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Dublin, June 02, 2015 (GLOBE NEWSWIRE) -- Research and Markets (http://www.researchandmarkets.com/research/83k6xd/global_security) has announced the addition of the "Global Security Services Market 2015-2019" report to their offering.
The global security services market to grow at a CAGR of 10.13% over the period 2014-2019.
One of the major trends witnessed in the market is the increasing demand for cloud-based security. The demand for cloud-based security is increasing in the global security services market primarily because of the significant advantages attributed to such solutions. Also, companies are finding it difficult to manage standalone or integrated network components because of issues such as budget constraints and the lack of resources and expertise to address security issues. Therefore, companies are increasingly opting for cloud-based IT security, which is cost-effective, compliant with PCI DSS, and offers round-the-clock monitoring of the system. Thus, the increasing demand for cloud-based security is expected to contribute to the growth of the global security services market during the forecast period.
According to the report, the rise in Internet penetration has led to increased involvement in day-to-day activities and critical operations on the Internet such as posting personal information, social networking, and transactions. In addition, companies offer cost-effective storage services on the cloud, which stores critical information on the web. Also, banks and payment card companies are encouraging customers to make online transactions using the Internet. Though online methods have benefits compared with traditional methods, they come with high security risks. Instances of data theft and phishing are on the rise, and new forms of attack are emerging. Therefore, end-users are adopting security services to protect their data.
Further, the report states that the market faces certain challenges such as the availability of inexpensive and free security solutions.
To calculate the market size, we considered revenue generated from the sales of the following components:
Other Prominent Vendors
Key Topics Covered:
For more information visit http://www.researchandmarkets.com/research/83k6xd/global_security
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