TECH SUPPLIER Oct 2019 - Market Perspective - Doc # US45575319
Worldwide Security Forecast, 2019–2023: Market Opportunity by Industry — 2H18
This IDC Market Perspective describes how IDC's Customer Insights and Analysis group evaluates the worldwide security market opportunity, providing market forecasts from IDC's Worldwide Semiannual Security Spending Guide for 2018–2023 and touching upon key trends in the global security marketplace. This IDC study provides a detailed description of IDC's Worldwide Semiannual Security Spending Guide methodology and taxonomy. It should be used as a companion piece for IDC's Worldwide Semiannual Security Spending Guide and all of IDC's worldwide industry research. Technology suppliers may utilize this approach and structure to shape an industry-focused organization.
"Robust investment in key security solutions is due to myriad facets of security needs — data loss and prevention, compliance and risk management, increasingly sophisticated cyberschemes, and digital transformation complexity — and IDC estimates worldwide security spend to exceed $151 billion by 2023, growing at a healthy five-year CAGR of 9.4%," states Karen Massey, research manager, Customer Insights and Analysis, IDC. "The United States and Western Europe account for more than two-thirds of the worldwide spend, with the highest growth in Asia/Pacific, Latin America, and the People's Republic of China. Banking, manufacturing, and government lead in security spending, with state and local government, telecommunications, and resource industries leading in growth."
THE SHERWIN-WILLIAMS COMPANY, Verizon Communications, Inc., WERNER ENTERPRISES, INC., UnitedHealth Group Incorporated, Union Pacific Corp., The Walt Disney Company, WASTE MANAGEMENT, INC., Wal-Mart Stores, Inc., TOP SECRET NUTRITION LLC, Tyson Foods, Inc., United Technologies Corporation, Whole Foods Market Inc., WYNN LAS VEGAS, LLC, THE TJX COMPANIES, INC., UNIFIED GROCERS, INC., TUPPERWARE BRANDS CORPORATION, Unilever plc
Advanced authentication, Endpoint security, Enterprise single sign-on, Federated single sign-on, Firewall and VPN security appliance products, IT consulting services, IT education and training, Information protection and control, Intrusion detection and prevention, Legacy authorization, Messaging security, Network security, Security management, Systems integration services, Unified threat management, User provisioning, Virtual private network products, Web and messaging WAM security appliances, Web security, Web single sign-on
List of Tables
List of Figures
When you purchase this document, the purchase price can be applied to the cost of an annual subscription, giving you access to more research for your investment.