Security Software Market Growth Is Driven by Increasing Use of Mobile and BYOD to Expose Organizations To Worms, Malware, And Other Threats

Global security software market is expected to grow at a double digit CAGR during the forecast period. Security software helps organizations to protect critical information and data stealing; therefore, companies in various end user industries are adopting security software. Increasing use of mobile devices, growing popularity of cloud and trend of bring your own device (BYOD) and choose your own device (CYOD) exposes organizations to worms, malware, and other threats, which is driving the security software market, globally. Increased demand of integrated security set is expected to provide opportunities for global security software market. However, availability of free pirated software might hamper the growth of the market.

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Global security software market is segmented based on deployment type, service, type, enterprise size and region. Based on deployment type, cloud-based deployment mode dominated the market in 2021 and the trend is expected to prevail through 2027 as it helps to cut the additional operational cost. Additionally, it is the most preferred deployment mode for securing web and mobile applications. Based on type, mobile security software is expected to hold the lion’s share during the forecast period due to high usage of mobile devices and mobile applications.

Regionally, North America led the market in 2021 and the trend is likely to continue during the forecast period as well due to early adoption of technology and presence of major players in this region. However, Asia Pacific is expected to grow at the highest CAGR during the forecast period. This is due to rise in threats and vulnerabilities, which has led the countries in this region to invest heavily on security software.

Major players operating in the global security software market include IBM Corporation, Symantec Software Private Limited, McAfee, LLC, Dell EMC, TrendMicro Private Limited, Imperva, Inc., AVG Technologies, Cisco Systems, Check Point Software Technologies, Fortinet Technologies Private Limited, etc.

Objective of the Study:

  • To analyze and estimate the market size of global security software market from 2017 to 2020.
  • To estimate and forecast the market size of global security software market from 2021 to 2027 and growth rate until 2027.
  • To classify and forecast global security software market based on type of deployment, service, type, enterprise size, company and regional distribution.
  • To identify dominant region or segment in the global security software market.
  • To identify drivers and challenges for global security software market.
  • To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in global security software market.
  • To identify and analyze the profile of leading players operating in global security software market.
  • To identify key sustainable strategies adopted by market players in global security software market.

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  • TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of service providers across the globe. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the service providers which could not be identified due to the limitations of secondary research. TechSci Research analyzed the service providers, vendors and presence of all major players across the globe.

    TechSci Research calculated the market size of global security software market using a bottom-up approach, wherein data for various end-user segments was recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by TechSci Research.

    Key Target Audience:

    • Security software service provider companies, vendors and other stakeholders
    • Government bodies such as regulating authorities and policy makers
    • Organizations, forums and alliances related to security software
    • Market research and consulting firms

    The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as service providers, suppliers, partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.

    Competitive Landscape

    Company Profiles: Detailed analysis of the major companies present in global security software market.

    Available Customizations:

    With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

    Company Information

    • Detailed analysis and profiling of additional market players (up to five).

    Global security software market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at sales@techsciresearch.com  

    In case you don’t find what you are looking for, please get in touch with our custom research team at sales@techsciresearch.com 

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