Global Next-generation Security Solutions Market 2018-2022

Global next-generation security solutions market overview

Numerous organizations are focusing on achieving economies of scale and improve the operational efficiency through consolidation of IT infrastructures such as data centers and networking systems. This drives the implementation of advanced IT service delivery models such as managed and shared IT services. The next-generation security solutions market research analysis report identifies that the rising trend for IT consolidation and modernization will be one of the major factors that will have a positive impact on the growth of the market. The adoption of IT services is high due to the rising demand for IT modernizations in various industries such as the telecom and healthcare sectors. The preference for IT solutions such as cloud computing and analytics is also increasing due to the changing business dynamics. The growth in IT consolidation is resulting in an increased data vulnerability. This in turn, will boost the need for next-generation security solutions including the internet security software. Technavio’s market research analysts predict that next-generation security solutions market size will grow steadily and register a CAGR of more than 12% by 2022.

The application of mobile devices for professional and personal purposes is increasing in North America. This is driving the need for data and computer protection and next generation security solutions. This is driving the need for next generation security solutions in the region. Owing to the high incidents of frauds in organizations and mass-level data breach, the adoption of next-generation security solutions will increase in the Americas.

Competitive landscape and key vendors

The next generation security solutions market is highly fragmented. The vendors in the next generation endpoint security market are classified as category-focused, diversified, industry-focused, and pureplay. Category-focused vendors are increasingly focusing on providing their services, solutions and products to the end-users in the IT security segment. Diversified vendors of the next generation endpoint security market are offering their products and services to various business verticals and industries.

Key vendors in this market are -

• Cisco Systems
• CheckPoint Software technologies
• Symantec
• Palo Alto Networks

The other prominent vendors in the market are McAfee, Juniper Networks, Fortinet, Sophos, HPE, SecureLink, Citrix Systems, Kaspersky Lab, WatchGuard Technologies, Dell, Huawei Technologies, F-Secure, Voyager Networks, Barracuda Networks, IBM, Microsoft, CA Technologies, Trend Micro, FireEye, and RSA Security.

Segmentation by deployment and analysis of the next-generation security solutions market

• On-premises
• Cloud based

The popularity of on-premises next-generation security solutions is increasing since they offer advanced security by shielding an organization’s internal PCs from the online world. With the rising focus of SMEs in the banking, financial services, and insurance (BFSI) on security over cost-effectiveness, the preference for on-premises next-generation security will increase in the comiung years.

Segmentation by end-user and analysis of the next-generation security solutions market

• Large enterprises
• SMEs
• Government organizations

The need to prevent data breaches through e-mails and confidentiality of data on the cloud are the major challenges faced by large enterprises. The adoption of next-generation security solutions is increasing among companies operating in the BFSI, IT, and manufacturing sectors because they are more vulnerable to data attacks and theft. This will positively influence the growth of this next generation endpoint security market in the coming years.

Key questions answered in the report include

• What will the next-generation security solutions market dynamics and size, and the growth rate be in 2022?
• What are the key factors driving the global next-generation security solutions market?
• What are the key market trends impacting the growth of the global next-generation security solutions market?
• What are the challenges to market growth?
• Who are the key vendors in the global next-generation security solutions market?
• What are the market opportunities and threats faced by the vendors in the global next-generation security solutions market?
• What are the trending factors influencing the market shares of the Americas, APAC, and EMEA?
• What are the key outcomes of the five forces analysis of the global next-generation security solutions market?

Technavio also offers customization on reports based on specific client requirement.