The telecom cyber security solution global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Telecom Cyber Security Solution Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size -
The
telecom cyber security solution market size has grown rapidly in recent
years. It will grow from $32.51 billion in 2023 to $38.15 billion in
2024 at a compound annual growth rate (CAGR) of 17.3%. The growth in the
historic period can be attributed to rise of mobile connectivity,
increasing reliance on digital communication, growing cyber threats,
historic data breaches, legacy infrastructure vulnerabilities.
The telecom cyber security solution market size is expected to see rapid growth in the next few years. It will grow to $71.76 billion in 2028 at a compound annual growth rate (CAGR) of 17.1%. The growth in the forecast period can be attributed to expansion of cloud services, proliferation of connected devices, emphasis on privacy protection, evolving threat landscape, demand for managed security services. Major trends in the forecast period include shift towards zero-trust architecture, focus on identity and access management, emphasis on privacy and data protection regulations, development of telecom-specific security standards.
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Scope Of Telecom Cyber Security Solution Market
The Business Research Company's reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market's historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Telecom Cyber Security Solution Market Overview
Market Drivers -
The
rise in cyber-attack incidents is expected to propel the growth of the
telecom cyber security solution market going forward. A cyberattack is a
malicious attempt by an individual or organization to compromise
computer systems, networks, or digital devices, often with the intent of
stealing sensitive data, disrupting operations, or causing damage. The
rise in cyber-attack incidents can be attributed to increasing
connectivity and the growing digital landscape, creating more
opportunities for malicious actors. Telecom cybersecurity solutions
mitigate cyber-attack incidents by implementing robust threat detection,
encryption protocols, and network segmentation to safeguard against
vulnerabilities and unauthorized access in the telecom industry. For
instance, according to the Internet Crime Report 2022 published by the
Federal Bureau of Investigation (FBI), a US-based national security
agency and law enforcement organization, the Internet Crime Complaint
Center (IC3) received 300,497 phishing complaints in 2022, with
financial losses attributed to phishing complaints amounting to $0.052
billion, while in the preceding year of 2021, the corresponding figure
stood at $0.044 billion. Therefore, the rise in cyber-attack incidents
is driving the growth of the telecom cyber-security solution market.
Market Trends -
Major
companies operating in the telecom cyber security solution market are
increasing their focus on developing advanced solutions, such as
advanced generative AI (artificial intelligence) technology for the
telecom industry, to enhance security measures and resilience within the
telecom industry. It leverages machine learning algorithms to create
innovative cybersecurity solutions autonomously, improving threat
detection and response capabilities. For instance, in September 2023,
Netcracker Technology, a US-based software technology company, launched
the GenAI Telco Solution. This platform features secure integration of
popular generative AI models, robust security measures, an observability
framework for accurate outcomes, and a unified approach for optimal
business outcomes. This integration of artificial intelligence (AI) and
machine learning (ML) ensures efficient processing of telco data,
enhances customer interactions and strengthens data protection,
addressing critical security concerns in the telecom cybersecurity
solution market.
The telecom cyber security solution market covered in this report is segmented –
1) By Type: Device, Service, Software
2) By Deployment Model: Cloud, On-Premise
3) By Application: Small Businesses, Medium Businesses, Large Businesses
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Regional Insights -
North
America was the largest region in the telecom cyber security solution
market in 2023. Asia-Pacific is expected to be the fastest-growing
region in the forecast period. The regions covered in the telecom cyber
security solution market report are Asia-Pacific, Western Europe,
Eastern Europe, North America, South America, Middle East, Africa.
Key Companies -
Major
companies operating in the telecom cyber security solution market are
Microsoft Corporation, Accenture, International Business Machines
Corporation, Cisco Systems Inc., PricewaterhouseCoopers International
Limited, Schneider Electric SE, Broadcom Inc., Tata Consultancy
Services, Bae Systems Inc., Capgemini, Cognizant, Infosys Limited, HCL
Technologies Limited, Wipro Limited, Rockwell Automation Inc., Tech
Mahindra Limited, Palo Alto Networks Inc., Juniper Networks Inc.,
Fortinet Inc., Symantec Corporation (NortonLifeLock Inc.), F5 Networks
Inc., Splunk Inc., Check Point Software Technology Ltd., Trend Micro
Incorporated, AO Kaspersky Lab, L&T Technology Services Limited
(LTTS), Rapid7 Inc., CyberArk Software Ltd.
Table of Contents
1. Executive Summary
2. Telecom Cyber Security Solution Market Report Structure
3. Telecom Cyber Security Solution Market Trends And Strategies
4. Telecom Cyber Security Solution Market – Macro Economic Scenario
5. Telecom Cyber Security Solution Market Size And Growth
…..
27. Telecom Cyber Security Solution Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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