Market Overview

Global Social Media Security Market to 2023 - Stringent Government Regulations and Compliance Requirements Driving Market Growth

Share:

Dublin, Aug. 13, 2018 (GLOBE NEWSWIRE) -- The "Social Media Security Market by Solution (Monitoring, Threat Intelligence, and Risk Management), Service (Professional Service and Managed Service), Organization Size, Industry Vertical, and Region - Global Forecast to 2023" report has been added to ResearchAndMarkets.com's offering.

The global social media security market size is expected to grow from USD 895.6 million in 2018 to USD 1,970.6 million by 2023, at a Compound Annual Growth Rate (CAGR) of 17.1% during the forecast period.

The strategic shift toward social media security due to the increasing adoption of enterprise social media and the need for organizations to secure their social media platforms and networks against malicious attacks and threats are the factors that are driving the social media security market.

The market is driven by a strategic shift toward social media security, due to the increasing sophistication level of attacks on enterprise social media platforms, rising need to manage stringent regulations and compliances, and increasing use of social media by employees in the organization both for businesses, as well as personal purposes. However, data privacy constraints and the lack of common laws across countries and cross-boundary location of servers may restrain the social media security market growth.

The monitoring segment is expected to account for the largest market size during the forecast period. Monitoring solutions help enterprises to identify and track the social media activity of their employees, as well as individuals across various social media platforms. These solutions would help companies identify the potential threats and vulnerabilities and take the necessary action against these threats. This process enables companies to identify the malignant activity, which includes defamation of organizations brand and data theft, thus assisting in taking precedent steps to avoid them.

The large enterprises segment is expected to hold a larger market size in the social media security market during the forecast period. Large enterprises are the early adopters of social media security solutions and associated services. Though large enterprises have the necessary budgets, the adoption would be hindered partially, due to the growing data privacy concerns in organizations.

However, due to the rising Bring Your Own Device (BYOD) trend among these organizations, there is an unprecedented growth of social media use by employees in organizations for business and personal purposes, and it is inevident for these enterprises to overlook the potentiality of these platforms as a mode for communication and customer experience purposes. Hence, they are adopting social media security solutions on a large scale to counter any attacks on their social media platforms.

North America is estimated to hold the largest market size and dominate the global social media security market, in 2018. The increasing penetration of enterprise social media and the security challenges associated with it includes compliance management, along with meeting strict compliance regulations are pushing organizations in North America to adopt social media security solutions. Asia Pacific (APAC) offers growth opportunities for the major vendors in the social media security market, as countries in this region have huge social media user base, and there is a drastic increase in the adoption of social media platforms for business purposes by organizations in this region.

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights
4.1 Attractive Market Opportunities in the Market
4.2 Market Share of Top 3 Solutions and Regions
4.3 Social Media Security Market, By Security Type, 2018
4.4 Market Investment Scenario

5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Increasing User Engagement on Social Media Using Smartphones
5.2.1.2 Stringent Government Regulations and Compliance Requirements
5.2.1.3 Rising Security Attacks on Social Media Platforms
5.2.2 Restraints
5.2.2.1 Lack of Common Laws Across Countries and Cross-Boundary Location of Servers
5.2.3 Opportunities
5.2.3.1 Voluminous Data Generation Through Social Media Platforms
5.2.4 Challenges
5.2.4.1 Failure to Understand the Exact Requirements of Organizations
5.2.4.2 Risks Associated With Social Engineering
5.3 Regulatory Implications
5.3.1 Payment Card Industry Data Security Standard (PCI DSS)
5.3.2 Health Insurance Portability and Accountability Act (HIPAA)
5.3.3 Gramm-Leach-Bliley Act (GLBA)
5.3.4 General Data Protection Regulation (GDPR)
5.4 Innovation Spotlight

6 Market By Solution
6.1 Introduction
6.2 Monitoring
6.3 Threat Intelligence
6.4 Risk Management
6.5 Others

7 Social Media Security Market, By Security Type
7.1 Introduction
7.2 Web Security
7.3 Application Security
7.4 Endpoint Security
7.5 Network Security
7.6 Cloud Security

8 Market, By Service
8.1 Introduction
8.2 Professional Services
8.3 Managed Services

9 Market, By Organization Size
9.1 Introduction
9.2 Small and Medium-Sized Enterprises
9.3 Large Enterprises

10 Social Media Security Market, By Vertical
10.1 Introduction
10.2 Banking, Financial Services, and Insurance
10.3 Healthcare
10.4 Telecom and IT
10.5 Retail
10.6 Media and Entertainment
10.7 Government
10.8 Education
10.9 Travel and Hospitality
10.10 Manufacturing
10.11 Others

11 Social Media Security Market, By Region

12 Competitive Landscape
12.1 Overview
12.2 Competitive Scenario
12.2.1 Partnerships, Agreements, and Collaborations
12.2.2 New Product Launches and Product Enhancements
12.2.3 Mergers and Acquisitions
12.2.4 Business Expansions

13 Company Profiles

  • Bowline Security
  • Brandle
  • CA Technologies (Veracode)
  • CSC
  • Centrify
  • CoNetrix
  • Crisp Thinking
  • CrowdControlHQ
  • Digital Shadows
  • DigitalStakeout
  • Hootsuite
  • Hueya
  • KnowBe4
  • LookingGlass Cyber Solutions
  • Micro Focus
  • Proofpoint
  • RiskIQ
  • SecureMySocial
  • Social Sentinel
  • Socialhub
  • SolarWinds
  • Sophos
  • Symantec
  • Trend Micro
  • ZeroFox

For more information about this report visit https://www.researchandmarkets.com/research/9ww4pc/global_social?w=12

CONTACT: ResearchAndMarkets.com
         Laura Wood, Senior Manager
         press@researchandmarkets.com
         For E.S.T Office Hours Call 1-917-300-0470
         For U.S./CAN Toll Free Call 1-800-526-8630
         For GMT Office Hours Call +353-1-416-8900
Related Topics: Social Media, Security Services 

Primary Logo

View Comments and Join the Discussion!
 

Latest Ratings

StockFirmActionPT
AAPLWedbushInitiates Coverage On310.0
DHTJP MorganUpgrades0.0
DISBarclaysUpgrades130.0
DXCMGoldman SachsUpgrades125.0
ORLYJP MorganUpgrades398.0
View the Latest Analytics Ratings
Don't Miss Out!
Join Our Newsletter
Subscribe to:
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Daily Analyst Rating
A summary of each day’s top rating changes from sell-side analysts on the street.
Fintech Focus
Your weekly roundup of hot topics in the exciting world of fintech.
Thank You
for registering for Benzinga’s newsletters and alerts.
• The Daily Analysts Ratings email will be received daily between 7am and 10am.
• The Market in 5 Minutes email will be received daily between 7am and 8am.
• The Fintech Focus email will be received every Friday between 2pm and 5pm.