Market Highlights
The security software in telecom market is garnering significant traction across the globe . The market growth attributes to expanding telecom networks due to the seamless connectivity with the emergence of LTE networks . The telecom sector is growing by leaps and bound , spreading its networks across the urban , rural , and remote areas . Besides , the increasing internet penetration and growing broadband adoption drive the growth of the market . Moreover , the rising need for data services escalates market growth .
According to Market Research Future ( MRFR ), the
security software in telecom market size is poised to create a valuation of approximately USD 8,923.5 MN by 2025 , registering 11.9 % CAGR throughout the assessment period ( 2019 – 2025 ). Growing threats of cyber-attacks on telecom networks and cloud data create substantial market demand . Also , there is a significant rise in cloud services and confidential data stored on cloud storage of an organization .
Additionally , the spurting rise in usages of mobile and IoT devices accelerate the growth of the market . Furthermore , the availability of sustainable solutions for enterprises , alongside the increase in data breach incidents , promotes the need for established secure networks . Rising innovation and digital transformation in organizations increase market sales , leading to dramatic digital technologies and cloud computing developments . Moreover , the burgeoning IT & telecom sector contributes to the growth of the market .
Conversely , the presence of inexpensive security solutions and insufficient infrastructure to implement IPV6 technology are major factors projected to obstruct market growth . Nevertheless , advances in telecom security solutions would support market growth throughout the assessment period . Besides , the internet and smartphone penetration accelerates the market demand , increasing access to the cloud drive . Similarly , the increasing adoption of automation & IoT device usages foster the growth of the market .
Segmentation : The report is segmented into five dynamics ; By Component
: Solutions { identity & access management ( IAM ), risk & compliance management , encryption , data loss prevention ( DLP ), unified threat management , security information & event management ( SIEM ), distributed denial of service mitigation ( DDoS ), firewall , others } and Services { Professional Services ( risk assessment , design & implementation , support & maintenance , others ) and Managed Services }.
By Security Type Security , and others .
: Network Security , Endpoint Security , Application Security , Cloud
By Deployment Type : On-Premise and On-Cloud .
By End User others .
: Large Enterprises , Small and Medium Enterprises ( SMEs ), Government , and
By Regions : Americas , Europe , Asia Pacific , and the Rest-of-the-World . Security Software in Telecom Market – Geographical Analysis