Web Protection Market, by Type (Hardware, Software), by Technology (Authentication, Access Control Technology, Cryptography and Content Filtering), by Solution (Identity and Access Management, Risk and Compliance Management, Encryption, Data Loss Prevention, Firewall, Anti-Virus or Anti Malware, Disaster Recovery, Others), by Application (IT & Telecommunications, BFSI, Retail, Government, Education, and Aerospace & Defense) –Global Insights, Trends and Forecast, 2017-2025

Created On: Jun-2018
Report ID: IR114
Format: PDF

Market Introduction

Demand for web protection has increased tenfold on account of rising incidences of cyber terrorism and data theft. Web protection market has gained significant traction among commercial internet users, government network infrastructures, energy grids, industrial control systems and financial database centers among others. In 2018, The National Counter Terrorism Authority (NACTA) built a cyber-security division in order to cope up with emerging cyber terrorism threats. According to Insights and Reports, cyber terrorism will rank among the top threats by 2021. These factors are widely responsible for the staggering growth of the web protection market.

Market Dynamics

Rising incidences of cyber threats and the severity of those threats is one of the key factors influencing growth of the web protection market at present. In 2014, JP Morgan Chase became a victim of one of the biggest cyber-attacks, where information of more than 70 million households and more than 6 million small businesses were compromised. Data that was stolen included contact details, addresses, names, and e-mail addresses as well. Further, the hack also compromised confidential information about users. Cyber threats are constantly evolving due to which the need for updated web protection system is imperative, which is also the key factor boosting the growth of the market. Some of the other factors fuelling the growth of the web protection market include rising support from the regulating bodies, rising inclination towards cloud computing and Internet of Things (IoT) and various others.

However, high costs of such software, results in an inclination towards pirated cyber security solutions, which in turn is a major factor impeding the growth of the market. Further, low security budget in small firms is another factor barring the growth of the market.

Market Segmentation and Analysis

Based on type, the web protection market has been classified into hardware and software. Further, based on technology, the market has been classified into authentication, access control technology, cryptography and content filtering.

Moreover, on the basis of solution, the market has been classified into identity and access management, risk and compliance management, encryption, data loss prevention, firewall, anti-virus or anti malware and disaster recovery among others. The web protection market also finds wide application in sectors such as IT & Telecommunications, BFSI, retail, government, education, and aerospace and defense.

Geographical Outlook

On the basis of regions, the web protection market has been classified into North America, Europe, Asia Pacific, Middle East, Africa and Latin America. North America and Europe dominated the web protection market in 2016 and is expected to retain their positions throughout the forecast period. Heightened levels of innovation in the field of web protection that is achieved from extensive research and development activities is one of the primary factor pushing the growth of the web protection market in North America.

Asia Pacific, however is expected to show an optimistic growth during the forecast period on account on account of increasing inclination towards web based and mobile based applications for business purposes. According to Insights and Reports, China and India are the most vulnerable countries for cyber threat. In 2017, India accounted for approximately 6% of the global cyber threats, while China accounted for more than 10% of the global cyber threats.

Competitive Landscape

Some of the key players operating in the field of intelligent transportation systems include IBM Corporation, Lockheed Martin, Cisco Systems, Intel Corp., and Symantec Corp. among others.

Our Research Approach Includes
  •  Market Outlining
  •  Framing discussion guide
  •  Data Validation
  • Data Analysis
  •  Re-Validation and Finalization of Data
  •  Report Insights and Publishing
Our Research Approach Includes
  •  Market Outlining
  •  Framing discussion guide
  •  Data Validation
  • Data Analysis
  •  Re-Validation and Finalization of Data
  •  Report Insights and Publishing
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