Rise in Information Security Breaches Drives the Global Market for Information Security Products and Services, According to New Report by Global Industry Analysts, Inc.
San Jose, California (PRWEB) August 08, 2014 -- Follow us on LinkedIn – The digital data centric environment in which modern businesses operate needs efficient data management processes. Of particular importance is the need to secure important data on a single platform to enable efficient management, monitoring and use of information. Rising awareness among enterprises both large and small over the importance of safeguarding integrated data repository is driving the popularity of information security solutions. With private and public companies maintaining huge digital repositories of business critical information and competitive intelligence, safeguarding it against attacks becomes high priority thus providing a strong business case for efficient information security solutions in organizations.
Driven by the need to ensure accurate alignment of business strategy and IT security, there exists strong demand for a wide range of security solutions such as antivirus, anti-phishing, data encryption, Distributed Denial of Service (DDoS) mitigation, security and vulnerability management, web filtering, and next generation firewalls. With companies opening up their corporate data centers and servers to external networks typically the Internet, demand for network security solutions including network security software and appliance based devices is growing significantly to protect key information assets from cyber attacks.
Expanding mobile workforce, rise of the Bring Your Own Device (BYOD) phenomenon, increasing use of cloud-based services, and Advanced Persistent Threats (APTs) also provide opportunities for growth in the cyber security market. Growing popularity of social networking sites, increasing use of smart mobile devices and migration of company infrastructure to “the cloud’ have exposed global enterprises to higher levels of security threats, all of which demand robust information security solutions. The need to comply with industry standards and government regulations is also driving companies to focus on information security. As companies focus on complying with governance, risk and compliance initiatives, demand for information security products and services is poised to grow.
As stated by the new market research report on Information Security Products and Services, the United States represents the largest market worldwide. Asia-Pacific is forecast to emerge as the fastest growing market with a CAGR of 18.8% over the analysis period. Robust economic growth, boom in enterprise networking, development of Internet infrastructure, proliferation of cloud computing technologies, increasing adoption of e-governance strategies, represent key factors driving growth in the region. Growing number of BPO and KPO service companies in countries such as India and the Philippines is also expected to benefit growth in the market.
Key players covered in the report include ActivID® IT Security Solutions, Blue Coat Systems Inc., CA Technologies Inc., Check Point Software Technologies Ltd., Cisco Systems Inc., Clearswift Ltd., EMC Corporation, Entrust, F-Secure Corporation, Fortinet Inc., Fujitsu Ltd., Hewlett-Packard Development Company, L.P., IBM Corporation, Juniper Networks Inc., Lumension Security Inc., McAfee Inc., Stonesoft Corporation, Nexus, Norman ASA, Novell Inc., Ping Identity Corp., Proofpoint Inc., SafeNet Inc., SonicWALL Inc., Sophos Plc, Symantec Corporation, Thales Group, Trend Micro Incorporated, Trustwave, Verizon Business, WatchGuard Technologies Inc., and WebSense Inc., among others.
The research report titled “Information Security Products and Services: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of market trends, growth drivers, service innovations and launches, and strategic industry activities of major companies worldwide. The report provides market estimates and projections for all major geographic markets including the US, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia and Rest of Europe), Asia-Pacific, Latin America and Rest of World. Product segments analysed in the report include Information Security Software (Identity & Access Management [PKI, Web Single Sign-On, Host Single Sign-On, User Provisioning, Directory Services, Legacy Authorization, and Advanced Authentication], Secure Content Management [Antivirus, Web Filtering, and Messaging Security], Intrusion Detection/Prevention, Security & Vulnerability Management, Firewall/VPN, and Other Security Software); Information Security Hardware (Hardware Authentication [Tokens, Smart Cards, Biometrics], Threat Management Security Appliances [Firewall/VPN, Secure Content Management, Intrusion Detection/Prevention, Unified Threat Management]); and Information Security Services (Implementation Services, Consulting Services, Management Services, Education & Training, and Response Services).
For more details about this comprehensive market research report, please visit – http://www.strategyr.com/Information_IT_Security_Products_and_Services_Market_Report.asp.
About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a leading publisher of off-the-shelf market research. Founded in 1987, the company currently employs over 800 people worldwide. Annually, GIA publishes 1500+ full-scale research reports and analyzes 40,000+ market and technology trends while monitoring more than 126,000 Companies worldwide. Serving over 9500 clients in 27 countries, GIA is recognized today, as one of the world's largest and reputed market research firms.
Global Industry Analysts, Inc.
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Public Relations, Global Industry Analysts, Inc., http://www.StrategyR.com/, +1 (408) 528-9966, [email protected]
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