The Social Media Security market is expected to grow from USD 846.6 million in 2019 to USD 2101.3 million by 2027, at a CAGR of 12.03% during the forecast period.
The major contributing factor for the growth of social media security market are increasing security breaches, including cyber terrorism, fraud, identity theft, hacking and money laundering.
The increasing demand for safe social media browsing, increasing digitalization, internet and smartphone usage, increasing use of social media networks, strict government data protection requirements, high use of social media resulting in large amounts of data generation, increasing security breaches, such as cyber terrorism, fraud, money laundering, identity theft, hacking, BYOD service adoption has led to massive growth in the social media security market.
Some major limiting factors for the social media security market may be the lack of social media security standards across regions and difficulty in selecting the right social media security vendor for unique requirements.
Key Topics Covered:
Chapter 1. Market Synopsis
1.1. Market Definition
1.2. Research Scope & Premise
1.4. Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2018 – 2026
Chapter 3. Indicative Metrics
3.1. Macro Indicators
3.1.1. Global adoption of advanced technologies in organizations
3.1.2. Contribution of different sectors to social media
3.1.3. Increasing demand for IoT, BYOD, EFSS services and big data across different sectors
Chapter 4. Social Media Security Market Segmentation & Impact Analysis
4.1. Social Media Security Market Segmentation Analysis
4.2. Industrial Outlook
4.3. Regulatory Framework
4.4. Social Media Security Market Impact Analysis
4.4.1. Market driver analysis
126.96.36.199. Increasing need for secured social media surfing
188.8.131.52. Increasing digitalization, internet, and mobile usage
184.108.40.206. Increase in the use of social media platforms
220.127.116.11. Strict government norms regarding security of data
18.104.22.168. Increasing security breaches, such as cyber terrorism, fraud, money laundering, identity theft, hacking
22.214.171.124. Growth of e-commerce, which the industries use to connect with their customers, leaving these customers into risks of data theft
4.4.2. Market restraint analysis
126.96.36.199. Lack of social media security norms across countries
4.5. Key opportunities prioritized
Chapter 5. Social Media Security Market by Security types (Insights & Trends)