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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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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