Security Software In Telecom Market Size 2021 Analysis by Sales Revenue, Global Business Trends, Industry Dynamics, New Investment, Growth Opportunities, Project Economics, Statistics, Overview, And Forecast till 2025

New York, United States, Fri, 08 Jan 2021 07:01:45 / Comserve Inc. / -- The global security software in telecom market is touted to grow by 13.8% CAGR during the forecast period (2018-2025) and scale a valuation worth USD 8,923.8 million by 2025

The Security Software in Telecom Market is estimated to record a significant growth throughout the forecast period. The ICT sector constitutes 4.8% of the European economy. Europe's organization ERDF i.e. European Regional Development Fund has allotted approximately USD 23 billion for investments related to ICT during the funding period 2014-2020. ICT refers to the communication technologies including the internet, wireless networks, social networking, cell phones, video-conferencing, computers, software, and other media applications and services enabling users to access, retrieve, and manipulate information in a digital form.

Industries across the world can thrive when it is founded on effective communication. Telecom industries primary job is to provide the same by simplifying the process. And when implemented properly, it can impact the economies of nations. It has further been influenced by the inexhaustible momentum of the internet which has eased the process significantly. Information gets shared via wire, radio, optical, or electromagnetic waves. Various telecom service providers have now integrated the Internet of Things (IoT) in their system to take their service a notch higher. However, this has also increased the vulnerability of the entire system against any significant threat posed by hackers.

Information sharing between peers becomes a bit tricky if it is confidential. Hence, the need for security software. Companies across the globe are installing such software to safeguard their data and retain the trust of their users. The global security software in telecom market is touted to grow by 13.8% CAGR during the forecast period (2018-2025) and scale a valuation worth USD 8,923.8 million by 2025. Market Research Future's (MRFR) detailed report on the market further analyzes the drivers and segments in detail.    

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However, the security software in telecom market can get bogged down during the forecast period. Many of the telecom service providers are opting for cheap software which is detrimental for the security software in telecom market growth. At the same time, these software increases the risk of theft which can malign the industry as well. But the software as a service (SaaS) technique holds significant promise for the security software in telecom market. Its targeted solutions can steer away from the security software in telecom market from any long-time plummets.

Segmentation:

Based on the deployment type, the security software in telecom market can be segmented into cloud and on-premise. The on-premise segment is enjoying the edge over the cloud at present. But Cloud segment is expected to grow with the fastest CAGR during the forecast period.Based on application, the security software in telecom market can be segmented into small and medium enterprise (SMEs), large enterprises, and government organizations. Large enterprises segment is currently leading the market, but it is soon going to be surpassed by the government organizations. But SMEs segment is going to accrue the highest CAGR during the forecast period.

Regional Analysis:

Based on geography, the global security software in telecom market can be segmented into North America, Europe, Asia Pacific (APAC), and Rest-of-the-World (RoW).North America is currently leading the global market with the highest amount of market share. This can be attributed to their infrastructural superiority and the presence of several bigshots who are spending much time in strategizing to expand the market in a significant way.

Europe, with infrastructural advantage, is doing remarkably well and would give steep competition to the North American market during the forecast period. The APAC market is showing great promises. Emerging economies are investing much in infrastructure and are divesting their expenditure in various sides which is opening up prospects for the security software in telecom market. The regional market can earn the fastest CAGR during the forecast period.

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Competitive Analysis:

The market is pretty intense in nature. With the latest technologies proliferating verticals all across, strategies such as product launches, service plans, merger, acquisition, collaboration, and other methods are going to play big. Prominent players impacting the global security software in telecom market are Check Point Software Technologies Ltd. (U.S.), Symantec (U.S.), Trend Micro Inc. (Japan), Dell EMC (U.S.), McAfee (U.S.), Imperva (U.S.), AVG Technologies (the Netherlands), IBM (U.S.), Cisco Systems Inc. (U.S.), Fortinet (U.S.), and F-Secure Corporation (Finland).

Global Security Software in Telecom Market Research Report: Information by Component [Solution (Identity and Access Management (IAM), Risk and Compliance Management, Encryption, Data Loss Prevention (DLP), Unified Threat Management, Security Information and Event Management (SIEM), Distributed Denial of Service Mitigation (DDoS) and Firewall) and Services (Managed Services and Professional Services)], Deployment Mode (Cloud and On-Premise), Security Type (Network Security, Endpoint Security, Application Security and Cloud Security) and Region [North America (the US, Canada, Mexico), Europe (Germany, the UK, France, Italy, Spain and Rest of Europe), Asia-Pacific (China, Japan, India and the Rest of Asia-Pacific), the Middle East & Africa and South America] – Forecast till 2025

With the expansion of LTE networks, the end users have been experiencing seamless connectivity across economies. This has allowed the telecom industry to significantly expand their networks across the urban, rural, and remote areas. Additionally, increasing internet penetration, rising need for data services and growing broadband adoption are some of the drivers for the telecom industry. This expansion of networks has also increased in the number of cyberattacks in the telecom industry. According to Netscout Systems, Inc. report 2018, globally, DDoS attacks increased by 19% during the second half of 2018 and continued to gain traction during the second half of 2017 and 2018.

Telecom operators have witnessed attacks while metering, signaling, and switching and configuring the network. Additionally, the increasing number of cyberattacks has encouraged security providers to develop a sustainable solution for enterprises. Thus, the increase in data breach incidents is leading to a growing need to establish secure networks. Furthermore, the presence of inexpensive security solutions and insufficient infrastructure to implement IPV6 technology are some of the hindering factors for the growth of security software in telecom market.

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The Global Security Software In Telecom Market was valued USD 3,599.4 Million in 2018 and is expected to expand at 11.9% CAGR to reach USD 8,923.5 Million in 2025.The global security software in telecom market has been segmented based on component, security type, deployment mode, organization size, and region.

Based on component, the global market has been divided into solution and services. The solution segment has been further categorized into identity and access management (IAM), risk and compliance management, encryption, data loss prevention (DLP), unified threat management, security information and event management (SIEM), distributed denial of service mitigation (DDoS), firewall, and others. The services segment is categorized into professional services and managed services. The professional services segment is further sub-segmented into risk assessment, design and implementation, support and maintenance, and others. The solution segment accounted for the larger market size in 2018 whereas the services segment accounted for the higher CAGR during the forecast period 2019–2025

Based on security type, the global market has been categorized as network security, endpoint security, application security, cloud security, and others.Based on deployment of software, the global market is divided into on-premise and cloud. According to MRFR analysis, the on-premise segment is expected to be the larger segment and accounted for a 54% share of the market in 2018 and whereas the cloud segment is expected to register the higher CAGR of 11.3% during the forecast period.

Based on end user, the global market is categorized into large enterprises, small and medium enterprise, and government. The large enterprises segment is accounted for the larger market share in 2018, whereas the SMEs segment is expected to exhibit the highest CAGR of 15.2% during 2019–2025.

Regional Analysis

Geographically, the global security software in telecom market has been segmented into Asia-Pacific, North America, Europe, and the Middle East & Africa and South America.

North America is expected to dominate the security software in telecom market and is expected to retain share during the forecast period. The increase in deployment of IoT and the availability of internet-enabled solutions and cloud services are some of the factors boosting the growth of this market. The US and Canada are experiencing high-profile cyberattacks in telecom sector, which is one of the major reasons stimulating the demand for security software.

Asia-Pacific is expected to be the fastest-growing region during the forecast period. Due to the rapid digitization coupled with the advancements in IoT and cloud computing technologies in this region, the number of cyber-attacks might increase. This has encouraged service providers to develop efficient security solutions for telecom operators. Countries including China, Japan, and India are growing at a faster pace and thus contributing to the growth of the market in the region. Furthermore, the increasing severity of cyber-attacks and stringent government regulations are anticipated to propel the growth of this market in Asia-Pacific.

Companies Covered

The key players of the global security software in telecom market are Symantec Corporation (US), IBM Corporation (US), Dell Inc (US), McAfee (US), and Trend Micro (Japan) Inc. are some of the prominent players contributing to over 40% of the market share in 2018. However, other players such as Check Point (US), Oracle Corporation (US), CyberArk (Israel), Imperva (US), Qualys (US), F-Secure (Finland), HP Enterprise Development LP (US), FireEye (US), Forcepoint (US), Fortinet (US), Amazon Web Services (US), Microsoft Corporation (US), Proofpoint (US), F5 Networks (US), Palo Alto Networks (US), Rapid7 (US), Sophos (UK), Juniper Networks (US), and Splunk (US), also have significant market shares in the global security software in telecom market.

Key Developments 

In July 2019, Trend Micro partnered with Amazon Web Services to deliver the cloud network solution to its customers deployed through AWS MarketPlace. The partnership enabled Trend Micro to increase its customer base and allowed it to achieve the highest levels of security in its cloud platform.In September 2018, Dell EMC introduced enhanced solutions for the service providers to help them expand their enterprise edge service delivery and accelerate the telco cloud adoption to create more revenue opportunities and improve operational efficiency.

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Market Segmentation

By component— solution and services

By solution– identity and access management (IAM), risk and compliance management, encryption, data loss prevention (DLP), unified threat management, security information and event management (SIEM), distributed denial of service mitigation (DDoS), firewall, and others

By services– professional services (risk assessment, design and implementation, support and maintenance, and others) and managed services

By security type– network security, endpoint security, application security, cloud security, and others

By deployment type— on-premise and cloud

By end user– large enterprises, small and medium enterprises (SMEs), and government

Key questions addressed by the report

What was the historic market size (2017)?

What was the Base year market size (2018)?

Which segmentation (Component/ deployment mode/ Security Type, Deployment Mode, Security Type, End user) are driving the market?

What will be the growth rate by 2025?

Who are the key players in this market?

What are the strategies adopted by key players?

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