LONDON--(BUSINESS WIRE)--Technavio has published a new industry analysis report on the security services market, which is expected to grow at a CAGR of 10% from 2015-2019.
Security Services: About the Report
According to the new Technavio report, the high dependence on internet is expected to influence the market during the forecast period. The rise in internet penetration has led to increased involvement in day-to-day activities and critical operations on the internet, including sharing personal information, social networking and financial transactions.
“Though online methods have benefits compared with traditional methods, they come with high security risks. Therefore, end-users are adopting security services to protect their data,” says Faisal Ghaus, Vice President of Technavio.
The market survey done by Technavio also emphasizes increasing demand for cloud based security solutions. Cloud-based solutions are cost-effective, compliant with PCI DSS, and offer round-the-clock system monitoring, and demand for these systems is expected to contribute to the growth of the overall security services market during the forecast period.
Market Scope and Calculation of Market Size
In the new report, Technavio covers the present scenario and the growth prospects of the global security services market from 2015-2019. To calculate the market size, the report considers revenue generated from sales of the following components:
- Managed security services
- Security consulting services
- SaaS security services
- Threat intelligence security services
Key Information Covered in the Report:
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Key Vendors:
- CA Technologies Inc.
- Deloitte Touche Tohmatsu Ltd.
- Emc² Corp.
- IBM Corp.
- PwC LLP
- Symantec Corp.
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Market Growth Drivers:
- High Dependence on Internet
- For a full detailed list, view our report.
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Market Challenges:
- Availability of Inexpensive IT Security Solutions
- For a full detailed list, view our report.
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Market Trends:
- Increase in Demand for Cloud-based Security
- For a full detailed list, view our report.
Technavio currently has more than 3000 market research reports on a huge range of topics, including 100+ reports on the security market:
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