In a recent published report, Kenneth Research has updated the market report for Social Media Security Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.
U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Social Media Security Market products.
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According to the statistics by the World Bank, the exports of ICT goods globally increased from 11.164% of total goods exports in 2017 to 11.53% of total goods exports in 2019. Additionally, exports of ICT services increased from 5.61% of service exports (BoP) in 2001 to 10.37% of service exports (BoP) in 2017. On the other hand, growing awareness amongst individuals for using the internet is also anticipated to contribute to the market growth. For instance, the total number of individuals using the internet grew from 8% of total population in 2001 to 49% of total population in 2017.
Global Social Media Security Market Analysis – 2020-2025
Social media security is referred to as the process of analysis of dynamic social media data to protect business threats and secure from any other type of cyber threat and cybercrimes. The global social media security market is anticipated to grow by a CAGR of around 20% during the forecast period 2020-2025. Factors such as rising utilization of social media apps amongst individuals around the globe, the launch of several new social media apps that can access personal data of a user and the rising concern for threats and attacks on social media applications are anticipated to contribute significantly towards the growth of the global social media security market.
“The Final Report will cover the impact analysis of COVID-19 on this industry.”
Additionally, increasing concern for cybercrimes and cyber thefts around the world which is increasing consistently owing to the dynamic landscape of apps and technological advances that are prone to such threats at any point of time is raising the need amongst businesses around the world to increasingly adopt social media security services so as to protect the user information collected by them used for greater consumer experiences, are some of the factors anticipated to drive the growth of the global social media security market.
The global social media security market consists of various segments that are segmented by type, application, and region. The application segment is further sub-divided into small & medium enterprises or SMEs and large enterprises or Les. Out of these, large enterprises segment is anticipated to hold the largest market share and cross a value of around USD 2600 million by the end of 2025. Additionally, the segment is anticipated to attain an absolute $ opportunity of around USD 1500 million during the forecast period.
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Based on the region, the global social media security market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The market in the Asia Pacific, which had accounted for around 16% market share in the year 2018, is anticipated to cross a value of around USD 500 million by the end of 2025. The market in the region is also further anticipated to gain an absolute $ opportunity of around USD 300 million during the forecast period.
Some of the affluent industry leaders in the global social media security market are Proofpoint, Inc., ZeroFOX, Sophos Ltd., Trend Micro, Micro Focus, Broadcom Inc., RiskIQ, SolarWinds Worldwide, LLC, Digital Shadows Ltd., LookingGlass Cyber Solutions, Inc.
Business Questions answer by the report
- How will the market drivers, restraints and opportunities affect the market dynamics?
- What will be the market size in terms of value and volume and market statistics with detailed classification?
- Which segment dominates the market or region and one will be the fastest growing and why?
- A comprehensive survey of the competitive landscape and the market participant players
- Analysis of strategy adopted by the key player and their impact on other players.
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