|By Business Wire||
|January 17, 2014 02:14 PM EST||
Research and Markets (http://www.researchandmarkets.com/research/tbv67d/global_it) has announced the addition of the "Global IT Security Spending Market Forecast & Opportunities, 2016" report to their offering.
One of the major drivers is the need to improve the quality of protection. As the frequency of attacks is increasing, organizations are increasingly implementing IT security solutions that efficiently monitor and provide enhanced protection.
Commenting on the report, an analyst from the team said: One of the major trends witnessed in the market is the increasing demand for cloud-based security solutions. The demand for cloud-based security solutions is increasing in the Global IT Security Spending market, primarily because of the significant advantages attributed to such solutions. Moreover, companies are finding it difficult to manage standalone or integrated network components because of issues such as budget constraints, and lack of resources and expertise to address security issues. Hence, companies are increasingly opting for cloud-based IT security solutions, which are cost-effective, compliant with PCI DSS, and offer round-the-clock monitoring of the system. Therefore, the increasing demand for cloud-based solutions is expected to contribute to the growth of the Global IT Security Spending market during the forecast period.
The quality of protection can also be enhanced by outsourcing security responsibilities to service providers that have core expertise in this field. Hence, more end-users are adopting IT security services, a trend which is supporting the growth of the Global IT Security Spending market.
Further, the report states that one of the major challenges faced by the vendors in the market is the high cost of implementation. Despite the potential benefits provided by IT solutions, certain organizations refrain from investing in such solutions owing to the high costs associated with them. In addition, there are certain hidden costs involved in the maintenance of such solutions. Factors like these discourage end-users from adopting these solutions, thereby affecting the growth of the Global IT Security Spending market.
The key vendors dominating this market space are:
- Check Point Software Technologies Ltd.
- Cisco Systems Inc.
- EMC Corp.
- Fortinet Inc.
- Hewlett-Packard Co.
- Juniper Networks Inc.
- McAfee Inc.
- Palo Alto Networks Inc.
- Sourcefire Inc.
- Symantec Inc.
- Trend Micro Inc.
Key Topics Covered:
01. Executive Summary
02. Scope of the Report
03. Market Research Methodology
04. List of Abbreviations
06. Market Description
07. Market Landscape
08. Geographical Segmentation
09. Buying Criteria
10. Market Growth Drivers
11. Drivers and their Impact
12. Market Challenges
13. Impact of Drivers and Challenges
14. Market Trends
15. Trends and their Impact
16. Vendor Landscape
17. Key Vendor Analysis
For more information visit http://www.researchandmarkets.com/research/tbv67d/global_it
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