Global multi-layer security market size was US$ XX Bn in 2019 and is expected to reach US$ XX Bn by 2027, at a CAGR of XX% during the forecast period.
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Global multi-layer security market Definition
Multi-layer security is a security system that uses several components to shield multiple operational layers or levels in IT infrastructure. It is a defensive depth mechanism that is used to delay, prevent, and mitigate threats. It delivers what today’s threat environment demands.
Global multi-layer security market Dynamics
Growing IT and telecom infrastructure across the globe is a major driving factor behind the growth of the market. Growing technological advancement in the network automation and high adoption of cloud computing-based services, increasing cyber-crimes and rising requirement for crime forecast and prevention methods, a surge in the demand of data loss prevention security, e-mail security, mobile security, application security and other kinds of network security, increased adoption of multi-layer security in financial institutions to protect confidential data and development of new advanced technologies such as IoT and big data analytics are expected to improve the growth of the market during the forecast period. The multi-layer security provides some benefits such as security from attack via files, email attachment, links, adware, apps, and more, DNS-level protection to shield against threats originating at the network level and virus and malware protection, which are ultimately propelling the growth of global multi-layer security market.
However, the major challenge with a multi-layer security system is to deploy it using the right tools. The emergence of advanced alternative security systems is a major restraining factor that could hamper the growth of the market.
Global Multi-layer Security Market: Segmentation Analysis
By type, a proactive segment is projected to witness fast growth at CAGR of XX% during the forecast period. Proactive multi-layer security is designed to stop new threats before they start. Proactive security measures potential threats and saves the business or organization from experiencing devastating events. High adoption of a proactive multi-layer security system in various industries to avoid potential threats is driving the growth of the market. According to research, ~73 % of IT organizations were impacted by a security event in the past year. These attacks include phishing, adware or spyware attacks, insider data breaches, and even outsider nation-state attacks. To avoid these types of cyber threats, businesses are applying proactive multiple layers of detection and protection technologies to detect and eliminate problems before they appear, which is ultimately propelling the growth of the market during the forecast period.
By deployment, the cloud segment dominated the market in 2019 and is expected to maintain its dominance at CAGR of XX% during the forecast period. The rising popularity of cloud computing technologies among small and large businesses is driving the growth of the market. A multi-layer security system has every layer of cloud computing protected. Cloud-enabled multi-layer security involves the technology and procedures which protect cloud computing environments against both inside and external cyber security threats. It is mainly designed to prevent unauthorized access to keep applications and data in the cloud secure from emerging and current cybersecurity threats.
Global Multi-layer Security Market: Regional Analysis
Region-wise, North America held the largest market share in 2019 and is projected to witness high growth at CAGR of XX% during the forecast period. The US and Canada are major key contributors behind the growth of the market. The growth is attributed to the growing cyber breaches and increased demand for effective security solutions. Well established IT infrastructure with the adoption of advanced security systems to protect data of the business is driving the growth of the market in the region.
The wide adoption of IoT based and cloud-based software defined technologies in various organizations and the vast presence of multi-layer security service providers across the region is further propelling the growth of market.
The objective of the report is to present a comprehensive analysis of the Global Multi-layer Security Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers, and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding Global Multi-layer Security Market dynamics, structure by analyzing the market segments and projects the Global Multi-layer Security Market. Clear representation of competitive analysis of key players by Application, price, financial position, Product portfolio, growth strategies, and regional presence in the Global Multi-layer Security Market make the report investor’s guide.
The Scope of Global Multi-layer Security Market: Inquire before buying
Global Multi-layer Security Market, By Type
• Proactive
• Detective
• Reactive
Global Multi-layer Security Market, By Deployment
• Cloud
• On Premise
Global Multi-layer Security Market, By Industry
• IT & Telecommunication
• BFSI
• Military & Defense
• Media & Entertainment
• Healthcare
• Others
Global Multi-layer Security Market, By Region
• North America
• Europe
• Asia Pacific
• South America
• Middle East & Africa
Global Multi-layer Security Market, Key Player
• SolarWinds MSP
• Gemalto NV
• Fortinet Inc.
• AT&T Inc.
• Blue Solutions Limited
• Oracle Corporation
• Symantec Corporation
• McAfee LLC
• F5 Networks Inc.
• Cisco Systems Inc
• Ingenico Group
• HP Development Company LP
• Hitachi Ltd
• IBM Corporation
• Microsoft Corporation
• Adept4 Ltd
• Raytheon
• Heimdal Security
• Bayshore Networks
• SNC-Lavalin
• Magal Security Systems Ltd
• masterIT
• Apogee IT Services
• Compugen Inc.
• Webroot Inc.
• Novosco Ltd.
• On-Site Technology
• Tata Communications Ltd.
• Nucleus Networks Inc.
• InterVision Systems
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