While personal cyber security is a huge industry in and of itself, enterprise-wide security takes it to a whole new level. So this week’s focus topic takes a gander at a few cyber security markets that are gaining a lot of traction in the business world.
The Global WLAN Security Market, the Global Content Security Gateway Market and the Global Security Analytics Market are all growing, due to the need for enterprises to protect personnel information as well as company data. TechNavio analysts have taken a look at the growing markets in this sphere, and have provided a quick and dirty overview of what is driving it.
Cyber Security Markets Breakdown
WLAN Security– CAGR of 22.47 percent from 2014-2018
A WLAN is a data communication system that requires no wired Ethernet connections. Since the signals from a WLAN network can be accessed by any device close enough to pick them up, a number of safety provisions are required to ensure that only approved users can gain access. WLANs have been adopted by more and more businesses either as an addition to existing wired infrastructure or as an alternative to it, due to their easy installation, the ease with which workstations can be added or moved, and the elimination of cables that need to be run through walls and ceilings. As wireless networks are extremely vulnerable to theft and data attacks, WLAN security is in high demand.
Content Security Gateway– CAGR of 4.3 percent from 2014-2018
Companies use content security gateways to monitor and protect internet, email and web access in the corporate environment. Most solutions defend against advanced attacks, malware, threats, and spam and provide basic protection to the network and devices by operating as anti-virus, anti-spyware, firewall, and intrusion prevention systems.
Security Analytics– CAGR of 10.61 percent from 2014-2018
Security analytics are security solutions that enable the detection and investigation of threats. The investigation is carried out through a process that involves collecting, managing, and analyzing the data. They also enable security monitoring, threat investigation, data archiving, and threat analyzing and reporting, thereby providing a much higher level of threat analysis compared to more commonly used security tools. Currently, security analytics solutions are primarily implemented in large enterprises and SMEs, but the flexible deployment options offered by these solutions are expected to boost their adoption over the next few years.
While these markets do differ, there are some common trends driving growth in all three markets at this point in time.
Increased Dependence on the Internet and Mobile Devices
Everything is done on the internet—most people have their banking and credit card information online, in addition to a plethora of other personal information. In terms of the corporate environment, companies have online HR management and benefits systems, and many organizations are now looking to the cloud for their corporate storage solutions.
And nowadays it’s often not enough to just be online, you have to be mobile as well. Workers are increasingly transmitting critical company information over personal mobile devices, meaning that enterprises need to be one step ahead in order to ensure that this information is protected both online and offline.
Expansion of Enterprise Network
Virtualization, cloud-based services and mobile services are all essential for increasing productivity, managing company resources and cutting costs, all of which offer huge benefits for businesses. But expanding network infrastructure increases the complexity of managing network security. Protecting data is now a full-time job, and organizations are looking to adopt third-party security solutions in order to manage security concerns and mitigate any threats.
Increased number and Complexity of Attacks
New, aggressive cyber threats are popping up more and more. Many of these threats are designed to target and bring down an entire infrastructure, a situation that any enterprise wants to avoid at all costs.
These trends are pushing growth in many areas of global cyber security, leading to a sunny outlook for related markets over the next four years.
For more insights, including market challenges, drivers and trends, view our Global WLAN Security Market 2014-2018, the Global Content Security Gateway Market 2014-2018 and the Global Security Analytics Market 2014-2018 reports.
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