Enterprise IT Security Market Market Size (by Technology, Geography, Sector, and Size Band), Trends, Drivers and Challenges, Vendor Landscape, Opportunities and Forecast, 2021-2026

Enterprise IT Security Market Market Size (by Technology, Geography, Sector, and Size Band), Trends, Drivers and Challenges, Vendor Landscape, Opportunities and Forecast, 2021-2026

Summary

The global enterprise IT security market research report provides an executive-level overview of the current IT security market worldwide, with detailed forecasts of key indicators up to 2026. Published annually, the global enterprise IT security market report provides a detailed analysis of the near-term opportunities, competitive dynamics, and evolution of demand by product/service type and verticals across the large enterprise and micro, small & medium enterprise (MSME) markets, as well as a review of key IT security market trends as well as the technological developments that are shaping the IT security landscape.

The global outlook report provides information and insights into global Enterprise IT Security manrket -

• The primary finding from GlobalData's view of revenue opportunities in the enterprise IT security market through to 2026, highlighting the market size and growth by product/service, by region, by vertical and by size band.
• The latest trends impacting the enterprise IT security market.
• The market drivers that will facilitate the growth of enterprise IT security market.
• The market challenges/inhibitors that may hinder the pervasive adoption of enterprise IT security.
• The overview of top ICT vendors in the enterprise IT security market.

• Enterprise IT security market revenue is expected to increase at a CAGR of 10.2% over 2021-2026, against the backdrop of growing value of data, there has been a rise in cybercrime globally with malicious intent of breaking into enterprise IT systems and accessing sensitive data. Widespread adoption of cloud computing and the influx of IoT have paved the way for cyber-attackers to exploit IT systems and gain unauthorized access to sensitive data.
• According to GlobalData, enterpirse IT security market would see majority share of its revenue come from the IT security software segment over the forecast period. Revenue from IT security software reached $62 billion in 2021 and is set to grow up to $98.6 billion in 2026 at a CAGR of 9.7%.
• Managed security services is the most attractive IT secuirty product/service category in terms of overall revenue opportunity in 2021 ($51.5 billion), its projected to grow up to $87.2 billion by 2026.
• BFSI and IT are the leading end-use vertical segment for enterprise IT security, in terms of revenue contribution, and will remain so over the forecast period.
• North America is the leading regional market with revenue estimated at $40.8 billion for 2021 and set to grow up to $68.3 billion by 2026 at a CAGR of 10.9%.

• This Global Outlook Report provides a comprehensive assessment of the Enterprise IT Security market. It helps the reader to understand the enterprise IT security market landscape, the recent trends, drivers, and challenges/inhibitors shaping the enterprise IT security market.
• The report is exhaustive and up-to-date providing market opportunity forecasts in the enterprise IT security market from 2020 to 2025, spanning technology segments (hardware, software services), six regions, 22 verticals, and two size bands.
• The report provides an assessment of enterprise IT security vendors.
• The report also discusses the opportunities and recommendations for vendors.