London, 04 March 2015: TechNavio, the independent tech-focused global research firm, has published a report on the Global Security Software Market 2015-2019, which is expected to grow at a CAGR of 11.11 percent during the period 2014-2019.
Currently, the market is witnessing high adoption rates of security software solutions. SMEs, large organizations, and government organizations adopt these solutions to improve their business operations and productivity. In the current scenario, organizations are highly vulnerable to security threats related to user identities and data theft
“There is an increased adoption of SaaS-based security solution by various industries, including small businesses. The Global SaaS-based Security Solutions market is expected to witness growth of over 20 percent,” says Faisal Ghaus, Vice President of TechNavio.
“SaaS-based security solutions provide other advantages such as ease of installation and upgrading. Witnessing the demand for these solutions, all major vendors such as McAfee and Symantec are providing SaaS-based security solutions.”
Key Market Drivers
- Increased Use of Mobile Devices
- Growing Dependency on Internet
- Increase in Regulatory Compliance Requirements
- Increased Demand from BFSI Sector
Key Market Trends
- Increased Demand for Integrated Security Suites
- Growing Adoption of SaaS-based Security Solutions
- Increased Demand from SMEs
- Increase in M&A
Key Market Vendors
- Emc² Corp.
- IBM Corp.
- 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%…
