Artificial Intelligence
Messaging Security Market to Reach $21.6 Billion, Globally, by 2032 at 14.3% CAGR: Allied Market Research
The global messaging security market is experiencing growth due to a rise in online threats and an increase in need of rules and regulations.
PORTLAND, Ore., Sept. 12, 2023 /PRNewswire/ — Allied Market Research published a report, titled, “Messaging Security Market by Component (Solution and Service), Communication Mode (Email and Instant Messaging), Deployment Mode (On-premise and Cloud), End User (BFSI, Government and Defense, Healthcare, Retail and E-commerce, Media and Entertainment, Manufacturing, and Others), and Region (North America, Europe, Asia-Pacific, and LAMEA): Global Opportunity Analysis and Industry Forecast, 2022-2032.” According to the report, the global generated $5.9 billion in 2022, and is estimated to reach $21.6 billion by 2032, witnessing a CAGR of 14.3% from 2023 to 2032. The report offers a detailed analysis of changing market trends, top segments, key investment pockets, value chains, regional landscapes, and competitive scenarios.
The messaging security market refers to the segment of the economy dedicated to providing products and services aimed at protecting communication channels from a variety of online threats. This market encompasses a wide array of tools and methods designed to ensure the availability, confidentiality, and integrity of communications transmitted through diverse platforms, including email, instant messaging, and collaborative software. In today’s digital era, organizations heavily depend on messaging platforms for their daily operations.
Prime determinants of growth
Factors such as the rise in online threats and increase in need of rules and regulations primarily drive the growth of the messaging security market. However, the rise in cost of implementation and complexity of security solutions hamper the market growth severely. Moreover, a rise in adoption of cloud platforms is expected to provide lucrative opportunities for market growth during the forecast period.
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Report coverage & details:
Report Coverage
Details
Forecast Period
2023–2032
Base Year
2022
Market Size in 2022
$5.9 Billion
Market Size in 2032
$21.6 Billion
CAGR
14.3 %
No. of Pages in Report
372
Segments covered
Component, Communication Mode, Deployment Mode, End User, and Region.
Drivers
Rise in online threats
Increase in need of rules and regulations
Opportunities
Rise in adoption of cloud platform
Restraints
Rise in cost of implementation and complexity of security solutions
Covid-19 Scenario
The demand for messaging security solutions has increased as a result of the unexpected transition to remote work and greater reliance on digital communication platforms. Cybercriminals have used the pandemic to execute specialized attacks including phishing campaigns and malware distribution, taking advantage of messaging platform weaknesses. Organizations have therefore boosted their investment on messaging security solutions to safeguard their sensitive data and reduce the risks brought on by these cyberthreats. In order to safeguard these communication channels’ confidentiality, integrity, and availability and shield critical information from unauthorized access and data breaches, messaging security solutions have become increasingly important. Enquiry Before Buying: https://www.alliedmarketresearch.com/purchase-enquiry/15060
The solution segment to maintain its leadership status throughout the forecast period
Based on component, the solution segment held the highest market share in 2022, accounting for more than two-thirds of the messaging security market revenue and is estimated to maintain its leadership status throughout the forecast period, owing to protect messaging systems such as email, instant messaging, and social media, it necessitates a variety of security methods, such as encryption, authentication, access controls, and threat detection. However, the services segment is projected to manifest the highest CAGR of 16.3% from 2023 to 2032, owing to ensure the effectiveness of the messaging security measures, they assist organizations in identifying vulnerabilities, creating security rules, configuring and integrating security technologies, and performing routine audits and assessments.
The email segment to maintain its leadership status throughout the forecast period
Based on communication mode, the email segment held the highest market share in 2022, accounting for around two-thirds of the messaging security market revenue and is estimated to maintain its leadership status throughout the forecast period, owing to the usage of personal devices or insecure networks by remote workers. However, instant messaging segment is projected to manifest the highest CAGR of 16.6% from 2023 to 2032, owing to rise of remote work, many organizations now rely heavily on instant messaging systems for team collaboration and information exchange.
The on-premise segment to maintain its leadership status throughout the forecast period
Based on deployment mode, the on-premise segment held the highest market share in 2022, accounting for more than three-fifths of the messaging security market revenue and is estimated to maintain its leadership status throughout the forecast period, owing to the organizations that can customize and have more control over their messaging security architecture using the on-premise deployment strategy, which presents a number of benefits and opportunities. However, cloud segment is projected to manifest the highest CAGR of 15.6% from 2023 to 2032, owing to secure their messaging systems by utilizing the scalability and flexibility of cloud infrastructure.
The BFSI segment to maintain its leadership status throughout the forecast period
Based on end user, the BFSI segment held the highest market share in 2022, accounting for more than one-third of the messaging security market revenue and is estimated to maintain its leadership status throughout the forecast period, owing to provide secure communication channels, authenticate users, prevent unauthorized access, and enforce encryption and data protection protocols by setting strong messaging security measures. However, the media and entertainment segment is projected to manifest the highest CAGR of 19.0% from 2023 to 2032, owing to streaming services, digital downloads, and online collaborations, messaging systems have become the norm for exchanging sensitive data and intellectual property.
Asia-Pacific region to garner the major share by 2032
Based on region, the North America segment held the highest market share in terms of revenue in 2022, accounting for nearly two-fifths of the messaging security market revenue, owing to the increasing reliance on digital communication and the changing threat landscape, the North America region. However, the Asia-Pacific region is expected to witness the fastest CAGR of 18.0% from 2023 to 2032, owing to protect sensitive information, stop phishing attacks, and adhere to data protection laws, businesses and individuals in the region are investing in secure messaging solutions, encryption technology, and threat detection systems.
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Leading Market Players: –
McAfee, Llc Cisco Systems, Inc. Trend Micro Incorporated Microsoft Corporation Broadcom Proofpoint, Inc. Sophos Ltd. Barracuda Networks, Inc. F-Secure Check Point Software Technologies Ltd. The report provides a detailed analysis of these key players of the messaging security market. These players have adopted different strategies such as new product launches, collaborations, expansion, joint ventures, agreements, and others to increase their market share and maintain dominant shares in different countries. The report is valuable in highlighting business performance, operating segments, product portfolio, and strategic moves of market players to showcase the competitive scenario.
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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
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Artificial Intelligence
KMS Lighthouse and lastminute.com Triumph with a Double Win at the Global Sourcing Association (GSA) 2024 Awards
TEL AVIV, Israel, June 17, 2024 /PRNewswire/ — KMS Lighthouse, a global leader in knowledge management, is proud to announce its remarkable achievement of winning two prestigious awards with lastminute.com at the Global Sourcing Association (GSA) 2024 Awards. The brands were honored in the following categories:
Retail Programme of the Year: lastminute.com and KMS Lighthouse LimitedTechnology Enabled Programme of the Year (Automation/AI): lastminute.com and KMS Lighthouse LimitedKMS Lighthouse was also a finalist in the Service Provider of the Year category.
The awards were presented on June 11, 2024, at a glittering ceremony held at Richmond Hill Hotel, as part of the GSA Festival of Sourcing. Celebrating its 21st year, the GSA Awards recognize organizations that demonstrate exceptional best practices in strategic sourcing.
Sagi Eliyahu, CEO of KMS Lighthouse Limited commented “We are absolutely delighted to have won these two esteemed awards. This recognition underscores the tireless dedication and innovation of our teams in delivering exceptional knowledge management solutions to our clients. I would like to extend my heartfelt gratitude to our partners at lastminute.com. The synergy and true partnership we have formed exemplify the collaborative spirit needed to drive outstanding results.”
“We are thrilled to celebrate these award wins with KMS Lighthouse,” said Walter Di Lello, Knowledge Manager & Procedure Team Leader at lastminute.com. “This achievement is a testament to the hard work and dedication of both our teams. The collaborative partnership approach we have fostered with KMS Lighthouse has been pivotal in delivering innovative and impactful solutions. Thank you to everyone involved for their relentless commitment and excellence.”
This double accolade highlights KMS Lighthouse’s unwavering commitment to excellence, innovation, and effective collaboration. The successful partnership with lastminute.com has not only enhanced the retail sector’s capabilities but also set new standards in automation and AI-driven solutions.
About KMS Lighthouse:
KMS Lighthouse is a global leader in knowledge management solutions, providing innovative platforms that enhance organizational knowledge sharing and decision-making. Through advanced AI and automation technologies, KMS Lighthouse enables businesses to improve customer service, streamline operations, and achieve higher efficiency.
About lastminute.com
lastminute.com is the European Travel-Tech leader in Dynamic Holiday Packages. Our mission is to simplify, personalise, and enhance our customers’ travel experience by leveraging technology. Thanks to the iconic brand lastminute.com and a rich portfolio of vertical brands, we meet the most diverse needs of travellers across the entire holiday experience. As one of the few fully licensed European tour operators, we offer unlimited real-time travel combinations thanks to our proprietary Dynamic Holiday Packaging engine, providing additional customer protection and exclusive deals. lastminute.com N.V. is a publicly traded company listed under the ticker symbol, LMN on the SIX Swiss Exchange.
Media Contact:KMS Lighthouse [email protected] [email protected]://www.linkedin.com/company/kms-lighthouse/https://kmslh.com/
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Artificial Intelligence
CluePoints Continues ‘Turning Artificial Intelligence into Human Intelligence’ by Launching Two New Innovations
Site Profile & Oversight Tool (SPOT) and Intelligent Medical Coding (IMC) unveiled by RBQM innovator at DIA Global Annual Meeting 2024
KING OF PRUSSIA, Pa., June 17, 2024 /PRNewswire/ — CluePoints, provider of leading statistical and AI-driven software solutions, will unveil two of its latest advanced, deep learning technology innovations at the DIA Global Annual Meeting 2024. Both solutions deliver groundbreaking enterprise platform transformations providing Sponsors and CROs with a smarter way to conduct clinical research and detect and manage risks that could impact clinical trial outcomes.
Taking RBQM to a new level, CluePoints’ Site Profile & Oversight Tool (SPOT) delivers adaptive site monitoring, enabling teams to swiftly pinpoint anomalies and translate insights into strategies and actions. Sponsors and CROs can improve their ability to evaluate the performance of clinical trial sites and adjust site visit plans more effectively and efficiently while accurately balancing risk and resource workload.
Further streamlining processes, CluePoints’ Intelligent Medical Coding solution harnesses advanced deep learning technology to enhance the accuracy and efficiency of coding in clinical trials. It seamlessly integrates with existing systems to offer precise, AI-generated coding suggestions, drastically reducing the need for manual dictionary searches and costly coding reviews, freeing up valuable resources and ensuring uniformity across all coded data.
Andy Cooper, CEO of CluePoints, said: “DIA offers the perfect opportunity to share with the industry our latest disruptive and innovative solutions that address key challenges within traditional clinical research methods. Unveiling two new products that leverage next generation AI will transform how CluePoints is viewed in the industry, as we enhance our enterprise-wide solutions to reach new levels of accuracy and efficiency to both improve clinical trial performance and deliver greater insights to further mitigate risk. Our early adopters are already raving about how valuable they are finding both product offerings and we are excited to showcase how they will shape future processes and embody our brand promise to ‘turn artificial intelligence into human intelligence.”
With over 9,500 users engaged with CluePoints’ enterprise platform, to date over 1,600 studies have been de-risked and over 142,000 issues detected.
Visitors to the CluePoints’ DIA Global exhibition booth #1301 will have the opportunity to meet with subject matter experts and see demonstrations of both new platform solutions.
CluePoints also invites DIA attendees to join them at 3pm on Tuesday, June 18th, for a special toast at their booth to celebrate the latest innovations.
To learn more about CluePoints’ award-winning solutions, please visit www.cluepoints.com.
About CluePoints
CluePoints is the premier Risk-Based Quality Management (RBQM) and Data Quality Oversight Software provider. We are leveraging the potential of artificial intelligence using advanced statistics and machine learning to determine the quality, accuracy, and integrity of clinical trial data both during and after study conduct. Aligned with guidance from the FDA, EMA, and ICH E6 (R2), CluePoints is deployed to support central and on-site monitoring, medical review, quality risk management and to drive a holistic Risk-Based strategy in all trials. Coupled with thought leadership and consulting expertise to aid pre-study risk assessment, identification of risk controls and solution implementation, you now have everything you need to adhere with global regulatory guidance. The result is positive clinical development outcomes, increased operational efficiency, lower costs and reduced regulatory submission risk as part of the industry paradigm shift to RBQM.
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Artificial Intelligence
ComplyCube Launches Trust Center with the Most Complete Compliance Posture in the Market
LONDON, June 17, 2024 /PRNewswire/ — ComplyCube, a RegTech100 global leader in identity verification and compliance solutions, proudly announces the launch of its comprehensive Trust Center. This new initiative emphasizes ComplyCube’s unrivaled compliance posture, redefining security and privacy for IDV, KYC, and AML platforms. With over fifty continuously monitored controls, the AI-powered SaaS leads the way in ensuring clients stay ahead of international regulations and standards.
The Trust Center provides real-time updates on security measures, compliance statuses, and operational transparency, empowering clients to meet regulatory requirements confidently and allowing them to view ComplyCube’s compliance posture on demand. This platform is engineered to enhance transparency, build trust, and streamline compliance processes for organizations worldwide.
ComplyCube unveils its unrivaled compliance posture, redefining security and privacy for IDV, KYC, and AML platforms. With over fifty continuously monitored controls, ComplyCube leads the way in ensuring clients stay ahead of international regulations and standards.
Key Features of the Trust Center:
Real-Time Compliance Dashboard: Live updates on compliance metrics and security statuses.Comprehensive Resource Hub: Access to essential documents, certifications, and regulatory guidelines.Incident Reporting and Tracking: Full transparency in reporting and monitoring security incidents.Tarek Nechma, CEO of ComplyCube, remarked, “The launch of the Trust Center marks a pivotal milestone in our mission to build trust at scale and deliver state-of-the-art compliance solutions. This platform will empower our clients to navigate the complexities of regulatory landscapes with confidence.”
Non-compliance costs are 2.71 times higher than the costs of maintaining or meeting compliance requirements. Another study indicates that companies with strong compliance programs can reduce incident costs by up to 30%. On top of this, 84% of businesses encounter compliance challenges that can lead to significant financial and reputational damage. ComplyCube’s Trust Center aims to further mitigate these risks by providing tools that help businesses maintain and improve their compliance posture.
Mohamed Alsalehi, CTO of ComplyCube, stated, “We design our systems to be compliant by design with the stringent laws and regulations. This proactive approach ensures our clients can meet and exceed compliance requirements effortlessly.”
Joshua Dent, Business & Partnerships Manager, added, “The Trust Center showcases ComplyCube’s adherence to a multitude of globally recognized standards and data protection regulations. Clients and partners can find answers to many of their data protection questions, view active controls, and request documents to fulfill due diligence. It’s fantastic to see this go live following our latest certifications, such as UK DIATF, ISO 9001, PAD Level 2, and ISO 27001:2022 upgrade.”
ComplyCube continues to set industry standards with its innovative solutions, and the Trust Center’s launch underscores its mission to support businesses in achieving compliance excellence.
For more information about the Trust Center, visit ComplyCube Trust Center.
About ComplyCubeComplyCube is a leading provider of identity verification and compliance solutions, helping organizations across various sectors secure their operations and meet regulatory requirements. With a focus on innovation and customer satisfaction, ComplyCube delivers reliable and efficient services that empower businesses to thrive in a complex regulatory environment.
About VantaVanta is a leading trust management platform that automates compliance and streamlines security reviews for SaaS businesses. It helps companies manage risk and prove security in real-time, ensuring adherence to global standards and data protection regulations. With Vanta’s Trust Center, businesses can efficiently manage compliance processes and demonstrate their commitment to security and trust.
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