Market
Overview
Telecom services are the essential
sector that provides communication services throughout the world. The
technological growth of communication has led to the development of the telecom
sector. This advancement of telecommunication services has even increased the
risk of cyber hacks and attacks on the service. The growing demand for the
protection of telecom data and networks has largely driven the Security Software in Telecom Market.
The widespread expansion of LTE networks
enabled the telecom industry to provide its services in remote and rural areas,
and it even provided seamless connectivity across the world. The expansion of
these networks throughout every corner of the world has increased the risk of
cyber hacks and threats in the telecom sector. These factors have increased the
demand for proper security systems for the sector, which propelled the growth
of Security Software in Telecom Market. The
increase in internet penetration, adoption of broadband connections, and the
growing demand for data services are uplifting the market value.
The rise in cloud services and cloud
data storage usage in various companies and organizations has been a chief
driving factor of the market, and the growth of cyber-attacks on telecom
networks and the increase in mobile and IoT devices are enhancing the market
growth. Other driving factors are the availability of sustainable enterprise
solutions and the increased data breach incidents.
The pandemic has shown a positive impact
on the market; different factors like economic setbacks, unemployment, and
downward discretionary income have led people to depend more on online
networks. The changing transformation of the IT and telecom industry for
advanced solutions has accelerated the market's growth rate during this period.
Further, the Security
Software in Telecom Market will
reach a value worth USD 8,923.5 Million in 2025 with a CAGR of 12% during the
forecast period.
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Market Segmentation
The Security Software in Telecom Market is segmented into components, security types,
deployment modes, and organization size. The market is sub-divided into
solutions and services based on the component segment. The solution segment is
considered the largest segment and is subdivided into various other segments.
Meanwhile, the service segment is divided into professional and managed
services, and it holds the highest market growth. The market is classified into
network security, endpoint security, application security, cloud security, and
others based on the security type segment. The deployment segment is
categorized into on-premises and cloud. Between these, the on-premises segment
holds the highest growth rate. The End-user segment is classified into large
enterprises, small & medium enterprises, and government. Among these
segments, the small and medium enterprise is considered the larger segment, and
the large enterprises hold the largest market share.
Regional Analysis
The Security Software In Telecom Market is geographically distributed into major regions
such as North and South America, Europe, Asia Pacific, and the rest of the
world. North America is the leading market region due to the increase in IoT
deployments and cloud services, and the European region has been marked as the
second-highest shareholding region due to telecom services and advanced
security technologies. The Asia Pacific market even holds a reasonable share
value due to rapid digitization and the advancement of IoT and cloud services.
Industry News
According to the recent news, Nokia
plans to launch a cloud-based software subscription service targeting the
telecom companies for providing software around analytics, security, and data
management.
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