Increasing Smartphones Usage Drives the Global Information Security Products and Services Market, According to New Report by Global Industry Analysts, Inc.

Share Article

GIA announces the release of a comprehensive global report on the Information Security Products and Services market. The global market for Information Security Products and Services is projected to exceed US$196.1 billion by the year 2018, primarily driven by the need for robust security against emerging threats posed by virtualization & cloud solutions and increasing use of smartphones. Compliance and regulatory mandates and robust demand from Asia-Pacific also augur well for the future of this market.

Information Security Products and Services: A Global Strategic Business Report

Follow us on LinkedIn – Instances of information security breaches, including malware and virus attacks, spam, zombies, botnets, Trojans, and organized cyber crime have been increasing over the years partly attributed to the lethargic approach adopted until now by enterprises towards information security, and increasing sophistication of targeted network and server attacks. Given the growing exposure of corporate data centers to external networks especially via Internet, the instances of virus and other malware sneaking into the company’s computing assets have increased significantly. Number of cyber crime cases, i.e., offences committed using computer networks, including hacking, identity theft, defacing, fake security software, credit card fraud (Carding), and copyright infringement, have also been growing at an alarming pace. The fact that a high percentage of these cyber attacks are being directed to high-end systems to cause maximum damage is becoming a serious cause for concern for enterprises.

While extensive use of Internet has exposed enterprise information assets to external security breaches, growing security threats from within the enterprise also cannot be undermined. Internal security threats from disgruntled employees especially increased during recession, when companies resorted to massive job and pay cuts as a part of corporate restructuring strategies. Instances of deliberate deployment of illegal software, illegal retention of USB devices and mobile computers with critical customer and financial information, illegal trading of corporate information assets for individual benefits, and deliberate damage of computing systems among others, have been some of the most common internal security breaches that corporate world has seen in recent years. The world is also witnessing a cyber warfare wherein organized teams, and individuals, and in some instances, even Governments have adopted cyber crime as a business, either for financial benefits or for gaining a technological edge over competitors.

Information Security Products and Services market, over the next few years, will also be driven by emerging threats posed by extensive use of connected devices, particularly smartphones by employees and growing adoption of advanced technologies such as virtualization and cloud computing by enterprises. While use of smartphones no doubt provides enterprise users the convenience of accessing bundled voice and data communication services from a single device, it also poses several information security risks, such as loss of business data and inappropriate use of sensitive information. Infected smartphone applications posted on application stores by cyber criminals will remain the major sources of malware attacks. When such infected applications are downloaded by smartphone users, malware can easily sneak into the mobile phones and then onto corporate networks when connected. This scenario therefore calls for robust endpoint security solutions.

Similarly use of virtualization and cloud infrastructure for cost rationalization also has its own security challenges. For instance, a virtualized server, being an intangible element poses severe challenges to security administrators in an IT setup. More than half of the Virtual Machines are less secure when compared to physical servers, given that virtual servers open up several opportunities for exploitation of network by attackers. There have been several instances where compromised VMs have been used to exploit other VMs running on the same host. As more and more companies increasingly turn to cloud based services for flexibility and performance in enterprise operations and deploy cloud infrastructures to host their applications, typically as virtual servers, the issues with server security will only increase further. Using cloud infrastructure which isn’t always in full control of the enterprise, and virtual servers, which can be inactive or active, makes it extremely difficult for enterprises to provide full protection, thus making server security in most of the cases, a management issue and an opportunity for the information security products and services market.

As stated by the new market research report on information security products and services, the US continues to remain the largest regional market. Asia-Pacific represents the fastest growing market with annual revenue waxing at a CAGR of about 16.2% over the analysis period. By product, Information Security Services represents the largest and the fastest growing segment with annual revenue waxing at a CAGR of about 15.1% over the analysis period.

Major players in the global marketplace include ActivIdentity Corporation, AuthenTec, Check Point Software Technologies Ltd., Cisco Systems, Inc., Clearswift Ltd., CA Technologies, Inc., Crossbeam Systems, Inc., Entrust, Inc., F-Secure Corporation, Fortinet, Inc., Fujitsu Ltd., Hewlett-Packard Development Company, L.P., IBM Corporation, Juniper Networks, Inc., Keyware Technologies NV, Lumension Security, Inc., McAfee, Inc., Norman ASA, Novell, Inc., Ping Identity Corp., Proofpoint, Inc., 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, issues, drivers, company profiles, mergers, acquisitions and other strategic industry activities. The report provides market estimates and projections for Information Security Products and Services market for major geographic markets including the US, Canada, Japan, Europe (France, Germany, Italy, UK and Rest of Europe), Asia-Pacific, Latin America, and Rest of World.

Product segments analyzed 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, and Biometrics) and Threat Management Security Appliances (Firewall/VPN, Secure Content Management, Intrusion Detection/Prevention, and 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_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 more than 1300 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.

Follow us on LinkedIn

Global Industry Analysts, Inc.
Telephone: 408-528-9966
Fax: 408-528-9977
Email: press(at)StrategyR(dot)com
Web Site: http://www.StrategyR.com/

###

Share article on social media or email:

View article via:

Pdf Print

Contact Author

Public Relations
Visit website