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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Major Key Players:
- IBM (the U.S.),
- Symantec (the U.S.),
- McAfee (the U.S.),
- Dell EMC (the U.S.),
- Trend Micro Inc. (Japan),
- Imperva (the U.S.),
- AVG Technologies (the Netherlands),
- Cisco Systems Inc. (the U.S.),
- Check Point Software Technologies Ltd. (the U.S.),
- Fortinet (the U.S.),
- F-Secure Corporation (Finland).
According to MRFR, The global Security Software in Telecom Market is expecting an impressive growth by 13.8% CAGR during the forecast period (2018-2025) and reach a valuation of USD 8,923.8 million by 2025 from its previous value of USD 3,210 million in 2017.
In February 2019, CSG, which is a trusted partner in simplifying the complexity of digital business transformation, has announced the availability of CSG Detect, software as a service (SaaS) solution for detecting and avoiding fraud. The software leverages big data and AI machine learning techniques.
The growth of the market players is dependent on the market conditions, government support, and industry development. Thus, the vendors should focus on improving services and geographical expansion. Symantec., IBM, Dell EMC., McAfee, and Trend Micro are the major companies in the market, which compete in terms of customization, quality, price, and technology. Other companies in the security software market in telecom sector include Cisco, Fortinet, F-secure, Check Point, AVG Technologies and Imperva among others. They primarily focus on the development of high-quality software solutions for more secured applications. Although international players are dominating the market, regional and foreign players with small market shares also have a prominent presence here. The major players are looking to strengthen their presence worldwide through acquisitions during the forecast period. It has also been forecasted that improvement of the global economic scenario combined with advances in technology in the emerging economies is fueling the market growth, thereby making it an ideal time to launch advance offerings and increase the global market share.
By deployment type, the security software in telecom market has been segmented into cloud and on-premise. The on-premise segment is currently dominating the global market and is projected to exhibit positive growth in the upcoming years. Meanwhile, the cloud segment is projected to gain momentum over the next couple of years. It is anticipated to register a relatively higher CAGR over the assessment period.
By application, the security software in telecom market has been segmented into large enterprises, small and medium enterprise (SMEs), and government organizations. Among these, the large enterprises segment is at present holding the maximum share of the market. However, the government organizations segment is anticipated to surpass the market share of the large enterprises segment by the end of the forecast period. Meanwhile, the small and medium enterprise (SMEs) segment is likely to expand at a higher CAGR over the review period.
The global security software in telecom market, by region, has been segmented into North America, Europe, Asia Pacific (APAC), and Rest of the World (RoW). North America has gained an edge over other regional markets in terms of its IT infrastructure. The region also houses prominent global leaders. The growth strategies exercised by these players in through product development, innovation, collaboration, mergers & acquisitions, etc. is likely to dominate the growth trajectory of the security software in telecom market in the region. Thus, the regional market is poised to retain its forefront position through the assessment period.
Europe is expected to closely trail North America and grow significantly over the next few years. Technological innovations and its quick adoption are projected to propel the expansion of the security software in telecom market in the region.
Asia Pacific signifies tremendous developmental opportunities. The region is presumed to grow at a high CAGR across the assessment period. Investments are forecasted to flow towards the telecom infrastructure which is likely to augment the security software in telecom market.
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List of Tables
TABLE 1 LIST OF ASSUMPTIONS
TABLE 2 GLOBAL SECURITY SOFTWARE IN TELECOM MARKET, BY DEPLOYMENT TYPE,
TABLE 3 GLOBAL SECURITY SOFTWARE IN TELECOM MARKET, BY APPLICATION, 2017-2025
TABLE 4 GLOBAL SECURITY SOFTWARE IN TELECOM MARKET, BY REGION, 2017-2025
TABLE 5 NORTH AMERICA: SECURITY SOFTWARE IN TELECOM MARKET, BY COUNTRY,
TABLE 6 NORTH AMERICA: SECURITY SOFTWARE IN TELECOM MARKET, BY DEPLOYMENT TYPE,
List of Figures
FIGURE 1 GLOBAL SECURITY SOFTWARE IN TELECOM MARKET: MARKET STRUCTURE
FIGURE 2 TOP DOWN & BOTTOM UP APPROACH
FIGURE 3 DRO ANALYSIS OF GLOBAL SECURITY SOFTWARE IN TELECOMS MARKET
FIGURE 4 DRIVERS IMPACT ANALYSIS: SECURITY SOFTWARE IN TELECOM MARKET
FIGURE 5 RESTRAINTS IMPACT ANALYSIS: SECURITY SOFTWARE IN TELECOM MARKET
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