Technology trends fuel security system integrators market

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The global forecast to 2022 for the security system integrators market is expected to grow from USD 9.76 billion in 2017 to USD 14.72 billion, at a CAGR) of 8.6%.  According to Marketsandmarkets, the major forces driving the security system integrators market are rising network complexities due to mergers and acquisitions and third-party application deployment, lack of skilled cyber security professionals in enterprises, growing security needs for Internet of Things (IoT), Bring Your Own Device (BYOD) trends, and increasing adoption of cloud-based services.

Network security is expected to have the largest market share and dominate the security system integrators market from 2017 to 2022. Network security includes security products and services that are used to detect and prevent cyber threats in a computer network and network accessible resources. Even employees’ mobile devices, connected 24/7 to the internet are often not secure, making the enterprises’ critical network infrastructure vulnerable to various security threats. Network security helps protect the data from various threats, such as Structured Query Language (SQL) injections, Distributed Denial of Service (DDoS) attacks, and cross-site scripting attacks.

The government vertical is expected to grow at the highest CAGR during the forecast period. There has been a strong adoption of advanced security solutions in the government vertical in the recent years. Cyber criminals have turned their interest toward the government vertical as it holds nation’s critical information. This vertical also uses the latest technologies for work, hence the concept of eGovernance has led governments to focus more on cyber security threats.

North America is expected to have the largest market share and dominate the security system integrators market from 2017 to 2022, due to the presence of major security vendors, security system integrators, and managed security service providers (MSSPs). The organisations in this region are increasingly adopting advanced security solutions to protect their critical IT assets. The other drivers for the increasing demand for security system integrators include the need for regulatory compliance and easy integration of security solutions with organisations’ existing security infrastructure.

The report recently published by Marketsandmarkets describes major security system integrators including Cisco Systems, Fireeye, Hewlett Packard Enterprise, International Business Machines, McAfee, Accenture, Cognizant Technology, Deloitte Touche Tohmatsu, HCL Technologies, Wipro and Cipher Security, amongst others.


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