Market Highlights
The global security software in telecom market has been segmented into network security 1, endpoint security, application security, and cloud security. Security vulnerabilities can arise from unaddressed software flaws, and telecom networks are as susceptible to this as any other kind of network. Cybersecurity threats to telecom environments can take many forms, including malware, phishing attacks, ransomware, and social engineering. Businesses that use telecom services and networks must therefore ensure that their security measures are up to date and able to detect and respond to security threats effectively. Providers of security software in telecom can help telecom companies and their customers to secure their networks against known and emerging threats.
Global Security Software in Telecom Market touch an approximate valuation of USD 15.45 Billion by 2030, registering around 11.42% CAGR during the assessment period 2020-2030.
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Security Software in Telecom Market – Geographical Analysis
North America dominates the global security software in telecom market. The largest market share attributes to the increase in deployment of IoT and the availability of internet-enabled solutions and cloud services. The augmenting demand due to rising numbers of telecom networks and infrastructures in the region drives market growth, offering a favorable platform for cloud security.
Moreover, vast advances in security technologies and the spurring rise in telecom industries substantiate the regional market growth, creating a substantial demand for security solutions. The US and Canada stimulate the demand for security software, experiencing high cyberattacks in the telecom sector.
Europe stands second in the global security software in telecom market. The market growth is driven by the rapidly developing telecom networks in the region. Additionally, growing industries in the region create substantial market demand and advances in security solutions and cloud technology.
Furthermore, faster implementation of advanced technologies and the well-established infrastructure in the region push the market growth, posing cybersecurity challenges. Simultaneously, increasing numbers of cyber-attacks in the telecom industry propel the development of the market.
The security software in telecom market in the Asia Pacific region is growing briskly. Factors such as the rapid digitization coupled with the advancements in IoT and cloud computing technologies in this region. Furthermore, increasing numbers of cyber-attacks in the telecom sector in the region substantiate market growth. Similarly, stringent government regulations to control increasing cyber-attacks on mobile networks create huge market demand.
Security Software in Telecom Market – Competitive Landscape
Highly competitive, the security software in telecom market appears to be fragmented, with many well-established players forming a competitive landscape. These players incorporate strategic approaches such as mergers & acquisitions, collaboration, expansion and, product & technology launch to gain a substantially larger competitive share.
They make substantial investments to drive R&D activities and expand their global footprints. Telecom security software companies strive to develop advanced technologies entirely on a different level.
Major Players:
Players active in the global telecom security software market are IBM Corporation (US), Symantec Corporation (US), Dell Inc (US), McAfee (US), Oracle Corporation (US), Check Point (US), CyberArk (Israel), Qualys (US), Imperva (US), Amazon Web Services (US), HP Enterprise Development LP (US), F-Secure (Finland), FireEye (US), Fortinet (US), Forcepoint (US), and Trend Micro (Japan) Inc., among others.
Industry/Innovation/ Related News:
October 27, 2020 ---- Akamai Technologies, Inc. (the US), a global content delivery network, cybersecurity, and cloud service company, announced the acquisition of Ireland-based telecom security platform Asavie to advances 5G & IoT security strategy. Akamai intends to expand its ability to protect enterprise mobile and cellular devices in an increasingly 'office anywhere' environment.
The addition of Asavie would help Akamai to address enterprise and mid-market customer demand for IoT and mobile device security and management services. In addition to impending large-scale 5G and IoT deployments, the acquisition would support the growing demand for better network security for employees working from home due to the Covid-19 crises.
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Security Software in Telecom Market Research Report: Information by Component [Solution (Identity and Access Management (IAM), Risk and Compliance Management, Encryption, Data Loss Prevention (DLP), Unified Threat Management, Security Information and Event Management (SIEM), Distributed Denial of Service Mitigation (DDoS) and Firewall) and Services (Managed Services and Professional Services)], Deployment Mode (Cloud and On-Premise), Security Type (Network Security, Endpoint Security, Application Security and Cloud Security) and Region [North America (the US, Canada, Mexico), Europe (Germany, the UK, France, Italy, Spain and Rest of Europe), Asia-Pacific (China, Japan, India and the Rest of Asia-Pacific), the Middle East & Africa and South America] - Forecast till 2030
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