Global Digital Security Market to Grow 11.43% (2016-2020) - High Implementation & Maintenance Costs - Research and Markets

Apr 15, 2016, 05:10 ET from Research and Markets

DUBLIN, April 15, 2016 /PRNewswire/ --

Research and Markets has announced the addition of the, "Global Digital Security Market 2016-2020," report to their offering. 

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The global digital security market is expected to grow at a CAGR of 11.43% during the period 2016-2020.

Digital security solutions are gaining importance among large enterprises, government organizations, and SMBs because they protect critical information from unauthorized access and security attacks. They also protect computers and digital devices from malware, worms, and advanced security threats. Digital security has been gaining prominence over the years because of the increase in incidences of hacking. Since traditional defense mechanisms are not able to address complex and sophisticated threats efficiently, many organizations have considered adopting digital security solutions to actively manage and reduce security risks.

The implementation of digital security solutions in the retail sector will increase during the forecast period. With advances in technology, retail point-of-sale transactions are being targeted the most by cyber criminals and hackers. The public networks used by consumers for retail point-of-sale transactions over their mobile devices are prone to cyber attacks. Wireless networks are increasingly used for online shopping and to improve in-store customer experience.

According to the report, the growing number of connected devices in organizations is driving the demand for digital security. With the increase in the number of connected devices, it is difficult for organizations to monitor, manage, and maintain data traversing through wired and wireless networks. The need for digital security solutions is increasing among organizations in order to maintain data confidentiality and enhance the security of data that is transmitted from one device to another.

Further, the report states that the high deployment cost of digital security software is a major challenge faced by the market. 

Key vendors:

  • Cisco Systems, Inc.
  • Gemalto N.V.
  • McAfee, Inc.
  • Symantec Corp.
  • trendsMicro Inc.

Key Topics Covered: 

PART 01: Executive summary 

PART 02: Scope of the report 

PART 03: Market research methodology 

PART 04: Introduction

PART 05: Market description 

PART 06: Market landscape 

PART 07: Market segmentation by solutions 

PART 08: Geographical segmentation 

PART 09: Buying criteria 

PART 10: Market drivers 

PART 11: Impact of drivers 

PART 12: Market challenges 

PART 13: Impact of drivers and challenges 

PART 14: Market trends 

PART 15: Five forces model 

PART 16: Key vendor analysis 

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SOURCE Research and Markets