Telecom Endpoint Security Market: Quantitative Market Analysis, Current and Future Trends
Several companies are spending their resources on different technologies to analyze vulnerabilities, test software, secure internet protocols, and improve capabilities of connected devices. Furthermore, deployment of security process applications and background authentication is increasing due to the augmenting utilization of network-based applications.
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Increasing cyber intrusions, increasing complexities in cyber security threats, adoption of bring your own device (BYOD) model, and rising number of mobile workers in companies are envisioned to expand the global market for telecom endpoint security. Industry verticals such as education, life sciences, energy and utilities, telecommunication, manufacturing, consumer goods, retail, government, insurance, finance services, business, healthcare, and information technology (IT) are demanding for effective security solutions. The information technology sector dominates the market in terms of value.
The technology of cloud storage allows organizations to store data at one place, which is accessible using the internet using any device such smartphone, tablet, or PC. This is motivating companies to adopt cloud storage, which is increasing the need for cloud-based security solutions.
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As the data is stored at a single place, the threat from data breaches has increased, which is expected to help the global telecom endpoint security market grow further. Companies such as Trend Micro Incorporated, Intel Security Inc., F-Secure, IBM Corporation, ESET, Bitdefender, Cisco, Sophos Ltd, Symantec Corporation, Panda Security SL, Kaspersky Labs, and Microsoft Corporation are continuously developing security solutions to minimize the rising cyber threat.
Telecom security solutions are gaining traction among organizations mainly due to two reasons, firstly to provide advanced prevention and secondly to provide advanced detection and response time to all computing equipment in network. An endpoint device refers to an Internet-capable computing device such as desktop computers, smartphones, laptops, tablets, and other specialized computer hardware such as point of sale (POS) terminals and smart meters.
A policy-based approach is recommended for network security, wherein the endpoint devices need to comply with specific criteria before they receive access to network resources. The introduction of strict mandates to safeguard network security of organizations will lead the global telecom endpoint security market to display significant growth over the forecast period, says a recent market study by Transparency Market Research.
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The research report studies the growth trends, market indicators, and technological developments that will have a bearing on the growth of the global telecom endpoint security market for the 2016-2024 period. The report analyzes the various aspects of the market to present the growth trajectory of the market during the forecast period.
The report is presented after collecting data from primary and secondary sources and receiving valuable inputs from opinion leaders. The report analyzes the current competitive structure of the telecom endpoint security market and the changing competitive hierarchy until the end of the forecast period in 224. The report is presented in a chapter-wise layout, which is further divided into sections. The report contains an array of tables and graphical representations for depicting the growth trajectory of the market both textually and pictorially.
The rapid adoption of newer technology, strict government regulations, and alterations in security standards are some of the major factors driving the global telecom endpoint security market. The rising number of mobile workers in companies, the introduction of bring your own device (BYOD) model and increasing complexities in cyber security threats and intrusions are some other factors driving the market.
The increasing practice of utilization of network-based applications, which necessitates the deployment of background authentication and security process applications. However, the growth of the telecom endpoint security market is hampered due to certain factors. This includes data thefts, rising malware and spam ware attacks, and increasing cyber-attacks.
Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. We have an experienced team of Analysts, Researchers, and Consultants, who us e proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.
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