Social Media Security Market To Reach USD 2.1 Billion By 2025 | CAGR 17.9% - Forencis Research

Social Media Security Market Size, Share, Trends, Growth, Analysis, Research

Global Social Media Security Market: Key Highlights

  • According to the new market research report “Social Media Security Market by Solution (Threat Intelligence, Dark Web Monitoring and Risk Management), by Security Type (Network Security, Cloud Security, Critical Infrastructure Security, Internet of Things (IoT) Security and Application Security), by End-User (Government, Banking, Financial Services, and Insurance, Manufacturing, Media and Entertainment, Retail and Consumer Goods, Education and Others) by Region (Asia Pacific, North America, Europe, Middle East & Africa, South America) – Global Forecast (2018 to 2025)”, the global social media security market is estimated to reach USD 2.1 Billion in 2025 at a CAGR of 17.9% during forecast period 2018-2025.
  • Increasing security attacks on social media platforms are expected to boost overall social media. It carries several advantages that include increasing brand awareness and cost-effective which are expected to drive the social media security market during the forecast period.
  • However, increasing malware attacks on social media platforms such as Facebook, Twitter, and even the android market is growing these days is expected to hinder the growth of the market during the forecast period.

Social Media Security Market

Global Social Media Security Market: Key Market Dynamics

  • Stringent government rule and regulations are excepted to secure and protect the sensitive data which can drive the social media security market. The digital platform can help to detect fake news and cracking cyberattacks on the social media platform which is expected to surge the social media security market during the forecast period.
  • Lack of awareness in many underdeveloped countries about the advantages and implementation of social media platforms is projected to hinder the growth of social media security.
  • Increasing security attacks on social media platforms security are enhancing and monitoring the behavior of the users is expected to surge the social media security market during the forecast period.
  • Increasing malware and scam attacks on social networks such as Facebook, Twitter, and even the android market is growing these days can impact the growth of the market during the forecast period.

 Global Social Media Security Market: Regional Overview

  • Asia-Pacific

The social media security market is anticipated to grow significantly in the Asia-pacific region. Australia passed the Sharing of Abhorrent Violent Material (Criminal Code Amendment) Act on 5 April 2019 which introduced criminal penalties for social media companies. In China, sites such as Google, Twitter, and WhatsApp are blocked. Chinese are using Weibo, Baidu and WeChat applications instead of other global application.

  • Europe

April 2016, European Union introduced the General Data Protection Regulation (GDPR) which set a rule on companies, social media, and store which has been replaced by the Data Protection Directive 95/46/ec in 2018 on protecting EU citizen’s personal data. Also, Germany Network Enforcement Act (NetzDG) law comes in 2018 applied to companies, which were forced to set a method to review complaints about the content and removed any that is illegal in 24 hours. Russia has also considered the laws similar to Germany to find out the problematic materials within 24 hours and to impose fines to the companies which failed to do so.

Global Social Media Security Market: Key Players Overview

  • Sophos Ltd.:

Sophos Limited provides information technology security and data protection. Sophos Group plc is a British security software and hardware company. The product of the company allows securing your network. Cloud-native and Artificial intelligence enhanced solution are adapting and evolving to secure and endpoint protection against cybercrime.

  • Trend Micro Incorporated.:

Trend Micro Incorporated. is a multinational cybersecurity and defense company. Trend Micro Incorporated is a leader in endpoint security, cloud security, and server security. In 2019, trend Micro has been ranked number 1 in the hybrid cloud workload security market. This company is a global leader in cybersecurity solution and help to make secure while exchanging the digital information.

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Rep Id : ICT 037

Published : 2020-01-29