Internet Security Market Have Witnessed Economic Boom in The Past Decades| Top Key players such as - Microsoft Corporation, Kaspersky Labs and Dell.

According to the report published by Allied Market Research, The Internet Security Market Have Witnessed Economic Boom in The Past Decades| Top Key players such as - Microsoft Corporation, Kaspersky Labs and Dell. These players have adopted different strategies such as new product launches, collaborations, expansion, joint ventures, agreements, and others to increase their market share and maintain dominant shares in different regions.

The major factors driving the internet security market are increased internet usage due to advances in wireless communication technology, internet security offered over cloud services, strict government regulations and increase in online financial activities. Internet security solution finds its application into various industries namely banking financial services and institutions, retail, Telecommunication & IT, Government, manufacturing sector, education, defense, aerospace & intelligence and others.

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The global 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.

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The Asia-Pacific region is forecast to be the most lucrative market, both in terms of size and growth Internet security services would witness the fastest growth over the forecast period Favorable regulations & policies along with proactive e-commerce & e-governance initiatives have fostered the growth of the Internet security market. Market players have adopted product launch, partnership, and acquisitions as their key strategies to improve their market foothold and enhance their product portfolio. The prominent companies profiled in this report include Symantec Corporation, Intel Corporation, Hewlett Packard (HP) Company, Cisco Systems Inc., IBM Corporation, Microsoft Corporation, Kaspersky Labs, and Dell Inc.

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Impact of COVID-19 on Internet Security Market:

• The growth of the internet security market is expected to increase during the Covid-19 pandemic outbreak. The incidence of cyber-attack in all industries has been increased during the lockdown. Therefore, the adoption of the internet security services and software has been increased in all industries.

• Moreover, work from home facility has been provided in all possible industries and the all organizations are very much conscious about the data and the credentials of files during this pandemic. Therefore, provide the secure and safe network to the employees in work from home facility, the demand for internet security services has been increased.

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