Global Social Media Security Market Poised to Value over US $ 2.3 Billion by 2026 End

  • 14 May 2019

The global social media security market is poised to value over US $ 2.3 billion by 2026 end, growing at a CAGR of 16.7% during the forecast period of 2019 to 2026. 
Social media has become an interwoven part of everyday life and so is the need to protect personal data due to the malware and social engineering incidences. With information security, social engineering activities on the rise the social media usage experience greater necessity for enhanced cybersecurity than ever before. Also, almost every corporate today relies on social media platforms for brand promotion, product advertisements and latest broadcasts. Stringent government measures to deal with cybersecurity attacks on social media channels are the major driving factor for social media security services demand. The cost associated with cybersecurity breaches is massively taxing especially for small and medium organizations. 
Besides lack of upgraded enterprise security strategies and uniform data protection measures especially around Bring Your Own Device (BYOD) trend, is another factor that is foreseen to promote the growth of social media security market in years to come. 
The gigantic data created on social media platforms in the form of images, videos, text, geographic locations etc. can determine to be of competitive advantage to the corporates. The global social media security market players are anticipated to harness opportunities created by the next-generation communication technologies like advanced Long Term Evolution (LTE) to gain a leading position during forecast years from 2019 to 2026.

Global Social Media Security Market Challenges and Restraints
•    Lack of cross border cyber-security compliant laws in terms of social media security solutions adoption
•    Irregular security criteria that differ from organization to organization
•    Social engineering threats violating contemporary security protocols
•    Failure to comprehend sophisticated attacks before the damage is done

Global Social Media Security Market, by Service: 
>Managed Service
>Professional Service

Global Social Media Security Market, by Solution: 
>Threat Intelligence
>Risk Management
>Monitoring
The lack of measures to gauze cybersecurity malware and malicious attacks in advance creates a unique opportunity for social media security solutions providers. Hence threat intelligence is anticipated to be a landscape-altering solution across global social media security market. Threat intelligence segment is estimated to grow at a lucrative CAGR during 2019-2026.

Global Social Media Security Market, by Organization Size: 
> Large enterprises
> Small and medium enterprises

Global Social Media Security Market, by Industry Vertical:
> IT and telecom
> Media and entertainment
> Travel and hospitality
> Retail
> Healthcare
> Education
> Banking, financial services, and insurance

Global Social Media Security Market, by Region:
> Europe 
> North America 
> APAC 
> Latin America
> Rest of world
Herculean amount of confidential personal data that needs protection on social media platforms in the North American region has put it in the forefronts of the global social media security market. However, it is anticipated that the APAC region would soon take over the leading position due to cyber security related regulatory reforms underway. Whereas, the increased investments in social media security services and technologies across various industrial verticals in Latin America, this region is supposed to grow at a considerable pace over a few years from now.

Competitive Landscape: 
> Tier 1 players- established companies in the market with a major market share 
> Tier 2 players
> Emerging players which are growing rapidly
> New Entrants  

Future Wise Takeaways 
> Growth prospects 
> SWOT analysis
> Key trends
> Key data points affecting market growth 

Objectives of the Study:
1.    To provide with an exhaustive analysis on the global social media security market on the basis of solution, service, security type organization size, industry vertical, and region
2.    To cater comprehensive information on factors impacting market growth (drivers, restraints, opportunities, and industry-specific restraints)
3.    To evaluate and forecast micro-markets and the overall market 
4.    To predict the market size, in key regions (along with countries)—North America, Europe, Asia Pacific, Latin America, and the Middle East.
5.    To record evaluate and competitive landscape mapping- product launches, technological advancements, mergers and expansions
6.    Profiling of companies to evaluate their market shares, strategies, financials and core competencies 

 

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