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Rising Investments in Web and Email Security Driving the Global IT Security as a Service Market Until 2020, Says TechnavioAccording to the latest market study released by Technavio, the global IT security as a service market is expected to grow at a steady CAGR of more than 19% during the forecast period. This research report titled 'Global IT Security as a Service Market 2016-2020' provides a detailed analysis of the market in terms of revenue and emerging market trends. This market research report also includes up to date study and forecasts for various market segments and all geographical regions. Request sample report: http://goo.gl/69BJXV The report classifies the global IT security as a service market into six major end-user segments:
Global IT security as service market in BFSI sector With the increasing adoption of new technologies like cloud and mobile services, the banking, financial services, and insurance (BFSI) sector is pushed to adopt security services to bolster its antifraud strategy. Managed security services assist the BFSI sector to ensure security, access management, password management, compliance, and access governance requirements. In recent times, the instances of card-related fraud attempts and insurance claim fraud have significantly increased owing to the rise in online transactions. As a result, several large financial institutions are replacing outdated solutions and are investing significantly in managed security services to reform their workflows and reduce financial fraud. Global IT security as a service market in healthcare sector "The healthcare sector is the fastest growing segment in terms of IT security as a service adoption. In the US, both public and private bodis invest heavily to secure data records of their patients. Increased instances of cyber-attacks and data intrusion in the US have pushed healthcare institutions to strengthen their IT security. Top companies like IBM and Intel (News - Alert) Security provide IT security as a service to the healthcare sector," says Amit Sharma, lead analysts at Technavio for, cloud computing research. Global IT security as a service in telecom sector The telecom sector has a significant market share in the global IT security as a service market. The rise in digitalization of services and the frequent changes in regulations in IT security has led to the increasing adoption of network security by telecom industries. Global IT security as a service in media and entertainment sector "The media and entertainment segment has seen significant upsurge in the use of IT security services over the years. These companies have become easy targets for cyber-crimes. The theft and misuse of commercially sensitive information or intellectual property will continue to remain a common issue," says Amit. Global IT security as a service in education sector Factors such as the increasing use of smartphones, tablets, and laptops in educational institutions has augmented the risk of cybersecurity. As a result, the IT teams in schools and colleges have started installing antivirus software to protect devices connected to the campus network. However, this approach is not feasible for the case of bring-your-own-device (BYOD). In such situations, enforcing security policy in the network is the best method. The top vendors highlighted by Technavio's research analysts in this report are: Browse Related Reports:
Do you need a report on a market in a specific geographical cluster or country but can't find what you're looking for? Don't worry, Technavio also takes client requests. Please contact [email protected] with your requirements and our analysts will be happy to create a customized report just for you. About Technavio Technavio is a leading global technology research and advisory company. The company develops over 2000 pieces of research every year, covering more than 500 technologies across 80 countries. Technavio has about 300 analysts globally who specialize in customized consulting and business research assignments across the latest leading edge technologies. Technavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users. If you are interested in more information, please contact our media team at [email protected]. View source version on businesswire.com: http://www.businesswire.com/news/home/20160701005014/en/ |
