TechNavio a market research leader in the area of IT Security, recently published its Global Security Software Market for Small and Medium Business 2010–2014 report.
January 27, 2011 — The report aids decision makers’ understanding of the key trends impacting the growth of this market.
Commenting on the report, an analyst from TechNavio’s IT Security team said, “One of the important trends observed in the market is the growing adoption of SaaS-based security solutions. Unlike large enterprises and government departments, which are ready to pay high amounts to get complex network level solutions, SMBs give high preference to cost-effective solutions. SaaS-based solutions operate on the pay-as-you-use model and hence are much more cost effective.”
According to the report, one of the major drivers for the Global Security Software market for Small and Medium Business is increasingly strict compliance requirements. Earlier SMBs were not tightly regulated and most of the regulations were directed toward large enterprises with geographically diverse operations. However, with increasing criticality of business, the regulatory authorities are bringing the SMBs also in purview of different regulations. Coming under the scanner of the regulatory authorities means tighter internal compliance and data loss prevention measures.
Key findings from the report:
* Rapid Geographical Expansion of Small and Medium Businesses
* Limited Technological Expertise of IT Personnel
* Increasing Small and Medium Business Specific Offerings
The study was carried out using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key players.
TechNavio, the market research platform of Infiniti Research Ltd, publishes periodic reports on niche and emerging technologies. For further information, please visit www.technavio.com.
Media Contact:
Ludmila Berkesova
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Technavio
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http://www.technavio.com
