1. Science / Technology

Security Software in Telecom Market Emerging Technologies, Market Segments, Landscape and Demand by Forecast to 2027 | COVID-19 Effects

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Market Overview

Telecom services are the essential sector that provides communication services throughout the world. The technological growth of communication has led to the development of the telecom sector. This advancement of telecommunication services has even increased the risk of cyber hacks and attacks on the service. The growing demand for the protection of telecom data and networks has largely driven the Security Software in Telecom Market

The widespread expansion of LTE networks enabled the telecom industry to provide its services in remote and rural areas, and it even provided seamless connectivity across the world. The expansion of these networks throughout every corner of the world has increased the risk of cyber hacks and threats in the telecom sector. These factors have increased the demand for proper security systems for the sector, which propelled the growth of Security Software in Telecom Market. The increase in internet penetration, adoption of broadband connections, and the growing demand for data services are uplifting the market value.

The rise in cloud services and cloud data storage usage in various companies and organizations has been a chief driving factor of the market, and the growth of cyber-attacks on telecom networks and the increase in mobile and IoT devices are enhancing the market growth. Other driving factors are the availability of sustainable enterprise solutions and the increased data breach incidents.

The pandemic has shown a positive impact on the market; different factors like economic setbacks, unemployment, and downward discretionary income have led people to depend more on online networks. The changing transformation of the IT and telecom industry for advanced solutions has accelerated the market's growth rate during this period. Further, the Security Software in Telecom Market will reach a value worth USD 8,923.5 Million in 2025 with a CAGR of 12% during the forecast period.

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Market Segmentation

The Security Software in Telecom Market is segmented into components, security types, deployment modes, and organization size. The market is sub-divided into solutions and services based on the component segment. The solution segment is considered the largest segment and is subdivided into various other segments. Meanwhile, the service segment is divided into professional and managed services, and it holds the highest market growth. The market is classified into network security, endpoint security, application security, cloud security, and others based on the security type segment. The deployment segment is categorized into on-premises and cloud. Between these, the on-premises segment holds the highest growth rate. The End-user segment is classified into large enterprises, small & medium enterprises, and government. Among these segments, the small and medium enterprise is considered the larger segment, and the large enterprises hold the largest market share.

Regional Analysis

The Security Software In Telecom Market is geographically distributed into major regions such as North and South America, Europe, Asia Pacific, and the rest of the world. North America is the leading market region due to the increase in IoT deployments and cloud services, and the European region has been marked as the second-highest shareholding region due to telecom services and advanced security technologies. The Asia Pacific market even holds a reasonable share value due to rapid digitization and the advancement of IoT and cloud services.

Industry News

According to the recent news, Nokia plans to launch a cloud-based software subscription service targeting the telecom companies for providing software around analytics, security, and data management.

 

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