Corporate Web Security Market Segmentation By Solutions (Cloud-based services, Appliances services, Hybrid solutions and On-premises services); By End-User Industry (Government public utilities, IT and telecommunication, Healthcare and life sciences and others) - Global Demand Analysis & Opportunity Outlook 2027
Buy Now Report ID: 743 | Published Date: Feb 09, 2023
Our in-depth analysis segmented the global corporate web security market in the following segments:
By Solutions:
By End-User Industry:
By Region
Global corporate web security market is further classified on the basis of region as follows:
The global corporate web security market is anticipated to expand at a significant CAGR during 2018-2027. The increasing cyber-attacks coupled with the rising awareness regarding the internet security are anticipated to boost the growth of the global corporate web security market during the forecast period.
The global corporate web security market can be segmented on the basis of solutions, end-user and region. On the basis of solutions, it is sub-segmented into cloud-based services, appliances services, hybrid solutions and on-premises services. Hybrid solutions are anticipated to be the fastest growing sub-segment for the solutions segment. The increasing application of the hybrid solutions as it technologically advanced and can be used in the large organizations is anticipated to be the primary reason for the sub-segment to lead the segment. On the basis of end-user industry, it is sub-segmented government public utilities, IT and telecommunication, healthcare and life sciences and others (includes manufacturing, retail and transportation). IT and telecommunications is anticipated to be the largest sub-segment for the end-user segment. The increasing use of the web security in the information and technology industries is anticipated to be the major factor for the growth of the IT and telecommunications sub-segment. By region, global corporate web security market is segmented into North America, Asia-Pacific, Latin America, Europe, Middle East and Africa. North America is anticipated to contribute the largest market share for the global corporate web security market. The presence of the key players in the region coupled with the availability of highly developed information technology network in the region is anticipated to be major factor for the region to lead the global corporate web security market. Asia-Pacific region is anticipated to be the fastest developing region for the global corporate web security market. The deployment of the web security by various start-ups and small and medium scale business is anticipated to fuel the market growth of the corporate web security in the region.
The continuous growing internet threats are anticipated to be the primary growth driver for the global corporate web security market during the forecast period. The increasing adoption of the cloud based technology by the various organizations coupled with increasing penetration of the internet which increases the malware and phishing activities is increasing the demand for the corporate web security during the forecast period. The increasing bugs and software crash are the major concerns anticipated to propel the market growth of the global corporate web security.
However, latest up gradation of the software is required for the protection and storage of the data which is anticipated to restrain the global corporate web security market.
In 2023, market players might incur losses due to huge gap in currency translation followed by contracting revenues, shrinking profit margins & cost pressure on logistics and supply chain.
Controlling Inflation has become the first priority for global economies from last quarter of 2022 and to be followed in 2023. With skewed economic situations, rise in interest rate by governments to control spending and inflation, spiked oil and gas prices, high inflation, geo-political issues including U.S. & China trade war, Russia-Ukraine conflict to intensify the global economic issues.
The interest rates in the U.S. may be less sensitive in 2023 as compared to 2022; sigh of relief for businesses. Positive business sentiments, healthy business balance sheets, growth in construction spending (private construction value in 2022 stood at $1,429.2 billion, 11.7 percent (±1.0 percent) above the $1,279.5 billion spent in 2021, Residential construction in 2022 was $899.1 billion, up by 13.3 percent (±2.1 percent) from $793.7 billion in 2021, non-residential construction touched $530.1 billion, 9.1 percent (±1.0 percent) above the $485.8 billion in 2021.) showcases minimal impact of recession in the country.
Similarly, spiked spending in the European and major Asia economics including, India, China & Japan to showcase less impact on the global demand.
Author Credits: Abhishek Verma, Hetal Singh
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