Turkey Cyber Security Market to be dominated by Cloud-based Cybersecurity Solutions till 2027
Expansion of internet user
base and the expected roll-out of 5G technology are driving the demand of
Turkey cyber security market in the forecast period, 2023-2027.
According to TechSci Research
report, “Turkey Cyber Security
Market By Region, Competition Forecast & Opportunities, 2027”, the Turkey cyber security market is
expected to witness significant growth in the forecast period, 2023-2027.
Cybersecurity is the practice of protecting programs, systems, and networks
from digital attacks. The development of the telecommunication industry, the
rise in the adoption of cloud computing solutions, and growing awareness about
the importance of cybersecurity solutions are the primary factors driving the
demand for Turkey cybersecurity market over the next five years.
However, budget constraints
of small enterprises, design, difficulty in deploying advanced cybersecurity
solutions, and lack of skilled professionals may restrain the Turkey cyber
security market growth in the forecast period.
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data Figures spread through 70 Pages and an in-depth TOC on "Turkey Cyber Security Market"
Turkey cyber security market is
segmented into security type, solutions type, deployment mode, end use
industry, regional distribution, and competitive landscape.
Based on security type, the
market is divided into network security, endpoint security, application
security, cloud security, content security, and others. The endpoint security
is expected to account for a significant market share in the forecast period.
Adoption of endpoint security software, hardware, and access management tools
in a number of end-user industries, such as the IT and financial industries, is
driving the segment demand.
Based on solutions type, the
market is divided into firewall, antivirus & antimalware, data loss
prevention, risk & compliance management, identity & access management,
intrusion detection/prevention system, email filtering, secure web gateways,
encryption & decryption, and others. Firewall solutions dominate the market
and are expected to maintain their dominance throughout the forecast period.
They provide protection from cyber-attacks by creating a shield in the device
or network. The launch of advanced firewall systems and the rise in awareness
about the importance of these solutions are further expected to influence the
segment demand.
Based on deployment mode, the
market is bifurcated into on-premises v/s cloud. The cloud segment is
anticipated to capture the highest market share in the forecast period.
Cloud-based cybersecurity solutions are gaining popularity due to their
flexible and strong infrastructure. It increases the computing power of the system
as it provides remote server access to the end-users and simplifies and
increases the system's data storage capacity. Cloud-based solutions eliminate
the need to invest in infrastructure and provide authentication facilities to
the end-users, increasing the security of the system.
Based on end use industry,
the market is divided into BFSI, IT & Telecom, defense, healthcare, energy
& power, retail & e-commerce, and others. The BFSI industry is expected
to capture the highest market share in the forecast period. Increased demand
for advanced security and digital privacy systems across banking, financial,
and insurance sectors. Also, the launch of cloud application security solutions
helps the BFSI institutions to secure sensitive information and provide real-time
intelligence solutions.
Major market players
operating in the Turkey cyber security market are:
·
Swordsec
·
IBM
Corporation
·
Cisco
·
Check
Point
·
Fireeye
·
Trend
Micro
·
NortonLifeLock
·
Micro
Focus
·
Microsoft
·
Amazon
Web Services
·
Oracle
·
Fortinet
·
Accenture
·
Palo
Alto Networks
·
Wipro
Limited
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“Tech-savvy and youth
population have started preferring e-commerce channels to buy commodities for
their daily use. Trendyol.com, Hepsiburada.com, akakce.com, and n11.com are
some of the best online shopping websites in Turkey, which witness huge traffic
every day. Customers enter their name, address, phone number, card, and net
banking details and use online payment gateways; therefore, they are prone to
cyber-attacks and threats. Market players are expected to invest a significant
amount to purchase novel cybersecurity solutions to enhance customers' shopping
experience. The rise in the number of online market players and the
availability of advanced and cost-effective solutions are expected to propel
the growth of Turkey cyber security market till 2027” said Mr. Karan Chechi,
Research Director with TechSci Research, a research based global management
consulting firm.
“Turkey Cyber Security
Market By Security Type (Network Security, Endpoint Security, Application
Security, Cloud Security, Content Security, Others), By Solutions Type
(Firewall, Antivirus & Antimalware, Data Loss Prevention, Risk &
Compliance Management, Identity & Access Management, Intrusion
Detection/Prevention System, Email Filtering, Secure Web Gateways, Encryption
& Decryption, Others), By Deployment Mode (On-Premises v/s Cloud), By End
Use Industry (BFSI, IT & Telecom, Defense, Healthcare, Energy & Power,
Retail & E-Commerce, and Others), By Region, Competition Forecast &
Opportunities, 2027”, has evaluated the future
growth potential of Turkey cyber security market and provides statistics &
information on market size, structure and future market growth. The report
intends to provide cutting-edge market intelligence and help decision makers
take sound investment decisions. Besides, the report also identifies and
analyzes the emerging trends along with essential drivers, challenges, and
opportunities in Turkey cyber security market.
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