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Technavio Sets 8% CAGR for Enterprise IT Security Market

Technavio Sets 8% CAGR for Enterprise IT Security Market - top government contractors - best government contracting event
  1. cybersecurityAn analysis by Technavio predicts the worldwide market for enterprise information technology security platforms will achieve an average growth of 7.83 percent from 2015 to 2019.

Technavio has observed more government and commercial organizations adopting tools to prevent theft and unauthorized access of their enterprise data as well as to mitigate sophisticated threats, Market Research International said Thursday.

An enterprise IT security strategy encompasses data protection, identity and access, governance, architecture, email and web security, data loss prevention and compliance, the report noted.

The report also offers information on market growth prospects in the Americas, Asia Pacific, Europe, the Middle East and Africa.

Technavio identified Cisco Systems, Dell, EMC, Hewlett Packard, IBM, Juniper Networks, Microsoft and Symantec as among the vendors of IT security products and services.

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Written by Mary-Louise Hoffman

is a writer of news summaries about executive-level business activity in the government contracting sector. Her reports for ExecutiveBiz are focused on trends and events that drive the GovCon industry to include commercial technologies that private companies are developing for federal government use. She contributes news content to ExecutiveBiz’s sister sites GovCon Wire and ExecutiveGov.

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