The Europe Messaging Security Market would witness market growth of 12.6% CAGR during the forecast period (2023-2030).
The growing prevalence of cloud-based delivery is compelling security solution providers to incorporate cloud offerings into their product portfolios. To achieve this objective, industry participants have been observed to pursue mergers and acquisitions. They acquire lesser but active participants in new product development who have performed well in previous years.
Additionally, the growing use of consumer-based systems like MSN, Google, and Yahoo and instant messaging services as corporate tools are pressuring solution vendors to offer a complete enterprise security suite. In addition, the demand for security solutions that provide audit trails, identity, and administrative controls is anticipated to increase in the coming years.
Europe has a relatively high level of cybersecurity awareness among businesses and individuals. Organizations recognize the importance of protecting sensitive information and have invested in messaging security as part of their cybersecurity strategies. Many European countries have their own data protection regulations. Compliance with these regulations often necessitates secure messaging practices and technologies to protect sensitive data. The financial sector in Europe relies heavily on secure messaging to protect financial transactions, customer data, and sensitive financial information. Messaging security is crucial for preventing fraud and ensuring regulatory compliance. With rising high level of cybersecurity awareness among European region, the market is witnessing substantial growth.
The Germany market dominated the Europe Messaging Security Market, By Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $980.4 million by 2030. The UK market is exhibiting a CAGR of 11.6% during (2023 - 2030). Additionally, The France market would experience a CAGR of 13.4% during (2023 - 2030).
Based on Component, the market is segmented into Solution and Services. Based on Communication Mode, the market is segmented into Email and Instant Messaging. Based on Deployment Type, the market is segmented into On-premises, and Cloud. Based on Vertical, the market is segmented into BFSI, Media & Entertainment, Healthcare, Government & Defense, Manufacturing, Retail & Ecommerce and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Messaging Security Market will Hit $15 Billion by 2030, at a CAGR of 12.8%
The market research report covers the analysis of key stakeholders of the market. Key companies profiled in the report include Proofpoint, Inc. (Thoma Bravo), Cisco Systems, Inc., Trend Micro, Inc., Check Point Software Technologies Ltd., Microsoft Corporation, Forcepoint LLC (Francisco Partners), F-Secure Corporation, Barracuda Networks, Inc. (KKR & Co. Inc.), McAfee Corp., Broadcom, Inc.
By Component
By Communication Mode
By Deployment Type
By Vertical
By Country
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