Social Media Security Market Size, Opportunities, Key Growth Factors, Revenue Analysis, For 2023–2028 – Reports and Data

PRESS RELEASE

Published March 24, 2023

The Social Media Security market is expected to grow from USD 946.4 Million in 2020 to USD 946.4 Million by 2028, at a CAGR of 12.03% during the forecast period. Increasing need for secured social media surfing, increasing digitalization, internet and mobile usage, increase in use of social media platforms, strict government norms regarding security of data, high usage of social media resulting in large volume of data generation, increasing security breaches, such as cyber terrorism, fraud, money laundering, identity theft, hacking, adoption of BYOD services and growth of e-commerce, which the industries use to connect with their customers, leaving these customers into risks of data theft are some of the driving factors of the market.

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Further key findings from the report suggest:

The Social Media Security market is segmented by security types into web security, application security, endpoint security, network security, and cloud security. The network and cloud security types are expected to witness the highest growth of a CAGR of 12.4% during the forecast period, due to excessive use of cloud, mobiles, tablets globally, which makes these segments more prone to cyber-attacks and network hacking.
The Social Media Security Market is segmented by component into solutions and services. The solutions segment is expected to grow with the highest CAGR of 12.7% during the forecast period, due to the growth of threat intelligence simulation needed for industries to secure the social media data and networks against security breaches.
The Social Media Security market is segmented by organization size into large and small & medium-sized enterprises. Small and medium-sized mostly adopt social media security solutions, since SMEs are more prone to cyber-attacks.
The Social Media Security Market is segmented by industry vertical into banking, financial services & insurance, healthcare, legal education, retail, media & entertainment, and others, government and defense, travel and hospitality, manufacturing, telecom and IT, education and others (automotive, and energy and utilities). Manufacturing segment is speculated to witness the highest growth of a CAGR of 13.1% during the forecast period since they use social media as a marketing and promotion platform.
The Social Media Security Market is segmented geographically into North, America, Europe, Asia Pacific and Rest of the World. North America, being a developed and economically strong region, dominates the market with a market share of approx. USD 284.5 million in the base year, for securing their confidential data on social media platforms.

Key companies profiled in the report include:

Sophos (UK), Trend Micro (Japan), Symantec (US), Micro Focus (UK), CA Technologies (US), ZeroFOX (US), RiskIQ (US), SolarWinds (US), Digital Shadows (US), Proofpoint (US), LookingGlass Cyber Solutions (US), KnowBe4 (US), Hootsuite (Canada), Centrify (US), Social Hub (Europe), Brandle (US), DigitalStakeout (US), Bowline Security (US), Social Sentinel (US), SecureMySocial (US), Hueya (US), CSC (US), CoNetrix (US), Crisp Thinking (UK), and CrowdControlHQ (UK).

Market Segmentation:

Security types type Outlook (Revenue, USD Million; 2018–2028)

Web security
Application security
Endpoint security
Network security
Cloud security

Organization size (Revenue, USD Million; 2018–2028)

Large Enterprises
Small and Medium-Sized Enterprises

Industry vertical Outlook (Revenue, USD; 2019-2027)

Banking, Financial Services, and Insurance (BFSI)
Government and defense
Healthcare and life sciences
Retail
Travel and hospitality
Manufacturing
Telecom and IT
Media and entertainment
Education
Others (automotive, and energy and utilities)

Regional Outlook

North America
Europe
Asia-Pacific
South America
Middle East & Africa

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