The global cyber security market size is expected to reach USD 311.73 Billion at a steady CAGR of 7.6% in 2028, according to latest analysis by Emergen Research. Steady cyber security market revenue growth is due to increase in the number of data breaches and increasing deployment to the cloud, driven by the digitization shift across various industries, sectors, and verticals.In March 2020, Sina Weibo, which is a Chinese version to Twitter, was hacked and site usernames, real name, location, and gender of 172 million users, including phone numbers, were posted on the dark web market.
Growing popularity of digitalization has prompted various organizations to rely on digitalized information. Sharing of such information externally or internally has made organizations vulnerable to cybercrime through different mediums. A successful online attack can harm the reputation of an enterprise as well as impact brand value. This can also result in loss of competitive advantage and impact companies financially. As a result of crucial need to protect data and information of organizations from possible breach, deployment of cyber security solutions and technologies is imperative, and this is expected to continue to drive market growth going ahead.
Key players in the market include IBM Corporation, Cisco Systems, Juniper Networks, CyberArk, Forcepoint, McAfee, Microsoft, F5 Networks, Oracle, and Fortinet.
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Furthermore, the report provides a comprehensive overview of the Cyber Security market along with product portfolio and market performance. The report offers key insights into market share, supply chain analysis, demand and supply ratio, import/export details, and product and consumption patterns. To gain a better understanding, the report is further segmented into sections such as product types offered by the market, application spectrum, companies, and key geographical regions where the market has established its presence.
The report is updated with the latest economic scenario and market scope with regard to the ongoing COVID-19 pandemic. The report covers growth prospects as well as current and futuristic revenue estimations in a post COVID scenario. The report also covers changing trends and market dynamics due to the pandemic and provides an accurate impact analysis of the crisis on the overall market.
Emergen Research has segmented the global cyber security market on the basis of component, solution, services, security type, deployment, organization size, end-use, and region:
- Component Outlook (Revenue, USD Billion; 2018–2028)
- Hardware
- Software
- Solution Outlook (Revenue, USD Billion; 2018–2028)
- Threat Intelligence
- Identity and Access Management
- Security and Vulnerability Management
- Risk and Compliance Management
- Others (Others include threat intelligence platforms, SIEM, and incident forensics)
- Encryption
- Data Loss Prevention
- Network DLP
- Storage/ Data Center DLP
- Endpoint DLP
- Unified Threat Management
- Firewall
- Antivirus/ Antimalware
- Intrusion Detection Systems/ Intrusion Prevention Systems
- Network-based
- Host-based
- Wireless
- Disaster Recovery
- Distributed Denial of Service
- Web Filtering
- Others (Other solutions include application whitelisting and patch management)
- Threat Intelligence
- Services Outlook (Revenue, USD Billion; 2018–2028)
- Professional Services
- Design and Integration
- Risk and Threat Assessment
- Consulting
- Training and Education
- Support and Maintenance
- Managed Security Services
- Professional Services
- Security Type Outlook (Revenue, USD Billion; 2018–2028)
- Application Security
- Network Security
- Cloud Security
- Endpoint Security
- Others
- Deployment Outlook (Revenue, USD Billion; 2018–2028)
- Cloud
- On-Premises
- Organization Size Outlook (Revenue, USD Billion; 2018–2028)
- Small and Medium Enterprises
- Large Enterprises
- End-use Outlook (Revenue, USD Billion; 2018–2028)
- Government and Defense
- Healthcare
- BFSI
- Energy and Utilities
- Manufacturing
- IT and Telecom
- Retail
- Others
Key Questions Answered in the Report:
What is the growth rate of the Cyber Security market? What is the anticipated market valuation of Cyber Security industry by 2027?
What are the key growth driving and restraining factors of the Cyber Security market?
Who are the prominent players operating in the market? What are the key strategies adopted by these companies?
What are the key opportunities and growth prospects of the Cyber Security industry over the forecast period?
Which region is expected to show significant growth in the coming years?
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Unfolding the prime factors prompting global Cyber Security market growth:
The study offers an in-depth analysis of the product outlook, which depicts the latest production growth trends and profit valuation. It further fragments the global Cyber Security market into a broad product spectrum.
The study covers essential data related to these products’ application landscape, the demand for and market share held by each application type, and their growth rate analysis over the estimated period.
A detailed description of the distribution channels, including distributors, producers, and buyers, is one of the report’s key market highlights.
Global Cyber Security Market Geographical Landscape – Synopsis:
The report closely studies the growth trajectory of the global Cyber Security market. It brings to light the global dominance of the leading regional segments, including North America, Asia Pacific, Europe, Latin America, and the Middle East & Africa.
The study elaborates on the crucial information pertaining to the regional market share. It simultaneously focuses on the significant details about the growth patterns of each regional market.
Moreover, the report encases an exhaustive geographical study of the market, emphasizing the business growth prospects and market barriers for each of the key market regions.
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Table of Content
Chapter 1. Cyber Security Market Methodology & Sources
1.1. Cyber Security Market Definition
1.2. Cyber Security Market Research Scope
1.3. Methodology
1.4. Research Sources
1.4.1. Primary
1.4.2. Secondary
1.4.3. Paid Sources
1.5. Cyber Security Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2018-2028
Chapter 3. Key Insights
Chapter 4. Cyber Security Market Segmentation & Impact Analysis
4.1. Cyber Security Market Material Segmentation Analysis
4.2. Industrial Outlook
4.2.1. Cyber Security Market indicators analysis
4.2.2. Cyber Security Market drivers analysis
4.2.2.1. Increasing energy consumption and prices
4.2.2.2. Rising government policies regarding energy efficiency
4.2.2.3. Increasing smart grid services
4.2.3. Cyber Security Market restraints analysis
4.2.3.1. Highly competitive with presences of local & global players
4.2.3.2. Present challenging economic conditions due to the pandemic
4.3. Technological Insights
4.4. Regulatory Framework
4.5. Porter’s Five Forces Analysis
4.6. Competitive Metric Space Analysis
4.7. Price trend Analysis
4.8. Covid-19 Impact Analysis
Chapter 5. Cyber Security Market By Form Factor Insights & Trends, Revenue (USD Billion)
Chapter 6. Cyber Security Market By Input type Insights & Trends Revenue (USD Billion)
Chapter 7. Cyber Security Market By Application Insights & Trends, Revenue (USD Billion)
Chapter 8. Cyber Security Market By End-use Insights & Trends, Revenue (USD Billion)
Chapter 9. Cyber Security Market Regional Outlook
Continued…
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At Emergen Research, we believe in advancing with technology. We are a growing market research and strategy consulting company with an exhaustive knowledge base of cutting-edge and potentially market-disrupting technologies that are predicted to become more prevalent in the coming decade.
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