Growing technological advancement
and rising adoption of IoT has led to growth in number of Internet Threats which has spread across various geographies. Surge in use of internet across sectors has increased the vulnerability of various threats which severely impact business operations. Rise in number treats such as malware, virus, spams, and so on has led in development of advanced internet security products. The main objective of Internet security solutions is to protect the systems and networks against cyber-attacks.
Several sectors, such as banking, insurance & financial services, IT, transportation, telecommunication, and defense and research institutes, have become the prime targets of the cyber-attacks. Internet security solutions protect business operations and ensure right execution of operations and prevent possible damage and loss.
The internet market growth is driven by several factors, such as cloud-based business operations, increase in the number of online financial transactions, and growing use of Internet due to wireless availability and enhanced connectivity. One of the prominent trend followed by major companies is to adopt cloud based security services.The global Internet Security market
size is estimated to grow from $XXm in 2016 to $XXm by 2021, at a Compound Annual Growth Rate (CAGR) of XX%. The world Internet security market is segmented into product & services, technology, security, application, solution and geography. Based upon product & services, the market is further segmented into hardware, software, and services.
The security segment shows the importance of Endpoint Security, Application Security, Content Security, Cloud Security, Wireless Security, and Network Security. The application segment highlights the importance and usage of Internet security solutions in BFSI, retail, telecom & IT, manufacturing, and education, among others. Furthermore, market is segmented on the basis of technology, which includes authentication, access control, content filtering, and cryptography. Internet Security market is also segmented on the basis of Solutions. In addition, the report segments the world Internet security market based on different regions, which include North America, Europe, Asia-Pacific and ROW.
North America has been the leading region to protect the systems and networks against internet attacks, followed by Europe, Asia-Pacific in 2015. The enterprises and small and medium businesses in Asia-Pacific countries are identifying the importance of internet security solutions. APAC region is one of the fastest growing markets for internet security owing to increased surge in threats. The major players dominating internet security market include:
- Booz Allen Hamilton
- Lockheed Martin
- Northrop Grumman
- Trend Micro
These players along with the new start-ups in the market are expected to develop more advanced and user-friendly solutions to combat continuously evolving internet threats