Security Software in Telecom Market
Security Software in Telecom refers to software solutions specifically designed to secure telecommunications networks against cyber threats and attacks. This includes network security solutions, which protect against unauthorized access, malware, and other cyber threats that can compromise the integrity and confidentiality of sensitive data transmitted over telecommunications networks.
Global Security Software in Telecom Market Size touch an approximate valuation of USD 15.45 Billion by 2030, registering around 11.42% CAGR during the assessment period [2020-2030].
Endpoint security solutions are also commonly used in the telecom industry to protect against cyber threats targeting user devices such as smartphones, laptops and tablets. They provide protection from malware and other cyber threats that target user devices through phishing attacks, malicious downloads and other methods of exploitation.
Other security software solutions used in the telecom industry include application security and data security solutions, which protect against cyber threats targeting specific applications and data being transmitted over the network.
With the increasing dependence of businesses and individuals on telecommunications networks to carry out various operations, the need for robust security software in telecom to protect against cyber threats has become more crucial than ever.
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Segmentation:
By component, the security software in the telecom market is classified into solutions and services.
By solution, the security software in the telecom market is segmented into 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, firewall, and others.
By services, the market is categorized into professional services (risk assessment, design and implementation, support and maintenance, and others) and managed services.
By security, the market is segmented into network security, endpoint security, application security, cloud security, and others.
By deployment, the market is segmented into the cloud and on-premise.
By end-user, the market is segmented into large enterprises, small and medium enterprises (SMEs), and government.
Regional Analysis
The global security software in the telecom market has segmented into Asia-Pacific, North America, Europe, the Middle East Africa, and South America.
North America is estimated to dominate the security software in the telecom market. It has also been anticipated that it will retain the market during the forecast period. The advent of new technology and adaptation to it has led to considerable growth in the market. The rise in the deployment of IoT and the existence of internet-enabled solutions and cloud services have led to significant exposure to global security software in the telecom market. Canada and the US are facing a higher number of cyberattacks in the telecom sectors, which is one of the most significant reasons which increases the demand for security software.
Asia-Pacific is estimated to be the fastest-growing telecom market during the forecast period. With fast digitization, along with the developments in IoT and cloud computing has created a higher risk of cyber-attacks and security breaches. It resulted in a higher demand for global security software in the telecom market. It has encouraged the service providers to develop security solutions efficiently for the telecom operators. Countries like India, Japan, and China are growing at a faster pace, and hence, they contribute to the expansion of the market in the APAC region. Moreover, the increasing cyber-crime and strict government rules and regulations are speculated to increase the demand, thereby growing the market in the APAC region.
Key Players
The prominent players of the global security software in telecom market are Symantec Corporation (US), IBM Corporation (US), Palo Alto Networks (US), Dell Inc (US), McAfee (US), and Trend Micro (Japan) Inc. are few of the most eminent players who contributed about 40% of the market share in 2018.
Other players like Check Point (US), Splunk (US), Amazon Web Services (US), Imperva (US), Qualys (US), F-Secure (Finland), HP Enterprise Development LP (US), FireEye (US), Oracle Corporation (US), Forcepoint (US), Fortinet (US), Microsoft Corporation (US), Proofpoint (US), F5 Networks (US), CyberArk (Israel), Sophos (UK), Juniper Networks (US), and, FireEye (US) have also played a key role and have secured position on the global security software in telecom market.
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Global 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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