Online Threats to increase the demand for Internet Security Market

20 Nov
2014

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Allied Market Research Published a report titled “Global Internet Security Market - Size, Industry Analysis, Trends, Opportunities, Growth and Forecast, 2013 – 2020.” The report forecast the market to attain a value of $42.8 billion by 2020 with a CAGR of 8.1% during 2014 – 2020. The market is currently dominated by software solution, however during the forecast period, cloud based system would experience a higher growth.

The risk of viruses have increased with a higher adoption of internet application in sectors such as retail, IT & telecommunications, government, BFSI, manufacturing and others. Internet threats such as botnets, unethical-hacking, malware, distributed denial of services (DDoS), spams, viruses, spyware would touch a mark of $1 trillion. Aforementioned reasons helps the internet security market to grow rapidly.

'Malvertising' through advertisement and third party links found on web-pages were raised at an International Security Conference held at Europe. Hence, increasing demand for an enhanced internet security would push the market towards increased growth rate.

Around 80% of the overall market revenue is contributed by Software security solutions. Due to innovating and investment by industry giants such as HP and Intel the managed services market would register an impressive CAGR of 28% during the analysis period. The adoption of security in educational institute would register a CAGR of 13.9% during the estimated. Asia Pacific would attain a value of $12.2 billion by the year 2020, at a CAGR of 10.9%

Key companies in the market are Intel, Symantec HP, IBM, Cisco, Microsoft, Kasperkay, and Dell.

Akhilesh Prabhugaonkar

Author's Bio- Akhilesh Prabhugaonkar holds a bachelor’s degree in Electronics Engineering from the reputed Vishwakarma Institute of Technology. He has a special interest in the fields of forensics, world history, international relations and foreign policy, sports, agriculture, astronomy, security, and oceanography. An ardent bibliophile and melophile, Akhilesh loves to write on topics of his interest and various other societal issues. This love for writing made him enter the professional world of content writing and pursue his career in this direction.

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