Multi-Layer Security Market Size, Growth, Key Manufacturer Analysis and Forecast to 2023

Posted May 2, 2019 by mandar

The global market for multi-layer security is estimated to grow at a significant rate during the forecast period from 2018 to 2023
Multi-Layer Security Market- Synopsis

The growing advancement in the network automation, and increased adoption of cloud-based services has attributed to the demand for a secure approach that uses different levels of security in a network. This enables various IT service providers to manage and achieve an efficient service portfolio for their customers by reducing the chances of cyber-attack or data breach. The major benefit of utilizing multi-layer security solutions is to additionally create a back-up at each level of the security. These solutions can be applied at network layer, application layer, and even at client’s or customer’s side. Each layer works individually over a specific threat and is meant to cover up the security gaps left over at previous level. There are various types of security layers which can be used in a network including web protection, e-mail security, anti-virus, firewalls, anti-spam, privacy controls, and others. These solutions ensure the safety of the data and subsequently monitors the transfer of information.

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Multi-Layer Security Market- Key players

The key players in the multi-layer security market are identified across all the major regions based on their country of origin, presence across different regions, recent key developments, product diversification, and industry expertise. Some of them are – SolarWinds MSP (Scotland), Gemalto NV (France), Fortinet Inc. (US), AT&T Inc. (US), Blue Solutions Limited (England), Oracle Corporation (US), Symantec Corporation (US), McAfee LLC (US), F5 Networks Inc. (US), and Cisco Systems Inc. (US). These players contribute a major share in the growth of multi-layer security market.

Apart from the top key players, there are other players that contribute to the market growth. These include Ingenico Group (France), HP Development Company LP (US), Hitachi Ltd (Japan), IBM Corporation (US), Microsoft Corporation (US), Adept4 Ltd(UK), Raytheon (US), Heimdal Security (Denmark), Bayshore Networks (US), SNC-Lavalin (Canada), Magal Security Systems Ltd (Israel), masterIT (US), Apogee IT Services (US), Compugen Inc. (US), Webroot Inc. (US), Novosco Ltd. (Ireland), On-Site Technology (US), Tata Communications Ltd. (India), Nucleus Networks Inc. (Canada), InterVision Systems (US), and others.

Multi-Layer Security Market - Segmentation

By type, the market is segmented into proactive security, detective security, and reactive security.

By component, the market is bifurcated into solution and services. The solution segment is further divided into endpoint protection, DNS protection, enterprise security, web protection, cloud security, email protection, DLP protection, and others. Whereas, the service segment is bifurcated into professional services and managed services.

By deployment, the market is bifurcated into cloud, and on-premise deployment.

By end-user, the market is segmented into BFSI, military & defense, IT & telecommunication, government, media & entertainment, healthcare, and others.

Multi-Layer Security Market- Regional analysis

The global market for multi-layer security is estimated to grow at a significant rate during the forecast period from 2018 to 2023. The geographical analysis of multi-layer security market is studied for North America, Europe, Asia-Pacific, and the rest of the world (including the Middle East, Africa, and Latin America.

North America is expected to dominate the multi-layer security market during the forecast period owing to increased zero day attacks, cyber breaches, and increased need for efficient security solutions. In the US, the number of IT based companies are increasing and subsequently the adoption of internet-based processes, cloud service adoption, and network virtualization has further increased the need for multi-level security. Various end-use verticals across different domains are shifting their business and work operations to cloud. Multi-level security thereby helps these enterprises to stop attacks at network level, application level as well as end-use level.

Europe is the second dominating region in the multi-layer security market. Although Europe is a technically advanced and well-established region, most of the enterprises and industries are adopting traditional measures for achieving multi-layer security. Europe has a rich concentration of major players that provide multi-layer security, and thereby adds in the revenue generation from the region. On the other hand, Asia-Pacific is the fastest growing region owing to the increased investment in technology by the government in these countries and rapid urbanization. Various government initiatives let multi-national companies to set-up their branches and facilities in Asia leading to digitization.
Rest of the World multi-layer security market covers The Middle East & Africa and Latin America region. Among these, Middle East is expected to gain high market share in multi-layer security market in coming years due to changing security structure in the region.

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Multi-Layer Security Market- Intended Audience

Technology platform developers
Service Providers Government Agencies
Data Center Providers
Cloud Service Distributors
Healthcare facilities
IT & Telecommunication
Distributors and resellers
Research organizations

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Last Updated May 2, 2019