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Press Release

Cyber Security Market Expected to Reach $155.74 Billion by 2019 - Report by MarketsandMarkets

Feb 17, 2015 - (iNewswire)

The report “Cyber Security Market (IAM, Encryption, DLP, Risk and Compliance Management, IDS/IPS, UTM, Firewall, Antivirus/Antimalware, SVM/SIEM, Disaster Recovery, DDoS Mitigation, Web Filtering, Security Services) - Global Advancements, Forecasts & Analysis (2014-2019)”, defines and segments the global cyber security market into various sub-segments with in-depth analysis and forecast of revenues. It also identifies drivers and restraints for this market with insights into trends, opportunities, and challenges.

Browse 81 market data Tables and 10 figures spread through 229 Pages and in-depth TOC on “Cyber Security Market - Global Advancements, Forecasts & Analysis (2014-2019)”.
Early buyers will receive 10% customization on this report.

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http://www.marketsandmarkets.com/pdfdownload.asp?id=505

The major forces driving this market are the rapid adoption of cloud-based services, wireless communication along with strict government mandates and increasing cyber crimes in public utilities industries. Hence, the ratification for cyber security solutions is increasing to combat the advanced and sophisticated threats created by professional adversaries. Also, cloud service providers and verticals such as energy, oil and gas, and education are expected to adopt solutions for cyber security more readily because of growing cyber crimes which may cause the loss of intellectual and financial assets and may tarnish the national infrastructure and economy.

MarketsandMarkets has segmented the cyber security market by types: network security, endpoint security, application security, content security, wireless security, and cloud security; by solutions: identity and access management, risk and compliance management, encryption, data loss protection, unified threat management, firewall, antivirus and anti-malware, IDS/IPS, SIEM, disaster recovery, DDoS mitigation, white listing, and others; by services: consulting, design and integration, risk and threat assessment, managed security services, and training and education; by verticals: aerospace, defense and intelligence, government (excluding defense) and public utilities, BFSI, telecommunication, healthcare, IT consulting, retail, manufacturing, and others; and by regions: North America (NA), Asia Pacific (APAC), Europe (EU), Middle East and Africa (MEA), and Latin America (LA). The report also provides insights into the opportunity analysis of specific end users and business case analysis and roadmaps for the cyber security market.

Solution providers such as Cisco, CSC, IBM, Booz Allen Hamilton, Lockheed Martin, Northrop Grumman, Symantec, Sophos, McAfee, Trend Micro and many others are expected to provide innovative cyber solutions at competitive prices by unifying the portfolios against bundled attacks.

The cyber security market is estimated to grow from $95.60 billion in 2014 to $155.74 billion by 2019, at a Compound Annual Growth Rate (CAGR) of 10.3% from 2014 to 2019. In the current scenario, aerospace, defense, and intelligence vertical continues to be the largest contributor to cyber security solutions. In terms of regions, NA is expected to be the biggest market in terms of revenue contribution, while the APAC and MEA regions are expected to experience increased market traction in due course.

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About MarketsandMarkets

MarketsandMarkets is world’s No. 2 firm in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.

M&M’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.

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Original Source: http://www.i-newswire.com/press-release/cyber-security-market-expected-to-reach-155-74-billion-by-2019

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