Research and Markets has released a new prediction that the global Internet security market will achieve an 8.1-percent compound annual growth rate through 2020 to reach a market value of $42.8 billion.
The company said Friday this growth is due to an increase in adoption of Internet-based applications in sectors such as financial services and an increase in security threats.
In its report, the firm says the market will also face a shift from software security solutions toward cloud-based systems and lead to growth of managed services.
The report listed the following key players:
- Dell’s SonicWall business
- Intel’s McAfee subsidiary
- Kaspersky Lab
- Trend Micro