Social Media Security Market Growing Trends, Trending News, Worldwide opportunities and Forecast to 2023
Social Media Security Market Research Report, By Solution (Advance Threat Protection), By Vertical (BFSI), by Security Type (Cloud Security, Data Security)
(firmenpresse) - Market Highlights
The global social media security system market is all set to achieve 17% CAGR during the forecast period (2018-2023). Market Research Future (MRFR) declared that the global social media security system market is on a path to surpass USD 1.9 billion valuation by the end of 2023.
Social media platforms are gaining popularity by giving a space to let out their voices. However, this has a side-effect as hackers can use such a place and identity of individuals for personal gains. The virtual platform is not that safe as most of the users are hardly aware of implications of their actions on such platforms. Hence, social media platforms like Twitter, Facebook, LinkedIn, Instagram, YouTube, and MySpace have started using these social media security systems.
Increasing number of malware attacks via social media platform, growing usage of social media platforms on smartphones and increasing adoption of BYOD trend among enterprises are the factors driving the growth of social media security market. The research study conducted by Osterman Research showed that 14 % of the organizations infected through malware were targeted via social media or other web applications. The study also shows that on an average an employee spends 51 minutes on social media for work purpose and the average time is growing at a significant pace.
Regional Analysis:
The global social media security market is estimated to grow at a significant rate during the forecast period from 2018 to 2023. The geographical analysis of social media security market is studied for North America, Europe, Asia-Pacific, and the rest of the world.
North America is expected to emerge as the leading region for social media security during the forecast period on the grounds of increasing adoption of social media platforms in enterprises which helps to stay connected and serves as an additional advertising and marketing platform. Also, majority of key players from well-established economies spending huge amount in developing security solutions and emerging BYOD trend among the enterprises are the reasons fueling the growth of market.
Furthermore,. Asia-Pacific is expected to grow at a significant pace due to government initiatives supporting SMEs which rely on social media platforms to boost the business. Also, the region is the largest market for ecommerce industry. The e-commerce industry generally uses social media platforms to boost sales this helps the social media security market to grow with a highest CAGR in the region.
Segmentation:
The global social media security market, as claimed by MRFR in the recently-published report, is segmented into organization size, deployment, security type, solution, and verticals. This segmentation provides better analytical review of the market where factors and factorial data have been analyzed.
Based on the organization size, the social media security market includes large enterprise and small and medium enterprises (SMEs). The large enterprise segment is expected to notably contribute to the market growth.
Based on the deployment, the social media security market includes on-cloud and on-premise. The on-cloud segment is quickly gaining momentum due to its easy launching procedures and cost-affordable status.
Based on the security type, the social media security market comprises network security, web-based security, endpoint security, mobile application security, and cloud security.
Based on the solution, the social media security market includes risk monitoring, data security, compliance, advanced threat protection, and others.
Based on the vertical, the social media security market consists BFSI, IT & telecommunication, media & entertainment, retail & ecommerce, healthcare, government, education, and others. The media & entertainment segment is expected to provide substantial traction to the global market. The retail & ecommerce segment is also expected to change their strategies considerably to profit from these new technologies.
Competitive Dashboard:
The highly competitive social media security market is all set to gain more from the tactical changes made by several companies like Sophos Ltd (UK), ZeroFOX. (US), RiskIQ (US), Symantec Corporation (US), Trend Micro Inc. (Japan), Micro Focus (UK), Centrify Corporation (US), Broadcom (CA Technologies) (US), SolarWinds Worldwide, LLC (US), Proofpoint (US), Hootsuite Inc. (Canada), Centrify Corporation (US), Digital Shadows Ltd (US), LookingGlass Cyber Solutions, Inc. (US), and Social Sentinel, Inc. (US) among others. MRFR recorded ongoing changes in the market to understand trends that could impact the global market considerably.
In July 2019, the UK army launched a new cyber warfare branch to tackle the growing threats from Russia. This department would engage themselves in protecting the social media scenario. The work would mostly include jamming and intercepting enemy comms to ensure better support to allied intelligence agencies.
Browse Complete Report (at) https://www.marketresearchfuture.com/reports/social-media-security-market-6842
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Datum: 05.11.2020 - 09:30 Uhr
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