Security Software in Telecom Market Trends, Growth, Regions and Forecast to 2025

Market Highlights

The Global Security Software in Telecom Market 2020 was valued at USD 3,599.4 million in 2018 and estimated to expand at a CAGR of 11.9% with a value of USD 8,923.5 million by 2025.

Due to the massive expansion of LTE networks, the customers have been experiencing seamless connectivity across the globe. It has given a significant opportunity to the telecom industries to expand their networks and penetrate in urban, rural, and remote areas. Furthermore, a perpetual increase in the usage of internet, increasing need demand for data services, and rising adoption broadband adoption are some of the critical drivers for the telecom industry. The development of networks has also resulted in a higher number of cyber-attacks in the telecom industry.

On the downside, the security software in telecom market revenue can plummet as companies are mostly opting for inexpensive software to increase their profit margins. However, in doing so, they are putting data under more risk. Industries can opt for the software as a service (SaaS) technique which provides a personalized solution, and this can take out the market from any long-time slumber.

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Regional Analysis

Geographically, the global security software in telecom market spans across North America, Europe, Asia Pacific (APAC), and Rest-of-the-World (RoW).

North America is currently leading the global market with a market worth of USD 1162.9 million in 2017. Their infrastructural superiority and market players operating from the region are giving the regional market an edge over the rest. The market can reach a valuation of USD 2886.7 million with a 12.2 % CAGR during the forecast period.

Europe, with infrastructural advantage, is giving steep competition to the North American market. Its market value can go up to USD 2706 million with a CAGR of 14.6% during the forecast period. The APAC market is showing great promises. Emerging economies hold all the prospect of the security software in telecom market. The regional market can earn the fastest CAGR of 15.5% during the forecast period to reach a valuation of USD 1651,7 million by 2025.

Key Players

The prominent players of the global security software in telecom market are Symantec Corporation (US), IBM Corporation (US), Palo Alto Networks (US), Dell Inc (US), McAfee (US), and Trend Micro (Japan) Inc. are few of the most eminent players who contributed about 40% of the market share in 2018.

Other players like Check Point (US), Splunk (US), Amazon Web Services (US), Imperva (US), Qualys (US), F-Secure (Finland), HP Enterprise Development LP (US), FireEye (US), Oracle Corporation (US),  Forcepoint (US), Fortinet (US), Microsoft Corporation (US), Proofpoint (US), F5 Networks (US),  CyberArk (Israel), Sophos (UK), Juniper Networks (US), and, FireEye (US) have also played a key role and have secured position on the global security software in telecom market.

Segmentation:

By component, the security software in the telecom market is classified into solutions and services.

By solution, the security software in the telecom market is segmented into identity and access management (IAM), risk and compliance management, encryption, data loss prevention (DLP), unified threat management, security information and event management (SIEM), distributed denial of service mitigation, firewall, and others.

By services, the market is categorized into professional services (risk assessment, design and implementation, support and maintenance, and others) and managed services.

By security, the market is segmented into network security, endpoint security, application security, cloud security, and others.

By deployment, the market is segmented into the cloud and on-premise.

By end-user, the market is segmented into large enterprises, small and medium enterprises (SMEs), and government.

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