According to a market report by Lucintel, future of the security software in the global telecom market looks promising with opportunities in the large enterprises, small and medium enterprises (SMEs), and government organization end users. The security software in the global telecom market is expected to grow with a CAGR of 10% to 12% from 2022 to 2027. The major drivers for this market are growing incidences of cyber-attacks and data security threat, increasing use of mobile and IoT devices, and increasing demand for cloud data storage and cloud services.
Browse through 150 pages and in-depth TOC on “Security Software in the Global Telecom Market"
In this market, network security, endpoint security, application security, cloud security, and other types of software security are provided for telecom sector on-premise and cloud deployment. Lucintel forecasts that on-premise will remain the larger segment by deployment type due to growing adoption of machine learning, Internet of Things, artificial intelligence, and other technologies by various end users.
Within the security software in the global telecom market, the large enterprise segment will remain the largest application market during the forecast period due to presence of large amount of data in such enterprises, global expansion plans by large companies, and security awareness among enterprises considering the loss in case of cyberattacks.
North America is expected to remain the largest market due to increasing use of advanced security software, owing to growing deployment of advanced technologies in various end use markets which eventually increases the cyberattacks and other security threats and well-structured risk assessment leading to incorporation of advanced security software in various industries.
BM Corporation (US), Dell Inc (US), Symantec Corporation (US), Trend Micro (Japan) Inc. McAfee (US), and Check Point (US), are among the major suppliers of security software in the global telecom.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the security software in the global telecom market by component, security type, deployment type, end users, and region. Lucintel has prepared a comprehensive research report titled “Growth Opportunities for Security Software in the Global Telecom Market 2022-2027: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy as it provides a comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the security software in the global telecom market by component, security type, deployment type, end users, and region as follows:
By Component [$M shipment analysis from 2016 to 2027]:
•Solutions
•Services
By Security Type [$M shipment analysis from 2016 to 2027]:
•Network Security
•Endpoint Security
•Application Security
•Cloud Security
•Others
By Deployment Type [$M shipment analysis from 2016 to 2027]:
•On-Premise
•Cloud
By End User [$M shipment analysis from 2016 to 2027]:
•Large Enterprises
•Small and Medium Enterprises (SMEs)
•Government
By Region [$M shipment analysis from 2016 to 2027]:
•North America
•Europe
•Asia Pacific
•The Rest of the World
This more than 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/security-software-in-telecom-market.aspx or write us at helpdesk@lucintel.com.
About Lucintel
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This report answers following 11 key questions:
Q.1 What are some of the most promising potential, high growth opportunities for the security software in the global telecom market by component (solutions and services), security type (network security, endpoint security, application security, cloud security, and others), deployment type (on-premise and cloud), end users (large enterprises, small and medium enterprises (SMEs), and government), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2 Which segments will grow at a faster pace and why?
Q.3 Which regions will grow at a faster pace and why?
Q.4 What are the key factors affecting market dynamics? What are the drivers and challenges of the market?
Q.5 What are the business risks and threats to the market?
Q.6 What are the emerging trends in this market and the reasons behind them?
Q.7 What are the changing demands of customers in the market?
Q.8 What are the new developments in the market? Which companies are leading these developments?
Q.9 Who are the major players in this market? What strategic initiatives are being implemented by key players for business growth?
Q.10 What are some of the competitive products and processes in this area and how big of a threat do they pose for loss of market share via material or product substitution?
Q.11 What M & A activities have taken place in the last 5 years in this market?