Wednesday 29 July 2015, Amsterdam
The report recognizes the following companies as the key players in the Global IT Security Spending Market: Check Point Software Technologies Inc., Cisco Systems Inc., EMC? Corp., Fortinet Inc., Juniper Networks Inc., McAfee Inc., Palo Alto Networks Inc., Symantec Corp, and Trend Micro Inc.
Other Prominent Vendors in the market are: Akamai Technologies, Avast Software, AVG Technologies, Barracuda Networks, Citrix Systems, Dell SonicWALL, F5 Networks, Hewlett-Packard, Radware, IBM, Imperva, Microsoft, Panda Security, Sophos, and Trustwave Holdings.
Commenting on the report, an analyst said: “The growing demand for cloud-based security solutions is a major trend observed in this market. Cloud-based solutions offer advantages like cost effectiveness and round-the-clock monitoring. These solutions help companies to manage difficult standalone or integrated network components.”
According to the report, the growing demand for operational efficiency is a critical driver that augments growth in this market. IT solutions aid in securing sensitive data from unauthorized access and also help to analyze real-time and historical trends of business activities. This helps in identifying risk areas and ensures optimized performance.
Further, the report states that the high cost of implementing IT solutions is one of the primary challenges faced by this market. Apart from the high implementation costs, IT solutions have a few hidden expenses such as maintenance, software upgrades, and maintaining a talent pool to monitor the IT solution’s performance.
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.
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