As per the report, the global Internet security market is expected to garner $46.5 billion by 2021, registering a CAGR of 8.4% during the forecast period 2016-2021.
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The market, driven by demand for software solutions, would experience a shift towards the adoption of cloud based systems. About 80 % of the top companies, today, identify with cloud based security services which have become a prominent market trend.
Based on applications, the market is segmented into BFSI, retail, IT & telecommunications, government, manufacturing, education, aerospace, defense & intelligence, and others. In 2015, BFSI was the highest revenue-generating segment in terms of revenue. The education sector is expected to grow rapidly, registering a CAGR of 14.3% during the forecast period.
The prominent companies profiled in this report include Symantec Corporation, Intel Corporation, Hewlett Packard (HP) Company, Cisco Systems Inc., IBM Corporation, Microsoft Corporation, Kaspersky Labs, and Dell Inc.
Based on technology, the report segments the market into authentication, access control technology, content filtering technology, and cryptography (encryption) technology. Authentication technology segment dominated the market in 2015, accounting for more than 40% market share. Authentication technologies are used in single sign-on like password-based logins as well as complex systems, such as tokens, public-key certificates, and even biometrics.
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