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

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

This Insight Report provides a comprehensive analysis of the global IT Security Spending 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 Spending portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global IT Security Spending market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for IT Security Spending 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 Spending.

The global IT Security Spending 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 Spending 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.
Check Point Software Technologies
Cisco Systems
EMC
Fortinet
Juniper Networks
McAfee
Palo Alto Networks
Symantec
Trend Micro
Akamai Technologies
Avast Software
AVG Technologies
Barracuda Networks
Citrix Systems
Dell SonicWALL
F5 Networks
Hewlett-Packard
IBM
Imperva
Microsoft
Panda Security
Radware
Sophos
Trustwave Holdings

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