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(IT-NEWSWIRE.COM, July 23, 2018 ) The security system integrators market is expected to grow from USD 9.76 Billion in 2017 to USD 14.72 Billion by 2022, at a Compound Annual Growth Rate (CAGR) of 8.6%. The major growth drivers of the market include the increased network complexities due to third-party application deployment, lack of skilled cybersecurity professionals in enterprises, growing security needs for Internet of Things (IoT), Bring Your Own Device (BYOD) trends, and increasing adoption of cloud-based services.
Major security types in cybersecurity include application security, endpoint security, network security, data security, risk and compliance management, and business continuity and disaster recovery. Among the various security types, the data security type is expected to grow at the highest CAGR during the forecast period due to the increasing adoption of encryption solutions among enterprises.
North America is expected to have the largest market share and dominate the security system integrators market from 2017 to 2022, due to the presence of major security vendors, security system integrators, and Managed Security Service Providers (MSSPs). The organizations in this region are increasingly adopting advanced security solutions to protect their critical IT assets. The other drivers for the increasing demand for security system integrators include the need for regulatory compliance and easy integration of security solutions with organizations’ existing security infrastructure.
The major security system integrators include Cisco Systems, Inc. (US), FireEye, Inc. (US), Hewlett Packard Enterprise (HPE) Development LP (US), International Business Machines (IBM) Corporation (US), McAfee, LLC (US), Accenture BCR (Ireland), Cognizant Technology Solutions U.S. Corporation (US), Deloitte Touche Tohmatsu Limited (US), HCL Technologies Limited (India), Wipro Limited (India), CIPHER Security LLC (US), Integrity360 (Ireland), Vandis, Inc. (US), Anchor Technologies, Inc. (US), and Innovative Solutions Co (Saudi Arabia).
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Source: EmailWire.Com 
Source: EmailWire.com
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