World Internet Security Market is Estimated to Reach $46.5 Billion By 2021 - Huge Demand for Internet Security Software

Feb 19, 2016, 07:10 ET from Research and Markets

DUBLIN, Feb. 19, 2016 /PRNewswire/ --

Research and Markets (http://www.researchandmarkets.com/research/prf8ds/world_internet) has announced the addition of the "World Internet Security Market - Opportunities and Forecast, 2014 - 2020" report to their offering.

The world Internet security market is expected to garner $46.5 billion by 2021, registering a CAGR of 8.4% from 2016 to 2021. The market is driven by the huge demand for Internet security software solutions due to the increasing number of cyber-attacks and the adoption of cloud-based Internet security systems.

The world Internet security market is segmented into product & services, technology, application, and geography. Based on product & services, the market is segmented into software, hardware, and services. In 2015, the software security solutions segment accounted for around 74.8% of the overall revenue, owing to the widespread adoption of these software solutions among individual & corporate users. However, industry leaders, such as Intel, HP, and Symantec, have heavily invested to develop cloud-based security solutions. Therefore, services segment is expected to grow at the highest CAGR of 23.6% during the forecast period.

Based on technology, the report segments the market into authentication, access control technology, content filtering technology, and cryptography (encryption) technology. Authentication technology segment dominated the market in 2015, accounting for more than 40% market share. Authentication technologies are used in single sign-on like password-based logins as well as complex systems, such as tokens, public-key certificates, and even biometrics.

Based on applications, the market is segmented into BFSI, retail, IT & telecommunications, government, manufacturing, education, aerospace, defense & intelligence, and others. In 2015, BFSI was the highest revenue-generating segment in terms of revenue. The education sector is expected to grow rapidly, registering a CAGR of 14.3% during the forecast period.

Companies Mentioned:

  • CISCO Systems, Inc.
  • Dell (SonicWall, Inc.)
  • Google Incorporation
  • Hewlett Packard (HP) Company
  • Intel Corporation (McAfee, Inc.)
  • International Business Machine (IBM) Corporation
  • Kaspersky Lab
  • Microsoft Corporation
  • Symantec Corporation
  • Trend Micro

Key Topics Covered:

CHAPTER 1 - Introduction

CHAPTER 2 - Executive Summary

CHAPTER 3 - Market Overview

CHAPTER 4 - Market by Products and Services

CHAPTER 5 - Market by Technology

CHAPTER 6 - Market by Application

CHAPTER 7 - Geographic Analysis

CHAPTER 8 - Company Profiles

For more information visit http://www.researchandmarkets.com/research/prf8ds/world_internet

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SOURCE Research and Markets



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