Be the first to like this
Market research analysts at Technavio predict that the global internet security market will grow steadily at a CAGR of close to 9% by 2021. This market research analysis identifies the increasing number of advanced and sophisticated threats as one of the primary growth factors for this market. With the rapidly changing IT infrastructure, attackers have discovered novel ways of stealing valuable information and disrupting businesses by breaching the perimeter of security walls and cyber-attacks are becoming increasingly advanced and sophisticated targeting people, networks, and devices. Mobile devices are becoming the most preferred device for web browsing, e-mailing, making online purchases, accessing social media, and downloading apps. They have become potential targets of cyber-attacks because they are increasingly being used by enterprises and consumers to perform personal and business tasks. Therefore, the increase in the number of cyber-attacks increases the level of awareness among organizations about the different security risks, which is compelling them to adopt security information and event management (SIEM) solutions.
The convergence of technologies is one of the latest trends that will gain traction in the internet security market in the coming years. The increasing need to protect networks from advanced cyber threats has induced companies around the globe to adopt multiple security solutions such as web security, e-mail security, data loss prevention, endpoint security, and network security solutions. To overcome the challenges in the complexity of the IT infrastructure, companies will opt for converged security solutions, a combination of multiple security solutions.