WiseGuyReports.Com Publish a New Market Research Report On –“ Information Security Products and Services 2019 Global Market Expected to Grow at CAGR 7.18% and Forecast to 2022”.
Pune, India - September 13, 2019 /MarketersMedia/ —
Information Security Products and Services Industry 2019
Description:-
In the era of advancement of technology, the security of the system is of vital importance. Where on the one hand, technology has developed, cyber-attacks and threats have compromised the security. Thus, it is necessary for individuals as well as for companies and organizations to secure the computer network and devices from such cyber attack.
Cybercrime is a potential threat to any system. The intruder may be a stranger or a person who may be an employee of the organization. As information is most valuable considering Industrial growth, compromise with computer security poses a serious threat to any organization in terms of its growth and profitability. It is, therefore, necessary that the data has to be filtered, encrypted, and not all the information should be made available to every person. Considering the work bifurcation, a person shall be allowed access only to the data, which enables him to perform his job. Trade secrets, clientele database, and financial data are key information which shall be kept secure and away from the knowledge of employees. Data theft may lead to an adverse effect on companies growth and profitability. Thus, compromising in keeping the computer system and device safe can pose to be a hindrance.
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Key Players
• CA Technologies
• Cisco Systems
• Hewlett Packard Enterprise Development
• IBM
• Symantec
• Trend Micro
Today, when major cyber-attacks and scams take place in Banking, IT, Financial, Telecom, and Defense Industries, it pervades an economy. Hence, it is of vital importance for governance and stable economy that the Cyber Infrastructure, i.e., public or private, shall be secure. Key challenges to IT or Cyber Security system is the cost and expertise required. Thus, it becomes challenging, especially for small enterprises, to incur the cost.
Information security products and services involve the use of software, hardware, and other such services related to data and system protection. It is used to identify, monitor, and prevent any attack, malware, data theft, malfunction, misuse, or harm to the system. Thus, Cyber Security products have become important for any organization. Such tools are used to prevent misuse or harm to the computer system.
Segments
Small, medium and large industries require Information Security products and services. The Market Segment as per service can be bifurcated into consulting service, implementation service, operational service, education, and training. Based on products, the market is divided into hardware and software. Industries such as IT, Banking, Financial Service, Defense, Telecom, Healthcare, Automotive, and others.
Regional Analysis
Cyber Security is the need of the hour, and all developed, and developing countries are required to develop smart and secure Infrastructure. The market for Information security products and Services is majorly concentrated globally in the regions such as the Middle East, Africa, Asia Pacific, Europe, South America, and North America.
Market Growth
The advanced threat to technological advancement and cyberinfrastructure will increase the sale of information security products and services. The Information Security Products and Services Market is expected to grow at a CAGR of 11%. The Information Security Products and Services Market is expected to reach 241 billion USD by 2025.
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Source: MarketersMedia
Release ID: 88918589
