Growth of Cloud-based Security Services Boosting Growth in the Global Anti-Virus Software Package Market: Technavio Report

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  • The key vendors in the Global Anti-Virus Software Package Market 2014-2018 are Avast Software s.r.o., Anti-Virus Guard Technologies (AVG) and ESET spol. s.r.o.

London, 30 September 2014: TechNavio, an independent tech-focused global research firm, announced today the publication of its market research report on the Global Anti-Virus Software Package Market 2014-2018.   One major trend emerging in the market is the growth of cloud-based security services as they are easier to manage, less time-consuming and, most importantly, cost-effective. They are more effective than premise-based security services. The market is expected to witness a CAGR of 10.88 percent during the period 2013-2018.

With the increased usage of social media and online transactions, it is very important for end-users to feel secure when using the internet. This security and protection is assured by antivirus software that detects viruses and protects the computer system from all kinds of malware threats. Increased use of the internet encourages end-users to install and update antivirus software to avoid data loss and provide security.

“Cloud-based security services do not require any hardware or software and are controlled remotely, making them cost-effective for end-users,” says Faisal Ghaus, Vice President of TechNavio Research.

To define the market conditions 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. 

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