The report recognizes the following companies as the key players in the Global Enterprise Cyber Security Market 2015-2019: Cisco Systems Inc., McAfee Inc., Symantec Corp., TrendMicro Inc. and Websense Inc.
Other Prominent Vendors in the market are: Barracuda Networks, Blue Coat Systems, Check Point SoftwareTechnologies, ClearSwift, FireEye, Fortinet, IBM, Juniper, Kaspersky Lab, Sophos, TripWire, Trustwave, Webroot and Zscaler.
The report said: “Greater demand for cloud-based security solutions is a strong trend that will continue to affect the market positively. End users, both large enterprises and SMEs, prefer these security solutions because they are cost-effective and can be easily managed.”
According to the report, the need for advanced data security solutions is a major driver of the market. Volume of data in organizations, including records, web-log files, sensor data, and social networks, is growing exponentially. Organizations in the BFSI sector in particular, require advanced data security solutions to prevent frauds and unauthorized payments, and keep track of the large volumes of data generated.
Further, the report states that the high cost of implementing cyber security solutions poses a serious challenge for the market.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Source: ASDReports - Market Research
Date: May 7, 2015