Drastic Growth Predicted in 2015-2025 for Corporate Web Security Market
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When discussing corporate web security, it’s important to be aware of what it means. Essentially, corporate web security refers to appliances, software, or hosted facilities which protect from malware, prevent the loss of data and enable administrative bodies to control how employees interact with the internet.
Primarily, corporate web security is a step taken by firms to avoid being compromised in any way by hackers. Some of the potential threats posed by hackers include (but are not limited to) the loss of confidential and/or private data, decreased productivity, and loss of business.
Due to these concerns along with the increased importance of the internet, the demand for corporate web security has risen. By 2014, the market was valued at US $1.7 Bn, while it is predicted that it will grow to US $3.2 Bn by 2020.
The most significant parties in the market are:
- McAfee Inc.
- Cisco Systems Inc.
- Symantec Corporation
- Blue Coat Systems Inc.
- Trustwave Holdings Inc.
- Barracuda Networks Inc.
- Clearswift Ltd.
- Sophos Ltd.
- Trend Micro Incorporated
- Webroot Inc.
- Zscaler Inc.
Within the market itself, one will find that solutions are classified into four main branches: appliance, cloud-based, on-premises, and hybrid. Generally speaking, there is a preference among businesses to opt for completely cloud-based and on-premises deployment. However, it is also anticipated that the demand for hybrid solutions is likely to rise as they are considered something of a “middle stage” when transitioning from on-premises deployment to cloud-based deployment.
Demand in the market is also classified based on the industries involved. These categories are government-related public utilities, IT and telecommunication, healthcare, retail, manufacturing, etc. The largest portion of the demand is expected to originate from the IT and telecommunication area. During the period of 2015-2025, this demand is expected to grow even more in light of the advancements in the industry, leading to a broader range of companies being included under the IT and telecommunication umbrella.
When assessing the market in more global terms, it’s apparent that North America is the strongest force in the corporate web security market. Additionally, Japan and Western Europe possess a visible portion of the market share, albeit one that is smaller than North America’s. In the case of these two, their revenue share in the market is expected to increase in the period 2015-2025. A similar case can be made for China and India’s presence in the market.