Telecommunication connects various nations and continents all over the world with the use of advanced technologies. These technologies have enabled the users to communicate with each other via data exchanging, video and voice with the support of telecom medium. Though all this facilitates quick and real time transfer of data, many security concerns and threats are also observed at the same time. Recently, corporate espionage, data thefts, frauds, identity thefts and other such activities have increased to a considerable extent. Telecom cyber security solutions are used extensively to stay safe and secured from all the fraudulent activities.
MARKET SCOPE
The "Global Telecom Cyber Security Market Analysis to 2028" is a specialized and in-depth study of the technology, media and telecommunication industry with a special focus on the global market trend analysis. The report aims to provide an overview of the telecom cyber security market with detailed market segmentation by components, end-user and geography. The report provides key statistics on the market status of the leading telecom cyber security market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- Based on components, the global telecom cyber security market is segmented into hardware, software and service.
- On the basis of end-user, the market is segmented into small businesses, medium businesses and large businesses.
MARKET DYNAMICS
Drivers:
- Growing online fraudulent activities.
- Increasing importance of safety and security among various enterprises.
- Increase in individual disposable income.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The telecom cyber security market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the telecom cyber security market in these regions.
IMPACT OF COVID-19 ON TELECOM CYBER SECURITY MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Due to all the limitations, new businesses are also not emerging, thus resulting in the decline of the growth of telecom cyber security market. Health and pharmacy sector is expected to show highest growth in this market as compared to other sectors. Hospitals and government bodies need these security solutions for maintaining the confidentiality of their data.
MARKET PLAYERS
The report covers key developments in the telecom cyber security market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from telecom cyber security market are anticipated to lucrative growth opportunities in the future with the rising demand for telecom cyber security in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the telecom cyber security market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- BAE Systems plc
- Cisco Systems, Inc.
- Huntsman Security
- IBM Corporation
- Kaspersky Lab
- MWR InfoSecurity Limited
- Prodaft Sarl
- PT. Sarana Solusindo Informatika (SOLUSI)
- Senseon Tech LTD
- Symantec Corporation
The Insight Partner?s dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.