Cybersecurity Software in IT and Telecom
The IT and telecom industry deals with the transfer and manipulation of huge amounts of data and information, and it is considered a subset of ICT. IT and telecom sectors are rapidly growing in the emerging economies of APAC and MEA. This has expanded the networks and increased network complexities. The companies often overlook the information security concerns due to an increased focus on market share and cost reduction. This has resulted in increased attacks on the critical infrastructure used by the industry and also affected the financials of IT and telecom companies. The rising IoT connectivity and increasing use of ICT technologies such as Wi-Fi, ZigBee, and RFID have led to an increase in resulting security-related risks in the IT and telecom industry vertical. This has forced these industries to focus more on their security activities. Telecom organizations typically store personal data such as name, address, and financial data of customers, and this sensitive data is an attractive target for cybercriminals. To ensure the safety of IT critical infrastructure and technological innovation, telecom organizations and IT service providers are boosting up the security budgets significantly, aligning business strategy with advanced security plans, and creating cyber awareness programs for employees and customers. In addition, various programs such as Global Information Society Project Program on Telecommunication Policy, and strict telecom and regulatory policies have been introduced to regulate telecom and IT cyber threats. With the advancement in IoT technology, network connectivity and its complexity have increased, and this will act as a driver for the growth of the cybersecurity market in the IT and telecom industry vertical.
COMPETITIVE LEADERSHIP MAPPING TERMINOLOGY
22 companies offering Cybersecurity Software in IT and Telecom were analyzed, shortlisted and categorized on a quadrant under Visionary Leaders, Innovators, Dynamic Differentiators, and Emerging Companies.
IBM, Cisco, HPE, McAfee, Trend Mirco, and Symantec have been identified as visionary leaders as they have established product portfolios and a robust market presence and business strategy.
Check Point Software, Rapid7, Optiv, Logrhythm, FireEye, Fortinet, Palo Alto Networks and Juniper Networks have been identified as innovators as these vendors have a very focused product portfolio. However, they do not have very strong growth strategies for their overall business.
F-Secure, Webroot and Proofpoint have been identified as emerging companies. They do not have very strong business strategies as compared to other established vendors. They might be new entrants and require some more time before gaining significant traction in the market. Trustwave Holdings, Kaspersky Lab, Cyberark, Qualys and Splunk have been recognized as dynamic differentiators.
Vendor evaluations are based on two broad categories: product offering and business strategy. Each category carries various criteria, based on which vendors have been evaluated. The evaluation criteria considered under product offerings include breadth of offering, delivery, features/functionality, product quality and reliability, and product differentiation. The evaluation criteria considered under business strategy include geographic footprint (on the basis of geographic presence), channel strategy and fit, vision alignment, and effectiveness of growth (on the basis of innovations, partnerships, collaborations, and acquisitions).
Visionary Leaders generally receive high scores for most evaluation criteria. They provide mature and reputable mobile cybersecurity solutions. They also have strong business strategies. IBM, Cisco, HPE, McAfee, Trend Mirco, and Symantec are the leading players in the cybersecurity software market and are recognized as leaders. These vendors are making their presence felt by offering services that are required by most organizations.
Innovators demonstrate substantial product innovation as compared to their competitors. They have a very focused portfolio of cybersecurity software solutions and the potential to build strong business strategies for their business growth to be at par with the leaders. However, they do not have very strong growth strategies for their overall business. Check Point Software, Rapid7, Optiv, Logrhythm, FireEye, Fortinet, Palo Alto Networks and Juniper Networks are recognized as innovators. Innovators have been at the forefront in deploying their services based on the clients’ custom software requirements for the niche market.
Dynamic Differentiators are established vendors with very strong business strategies. However, they are low in the product portfolio. They generally focus on a specific type of technology related to the product. Trustwave Holdings, Kaspersky Lab, Cyberark, Qualys and Splunk are recognized as dynamic differentiators.
EMERGING COMPANIESF-Secure, Webroot and Proofpoint are recognized as emerging players in the cybersecurity software market. The emerging players are specialized in offering highly niche and tailor-made solutions and services to their clients. They do not have very strong business strategies as compared to other established vendors. They might be new entrants in the market and require some more time before gaining significant market traction.
Cybersecurity Software in IT and Telecom Quadrant
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- Breadth and Depth of Product Offerings
- Security Type
- Products/Solutions Offered
- Identity and Access Management (IAM)
- Risk and Compliance Management
- Unified Threat Management (UTM)
- Intrusion Detection System/Intrusion Prevention System (IDS/IPS)
- Security and Vulnerability Management
- Disaster Recovery
- Distributed Denial of Service (DDoS) Mitigation
- Add-on Product/Solutions
- Product Features and Functionality
- Professional Services
- Managed Services
- Professional Services
- Support and Maintenance
- Training and Education
- Risk & Threat Assessment
- End Users
- System Administrator
- Others, Please Specify
- Deployment Model
- Delivery Mode for Client Location
- Full Time Equivalent
- Subscription / Licensing
- Channel of Delivery
- Support and Services
- Level of Support
- Customer Redressal Mechanism/Program
- Pre Sales Support
- Software Requirement Specification (SRS)
- Product Demos
- Proof of Concept
- Dedicated Account Manager (DAM)
- Channel for Delivery of Support Services
- On-Site Support
- Remote Support