|[January 17, 2014]
Research and Markets: Global IT Security Spending Market Forecast & Opportunities, 2016
DUBLIN --(Business Wire)--
Research and Markets (http://www.researchandmarkets.com/research/tbv67d/global_it)
has announced the addition of the "Global
IT Security Spending Market Forecast & Opportunities, 2016"
report to their offering.
One of the major drivers is the need to improve the quality of
protection. As the frequency of attacks is increasing, organizations are
increasingly implementing IT security solutions that efficiently monitor
and provide enhanced protection.
Commenting on the report, an analyst from the team said: One of the
major trends witnessed in the market is the increasing demand for
cloud-based security solutions. The demand for cloud-based security
solutions is increasing in the Global IT Security Spending market,
primarily because of the significant advantages attributed to such
solutions. Moreover, companies are finding it difficult to manage
standalone or integrated network components because of issues such as
budget constraints, and lack of resources and expertise to address
security issues. Hence, companies are increasingly opting for
cloud-based IT security solutions, which are cost-effective, compliant
with PCI (News - Alert) DSS, and offer round-the-clock monitoring of the system.
Therefore, the increasing demand for cloud-based solutions is expected
to contribute to the growth of the Global IT Security Spending market
during the forecast period.
The quality of protection can also be enhanced by outsourcing security
responsibilities to service providers that have core expertise in this
field. Hence, more end-users are adopting IT security services, a trend
which is supporting the growth of the Global IT Security Spending market.
Further, the report states that one of the major challenges faced by the
vendors in the market is the high cost of implementation. Despite the
potential benefits provided by IT solutions, certain organizations
refrain from investing in such solutions owing to the high costs
associated with them. In addition, there are certain hidden costs
involved in the maintenance of such solutions. Factors like these
discourage end-users from adopting these solutions, thereby affecting
the growth of the Global IT Security Spending market.
The key vendors dominating this market space are:
Check Point Software Technologies Ltd.
Cisco Systems (News - Alert) Inc.
Juniper Networks Inc.
Palo Alto Networks Inc.
Symantec (News - Alert) Inc.
Trend Micro Inc.
Key Topics Covered:
01. Executive Summary
02. Scope of the Report
03. Market Research Methodology
04. List of Abbreviations
06. Market Description
07. Market Landscape
08. Geographical Segmentation
09. Buying Criteria
10. Market Growth Drivers
11. Drivers and their Impact
12. Market Challenges
13. Impact of Drivers and Challenges
14. Market Trends
15. Trends and their Impact
16. Vendor Landscape
17. Key Vendor Analysis
For more information visit http://www.researchandmarkets.com/research/tbv67d/global_it
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