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The Business Research Company offers unified endpoint management market research report 2023 with industry size, share, segments and market growth
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Mobile Threat Defence Market Outlook: Global Trends and Forecast Analysis (2023-2032)
It is anticipated that between 2023 and 2030, the worldwide Mobile Threat Defense Market will expand at a compound annual growth rate (CAGR) of 26.50%. From USD 2154.8 million in 2022, the market is projected to be worth USD 14129.6 million by 2030.
Mobile Threat Defense (MTD) refers to a suite of technologies and solutions designed to protect mobile devices, such as smartphones and tablets, from a range of security threats, including malware, phishing attacks, network vulnerabilities, and device-level exploits. As mobile devices are increasingly used for both personal and business purposes, they have become prime targets for cyberattacks. MTD solutions work by continuously monitoring device behavior, network connections, and app activities to detect and prevent malicious activities before they can cause harm. Key features of MTD include malware detection, secure browsing, app vetting, and real-time threat analysis. MTD solutions also often integrate with existing security infrastructure, such as mobile device management (MDM) systems, providing organizations with comprehensive visibility and control over mobile security. By implementing MTD, businesses can safeguard sensitive data, ensure regulatory compliance, and protect against data breaches that could compromise both user privacy and organizational security. As mobile threats evolve, MTD continues to advance, offering enhanced protection for the mobile-first workforce and addressing the growing need for robust mobile security.
Here are some key findings from studies on the Mobile Threat Defense (MTD) market:
1. Growing Demand Due to Rising Mobile Threats
The rapid increase in mobile-based cyberattacks, such as malware, phishing, and device exploits, is driving significant demand for MTD solutions. As mobile devices are increasingly used for sensitive business transactions and data access, organizations recognize the need for stronger security measures.
2. Increased Adoption by Enterprises
Enterprises across industries, including finance, healthcare, retail, and government, are adopting MTD solutions to protect their mobile workforce. With the rise of remote work and Bring Your Own Device (BYOD) policies, businesses are seeking MTD solutions to ensure secure access to corporate data and applications on mobile devices.
3. Integration with Existing Security Infrastructure
Many MTD solutions are designed to integrate seamlessly with existing security infrastructure, such as mobile device management (MDM) and enterprise mobility management (EMM) systems. This integration offers organizations a unified security approach, allowing for centralized management and monitoring of mobile threats alongside other endpoint security solutions.
4. Cloud-Based MTD Solutions Gaining Traction
Cloud-based MTD solutions are increasingly popular, as they offer scalability, ease of deployment, and real-time threat monitoring. Small and medium-sized businesses, in particular, find cloud-based MTD solutions more accessible and cost-effective compared to traditional on-premises solutions.
5. Growing Importance of AI and Machine Learning
Artificial intelligence (AI) and machine learning (ML) are playing a crucial role in advancing MTD capabilities. These technologies enable MTD solutions to detect and respond to sophisticated threats, such as zero-day attacks and advanced malware, by analyzing patterns, behaviors, and anomalies in real-time.
6. Regional Variations in Adoption
North America and Europe currently lead the MTD market, driven by strict regulatory requirements, high mobile penetration rates, and a strong focus on cybersecurity. However, the Asia-Pacific region is expected to experience significant growth in MTD adoption due to rapid digital transformation, increasing smartphone usage, and rising awareness of mobile threats.
7. Focus on Compliance and Data Privacy
With data privacy regulations like the General Data Protection Regulation (GDPR), the California Consumer Privacy Act (CCPA), and industry-specific standards, organizations are under pressure to ensure data security on mobile devices. MTD solutions help businesses meet compliance requirements by providing tools for monitoring, reporting, and preventing unauthorized access to sensitive data.
8. Increasing Adoption of Advanced MTD Features
Enterprises are seeking advanced MTD capabilities beyond basic malware protection, such as secure browsing, app vetting, device vulnerability assessment, and phishing prevention. These comprehensive features allow organizations to proactively address the full spectrum of mobile threats and ensure robust security for their mobile ecosystems.
9. Market Growth Potential
The MTD market is expected to grow at a strong compound annual growth rate (CAGR) over the next several years, as mobile threats continue to evolve and organizations recognize the importance of dedicated mobile security solutions. Investments in MTD are likely to increase, particularly in sectors with high regulatory and data security requirements.
10. Challenges and Barriers to Adoption
Despite its benefits, MTD adoption faces some challenges, such as high implementation costs, limited awareness among smaller organizations, and potential privacy concerns related to continuous monitoring on personal devices. However, as mobile threats become more sophisticated, these barriers are likely to decrease, and MTD solutions will become a standard component of cybersecurity strategies
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Key Players
Cisco Systems
SAP SE
Broadcom, Inc.
VMware
Citrix Systems
Kaspersky Labs
Ivanti
Micro Focus
ZOHO
SolarWinds
Zimperium
Matrix42
Sophos
BlackberryEsper
Here are some of the prominent trends in the Mobile Threat Defense (MTD) market:
1. Increasing Focus on Zero Trust Security Models
Organizations are increasingly adopting a Zero Trust approach to security, which assumes that all devices, including mobile, are potentially compromised. MTD solutions are a key component of Zero Trust architectures, providing continuous monitoring and verification of mobile device behavior to prevent unauthorized access to corporate networks and sensitive data.
2. Integration with Unified Endpoint Management (UEM)
MTD solutions are increasingly integrated with Unified Endpoint Management (UEM) platforms, offering comprehensive visibility and management across all device types. This integration allows organizations to streamline mobile security management and improve endpoint protection by monitoring and securing mobile devices alongside traditional endpoints such as laptops and desktops.
3. Expansion of Cloud-Based MTD Solutions
Cloud-based MTD solutions are gaining popularity due to their scalability, flexibility, and ease of deployment. These solutions enable organizations of all sizes, particularly small and medium-sized enterprises (SMEs), to access advanced mobile security without the need for extensive on-premises infrastructure, thus lowering upfront costs and reducing deployment times.
4. Adoption of AI and Machine Learning for Threat Detection
AI and machine learning are transforming MTD solutions by enabling real-time analysis of large data sets to detect sophisticated mobile threats. These technologies improve the ability to identify anomalies, predict threats, and respond to attacks in real-time, enhancing protection against advanced malware, zero-day vulnerabilities, and phishing attempts.
5. Demand for Comprehensive Mobile Security Capabilities
Organizations are looking for MTD solutions that go beyond basic malware detection, seeking comprehensive features such as phishing protection, secure browsing, device vulnerability assessments, app vetting, and behavioral analysis. This demand is driven by the need to protect against a wide range of mobile threats and to ensure secure access to corporate data.
6. Rising Concerns over Mobile Phishing Attacks
Mobile phishing attacks are on the rise as cybercriminals increasingly target mobile devices through SMS, social media, and email. MTD solutions with advanced phishing detection capabilities are in high demand as organizations look to protect users from credential theft and social engineering attacks on mobile platforms.
7. Emphasis on Privacy and Data Protection Compliance
With growing data privacy regulations, such as GDPR, CCPA, and HIPAA, organizations need to ensure that mobile devices comply with stringent data protection requirements. MTD solutions help organizations meet these compliance mandates by monitoring data usage, preventing unauthorized access, and providing tools for incident reporting and audits.
8. Expansion of MTD in BYOD and Remote Work Environments
The increase in remote work and Bring Your Own Device (BYOD) policies has heightened the need for MTD solutions that can secure both corporate and personal devices. MTD solutions help organizations protect sensitive data on personal devices without compromising user privacy, making them an essential tool in the mobile-first, remote work environment.
9. Regional Growth in Asia-Pacific
The Asia-Pacific region is witnessing rapid growth in MTD adoption due to the proliferation of mobile devices, increasing mobile internet usage, and a growing awareness of cybersecurity. Emerging economies in this region, including India, China, and Southeast Asian countries, are investing in MTD solutions as they embrace digital transformation and address rising mobile security risks.
10. Increasing Focus on Mobile Threat Intelligence
Organizations are leveraging mobile threat intelligence to stay informed about emerging threats and to proactively defend against them. MTD solutions are incorporating threat intelligence feeds and analytics, providing real-time insights into global mobile threat trends and enabling organizations to take preemptive measures against potential attacks.
11. Enhanced User Experience and Minimal Device Impact
Modern MTD solutions are designed to operate with minimal impact on device performance, ensuring a seamless user experience. As MTD solutions become more lightweight and user-friendly, adoption is likely to increase, as employees are more likely to accept mobile security measures that don’t interfere with device functionality or battery life.
12. Shift from Reactive to Proactive Security Approaches
MTD solutions are evolving from reactive to proactive approaches, incorporating predictive analytics and behavioral analysis to identify threats before they materialize. By proactively detecting unusual patterns and emerging threats, these solutions allow organizations to mitigate risks before they can impact mobile devices and corporate networks.
Segmentation
By Security Threat Type:
Malware Protection
Phishing Protection
Data Loss Prevention (DLP)
Network Security
App Security
Device Security
By Deployment Model:
Cloud-based
On-Premises
Hybrid
By Organization Size:
Small and Medium-sized Enterprises (SMEs)
Large Enterprises
By End Users:
Enterprises
Government and Public Sector
Individuals and Consumers
BY Operating System:
Android
iOS
Multi-OS Compatibility
By Industry Verticals:
Financial Services
Healthcare
Retail
Telecommunications
Government and Defense
Energy and Utilities
Other Verticals
By Regulatory Compliance and Standards:
GDPR Compliance
HIPAA Compliance
Industry-specific Compliance
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Cyber Security Market - Forecast(2024 - 2030)
Cyber Security Market Overview
Cyber Security Marketsize is forecast to reach $360 billion by 2030, estimated to grow at a CAGR of 9.5% during 2024-2030. The increasing use of technology such as artificial intelligence, IoT, machine learning and so on are significantly driving the cybersecurity market. Furthermore, the increasing demand for cloud-based cybersecurity systems in order to reduce data loss are also enhancing the growth of the market. The rising demand for network and endpoint security, information technology security mobile security, behavioral detection is fueling the growth of the market during the forecast period. The telecom organizations are adopting advanced cyber security solutions such as real-time security monitoring, instant cyber posture visibility, and rapid threat resolution to prevent the cyber-attack on telecom networks. Along with the telecom sector, the aerospace industry is considered to be another key end-users to cyber security market. The aerospace and defense industry are prone to cyber-attack due to its continuous exposure to non-A&D, OT-based technologies.
Thus, this industry is adopting advanced cybersecurity solution to enhance protection against cybercrime. The rising need for solutions ranging from antivirus software, unified threat management system, next-generation firewalls, DNS filtering, malware protection and threat intelligence will drive the demand for cyber security. One prominent trend in the cyber security market is the increasing adoption of Zero Trust Architecture (ZTA). This approach challenges the traditional perimeter-based security model by assuming that threats can originate from both inside and outside the network. ZTA emphasizes strict identity verification and access controls, requiring continuous authentication and authorization for every user and device attempting to access resources. With the proliferation of cloud services, remote work, and mobile devices, organizations are realizing the limitations of perimeter defenses alone. As a result, they are turning to ZTA to bolster their defenses and mitigate the risks associated with insider threats, unauthorized access, and advanced persistent threats.
The growing recognition of ZTA's effectiveness in enhancing security posture is driving significant investment in Zero Trust solutions across various industries. Another key trend shaping the cyber security market is the increasing integration of artificial intelligence (AI) and machine learning (ML) technologies for threat detection and response. As cyber threats become more sophisticated and prevalent, organizations are turning to AI-driven solutions to augment their security operations. AI and ML algorithms can analyze vast amounts of data in real-time, enabling early detection of anomalies, unusual patterns, and potential security breaches. These technologies empower security teams to identify and respond to threats more efficiently, reducing detection and response times. Moreover, AI-driven security solutions can automate repetitive tasks, freeing up security personnel to focus on more strategic initiatives. With the continuous evolution of cyber threats, the demand for AI-powered security tools and platforms is expected to grow, driving innovation and investment in the development of advanced threat detection and response capabilities.
Cyber Security Market Report Coverage
The report: “Cyber Security Market Forecast (2024-2030)”, by IndustryARC, covers an in-depth analysis of the following segments of the Cyber Security System Market.
By Component: Cyber Security Software, Cyber Security Hardware, Cyber Security Services.
By Deployment: On-Premise and Cloud.
By Security Type: Network & Endpoint Security, Internet of Things/Industrial Internet of Things Security, Threat Intelligence, Mobile Security, Behavioral Detection, Cloud Security, Deception Security and Others.
By Organization Size: SME, Large Enterprise.
By Solution: Antivirus, UTM, SIEM, DDOS Mitigation, Disaster Recovery, Firewall, DLP, Web Filtering, Threat Intelligence, IAM, Risk and Compliance Management, IDS, Encryption and Others.
By Industry Vertical: Aerospace, Government, Financial Services, Healthcare, Telecommunications, Automobile, Information Technology sector and others
By Geography: North America (U.S, Canada, Mexico), Europe(Germany, UK, France, Italy, Spain, Russia, Netherlands, Denmark and Others), APAC(China, Japan India, South Korea, Australia, Taiwan, Malaysia and Others), South America(Brazil, Argentina, Ecuador, Peru, Colombia, Costa Rica and others), and RoW (Middle east and Africa)
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Key Takeaways
• In 2023, the Cyber Security market was dominated by North America owing to the increasing use of prevalent technology which has raised the risk of cyber threat leading to the need for cybersecurity solutions.
• The rising demand for cloud-based cybersecurity solutions in order to store and secure data during data loss or data breaches has driven the growth of the market
• The rapid advancement of artificial intelligence leading to the introduction of technologies such as machine learning and deep learning which will enhance the growth of the market.
• The rising security threats due to the increasing use of Blockchain systems and IoT threats are making difficult to detect cyber-attacks which is hampering the market growth.
Cyber Security Market Segment Analysis – By Deployment
Cloud segment held the largest market share of 53.1% in the Cybersecurity market in 2023. The growing of massive store applications in order to store and secure data with advanced security methods are driving the need for cloud-based security solutions. As cloud-based cybersecurity solutions offers social networking privacy, online storage, system optimization and so on. Furthermore, the rising demand for online cloud storage leads to provide backup and restorations of data caused due to data breaches or data loss. These significant advantages of cloud technology will lead to surge the growth of the market.
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Cyber Security Market Segment Analysis - By Industry Vertical
The telecom sector is estimated to grow at a CAGR of 10.2% during the forecast period 2023-2030. The GSM Association (GSMA) predicted that quantum computing will be a destabilizer for the telecom sector, making Public Key Infrastructure (PKI) obsolete in the near future. Telecommunication companies are in plans of implementing quantum-safe cryptography algorithms to mitigate cyber-attacks. In order to control cyber-attacks, the European Union (EU) has introduced many regulations such as the Network and Information Security Directive (NISD) and the General Data Protection Regulations (GDPR). NISD is yet to be implemented which requires core digital infrastructure operators and certain digital service providers to ensure that their network and information systems meet minimum standards of cybersecurity. These regulations are implemented to achieve and maintain high network security, and ensure obligatory reporting during any incidents.
Cyber Security Market Segment Analysis – By Geography
In 2023, North America dominated the Cyber Security market with a share of more than 40.2%, followed by Europe and APAC. The growing use of technology and data has led to the rise of most vulnerable cyber threats and crimes which is leading to the growth of this market in this region. Also, the financial stability in this region has allowed organization to invest in cybersecurity for providing security of data and software. These developments are propelling the growth of cybersecurity market in North America.
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Cyber Security Market Drivers
Rising importance Artificial Intelligence (AI)
The rising advancement in artificial intelligence is leading to the introduction of machine learning technologies into products which includes cybersecurity. Moreover, technologies such as deep learning are being used for face detection, natural language processing, threat detection, and others concepts. Also, the acceleration of artificial intelligence (AI) has led to the identification of new threats and helps in responding and block cyber-attacks in an organization. Hence, the deployment of artificial intelligence technologies will further drive the growth of the cybersecurity market.
Increasing need for Cybersecurity in Aerospace
Aerospace industry is widely developing with the integration of new technology such as advanced navigation and guidance systems. This system are used in airplanes which are highly vulnerable to cyber-attacks, which have irrevocable repercussions. So, the rising risk of cyber-attacks and the increasing need to protect the computer networks in the air are leading to the rise of investment in the security infrastructure. Thus, the rising investment by aerospace industry in the security infrastructure has led to the requirement of cybersecurity further boosting the growth of the market.
Cyber Security Market Challenges
Revolution of Blockchain and IoT Threats
The rising demand for Blockchain systems has made it difficult to predict the rising cyber threats which is hindering the cybersecurity market. Furthermore, the increasing usage of IoT has led to the growing number of IoT threats, as IoT includes the connection of physical devices which have a unique identifier (UID). These devices has the ability to transfer data over a network without any human interference and human to computer interaction. Thus, the software and firmware which are required to run these IoT devices make the user more susceptible to cyber-attacks further hindering the growth of the market.
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Cyber Security Market Landscape
Technology launches, acquisitions and R&D activities are key strategies adopted by players in the Cyber Security market. In 2023, the market of Cyber Security has been consolidated by the major players – AWS, Check Point Software Technologies, NTT Security, Cisco Systems, CyberArk, FireEye, IBM Corporation, Oracle, Microsoft and Juniper Networks.
Acquisitions/Technology Launches
In December 2023, Multinational conglomerate Honeywell has agreed to buy Carrier’s Global Access Solutions business for $4.95 billion in cash. The acquisition will strengthen Honeywell’s core security offerings with the addition of hardware and software properties
In Nov 2023, US-based data security company Rubrik has launched Ruby, its generative AI extension for Rubrik Security Cloud, which will speed up cyber threat detection, recovery and resilience. In response to data risk alerts generated in Rubrik Security Cloud, users can interact with Ruby, the company's AI assistant, ask follow-up questions including whether any sensitive data was impacted, or what needs to be done to restore the environment.
#Cyber Security Market#Cloud Security#Cyber Security Market size#Threat Intelligence#Cyber Security industry#Cyber Security Market share#Cyber Security top 10 companies#Cyber Security Market report#Cyber Security industry outlook
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Why Digital Risk Protection is Essential for Modern Enterprises
Top Digital Risk Protection Software Solutions for your Business
Digital Risk Protection (DRP) solutions detect and manage cybersecurity risks to an organization's digital assets, which include accounts, domains, apps, and cloud infrastructure. This involves keeping an eye on your digital channels for any cyber-threats like phishing attempts or ransomware. The systems can detect, track, and analyze threats in conjunction with threat intelligence and incident response technologies, alerting security professionals to potential problems before they happen.
DRP tools are critical for security teams to prevent advanced cyber-attacks that seek to abuse the digital channels we all use to gather data, extort corporations, and propagate hazardous malware, such as ransomware. These digital risk protection services market typically include protection against brand impersonation and social engineering assaults, threat content monitoring, dark web scanning, automated hazardous content cleanup, account takeover prevention, and even app management capabilities.
In this blog, we'll look at the top cloud-based digital risk prevention solutions for businesses. We'll provide an overview of each product, as well as pricing information and editorial comments, to assist you in selecting the best digital risk prevention solution for your organization.
What is Digital Risk Protection?
Digital risk protection (DRP) refers to technologies and strategies that help secure an organization's infrastructure by determining the true extent of its digital footprint and improving the security of its external digital assets. DRP solutions enable businesses to proactively detect and manage risks to their data, digital and physical assets, personnel, and overall brand reputation by continuously monitoring numerous channels on the open, deep, and dark web.
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A digital risk protection system can be self-managed, which means that a corporation installs digital risk protection software and manages risk factors itself. Alternatively, there are digital risk protection services, which allow the firm to delegate the implementation of its DRP strategy to a third-party managed service. In addition to automatic technologies, a digital risk protection services market will employ a team of analysts to manually monitor a variety of data sources, including social media applications, blog and forum posts, DNS records, and the deep and dark web, for all risk factors associated with your firm.
Best Digital Risk Protection Tools
BlueVoyant Sky: DRP
BlueVoyant, a network security firm formed in 2017, provides a cloud-native, unified platform for internal and external cyber defenses. They provide an end-to-end digital risk prevention solution that detects and mitigates dangers to your digital assets by utilizing threat intelligence and comprehensive data sets.
CrowdStrike Falcon Intelligence
CrowdStrike is a market-leading cybersecurity service that offers cloud-based threat intelligence and endpoint protection (EPP) solutions to safeguard cloud workloads and data. CrowdStrike's Falcon Intelligence technology uses real-time threat intelligence to detect signs of an attack. This, combined with human analysis, gives actionable insights that enable security teams to quickly detect and resolve vulnerabilities, as well as avoid data breaches.
Digital Shadows SearchLight
Digital Shadows is a threat intelligence company that identifies and mitigates external threats to protect digital assets. Digital Shadows' SearchLight product is a dedicated threat intelligence platform that enables security teams to quickly assess and respond to threats. Along with this, Digital Shadows provides tailored consulting and intelligence services for white glove support and deployment. ReliaQuest, a security operations company, bought Digital Shadows in June 2022.
PhishLabs Digital Risk Protection
Fortra (previously HelpSystems) offers a broad range of cybersecurity solutions, such as data security, email security managed services, and threat intelligence. In 2021, Fortra purchased PhishLabs, a renowned provider of cyber threat intelligence and digital asset security. Fortra's PhishLabs Digital Risk Protection Solution provides targeted threat information and rapid attack response.
Proofpoint Digital Risk Protection
Proofpoint Digital Risk Protection enables businesses to defend their brands and customers against harmful activity on websites, social media platforms, and the dark web. It serves as a comprehensive security solution for all digital channels via which clients connect with your band. Proofpoint is well-known for its market-leading email security services, which are powered by a worldwide threat intelligence network that includes email, social media, and mobile channels. The intelligence network is driven by data from over 100 million email inboxes, 200 million social media accounts, and 7 million mobile applications.
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How To Choose The Right Digital Risk Protection Solution?
Finding the best DRP solution for your company can be a challenging task. There are various aspects to consider, including price. However, we would recommend keeping the following three crucial elements in mind while selecting a digital risk prevention solution:
Coverage: Ensure the solution protects all digital applications vital to your firm and has the necessary features to prevent digital hazards.
Compliance: Different sectors have unique compliance challenges. It's critical to determine which solutions will assist you achieve your specific regulatory needs.
Deployment Options: DRP solutions can be deployed in multiple ways. Many of the solutions on this list are cloud-based, integrating across digital assets, but companies can also choose hybrid or managed deployment choices.
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When exploring Digital Risk Protection (DRP), selecting the right tools hinges on a multitude of critical considerations. Assessing your platform's requirements, scalability prerequisites, and budgetary constraints form the core of this decision-making process. Yet, insights derived from Market Intelligence (MI) reports play a pivotal role in navigating this landscape. These Digital Risk Protection Market Share, 2022-2027, Worldwide and Market Forecast: Digital Risk Protection, 2022-2027, Worldwide reports offer an all-encompassing analysis of available digital risk protection services market tools, delving into their strengths, weaknesses, and applicability across various digital experience needs. While each tool may tout its prowess, the true distinctions emerge in factors such as implementation simplicity, scalability potential, and seamless integration with existing infrastructure. Leveraging MI reports enriches decision-making by providing nuanced insights and aligning benchmarks with industry standards, facilitating a more informed and precise selection of the optimal DRP tool tailored to your specific business requisites.
Conclusion
Digital Risk Protection (DRP) tools help keep our online places safe from cyber threats like hacking or phishing. In this blog, we talked about some great DRP tools that can watch over your digital world and stop dangers before they happen. When choosing the right tool, think about what your business needs, how much it can spend, and how well the tool fits with what you already use. Using these tools means you can work and play online more safely.
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Mobile Threat Defence Market Landscape: Trends, Drivers, and Forecast (2023-2032)
It is anticipated that between 2023 and 2030, the worldwide Mobile Threat Defence Market will expand at a compound annual growth rate (CAGR) of 26.50%. From USD 2154.8 million in 2022, the market is projected to be worth USD 14129.6 million by 2030.
Mobile Threat Defense (MTD) market refers to the industry and technologies focused on protecting mobile devices such as smartphones, tablets, and other endpoints from security threats and vulnerabilities. This market has grown significantly due to the increasing use of mobile devices in corporate environments and the rising sophistication of cyber threats targeting these devices. Mobile Threat Defense solutions typically include software that offers protection against a variety of threats, such as malware, phishing attacks, network exploits, and application vulnerabilities. These solutions may also provide features such as risk assessment, incident response, and compliance enforcement. The demand for MTD solutions is driven by the need for businesses to secure their mobile workforce, enforce security policies, and protect sensitive corporate data accessible from mobile devices. As mobile technology evolves and integrates more deeply into business operations, the MTD market continues to expand, adapting to new threats and compliance requirements.
These threats include malware, phishing attacks, network attacks, and malicious apps. MTD technologies often incorporate machine learning algorithms to analyze and predict threat patterns, provide real-time defense, and ensure secure access to corporate resources. Additionally, these solutions may offer features like vulnerability assessment, data protection, and compliance management. The growth of the MTD market is propelled by the widespread adoption of mobile technology, the increasing sophistication of cyber threats, and the need for robust regulatory compliance across various industries.
Mobile Threat Defence Market Trends-
Integration with Enterprise Mobility Management (EMM) and Unified Endpoint Management (UEM): There is a growing trend towards the integration of MTD solutions with broader enterprise mobility management and unified endpoint management platforms. This integration allows organizations to have a more comprehensive approach to endpoint security, encompassing not only mobile devices but also other endpoints within the network.
AI and Machine Learning: Artificial intelligence (AI) and machine learning (ML) are increasingly being used to enhance MTD solutions. These technologies help in the automation of threat detection and response processes, making them more efficient and effective at identifying and mitigating novel and sophisticated attacks.
Focus on Zero Trust Security Models: As the traditional network perimeter dissolves with the rise of remote work and cloud-based resources, there is a shift towards Zero Trust security models, which assume that no user or device is trusted by default. MTD solutions are evolving to support Zero Trust architectures by continuously validating every stage of digital interaction.
Regulatory Compliance: With stringent regulations like GDPR and CCPA, organizations are under pressure to ensure that their mobile security practices comply with legal standards. MTD solutions are increasingly including features that help organizations meet these regulatory requirements, particularly concerning data protection and privacy.
Rise of Phishing Attacks on Mobile: Mobile phishing attacks are becoming more common and sophisticated, prompting MTD solutions to focus more on detecting and preventing such threats, which often bypass traditional email filters and are delivered via messaging apps and social media platforms.
5G and IoT Security Concerns: The rollout of 5G networks and the expansion of the Internet of Things (IoT) create new security challenges, particularly in terms of larger attack surfaces and the potential for increased attack speeds. MTD providers are adapting their solutions to better protect devices connected to these faster, more complex networks.
User Education and Awareness: Alongside technological solutions, there is a trend towards enhancing user education and awareness about mobile threats. By educating users on best practices for mobile security, organizations can reduce the risk posed by human error and insider threats.
Key Players-
Cisco Systems
SAP SE
Broadcom, Inc.
VMware
Citrix Systems
Kaspersky Labs
Ivanti
Micro Focus
ZOHO
SolarWinds
Zimperium
Matrix42
Sophos
BlackberryEsper
More About Report- https://www.credenceresearch.com/report/mobile-threat-defence-market
Segmentation
By Security Threat Type:
Malware Protection
Phishing Protection
Data Loss Prevention (DLP)
Network Security
App Security
Device Security
By Deployment Model:
Cloud-based
On-Premises
Hybrid
Mobile Threat Defence Market Competitive Analysis-
Competitive Strategies
Integration and Ecosystem Expansion: Many MTD vendors are focusing on integrating their solutions with broader security and IT management ecosystems. This includes partnerships with UEM, cloud security, and identity management providers to offer a more holistic security approach.
Advanced Technology Utilization: Leading players are increasingly leveraging AI and machine learning to enhance their threat detection and response capabilities. This technology helps in predicting and mitigating threats more efficiently.
Focus on Regulatory Compliance: Vendors are tailoring their offerings to help enterprises meet specific regulatory requirements, which is a key selling point for industries such as finance and healthcare.
Customer and Industry Specific Solutions: Providers often develop specialized solutions tailored to the needs of specific industries or customer segments, offering customized security protocols and compliance assistance.
Market Dynamics
Rising Threat Levels: As the level of threats increases, particularly with sophisticated phishing and zero-day attacks, MTD solutions need to continuously evolve, driving competition based on technological innovation.
Adoption of Remote Work: The shift to remote work has expanded the use of mobile devices in business operations, necessitating robust MTD solutions and driving market growth.
5G Deployment: The deployment of 5G technology is anticipated to increase the attack surface for mobile devices due to higher connectivity and device density, pushing MTD providers to innovate further.
Consumer Awareness: As awareness of mobile threats grows, businesses are more inclined to invest in comprehensive solutions, influencing MTD vendors to differentiate their offerings through better user experience and enhanced security features.
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Managed Security Services (MSS) Market To Deliver Prominent Growth & Striking Opportunities During 2033
Market Definition
Managed security services (MSS) are a type of security service that helps organizations manage and monitor their security systems and infrastructure. The services are typically provided by a third-party security service provider and can include things like security monitoring, incident response, and vulnerability management.
Market Outlook
In the managed security services (MSS) market, the service providers are constantly innovating and introducing new services and technologies to address the changing security needs of their clients. Some of the key trends in this market are:
The increasing adoption of cloud-based MSS: With the increasing adoption of cloud computing, more and more MSS providers are offering their services via the cloud. This enables organizations to benefit from the scalability, flexibility and cost-effectiveness of the cloud.
The growing popularity of managed detection and response (MDR) services: MDR services are becoming increasingly popular as they provide a more comprehensive and proactive approach to security. MSS providers are investing in MDR services to meet the growing demand from their clients.
The increasing focus on artificial intelligence (AI) and machine learning: AI and machine learning are being used by MSS providers to improve the accuracy of threat detection and response. These technologies are also being used to automate various tasks, such as security monitoring and incident response.
Lack of skilled workforce: There is a lack of skilled workforce in the field of cyber security, which is a key requirement for providing MSS. This is a major challenge for vendors in this market.
High cost of MSS: MSS can be quite costly, especially for small and medium businesses. This is a key restraint for the growth of this market.
Lack of awareness: There is a lack of awareness about MSS among small and medium businesses. This is a key challenge for vendors in this market.
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Research Objectives
Estimates and forecast the overall market size for the total market, across product, service type, type, end-user, and region
Detailed information and key takeaways on qualitative and quantitative trends, dynamics, business framework, competitive landscape, and company profiling
Identify factors influencing market growth and challenges, opportunities, drivers and restraints
Identify factors that could limit company participation in identified international markets to help properly calibrate market share expectations and growth rates
Trace and evaluate key development strategies like acquisitions, product launches, mergers, collaborations, business expansions, agreements, partnerships, and R&D activities
Thoroughly analyze smaller market segments strategically, focusing on their potential, individual patterns of growth, and impact on the overall market
To thoroughly outline the competitive landscape within the market, including an assessment of business and corporate strategies, aimed at monitoring and dissecting competitive advancements.
Identify the primary market participants, based on their business objectives, regional footprint, product offerings, and strategic initiatives
Market Segmentation
The Managed Security Services (MSS) Market is segmented into deployment mode, enterprise size, application, vertical, and region. By deployment mode, the market is divided into On-premise and Cloud. Based on enterprise size, the market is bifurcated into large enterprises, small & medium-sized enterprises. By application, it is categorized as a Managed IPS and IDS, Distributed Denial of Services (DDoS), Unified Threat Management (UTM), Secured Information & Event Management (SIEM), Firewall Management, Endpoint Security, and Others. Whereas on the basis of the vertical, it is segmented into BFSI, Healthcare, Manufacturing, Retail, Telecom & IT, and Others. Region-Wise the market is segmented by North America, Europe, Asia-Pacific, and the rest of the world.
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Major Players
The Managed Security Services (MSS) Market report includes players such as AT&T (US), Broadcom (US), BT Group (UK), Check Point Software (Israel), Cisco System Inc. (US), DXC Technology (US), Fortinet Inc. (US), Hewlett Packard Enterprise (US), IBM Corporation (US), and SecureWorks Inc. (US), among others.
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Research Scope
Scope – Highlights, Trends, Insights. Attractiveness, Forecast
Market Sizing – Product Type, End User, Offering Type, Technology, Region, Country, Others
Market Dynamics – Market Segmentation, Demand and Supply, Bargaining Power of Buyers and Sellers, Drivers, Restraints, Opportunities, Threat Analysis, Impact Analysis, Porters 5 Forces, Ansoff Analysis, Supply Chain
Business Framework – Case Studies, Regulatory Landscape, Pricing, Policies and Regulations, New Product Launches. M&As, Recent Developments
Competitive Landscape – Market Share Analysis, Market Leaders, Emerging Players, Vendor Benchmarking, Developmental Strategy Benchmarking, PESTLE Analysis, Value Chain Analysis
Company Profiles – Overview, Business Segments, Business Performance, Product Offering, Key Developmental Strategies, SWOT Analysis
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Hardware Asset Management Market: Global Demand Analysis & Opportunity Outlook 2036
Research Nester’s recent market research analysis on “Hardware Asset Management Market: Global Demand Analysis & Opportunity Outlook 2036” delivers a detailed competitors analysis and a detailed overview of the global hardware asset management market in terms of market segmentation by type, end user, enterprise size, deployment model and by region.
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Surge in Remote Work and Endpoint Devices to Promote Global Market Share of Hardware Asset Management Market
The global hardware asset management market is estimated to grow majorly on account of the rise of remote work globally has accelerated the deployment of endpoint devices which includes laptop, tablets and mobile devices. To manage these hardware assets is a complex challenge for organizations. Moreover, the role of asset management solution is important as it helps in tracking and securing endpoint devices which further ensures compliance and optimizing asset usage. The surge in remote work has highlighted the importance of need for robust hardware asset management solutions to maintain visibility and control over dispersed hardware assets. According to recent information, in 2021, it was found that nearly three times more people working in remote positions than in 2019.
Some of the major growth factors and challenges that are associated with the growth of the global hardware asset management market are:
Growth Drivers:
The integration of IT service management with hardware asset management becomes imperative for organizations seeking a holistic approach to IT management.
The increasing adoption of cloud computing in the businesses or organizations.
Challenges:
Dynamic IT environments, software-hardware dependencies, compliance complexity are the major factors anticipated to hamper the global market size of hardware asset management. The increasing technological advancements leads to growth of dynamic IT environments with constant IT updates , new hardware introductions, and evolving infrastructure. Organizations face challenge in maintaining an accurate and updated inventory of hardware assets in the dynamic IT environment. Moreover, devices may be overlooked which leads to incomplete assets inventories and ultimately it hampers the effective management and decision making.
By type segment in the global hardware asset management market is segmented into software and services. The software segment is to garner a significant revenue by the end of 2036 by growing at a significant CAGR over the forecast period. The segment growth can be attributed to factor that integration of hardware asset management software with IT service management platforms. The integration includes processes, efficiency and provide organization with a unified view of hardware and software assets. Moreover, the demand for solutions offering interoperability between HAM and ITSM continues to grow as businesses prioritize seamless IT operations. In addition, cloud based HAM solutions offer accessibility which align with evolving need of modern enterprise. According to recent report, public cloud services grew by 18.4% year-over-year in 2021.
By region, the Europe in hardware asset management market is to generate the significant revenue of by the end of 2036. This growth is anticipated by the growing security concerns and emphasis on cyber security has led the organization to focus on securing their hardware assets effectively. The role of hardware asset management is important in ensuring the security of IT infrastructure which boost the market in the region. According to recent information, in 2020, there were 304,788 reported incidents of cyber threats in Europe. In addition, companies are becoming aware of optimizing their hardware assets to improve productivity and mitigate unnecessary expenditures.
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Global asset management software market reports
Monitoring fleet availability by service level in real-time for operational preparedness. provides tracking metrics tailored to defenses. Configuration management facilitates the tracking of As-Built Configuration, Allowable Configuration, and Actual Configuration for complex assets with multi-level subassemblies. enables quick configuration swapping in response to changing mission requirements. Paperless operations can be facilitated by maintenance staff members using a native mobile app with offline capacity to submit work and perform electronic sign-offs. flexibility to synchronize data as needed depending on connections that are available. Complete project life cycle visibility is offered by a contract structure and integrated accounting module. Accounting compliance enables the following benefits: tracking earned value, improving cash flow, automating invoices, and increasing profitability.
By guaranteeing timely delivery of supplies, this Global asset management software market reports enhances the level of protection offered to the affected area. When moving priceless things from one place to another, this is helpful. Taking into account the good tracking of these asset management strategies. It offers wide visibility, tracks cargo, containers, and other goods, and secures them. It is possible to estimate when supplies will be delivered.
Key factors impacting the asset management software market's growth in defense:
Complete project life cycle visibility is offered by a contract structure and integrated accounting module. Accounting compliance is one of the key market trends that will drive the industry's progress; it enables the automation of invoices, improvement of cash flow, monitoring of earned value, and rise in profitability.
Patterns influencing the size of the asset management software market in defense:
Among the major industry trends influencing market expansion are cloud computing, blockchain technology, artificial intelligence (AI), and machine learning (ML). The phrase "Internet of Things" (IoT) refers to items that have built-in software or applications. These gadgets are equipped with sensors, data interchange, and networking features. They are connected by IoT, which enables data sharing and communication. IoT is one of the key technological advancements in the market that will have an impact on its growth.
Forecast and Dynamics of the Defense-Asset Management Software Market:
The need for asset tracking and accountability will continue to fuel the defense asset management market's expansion. The deployment of IoT and asset management software, as well as the uptake of these technologies, will be accelerated by increased defense spending.
A thorough market analysis and market size are included in the market forecast. The market report includes information on the size, potential, challenges, and drivers of the regional market. The regional study also includes the market size by country.
Analysis of the Defence Asset Management Software Market for Recent Advancements:
Among the services offered are knowledge management, cybersecurity, equipment and asset management, maintenance and sustainment, modernization, MSC MNOC, future FLTNOCs, and training. By December 31, 2023, work under this task order will be finished in a number of locations worldwide.
The US Army Endpoint Security Solution (AESS), which protects up to 800,000 endpoints on both classified and unclassified Army networks, has been given a $430 million maintenance contract by ECS. ECS will create a unified asset management system and enhance endpoint detection and response capabilities.
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In-Depth Analysis of IT Asset Management Market Growth
A recent analysis by Future Market Insights projects that the IT asset management market will grow at a CAGR of 6.9% to reach US$ 2.3 billion by 2032. During the forecast period, the market growth is anticipated to pick up speed due to the growing need to manage audits, adhere to regulatory compliance standards, manage and optimise the purchase, deployment, maintenance, use, and disposal of software applications within the business, as well as reduce software spend costs.
Additionally, the expanding requirement for enhancing organisational productivity via the use of cutting-edge technology to satisfy corporate needs is fueling market expansion.IT asset management demand increased at a CAGR of 7.5% between 2015 and 2021, reaching a value of US$ 1.1 billion. Moreover, an absolute dollar opportunity worth US$ 1.1 Billion has been forecast for the market during the coming decade.
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Key Takeaways from the Market Study
Global IT asset management market to reach US$ 1.2 Billion by 2022-end
The U.S to account for the highest value share of US$ 320.8 Million of global market demand for IT asset management in 2032
By deployment, the cloud category constitutes the bulk of IT asset management market with a CAGR of 7.0%
IT asset management solutions for large enterprises to remain preferred, flourishing at a 6.2% CAGR
India to emerge as a highly opportunistic market, documenting a value of US$ 224.8 Million
China and Japan to document value CAGRs of 2.3% and 7.8% respectively until 2032
Global IT asset management market to nearly double during the forecast period
Driving Factors for Market Growth
The study identifies several driving factors propelling the growth of the IT asset management market. The increasing adoption of cloud-based IT asset management solutions, coupled with the growing demand for efficient asset tracking and inventory management, is boosting market expansion. Additionally, the rising focus on optimizing IT infrastructure and reducing operational costs is stimulating the uptake of IT asset management solutions across various sectors. Furthermore, the surge in data breaches and security threats is driving the need for robust IT asset management practices, fueling market growth.
Challenges to the Global Market
Despite the favorable growth prospects, the IT asset management market faces certain challenges. Complex IT environments, data security concerns, and interoperability issues pose hurdles to the seamless implementation of asset management solutions. Moreover, the initial setup cost and ongoing maintenance expenses might deter some businesses from adopting advanced IT asset management practices. However, the report highlights the importance of overcoming these challenges to unlock the market’s full potential.
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Competitive Landscape
Players in the global IT Asset Management Market focus on expanding their global reach through various strategies, such as; partnerships, collaborations, and partnerships. The players are also making a significant investment in R&D to add innovations to their products which would help them in strengthening their position in the global market. Some of the recent developments among the key players are:
In July 2021, Snow Software introduced Snow Atlas, the first integrated platform built to help organizations discover, monitor, and optimize their technology investments both on-premises and in the cloud. The first solutions available on the new cloud-native platform are SAM, SaaS management, and ITSM integrations which were earlier delivered as a service, are now in early access.
In May 2021, Flexera introduced interoperability between its Software Vulnerability Manager solution and VMware Workspace ONE Unified Endpoint Management. Through this interoperability, customers will be able to identify, prioritize, and satisfy the need for third-party patch deployment to remediate software vulnerabilities.
Know More about What the IT Asset Management Market Repost Covers
Future Market Insights offers an unbiased analysis of the global IT Asset Management Market, providing historical data for 2015-2021 and forecast statistics from 2022-2032. To understand opportunities in the IT Asset Management Market, the market is segmented on the basis of enterprise size, deployment, and end-use across five major regions.
Key Segments Covered in the IT Asset Management Industry Report
IT Asset Management by Enterprise Size:
IT Asset Management for SMEs
IT Asset Management for Large Enterprises
IT Asset Management by Deployment:
On-Premise IT Asset Management Deployment
Cloud-based IT Asset Management Deployment
Hybrid IT Asset Management Deployment
IT Asset Management by End-Use:
IT Asset Management for BFSI
IT Asset Management for Telecom and IT
IT Asset Management for Healthcare
IT Asset Management for Transportation
IT Asset Management for Government
IT Asset Management for Energy and Utilities
IT Asset Management for Manufacturing
IT Asset Management for Other End Use Industries
IT Asset Management by Region:
North America IT Asset Management Market
Latin America IT Asset Management Market
Europe IT Asset Management Market
Asia Pacific IT Asset Management Market
Middle East and Africa IT Asset Management Market
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Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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Digital Workplace Market Portfolio & Snapshot: 2028
Digital Workplace Market by Component (Solutions [Unified Communication and Collaboration, Unified Endpoint Management, Enterprise Mobility and Management] and Services), Deployment, Organization Size, Vertical, and Region (North America, Europe, Asia-Pacific, Middle East and Africa and South America)
The global digital workplace market size is projected to reach a CAGR of 22.5% from 2021-2028.
Digital workplace helps employees work efficiently without compromising the ongoing operations. The digital workplace ecosystem includes laptops and computers, smartphones, mobile devices, and collaboration applications, virtual assistant technology, and immersive workspaces. There are numerous software, solutions, and tools available, which make the workplace easy, convenient, and flexible to work for the employees.
Availability of new technologies and tools and employees demand greater flexibility in terms of work-life balance are some of the factors that have supported long-term expansion for Digital Workplace Market.
The impact of the COVID-19 pandemic on the market has been covered throughout the report. The pandemic has had a positive impact on the digital workplace market growth. The major reason for the positive impact on the market is a rise in the demand for cloud-based business continuity tools and rise in adoption of business continuity tools and workplace solutions due to COVID-19.
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Regional Analysis
North America is expected to be the most promising region for major verticals, such as telecommunication and ITes, BFSI, and manufacturing. North America is the most mature market in terms of adopting digital workplace solutions and services. Considering the fact that the region is home to a huge number of enterprises and has the abundant technical expertise, it adopts digital workplace solutions and services to help enterprises have advanced IT infrastructures.
Competitive Landscape
Key Players
DXC Technology Company
IBM
HCL Technologies Limited
Atos SE
NTT Data Corporation
Citrix Systems, Inc.
Tata Consultancy Services Limited
Wipro Limited
Infosys
Accenture
Fujitsu
HCL Technology
Capgemini
NTT Data
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Recent Developments
In February 2021, Accenture announced the acquisition of Imaginea, a provider of a cloud-based platform. The acquisition will enable Accenture to enhance offerings of cloud-based services for digital services and solutions.
In December 2020, Atos joined forces with Vodafone Spain to launch a new digital workplace offering for Vodafone Business customers in Spain.
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Gain authentic and granular data access for Digital Workplace Market so as to understand the trends and the factors involved behind changing market situations
Qualitative and quantitative data utilization to discover arrays of future growth from the market trends of leaders to market visionaries and then recognize the significant areas to compete in the future
In-depth analysis of the changing trends of the market by visualizing the historic and forecast year growth patterns
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Report Scope:
Digital Workplace Market is segmented into component, deployment, organization size, vertical and region.
On the basis of Component
solutions
services
On the basis of Deployment
On-premises
Cloud
On the basis of Organization Size
Large Enterprises
SMEs
On the basis of Vertical
BFSI
Consumer goods and retail
Telecommunication and ITes
Manufacturing
Healthcare and pharmaceuticals
Government and public sector
Media and entertainment
On the basis of Region
Asia Pacific
North America
Europe
South America
Middle East & Africa
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Korean Managed Security Services Market - Forecast(2024 - 2030)
Korean Managed Security Services Market Overview
Korean Managed Security Services Market size was valued at US$ 11.79 billion in 2020 and is estimated to grow at a CAGR of 11.28% during the forecast period 2021-2026. With the increasing penetration of digitalization in business organizations and massive adoption of cloud based applications in Korea, the demand for the Korean Managed Security Services Market is estimated to gain huge traction. The alarming growth in the number of sophisticated cyber-attacks such as multi-vector Distibuted Denial of Services (DDoS) attacks, SQL injection has resulted in the growth of the market. The increasing security breaches in BFSI sector has contributed to the growth of strong regulation and compliance requirements. The growing concerns among Korean Government bodies and enterprises to protect confidential data from security breaches have accelerated the demand for threat detection, endpoint security and stringent security policy implementation. Moreover, the growing demand for outsourcing security services to increase operational efficiency and rising adoption of firewall management among enterprises to ensure network security are analyzed to drive the market during the forecast period 2021-2026. According to Economic Times reports, South Korea will be investing USD 5.3 billion into science and ICT research work in 2021. Such investments are estimated to fuel the market growth during 2021-2026.
Report Coverage
The report: “Korean Managed Security Services Market – Forecast (2021-2026)”, by IndustryARC covers an in-depth analysis of the following segments of the Korean Managed Security Services Market
By Type: Firewall Management, Intrusion Detection & Prevention Management, Secure Web Gateways, Unified Threat Management, Secure SD WAN, Identity & Access Management, Endpoint Security Services, Managed Monitoring & Compliance Services, Cloud Security Services, Others.
By deployment: Cloud, On-site MMS, Hybrid MMS.
By Organization Size: Micro/ Small & Medium-Sized Enterprises, Large Enterprises.
By Industry Vertical: Defense, Banking, Financial Services and Insurance (BFSI), Telecommunications and IT, Healthcare, Education, General Manufacturing, Retail and E-commerce, Logistics & Transportation, Government and Public Sector, Others.
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Key Takeaways
Cloud deployment is estimated to dominate the market during 2021-2026 due to its hassle-free deployment and pay per usage model.
BFSI sector is analyzed to hold the major market share growing at a CAGR 12.56% during 2021-2026 owing to rising cyber-attack in the sector.
Increasing penetration of digitalization and alarming growth in number of cyber-attacks are analyzed to drive the market.
Lack of awareness about cyber-security among many enterprises is one of the challenges impeding the growth of the market.
Korean Managed Security Services Market Segment Analysis – By Deployment
By deployment, Korean Managed Security Services has been segmented into cloud, on-site MMS and hybrid MMS. Cloud Segment held the major market acquiring a share of 34% in 2020 and is estimated to dominate the market growing at a CAGR 13.78% during the forecast period 2021-2026 owing to reduced operational cost and higher scalability. The increasing adoption of cloud infrastructure in various business organizations has significantly triggered the growth of the market. Cloud-based deployment removes the hassle of maintaining and updating systems to fulfill business strategies. With this deployment, data can be synchronized seamlessly from multiple sources as it provides the ability to communicate and share data more easily than on-premise. Moreover, advanced benefits of cloud deployment such as ease of deployment, and pay per usage model is analyzed to drive the market. According to reports, in June 2019, KT, a South Korean telecommunication firm announced to invest USD 421 million to expand cloud computing businesses. Such investments are anticipated to boost the market during 2021-2026.
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Korean Managed Security Services Market Segment Analysis – By Industry Vertical
By industry vertical, Korean Managed Security Services has been segmented into Defense, Banking, Financial Services and Insurance (BFSI), Telecommunications and IT, Healthcare, Education, General Manufacturing, Retail and E-commerce, Logistics & Transportation, Government and Public Sector and Others. BFSI sector is analyzed to dominate the market during the forecast period 2021-2026. BFSI is also anticipated to witness the fastest growth with a CAGR of 12.56% owing to increasing cyber-attacks. The drastic technology-based changes in BFSI sector has led to massive and large volume of data generation and processing. The banking sector has adopted cloud based storage techniques to simplify the digital banking processes. Improper or weak integration of IT infrastructure to facilitate mobile banking can lead to disruption of services, information leakage, false data injection or forceful access of data by unauthorized personnel. BFSI sector holds sensitive and confidential financial data which must be protected to avoid data breaches and cyber-attacks. With the increasing demand for securing networks from vulnerable attacks in BFSI sector the demand for managed security services has gained a huge traction. In April 2020, KB Bank, a South Korean bank has signed an agreement with Trustonic, a UK-based cyber security provider to make its mobile banking app more secure. Such partnerships are set to drive the market during 2021-2026.
Korean Managed Security Services Market Drivers
Rapid transition towards digitalization is set to drive the market during 2021-2026
The increasing convergence of digitalization with different industry verticals has resulted into large volume of data generation. Increasing penetration of High speed machine-to-machine (M2M) communication, digital banking platforms, E-commerce and massive transition towards cloud infrastructure have accelerated the demand for unified monitoring and cyber threat prevention. The growing need among business organizations for outsourcing security services to alleviate the pressures for protecting IT assets and ensuring information security has contributed to the growth of the market. The massive adoption of cloud applications has led to growth in a number of data centers and massive growth of data centers has also resulted into high demand for cloud security services and security audit & assessment have significantly triggered the market growth for managed security services. In November 2020 SK Telecom announced to merge it’s two subsidiaries SK Infosec and ADT Caps to dominate South Korean Security services market by developing innovative security solutions and platforms. Such collaborations are set to drive the market from 2021 to 2026.
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The exponential growth in sophisticated Cyber-attacks is boosting the market growth
Increasing adoption of digital business strategy to generate new business outcomes leveraging IoTs, cloud computing has attracted cyber-terrorists or hackers to target web servers or online services or devices. With the quick and massive adoption of digitalization in Defense, Banking & Finance and advancements in E-commerce, IT & Telecommunication has contributed to the growth of Korean Managed Security Services. Banking sector has adopted cloud based storage techniques to simplify the digital banking processes. Weak IT infrastructure in BFSI sector can lead to disruption of services, information leakage, false data injection or forceful access of data by unauthorized personnel. BFSI sector holds sensitive and confidential financial data which must be protected to avoid security breaches and cyber-attacks. The increasing number of malicious network attacks, identity theft have fueled the demand for around the clock monitoring, anti-virus protection to ensure the safety of IT assets and thus accelerating the adoption. Increasing concern among organizations about the goodwill and loss of productivity when they are threatened with cyber-attacks is analyzed to accelerate the market growth during the forecast period 2021-2026. In November 2019, SK Telecom and Kakao signed a strategic partnership and announced to swap shares valuing USD 256 million to accelerate the digital business strategies. Such partnerships are set to propel the market growth during 2021-2026.
Korean Managed Security Services Market Challenges
Lack of awareness about digital security among enterprises is hampering the adoption in Korea
According to the South Korean Ministry of Science and ICT, South Korea has suffered 127 ransomware attacks in 2020. The increasing number of cyber threats and attacks in Korean organization network have made it inevitable for enterprises to adopt Managed Security Services to get real-time protection from sophisticated web security threats and attacks. But, many small and medium enterprises in this region are still reluctant about adopting additional security services against cyber-attacks. Lack of technical awareness among various enterprises about mitigating the risks associated with cyber threats is hampering the adoption. However, increasing investments towards cyber-security in Korea is set to offset this challenge and promote a healthy growth during the later stages of 2021-2026 in this region.
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Korean Managed Security Services Market Landscape
Product launches, acquisitions, Partnerships and R&D activities are key strategies adopted by players in the Korean Managed Security Services Market. In 2020, the market of Korean Managed Security Services industry outlook has been fragmented by several companies. Korean Managed Security Services top 10 companies include:
SK Infosec
Ahn Lab INC
IGLOO Security, Inc.
IBM Corporation
AT&T Inc.
Ahope Co Ltd.
AirCUVE Inc.
eGlobal System Co Ltd.
Seculetter Co Ltd
NexG Co Ltd.
Acquisitions/Product Launches
In April 2021, AhnLab announced to collaborate with LG CNS, the information technology wing of South Korea's LG Group to cooperate in cloud security businesses.
In October 2020, Seculetter announced a partnership with BlueZebra for accelerating security management platform.
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Unlocking Security: A Comprehensive Guide to Network Access Control (NAC)
Ultimate Guide to Choosing the Best Network Access Control Software
In the era of digital transformation, securing network access has become paramount for organizations of all sizes. With the increasing complexity of networks and the surge in cyber threats, Network Access Control (NAC) software has emerged as a critical component of a robust cybersecurity strategy. NAC solutions enable organizations to prevent unauthorized access, enforce security policies, and ensure compliance across their networks. But with a plethora of options available, how do you choose the best NAC software for your organization? Let's dive in to understand the key features to look for and how market intelligence reports, such as those from Quadrant Knowledge Solutions, can guide your decision-making process.
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Understanding Network Access Control (NAC)
At its core, NAC solutions provide visibility into and control over who and what is accessing your network. They identify devices and users, assess device compliance with security policies, and enforce policies by granting or denying access to the network. Key features of top-tier NAC software include:
Device Visibility and Profiling: The ability to identify and classify devices connecting to your network.
Compliance Enforcement: Ensuring that only devices compliant with your security policies can access the network.
Guest Access Management: Securely managing access for guests, contractors, and other non-employee users.
Policy Lifecycle Management: The ability to create, manage, and retire access policies in an efficient manner.
Top Network Access Control Software Options
Here are the top 5 Network Access Control software options that stand out for their performance, feature sets, and customer satisfaction.
Cisco Identity Services Engine (ISE)
Cisco ISE is a comprehensive solution that offers deep visibility into your network, automating and enforcing security and compliance across wired, wireless, and VPN connections. It excels in providing detailed device access control, identity management, and policy enforcement. Cisco ISE integrates seamlessly with other Cisco security products, making it an ideal choice for organizations heavily invested in the Cisco ecosystem.
Fortinet FortiNAC
Fortinet FortiNAC delivers powerful network visibility capabilities, control over IoT security, and automated threat response. It is designed to provide granular control over network access and to work seamlessly with Fortinet’s Security Fabric for an integrated security posture. FortiNAC is known for its scalability, making it suitable for both small businesses and large enterprises.
Aruba ClearPass
Aruba ClearPass offers a versatile NAC solution that excels in multi-vendor environments. It provides advanced policy management, guest access options, and IoT security, ensuring that only compliant devices can connect to your network. ClearPass is celebrated for its ease of use, robust reporting, and analytics capabilities, making it a great choice for organizations looking for detailed insights into their network activity.
Forescout CounterACT
Forescout CounterACT is renowned for its agentless approach to network access control, allowing it to discover, classify, and control devices the moment they connect to the network—without requiring agents to be installed on endpoints. This capability is particularly beneficial in environments with a diverse array of devices and IoT. CounterACT offers comprehensive visibility, policy-based controls, and automated responses to security incidents.
Sophos NAC
Sophos NAC is designed to integrate seamlessly with Sophos' endpoint and network security solutions, providing a unified approach to security policy enforcement. It offers straightforward management, visibility into guest and BYOD (Bring Your Own Device) access, and compliance checks. Sophos NAC is appreciated for its ease of deployment and management, making it a solid choice for organizations looking for an effective yet manageable NAC solution.
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Importance of Market Intelligence in Decision Making
When it comes to choosing the right NAC software, leveraging market intelligence can significantly streamline the decision-making process. Reports from reputable market intelligence firms, such as Quadrant Knowledge Solutions, offer invaluable insights that can help organizations navigate the complex NAC market.
Quadrant Knowledge Solutions' Market Intelligence report on Network Access Control provides an in-depth analysis of market dynamics, key trends, and competitive landscapes. The report includes:
Market Share: Network Access Control, 2022, Worldwide: This offers a snapshot of the current market scenario, highlighting the leading vendors and their market positions. Understanding market share gives an insight into which vendors are the most popular and why, helping you to narrow down your options.
Market Forecast: Network Access Control, 2022-2027, Worldwide: This projection helps organizations understand how the NAC market is expected to evolve, which is crucial for making informed, future-proof decisions. The forecast can guide your investment by indicating which technologies and vendors are on an upward trajectory.
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How Quadrant Knowledge Solutions' Report Benefits Your Growth
Quadrant Knowledge Solutions' Market Intelligence report is not just about numbers; it's a strategic tool that can fuel your organization's growth. By providing a comprehensive analysis of the NAC market, it helps identify the key players and their strengths, enabling you to choose a platform that not only meets your current needs but also aligns with your long-term growth strategies. Furthermore, the report's insights into market trends and forecasts empower you to stay ahead of the curve, ensuring that your NAC solution remains effective against evolving cyber threats.
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Managed Security Services Market Outlook: Growth and Development Forecast (2023-2035)
Managed Security Services Market Global Demand Analysis & Opportunity Outlook 2035” which delivers detailed overview of managed security services in terms of market segmentation by solution type, security type, deployment mode, enterprise size, end-user, and by region.
Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with detailed discussion on current and future market trends that are associated with the growth of the market.
Managed Security Services Market Statistics
USD 25 billion revenue in 2022
Record USD 62 billion revenue by 2035
The market size slated to observe 14% growth rate through 2023-2035
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The Internet has been one of the most transformative and fast-growing technologies. According to The World Bank, as of 2020, 60% of the population. Increasing internet penetration is driving the need to manage internet security, especially for organizations. This is a key factor driving the global managed security services market, which is estimated to generate a revenue of approximately USD 58 Billion by 2035 by growing at a CAGR of nearly 15% over the forecast period, i.e., 2023 – 2035.
The growth of the market can also be attributed to growing trends of BYOD among organizations. The market is segmented by solution type into identity & access management, firewall management, intrusion detection & prevention, distributed denial of services, endpoint security, unified threat management, secured information & event management, out of which, the intrusion detection & prevention segment is anticipated to hold the largest share on the back the capability of this solution to secure network and monitor network traffic for signs of possible attacks.
Geographically, the global managed security services market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region, out of which, North America is anticipated to hold the largest market share owing to owing to increasing cases of security breach in the region. Additionally, Asia-Pacific region is estimated to witness fastest growth during the forecast period.
The research is global in nature and covers detailed analysis on the market in North America (U.S., Canada), Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC [Finland, Sweden, Norway, Denmark], Poland, Turkey, Russia, Rest of Europe), Latin America (Brazil, Mexico, Argentina, Rest of Latin America), Asia-Pacific (China, India, Japan, South Korea, Indonesia, Singapore, Malaysia, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of Middle East and Africa).
In addition, analysis comprising market size, Y-O-Y growth & opportunity analysis, market players’ competitive study, investment opportunities, demand for future outlook etc. has also been covered and displayed in the research report.
According to recent study by Research Nester, the market size is anticipated to surpass USD 62 Bn by 2035 and is projected to expand at CAGR of over 14% from 2023 to 2035.
Major players include in the global Keyword market:
IBM,
SecureWorks, Inc.,
Verizon,
Trustwave Holdings, Inc.,
Broadcom Inc.,
AT&T Inc.,
BAE Systems,
CIPHER,
Accenture,
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The detailed segments and sub-segment of the market are explained below:
By Deployment Mode
On-premises Cloud By Solution Type
Identity & Access Management Firewall Management Intrusion Detection & Prevention Distributed Denial of Services Endpoint Security Unified Threat Management Secured Information & Event Management By Security Type
Network Security Cloud Security Endpoint Security Application Security By Enterprise Size
Small & Medium-sized Enterprises Large Enterprises By End User
BFSI IT & Telecommunications Government & Defense Manufacturing Healthcare Retail Energy and Utilities Others
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Growing Incidences of Security Breach in Organizations Resulting in Data Loss to Boost Market Growth
Cyber security breaches are growing continuously in both frequency and sophistication. Organizations are frequently falling victim to attacks leading to disruption in operation and losing significant revenue and reputation. Keeping up with the incredibly fast evolving cyber threats, organizations choose to shift to outsourced security resources to gain security expertise and lessen the expenditure. With organisations leveraging the flexibility of hybrid cloud benefits to create a unified security approach and manage their security strategy efficiently, demand for managed security services is increasing exponentially. These factors are majorly fostering the growth of the global managed security services market.
However, lack of capital resources in mostly SMEs, skilled IT professionals to handle challenging situations, and reluctance and trust issues on third-party applications to share sensitive data are expected to operate as barriers to the growth of global managed security services market over the forecast period.
This report also provides the existing competitive scenario of some of the key players of the global managed security services market which includes company profiling of NTT Limited, among others. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments.
On the whole, the report depicts detailed overview of the global managed security services market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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