Information Security Products and Services Market - Size, Share, Growth, Trends and Forecast 2020

Increasing number of security breaches, sophistication of attacks and inability of existing cyber defense systems pose critical threats to any organization. Government and other data centric organizations are constantly challenged to cope up with increasing volume of data, its accessibility over a vast network and ultimately its security. Thereby, such organizations rely heavily on information security products and services to ensure confidentiality, integrity and availability of organizational data. Information security products and services perform tasks such as detection and protection against known threats, analysis and mitigation of unknown and advanced malware and investigation and remediation of breaches. With increasing automation and incorporation of cloud and mobile applications in an organization, information security systems have to be applied on various levels throughout the organization.

Based on the type of application, information security products and systems are categorized into network security, data and information security, application security, and mobile and physical security. Network security system checks for vulnerabilities in resources and policies implemented across the network, making it most crucial aspect of information security. Application security ensures robustness of client and server-side applications to avoid illegitimate passage of data and use of resources.

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Data and information security defends the data against unauthorized access, usage, modification or destruction by enforcing access controls such as identification, authentication and authorization. Increasing number of mobile applications and mobile access to organizational data has instigated the need for mobile security to protect data on mobile devices such as smart phones, tablets and laptops. Physical security measures such as denying unauthorized physical access to resources, equipment and facilities and sound construction of property ensures safety against theft, espionage, terrorist attacks and natural calamities such as earthquakes, storms, etc.

Some of the major drivers for information security market include increasing volumes of critical data, increasing instances of security breaches, constant threat of attacks and outdated cyber defense systems in an organization. Other key factor contributing to information security market growth is adoption of Software as a Service (SaaS) based security solutions which enable organizations to reduce IT support costs by outsourcing their security requirements. Big data security analytics provides an applicable solution to deal with critical issues such as increasing volume of security data collection, processing, storage and analysis. However, restraints such as increasing complexity of network infrastructure, exposure to wider range of threats and sophisticated and advanced techniques of attacks pose major hurdles in market growth of information security products and services. Moreover, as new vulnerabilities and attacking methods evolve, any information security solution cannot be deemed as final and constant R&D is required for the same.

Due to its tremendous applications in government, healthcare, banking, financial services and insurance (BFSI), power, energy and utilities industries, vendors have developed a keen interest in information security market. Vendors in this market have invested heavily to come up with advanced and optimum solutions for various organizations in numerous industries. In order to provide up-to-date solutions and develop more secure systems, security analysts and experts are carrying out constant remodeling and innovation of the existing security architecture.

Some of the key vendors in information security products and services market are EMC Corp., IBM Corp., Blue Coat Systems, Hewlett-Packard Co., Juniper Networks Inc., Symantec, McAfee Inc., Cisco Systems Inc., Kindsight Inc., Securonix Inc., LogRhythm Inc., TIBCO Software Inc., Veracore Inc. and RSA Security LLC among others.

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