Mar 5, 2020   SOURCE: PR NewsWire

SMB Security Spending in North America, 2019-2024: Trends by Security Category, Business Size and Routes to Market

DUBLIN, March 5, 2020 /PRNewswire/ -- The "The SMB Security Spending in North America: Trends and Forecasts 2019-2024" report has been added to ResearchAndMarkets.com's offering.

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This report provides cyber-security spending forecasts for the small and medium-sized business (SMB) market in North America. It quantifies the opportunity for security vendors and service providers in 7 key security categories and 20 sub-categories.

This report provides:

    --  SMB spending forecasts for 7 different high-level security categories
        and 20 sub-categories for 2019-2024
    --  a comparison of the revenue growth for cloud and on-premises security
        solutions
    --  an outlook for security spending across businesses with varying numbers
        of employees
    --  security revenue forecasts split by routes to market: channel partners
        (CPs), managed service providers (MSPs), service providers (SPs), system
        integrators (SIs), direct market resellers (DMRs)/retail and directly
        from security vendors.

Spending Categories

Endpoint security:

    --  encryption (on-premises)
    --  secure content management (on-premises)
    --  web/messaging security (cloud + on-premises)

Mobile security:

    --  mobile application management (cloud + on-premises)
    --  mobile device management (cloud + on-premises)

Network security:

    --  firewall (on-premises)
    --  identity and access management (cloud + on-premises)
    --  intrusion detection/prevention (on-premises)
    --  other security and vulnerability management
    --  security information and event management (cloud + on-premises)

Security hardware:

    --  dedicated security appliances
    --  unified threat management appliances

Cloud security:

    --  hosted security software

Product support services:

    --  security support

Remotely managed IT services security:

    --  remotely managed security services

Who Should Read this Report?

    --  Security vendors that want to identify key areas for revenue growth,
        both in terms of enterprise segments and individual services.
    --  Security vendors are considering targeting the SMB market.
    --  Third-party service providers (such as MSPs and operators) that are
        seeking partnerships with security vendors.

Key Topics Covered

1. Executive summary

2. Worldwide trends

    --  Worldwide security spending: SMBs in North America accounted for almost
        a third of the total SMB spend on cyber-security solutions worldwide in
        2019

3. Trends by security category

    --  Security overview: the rising appetite for cloud security, mobile
        security and remotely managed security services will drive growth in SMB
        security spending
    --  Endpoint and network security: a quarter of SMBs' security spending is
        on endpoint and network solutions, and cloud-based versions are driving
        spending growth
    --  Mobile security: increasingly complex mobile infrastructure is fuelling
        double-digit growth rates for mobile security spending
    --  Security hardware and software: cloud security is the fastest-growing
        category, driven by the migration of an increasing share of business
        processes to the cloud
    --  Security management: managed security spending is projected to double
        between 2019 and 2024, driven by a shift towards more-proactive security
        management

4. Trends by business size

    --  Firm size: the adoption of new security solutions is driving SB
        spending, while MBs' complex infrastructure and workforce growth make
        them attractive to vendors
    --  Firm size and spending category: SB security spending will grow faster
        than that for MBs due to a stronger forecast for new adoption in key
        sectors

5. Trends by routes to market

    --  Security channels: SMBs' security spending is shifting from traditional
        channels to MSPs
    --  Deployment method: the cloud share of security spending growth will
        outpace that for on-premises solutions

For more information about this report visit https://www.researchandmarkets.com/r/7o3to

Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research.

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Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com

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