As the number of internet users across various verticals has been growing constantly, the demand for Anti-Virus (AV) solutions to avoid data breaches is also increasing. Not only has the number of cyber threats increased but so has the complexity and modes of attacks. So it could be confidently stated that any device connected to the internet is not completely safe from malware attacks. Experts believe that enterprise security spending is on pace and will continue to grow. According to the market pundits, the Global Antivirus Software Package market will grow at a CAGR of 10.88 per cent over a period of five years, i.e. from 2013 to 2018. In India, the government has launched free anti-virus for PCs and mobile phones and has also approved Rs.900 crore for NCCC to keep an eye on the cyber attacks on the Indian internet domain. The IT Ministry, along with Cert-In, has set up a National Cyber Coordination Centre (NCCC).
Key Takeaways: According to Gartner, the security spending is expected to grow over 10 per cent CAGR to reach $1.67 billion by 2020. Many organizations have started to invest not only in security solutions but also in the workforce handling the solutions to counter security breaches. The enterprise segment per se is going to make significant contributions this year in not only anti-virus solutions but complete security solutions.
Key Vendors: Norton, McAfee, Kaspersky, Quick Heal, Symantec and others including Sophos, Trend Micro, eScan, ESET, K7 Computing.
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