Global IT Security Market Growth (Status and Outlook) 2023-2029

Global IT Security Market Growth (Status and Outlook) 2023-2029

IT security is the practice of preventing unauthorized access, use, disclosure, disruption, modification, inspection, recording or destruction of information. To standardize this discipline, academics and professionals collaborate and seek to set basic guidance, policies, and industry standards on password, antivirus software, firewall, encryption software, legal liability and user/administrator training standards. This standardization may be further driven by a wide variety of laws and regulations that affect how data is accessed, processed, stored, and transferred.

LPI (LP Information)' newest research report, the “IT Security Industry Forecast” looks at past sales and reviews total world IT Security sales in 2022, providing a comprehensive analysis by region and market sector of projected IT Security sales for 2023 through 2029. With IT Security sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world IT Security industry.

This Insight Report provides a comprehensive analysis of the global IT Security landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on IT Security portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global IT Security market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for IT Security and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global IT Security.

The global IT Security market size is projected to grow from US$ million in 2022 to US$ million in 2029; it is expected to grow at a CAGR of % from 2023 to 2029.

The increasing use of mobile devices and cloud servers to store sensitive data and the subsequent rise in technologically sophisticated cyber criminals threatening to steal that data have accelerated growth in the IT Security Consulting industry. This industry offers managed IT security Services, such as firewalls, intrusion prevention, security threat analysis, proactive security vulnerability and penetration testing and incident preparation and response, which includes IT forensics.

This report presents a comprehensive overview, market shares, and growth opportunities of IT Security market by product type, application, key players and key regions and countries.

Market Segmentation:

Segmentation by type
Internet Security
Endpoint Security
Wireless Security
Cloud Security

Segmentation by application
Commercial
Industrial
Military and Denfense
Others

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Blue Coat
Cisco
IBM
Intel Security
Symantec
Alert Logic
Barracuda Networks
BT Global Services
Broadcom
CenturyLink
CGI Group
CheckPoint Software Technologies
CipherCloud
Computer Sciences
CYREN
FishNet Security
Fortinet
HP
Microsoft
NTT Com Security
Panda Security
Proofpoint
Radware
Trend Micro
Trustwave
Zscaler

Please note: The report will take approximately 2 business days to prepare and deliver.