Global Web Security Market, Forecast to 2023
NEW YORK, May 16, 2019 /PRNewswire/ -- Growth Driven by New Attack Techniques, Increased Web Traffic and Cloud Migration
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"Global Web Security Market, Forecast to 2023" is a report which analyzes the global market for Web security. Web security is a network-based software system that protects web users against web-based malware and targeted cyber attacks. Email is still the number one threat vector. Web usage is second to email as the major threat vector for cyber attacks. It is the hacker favorite for Command and Control. In the last few years the complexity and volume of threats have increased significantly. Web-based threats have become big business targeting specific verticals as well as individuals within organizations. In particular, there has been an increase in sophisticated and highly targeted web based attacks. Many attacks use social engineering techniques. The threat landscape is constantly changing. There is the continued prevalence of advanced and targeted threats along with the growth of malware. Incidences of attacks targeting web browsers and web-based email are increasing. Attacks have become more sophisticated, aimed at high profile targets. The most significant trend in the web security market is the acceleration of organizations migrating to the cloud. The cloud is driving new web security strategies. Enterprises are interested in transitioning to cloud-delivered security to reduce cost/complexity, simplify security for mobile users, and adopt new capabilities. Adoption of Office 365 is a key factor. Migration to cloud-based services moves the service outside of an organization's security perimeter and potentially opens the organization up to more frequent and easier cyber-attacks. IoT introduces new entry points for hackers. The number of connected devices is increasing every year. These devices have different operating systems, networking protocols, and vulnerabilities. IoT devices which form part of business processes driven by cloud apps, or gather data that might be sensitive to the organization need to be secured from external threats. Continued growth of mobile devices, BYOD and IoT will drive increasing web traffic. Organizations are looking for integrated solutions that enable them to consolidate vendors and increase operational efficiencies while gaining stronger, comprehensive security. In such a competitive environment, web security vendors need to differentiate.
The report analyzes the web security market geographically, by size of business segment and vertical markets. Vendor market shares and competitive analysis are presented.
The web security market is growing faster than was foreseen just a couple of years ago. In 2018, the market grew 11.9% to $2.64 billion. Forst & Sullivan foresees 2018 will grow 12.1% to $2.96 billion. The Compound Annual Great Rate (CAGR) for 2018 to 2023 is 9.6%.
Author: Tony Massimini
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