TMCnet News
World Internet Security Market is Estimated to Reach $46.5 Billion By 2021PORTLAND, Oregon, February 4, 2016 /PRNewswire/ -- According to a new report by Allied Market Research titled, "World Internet Security Market Opportunities, Growth, and Forecast, 2014-2021", the world Internet security market is expected to garner $46.5 billion by 2021, registering a CAGR of 8.4% from 2016 to 2021. The market is driven by the huge demand for Internet security software solutions due to the increasing number of cyber-attacks and the adoption of cloud-based Internet security systems. (Logo: http://photos.prnewswire.com/prnh/20140911/647229 ) To know more about the report, visit the website at https://www.alliedmarketresearch.com/world-internet-security-market Increasing use of Internet-based applications across various sectors, such as education, government, retail, IT & telecommunications, BFSI and others, make them prone to virus and spam attacks. According to McAfee, in 2014, cybercrimes, such as unethical hacking, botnets, distributed denial of services (DDoS), malware, spyware, spams, viruses, and other threats, caused a loss of $400 billion, worldwide. Increasing incidence of security threats is one of the major factors fueling the growth of the Internet security market. The world Internet security market is segmented into product & services, technology, application, and geography. Based on product & services, the market is segmented into software, hardware, and services. In 2015, the software security solutions segment accounted for around 74.8% of the overall revenue, owing to the widespread adoption of these software solutions among individual & corporate users. However, industry leaders, such as Intel, HP, and Symantec, have heavily invested to develop cloud-based security solutions. Therefore, services segment is expected to grow at the highest CAGR of 23.6% during the forecast peiod. Based on technology, the report segments the market into authentication, access control technology, content filtering technology, and cryptography (encryption) technology. Authentication technology segment dominated the market in 2015, accounting for more than 40% market share. Authentication technologies are used in single sign-on like password-based logins as well as complex systems, such as tokens, public-key certificates, and even biometrics. Based on applications, the market is segmented into BFSI, retail, IT & telecommunications, government, manufacturing, education, aerospace, defense & intelligence, and others. In 2015, BFSI was the highest revenue-generating segment in terms of revenue. The education sector is expected to grow rapidly, registering a CAGR of 14.3% during the forecast period. Key findings of the study:
Favorable regulations & policies along with proactive e-commerce & e-governance initiatives have fostered the growth of the world Internet security market. Market players have adopted product launch, partnership, and acquisitions as their key strategies to improve their market foothold and enhance their product portfolio. The prominent companies profiled in this report include Symantec Corporation, Intel Corporation, Hewlett Packard (HP) Company, Cisco Systems Inc., IBM Corporation, Microsoft Corporation, Kaspersky Labs, and Dell Inc. Similar Reports Published by Allied Market Research - World Mobile User Authentication Market - https://www.alliedmarketresearch.com/mobile-user-authentication-market World Electronics Access Control System Market - https://www.alliedmarketresearch.com/electronics-access-control-system-market About Us: Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions". AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry. Contact: SOURCE Allied Market Research 
|