Industry Background:
Alterations in security standards, strict government regulations, and rapid adoption of newer technology are propelling the global telecom cybersecurity solution market. Organizations are demanding advanced security solutions to enable effective preventive systems to all the computing equipment in the network. Furthermore, deployment of security process applications and background authentication is increasing due to the augmenting utilization of network-based applications.
Attributes | Details |
---|
Study Period | 2017-2027 |
Base Year | 2021 |
High Growth Market | Asia Pacific |
Unit | Value (USD Million) |
Key Companies Profiled | McAfee Inc. (United States), Symantec Corporation (United States), Check Point Software Technologies Ltd. (Isreal), IBM Corp. (United States), Panda Security (Sapin), LG Telecom (South Korea), Kaspersky Lab ZAO (Russia), AVG Technologies (Czech Republic), CA Technologies (United States) and Cisco Systems Inc. (United States) |
This growth is primarily driven by The Increasing cyber intrusions and The increasing complexities in cybersecurity threats.
Globally, a noticeable market trend is evident The growing adoption of bringing your own device (BYOD) model
The Telecom Services sector in the North America region has been increasing at a sustainable rate, and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Players, such as McAfee Inc. (United States), Symantec Corporation (United States), Check Point Software Technologies Ltd. (Isreal), IBM Corp. (United States), Panda Security (Sapin), LG Telecom (South Korea), Kaspersky Lab ZAO (Russia), AVG Technologies (Czech Republic), CA Technologies (United States) and Cisco Systems Inc. (United States), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
On 7th January 2020, Accenture has agreed to acquire Symantec’s Cyber Security Services business from Broadcom, Inc. Financial terms were not disclosed. The acquisition will make Accenture Security one of the leading providers of managed security services, further enhancing its ability to help companies rapidly anticipate, detect, and respond to cyber threats.
On 25th February 2018, McAfee has announced the expansion of its strategic partnership with Türk Telekom by launching Türk Telekom Total Protection, delivering security protection across multiple and varying devices.
Influencing Trend:
The growing adoption of bringing your own device (BYOD) model and The rising number of mobile workers in companies
Market Growth Drivers:
The Increasing cyber intrusions and The increasing complexities in cybersecurity threats
Restraints:
Technological Complexities associated with Telecom Cyber Security Solution
Opportunities:
The Growing demand for cloud-based solutions
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Players landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints in Telecom Cyber Security Solution Market
- Analysis about New Entrants in Telecom Cyber Security Solution Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
- An Unbiased Perspective towards Market Performance & Indicators
Against this Challenging Backdrop, Telecom Cyber Security Solution Study Sheds Light on
The Telecom Cyber Security Solution Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Telecom Cyber Security Solution industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Telecom Cyber Security Solution industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.