With the rising necessity of security and surveillance, data intelligence, data gathering, the demand for Integration security services has also increased. Companies have also started leveraging cloud-based models in order to adopt security solutions and services. Use of cloud-based security eliminates various management issues, security software issues and allow consistent delivery of new security technologies and updates.
A new research study titled “Global Market Study on Integration Security Services: Europe to Lead the Global Market in Terms of Revenue during 2017-2026” has been added to the repository of Market Research Reports Search Engine (MRRSE). According to the report, the global integration security services market is projected to grow at a staggering 13.6% CAGR and surpass US$ 36 Bn in revenues by the end of the forecast period.
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According to the report, the adoption of integrated security services is being driven by growing emphasis on effective and seamless management. Companies around the world are focusing on compliance management, and having an integrated security service infrastructure is a pragmatic solution.
In addition to compliance features, the global integration security and services market is also likely to be driven by growing emphasis on threat monitoring and management. However, a significant percentage of entities around the globe are still reluctant to adopt these services owing to the cost and unawareness about the benefits of integrated security and services market.
These factors are likely to impede the growth of the market during the assessment period.
According to the report, on-premise deployment type continues to remain preferred among end-users. This deployment segment is likely to account for nearly US$ 21.5 Bn in revenues by the end of the forecast period.
Organizations prefer on-premise deployment of integration security services on account of its privacy and confidentiality features. The report projects this segment to remain dominant throughout the assessment period.
By end user, large enterprises are likely to remain dominant over small- and medium-scale enterprises. Large scale enterprises have higher funds and budgets as compared to small and medium-scale enterprises, and this factor is likely to drive adoption during the assessment period.
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Compliance management remains the largest application segment for integration security and services market. The adoption of compliance management systems is growing on account of rising emphasis on following the set guidelines and procedures.
According to the report, the compliance management application segment is likely to exceed US$ 13.5 Bn by the end of 2026.
Adoption of integration security and services market is likely to remain robust in the healthcare sector. The report projects the healthcare sector to surpass US$ 8.3 Bn in revenues by the end of 2026.
Demand for access control and video surveillance is driving the growth of integrated security services in healthcare sector.
Europe remains the largest market for integration security services market. In addition to Europe, North America and Asia Pacific are likely to be the other key markets.
Some of the leading players in the market include DynTek, Microsoft Corporation, Optiv, Sophos, IBM Corporation, Trend Micro, Cisco Systems, Decipher Works Pty Ltd, CGI, and Symantec.
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