Security System Integrators Market Share - Consumption, Top Players Review and Rapid Growth by Forecast to 2023


Posted January 22, 2020 by Savnipandit

Global security system integrators market is expected to reach approximately USD 15 billion by 2023
 
According to Market Research Future analysis, the global security system integrator market is anticipated to grow at a CAGR of 10% over the forecast period, 2017-2023.

Segmentation:

According to Market Research Future, the global security system integrators market has been segmented into type, organization size, vertical, and region.

The security system integrators market is largely impacted by the way a network is deployed in an enterprise. These deployment help the enterprises in increasing the security and protection of sensitive data. The factors that help in the growth of market include the need of deployment and delivery of services, higher adoption due to factors such as growing complexities in the network due to on-premise deployment of third party services. On the basis of type, the market is segmented into application security, endpoint security, network security, data security, and others.

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On the basis of organization size, the market is segmented into small and medium enterprises, and large enterprises. Among these, the large enterprises is having the highest market and is expected to dominate the segment during the forecast period. This growth is mainly due to the ability of enterprises to invest large amounts in cloud deployment, application security, and mostly the network security. On the other hand, the small and medium enterprises are slowly adopting these security systems, due to budgetary restraints.

On the basis of vertical, the market is segmented into energy, retail, banking, manufacturing, hospitality, government, IT & telecommunication, aerospace & defense, and others. The government sector along with public sector integration of IT infrastructure is expected to grow at a fast rate due to increasing number of cyber threats and attacks. These industrial verticals possess a lot of sensitive customer data and also are dedicated to provide rapid customer service, for which there is a strong need of network and application security.

Key Players

Some of the key players in the security system integrators market share comprise of Setronics Corporation (U.S.), Cisco Systems, Inc. (U.S.), FireEye, Inc. (U.S.), Hewlett Packard Enterprise Development LP (U.S.), International Business Machines Corporation (U.S.), McAfee, LLC (U.S.), Accenture BCR (Ireland), Cognizant Technology Solutions Corporation (U.S.), Deloitte Touche Tohmatsu Limited (U.S.), HCL Technologies Limited (India), Wipro Limited (India), CIPHER Security LLC (U.S.), Integrity360 (Ireland), Vandis, Inc. (U.S.), Anchor Technologies, Inc. (U.S.), and Innovative Solutions Co (Saudi Arabia). The prominent key players and emerging start-ups are intensively innovating and investing more in research and development to present a cost-effective portfolio.

The regional segmentation of the global Security System Integrators Market has segmented the global market into regional markets namely North America, Europe, Asia Pacific, and rest of the world (RoW). North America is the biggest regional market, and it is expected to maintain the status quo during the forecast period. North America is a technologically advanced region where many enterprises are plying their services. Dominant IT sector in countries like the USA creates demand for the strong security system integrators in terms of security. Many enterprises and government agencies are moving their data, processes, and services, to the cloud which is resulting in additional risk of data loss and security. Therefore, the demand for security is always strong in this region, along with the market. Other important country-specific markets in this region are Canada and Mexico.

Europe as a regional market is closely following North America in terms of growth rate. The major factor that drives the growth of the European market is strict government regulation and policies regarding data transmission. Important country-specific markets in this region are France, Germany, and the UK.

In the Asia Pacific region, technological advancement is increasing but not at the pace of North America and Europe. The market is growing slowly in this region due to slow adoption of IT services as well as security system integrators. During the forecast period, the market growth is expected to increase due to more adoption of cloud services and development in IT infrastructure. The significant country-specific markets in this region are China, India, and Japan, followed by the remaining countries of the Asia Pacific region.

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Issued By Savni
Country India
Categories Technology
Tags security system integrators market share
Last Updated January 22, 2020