15 Dec 2021

Turkey's Security Solutions Market Poised to Reach $355 Million in 2025

Istanbul – Turkey's security solutions market is forecast to grow steadily over the coming years, increasing from $247.43 million in 2020 to $344.89 million in 2025. That's according to the latest research conducted by International Data Corporation (IDC) as part of its recently released 'Turkey Security Solutions 2021–2025 Forecast and 2020 Market Analysis' report.

The security software segment continued to grow at a healthy rate of 6.4% year on year in 2020 to reach $106.97 million, accounting for the largest share of the overall security solutions market's value at 43.2%. The second-largest segment in 2020 was IT security services, with a market value of $73.19 million for 29.6% share. The security appliance segment rounded out the top three with a value share of 27.2%.

In terms of vendor performance, Fortinet enjoyed strong year-on-year growth to maintain its lead of Turkey's security solutions market in 2020 with 14.9% share of overall software and appliance revenue. In the systems integrator space, Turk Telekom managed to reach top spot for the first time after recording $12.74 million in security services revenues for the year.

"The massive shift to remote working brought about by the COVID-19 pandemic has put IT security under tremendous pressure," says Yesim Arac Ozturk, a research manager for IT security at IDC. "After enabling remote working, organizations prioritized the strengthening of their security postures. As a result, organizations across Turkey plan to strengthen their IT infrastructure security, augment data privacy and data security, and enhance security in their applications development environments."

IDC's report highlights that CISOs in Turkey are having to deal with increased infrastructure complexity, sophisticated cyberattacks, hybrid IT environments, a lack of visibility across applications, devices, and users, the use of multiple management dashboards, and an ever-increasing security resources gap.

"Half the respondents to a recent CISO survey conducted by IDC in Turkey said that they are aiming to modernize their IT infrastructure over the next 12 months using a 'zero trust' approach," says Ozturk. "Applications security and cloud security initiatives stand out as the top security technology areas in terms of investment. However, budget constraints and a lack of security talent continue to present challenges to cybersecurity in the country."

For more information, please contact Sheila Manek at smanek@idc.com  or on +971 4 446 3154.

About IDC

International Data Corporation (IDC) is the premier global provider of market intelligence, advisory services, and events for the information technology, telecommunications, and consumer technology markets. With more than 1,200 analysts worldwide, IDC offers global, regional, and local expertise on technology, IT benchmarking and sourcing, and industry opportunities and trends in over 110 countries. IDC's analysis and insight helps IT professionals, business executives, and the investment community to make fact-based technology decisions and to achieve their key business objectives. Founded in 1964, IDC is a wholly owned subsidiary of International Data Group (IDG), the world's leading tech media, data, and marketing services company. To learn more about IDC, please visit www.idc.com. Follow IDC on Twitter at @IDC and LinkedIn. Subscribe to the IDC Blog for industry news and insights.

IDC in the Middle East, Turkey, and Africa

For the Middle East, Turkey, and Africa region, IDC retains a coordinated network of offices in Riyadh, Nairobi, Lagos, Johannesburg, Cairo, and Istanbul, with a regional center in Dubai. Our coverage couples local insight with an international perspective to provide a comprehensive understanding of markets in these dynamic regions. Our market intelligence services are unparalleled in depth, consistency, scope, and accuracy. IDC Middle East, Africa, and Turkey currently fields over 130 analysts, consultants, and conference associates across the region. To learn more about IDC MEA, please visit www.idc.com/mea. You can follow IDC MEA on Twitter at @IDCMEA.

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Contact
For more information, contact:

Yesim Arac Ozturk (yarac)
yarac@idc.com
902123560835