In a recent published report, Kenneth Research has updated the market report for Security System Integrators 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.
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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 Security System Integrators Market products.
The Security System Integrators Market is estimated to record a significant growth throughout the forecast period. The ICT sector constitutes 4.8% of the European economy. Europe’s organization ERDF i.e. European Regional Development Fund has allotted approximately USD 23 billion for investments related to ICT during the funding period 2014-2020. ICT refers to the communication technologies including the internet, wireless networks, social networking, cell phones, video-conferencing, computers, software, and other media applications and services enabling users to access, retrieve, and manipulate information in a digital form.
Market synopsis:
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.
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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.
Segmentation:
On the basis of type, the market is segmented into application security, endpoint security, network security, data security, and othersOn 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.
Regional analysis:
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.
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Key players:
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.
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Intended Audience:
Security System Integrators providers
IT providers
Software vendors
Retail vendors
Cloud service providers
Local/Government Agencies
Cloud Infrastructure Agencies
Value-added Resellers
Research Firms
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