London, 13 April 2015: Technavio, the independent tech-focused global research firm, has published a report on the Global Enterprise Cyber Security Market 2015-2019, which is expected to grow at a CAGR of 11.84% during the forecast period of 2014-2019.
There is a necessity for organizations to securely manage and track the activities of users to minimize the risk of breaches and ensure accountability. With the popularity of social media, cloud computing, and mobile devices it has become easy for attackers to steal information from users. Some vendors have started delivering cyber security solutions for cloud, mobile, and social applications.
“Enterprises opt for cloud-based security solutions that are cost-effective and compatible with Payment Card Industry Data Security Standard regulations and offer round-the-clock monitoring of systems,” says Faisal Ghaus, Vice President of TechNavio.
“Enterprises find it difficult to manage stand-alone or integrated network components because of issues such as budget constraints and the lack of resources and expertise.”
Key Market Drivers
- Increased use of mobile devices
- Need for advanced data security solutions
- Rise in network security threats
- Advanced threats
Key Market Trends
- Increased adoption of cloud-based cyber security solutions
- Convergence of technologies
- Increase in DDoS attacks
- Increased market consolidation
Key Market Vendors
- Cisco Systems Inc.
- McAfee Inc.
- Symantec Corp.
- TrendMicro Inc.
- Websense 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.
If you are interested in more information on this topic and our upcoming research on the Global Enterprise Cyber Security Market 2015-2019; please send an e-mail to media@TechNavio.com.
Follow us on Twitter @ Technavio
Like us on Facebook
Follow us LinkedIn
Connect with us on Google+
