Loss Prevention, Antispam and Antimalware), Service, Mode of Communication (Email Messaging, Instant Messaging), Deployment Mode, Vertical, and Region - Global Forecast to 2022

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