What is Security Software in Telecom Market?
Security software in the telecom industry is being driven by the increasing complexity and variety of cyber threats, as well as the growing number of endpoints that need safety as a result of increased mobility, remote work, and other factors. Telecom companies are in for an exciting and challenging time. On the one side, the industry is experiencing significant changes, resulting in new business prospects and value streams. An increased presence of new assets (such as IoT devices) and increased pressure on old communication protocols, on the other hand, expand the security perimeter that every telco must create. Finally, to protect networks from the telecom industry's pervasive cybersecurity threats, a change from reactive to proactive protection is needed. All of this leads to the market's expansion.
The market study is being classified by Type (Solutions and Services), by Application (SMEs, Large Enterprises and Government Organizations) and major geographies with country level break-up.
IBM Corporation (United States), Dell Inc (United States), Symantec Corporation (United States), Trend Micro (Japan), McAfee (United States), Check Point (United States), CyberArk (Israel), Oracle Corporation (United States), Imperva (United States), F-Secure (Finland), Qualys (United States), HP Enterprise Development LP (United States), Forcepoint (United States), FireEye (United States), Fortinet (United States), Microsoft Corporation (United States) and Amazon Web Services (United States) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are Proofpoint (United States), Palo Alto Networks (United States), F5 Networks (United States), Rapid7 (United States), Juniper Networks (United States), Sophos (United Kingdom) and Splunk (United States).
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies.
Segment Analysis
Analyst at AMA have segmented the market study of Global Security Software in Telecom market by Type, Application and Region.
On the basis of geography, the market of Security Software in Telecom has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Rapid Digitization and Increasing Number of Data Breach Incidents
- Rise in the Uptake of Cloud Data Storage and Cloud Services in Organizations
Market Trend
- Adoption of SaaS-Based Security Solution
Restraints
- High Deployment Costs of the Software
Opportunities
- Growing Number of Telecom Service Providers
- Advances in Security Technologies
Challenges
- Insufficient Infrastructure to Implement Advanced Technology
Market Leaders and some development strategies
In Jan 2021, Akamai announced a new partnership with Smart Home Services pioneer Plume®. The partnership gives Akamai's entire global customer network, sales, and go-to-market teams immediate access to Plume's services platform to accelerate the deployment of new and highly personalized Smart Home Services for broadband subscribers.
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.
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.
Key Target Audience
IT Service Providers and Distributors, Cyber Security Vendors, Telecom Security Vendors, Government Bodies and Departments, Cloud Service Providers, System Integrators and Technology Consultant