Security Software in Telecom Market Research Report - Global Forecast till 2030

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) - Foreca

ID: MRFR/ICT/5496-CR | August 2019 | Region: Global | 101 Pages         

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Security Software in Telecom Market

Global Security Software in Telecom Market touch an approximate valuation of USD 15.45 Billion by 2030, registering around 11.42% CAGR during the assessment period [2020-2030].
Market Size
CAGR
Dominating Region
Forecast Period
$15.45 Billion
11.42%
Asia Pacific
2020-2030
Segmentation
By Security Type
By Deployment Mode
  • Network Security
  • Endpoint Security
  • Application Security
  • Cloud Security
  • Cloud
  • On-Premise
Companies Profiled
Key Players
IBM Corporation (US)
Dell Inc (US)
Symantec Corporation (US)
Trend Micro (Japan)
Check Point (US)
CyberArk (Israel)
Oracle Corporation (US)
Imperva (US)
F-Secure (Finland)
Qualys (US)
HP Enterprise Development LP (US)
Forcepoint (US)
FireEye (US)
Fortinet (US)
Microsoft Corporation (US)
Amazon Web Services (US)
Market Driving Forces
Drivers
Rising usages of mobile and IoT devices
Need for highly efficient security solution
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Market Overview


Global Security Software in Telecom Market stood at USD 3,599.4 Million in 2018 and can touch an approximate valuation of USD 15.45 Billion by 2030, registering around 11.42% CAGR during the assessment period (2020 to 2030). 


The expansion of LTE networks has enabled the telecom industry to provide seamless connectivity, expanding their networks across the rural, remote, and urban areas. However, this network expansion has also increased the number of cyberattacks in the telecom industry. 


Additionally, increasing internet penetration, growing broadband adoption, and rising need for data services create substantial security software in telecom market demand. DDoS attacks have increased by 19% over the last two years, precisely from the second half of 2018, and continued to grow during the second half of 2019 and in 2020 as well.


COVID-19 Analysis


The COVID-19 outbreak has positively impacted the already-competitive security software in telecom market. Factors such as the economical setback, including many lost jobs, downward discretionary income, and the massive leap people took to make a living online contribute to the market upend. With increasing transformations in the IT & telecom industry and digital transformation of the economy itself, the cybersecurity risk is rising across industry verticals. 


Simultaneously, main concerns associated with decentralized security, more bandwidth strain on current security monitoring, building security by design into the IoT device manufacturing, and the need for suitable encryption at each stage of digital transactions are working favorably for the security software in telecom market. The demand for telecom security software is expected to pick up further following the uplift of the lockdown.


Market Dynamics 


Drivers


Increasing Cloud Services Create Favorable Market Environment


There is a significant rise in the uptake of cloud data storage and cloud services in organizations. Growing cyber-attacks on telecom networks and cloud data create substantial market demand. Additionally, rising usages of mobile and IoT devices accelerates the market growth. Furthermore, the availability of sustainable enterprise solutions and the increase in data breach incidents promotes the need for established secure networks. 


Opportunities


Rising Digitization and Cloud-Based Platforms 


Businesses & enterprises worldwide are growing and increasing in numbers, which increases their need for telecom and internet services. Resultantly, telecom companies implement security software in their systems, which, as a result, are projected to offer significant opportunities for the market. 


Moreover, the proliferation of SaaS and cloud-based platforms would escalate market growth. Furthermore, rising innovations and digital transformation in organizations are estimated to offer vast growth opportunities for security software in the telecom market.


Restraints & Challenges


High Initial Investments to Restrain Market Growth


High deployment costs of the software are major factors anticipated to restrain the ongoing market growth, affecting market sales. Besides, the increasing development of inexpensive security solutions and insufficient infrastructure to implement IPV6 technology are major factors projected to act as a headwind for the growth of security software in telecom market.


Segment Overview 


Global Security Software in Telecom Market is segmented into Components, Security Types, Deployment Modes, Organization Size, and Region.


Solution is the Larger Component Segment


The component segment is sub-segmented into solutions and services. The solution segment is sub-segmented into identity & access management (IAM), risk & compliance management, data loss prevention (DLP), encryption, unified threat management, security information & event management (SIEM), firewall, distributed denial of service mitigation (DDoS), and others. 


The services segment is divided into professional and managed services. The professional services segment is further bifurcated into risk assessment, design & implementation, support & maintenance, and others. The solution segment accounts for the larger market size, whereas the services segment accounts for a higher growth rate. 


Security Type Segmentation


The security type segment is sub-segmented into network security, endpoint security, application security, cloud security, and others.


On-Premise is the Larger Deployment Segment


The deployment segment is sub-segmented into on-premise and cloud. The on-premise segment holds a larger market share, whereas the cloud segment accounts for a higher growth rate. In 2018, the deployment segment derived around 54% share of the market. Simultaneously, the cloud segment is expected to grow at an 11.3% CAGR during the forecast period. 


SMEs is the Larger End User Segment


The end user segment is sub-segmented into large enterprises, small & medium enterprises (SMEs), and government. Among these, the large enterprise segment accounts for the largest market share, whereas the SMEs segment accounts for a higher growth rate. The SME segment is likely to grow at a 15.2% CAGR during 2019–2025.


North America is the Largest Regional Segment 


By region, the market is bifurcated into the Americas (US, Canada, Mexico, Rest-of-North America) and South America, Europe (the UK, Germany, France, Italy, and Rest-of-Europe), Asia Pacific (China, Japan, India, South Korea, and Rest-of-the-APAC), and Rest-of-the-World. Among these, North America accounts for the largest market share, followed by Europe and the APAC region, respectively.


Regional Analysis


North America Leads the Global Security software in telecom Market Growth


North America has always been the largest player in the global security software in telecom market. The region reached a market valuation of USD 1162.9 million in 2018. The North American security software in telecom market is predicted to register a market valuation of USD 2886.7 million by 2025, with a 12.2 % CAGR during the forecast period. 


Factors such as the increase in IoT deployments and the availability of internet-enabled solutions and cloud services in the region boost the security software in telecom market size. The US and Canada experience high-profiled cyberattacks in the telecom sector, which is a major reason stimulating the demand for security software.


Europe Seizes Second Highest Security software in telecom Market Share 


Europe holds the second-leading share in the global security software in telecom market, giving tough competition to the North American market. With its infrastructural advantage, the region is expected to register a market value of USD 2706 million by 2025, with a 14.6% CAGR during the forecast period.


Factors such as the growing number of telecom service providers and advances in security technologies foster security software in telecom market in Europe. Countries like the UK, Germany, France, and Italy account for notable shares in the regional market. 


APAC Holds a Sizable Share in Global Market 


Asia Pacific accounts for a sizable share in the global security software in telecom market. Emerging economies hold all the prospects of the security software in telecom market. The Asia Pacific security software in telecom market is projected to reach a valuation of USD 1651, 7 million by 2025, registering a 15.5% CAGR during the forecast period.


Factors such as the rapid digitization along with the advancements in IoT and cloud computing technologies in this region drive the market growth, posing the possibility of vulnerability to cyber-attacks. Furthermore, the increasing severity of cyberattacks and stringent government regulations are anticipated to foster APAC’s security software in telecom market share.


Competitive Landscape


Players Focus on Product Development & Expansion


The market appears extremely competitive due to the strong presence of well-established market players. They seek opportunities to integrate across the extensive value chain while focusing on R&D investments, production facility expansion, and M&A activities to gain impetus. New players enter the market with aggressive pricing to undercut the established providers and gain footholds in international markets. 


CyberArk is a US-based information security company offering Privileged Account Security. CyberArk’s technology is utilized primarily in the financial services, retail, energy, healthcare, and government markets. CyberArk is a leader in privileged access management (PCM), a critical IT security layer to protect data, infrastructure, and assets across the enterprises, in the cloud, and throughout the DevOps pipeline.


List of Key Companies


IBM Corporation (US), Dell Inc (US), Symantec Corporation (US), Trend Micro (Japan) Inc. McAfee (US), Check Point (US), CyberArk (Israel), Oracle Corporation (US), Imperva (US), F-Secure (Finland), Qualys (US), HP Enterprise Development LP (US), Forcepoint (US), FireEye (US), Fortinet (US), Microsoft Corporation (US), Amazon Web Services (US), Proofpoint (US), Palo Alto Networks (US), F5 Networks (US), Rapid7 (US), Juniper Networks (US), Sophos (UK), and Splunk (US) are some of the affluent contenders holding sizeable security software in telecom market share. 


Recent Developments


Jan. 28, 2021 – SK Telecom, Dell Technologies, and VMware announced their partnership to develop OneBox MEC, an integrated multi-access edge computing solution. The new software is designed to provide more secure and reliable access to data at edge locations. 


The OneBox MEC would use the Dell EMC PowerEdge XE2420 server for data-intensive, low-latency edge services to deliver the performance, availability, and security required for CSPs to build their portfolio of private 5G and edge solutions.


Jan. 27, 2021 – Akamai, a leading global provider of the content delivery network (CDN), and Plume, a leading Wi-Fi software provider, announced their partnership to offer smart-home and smart-business services, including security. The joint offering would give Akamai and Plume access to each other’s customers as well as sales and marketing teams.


Nov. 05, 2020 – IBM launched its cloud for telecoms and an impressive posse of partners. The IBM Cloud for Telecommunications is an open, hybrid cloud architecture designed to help telecommunication providers address specific challenges of the highly-regulated industry. The cloud for telecoms platform would accelerate business transformation, enhance digital client engagement, improved agility as they modernize their enterprise applications and infrastructure to unlock the power of 5G and edge.


Report Overview 


The security software in telecom market analysis features unique and relevant factors expected to significantly impact the market growth during the forecast period. The detailed security software in telecom market forecast would help industry players understanding the market better. The MRFR report elaborates on the historical and current trends boosting the open-source security software in telecom industry. 


Additionally, the analysis of COVID-19 impact on the security software in telecom market is also included in the report. Regional assessment in this report unlocks several untapped opportunities in regional and international markets. Detailed company profiling enables users to evaluate company shares, scope of the existing & emerging product lines in new markets, pricing strategies, innovation possibilities, and much more.


Segmentation Table


Component



  • Solutions

  • Services


Solution



  • Identity & Access Management (IAM)

  • Risk & Compliance Management

  • Encryption

  • Data Loss Prevention (DLP)

  • Unified Threat Management

  • Security Information

  • Event Management (SIEM)

  • Distributed Denial of Service Mitigation (DDoS)

  • Firewall

  • Others


Services




  • Professional Services

    • Risk Assessment

    • Design & Implementation

    • Support & Maintenance

    • Others



  • Managed Services


Security Type



  • Network Security

  • Endpoint Security

  • Application Security

  • Cloud Security

  • Others


Deployment Type



  • On-Premise

  • Cloud


End-User



  • Large Enterprises

  • Small & Medium Enterprises (SMEs)

  • Government


Region 



  • North America

  • Europe

  • Asia Pacific

  • Rest of the World (RoW)



Report Scope:

Report Attribute/Metric Details
  Market Size   USD 15.45 Billion
  CAGR   CAGR 11.42%
  Base Year   2019
  Forecast Period   2020-2030
  Historical Data   2018
  Forecast Units   Value (USD Billion)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   Component, Services
  Geographies Covered   North America, Europe, Asia-Pacific
  Key Vendors   IBM Corporation (US) Dell Inc (US) Symantec Corporation (US) Trend Micro (Japan) Check Point (US) CyberArk (Israel) Oracle Corporation (US) Imperva (US) F-Secure (Finland) Qualys (US) HP Enterprise Development LP (US) Forcepoint (US) FireEye (US) Fortinet (US) Microsoft Corporation (US) Amazon Web Services (US)
  Key Market Opportunities   Rising Digitization and Cloud-Based Platforms
  Key Market Drivers   Increasing Cloud Services Create Favorable Market Environment


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Frequently Asked Questions (FAQ) :

The security software in telecom market can thrive at 11.42% CAGR by 2030.

The security software in telecom market can value at USD 15.45 Billion by 2030.

In 2018, the security software in telecom market valued at 3,599.4 Mn.

IBM Corporation (US), Symantec Corporation (US), Dell Inc (US), and McAfee (US) are some reputed names in the security software in telecom market.

The North America security software in telecom market poised to achieve high valuation by 2025.