What is Data Security Software?
Data security software is used to protect the data. Data security is always a priority of any organization. Moreover, proper security practices like endpoint protection, password management, and user governance, some tools that exist specifically for data protection are done by the all organizations. Nowadays, enterprises are protecting incoming data before it touches any enterprise system to ensure compliance while offering partners and customers the assurance that their confidential information data is protected from the threat. Increasing demand for data security software from various industries has led to significant growth of the global data security software market over the forecast period.
|Value (USD Million)
|Key Companies Profiled
|Symantec (United States), McAfee, LLC (United States), Trend Micro Inc.(Japan), Avast Software s.r.o. (Czechia), Comodo (United States), Bitdefender (Romania), Fortinet (United States), F-Secure (Finland), G DATA CyberDefense AG (Germany) and Avira Operations GmbH & Co. KG. (Germany)
The study covers a detailed analysis segmented by key business segments i.e. by type (Encryption Software, Antivirus/Anti-Malware Software, Firewalls and Data Loss Prevention (DLP) Software) , by application (Banking and Financial Services, Telecommunications & IT, Aerospace and Defense, Healthcare, Manufacturing, Government, Energy and Others) and major geographies. Research Analyst at AMA predicts that European and United States Players will contribute to the maximum growth of Global Data Security Software market throughout the predicted period.
The competition is expected to become even more intense in the years to come due to the entry of several new players in the market. To help clients improve their revenue shares in the market, this research study provides an in-depth analysis of the markets competitive landscape and offers information on the products offered by various leading companies. Additionally, this Data Security Software market report suggests strategies that Players can follow and highlights key areas they should focus on, in order to take maximum benefits of growth opportunities.
The report offers several leading Players, some of them are Symantec (United States), McAfee, LLC (United States), Trend Micro Inc.(Japan), Avast Software s.r.o. (Czechia), Comodo (United States), Bitdefender (Romania), Fortinet (United States), F-Secure (Finland), G DATA CyberDefense AG (Germany) and Avira Operations GmbH & Co. KG. (Germany).
In August 2021, NortonLifeLock and Avast announced the merger to create a new, industry-leading consumer Cyber Safety business. The merger will help both the companies to strengthen their Cyber Safety platform and make it available to more than 500 million users and also create an opportunity to accelerate innovation to transform Cyber Safety.
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies.
Increasing Cutting-edge Technology Trends Impacting the Information Security World
Market Growth Drivers:
Rising Threat to Personal Privacy Through Data Banks, Increasing the Tumultuous era of the Digital Transformation and Improved Privilege Allocation and User Governance
Adhering to various data protection and privacy regulation can be challenging, as failure to comply may result in legal consequences.
Lack of Skilled Professionals
Increasing Abuse of Computer, Rising in Adoption of Cloud-Based Security Technologies and Integration of Advanced Deep Learning and Machine Learning Capabilities Adding Value
Key highlights of the Global Data Security Software market Study:
CAGR of the market during the forecast period 2022-2028
In-depth information on growth factors that will accelerate the Data Security Software market in next few years.
Detailed Insights on futuristic trends and changing consumer behavior
Forecast of the Global Data Security Software market size and its contribution to the parent market by type, application and by country.
A broad view of customer demand
Uncover markets competitive landscape and in-depth information on various Players
Comprehensive information about factors that will challenge the growth of Data Security Software Players
Transformation and Important Triggers:
Business transformation has taken hold across the broad corporate landscape due to the confluence of several important triggers, including:
A tipping point in globalization
A major slowdown in Western economies
Significant shifts in technology and cost structure
The challenges of regulatory compliance
New forms of competition developing
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Data Security Software market.
In order to reach an exhaustive list of functional and relevant players, various industry classification standards are closely followed such as NAICS, ICB, and SIC to penetrate deep into important geographies by players, and a thorough validation test is conducted to reach the most relevant players for survey in Data Security Software market.
In order to make a priority list sorting is done based on revenue generated based on the latest reporting, using paid databases such as Factiva, Bloomberg, etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment> by targeting key target audience that includes Data Security Providers, Information Security Consultants, Security System Integrators, Government Agencies, Consulting Firms, Independent Software Vendors and Others.
This helps us to gather the data for the players revenue, operating cycle and expense, profit along with product or service growth, etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that include Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, Annual reports, press releases, etc.