The report of Social Media Security Market by solution (monitoring, threat intelligence, risk management), security type (web security, application security, endpoint security, network security, cloud security), service (professional services, managed services), organization size (small and medium-sized enterprises , large enterprises), vertical (banking, financial services, and insurance , healthcare , telecom and it , retail , media and entertainment , government , education , travel and hospitality , manufacturing , others), and region (North America, Europe, Asia Pacific, Middle East & Africa, and South America) is expected to reach US$ 3,873.57 Mn By 2027, At A CAGR Of 17.9 % during a forecast period.
Social media security market size is driven by the increasing number of internal security risks, including cyber terrorism, fraud, and money laundering that arise due to social media platforms. As the adoption of the social media solutions across the world is increasing, the potential risk of the phishing attacks and the need to protect the confidential information also rises. This boosts organizations to take effective measures to mitigate the risk of cyber-attacks.
Threat intelligence segment is dominating the global social media security market
The threat intelligence segment is anticipated to play a key role in the global social media security market and expected to grow at the highest CAGR during the forecast period. With the increasing penetration of social media across organizations, the imminent need to protect the social media platforms and networks beside the malicious attacks has increased.
North America has the largest market share for global social media security market during the forecast period.
North America is projected to account for the largest market size in the market, in 2018, whereas Asia Pacific is projected to be the fastest-growing region throughout the forecast period. The increasing adoption of Bring Your Own Device (BYOD) trend between enterprises and huge benefits, such as marketing, promotions, and customer services through social media platforms would provide significant growth opportunities to social media security vendors across the world.
Key players operating in market, Sophos, Trend Micro, Symantec, Micro Focus, CA Technologies (Veracode), ZeroFox, RiskIQ, SolarWinds, Digital Shadows, Proofpoint, LookingGlass Cyber Solutions, KnowBe4, Hootsuite, Centrify, Socialhub, Brandle, DigitalStakeout, Bowline Security, Social Sentinel, SecureMySocial, Hueya, CSC, CoNetrix , Crisp Thinking, CrowdControlHQ.
Maximize market research, a global market research firm with a dedicated team of specialists and data has carried out extensive research about the market. The report encompasses the market by different segments and region, providing an in-depth analysis of the overall industry ecosystem, useful for making an informed strategic decision by the key stakeholders in the industry. Importantly, the report delivers forecasts and share of the market, further giving an insight into the market dynamics, and future opportunities that might exist in the market. The driving forces, as well as considerable restraints, have been explained in depth. in addition to this, competitive landscape describing the strategic growth of the competitors have been taken into consideration for enhancing market know-how of our clients and at the same time explain market positioning of competitors.
Browse the market data Tables and Figures spread through a comprehensive research report and in-depth TOC on “Social Media Security Market”
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