Global Internet Security Market 2017-2021
About Internet Security
Internet security solutions enable organizations to monitor, detect, report, and counter cyber threats to maintain data confidentiality. The IT systems have become vulnerable to cyber-attacks with the increasing use of wireless networks for mobile devices such as smartphones, tablets, and laptops. The adoption of cloud-based services and the emergence of IoT have also made IT systems vulnerable to Cyber-attacks.
Technavio’s analysts forecast the global internet security market to grow at a CAGR of 8.70% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global internet security market for 2017-2021. To calculate the market size, the report considers revenue generated from the sale of cybersecurity solutions.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Internet Security Market 2017-2021
Technavio recognizes the following companies as the key players in the global internet security market: Hewlett Packard Enterprise Development, IBM, Intel, and Symantec.
Other Prominent Vendors in the market are: AlienVault, BlackStratus, Check Point Software Technologies, Cisco, Cyren, Fortinet, F-Secure, Gemalto, Kaspersky Lab, Microsoft, Palo Alto Networks, RSA (Dell Technologies), Sophos, Trend Micro, Trustwave Holdings, and Wurldtech Security Technologies (A GE company).
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is convergence of technologies. The need to protect networks from advanced cyber threats has led companies around the world to adopt multiple security solutions such as messaging (SMS/ MMS) security, web security, e-mail security, data loss prevention, endpoint security, and network security solutions.”
According to the report, one driver in the market is growing need for secure and compliant cloud solutions. Performing online operations in sectors including medical, retail, and finance, which have strict security standards requires a secure and compliant cloud solution. IoT includes technologies such as radio frequency identification (RFID), barcodes, sensors, and GPS. These technologies are mainly used to monitor and manage the remote physical assets in an organization.
Further, the report states that one challenge in the market is high cost of deployment. The cost of deploying a robust Internet security system will depend upon the cost of product licensing as well as the degree of customization required based upon the specialty of the end-user and product maintenance. Employee training on best practices and ethical compliance has become very important over the years to avoid any untoward incidents that can seem relatively harmless.
Hewlett Packard Enterprise Development, IBM, Intel, Symantec, AlienVault, BlackStratus, Check Point Software Technologies, Cisco, Cyren, Fortinet, F-Secure, Gemalto, Kaspersky Lab, Microsoft, Palo Alto Networks, RSA (Dell Technologies), Sophos, Trend Micro, Trustwave Holdings, and Wurldtech Security Technologies (A GE company).
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