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According to the digital security market 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.Complete report on digital security market spread across 60 pages, analyzing 5 major companies and providing 21 data exhibits is now available at http://www.reportsnreports.com/reports/523284-global-digital-security-market-2016-2020.html.
The global digital security market an analyst said 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.
This report covers the present scenario and the growth prospects of the global digital security market for 2016-2020. The report presents the vendor landscape and a corresponding detailed analysis of the top five vendors operating in the market based on revenue, technology, geographical presence, and end-users.
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Segmentation by Solutions and Analysis of the Digital Security Market - Threat intelligence and analytics, End-point security, Content security gateways, Cloud security, E-mail encryption and M2M network security
During 2015, the threat intelligence and analytics segment dominated the market and accounted for more than 42% of the market share. The increasing number of cyber-attacks in the last few years is expected to drive the growth of this digital security market segment. Moreover, the increase in the use of desktops, laptops, and printers in organizations has exposed them to more incidences of hacking and insider threat, thereby leading to the increasing adoption of threat intelligence and analytics solutions among organizations.
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Geographical Segmentation and Analysis of the Digital Security Market – APAC, Europe, MEA, North America and South America
During 2015, North America dominated the global digital security market and accounted a market share of more than 43%. The analysts have estimated factors such as the presence of many large organizations and global financial institutions in the region and increasing incidences of cyber-attacks and malware is expected to impel this market’s growth in North America.
The global digital security market is highly competitive and is characterized by the presence of well-established international and regional players. As international players are increasing their foothold in the market, regional vendors are finding it difficult to compete with them. The competition is expected to intensify with vendors adopting new technologies and an increasing number of M&A transactions.
Key players in the global digital security market: Cisco Systems, Inc., Gemalto N.V., McAfee, Inc., Symantec Corp., and Trend Micro Inc.
Other prominent vendors in the market are: Barracuda Networks, Check Point Software Technologies, CipherCloud, Digital Guardian, Entrust, Juniper Networks, NetComm Wireless, Sophos, Trustwave, and Webroot.
Further, the digital security market report states that the high deployment cost of digital security software is a major challenge faced by the market.
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Release ID: 110941
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