Global Next-generation Security Solutions Market is anticipated to grow at a significant CAGR of 12.17% in the upcoming period as the scope, product types, and its applications are increasing across the globe. Next-Generation Network Security solutions and products assist the network security administrators to check the visibility of and exercise control over threats. The factors that propel the growth of the market include growing acceptance of IoT, increase in IT modernization and consolidation, adoption of SaaS-based security solutions, and increasing demand for integrated security suites.
The key trend driving the market is acceptance of IoT. Internet of Things (IoT) permits the exchange of large volumes of data stored on the cloud. This data, though, needs to be organized in order to simplify the data presentation and analysis. IoT resolves all critical solutions and allows better connectivity. The technology is anticipated to be incorporated with innovative features, allowing better-quality functionalities.
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The next-generation security solutions market may be explored by deployment type, end user, and geography. Market may be explored by deployment type as Cloud based and On-premises. The “On-premises” segment led the market in 2017 and is anticipated to maintain its dominance over forecast period. The key factors that may attributed to the growth of market include increasing popularity and cost-effective production.
Based on end user, the market may be classified as Government organizations, SMEs, and Large enterprises. The “Large enterprises” segment led the market in 2016 and is anticipated to maintain its dominance over forecast period. North America accounted for the major share of the market Size in 2017 and will continue to lead in the forecast period. The factors that could be attributed to the growth include high occurrences of frauds in administrations, mass-level data breach, and rising acceptance of next-generation security solutions in the region. North America is likely to be followed by the Asia-Pacific region.
Some of the key players that fuel the growth of the Next Generation Security Solution Market comprise HPE, McAfee, Fortinet, Secure Link, Sophos, Dell, WatchGuard Technologies, Kaspersky Lab, Citrix Systems, F-Secure, Huawei Technologies, Barracuda Networks, Voyager Networks, Juniper Networks, CA Technologies, IBM, Microsoft, Trend Micro, RSA Security and FireEye. The leading companies are taking up partnerships, mergers and acquisitions, and joint ventures in order to boost the inorganic growth of the industry.
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Market Segment:
The market is divided into the following segments based on geography:
• Americas
• APAC
• EMEA
Global Next-generation Security Solutions Market 2018-2022, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Key vendors
• Cisco Systems
• CheckPoint Software technologies
• Symantec
• Palo Alto Networks
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