The major contributing factor for the growth of the market for Social Media Security can be increasing security breaches, such as cyber terrorism, fraud, money laundering, identity theft, hacking. For more secured social media surfing, it is necessary to use appropriate security solutions.

The Social Media Security market is expected to grow from USD 946.4 Million in 2020 to USD 946.4 Million by 2028, at a CAGR of 12.03% during the forecast period. Increasing need for secured social media surfing, increasing digitalization, internet and mobile usage, increase in use of social media platforms, strict government norms regarding security of data, high usage of social media resulting in large volume of data generation, increasing security breaches, such as cyber terrorism, fraud, money laundering, identity theft, hacking, adoption of BYOD services and growth of e-commerce, which the industries use to connect with their customers, leaving these customers into risks of data theft are some of the driving factors of the market.

Lack of social media security norms across countries and difficulty in selecting the right social media security vendor for particular requirements may be some major restraining factors for the social media security market.

Key players within Social Media Security market are Sophos (UK), Trend Micro (Japan), Symantec (US), Micro Focus (UK), CA Technologies (US), ZeroFOX (US), RiskIQ (US), SolarWinds (US), Digital Shadows (US), Proofpoint (US), LookingGlass Cyber Solutions (US), KnowBe4 (US), Hootsuite (Canada), Centrify (US), Social Hub (Europe), Brandle (US), DigitalStakeout (US), Bowline Security (US), Social Sentinel (US), SecureMySocial (US), Hueya (US), CSC (US), CoNetrix (US), Crisp Thinking (UK), and CrowdControlHQ (UK).

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Market Overview:

The research report assesses the market dynamics, market landscape, company profiles, production and manufacturing capacity, year-on-year growth rate, SWOT analysis, and Porter’s Five Forces analysis. The report estimates the market size, market growth, and provides an accurate forecast for the key segments of the market for the forecast period of 2020-2028. The report also covers an in-depth analysis of the key competitors of the market, along with their growth strategies and business expansion plans.

The Social Media Security Market has been segmented into key regions of the world and offers an analysis of growth rate, market share, market size, current and emerging trends, production and consumption ratio, industrial chain analysis, demand and supply, import and export, revenue contribution, and presence of key players in each region. A country-wise analysis of the market is offered in the report to gain a better understanding of the regional spread and progress of the Social Media Security Market.

Further key findings from the report suggest

• The Social Media Security market is segmented by security types into web security, application security, endpoint security, network security, and cloud security. The network and cloud security types are expected to witness the highest growth of a CAGR of 12.4% during the forecast period, due to excessive use of cloud, mobiles, tablets globally, which makes these segments more prone to cyber-attacks and network hacking.
• The Social Media Security Market is segmented by component into solutions and services. The solutions segment is expected to grow with the highest CAGR of 12.7% during the forecast period, due to the growth of threat intelligence simulation needed for industries to secure the social media data and networks against security breaches.
• The Social Media Security market is segmented by organization size into large and small medium-sized enterprises. Small and medium-sized mostly adopt social media security solutions, since SMEs are more prone to cyber-attacks.
• The Social Media Security Market is segmented by industry vertical into banking, financial services insurance, healthcare, legal education, retail, media entertainment, and others, government and defense, travel and hospitality, manufacturing, telecom and IT, education and others (automotive, and energy and utilities). Manufacturing segment is speculated to witness the highest growth of a CAGR of 13.1% during the forecast period since they use social media as a marketing and promotion platform.
• The Social Media Security Market is segmented geographically into North, America, Europe, Asia Pacific and Rest of the World. North America, being a developed and economically strong region, dominates the market with a market share of approx. USD 284.5 million in the base year, for securing their confidential data on social media platforms.

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For this report, the market has been divided into segments on the basis of security types, component, organization size, industry vertical and regional analysis.

Security types type Outlook (Revenue, USD Million; 2018–2028)

• Web security
• Application security
• Endpoint security
• Network security
• Cloud security

Component Outlook (Revenue, USD Million; 2018–2028)

• Solution

•  
• Monitoring
• Threat intelligence simulation
• Risk management

Services

• Professional Services
• Managed Services
  

Organization size (Revenue, USD Million; 2018–2028)

• Large Enterprises
• Small and Medium-Sized Enterprises
  

Industry vertical Outlook (Revenue, USD; 2019-2027)

• Banking, Financial Services, and Insurance (BFSI)
• Government and defense
• Healthcare and life sciences
• Retail
• Travel and hospitality
• Manufacturing
• Telecom and IT
• Media and entertainment
• Education
• Others (automotive, and energy and utilities)

Regional Outlook (Revenue, USD Million; 2018–2028)

• North America
• US
• Europe
• Germany
• France
• UK
• Asia Pacific
• China
• Japan
• India
• Middle East Africa
• Latin America
• Brazil

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Key Advantages of Social Media Security Market Report:

• Identification and analysis of the market size and competition
• Qualitative and quantitative analysis of the market data
• Data validated by industry experts after extensive primary and secondary research
• Extensive regional analysis of the Social Media Security industry
• Profiling of key players along with their business overview, business strategies, deals and partnerships, and product portfolio
• SWOT and Porter’s Five Forces Analysis for in-depth understanding of the competitive landscape
• Feasibility analysis and investment analysis to enable strategic investment decisions
• Analysis of opportunities, drivers, restraints, challenges, risks, and limitations

Conclusively, all aspects of the Social Media Security Market are quantitatively as well qualitatively assessed to study the global as well as regional market comparatively. This market study presents critical information and factual data about the market providing an overall statistical study of this market on the basis of market drivers, limitations and its future prospects.

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