Security System Integrators Market Research Report- Forecast to 2023
Posted April 4,2020 in Science and Technology.
The security system integration is defined as the consolidation of various security types in the application, endpoint security, network, web security, and many more. Market Research Future (MRFR) has published a research report about the global security system integrators market that foresees gains for this market at 10% CAGR (Compound Annual Growth Rate) between 2017 and 2023. By value, the market has been figured to be worth the US $ 15 bn by the end of forecast period.
The decisive factor aiding the global security system integrators market growth is the increasing adoption. The adoption is increasing due to factors such as growing complexities in the network due to the on-premise deployment of third-party services, increasing trend of Internet of Things (IoT) and Bring Your Own Device (BYOD) in various large enterprises. An increasing number of cyber threats and attacks is also aiding the market growth because these threats are prompting faster growth of the government sector along with the public sector integration of IT infrastructure.
The global security system integrators market has been segmented on the basis of industry vertical, organization size, type, and lastly, region. As per industry vertical, this market has been segmented into aerospace & defense, banking, energy, information technology (IT) & telecom, government, hospitality, manufacturing, retail, and others. Based on organization size, the market has been segmented into small & medium enterprises, and large enterprises. By type, the market can be segmented into application security, data security, endpoint security, network security, and others.
The regional segmentation of the global security system integrators market has segmented the global market into regional markets namely North America, Europe, Asia Pacific, and rest of the world (RoW). North America is the biggest regional market, and it is expected to maintain the status quo during the forecast period. North America is a technologically advanced region where many enterprises are plying their services. Dominant IT sector in countries like the USA creates demand for the strong security system integrators in terms of security. Many enterprises and government agencies are moving their data, processes, and services, to the cloud which is resulting in additional risk of data loss and security. Therefore, the demand for security is always strong in this region, along with the market. Other important country-specific markets in this region are Canada and Mexico.
Europe as a regional Security System Integrators Market Size is closely following North America in terms of growth rate. The major factor that drives the growth of the European market is strict government regulation and policies regarding data transmission. Important country-specific markets in this region are France, Germany, and the UK.
In the Asia Pacific region, technological advancement is increasing but not at the pace of North America and Europe. The market is growing slowly in this region due to slow adoption of IT services as well as security system integrators. During the forecast period, the market growth is expected to increase due to more adoption of cloud services and development in IT infrastructure. The significant country-specific markets in this region are China, India, and Japan, followed by the remaining countries of the Asia Pacific region.
The key players in the global security system integrators market include Accenture BCR (Ireland), Akamai Technologies Inc (USA), Anchor Technologies Inc. (USA), Carbon Black Inc (USA), Check Point Software Technologies Ltd (Israel), Cipher Security LLC (USA), Cisco Systems, Inc. (USA), Cognizant Technology Solutions Corporation (USA), Deloitte Touche Tohmatsu Limited (USA), FireEye, Inc. (USA), F-Secure Corporation (Finland), HCL Technologies Limited (India), Hewlett Packard Enterprise Development LP (USA), Innovative Solutions Co (Saudi Arabia), Integrity360 (Ireland), International Business Machines Corporation (USA), Kaspersky Lab (Russia), McAfee, LLC (USA), Palo Alto Networks Inc. (USA), RSA Security LLC (USA), Sophos Group PLC (UK), Setronics Corporation (USA), Symantec Corporation (USA), Vandis, Inc. (USA), Veracode, Inc. (the USA), WhiteHat Security (USA), and Wipro Limited (India).
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