: +1 (646) 661-6066Potential security threats fueling the internet security market, globally
Indeed, the internet has proved to be a boon for the modern society, globally. It has facilitated individuals to conveniently share different sort of information across the globe. However, in this course, the user is a posed to a number of internet attacks thereby making him/her vulnerable in the lack of appropriate internet security solutions. The internet security attacks breach the privacy of an individual or an organization. These security challenges are on a continuous rise with the increase in its adoption worldwide across different applications such as communication, automobile connectivity, entertainment, online shopping, online banking and others. A number of methods including data encryption, antivirus and firewalls etc. are deployed for safeguarding the data transfer over the internet.
The internet security threat is expanding its footprints each day with the single increase in the number of internet users connecting through World Wide Web, VoIP, email and other services. Further, with the advancement in technology, the complexity of these security threats is also increasing with the time, making the users more vulnerable demanding more stringent solutions.
The major factors influencing the internet security market include the rise in internet users worldwide owing to the advancements in wireless communication technology, Cloud offerings for internet security, stringent regulations and increase in online banking. However, the market also faces challenges such as lack in users’ awareness which include the gap in understanding about the available solutions and usage of pirated security solutions providing limited security only.
The internet security solutions are deployed across different applications in various sectors such as retail, banking, IT & telecommunications, defense, aerospace, manufacturing and education. The institutions from the financial sector forms the highest revenue-generating segment generating more than $6 billion revenue in 2015, growing at a growth rate of more than 6.5%. However, the education sector has realizing the fastest growth application and is expected to experience a growth of more than 13% in coming future also.
