LONDON--(BUSINESS WIRE)--The internet security market is expected to grow by USD 20.41 billion, progressing at a CAGR of over 10% during the forecast period. Download Free Sample Report
The rapid adoption of the BYOD policy is one of the major factors propelling market growth. However, factors such as high cost of deployment will hamper the market growth.
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Internet Security Market: Solution Landscape
The revenue of the products segment is likely to increase due to an increase in sales of hardware security components. The year-over-year (YoY) growth rate of hardware security components is expected to accelerate owing to the rapid adoption of hardware components providing integrated security, including firewall and intrusion detection and prevention (IDP), for ensuring the security of network infrastructures. There has also been a spike in phishing attacks, malicious spams, and ransomware attacks as attackers are using COVID-19 as an opportunity to imitate brands, thereby misleading employees and customers. Therefore, the above-mentioned factors have increased the demand for Internet security products, which will drive market growth during the forecast period.
Internet Security Market: Geographic Landscape
APAC will offer several growth opportunities to market vendors during the forecast period. The growing adoption of mobile devices, such as smartphones, tablets, and laptops and the rapid adoption of the IoT in countries like China, India, Thailand, and Singapore will significantly drive Internet security market growth in this region over the forecast period. 36% of the market’s growth will originate from APAC during the forecast period. China and Japan are the key markets for Internet security in APAC. Market growth in this region will be faster than the growth of the market in other regions.
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Companies Covered:
- AO Kaspersky Lab
- Cisco Systems Inc.
- Fortinet Inc.
- Hewlett Packard Enterprise Co.
- Intel Corp.
- International Business Machines Corp.
- NortonLifeLock Inc.
- Palo Alto Networks Inc.
- Sophos Ltd.
- Tata Consultancy Services Ltd.
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- Market share assessments for the regional and country-level segments
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- Covers market data for 2019, 2020, until 2024
- Market trends (drivers, opportunities, threats, challenges, investment opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.
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Key Topics Covered:
Executive Summary
Market Landscape
- Market ecosystem
- Value chain analysis
Market Sizing
- Market definition
- Market segment analysis
- Market size 2019
- Market outlook: Forecast for 2019 - 2024
Five Forces Analysis
- Five forces summary
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
Market Segmentation by Solution
- Market segments
- Comparison by Solution
- Products - Market size and forecast 2019-2024
- Services - Market size and forecast 2019-2024
- Market opportunity by Solution
Customer Landscape
Geographic Landscape
- Geographic segmentation
- Geographic comparison
- North America - Market size and forecast 2019-2024
- APAC - Market size and forecast 2019-2024
- Europe - Market size and forecast 2019-2024
- South America - Market size and forecast 2019-2024
- MEA - Market size and forecast 2019-2024
- Key leading countries
- Market opportunity by geography
- Market drivers – Demand led growth
- Market challenges
- Market trends
Vendor Landscape
- Overview
- Vendor landscape
- Landscape disruption
Vendor Analysis
- Vendors covered
- Market positioning of vendors
- AO Kaspersky Lab
- Cisco Systems Inc.
- Fortinet Inc.
- Hewlett Packard Enterprise Co.
- Intel Corp.
- International Business Machines Corp.
- NortonLifeLock Inc.
- Palo Alto Networks Inc.
- Sophos Ltd.
- Tata Consultancy Services Ltd.
Appendix
- Scope of the report
- Currency conversion rates for US$
- Research methodology
- List of abbreviations
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