Pune, India, June 2020, MRFR Press Release/- Market Research Future has published a Half-Cooked Research Report on the Global Multi-layer Security Market.
Market Research Future takes into account the impact of the novel COVID-19 pandemic on the Multi-layer Security market 2020. It offers a clear assessment of the projected market fluctuations during the forecast period (2018–2023). Various factors are likely to impact the overall dynamics of the Multi-layer Security market with a high CAGR in the same forecasted period.
Top Grossing Factors
Coronavirus pandemic has forced many companies in the Multi-layer Security market to halt their business operations to abide by the new government rulings. Such a pause in operations is directly impacting the revenue flow of the Multi-layer Security market, globally. The Multi-layer Security market has been covering substantial growth rates with considerable CAGR for the last couple of decades. According to the report studied by MRFR, the Multi-layer Security market is expected to develop more vigorously amid the long-term impact of COVID-19. It would last positively in the forecast period by influencing the global economic structure with a higher revenue share.
The Multi-layer Security market holds the potential to impact its peers and parent Multi-layer Security market as the growth rate of the market is being accelerated by significant factors such as rising product demand, budding disposable incomes, raw material affluence, innovative products, and changing consumption technologies.
In fact, the swelling advancement in the network automation and upsurge in the adoption of cloud-based services has endorsed the demand for a secure approach that uses different levels of security in a network. This permits various IT service providers to manage and accomplish an efficient service portfolio for customers by reducing the probability of cyber-attack or data breach. These factors have positively impacted the market growth all through the years and would be continuing in the forecast period.
Furthermore, the significant benefit of utilizing multi-layer security solutions is to create a back-up at each level of the security additionally. These solutions can be functional at the network layer, application layer, and even a client’s or customer’s side. Each layer works individually over a specific threat and also covers up the security gaps at the previous level. Various types of security layers that can be used in a network include email security, web protection, firewalls, anti-virus, privacy controls, anti-spam, and more. These solutions ensure the safety of the data and subsequently monitor the transfer of information. All these factors are making the market more robust, thus prepared for double expansion in the approaching years.
Segmentation of Market
The study by MRFR also digs some segmentation of the global Multi-layer Security market, which has been done through type, component, deployment, and end-user.
Depending on the type, the market splits into detective security, proactive security, and reactive security.
Depending on the component, the market is bifurcated into solutions and services. The solution segment has been more categorized into DNS protection, endpoint protection, web protection, enterprise security, email protection, cloud security, DLP protection, and others. In the last, the service segment is bifurcated into professional services and managed services.
Depending on the deployment segment, the market is bifurcated into on-premise deployment and cloud.
Depending on end-user, the market has included military & defense, BFSI, government, IT & telecommunication, healthcare, media & entertainment, and others.
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The global Multi-layer Security market, regionally, has been studied for the regions of the Americas, Asia Pacific, Europe, and the Rest of the World.
North American region is expected to escort the multi-layer security market during the forecast period in support of cyber breaches, increased zero-day attacks, and increased need for efficient security solutions factors. In the US, the numbers of IT-based companies are escalating. Subsequently, the adoption of cloud service adoption, internet-based processes, and network virtualization has further improved the need for multi-level security. Even various end-use verticals across diverse domains are shifting their business and work operations to the cloud. Multi-level security thereby assists these enterprises with stopping the attacks at the network level, application level, and end-use level.
The region of Europe is the second commanding region in the multi-layer security market. As Europe is a technically advanced and well-established region, most of the companies and industries are adopting traditional measures for achieving multi-layer security. Europe has a rich concentration of foremost players that provide multi-layer security, and thereby adds in the revenue generated from the region.
On the other hand, the Asia-Pacific region is the fastest-growing region with augmented investment in technology by the government and rapid urbanization. Various government initiatives have allowed multi-national companies to set-up their branches and facilities in Asia, leading to digitization.
In the last, the Rest of the World region for the multi-layer security market covers The Middle East & Africa and Latin America region. Among these, the Middle East is likely to gain a high market share in the multi-layer security market in the coming years owing to changing security structure in the region.
Top Giant Players
The giant players in the multi-layer security market are identified as Gemalto NV (France), SolarWinds MSP (Scotland), AT&T Inc. (US), Fortinet Inc. (US), Oracle Corporation (US), Blue Solutions Limited (England), McAfee LLC (US), Symantec Corporation (US), and Cisco Systems Inc. (US).