About the IT security as a service market
The global IT security as a service market is growing steadily as cloud services remain the most promising market over the decade. Organizations can reduce risks by virtualizing applications and users, and integrating data leak protection functions into a secure cloud-hosted environment. This enables users to experience an improved traditional environment, while the data remain in on premise end-point. With growing adoption of bring-your-own-device (BYOD) and chose-your-own-device (CYOD) among organizations, the need for IT security as a service is growing rapidly. The rapid growth in the IT infrastructure of a business has given rise to new and sophisticated threats, such as Trojans, zero-day malwares, and advanced persistent threats, that can put organization's critical data at risk. Enterprises are increasingly adopting managed security services to secure their networks from growing security threats and provide their employees with secured access to confidential information.
Technavio’s analysts forecast the IT security as a service market to grow at a CAGR of 19.1% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the IT security as a service market for 2016-2020. To calculate the market size, Technavio considers the revenue generated from the total consumption of IT security as a service globally. The report does not include revenue generated from the aftermarket service of the product.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Rubber Processing Equipment Market 2016-2020
Technavio recognizes the following companies as the key players in the global rubber processing equipment market: Bosch Rexroth, Buzuluk, GRM, Kobe Steel, and Wuxi Double Elephant.
Other Prominent Vendors in the market are: AMCL Machinery, Anant Engineering Works, Barwell, Bharaj Machineries, Farrel Pomini, French, Harburg-Freudenberger, Hevea Engineering Works, JRD Rubber & Plastic Technology, Kelachandra Machines, L&T, Modern Machines, PELMAR Engineering, Perfect Machine Tools, Santec Group, Siemens, Slach Hydratecs Equipment, Troester, VMI Group, and Yizumi.
Commenting on the report, an analyst from Technavio’s team said: “A key trend which is boosting market growth is the introduction of several technological developments in the rubber processing industry. For efficient mixing of superior as well as low-quality rubber in an environment-friendly way, the rubber mixing system needs to be accurate and automatic. The recent technological developments in rubber processing will bolster the growth prospects for the rubber processing equipment market until the end of 2020.”
According to the report, a key growth driver is growing trend for rubber consumption in the US, especially in the country’s tire manufacturing industry. As per the Rubber Manufacturer's Association (RMA), the total shipment of tires in the US is predicted to be more than 315 million units by the end of 2016. The bolstering growth of the tire manufacturing industries in the US is primarily driven by factors like low fuel prices and steady economic development. With an increase in the original equipment tire shipments, the market for rubber processing equipment is anticipated to witness promising growth in the coming years.
Further, the report states that a major factor that could hamper market growth is strict regulations on polycyclic aromatic hydrocarbons (PAHs) in the rubber processing industry. These harmful PAHs reside in the formed carbon black layer. They adhere to the surface and are quite difficult to remove without proper intensive processing techniques. These hydrocarbons also prove harmful to the surface fluid in human lungs, and hence can prove to be fatal for workers operating the furnaces and equipment.
Blue Coat, Cisco, IBM, Intel Security (McAfee), Symantec, Alert Logic, Barracuda Networks, BT Global Services, CA Technologies, CenturyLink, CGI Group, CheckPoint Software Technologies, CipherCloud, Computer Sciences, CYREN, FishNet Security, Fortinet, HP, Microsoft, NTT Com Security, Panda Security, Proofpoint, Radware, Trend Micro, Trustwave, and Zscaler.
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.Download eBook