Increasing Cyber Attacks to Drive IT Security Market

by: RNCOS E-Services Pvt. Ltd.

Rapidly increasing cyber attacks on the government’s websites and enterprises’ websites has made it necessary for them to have an updated and strong IT security infrastructure to secure their vital information from both malicious cyber attacks and attackers. Cyber attacks cost losses worth millions of dollars to companies, and therefore, they are left with no other option except to have a secure and updated IT security infrastructure. Owing to this, our research report “Global IT Security Market Forecast to 2013”, says that the global IT security market will grow at a CAGR of 12% during 2010-2013. Our research report provides a detail analysis of the IT security market along with the factors that are driving IT security market.

At the regional front, our report indicates that the Asia-Pacific and the Middle East regions will experience significant growth in their IT security market in coming years. This growth will be driven by the rapidly growing internet adoption and surging demand for IT-enabled business solutions in countries like, India, China, and the GCC region. In this regard, we have covered a regional level analysis of the market. The report also presents future forecast of each country’s IT security industry studied under different regions.

The segment-level analysis reveals that IT security software market holds the major chunk in total IT security market. However, in coming years, major growth driver for the total IT security market will be the IT security services segment. To support this evidence, our study provides detail analysis of the global market in terms of IT security appliances, IT security software, and IT security services. Each section briefly explains the current and future market trends of the global IT security market.

We have also found that the IT security market is facing some challenges critical to the success of the industry. Our report has also discussed other restraints with recommendations on tackling these challenges. We have also covered a business overview of key industry players along with their strengths and weaknesses.

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