London, 12 May 2015: Technavio, the independent tech-focused global research firm, has published a report on the global enterprise IT security market 2015-2019, which is expected to grow at a CAGR of 7.83% during the forecast period of 2014-2019.
“The need to protect networks from advanced cyber threats has led to the adoption of multiple IT security solutions worldwide such as cyber security, web security, email security, DLP, endpoint security, content security, and network security solutions,” says Faisal Ghaus, Vice President of Technavio.
“The market for converged security solutions such as UTM and next-generation firewalls is growing rapidly, which will support the growth of the global enterprise IT security market.”
Key Market Drivers
- Increased Use of Mobile Devices
- Growing Dependency on Internet
- Demand for Operational Efficiency
- Need for Advanced Security in BFSI Sector
- Increase in Regulatory Compliance Requirements
Key Market Trends
- Popularity of SaaS-based Security Solutions
- Convergence of Technologies
- Emergence of IDaaS
- Increase in M&A
- Increase in Number of DDoS Attacks
Key Market Vendors
- Cisco Systems Inc.
- Kaspersky Lab ZAO
- McAfee Inc.
- Symantec Corp.
- Trend Micro Inc.
To define the market circumstances in the next 3-4 years, Technavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
https://www.technavio.com/%3Cp%3EIf%20you%20are%20interested%20in%20more%…
