Global Digital Security Market 2016-2020

Outlook of the digital security market

Extensive research carried out by the analysts at Technavio has shown that the global digital security market to grow rapidly at an impressive CAGR of more than 11% over the forecast period. The increasing number of connected devices is driving this market globally. Connected devices include imaging devices with cellular communications, portable navigation devices, and media players. The growing demand for connected devices in organizations is fuelling the demand for digital security. With an increasing number of connected devices, organizations are finding it difficult to monitor, manage, and maintain data traversing through wired and wireless networks. Moreover, the need for maintaining data confidentiality will bolster the growth prospects of the digital security market in the forecast period.

In this industry research report, the analysts estimated factors such as the implementation of digital security in retail sectors will propel the growth prospects of the digital security market in the coming years. With advances in technology, retail point-of-sales transactions are being targeted the most by cyber criminals and hackers. Additionally, the public networks used by consumers for retail point-of-sales transactions over their mobile devices are prone to cyber attacks. Moreover, wireless networks are increasingly used for online shopping and to improve the overall customer experience. Therefore, the retail sector is concerned about the security of their customers' personal information while making online payments or transactions. Also, digital security solutions are also employed in the retail sector for managing data related to the supply chain and customer relationship management. Furthermore, with the US and UK governments implementing stringent government regulations such as the Payment Card Industry Data Security Standard for retailers to enhance their network security infrastructure, the digital security market has a positive outlook until the end of 2020.

Segmentation by solutions and analysis of the digital security market

• Threat intelligence and analytics
• End-point security
• Content security gateways
• Cloud security
• E-mail encryption
• M2M network security