Cloud-based Security Solutions is an Emerging Trend in the Cyber Security Market in South Korea

Reportstack has announced a new market research publication on Cyber Security Market in South Korea which finds cloud-based security solutions is an emerging trend in this market. The analysis is for the forecast period 2014-2018.

As per research analysis, increasing demand for cloud-based security solutions is because of the significant advantages attributed to such solutions. Companies are finding it difficult to manage standalone or integrated network components because of issues such as budget constraints and the lack of resources and expertise available to address security issues. Hence, companies are increasingly opting for cloud-based IT security solutions that are cost-effective, comply with PCI DSS, and offer round-the-clock monitoring of their systems.

 “The Cyber Security market in South Korea valued at US$3.92 billion in 2013 will be growing due to several factors like increasing need to improve quality of protection amidst rising network security threats and compliance with PCI DSS Regulations. Our vendors will be able to quickly adapt to the latest technological challenges will determine the growth of this market in the coming years.”

To determine the scenario for these vendors in the next 3-4 years, the analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentation, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance. 

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