Information security products and services market to grow by 15.93% Y-O-Y in 2023; Increase in the number of smart connected devices will drive growth - Technavio
NEW YORK, Feb. 6, 2023 /PRNewswire/ -- Information security products market insights -
Coverage: Parent market analysis; key drivers, major trends, and challenges; customer and vendor landscape; vendor product insights and recent developments; key vendors; and market positioning of vendors
Segments: Deployment (On-premise and Cloud), Type (Hardware, Software, and Services), and Geography (North America, Europe, APAC, South America, and Middle East and Africa)
In 2017, the information security products and services market was valued at USD 87.56 billion. From a regional perspective, North America held the largest market share, valued at USD 33.60 billion. The information security products and services market size is estimated to grow by USD 242.25 bn from 2022 to 2027 at a CAGR of 17.36% according to Technavio.
Information security products and services market - Vendor Insights
The growing competition in the market is compelling vendors to adopt various growth strategies such as promotional activities and spending on advertisements to improve the visibility of their services. Technavio report analyzes the market's competitive landscape and offers information on several market vendors including ?
Check Point Software Technologies Ltd. - The company offers information security products and services solutions such as branch office virtual security gateway, DDoS protector, Edge, and Firewalls.
Cisco Systems Inc. - The company offers information security products and services solutions such as advanced malware protection, cloud security, email security, and endpoint security.
CrowdStrike Holdings Inc. - The company offers information security products and services solutions such as Falcon Pro, Falcon Enterprise, and Falcon Elite.
Dell Technologies Inc. - The company offers information security products and services solutions such as APEX cyber recovery services, and CloudIQ.
Information security products and services market ? Market Dynamics
Major Drivers ?
Advanced and sophisticated threats
Increased dependence on the Internet
Increase in the number of smart-connected devices
KEY Challenges ?
Complexity of network infrastructure
Need for high investments to meet information security requirements
The information security products and services market report provides critical information and factual data, with a qualitative and quantitative study of the market based on market drivers and limitations as well as future prospects.
What are the key data covered in this information security products and services market report?
CAGR of the market during the forecast period
Detailed information on factors that will drive the growth of the information security products and services market between 2023 and 2027
Precise estimation of the size of the information security products and services market size and its contribution to the market in focus on the parent market
Accurate predictions about upcoming trends and changes in consumer behavior
Growth of the information security products and services market industry across North America, Europe, APAC, South America, and Middle East and Africa
A thorough analysis of the market's competitive landscape and detailed information about vendors
Comprehensive analysis of factors that will challenge the growth of information security products and services market vendors
The wireless access point market is estimated to grow at a CAGR of 6% between 2022 and 2027. The size of the market is forecast to increase by USD 6,961.75 million. The increase in the development of smart cities is notably driving market growth, although factors such as latency issues may impede the market growth.
The thin client market is estimated to grow at a CAGR of 1.91% between 2022 and 2027. The size of the market is forecast to increase by USD 124.13 million. The cost reduction is notably driving the market growth, although factors such as the easy availability of various substitutes for thin client systems may impede the market growth.
Information Security Products And Services Market Scope
Report Coverage
Details
Page number
168
Base year
2022
Historic period
2017-2021
Forecast period
2023-2027
Growth momentum & CAGR
Accelerate at a CAGR of 17.36%
Market growth 2023-2027
USD 242.25 billion
Market structure
Fragmented
YoY growth 2022-2023 (%)
15.93
Regional analysis
North America, Europe, APAC, South America, and Middle East and Africa
Performing market contribution
North America at 35%
Key countries
US, China, Japan, UK, and Germany
Competitive landscape
Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks
Key companies profiled
Broadcom Inc., Check Point Software Technologies Ltd., Cisco Systems Inc., CrowdStrike Holdings Inc., Dell Technologies Inc., Fortinet Inc., Fujitsu Ltd., Hewlett Packard Enterprise Co., International Business Machines Corp., Juniper Networks Inc., LogRhythm Inc., McAfee LLC, Optiv Security Inc., Palo Alto Networks Inc., RSA Security LLC, Securonix, SonicWall Inc., TIBCO Software Inc., Trend Micro Inc., and VeraCore Software Solutions Inc.
Market dynamics
Parent market analysis, market growth inducers and obstacles, fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and market condition analysis for the forecast period.
Customization purview
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.
Table of contents:
1 Executive Summary
1.1 Market overview
Exhibit 01: Executive Summary ? Chart on Market Overview
Exhibit 02: Executive Summary ? Data Table on Market Overview
Exhibit 03: Executive Summary ? Chart on Global Market Characteristics
Exhibit 04: Executive Summary ? Chart on Market by Geography
Exhibit 05: Executive Summary ? Chart on Market Segmentation by Deployment
Exhibit 06: Executive Summary ? Chart on Market Segmentation by Type
Exhibit 07: Executive Summary ? Chart on Incremental Growth
Exhibit 08: Executive Summary ? Data Table on Incremental Growth
Exhibit 09: Executive Summary ? Chart on Vendor Market Positioning
2 Market Landscape
2.1 Market ecosystem
Exhibit 10: Parent market
Exhibit 11: Market Characteristics
3 Market Sizing
3.1 Market definition
Exhibit 12: Offerings of vendors included in the market definition
3.2 Market segment analysis
Exhibit 13: Market segments
3.3 Market size 2022
3.4 Market outlook: Forecast for 2022-2027
Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ billion)
Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ billion)
Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)
4 Historic Market Size
4.1 Global information security products and services market 2017 - 2021
Exhibit 18: Historic Market Size ? Data Table on Global information security products and services market 2017 - 2021 ($ billion)
Exhibit 146: International Business Machines Corp. - Overview
Exhibit 147: International Business Machines Corp. - Business segments
Exhibit 148: International Business Machines Corp. - Key news
Exhibit 149: International Business Machines Corp. - Key offerings
Exhibit 150: International Business Machines Corp. - Segment focus
12.12 Juniper Networks Inc.
Exhibit 151: Juniper Networks Inc. - Overview
Exhibit 152: Juniper Networks Inc. - Product / Service
Exhibit 153: Juniper Networks Inc. - Key offerings
12.13 LogRhythm Inc.
Exhibit 154: LogRhythm Inc. - Overview
Exhibit 155: LogRhythm Inc. - Product / Service
Exhibit 156: LogRhythm Inc. - Key offerings
12.14 McAfee LLC
Exhibit 157: McAfee LLC - Overview
Exhibit 158: McAfee LLC - Product / Service
Exhibit 159: McAfee LLC - Key news
Exhibit 160: McAfee LLC - Key offerings
12.15 Optiv Security Inc.
Exhibit 161: Optiv Security Inc. - Overview
Exhibit 162: Optiv Security Inc. - Product / Service
Exhibit 163: Optiv Security Inc. - Key offerings
12.16 Palo Alto Networks Inc.
Exhibit 164: Palo Alto Networks Inc. - Overview
Exhibit 165: Palo Alto Networks Inc. - Product / Service
Exhibit 166: Palo Alto Networks Inc. - Key news
Exhibit 167: Palo Alto Networks Inc. - Key offerings
12.17 Trend Micro Inc.
Exhibit 168: Trend Micro Inc. - Overview
Exhibit 169: Trend Micro Inc. - Product / Service
Exhibit 170: Trend Micro Inc. - Key offerings
13 Appendix
13.1 Scope of the report
13.2 Inclusions and exclusions checklist
Exhibit 171: Inclusions checklist
Exhibit 172: Exclusions checklist
13.3 Currency conversion rates for US$
Exhibit 173: Currency conversion rates for US$
13.4 Research methodology
Exhibit 174: Research methodology
Exhibit 175: Validation techniques employed for market sizing
Exhibit 176: Information sources
13.5 List of abbreviations
Exhibit 177: List of abbreviations
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