Global Information Security Market Intelligence

Global Information Security Market Description

The global information security market is currently estimated to be worth $98.96 billion and is expected to reach $134.24 billion by 2021, growing at a CAGR of 10.7 percent. North America and Europe are the leading contributors for information security while the APAC region is set to experience the fastest growth. Industries spending on information security are insurance, government & utilities, banking, and manufacturing. The IT security market is divided into network security, cloud security, application security, wireless security, and content/data security. Top suppliers are Okta, Symantec, CA Technologies, Tenable Network Security and Fortinet.

The report provides a detailed overview of the global information security market and the regional market share in information security. The report analyzes the key trends in IT security software and identifies key software segments. The IT security industry outlook is analyzed in the report and top suppliers are examined. The report presents an overview of industry spending on information security and the market segmentation of the basic need-based security services offered by service providers. The report also includes an analysis of key technology trends in the field of global information security.

Beroe gathers intelligence through primary sources that include industry experts, researchers, and consultants, as well as current suppliers, producers and distributors. Secondary sources can include business journals, newsletters, magazines, market research data, company sources, and industry associations. Following data collation, analysis, and strategic review, the Final Research Report is published on Beroe LiVE.

Report Coverage

Market Segmentation
IT Security – Industry Outlook

Global Information Security Market Trend, Analysis & Forecast

Category Intelligence on Global Information Security covers the following

Information relating to market, supply, cost, and pricing analysis
Hard to find data on cost and TCO models, supplier details, and performance benchmarks
Macroeconomic and regional trends impacting cost, supply, and other market dynamics
Category-specific negotiation and sourcing advice

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Executive Summary

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Market Analysis

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Supply Analysis

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Cost & Pricing Analysis

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Best Practices

Global Information Security Executive Summary
Global Information Security Market Overview
Global Information Security Market Segmentation
Global Information Security Key Technology Trends
Global Information Security IT Security – Industry Outlook

Global Market Outlook on Information Security Market

The global IT security market comprises of a number of segments, based on the type of security attack or component of security addressed or by the nature of software provided. Application security was the largest segment, contributing to over US$ 18 billion to worldwide spend in 2017.

The worldwide spend on information security or cybersecurity was US$ 89.39 billion in 2017. It is expected to reach US$ 134 billion by 2021, growing at a CAGR of 10.7 percent
North America and Europe are the leading contributors for Information security, with APAC set to experience the fastest growth
Application security was the largest segment contributing to over US$ 18 billion to worldwide spend in 2017
The IT security market is a continuously evolving market with different solution segments at different levels of maturity.While 5 basic need-based segments can be identified, in terms of software or solution sub-categories offered, there is a considerable overlap, due to same set of suppliers with integrated offerings

Key Technology Trends

Memory protection and exploit prevention for endpoint threat prevention

Signature-based approach does not have capabilities in identifying advanced treats. Non-signature methods, like behavior analysis, coupled with machine learning, help mitigate memory exploitation

CASB to extend security beyond existing infrastructure

CASB is a tool or service that is placed between on-premise infrastructure and cloud provider’s infrastructure that can extend security policies to all the cloud applications. They provide control point, necessary to manage all the applications simultaneously, including identification of unsanctioned usage across cloud applications
The data that CASBs collect can be used for reasons other than security, such as monitoring cloud service usage for budgeting purposes. Vendors in the cloud access security space include Adallom, Elastica, Skyhigh Networks, and Netskope

Security Analytics: User and behavioral analytics

Has broader capabilities in security monitoring and can be used as an alternative to SIEM. User and behavioral analytics will provide user- centric analytics around user behavior and also has capabilities in analyzing applications, endpoints, and networks. A subsequent correlation analysis helps in accurately identifying the threats

IT/OT Convergence and Edge Computing

The increase in connected devices has resulted in greater focus on endpoint security through OT/IT convergence
A related development from IoT has been edge computing, where micro data centres are used to store and analyse data closer to the creation source that being sent over long routes to the centralized data centres
Edge computing reduces the vulnerability surface, as individual local data centres need to be hacked. Localized encryption and access control deployments are also favored

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