Social Media Security Market is estimated to grow at 14.22% CAGR by Forecast 2032

MRFR Press Release/- Market Research Future published a half-cooked research report on Social Media Security Market.

Market Highlights

The Global Social Media Security Market is expected to reach USD 4.31 billion by 2032, growing at a CAGR of 14.22% during the forecast period 2024-2032.

A study by Calyptix Security, a network security provider for SMEs, on August 2017, showed that the social media threats are rising, the number of fake accounts is increasing and has grown to 300% referred from Q1 to Q2 according to the quarterly report from Proofpoint. Furthermore, in March 2017, a phishing attack on twitter targeted almost 10,000 employees of the US Department of Defence according to the time magazine. According to RSA Conference held at San Francisco in 2014, the top audience impacted from social media attacks are employees, customers, mobile, competitors, hacking, location and brandjacking. Adoption of social media security solutions offers firewall protection, real-time monitoring, and analysis which help in minimizing the time required for detecting and mitigating potential threats to the enterprise.

Key players

The prominent players in the market of AI in marketing are Symantec Corporation (US), Trend Micro Inc. (Japan), SolarWinds Worldwide, LLC (US), RiskIQ (US), Proofpoint (US), ZeroFOX. (US), Broadcom (CA Technologies) (US), Sophos Ltd (UK), Centrify Corporation (US) and Micro Focus (UK).

Other players include Social Sentinel, Inc. (US), Digital Shadows Ltd (US), Hootsuite Inc. (Canada), LookingGlass Cyber Solutions, Inc. (US), and Centrify Corporation (US), among others.

Regional Analysis

The global market for social media security is estimated to grow at a significant rate during the forecast period from 2018 to 2023. The geographical analysis of social media security market is studied for North America, Europe, Asia-Pacific, and the rest of the world.

North America is expected to emerge as the leading region for social media security during the forecast period on the grounds of increasing adoption of social media platforms in enterprises which helps to stay connected and serves as an additional advertising and marketing platform. Also, majority of key players from well-established economies spending huge amount in developing security solutions and emerging BYOD trend among the enterprises are the reasons fueling the growth of market.

Furthermore,. Asia-Pacific is expected to grow at a significant pace due to government initiatives supporting SMEs which rely on social media platforms to boost the business. Also, the region is the largest market for ecommerce industry. The e-commerce industry generally uses social media platforms to boost sales this helps the social media security market to grow with a highest CAGR in the region.

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