Global Security System Integrators Market to Register 10% CAGR by 2023

Global Security System Integrators Market to Register 10% CAGR by 2023

“Security System Integrators Market”
Global Security System Integrators Market Research Report– By Type (Application Security, Endpoint Security, Network Security, Data Security), Organization Size (Sme, Large Enterprise), Industry Vertical (Energy, Retail, Banking) – Forecast Till 2023

Market Highlights

A security system integration refers to the consolidation of several types of security in a network, application, endpoint security, and web security. The global security system integrators market is influenced on a high level by the way a network is deployed in an enterprise. These security systems are deployed either on-premise or on-cloud.

The global security system integrators market is anticipated to witness a 10% CAGR over the forecast period, as per the latest analysis launched by Market Research Future (MRFR). A rise in the adoption of cloud-based services in many end-user industries is anticipated to push the global security system integrators market. A growth in complexities in the network due to the on-premise deployment of third-party services and upscaling trends of IoT and BYOD are other factors driving the global security system integrators market through the assessment period.

Enterprises are undertaking such services to augment the efficiency and productivity of their organizations. Furthermore, a rise in the number of cyber threats and attacks has led government sector and the public sector to integrate advanced IT infrastructure at a higher scale, hence, promoting growth in the global security system integrators market.

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Segmentation:

The global security system integrators market is studied for different segments based on type, organization size, vertical, and region. Based on type, the global security system integrators market is segmented into endpoint security, application security, data security, and network security. Based on organization size, the global security system integrators market is segmented into small and medium enterprises, and large enterprises. Based on verticals, the global security system integrators market is segmented into retail, banking, energy, hospitality, manufacturing, IT & telecommunication, government, and aerospace & defense.

Detailed Regional Analysis

The global security system integrators market is segmented on the basis of region into Asia Pacific, North America, Europe, and the Rest of the World. North America held the largest share of the global security system integrators market at the beginning of the forecast period.  The regional market for security system integrators is also expected to retain its dominion during the forecast period. Technological advancements and the presence of many market vendors in North America are two primary factors leading the regional security system integrators market during the assessment period. The US is expected to lead the country-specific market for security system integrators within North America. This can be attributed to the rising IT sector in North America, which has, in turn, led to a higher need for strong security system integrators.

On the other hand, Europe is expected to garner significant growth in the security system integrators market over the forecast period. Strict government regulations and policies regarding data transmission and security has contributed heavily to the ascension of the global security system integrators market.

Asia Pacific is estimated to capture the third-largest share in the global security system integrators market during the forecast period. The regional security system integrators market is likely to ascend at a sluggish pace due to slow adoption of such services in the APAC region. However, such adoption is likely to pick up pace through mid of the forecast period owing to an upsurge in the adoption of cloud-based services and the development of the IT sector of Asia Pacific.

Key Players

Some of the noteworthy vendors in the global security system integrators market include Setronics Corporation (U.S.), FireEye, Inc. (U.S.), Cisco Systems, Inc. (U.S.), Hewlett Packard Enterprise Development LP (U.S.), McAfee, LLC (U.S.), International Business Machines Corporation (U.S.), Accenture BCR (Ireland), Deloitte Touche Tohmatsu Limited (U.S.), Cognizant Technology Solutions Corporation (U.S.), HCL Technologies Limited (India), CIPHER Security LLC (U.S.), Wipro Limited (India), Integrity360 (Ireland), Anchor Technologies, Inc. (U.S.), Vandis, Inc. (U.S.), and Innovative Solutions Co (Saudi Arabia).

Industry Update

July 2019: Security-Net recently widened its geographic reach in New Jersey, New York, and Illinois by adding two new member companies to its network. The new member companies are FE Moran Security Solutions and Care Security Systems.

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List of Figures

FIGURE 1 Global Security System Integrators Market Segmentation

FIGURE 2 Forecast Methodology

FIGURE 3 Five Forces Analysis Of Global Security System Integrators Market

FIGURE 4 Value Chain Of Global Security System Integrators Market

FIGURE 5 Share Of Global Security System Integrators Market In 2017, By Country (In %)

FIGURE 6 Global Security System Integrators Market, 2017-2023,

FIGURE 7 Sub Segments Of Type

FIGURE 8 Global Security System Integrators Market Size By Type, 2017

FIGURE 9 Share Of Global Security System Integrators Market By Type, 2017 TO 2023

FIGURE 10 Global Security System Integrators Market Size By Organization Size, 2017

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