Increase in use of mobile devices and rise in popularity of cloud computing fuel the growth of the market. Moreover, rise in the number of high-impact security incidents drives market growth. However, the availability of economical security solutions restrains the market growth. Increased demand for integrated security suites is expected to provide lucrative opportunities for the market.
The security software market is segmented on the basis of type, end-user, and region. Based on type, the market is categorized into mobile security software, consumer security software, and enterprise security software. The end-user segment includes large enterprises, government agencies, and others. Based on region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Major market players – Symantec Corporation, Intel Corporation, IBM, Dell Inc., Trend Micro Incorporated, Cisco Systems, Imperva, AVG Technologies, F-Secure Corporation, and Panda Security.
Key drivers that are propelling the growth of the market are included in the report. Additionally, challenges and restraining factors that are likely to curb the growth of the market are put forth by the analysts to prepare the manufacturers for future challenges in advance.
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