Global Digital Security Market to Expand at 11.43% CAGR from 2016 to 2020 owing to Increasing Number of Connected Devices


Published Date : Apr 25, 2016

ALBANY, New York, April 25, 2016- MarketResearchReports.biz has announced the addition of a recent report, titled ‘Global Digital Security Market 2016-2020,’ to its online repository. According to the report, the global digital security market is predicted to progress at an 11.43% CAGR during the period between 2016 and 2020 owing to the rising number of connected devices and the implementation of digital security solutions in the retail sector.

Digital security is nothing but the protection of one’s personal digital identity. Digital security solutions include various tools that are used to secure information, technology, and assets that are stored in the online world.

Digital security is gaining global acceptance and popularity, especially among large-scale enterprises, SMBs, and government organizations, owing to its ability to protect critical information security attacks and unauthorized access. Digital security systems also protect digital devices and computers from worms, malware, and other advanced security threats. Over the past few years, digital security has been gaining a lot of importance due to the rising incidence of hacking. Traditional defense mechanisms cannot address difficult and sophisticated threats effectively and thus many large-scale organizations opt for digital security solutions. Nowadays, even government organizations adopt digital security solutions to effectively manage and minimize security risks. 

The global digital security market is widespread, with many leading players covering different geographical areas. The entry of new companies is expected to benefit the global digital security market in the years to come. By geography, the global digital security market is divided into Europe, Asia Pacific, MEA, South America, and North America. Some of the prominent players operating in the global digital security market are McAfee, Inc., Trend Micro Inc., Cisco Systems, Inc., Symantec Corp., Gemalto N.V., Barracuda Networks, Check Point Software Technologies, CipherCloud, Digital Guardian, Entrust, Juniper Networks, NetComm Wireless, Sophos, Trustwave, and Webroot.

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High implementation and maintenance costs are the only challenging factor expected to hamper the growth of the global digital security market in the years to come. However, with advancements in technology and the introduction of many varieties of digital security solutions, the global digital security market is expected to progress rapidly in the next few years. Furthermore, the increasing application of digital security solutions in the retail sector is predicted to contribute towards the growth of the global digital security market. Leading players in the global digital security market are focusing on introducing various digital security solutions to manage and control different security threats. Based on solution, the global digital security market is classified into cloud security, content security, endpoint security, e-mail encryption, M2M network security, and threat intelligence security solutions. The availability of many types of digital security solutions enables individuals and organizations to secure their online identity, assets, and information.

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