Dublin, Oct. 10, 2024 (GLOBE NEWSWIRE) -- The "Social Media Security - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
The global market for Social Media Security was estimated at US$1.4 Billion in 2023 and is projected to reach US$3.1 Billion by 2030, growing at a CAGR of 11.7% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.
With the advent of remote work and Bring Your Own Device (BYOD) policies, securing social media channels has become even more challenging and vital. Businesses are increasingly adopting social media security solutions to protect their digital assets, safeguard customer data, and maintain brand reputation. The growing awareness of these risks and the need for proactive measures are driving demand for advanced social media security tools across various industries.
Market Segments Contributing to the Growth of the Social Media Security Industry
- Components include software and services, with software solutions such as social media monitoring, risk management, and threat detection tools holding the largest share.
- Deployment modes are divided into cloud-based and on-premise solutions, with cloud-based solutions gaining popularity due to their ease of implementation and lower total cost of ownership.
- Organization size is categorized into small and medium-sized enterprises (SMEs) and large enterprises, with large enterprises accounting for a significant share due to their higher risk exposure and need for comprehensive security solutions.
- End-use industries include BFSI (Banking, Financial Services, and Insurance), healthcare, retail, IT and telecommunications, media and entertainment, and government.
- Geographically, North America dominates the market due to stringent data protection regulations and high adoption of social media platforms, while Asia-Pacific is expected to witness rapid growth driven by digitalization and increasing cyber threats.
Key Drivers of Growth in the Social Media Security Market
The growth in the social media security market is driven by several factors, including the rising incidence of cyber threats, increasing use of social media for business purposes, and advancements in AI and ML technologies. The need to protect sensitive customer and corporate data from breaches, account takeovers, and phishing attacks is driving the demand for robust social media security solutions.
The growing trend of remote work and BYOD policies is further expanding the attack surface, making social media security a top priority for organizations. The integration of AI-driven threat detection, multi-factor authentication, and endpoint security solutions is enhancing the effectiveness of social media security tools, supporting market growth.
Additionally, regulatory requirements for data protection and compliance, coupled with the need for brand reputation management, are creating new opportunities for the adoption of advanced social media security solutions.
Key Insights:
- Market Growth: Understand the significant growth trajectory of the Monitoring Solution segment, which is expected to reach US$1.2 Billion by 2030 with a CAGR of a 11.8%. The Threat Intelligence Solution segment is also set to grow at 13.0% CAGR over the analysis period.
- Regional Analysis: Gain insights into the U.S. market, which was valued at $387.5 Million in 2023, and China, forecasted to grow at an impressive 10.7% CAGR to reach $472.0 Million by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
- In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
- Company Profiles: Coverage of major players such as Bowline Security, Brandle Inc., CA Technologies, and more.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
Key Questions Answered:
- How is the Global Social Media Security Market expected to evolve by 2030?
- What are the main drivers and restraints affecting the market?
- Which market segments will grow the most over the forecast period?
- How will market shares for different regions and segments change by 2030?
- Who are the leading players in the market, and what are their prospects?
Select Competitors:
- Bowline Security
- Brandle Inc.
- CA Technologies
- Centrify Corporation
- Conetrix
- Corporation Service Company
- Crisp Thinking Group Ltd.
- CrowdControlHQ
- Digital Shadows
- DigitalStakeout Inc.
- Hootsuite Inc.
- Hueya, Inc.
- KnowBe4, Inc.
- LookingGlass Cyber Solutions, Inc.
- maloon GmbH (Socialhub)
- Micro Focus International PLC
- Proofpoint, Inc.
- Riskiq
- SecureMySocial, L.L.C.
- Social Sentinel, Inc.
- SolarWinds Worldwide LLC
- Sophos Ltd.
- Symantec Corporation
- Trend Micro, Inc.
- ZeroFOX, Inc.
Key Attributes
Report Attribute | Details |
No. of Pages | 179 |
Forecast Period | 2023-2030 |
Estimated Market Value (USD) in 2023 | $1.4 Billion |
Forecasted Market Value (USD) by 2030 | $3.1 Billion |
Compound Annual Growth Rate | 11.7% |
Regions Covered | Global |
MARKET OVERVIEW
- Influencer Market Insights
- World Market Trajectories
- Global Economic Update
- Social Media Security - Global Key Competitors Percentage Market Share in 2024 (E)
- Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2024 (E)
MARKET TRENDS & DRIVERS
- Rising Concerns Over Data Privacy and Cybersecurity Threats Drive Adoption of Social Media Security Solutions
- Increasing Use of Social Media for Business Purposes Expands Addressable Market for Security Solutions
- Integration of AI and Machine Learning in Threat Detection and Response Strengthens Market Potential
- Growth of Remote Work and BYOD Policies Spurs Demand for Social Media Security Solutions
- Focus on Protecting Brand Reputation and Preventing Account Hijacking Drives Market Adoption
- Emergence of Advanced Social Engineering Attacks Throws Spotlight on Need for Enhanced Security
- Increasing Use of Social Media Analytics for Threat Intelligence Fuels Market Innovation
- Rising Regulatory Requirements for Data Protection and Compliance Propel Market Growth
- Growth in Adoption of Cloud-Based Social Media Security Solutions Expands Market Reach
- Rising Number of High-Profile Social Media Hacks Drives Demand for Robust Security Solutions
- Focus on Educating Employees and Users About Social Media Security Best Practices Generates Market Awareness
For more information about this report visit https://www.researchandmarkets.com/r/e9b1d9
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