Telecom Cyber Security Solution Market Scope
Alterations in security standards, strict government regulations, and rapid adoption of newer technology are propelling the global telecom cybersecurity solution market. Organizations are demanding advanced security solutions to enable effective preventive systems to all the computing equipment in the network. Furthermore, deployment of security process applications and background authentication is increasing due to the augmenting utilization of network-based applications.
The market study is being classified and major geographies with country level break-up.
Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global Telecom Cyber Security Solution market throughout the predicted period.
McAfee Inc. (United States), Symantec Corporation (United States), Check Point Software Technologies Ltd. (Isreal), IBM Corp. (United States), Panda Security (Sapin), LG Telecom (South Korea), Kaspersky Lab ZAO (Russia), AVG Technologies (Czech Republic), CA Technologies (United States) and Cisco Systems Inc. (United States) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are Sophos Ltd. (United Kingdom).
AdvanceMarketAnalytics has segmented the market of Global Telecom Cyber Security Solution market by Type, Application and Region.
On the basis of geography, the market of Telecom Cyber Security Solution has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2019. Europe on the other hand stood as second largest market due to the presence of key companies into the region and high technological advancement.
Market Leaders and their expansionary development strategies
On 7th January 2020, Accenture has agreed to acquire Symantec’s Cyber Security Services business from Broadcom, Inc. Financial terms were not disclosed. The acquisition will make Accenture Security one of the leading providers of managed security services, further enhancing its ability to help companies rapidly anticipate, detect, and respond to cyber threats.
On 25th February 2018, McAfee has announced the expansion of its strategic partnership with Türk Telekom by launching Türk Telekom Total Protection, delivering security protection across multiple and varying devices.
- The growing adoption of bringing your own device (BYOD) model
- The rising number of mobile workers in companies
- The Increasing cyber intrusions
- The increasing complexities in cybersecurity threats
- The Growing demand for cloud-based solutions
- Technological Complexities associated with Telecom Cyber Security Solution
Key Target AudienceTelecom Cyber Security Solution Providers, Government Regulatory Bodies, Research Organizations, Government Research Organizations and Others
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