Wednesday 13 May 2015, Amsterdam
The report recognizes the following companies as the key players in the IT Security Market in China 2015-2019: CA Technologies Inc., Check Point Software Technologies Ltd., Cisco Systems Inc., Emc² Corp., IBM Corp., Juniper Networks Inc. and Symantec Corp.
Other Prominent Vendors in the market are: Dell SonicWall, Fortinet, F-Secure, McAfee, Sophos, TrendMicro
The report said: “The market is expected to witness significant growth during the forecast period, given the increased demand for cloud-based security solutions. Advances in technology have compelled vendors to offer cloud-based security solutions to increase their market share.”
According to the report, high dependence on the Internet is a major growth driver for the market. Increased usage of the Internet has exposed sensitive data, such as corporate emails and critical business information, to a number of cyber threats. Therefore, companies are adopting security products and services to protect their networks and provide employees with safe access.
Further, the report states that the high implementation costs of security products pose a 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.