SMB Security Spending in North America, 2019-2024: Trends by Security Category, Business Size and Routes to Market

DUBLIN, March 5, 2020 /PRNewswire/ -- The "The SMB Security Spending in North America: Trends and Forecasts 2019-2024" report has been added to ResearchAndMarkets.com's offering.

This report provides cyber-security spending forecasts for the small and medium-sized business (SMB) market in North America. It quantifies the opportunity for security vendors and service providers in 7 key security categories and 20 sub-categories.

This report provides:

• SMB spending forecasts for 7 different high-level security categories and 20 sub-categories for 2019-2024
• a comparison of the revenue growth for cloud and on-premises security solutions
• an outlook for security spending across businesses with varying numbers of employees
• security revenue forecasts split by routes to market: channel partners (CPs), managed service providers (MSPs), service providers (SPs), system integrators (SIs), direct market resellers (DMRs)/retail and directly from security vendors.

Spending Categories

Endpoint security:

• encryption (on-premises)
• secure content management (on-premises)
• web/messaging security (cloud + on-premises)

Mobile security:

• mobile application management (cloud + on-premises)
• mobile device management (cloud + on-premises)

Network security:

• firewall (on-premises)
• identity and access management (cloud + on-premises)
• intrusion detection/prevention (on-premises)
• other security and vulnerability management
• security information and event management (cloud + on-premises)

Security hardware:

• dedicated security appliances
• unified threat management appliances

Cloud security:

• hosted security software

Product support services:

• security support

Remotely managed IT services security:

• remotely managed security services

Who Should Read this Report?

• Security vendors that want to identify key areas for revenue growth, both in terms of enterprise segments and individual services.
• Security vendors are considering targeting the SMB market.
• Third-party service providers (such as MSPs and operators) that are seeking partnerships with security vendors.

Key Topics Covered

1. Executive summary

2. Worldwide trends

• Worldwide security spending: SMBs in North America accounted for almost a third of the total SMB spend on cyber-security solutions worldwide in 2019

3. Trends by security category

• Security overview: the rising appetite for cloud security, mobile security and remotely managed security services will drive growth in SMB security spending
• Endpoint and network security: a quarter of SMBs' security spending is on endpoint and network solutions, and cloud-based versions are driving spending growth
• Mobile security: increasingly complex mobile infrastructure is fuelling double-digit growth rates for mobile security spending
• Security hardware and software: cloud security is the fastest-growing category, driven by the migration of an increasing share of business processes to the cloud
• Security management: managed security spending is projected to double between 2019 and 2024, driven by a shift towards more-proactive security management

4. Trends by business size

• Firm size: the adoption of new security solutions is driving SB spending, while MBs' complex infrastructure and workforce growth make them attractive to vendors
• Firm size and spending category: SB security spending will grow faster than that for MBs due to a stronger forecast for new adoption in key sectors

5. Trends by routes to market

• Security channels: SMBs' security spending is shifting from traditional channels to MSPs
• Deployment method: the cloud share of security spending growth will outpace that for on-premises solutions

For more information about this report visit https://www.researchandmarkets.com/r/7o3to

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Research and Markets
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SOURCE Research and Markets

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