|[March 11, 2014]
Research and Markets: IT Security Market in Japan 2014-2018: More End-Users Adopting IT Security Services, a Trend That Is Supporting the Growth of the IT Security Market
DUBLIN --(Business Wire)--
Research and Markets (http://www.researchandmarkets.com/research/x2r49z/it_security)
has announced the addition of the "IT
Security Market in Japan 2014-2018" report to their offering.
The analysts forecast the IT Security market in Japan to grow at a CAGR
of 5.1 percent over the period 2013-2018. One of the key factors
contributing to this market growth is the need to improve the quality of
protection. The IT Security market in Japan has also been witnessing the
increasing demand for cloud-based security solutions. However, the high
cost of implementation could pose a challenge to the growth of this
Key vendors dominating this space are Check Point Software Technologies
Ltd., Cisco Systems Inc., Fortinet Inc., Juniper Networks (News - Alert) Inc., McAfee
Inc., Symantec Corp., and Trend Micro Inc.
Other vendors mentioned in th report are Brocade Communications
Systems, Citrix Systems Inc., EMC Corp., Hitachi Ltd., Radware (News - Alert) Ltd., and
Commenting on the report, an analyst from the team said: One of the
major trends witnessed in the market is the growing demand for
cloud-based security solutions. The demand for cloud-based security
solutions is increasing in the IT Security market in Japan, primarily
because of the significant advantages provided by such solutions.
Companies also find it difficult to manage standalone or integrated
network components because of issues such as budget constraints and the
lack of resources and expertise available to address security issues.
Hence, companies are increasingly opting for cloud-based IT security
solutions that are cost-effective, comply with PCI (News - Alert) DSS, and offer
round-the-clock monitoring of systems. Therefore, the increasing demand
for cloud-based solutions is expected to contribute to the growth of the
IT Security market in Japan during the forecast period.
According to the report, one of the major drivers is the need to improve
the quality of protection. As the frequency of attacks is increasing,
organizations are increasingly implementing IT security solutions that
efficiently monitor and provide enhanced protection. The quality of
protection can also be enhanced by outsourcing security responsibilities
to service providers that have core expertise in this field. Hence, more
end-users are adopting IT security services, a trend that is supporting
the growth of the IT Security market in Japan.
For more information visit http://www.researchandmarkets.com/research/x2r49z/it_security
About Research and Markets
Research and Markets is the world's leading source for international
market research reports and market data. We provide you with the latest
data on international and regional markets, key industries, the top
companies, new products and the latest trends.
[ Back To Technology News's Homepage ]