Internet Security Market to Reach $42.8 Billion by 2020, Malvertising on the Rise - Allied Market Research

Internet Security Market to Reach $42.8 Billion by 2020, Malvertising on the Rise - Allied Market Research Image Credit: PCC Mobile Broadband

The internet security market is expected to reach $42.8 billion globally by 2020, registering a CAGR of 8.1% during this period, according to Allied Market Research's (AMR) latest report -  "Global Internet Security Market - Size, Industry Analysis, Trends, Opportunities, Growth and Forecast, 2013 - 2020". Asia-Pacific will be take the biggest share in terms of market size and growth, reaching $12.2 billion by 2020 with a CAGR of 10.9% during the period.

The leading market research company anticipates a shift towards the adoption of cloud based systems with an 80% adoption rate among top companies. Managed security services will grow at the highest CAGR of 28% over the same period, surpassing the revenue contribution from hardware solutions. AMR noted that industry leaders such as Intel, HP and Symantec are investing heavily to develop cloud based security solutions. 

According to AMR, the growth of cybercrime practices such as unethical-hacking, botnets, distributed denial of services (DDoS), malware, spyware, spams, viruses and other such threats that are estimated to reach a figure of $1 trillion globally will imminently drive the internet security market. AMR also highlighted a raising concern against 'malvertising', i.e. malware attack through advertisement links on web-spaces.

Ray is a news editor at The Fast Mode, bringing with him more than 10 years of experience in the wireless industry.

For tips and feedback, email Ray at ray.sharma(at)thefastmode.com, or reach him on LinkedIn @raysharma10, Facebook @1RaySharma

PREVIOUS POST

CSPs Increasingly Bundling Cloud Managed Services with QoS & Security, says Allot Communications

NEXT POST

Premium OTT Market in UK, Netherlands & Germany to Reach Close to £700M in 2017

THE EDITOR'S DESK

UPCOMING EVENTS

Artelligence 2019

Network Virtualization and SDN Asia

Network Virtualization & SDN Americas

Mobile 360 Digital Societies 2019

TADSummit 2019

MWC Los Angeles 2019

The Digitrans Forum 2019

Mobile 360 Eurasia 2019

ON TWITTER

ON FACEBOOK