Global Security Services Market 2015-2019
About Security Services
Security services focus on the security of key parameters such as data protection, compliance, architecture, email and web security, governance, data loss prevention, and identity and access. They provide features such as encryption, endpoint monitoring, identity and access management, intrusion detection, vulnerability scanning, and application and messaging security. They are gaining importance among large enterprises, government organizations, and SMEs because they provide protection to critical business information from unauthorized access and data theft. In addition, they protect computer systems from malware, worms, and other sophisticated threats.
Technavio's analysts forecast the global security services market to grow at a CAGR of 10.13% over the period 2014-2019.
Covered in this Report
In this report, Technavio covers the present scenario and growth prospects of the global security services market for the period 2015-2019. To calculate the market size, we considered revenue generated from the sales of the following components:
Technavio Announces the Publication of its Research Report – Global Security Services Market 2015-2019
Technavio recognizes the following companies as the key players in Global Security Services Market 2015-2019: CA Technologies, Deloitte Touche Tohmatsu, Emc², IBM, PwC and Symantec
Other Prominent Vendors in the market are: Accenture, Barracuda Networks, BT Global Services, Check Point Software Technologies, Cisco Systems, Dell, Fortinet, Lockheed Martin, McAfee, Northrop Grumman, Palo Alto Networks and Webroot Microsoft
Commenting on the report, an analyst from Technavio’s team said: “One of the major trends witnessed in the market is the increasing demand for cloud-based security. The demand for cloud-based security is increasing in the global security services market primarily because of the significant advantages attributed to such solutions. Also, companies are finding it difficult to manage standalone or integrated network components because of issues such as budget constraints and the lack of resources and expertise to address security issues. Therefore, companies are increasingly opting for cloud-based IT security, which is cost-effective, compliant with PCI DSS, and offers round-the-clock monitoring of the system. Thus, the increasing demand for cloud-based security is expected to contribute to the growth of the global security services market during the forecast period.”
According to the report, the rise in Internet penetration has led to increased involvement in day-to-day activities and critical operations on the Internet such as posting personal information, social networking, and transactions. In addition, companies offer cost-effective storage services on the cloud, which stores critical information on the web. Also, banks and payment card companies are encouraging customers to make online transactions using the Internet. Though online methods have benefits compared with traditional methods, they come with high security risks. Instances of data theft and phishing are on the rise, and new forms of attack are emerging. Therefore, end-users are adopting security services to protect their data.
Further, the report states that the market faces certain challenges such as the availability of inexpensive and free security solutions.
CA Technologies, Deloitte Touche Tohmatsu, Emc², IBM, PwC, Symantec, Accenture, Barracuda Networks, BT Global Services, Check Point Software Technologies, Cisco Systems, Dell, Fortinet, Lockheed Martin, McAfee, Northrop Grumman, Palo Alto Networks, Webroot Microsoft
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