Global Security Software in Telecom Market Can Expect a Valuation of $8,923.8 Mn by 2027: MRFR

Pune, India, April 2021 /MRFR Press Release/- Market Research Future has published a cooked research report on the global Security Software in Telecom market.

Security Software Telecom Market Overview

The security software in telecom market is anticipated to witness healthy growth from 2019 to 2025, a research report suggests. Growing at a CAGR of 11.9%, the market is projected to reach US$8,923.5 million by 2025. The increasing cloud services is expected to support the market growth along with rise in the uptake of cloud data storage. As predicted by analysts, high initial investments will negatively affect the market’s performance from 2019 to 2025. During the forecast period, the market will be supported by a rise in disposable income and the availability of many untapped opportunities.

High deployment costs of the software on the other hand will challenge telecom security sector based organizations functioning in the global security software in telecom market. Analysts have split the market into deployment modes, organization size, security types, and components segments based on products and services. Telecom security based companies have been profiled. The low demand from developing countries is set to affect the global market during the forecast period 2019 to 2025. The report also provides the market’s performance forecasts till 2025. Analysts have studied the strategy of telecom security segment based organizations to help new entrants and established businesses. The telecom security sector itself is supported by the growth of communication channels as well as the increasing demand from various industry verticals. During the forecast period 2019 to 2025, the security software in telecom market is set to witness a health growth across deployment modes, organization size, security types, and components segments as well as regional markets.

Market Segmentation

The telecom security sector has seen growth across deployment modes, organization size, security types, and components segments owing to the growing application areas and the increasing preference of consumers. To study the market, analysts have further segmented deployment modes, organization size, security types, and components into solutions and services on the basis of components. The market is further segmented into security sub segment which is split into application security, cloud security, endpoint security, network security, and others. Additionally, the security software in telecom market on the basis of deployment is segmented into on premise and cloud. The market is further segmented into organization size sub segment which is split into government, large enterprises, and small & medium enterprises (SMEs).

The segmental analysis presented in the report provides telecom security field based organizations insights into key growth factors such as the surging usage across different industries as well as challenges such as the lack of investments in R&D the market will face from 2019 to 2025. Growing cyber-attacks on telecom networks and the rising industrialization are some of the key factors having an influence on telecom security industry based companies, suggest analysts as per the security software in telecom market report. But the report also identifies low research and development budgets and the growing penetration of alternatives in the market as major threats companies in telecom security will face till 2025. 

Regional Overview

Telecom security market based companies in the security software in telecom market are functioning across North America, Europe, Asia Pacific, the Middle East, and Africa including the rest of the world. Rising digitization and cloud-based platforms will be a key growth driver for regional markets. However, the lack of demand from developing countries will turn out to be a threat. For the forecast period 2019 to 2025 each of these regional markets are studied in the report. Starting from North America, the regional market and telecom security vertical based companies are spread across the United States, Canada, and Mexico.

The lack of developed infrastructure will turn out to be a major challenge from 2019 to 2025. Parts of the European market covered in the report are regional markets spread across the United Kingdom, France, Italy, and Germany. The market in the region will be benefitted by rising usages of mobile and IoT devices as well as the changing social behavior, suggests the report. Similarly, the telecom security sector’s segmental analysis for the Asia Pacific region covers India, Japan, China, and others. For the rest of the world, the research report for the security software in telecom markets covers the Middle East and Africa. Forecast based on the report’s findings are presented for the forecast period till 2025.

Competitive Landscape

The global security software in telecom market research report brings a comprehensive study of deployment modes, organization size, security types, and components market segments, regional analysis, and telecom security vertical based company details of key players. As the forecast period 2019 to 2025 will bring new opportunities for the market owing to the increasing spending power of consumers and favorable policies across regional markets, the market is set to grow at a compound annual growth rate of 11.9% and is predicted to reach a value of US$8,923.5 million by 2025. With SWOT analysis of telecom security sector based companies and Porter’s Five Force model analysis based findings, and understanding challenges such as the lack of awareness and high initial investments , companies in the telecom security sector can change the way business is done.

Industry News

IBM has agreed to buy technology firm Trusteer and is planning to open a cybersecurity tech lab in Israel. The proposed acquisition's financial terms were not disclosed. Trusteer is a supplier of endpoint cybercrime protection solutions and software with offices in Boston and Tel Aviv, and clients include some of the world's largest banks in the United States, Canada, and Australia. IBM will acquire expertise in security as a service offered across the cloud, counter-fraud and advanced persistent threat defence, and secure mobile transactions as a result of the acquisition, according to IBM.