With rising industry convergence and the need to reduce complexity and cost of operation, businesses are increasingly considering cloud-based Secure Content Management (SCM) services in addition to other security platforms.
The overall investments in on-premise SCM solutions increased by 8.1% year-on-year (YoY) in 2018, driven by the web security segment, which registered a growth rate of 11.2%. The e-mail security segment registered a flat growth rate of 3.8%. Overall, the $916.6 million market is expected to grow to US$1.45 billion by 2023.
“With companies increasingly using public cloud e-mail services such as Office 365 and Gmail, there is a huge market for cloud e-mail security services due to their benefits of payment and deployment flexibility and reduced operation and maintenance costs,” said Vivien Pua, Research Analyst, Cybersecurity, ICT Practice.
“Businesses are rapidly adopting the SCM-as-a-service model over on-premise SCM solutions; however, this will eat into the shares of the legacy SCM solutions market in the long term.”
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