Enterprise IT Security Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

MARKET OVERVIEW

The cyber threat landscape is continuously developing with the progression in technologies such as blockchain technologies, digital file-sharing platforms, online payment transaction models, and digital partnership and marketing tools. Such technologies upsurge the potential risk factors for cybersecurity threats which thereby boost the enterprise IT security market. The rising number of cyber-attacks, the deployment of cloud solutions, and the proliferation of smart devices are the factors driving the market's expansion. With the increased use of devices with intelligent and IoT technologies, cyber threats are expected to evolve. As a result, organisations are expected to adopt and deploy advanced cyber security solutions in order to detect, mitigate, and minimise the risk of cyber-attacks, driving market growth.

MARKET SCOPE

The "Global Enterprise IT Security Market Analysis to 2031" is a specialized and in-depth study with a special focus on the global market trend analysis. The report aims to provide an overview of the enterprise IT security market with detailed market segmentation by type, enterprise size, and geography. The report provides key statistics on the market status of the leading enterprise IT security market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

• Based on type, the market is segmented into enterprise network security, enterprise endpoint security, enterprise content security, enterprise cyber security, and other.
• Based on enterprise size, the market is segmented into large enterprises and SMEs.

MARKET DYNAMICS

Drivers  

• The increasing cybercrimes, malware attacks, and online threats across public and private organizations are some of the major factors driving the growth of the enterprise IT security market.
• Governments and regulators are setting new rules and standards to prevent cyber attacks which is another factor anticipated to boost the growth of the enterprise IT security market.

Restraints

• Lack of expertise may hinder the growth of the enterprise IT security market.

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 concerning five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The enterprise IT security market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both the demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trends. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social, and technological factors affecting the enterprise IT security market in these regions.

IMPACT OF COVID-19 ON ENTERPRISE IT SECURITY MARKET

COVID-19 first began in Wuhan (China) in December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms of confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. The shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in the global market. Few companies have already announced possible delays in product deliveries and slumps in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting business collaborations and partnerships opportunities.

MARKET PLAYERS

The report covers key developments in the enterprise IT security market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals, and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved the way for the expansion of the business and customer base of market players. The market players from the enterprise IT security market are anticipated to have lucrative growth opportunities in the future with the rising demand in the global market. 
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the enterprise IT security market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.

• Avast Software s.r.o.
• Check Point Software Technologies Ltd
• Cisco Systems, Inc.
• Citrix Systems, Inc.
• Dell Inc.
• Fortinet, Inc.
• F-Secure
• Hewlett Packard Enterprise Development LP
• IBM
• Sophos Ltd.

The Insight Partner's dedicated research and analysis team consists of experienced professionals with advanced statistical expertise and offers various customization options in the existing study.

Enterprise IT Security Report Scope