In a recent published report, Kenneth Research has updated the market report for Internet Security Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.
U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Internet Security Market products.
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Moreover, the median health expenditure per capita recorded in the high-income, upper-middle income, and low & lower-middle income countries, recorded to be over USD 2,000, USD 400, and USD 100 respectively. Additionally, in the same year, the spending on health in high-income countries and in the low- and middle-income countries comprised approximately 8.2% and 6.3% of the GDP respectively.
“Final Report will add the analysis of the impact of COVID-19 on this industry.”
Global Internet Security Market is estimated to reach $64.9 billion by 2025; growing at a CAGR of 8.8% from 2017 to 2025. Internet has been used for sharing information, data, and applications, among others on a high level around the world. With the high use of the Internet, cyber threats are being detected around the globe and that has high effect on systems functionality as well as business operations. Internet security solutions find usage to guard the computing systems, as well as confirm faultless implementation of activities. Various technologies used for internet security includes cryptography, authentication, access control, and content filtering. With the high number of people using internet every day across the globe through email, World Wide Web, VoIP and many other services, the risk of internet security is increasing. Factors like decreasing cost of internet attacks, growing cloud computing, and strict government rules are expected to boost the growth of the internet security market during the forecast period.
Increase in cloud computing, increased internet usage due to wireless communication, policies and regulations, and rise in online transactions are the factors driving the growth of the internet security market. However, usage of pirated products, and lack of awareness may hinder the growth of the market. Moreover, e-commerce and e-governance activities, managed security services over the cloud, and explosive rise in newer viruses and attacks might provide with several growth opportunities in the forecasted years.
The global internet security market is segmented on the basis of product and service, technology, application, and geography. The internet security market is segmented by product and service as software, hardware, and services. Further, the market is segmented by technology as authentication, access control, content filtering, and cryptography. Application includes BFSI, retail, manufacturing, IT & telecommunication, education, government, aerospace, defense & intelligence, and other applications.
Based on geography, global internet security market is segmented into North America, Europe, Asia-Pacific, and Rest of the World (RoW). North America is further bifurcated into U.S., Canada, and Mexico whereas Europe segment consist of UK, Russia, Germany, Netherlands, France, and Rest of Europe. Asia-Pacific is segmented into China, India, Japan, Australia, Singapore, and Rest of Asia-Pacific while RoW is bifurcated into South America, Middle East, and Africa.
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The key market players include Symantec Corporation, Intel Corporation, Cisco Systems, Inc., IBM Corporation, Trend Micro Incorporated, Microsoft Corporation, Hewlett-Packard Company, Kaspersky Lab, Dell, and Sophos Ltd. among others.
The key takeaways from the report
The report will provide detailed analysis of Global Internet Security Market with respect to major segments such as product and service, technology, and application
The report will include the qualitative and quantitative analysis with market estimation over 2016 – 2025 and compound annual growth rate (CAGR) between 2017 and 2025
Comprehensive analysis of market dynamics including factors and opportunities will be provided in the report
An exhaustive regional analysis of Global Internet Security Market has been included in the report
Profile of the key players in the Global Internet Security Market will be provided, which include key financials, product & services, new developments and business strategies
Scope of the Global Internet Security Market
Product and Service Segments
Software
Hardware
Services
Technology Segments
Authentication
Access Control
Content Filtering
Cryptography
Application Segments
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BFSI
Retail
Manufacturing
IT & Telecommunication
Education
Government
Aerospace, Defense & Intelligence
Other Applications
Geographical Segments
North America
U.S.
Canada
Mexico
Europe
UK
Russia
Germany
Netherlands
France
Rest of Europe
Asia-Pacific
China
India
Japan
Australia
Singapore
Rest of Asia-Pacific
RoW
South America
Middle East
Africa
Table of Contents
Chapter 1 Prefix
1.1 Market Scope
1.2 Report Description
1.3 Research Methodology
1.3.1 Primary Research
1.3.2 Secondary Research
1.3.3 In-house Data Modeling
Chapter 2 Executive Summary
2.1 Global Internet Security Market Year-on-Year Growth, 2017 – 2025 (%)
Chapter 3 Market Outline
3.1 Market Inclination, Trend, Outlook and Viewpoint
3.2 Market Share Analysis: Company’s Competitive Scenario
3.3 Market Dynamics
3.3.1 Drivers
3.3.1.1 Impact Analysis
3.3.2 Restraints
3.3.2.1 Impact Analysis
3.3.3 Opportunities
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