Industry Outlook and Trend Analysis
The global security system integrators market was worth USD 7.29 billion in the year 2014 and is expected to reach USD 15.48 billion by 2023, while registering itself at a compound annual growth rate (CAGR) of 8.72% during the forecast period. The security system integrators market is driven by factors, for example, rising system complexities because of mergers and acquisitions and outsider application organization, absence of talented cybersecurity experts in endeavors, developing security requirements for Internet of Things (IoT), Bring Your Own Device (BYOD) drifts, and expanding appropriation of cloud-based administrations. Besides, less awareness toward cutting edge digital dangers and trouble in growing business at a worldwide scale are the greatest difficulties for the security framework mix specialist organizations.
Security Type Outlook and Trend Analysis
On the basis of Security Type, the global security system integrators market is segmented into Application Security, Endpoint Security, Network Security, Data Security, Risk and Compliance Management and Business Continuity and Disaster Recovery. Expanding technological progressions, for example, cloud and virtual innovations are expected to positively affect market development over the estimate time frame. Also, the rising necessity for open and conveyed engineering and frameworks is additionally assessed to goad the interest for framework combination benefits throughout the following nine years.
Organization size Outlook and Trend Analysis
On the basis of Organization Size, the worldwide security system integrators market is segmented into Large Enterprises and Small and Medium-Sized Enterprises. System integration gives a financially savvy answer for IT application programming and foundation around the world. It encourages better foundation administration, decreases information excess, and keeps up information honesty, which helps in snowballing hierarchical profitability and productivity.
Industry Vertical Outlook and Trend Analysis
On the basis of Industry Vertical, the worldwide security system integrators market is segmented into Aerospace and Defense, Government, Banking, Financial Services, and Insurance, IT and Telecom, Healthcare, Retail, Manufacturing, Energy and Utilities and Other verticals. The defense and security, and medicinal services ventures are likewise anticipated that would develop at a significant rate. Other key end-utilize fragments incorporate retail, oil and gas, open segment, and car, among others. Expanding request in these divisions is relied upon to add to the general development and is required to offer a few roads for the security system integrators market.
Regional Outlook and Trend Analysis
North America held the biggest share in 2015 owing to the immense speculations made by governments for the selection of creative arrangements inside different departments. However, Asia Pacific is anticipated to be the rapid developing business sector and is expected to develop at a significant CAGR over the forecast period. This might be certifying to the globalization and virtualization of information. Moreover, inferable from a few advantages offered by system integration and solutions, Latin America and the Middle East and Africa are additionally anticipated that would make noteworthy interests in the market.
The key players of worldwide security system integrators market report incorporate Cisco Systems, HPE, IBM, Fireeye, Mcafee, HCL Technologies, Accenture, Cognizant, Deloitte and Wipro.
The Security Systems Market is segmented as follows-
By Security Type:
Risk and Compliance Management
Business Continuity and Disaster Recovery
By Organization Size:
Small and Medium-Sized Enterprises
By Industry Vertical:
Aerospace and Defense
Banking, Financial Services, and Insurance
IT and Telecom
Energy and Utilities
Other Industry Verticals
Rest of Europe
Rest of Asia Pacific
Rest of the World
United Arab Emirates
Some of the key questions answered by the report are:
What was the market size in 2014 and forecast from 2014 to 2023?
What will be the industry market growth from 2014 to 2023?
What are the major drivers, restraints, opportunities, challenges and industry trends and their impact on the market forecast?
What are the major segments leading the market growth and why?
Which are the leading players in the market and what are the major strategies adopted by them to sustain the market competition?