(MENAFN - Introspective Market Research) Increasing cyber threat and the data theft from the increasing usage of social media platforms is a major driver for the Social Media Security market.
According to the current analysis of Introspective Market Research, the global Social Media Security market was valued at USD 844.36 Billion in 2019 and is expected to reach USD 2304.32 Billion by the year 2026, at a CAGR of 15.76%.
Social Media Security is required for the platforms like Instagram, LinkedIn, twitter and many more. The social media market and market trend is expected to be driven by the risk that social media runs due to the large database collected on the internet by the servers. As the risk of growing number of cyber-crimes, internet security risk and data cloning threat the social media security market is on the rise and is expected to increase exponentially in the forecast period due to the data now being more digitalized across the globe.
According to the analyst, the emergence of the social media has security created new growth opportunities to create social media content, sharing and the consumption of the data. With the increase in consumption, there has been an increase in the data theft, cyber-crime which has drastically increased the growth of the market. By the end of 2021, it is estimated that the social media security market size will be USD 1117.45 billion across the globe. Social media is a part of intrinsic daily lives system of the people and social media security is a must as it is the part of information security which deals with planning and implementing security measures from the data theft, cyber-crime and business threats.
The Global Social Media Security market is segmented by Solution (Monitoring, Threat Intelligence, and Risk Management), By Service Type (Professional and Managed), by Security (Web Security, Application Security, Endpoint Security, Network Security and Cloud Security), By Component (Solutions & Services), by Organization Size (Large, Small and Medium sized enterprises). The market is further analyzed on the basis of regional analysis and divided into major regions like North-America, Latin America, Asia-Pacific, Europe and MEA. Further Key Findings From The Report Suggest:
- With the emergence of AI in the IT industry and social media, the investment by the industry player is increasing the growth of the market.
- The penetration of the social media and the high usage of internet data is the major factor for the increasing market size of social media security.
- This data exchange between organizations or different parties, increases the risk of cybercrime activities which causes a lot of breaches to occur in the upcoming years which would also hype the social media security market.
- The United States and India are the major hub for the social media influence due to the younger generation's more diversity and interest in the social media activities.
Key Participants include 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 and many others. For this report, Introspective Market Research have segmented the Global Social Media Security markets market on the basis of Region:
Regional Outlook (Revenue in USD Billion; Volume in Units, 2019-2025)
- North America
- Asia Pacific
- Middle East & Africa
- Latin America
- Rest of LATAM
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