Data protection is vital across sectors and stringent regulatory guidelines are there in place for the same. Various global agencies such as General Data Protection Regulation (GDPR) in EU (European Union), Convention on Cyber Security and Personal Data protection across Africa Union, and Ibero-American Data Protection Network (RIPD) in Latin America are working tirelessly to protect privacy as well as enterprise data.
The article cited AMA's "Global Security Software in Telecom Market Study" explored CAGR of %. According to the report, Adoption of SaaS-Based Security Solution is one of the primary growth factors for the market. Rapid Digitization and Increasing Number of Data Breach Incidents
is also expected to contribute significantly to the Security Software in Telecom market. Overall, SMEs
applications of Security Software in Telecom, and the growing awareness of them, is what makes this segment of the industry important to its overall growth. The Services, such as Professional Services (Risk Assessment, Design & Implementation, Support & Maintenance, Others), is boosting the Security Software in Telecom market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.The Security, such as Network Security, is boosting the Security Software in Telecom market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.The Deployment Model, such as On-Premise, is boosting the Security Software in Telecom market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.The Solution, such as Identity & Access Management (IAM), is boosting the Security Software in Telecom market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
AMAs Analyst on the Global Security Software in Telecom market identified that the demand is rising in many different parts of the world as "Growing Number of Telecom Service Providers
". Furthermore, some recent industry insights like "In Jan 2021, Dell Technologies, SK Telecom, and VMware are collaborating to develop OneBox MEC, a single box approach that provides enterprises with an integrated, private 5G and edge computing platform., and In Nov 2020, IBM has announced the launch of IBM Cloud for Telecommunications – an open, hybrid cloud architecture designed to help telecommunications providers address the challenges of the industry." is constantly making the industry dynamic.
The report provides an in-depth analysis and forecast about the industry covering the following key features: o Industry outlook including current and future market trends, drivers, restraints, and emerging technologies o Analyses the Global Security Software in Telecom market according to Type, Application, and regions o Analyzes the top 10 players in terms of market reach, business strategy, and business focus o Provides stakeholders insights and key drivers & trends of the market
**The market is valued based on weighted average selling price (WASP) and includes any applicable taxes on manufacturers. All currency conversions used in the creation of this report have been calculated using constant annual average 2018 currency rates.
Market Size Estimation In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the Security Software in Telecom market and other related sub-markets covered in the study.
o Key & emerging players in the market have been observed through secondary research. o The industrys supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes. o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
Data Triangulation The overall Security Software in Telecom market size is calculated using market estimation process, the Security Software in Telecom market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the Global Security Software in Telecom market size has been validated using both top-down and bottom-up approaches.