Market Highlights
According to Market Research Future (MRFR), the security software in telecom market is poised to create a valuation of approximately USD 15.45 BN by 2030, registering 11.42% CAGR throughout the assessment period (2020 – 2030). Growing threats of cyber-attacks on telecom networks and cloud data create substantial market demand. Also, there is a significant rise in cloud services and confidential data stored on cloud storage of an organization.
The threat of getting several sectors exposed and putting the national economic growth under the risk of exposure have tipped a lot of industries into incorporating the security software in telecom system into their procedure. The security software in telecom market in the coming years is expected to gain substantial foothold. Although internet has made the entire system much more simplified, but it has also left industries unguarded. This has spurred the intake of security software in telecom. But the system is facing strong challenge from alternative but cheaper methods.
Get a Free Sample @ https://www.marketresearchfuture.com/sample_request/6961
Segmentation:
The global security software in telecom market has been analyzed by MRFR. Their attempt led to segmentation of the market that includes deployment type and application.
Based on the deployment type, the security software in telecom market comprises cloud and on-premise. The on-premise segment topped the list with a valuation of USD 1,745.3 million in 2017 and can surge up to USD 4,610.8 million by 2025 at 13.1% CAGR over the review period. However, the cloud segment is gaining good grounds and can achieve 14.7% CAGR during the forecast period to reach an expected valuation of USD 4.313 million by 2025.
Based on the application, the security software in telecom market comprises small & medium enterprises (SMEs), large enterprises, and government organizations. The large enterprises segment had better market worth of USD 1,321.1 million in 2017. The government organizations segment has a prediction of achieving USD 3,553.4 million by 2025. However, SMEs are deemed to gain better CAGR of 15.3% over the review period.
Regional Analysis:
North America dominates the global security software in telecom market. The largest market share attributes to the increase in deployment of IoT and the availability of internet-enabled solutions and cloud services. The augmenting demand due to rising numbers of telecom networks and infrastructures in the region drives market growth, offering a favorable platform for cloud security.
Moreover, vast advances in security technologies and the spurring rise in telecom industries substantiate the regional market growth, creating a substantial demand for security solutions. The US and Canada stimulate the demand for security software, experiencing high cyberattacks in the telecom sector.
Europe stands second in the global security software in telecom market. The market growth is driven by the rapidly developing telecom networks in the region. Additionally, growing industries in the region create substantial market demand and advances in security solutions and cloud technology.
Furthermore, faster implementation of advanced technologies and the well-established infrastructure in the region push the market growth, posing cybersecurity challenges. Simultaneously, increasing numbers of cyber-attacks in the telecom industry propel the development of the market.
The security software in telecom market in the Asia Pacific region is growing briskly. Factors such as the rapid digitization coupled with the advancements in IoT and cloud computing technologies in this region. Furthermore, increasing numbers of cyber-attacks in the telecom sector in the region substantiate market growth. Similarly, stringent government regulations to control increasing cyber-attacks on mobile networks create huge market demand.
Competitive Dashboard:
Several companies in the security software in telecom market are providing ample thrust to the market to simplify growth process. These companies are relying mostly on their strategic moves that include merger, acquisition, product launch, innovation, and others. These companies are McAfee (the U.S.), IBM (the U.S.), Symantec (the U.S.), Trend Micro Inc. (Japan), Dell EMC (the U.S.), AVG Technologies (the Netherlands), Fortinet (the U.S.), Imperva (the U.S.), Check Point Software Technologies Ltd. (the U.S.), Cisco Systems Inc. (the U.S.), and F-Secure Corporation (Finland). MRFR enlisted them and profiled them for a better trend analysis.
In July 2019, the UK government announced that the toughening of the telecom laws is on their way. The setup would help in improving 5G setup in the country.
Browse Complete Report @ https://www.marketresearchfuture.com/reports/security-software-telecom-market-6961
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
Contact:
Market Research Future
+1 646 845 9312
Email: [email protected]
