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Social Media Security Market by Solution, Service, Organization Size, Industry Vertical And Region - Global Forecast to 2023

Social Media Security Market: Global Forecast until 2023

  • August 2018
  • 140 pages
  • ID: 5483806
In this report:
THE MANUFACTURING VERTICAL IS ESTIMATED TO ACCOUNT FOR THE LARGEST MARKET SHARE OF ##.##% IN 2018 AND IS EXPECTED TO GROW AT THE HIGHEST CAGR OF ##.##% DURING THE FORECAST PERIOD.
THE NETWORK SECURITY SEGMENT IS EXPECTED TO GROW AT THE HIGHEST CAGR OF ##.##% DURING THE FORECAST PERIOD AND IS PROJECTED TO REACH THE LARGEST MARKET SIZE OF USD ##.## MILLION BY 2023.

Summary

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The strategic shift toward social media security due to the growing adoption of enterprise social media and the need for institutions to secure their social media platforms and networks against malicious attacks and segment risks are the factors that are driving the social media security market.

The overall social media security market size is forecasted to grow from $895.60M in 2018 to $1970.60M by 2023, at a Compound Annual Increase rate of 17.10 percent during the forecast period. The industry is influenced by a strategic shift toward social media security, due to the rising sophistication level of attacks on enterprise social media platforms, increasing need to manage stringent regulations and compliances, and growing use of social media by employees in the organization both for businesses, as well as personal purposes. On the other hand, data privacy constraints and the lack of common laws across regions and cross-boundary location of servers may restrain the social media security market rise.

The monitoring segment is planned to account for the most important industry size during the estimate period in the social media security market.

The monitoring segment is intended to account for the biggest sector size during the outlook period.Monitoring solutions help companies to identify and track the social media activity of their employees, as well as individuals across different social media platforms.

These solutions would benefit corporations identify the potential threats and vulnerabilities and take the necessary action against these threats. This process allows firms to recognize the malignant activity, which comprises defamation of organizations brand and data theft, thus assisting in taking precedent steps to prevent them.

The big enterprises segment is intended to hold a larger market size during the estimate period.

The considerable enterprises segment is forecasted to hold a larger market size in the social media security market during the outlook period.Significant enterprises are the early adopters of social media security solutions and associated services.

Though important enterprises have the necessary budgets, the acceptance would be hindered partially, due to the increasing data privacy concerns in institutions.Nevertheless, due to the increasing Bring Your Own Device trend among these organizations, there is an unprecedented increase of social media use by employees in institutions for business and personal purposes, and it is inevident for these enterprises to overlook the potentiality of these platforms as a mode for communication and customer experience purposes.

Therefrom, they are adopting social media security solutions on a big scale to counter any attacks on their social media platforms.

North America (NA) is forecasted to account for the biggest market share, because Asia-Pac is expected to grow at the highest compound annual growth rate (CAGR).

North America continent is forecasted to hold the biggest industry size and dominate the overall social media security market, in 2018.The rising penetration of enterprise social media and the security challenges combined with it includes compliance management, together with meeting strict compliance regulations are pushing organizations in North America (NA) to take social media security solutions.

Asia Pacific (APAC) affords increase opportunities for the main vendors in the social media security market, as territories in this zone have huge social media user base, and there is a drastic growth in the adoption of social media platforms for business purposes by institutions in this area.

In the process of finding out and checking the market value for various segments and sub-segments collected by secondary research, extensive primary audit sessions were managed with the main people.

The breakup of profiles of the primary participants is like:

• By Organization: Tier 1 - 33.0 percent, Tier 2 - 41.0 percent, and Tier 3 - 26.0 percent

• By Description: C-suite - 33.0 percent, D-level - 56.0 percent, and Others - 11.0 percent

• By Area: North America continent - 33.0 percent, Europe, Middle East and Africa (EMEA) - 23.0 percent, Asia-Pac - 44.0 percent

Main social media security vendors contain Sophos, Trend Micro, Symantec, Micro Focus, CA Technologies, ZeroFOX, RiskIQ, SolarWinds, Digital Shadows, Proofpoint, LookingGlass Cyber Solutions, KnowBe4, Hootsuite, Centrify, Social Hub, Brandle, DigitalStakeout, Bowline Security, Social Sentinel, SecureMySocial, Hueya, CSC, CoNetrix, Crisp Thinking, and CrowdControlHQ.

Segment Research

The research study segments the social media security market by solution, service, organization size, vertical, and area.On top of, it includes the factors that are driving the social media security market, together with the increase opportunities in this sector.

It also comprises the restraining factors and opportunities for the social media security market. Furthermore, the industry report includes in-depth company profiles of the top actors offering social media security solutions and services.

The study would benefit the market top players/new sector entrants in the sector in these ways:

1. The document breaks down the social media security market comprehensively and offers the best approximations of the revenue data for the global market and its sub-segments across localities.

2. The analysis benefits partners distinguish the pulse of the sector, and offers the info about main market drivers, market restraints, opportunities, and alternatives.

3. The market research benefits partners comprehend their players better and acquire additional insights to enhance their positions in businesses. The competitive outlook section includes competitor ecosystems, new industry product developments, alliances, and mergers and acquisitions.

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