Enterprise IT Security Market Size, Trends, Drivers and Challenges, Vendor Landscape, Opportunities and Forecast to 2026

Explore in-depth market insights from the following data in our ‘Enterprise IT Security Market’ report:

• IT security market outlook by product/service type: analysis as well as historical figures and forecasts of revenue opportunities from the IT security product/service type.
• IT security market outlook by enterprise size band: analysis as well as historical figures and forecasts of revenue opportunities from the enterprise size band perspective.
• IT security market outlook by regions: analysis as well as historical figures and forecasts of revenue opportunities from a regional perspective.
• IT security market outlook by revenue opportunity: analysis as well as historical figures and forecasts of revenue opportunities from a regional perspective.
• The vendor landscape: an examination of the positioning of leading players in the IT security market.
• Underlying assumptions behind our published base-case forecasts, as well as potential market developments that would alter, either positively or negatively, our base-case outlook.

 How is the ‘Enterprise IT Security Market’ report different from other reports in the market?

• This market intelligence report offers a thorough, forward-looking analysis of global enterprise IT security, IT security solution providers, and key opportunities in a concise format to help executives build proactive and profitable growth strategies.
• Accompanying GlobalData’s Forecast products, the report examines the assumptions and drivers behind ongoing and upcoming trends in the global enterprise IT security market.
• The report also highlights key product/service types (hardware, software, services), vertical industries (BFSI, manufacturing, information technology, retail, and government, etc.), enterprise size bands (micro, small, medium, large, and very large) and key regions (Asia Pacific, North America, Western Europe, Middle East & Africa, South & Central America, and Central & Eastern Europe)
• With charts and tables, the report is designed for an executive-level audience, boasting presentation quality.
• The report provides an easily digestible market assessment for decision-makers built around in-depth information gathered from local market players, which enables executives to quickly get up to speed with the current and emerging trends in the global enterprise IT security market.
• The broad perspective of the report coupled with comprehensive, actionable detail will help security hardware & software vendors, service providers, and other communications and collaboration players succeed in the growing IT security market worldwide.

 We recommend this valuable source of information to anyone involved in:

• Technology Leaders and Startups
• Business Development and Market Intelligence
• Investment Analysts and Portfolio Managers
• Professional Services – Investment Banks, PE/VC firms
• M&A/Investment, Management Consultants, and Consulting Firms

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Enterprise IT Security Market Overview

The enterprise IT security market size was pegged at $142.6 billion in 2021. The market is expected to grow at a CAGR of more than 10% during the forecast period (2021-2026). The need for enterprises to eliminate huge costs associated with such security breaches and safeguard their IT systems from security attacks has been driving the enterprise IT security market. Further, there has been a rise in cybercrime globally with malicious intent of breaking into enterprise IT systems and accessing sensitive data. Enterprises need IT security to protect their sensitive information, comply with regulations, prevent cyber-attacks, and ensure business continuity. Effective IT security measures help safeguard an organization’s assets and reputation, prevent financial and legal penalties, and minimize the impact of potential disruptions.

The enterprise IT security market research report provides an executive-level overview of the current IT security market worldwide, with detailed forecasts of key indicators up to 2026. Published annually, the enterprise IT security market report provides a detailed analysis of the near-term opportunities, competitive dynamics, and evolution of demand by product/service type and verticals across the large enterprise and micro, small & medium enterprise (MSME) markets, as well as a review of key IT security market trends and the technological developments that are shaping the IT security landscape.

Enterprise IT Security Market Outlook 2021-2026 ($ billion)

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Enterprise IT Security Market Segmentation by Infrastructure Type

The enterprise IT security market is divided across three infrastructure types namely:

• IT security software
• IT security hardware
• IT security services

Enterprise IT Security Market Share by Infrastructure Type, 2021

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IT Security Software Represents the Largest Contributor to the Total Enterprise IT Security Market Value

IT security software is the largest revenue generating segment for the overall enterprise IT security market with its share of total revenue pegged at 43.5% ($62 billion) for 2021. Widespread availability of easy-to-deploy security software applications, with interactive consoles and dashboards that offer users complete control, is driving the adoption of security software among enterprises. Growing popularity of cloud-based security software, which enables users to use security software while having it stored and run through a cloud vendors’ infrastructure also adds to IT security software revenues.

Enterprise IT Security Market Segmentation by Product/Service Type

The enterprise IT security market is divided across multiple product/service type namely:

• Managed Security Services
• Identity and Access Management
• Endpoint Security Platforms
• Multi-Factor Authentication (MFA)
• Firewalls and VPN Appliances
• Others

Global Enterprise IT Security Market Share by Product/Service Types, 2021

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Managed Security Services is the Most Attractive IT Security Product/Service Category

The managed security services segment was pegged at $51.5 billion in 2021 with the largest revenue opportunity share (36.2% share) in 2021 and is expected to grow at a CAGR of more than 11% between 2021-2026. Dearth of skilled IT security professionals and limited capital resources for IT security has been driving the adoption of managed security services. Also, managed security services are gaining prominence because they offer businesses access to the latest cybersecurity technology and expertise, are often cost-effective compared to building an in-house team, can be scaled to meet changing needs, and provide access to specialized expertise.

Enterprise IT Security Market Segmentation by Vertical

The BFSI sector is the largest end-use market for enterprise IT security. The report analyses the global enterprise IT security market across several industry verticals including:

• BFSI
• Manufacturing
• Information Technology
• Retail
• Government

Enterprise IT Security Market Share by Vertical, 2021

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Enterprise IT Security Market Segmentation by Regions

The enterprise IT security market forecast report also analyses the global enterprise IT security market across six regions:

• North America
• Asia Pacific
• Western Europe
• Middle East & Africa
• South & Central America
• Central & Eastern Europe

Global Enterprise IT Security Market Share by Region, 2021

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According to GlobalData’s analysis, North America will be the largest regional market for overall IT security market with a revenue opportunity pegged at $48.9 billion in 2021 and set to grow at a CAGR of more than 7% during the forecast period 2021-2026. The IT security market in the region is driven primarily by increased government focus on securing critical infrastructure and data. Also, increased awareness of the importance of cybersecurity has led to increased investment in IT security solutions and services.

Enterprise IT Security Market – Drivers, Trends and Challenges

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Vendor Landscape

The global enterprise IT security vendor landscape is dominated by prominent international players such as Microsoft, IBM, Cisco, Palo Alto and Atos.

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Enterprise IT Security Market Overview