COVID-19 Impact and Recovery Analysis | Data Security Market 2020–2024 | Rising Number of Cyberattacks to Boost Growth | Technavio
Technavio has been monitoring the data security market and it is poised to grow by USD 72.72 billion during 2020–2024, progressing at a CAGR of over 11% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Amazon.com Inc., Broadcom Inc., Cisco Systems Inc., Cloudera Inc., Hewlett Packard Enterprise Co., International Business Machines Corp., McAfee LLC, Microsoft Corp., Oracle Corp., and Proofpoint Inc. are some of the major market participants. The rising number of cyberattacks will offer immense growth opportunities. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Please Request Latest Free Sample Report on COVID-19 Impact
Rising number of cyberattacks has been instrumental in driving the growth of the market.
Data Security Market 2020–2024: Segmentation
Data Security Market is segmented as below:
- Deployment
- On-premises
- Cloud-based
- Geography
- North America
- Europe
- APAC
- South America
- MEA
To learn more about the global trends impacting the future of market research, download a free sample: https://www.technavio.com/talk-to-us?report=IRTNTR43478
Data Security Market 2020–2024: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our data security market report covers the following areas:
- Data Security Market Size
- Data Security Market Trends
- Data Security Market Industry Analysis
This study identifies stringent regulations regarding data protection as one of the prime reasons driving the data security market growth during the next few years.
Data Security Market 2020–2024: Vendor Analysis
We provide a detailed analysis of vendors operating in the data security market, including some of the vendors such as Amazon.com Inc., Broadcom Inc., Cisco Systems Inc., Cloudera Inc., Hewlett Packard Enterprise Co., International Business Machines Corp., McAfee LLC, Microsoft Corp., Oracle Corp., and Proofpoint Inc. Backed with competitive intelligence and benchmarking, our research reports on the data security market are designed to provide entry support, customer profile and M&As as well as go-to-market strategy support.
