Uploaded on Apr 22, 2020
The Global Security Software In Telecom Market was valued USD 3,599.4 Million in 2018 and is expected to expand at ~11.9% CAGR to reach USD 8,923.5 Million in 2025
Security Software in Telecom Market Share
Market Highlights
The global security software in telecom market 2020 was valued at USD 3,599.4 Million in 2018 and
can touch a valuation of USD 8,923.5 Million by 2025, reveals Market Research Future (MRFR). The
market expansion can occur at a rate of 11.9% during the forecast period (2019 to 2025).
Growth Boosters and Key Restraints
The telecom industry provides a passage for data sharing via radio, wire, optical, or electromagnetic
waves. The service providers have successfully taken the industry to greater heights since realizing
its potential to impact the economy of a country. Sensing the opportunity, the providers came up
with the Internet-of-Things (IoT), which has simplified the entanglement brought on by the
previous system. With that said, the emergence of IoT has also led to a surge in cybercrimes. Data
breach is proving to be a significant concern for companies and is boosting the demand for security
software in telecom market.
Cyber-attacks have increased at an exponential pace in recent years, and this exacerbated situation
calls for advanced cybersecurity solutions. Increasing adoption of advanced technologies, mounting
need for network security, and surging internet penetration are collectively inducing the growth of
the security software in telecom market all across the globe.
MRFR experts project that the security software in telecom industry can note significant growth in
the next couple of years, with the increasing number of testing laboratories all over the world.
Keeping in mind the employee safety, a number of organizations are organizing tests in offices to
avoid any illegitimate activity and are increasingly making high demand for security software in
telecom market.
Security Software in Telecom Market Trends
Over the years, the cloud industry has noted exponential growth among technology-based
companies, including the telecom sector. The telecom industry has realized the advantages offered
by the cloud systems, where cloud services are now the backbone of various business operations.
The rising adoption of cloud services in the telecom industry is expected to favor the market
growth in the coming years.
Segmentation:
The global market for security software in telecom has been dissected with respect to deployment
type and application.
The deployment types evaluated in the report are cloud and on-premise. The on-premise segment
has taken the lead in the global market and had been valued at USD 1,745.3 million in 2017. The
segmental value can potentially go up to USD 4,610.8 million by 2025, and expand at a rate of
13.1% during the review timeframe. The cloud segment can achieve a faster growth rate of 14.7%
in the coming years and touch a valuation of USD 4.313 million by the end of the given timeline.
Application-based segments in the security software in telecom market are small & medium
enterprises (SMEs), government organizations as well as large enterprises. Large enterprises are
the leading segment and was worth USD 1,321.1 million in 2017, while the government
organizations segment can reach a valuation of USD 3,553.4 million by 2025. But, it is the SMEs
segment that can achieve the fastest growth rate of 15.3% in the years ahead.
Regional Analysis
The security software in telecom market share is all set to expand lucratively in the regions of
Europe, North America, Asia Pacific (APAC), along with the Rest-of-the-World (RoW).
North America is currently the leading market for security software in telecom and was estimated
at USD 1162.9 million in 2017. The infrastructural superiority, as well as the high concentration of
renowned companies, gives the region an edge in the global market. The North American market
can attain a valuation of USD 2886.7 million and expand at a rate of 12.2 % during the evaluation
period.
Europe, backed by high infrastructural development, gives tough competition to North America.
The regional market is on track to accrue a market valuation of close to USD 2706 million and
advance at a rate of 14.6% in the years to come. Moreover, the rising incidences of security
breaches, surge in managed security services, and technological advancements in cloud security
software are giving rise to lucrative opportunities for security software in telecom market in the
region.
The APAC market shows a lot of promise, with emerging countries like India and China exhibiting
maximum growth potential. The market in APAC can procure the fastest growth rate of 15.5%
during the review period to touch a valuation of USD 1651,7 million by 2025. Increasing rate of
digital connectivity and the rise in digital transformation have made the region quite vulnerable to
cyber exploitation, which boosts the need for security software in telecom.
Prominent Companies
Some of the prominent companies having major influence over the global market for security
software in telecom include IBM (U.S.), F-Secure Corporation (Finland), AVG Technologies (The
Netherlands), Fortinet (U.S.), Imperva (U.S.), Trend Micro Inc. (Japan), Cisco Systems Inc. (U.S.),
Symantec (U.S.), McAfee (U.S.), Dell EMC (U.S.), Check Point Software Technologies Ltd. (U.S.), and
others.
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