Lewes, DE -- (SBWire) -- 04/28/2015 --Report forecast the IT Security market in China to grow at a CAGR of 11.39 percent over the period 2014-2019.
IT security protects system data and information over a network. It prevents unauthorized access of data and also prevents its modification. IT security deals with the measures taken to detect, monitor, report, and counter data threats. It includes security hardware, software, and services that focuses on security of important parameters, which includes email security, data protection, compliance, web security, data loss prevention, architecture, governance, security information and event management, and identity and access. IT security has been gaining prominence over the years with an increase in data hacking activities, which cannot be addressed by traditional defense mechanisms.
The report covers the present scenario and growth prospects of the IT Security market in China for the period 2015-2019. To calculate the market size, the report considers the revenue generated from the following product segments of the IT Security market in China:
- Hardware: Integrated Firewall/VPN, UTM, Content Management, IPS, IDS, and VPN
- Services
- Software
The major end-users listed in the market are described below:
- SMEs: This segment includes organizations that have less than 10,000 employees and generate revenue of less than US$100 million
- Large Enterprises: This segment includes organizations that have more than 10,000 employees and generate revenue of more than US$100 million
- Government Organizations: This segment includes all government agencies and institutions that are funded and managed by government authorities
According to the report, high dependence on the Internet is a major growth driver for the market. Increased usage of the Internet has exposed sensitive data, such as corporate emails and critical business information, to a number of cyber threats. Therefore, companies are adopting security products and services to protect their networks and provide employees with safe access.
Further, the report states that the high implementation costs of security products pose a challenge for the market.
IT Security Market in China 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects in the coming years. The report includes a discussion of the key vendors operating in this market.
Key key players in the IT Security Market in China 2015-2019: CA Technologies Inc., Check Point Software Technologies Ltd., Cisco Systems Inc., Emc² Corp., IBM Corp., Juniper Networks Inc. and Symantec Corp.
Other Prominent Vendors in the market are: Dell SonicWall, Fortinet, F-Secure, McAfee, Sophos, TrendMicro
Market Driver
- Increased Dependency on Internet
- For a full, detailed list, view our report
Market Challenge
- High Implementation Cost
- For a full, detailed list, view our report
Market Trend
- Increased Demand for Cloud-based Security Solutions
- For a full, detailed list, view our report
Key Questions Answered in this Report
- What will the market size be in 2019 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?
Spanning over 98 pages, "IT Security Market in China 2015-2019" report covers Executive Summary, List of Abbreviations, Scope of the Report, Market Research Methodology, Introduction, Market Description, Market Landscape, BYOD Implementation: Market Opportunities, Product Lifecycle Analysis, Market Segmentation by Product, Market Attractiveness, Buying Criteria, Market Growth Drivers, Drivers and their Impact, Market Challenges, Impact of Drivers and Challenges, Market Trends, Trends and their Impact, Vendor Landscape, Key Vendor Analysis.
For further information on this report, please visit- http://www.marketresearchreports.com/technavio/it-security-market-china-2015-2019
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