Internet Security Market Chief Industry Participants Include IBM Corporation, Hewlett Packard Enterprise, McAfee LLC, Trend Micro, Inc., Symantec Corporation, Cisco Systems, Inc., Palo Alto Networks

Internet security is a branch of computer security that is related to the protection of computer systems from numerous security threats such as viruses, malware, worms, Trojan horses, and others via Internet. Internet security also involves security of browsers and networks. Browser security is used to protect networked data and computer systems, whereas network security comprises policies and practices that are used to prevent and monitor unauthorized access, misuse or denial of a computer network.

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Driving factors for growth of the Internet Security Market

Increasing usage of Internet globally is a major factor driving growth of the internet security market. This is due to rapid expansion in wireless communication technology across numerous verticals. For instance, according to report by Coherent Market Insights, the number of internet users across the world were around 3.38 billion and 3.25 billion in 2016 and 2015, respectively.

Growing cyber-attacks that causes damage to organization’s data and can result in loss of revenue is a primary driver boosting adoption of internet security solutions across aforementioned verticals. For instance, according to report by Academy and Industry Research Collaboration Center (AIRCC), in the U.S., the number of web attacks in 2015 increased by 36% with over 4,500 new attacks each day in comparison with the previous year. Moreover, increasing adoption of advanced technologies such as IoT (Internet of Things), cloud computing, and BYOD (Bring Your Own Device) has significantly impacted adoption of internet security in the recent past. Adoption of cloud computing has witnessed a significant increase, due to various features such as high scalability, operational efficiency, and cost effectiveness.

Regional Analysis of Internet Security Market

North America and Europe are dominant regions in the global internet security market in 2017. This is owing to high presence of leading manufacturers and solution providers of internet security systems in the regions of North America and Europe. For example, Symantec Corporation, Cyber Ark Software Ltd., and Sophos Ltd. are the major players in the market of internet security.

Asia Pacific has been witnessing considerable growth in the internet security market since the recent past, owing to increasing number of mobile phone internet users in countries such as India, China, and Indonesia. For instance, according to report by Internet Assigned Number Authority (IANA), in China, 97.1% of the mobile phone users accessed the internet from their mobile phone in 2017, which was 95% in 2016. Furthermore, high investment made by private industries in development of internet security, to prevent agile software and avoid further losses of companies is another factor expected to aid in growth of the market in the region.

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Key players in Internet Security Market

Key players operating in the internet security market include IBM Corporation, Hewlett Packard Enterprise, McAfee LLC, Trend Micro, Inc., Symantec Corporation, Cisco Systems, Inc., Palo Alto Networks, Inc., Dell EMC, Fortinet, Inc., Sophos Ltd., Rapid7, Inc., CyberArk Software Ltd., Splunk, Inc., and Imperva, Inc.

Segmentation of Internet Security Market

Internet security market is segmented on the basis of solutions, services, security type, deployment mode, organization size, application, and region
On the basis of solution

• Data Loss Prevention (DLP)
• Distributed Denial of Service Mitigation
• Intrusion Detection System/Intrusion Prevention System (Ids/Ips)
• Firewall
• Security and Vulnerability Management
• Anti-virus/Anti malware
• Identity and Access Management (IAM)
• Encryption
• Security Information and Event Management
• Disaster Recovery
• Unified Threat Management
• Risk and Compliance Management

On the basis of services

• Professional Services
• Design and Integration
• Risk and Threat Assessment
• Consulting
• Support and Maintenance
• Training and Education
• Managed Services

On the basis of security type

• Application Security
• Network Security
• Content Security
• Wireless Security
• Cloud Security
• Endpoint Security

On the basis of deployment mode

• On-premises
• Cloud

On the basis of organization size

• Large Enterprises
• Small and Medium-sized Enterprises

On the basis of application

• Manufacturing
• Government
• Energy and Utilities
• Healthcare
• Aerospace and Defense
• Retail
• Banking, Financial Services and Insurance (BFSI)
• IT and Telecom
• Public Utilities
• Military

On the basis of region

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East
• Africa

About Coherent Market Insights:
Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.

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This release was published on openPR.