Allied Market Research adds “Internet Security Market” new report to its research database. The report provides a comprehensive analysis of current & future trends and emerging avenues for the growth of this market globally.
The rapid uptake of internet based applications ranging from education to government, retail to IT & telecommunications, BFSI to manufacturing and others are threatened by the explosive growth of virus and spam attacks. Cybercrime Practices like, Unethical-hacking, botnets, distributed denial of services (DDoS), malware, spyware, spams, viruses and other such threats, are estimated to reach a figure of$1 trillion, globally. The high burden of security threats is providing growth platform for internet security market to grow at a consistent rate.
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Recently, at an International Security Conference held at Europe, serious concerns were raised against ‘Malvertising’, i.e. Malware attack through advertisement links on web-spaces. As such attacks are continuously evolving; the need for efficient internet security solutions is highlighted. The internet security market would flourish in future mainly due to rising online financial transactions and internet usage.
Software security solutions contribute to about 80% of the overall internet security market revenue, owing to widespread adoption of individual & corporate users. However, industry leaders such as Intel, HP and Symantec are investing to develop cloud based security solutions. As an impact of these efforts, managed services would grow at the highest CAGR of 28% over the forecast period, surpassing the revenue contribution by hardware solutions.
Browse complete report: https://www.alliedmarketresearch.com/internet-security-market
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