multilayer security industry Future Demands, Growth, Revenue and Forecast 2027

Posted by sneha patil on February 22nd, 2022

The multilayer security industry is garnering exponential traction across the globe. The market growth attributes to the increasing advances in network automation.  Besides, the rising adoption of cloud-based services drives the development of the market. Also, augmenting demands for a secure approach to provide security at different levels in a network pushes the market growth. Moreover, the increasing adoption of multi-layer security technology in the BFSI sectors escalates market sales.

According to Market Research Future (MRFR), the global multi-layer security market is poised to grow at an impressive CAGR throughout the assessment period (2018-2023). Multi-level security approaches help enterprises to counter cyberattacks at various network levels, application, and end-user levels. As a result, many end-use verticals across the industries are shifting their business operations to the cloud.

Additionally, the rising surging security threats over networks and the Internet increase the market demand. The rise in smartphone users and the legal compliances influence the growth of the market. Also, the high adoption of BYOD policies, alongside the growing numbers of organizations, propels the development of the multilayer security industry

Segmentation

The Multi-layer Security Market is segmented by form into proactive protection, detective security and reactive security.

The market is bifurcated into solutions and services by part. The solution section is further broken down into endpoint protection, DNS protection, corporate security, web protection, cloud security, email protection, DLP protection and others. The business section, meanwhile, is divided into technical services and managed services.

The market is divided into cloud by application, and on-premise application.

The market is segmented by end user into BFSI, Military & Security, IT & Telecommunications, Government, Media & Entertainment, Health and others.

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Region-Wise Analysis

The global Multi-layer Security market, regionally, has been studied for the regions of the Americas, Asia Pacific, Europe, and the Rest of the World.

North American region is expected to escort the multi-layer security market during the forecast period in support of cyber breaches, increased zero-day attacks, and increased need for efficient security solutions factors. In the US, the numbers of IT-based companies are escalating. Subsequently, the adoption of cloud service adoption, internet-based processes, and network virtualization has further improved the need for multi-level security. Even various end-use verticals across diverse domains are shifting their business and work operations to the cloud. Multi-level security thereby assists these enterprises with stopping the attacks at the network level, application level, and end-use level.

The region of Europe is the second commanding region in the multi-layer security market. As Europe is a technically advanced and well-established region, most of the companies and industries are adopting traditional measures for achieving multi-layer security. Europe has a rich concentration of foremost players that provide multi-layer security, and thereby adds in the revenue generated from the region.

On the other hand, the Asia-Pacific region is the fastest-growing region with augmented investment in technology by the government and rapid urbanization. Various government initiatives have allowed multi-national companies to set-up their branches and facilities in Asia, leading to digitization.

In the last, the Rest of the World region for the multi-layer security market covers The Middle East & Africa and Latin America region. Among these, the Middle East is likely to gain a high market share in the multi-layer security market in the coming years owing to changing security structure in the region.

Global Multi-layer Security Market – Competitive Analysis

Highly competitive, the multi-layer security market appears fragmented due to the presence of numerous well-established players. To gain a larger competitive share, innovation, mergers & acquisitions, and brand reinforcement remain key trends for these players. The market is likely to witness intensified competition with an increase in R&D innovations and M&A. 

Major Players:

Players operating the multi-layer security market include Gemalto NV (France), Fortinet Inc. (US), SolarWinds MSP (Scotland), Blue Solutions Limited (England), Oracle Corporation (US), AT&T Inc. (US), McAfee LLC (US), F5 Networks Inc. (US), Symantec Corporation (US), Cisco Systems Inc. (US), Ingenico Group (France), HP Development Company LP (US), Hitachi Ltd. (Japan), Adept4 Ltd(UK), IBM Corporation (US), Microsoft Corporation (US), Bayshore Networks (US), Raytheon (US), Heimdal Security (Denmark), MasterIT (US), SNC-Lavalin (Canada), Magal Security Systems Ltd (Israel), Webroot Inc. (US), Apogee IT Services (US), Compugen Inc. (US), Tata Communications Ltd. (India), Novosco Ltd. (Ireland), On-Site Technology (US), InterVision Systems (US), and Nucleus Networks Inc. (Canada), among others. 

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