Global Cyber Security Market was around US$ 102.72 Bn in 2019 and is expected to grow at a CAGR of around XX % in the forecast period of 2019-2027.
The report includes the analysis of impact of COVID-19 lock-down on the revenue of market leaders, followers, and disrupters. Since lock down was implemented differently in different regions and countries, impact of same is also different by regions and segments. The report has covered the current short term and long term impact on the market, same will help decision makers to prepare the outline for short term and long term strategies for companies by region.
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The cyber security market is segmented by component, organization size, deployment mode, security type, industry, and region. In terms of component, the cyber security market is categorized into solution, services, professional, and managed. Based on organization size, the cyber security market is classified into large enterprise, and SMEs. On the basis of deployment mode, the cyber security market is segmented into cloud, and on-premises.
In terms of security type, the cyber security market is segregated into application security, wireless security, endpoint security, network security, cloud security, and others. Based on industry, the cyber security market is categorized into banking, financial services, and insurance, government, aerospace &defense, IT and telecom, manufacturing, healthcare, energy & utilities, retail, and others. Region wise into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America.
Improved security along with enhanced defense& speed are some of the major drivers for the cyber security market. In addition to this, it is the protection of confidential company data as well as providing protection against virus, malware. That forms some other key factors to have driven the cyber security market.
Protecting individual private information along with networks and resources are some other key factors driving the cyber security market. In addition, the cyber security also help to fight against computer hackers and identity theft as well. A strong cyber security layer in a business environment is aimed to detect, prevent, and react to the network attack or cyber-attack at the time of intrusion. A scalable and flexible strategy while taking advantage of the requisite solution prepares an organization to combat sudden challenges to their security infrastructure.
Global Cyber Security Market Segment Analysis:
In terms of deployment mode, the demand for cloud-based cyber security solutions is increasing due to cost-effectiveness and time-efficient features of cloud. The growth of cyber security is specifically high in enterprises, where the low-cost solutions are much required.
Based on industry, the healthcare industry vertical is anticipated to grow at the highest CAGR of xx% in the forecast period, as the medical data and digital medical devices used in cyber security industry vertical are prone to advanced threats. The government institutions across the world are expected to contribute major amount of market share by 2027, thanks to increased adoption of cyber security solutions in government institutions. The report has special focus on government market and analysis on the basis of penetration IT security firms in the sector. The report also cover sales cycles of the governments by different regions.
The Banking, Financial Services, and Insurance, Information Technology, and telecom
Global Cyber Security Market, Key Highlights:
• Global Cyber Security Market analysis and forecast, in terms of value.
• Comprehensive study and analysis of market drivers, restraints and opportunities influencing the growth of the Global Cyber Security Market
• Global Cyber Security Market segmentation on the basis of type, source, end-user, and region (country-wise) has been provided.
• Global Cyber Security Market strategic analysis with respect to individual growth trends, future prospects along with the contribution of various sub-market stakeholders have been considered under the scope of study.
• Global Cyber Security Market analysis and forecast for five major regions namely North America, Europe, Asia Pacific, the Middle East & Africa (MEA) and Latin America along with country-wise segmentation.
• Profiles of key industry players, their strategic perspective, market positioning and analysis of core competencies are further profiled.
• Competitive developments, investments, strategic expansion and competitive landscape of the key players operating in the Global Cyber Security Market are also profiled.
Scope of Global Cyber Security Market:- Inquire before buying
Global Cyber security Market, by Component:
Global Cyber security Market, by Organization Type:
• Large Enterprise
Global Cyber security Market, by Deployment Mode
Global Cyber security Market, by Security Type
• Application Security
• Wireless Security
• Endpoint Security
• Network Security
• Cloud Security
Global Cyber security Market, by Industry
• Banking, Financial Services, and Insurance
• Aerospace & Defense
• IT and Telecom
• Energy & Utilities
Global Cyber security Market, by Geography
• North America
• Middle East & Africa
• Latin America
Global Cyber security Market Key Players
• Check Point Software Technologies Ltd.
• Cisco Systems, Inc.
• CyberArk Software Ltd.
• Qualys, Inc.
• Palo Alto Networks, Inc.
• LogRhythm, Inc.
• IBM Corporation
• Hewlett Packard Enterprise
• Kaspersky Lab
• Symantec Corporation
• Optiv Security Inc.
• Webroot, Inc.
• Fortinet, Inc.
• Imperva, Inc.
• McAfee LLC
• Trend Micro, Inc.
• Trustwave Holdings, Inc.
• FireEye, Inc.
• Sophos Ltd.
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