Global Next-generation Security Solutions Market 2018-2022
About Next-generation Security Solutions
The next generation security solutions market is highly fragmented. The vendors in the next generation endpoint security market are classified as category-focused, diversified, industry-focused, and pureplay. Category-focused vendors are increasingly focusing on providing their services, solutions and products to the end-users in the IT security segment. Diversified vendors of the next generation endpoint security market are offering their products and services to various business verticals and industries. Based on deployment and analysis the market can be segmented into On-premises and cloud based. The popularity of on-premises next-generation security solutions is increasing since they offer advanced security by shielding an organization’s internal PCs from the online world. With the rising focus of SMEs in the banking, financial services, and insurance (BFSI) on security over cost-effectiveness, the preference for on-premises next-generation security will increase in the comiung years.
Technavio’s analysts forecast the global next-generation security solutions market to grow at a CAGR of 12.17% during the period 2018-2022.
Covered in this report
The report covers the present scenario and the growth prospects of the global next-generation security solutions market for 2018-2022. To calculate the market size, the report considers the revenue generated from the sales of next-generation security solutions.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Next-generation Security Solutions Market 2018-2022
Technavio recognizes the following companies as the key players in the global next-generation security solutions market: Cisco Systems, CheckPoint Software Technologies, Symantec, and Palo Alto Networks
Other Prominent Vendors in the market are: McAfee, Juniper Networks, Fortinet, Sophos, HPE, SecureLink, Citrix Systems, Kaspersky Lab, WatchGuard Technologies, Dell, Huawei Technologies, F-Secure, Voyager Networks, Barracuda Networks, IBM, Microsoft, CA Technologies, Trend Micro, FireEye, and RSA Security.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is adoption of IoT. Internet of Things (IoT) is an interaction between devices, and it allows the exchange of large volumes of data stored on the cloud. This data, however, needs to be organized to simplify data analysis and presentation. IoT enables better connectivity and resolves all critical solutions. The technology is expected to be integrated with advanced features, enabling improved functionalities.”
According to the report, one of the major drivers for this market is rising trend for IT consolidation and modernization. Numerous organizations are focusing on achieving economies of scale and improve the operational efficiency through consolidation of IT infrastructures such as data centers and networking systems. This drives the implementation of advanced IT service delivery models such as managed and shared IT services. The adoption of IT services is high due to the rising demand for IT modernizations in various industries such as the telecom and healthcare sectors. The preference for IT solutions such as cloud computing and analytics is also increasing due to the changing business dynamics. The growth in IT consolidation is resulting in an increased data vulnerability. This in turn, will boost the need for next-generation security solutions including the internet security software.
Cisco Systems, CheckPoint Software Technologies, Symantec, Palo Alto Networks, McAfee, Juniper Networks, Fortinet, Sophos, HPE, SecureLink, Citrix Systems, Kaspersky Lab, WatchGuard Technologies, Dell, Huawei Technologies, F-Secure, Voyager Networks, Barracuda Networks, IBM, Microsoft, CA Technologies, Trend Micro, FireEye, and RSA Security.
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