The internet has simplified communication process substantially, but it has increased the risk of data theft as well. Internet’s prolific run has encouraged telecom providers in taking Internet of Things (IoT) to the next level. This allows data to get transferred from peer to peer who has cemented its market position in the telecom industry. But at the same time, it is making the entire system prone to cyber-attacks that can breach the security and steal confidential data. Protection from such attacks can spur the demand for security software in the telecom market.
However, inexpensive methods are also available which the telecom providers prefer. This can put a leash on the security software in telecom market during the forecast period. But these can make the system susceptible to further attacks as well. Market players can steer away from such threats for a long time by using the software as a service (SaaS) technique which provides solutions as per client’s demand.
At the same time, the end-user devices are making networks more complex spurring their vulnerabilities. This has led to the adoption of security software in telecom business owing to which the market is witnessing rise on an ever-ascending path. The global security software in telecom market is expecting an impressive growth by 13.8% CAGR during the forecast period (2018-2025) and reach a valuation of USD 8,923.8 million by 2025 from its previous value of USD 3,210 million in 2017. The report published by Market Research Future (MRFR) has a detailed analysis that holds prediction for the market in the coming years.
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Major Key Competitors:
- IBM (the U.S.),
- Symantec (the U.S.),
- McAfee (the U.S.),
- Dell EMC (the U.S.),
- Trend Micro Inc. (Japan),
- Imperva (the U.S.),
- AVG Technologies (the Netherlands),
- Cisco Systems Inc. (the U.S.),
- Check Point Software Technologies Ltd. (the U.S.),
- Fortinet (the U.S.),
- F-Secure Corporation (Finland).
According to MRFR, The global Security Software in Telecom Market is expecting an impressive growth by 13.8% CAGR during the forecast period (2018-2025) and reach a valuation of USD 8,923.8 million by 2025 from its previous value of USD 3,210 million in 2017.
The growth of the market players is dependent on the market conditions, government support, and industry development. Thus, the vendors should focus on improving services and geographical expansion. Symantec., IBM, Dell EMC., McAfee, and Trend Micro are the major companies in the market, which compete in terms of customization, quality, price, and technology. Other companies in the security software market in telecom sector include Cisco, Fortinet, F-secure, Check Point, AVG Technologies and Imperva among others. They primarily focus on the development of high-quality software solutions for more secured applications. Although international players are dominating the market, regional and foreign players with small market shares also have a prominent presence here. The major players are looking to strengthen their presence worldwide through acquisitions during the forecast period. It has also been forecasted that improvement of the global economic scenario combined with advances in technology in the emerging economies is fueling the market growth, thereby making it an ideal time to launch advance offerings and increase the global market share.
The global security software in telecom market can be segmented by deployment type and application.
Based on deployment type, the security software in telecom market can be segmented into cloud and on-premise. The on-premise segment is at the top presently with a valuation of USD 1,745.3 million in 2017 and can go up to USD 4,610.8 million by 2025 with a 13.1% CAGR during the forecast period. However, the cloud segment can attain faster CAGR of 14.7% during the forecast period and reach a valuation of USD 4.313 million by 2025.
Application-wise, the security software in telecom market can be segmented into small & medium enterprises (SMEs), large enterprises, and government organizations. Large enterprises segment is presently dominating the market with a worth of USD 1,321.1 million in 2017, which government organizations can surpass by 2025 and achieve USD 3,553.4 million. However, SMEs can expect the fastest CAGR of 15.3% during the forecast period.
Geographically, the global security software in telecom market spans across North America, Europe, Asia Pacific (APAC), and Rest-of-the-World (RoW).
North America is currently leading the global market with a market worth of USD 1162.9 million in 2017. Their infrastructural superiority and market players operating from the region are giving the regional market an edge over the rest. The market can reach a valuation of USD 2886.7 million with a 12.2 % CAGR during the forecast period.
Europe, with infrastructural advantage, is giving steep competition to the North American market. Its market value can go up to USD 2706 million with a CAGR of 14.6% during the forecast period. The APAC market is showing great promises. Emerging economies hold all the prospect of the security software in telecom market. The regional market can earn the fastest CAGR of 15.5% during the forecast period to reach a valuation of USD 1651,7 million by 2025.
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List of Tables
TABLE 1 LIST OF ASSUMPTIONS
TABLE 2 GLOBAL SECURITY SOFTWARE IN TELECOM MARKET, BY DEPLOYMENT TYPE,
TABLE 3 GLOBAL SECURITY SOFTWARE IN TELECOM MARKET, BY APPLICATION, 2017-2025
TABLE 4 GLOBAL SECURITY SOFTWARE IN TELECOM MARKET, BY REGION, 2017-2025
TABLE 5 NORTH AMERICA: SECURITY SOFTWARE IN TELECOM MARKET, BY COUNTRY,
TABLE 6 NORTH AMERICA: SECURITY SOFTWARE IN TELECOM MARKET, BY DEPLOYMENT TYPE,
List of Figures
FIGURE 1 GLOBAL SECURITY SOFTWARE IN TELECOM MARKET: MARKET STRUCTURE
FIGURE 2 TOP DOWN & BOTTOM UP APPROACH
FIGURE 3 DRO ANALYSIS OF GLOBAL SECURITY SOFTWARE IN TELECOMS MARKET
FIGURE 4 DRIVERS IMPACT ANALYSIS: SECURITY SOFTWARE IN TELECOM MARKET
FIGURE 5 RESTRAINTS IMPACT ANALYSIS: SECURITY SOFTWARE IN TELECOM MARKET
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