Internet Security Market: Demand Analysis and Growth Forecast
As latest research report from IndustrARC projects titled “Internet Security Market: By Types and solutions; By Technology; By Securities; By Applications; By Functional area; By Trends & By Geography – Forecast (2019-2025)”, the global market size was estimated to be $140 to $150 billion as of 2018, with a CAGR of 8%. The market is to gain tremendous revenue due to ubiquitous connectivity stride and legislation enforcement by governments and organizations as a response to a huge chunk of the world economy. Internet security solutions protect various operations whether in business or in the government sector and also it prevent possible damage and losses.
According to the World Economic Forum, cybersecurity attacks against businesses have almost doubled in five years, considering the ransomware virus attack in 2017 accounted for 64% of all malicious emails. In order to avoid such threats, the IT companies are helping their organizations to securely use technologies to become to protect their data and drive growth for the business. European Union enforced the General Data Protection Regulation in May 2018, to manage and protect their data, is driving a continuous growth in the security service market. In many emerging economies, such as China, India, Indonesia, Pakistan and Mexico, the largest proportion of internet users consider trust in the internet which has succor demand augmentation in the internet security market with the help of intrusion detection systems and Trojan horses to avoid phishing.
Browse 61 Market Tables, 176 Figures spread through 163 slides and an in-depth TOC “Internet Security Market (2019 - 2025)”
Internet Security Market: Leading Segment
Internet Security protects every treasure in the PC, laptops, and mobiles. The North American governments have taken an initiative to improve internet security for critical infrastructure and are the biggest spender and funder of cybersecurity globally. Due to which North American market is blooming with a regional market share of nearly 40%. Considering telecommunication sector, the security breaches can be particularly damaging for the service providers, so the companies are using core internet security for their business that further flourishing the internet security market. The estimated application CAGR is of 10% through to 2025.
Internet Security Market: Market Trends
- Online retail thickening is the main driver for growth in North American retailing as the internet search is easy and predictable that has made online retailing attractive. According to Centre for Retail Research, RetailMeNot is a contributing trend within the retail sector, the North American market grew to $529.76 billion in 2018 and is still growing rapidly, so has the e-commerce giants have strengthened their cybersecurity to reduce risk.
- General Data Protection Regulation 2018, is an ingenuity towards safeguarding the data of the European citizen. The European government articulated certain rights that have significantly strengthen them. The world’s largest companies have updated their official websites to comply with GDPR. For example, Facebook launched a range of tools to put people in more control over their privacy, by unifying access to your information option. Due to the new regulations, the company has forced their every user to agree to the new terms and conditions of services that involves facial recognition technology.
- Capriciously, it also serves to strengthen the dominant players. For a startup it may be difficult to persuade consent but if the major giants like Facebook and Apple can offer the take it or leave it deal, it could rapidly gain consent from millions of users.
Internet Security Market: Competitive Landscape
Some of the key companies identified in the report that are currently holding majority shares in the global internet security market are NTT Com Security, NGC Group, Secure Link, Cisco, Symantec, Palo Alto Networks, Checkpoint, Microsoft, McAfee and Dell.
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Cyber Security Market: By Type (Cybersecurity software, Cybersecurity hardware, others); By Domain(Network & Endpoint Security, Internet of Things/Industrial Internet of Things Security, Threat Intelligence, Mobile Security, Behavioral Detection, Cloud Security, Deception Security and Others); By Technologies (Context Aware Behavioral Analytics, Next Generation Breach Detection, Virtual Dispersive Networking (VDN) ,others ) By Industry Vertical (Aerospace, Government, Financial Services, Healthcare, Telecommunications, Automobile, Information Technology sector and others), By Geography - Forecast (2018-2022)
Cyber Security Market In Government: By Type (Cybersecurity software, Cybersecurity hardware, others); By Domain(Network & Endpoint Security, Internet of Things/Industrial Internet of Things Security, Threat Intelligence, Mobile Security, Behavioral Detection, Cloud Security, Deception Security and Others); By Technologies (Context Aware Behavioral Analytics, Next Generation Breach Detection, Virtual Dispersive Networking (VDN) ,others ) By Industry Vertical (Aerospace, Government, Financial Services, Healthcare, Telecommunications, Automobile, Information Technology sector and others), By Geography - Forecast(2018-2023)
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