Security Roundup: Side-Channel Attacks, Trend Micro, Extreme Networks
… nearly $260 billion by 2025, generating a compound annual growth rate of nearly 12 percent.
That’s according to a new report by Allied Market Research. The market totaled $104.6 billion in 2017.
The surge of IoT and BYOD, increasing threats of malware and phishing among enterprises, and increase in demand for cloud-based cybersecurity solutions will facilitate market growth. On the other hand, complexities related to security of devices and budgetary constraints hinder the growth of the market; however, the increase in requirements for strong authentication methods and transformation in antivirus create new growth opportunities, according to the report.
Based on component, the solutions segment accounted for more than two-thirds of total market share, and is expected to continue to dominate in terms of revenue by 2025. This is attributed to the surge in requirements for monitoring external and in-house threats in large, small and medium enterprises. On the other hand, the services segment is expected to grow at the fastest CAGR through 2025. This is due to the rise in adoption of digital technologies across the different industries and need for data privacy and protection.
By deployment type, cloud security is expected to grow the fastest due to demand for cloud-based cybersecurity solutions along with low maintenance and capital costs.
North America is expected to maintain its lead in terms of revenue through 2025, but Asia-Pacific is expected to register the fastest growth rate.
Extreme Networks Unleashes IoT Security
Extreme Networks this week unveiled its ExtremeAI Security application, which uses artificial intelligence (AI) and machine learning to identify and remediate advanced threats against IoT devices.
ExtremeAI Security delivers visibility and detection of malicious traffic, and real-time monitoring of IoT devices for behavioral anomalies so attackers have nowhere to hide. Through fully automated remediation of suspicious devices and traffic, ExtremeAI Security ensures threats are contained without manual intervention, preventing them from moving across the network.
Extreme’s traffic analytics and visibility capabilities are embedded in this new solution. ExtremeAI Security will be generally available in October.
“Security is top of mind for all of our customers,” said Abby Strong, Extreme’s vice president of product marketing. “They have seen the devastating impact of data breaches across industries and understand that they need to change the way they view security infrastructure. The ability to stop cyberattacks from moving across networks is an absolute necessity to prevent the types of data breaches that can dramatically harm a business. Extreme’s advancements in both security and machine learning will bring added peace of mind and a much-needed extra layer of security for our customers.”