London, 13 April 2015: Technavio, the independent tech-focused global research firm, has published a report on the IT Security Market in China 2015-2019, which is expected to grow at a CAGR of 11.39 percent during the forecast period of 2014-2019.
The adoption of IT security products among enterprises in China is high, and the introduction of cloud-based security solutions is expected to drive the market to adopt these cost-effective solutions. Also, the augmented usage of mobile devices for personal and professional purposes is contributing to the market growth.
“Network security solutions ensure improved operational efficiency besides fulfilling the security requirements of an organization,” says Faisal Ghaus, Vice President of TechNavio.
“Network security helps organizations streamline their business processes, ensuring that they have a competitive edge in the market. It also helps small and medium enterprises safeguard their sensitive information against cyber-attacks.”
Key Market Drivers
- High Dependence on Internet
- Increase in Advanced Threats
- Need for Operational Efficiency
- Need to Comply with Regulations
Key Market Trends
- Rise in Demand for Cloud-based Security Solutions
- Increased Adoption by SMEs
- Increase in M&A
- Increase in Mobile Workforce
Key Market Vendors
- CA Technologies Inc.
- Check Point Software Technologies Ltd.
- Cisco Systems Inc.
- Emc² Corp.
- IBM Corp.
- Juniper Networks Inc.
- Symantec Corp.
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.
If you are interested in more information on this topic and our upcoming research on the IT Security Market in China 2015-2019; please send an e-mail to media@TechNavio.com.
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