The Security System Integrators Market is a synopsis to the study of ICT industry and the report also provides valuable insights about the leading drivers, upcoming trends, applications and challenges, determined by our Experts. SWOT analysis is the method to tell any market’s strengths and weaknesses (i.e. drivers and restrains) so that you know on what to stick and what to avoid. An in-depth Security System Integrators market analysis based on multiple market Frameworks such as the market size, projections on the market growth rates, market segments, opportunities, influencing trends, competitive analysis and business development strategies forecast by 2024.
The Global Security System Integrators Market accounted for USD 8.92 billion in 2017 and is projected to grow at a CAGR of 8.9% during the forecast period of 2017 to 2024.
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Well known players of Security System Integrators Market are Cisco, HPE, IBM, Accenture, Cognizant¸ Deloitte, Fireeye, Mcafee, HCL Technologies, Deloitte, Wipro, Vandis, Innovative Solutions, Integrity360 and Anchor Technologies among others.
On the basis of geography, the global security system integrators market report covers data points for 28 countries across multiple geographies such as
- North America,
- South America,
- Asia-Pacific and
- Middle East & Africa
Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa, and Brazil among others.
On the basis of security type, the Global Security System Integrators Market is segmented into
- application security,
- network security,
- data security,
- endpoint security,
- business continuity and disaster recovery,
- risk and compliance management
Application security is sub segmented into identity and access management, web filtering and application whitelisting. Network security is sub segmented into distributed denial of service mitigation, firewall, vulnerability management and firewall.
Data security is sub segmented into data loss prevention and encryption and tokenization. Endpoint Security is sub segmented into security information and event management, security analytics and antivirus or anti-malware.
On the basis of end users, the global security system integrators market is segmented into
- aerospace and defense,
- it & telecom,
- financial services, and insurance,
- energy and utilities
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The global security system integrators market is consolidated due to the presence of limited number of players concentrated in few countries. These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
Major Market Drivers and Restraints:
- Increasing digitalization
- Growing complication with respect of mergers and acquisition, globalization and many more.
- Absence of skilled cybersecurity professionals and security solution vendors
- Inventions regarding internet of things (IOT)
- Struggle faced during the business expansion
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