ID: MRFR/ICT/4122-HCR | February 2021 | Region: Global | 100 pages
The security system integration is the consolidation of various security types in network, application, endpoint security, web security, and many more. With the rise of cloud services in different verticals, such as government, aerospace & defense, banking & financial services, IT & Telecom and others. These sectors are experiencing higher adoption due to factors such as growing complexities in the network due to on-premise deployment of third party services, increasing trend of IoT and BYOD in various large enterprises who are trying to improve their efficiency and productivity. The government sector along with the public sector integration of IT infrastructure is expected to grow at a fast rate due to increasing number of cyber threats and attacks.
Although the on-premise deployment of security system is more secure and reduce the risk of cyber threats, there is a more adoption and deployment of cloud services. In the U.K, the cloud adoption rate has reached nearly 85%, including the security system integration. Also, the pricing strategy of the cloud is more flexible than of on-premise, and hence becomes a prime factor for the small enterprises to adopt these services easily.
On the basis of type, the market is segmented into application security, endpoint security, network security, data security, and others
On the basis of organization size, the market is segmented into small and medium enterprises, and large enterprises.
On the basis of vertical, the market is segmented into energy, retail, banking, manufacturing, hospitality, government, IT & telecom, aerospace and defense and others.
On the basis of region, the market is segmented into North America, Europe, Asia Pacific and rest of the world.
The geographical analysis of the security system integrator market is done intensively for regions namely North America, Europe, Asia Pacific and rest of the world. Of all the regions, North America has held the largest market share in the past and is estimated continue its dominance by the end of forecast period. North America is a technologically advanced region with a lot of enterprises plying their services. As the IT sector is highly dominant in countries like the U.S., there is a strong need of security system integrators in terms of security. Many enterprises and government agencies are moving their services, data, and processes to the cloud which is resulting in additional risk of data loss and security.
Europe, on the other hand, is closely following North America in terms of growth rate. The major factor in the growth rate of Europe is the strict government regulation and policies regarding data transmission. However, Asia Pacific, at present is slowly adopting these services and has occupied the third spot in the market. This growth is expected to increase, by the mid of the forecast period, due to more adoption of cloud services and development in IT infrastructure.
Global Security System Integrators Market, USD Billion
Source: MRFR Analysis
Some of the key players in the security system integrators market comprise Setronics Corporation (U.S.), Cisco Systems, Inc. (U.S.), FireEye, Inc. (U.S.), Hewlett Packard Enterprise Development LP (U.S.), International Business Machines Corporation (U.S.), McAfee, LLC (U.S.), Accenture BCR (Ireland), Cognizant Technology Solutions Corporation (U.S.), Deloitte Touche Tohmatsu Limited (U.S.), HCL Technologies Limited (India), Wipro Limited (India), CIPHER Security LLC (U.S.), Integrity360 (Ireland), Vandis, Inc. (U.S.), Anchor Technologies, Inc. (U.S.), and Innovative Solutions Co (Saudi Arabia).
Other vendors include Symantec Corporation (U.S.), Palo Alto Networks, Inc. (U.S.), Sophos Group Plc (U.K), Check Point Software Technologies Ltd (Israel), RSA Security LLC (U.S.), Kaspersky Lab (Russia), Carbon Black, Inc (U.S.), F-Secure Corporation (Finland), Veracode, Inc. (U.S.), WhiteHat Security (U.S.), Akamai Technologies, Inc (U.S.) and others.
The prominent players constantly keep innovating and investing in research and development in order to present a cost-effective portfolio. The enterprises have been going through various key developments including mergers and acquisitions among the key players, enabling the business entities to strengthen their current outreach to their customers.
Frequently Asked Questions (FAQ) :
It is the government, aerospace & defense, banking & financial services, IT & Telecom sectors that are benefitting the market to a great extent
The impactful factors such as growing complexities in the network, swelling trend of IoT and BYOD in various large enterprises who are trying to improve their efficiency and productivity are influencing the market growth.
Application security, endpoint security, network security, and data security are the key segments of the market.
The geographical analysis of the security system integrator market indicates key regions of Asia Pacific, Europe, North America, and the rest of the world at the forefront.
The major factor impacting the growth of Europe is directed towards strict government regulation and policies regarding data transmission, in terms of market share.