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Cyber Security Market - Global Industry Analysis

Cyber Security Market – By Security Type (Network Security, Cloud Security, Wireless Security, and Others), By Solution (Identity and Access Management (IAM), Encryption, Risk and Compliance Management, Data Loss Prevention, Antivirus And Antimalware, Firewall, And Others), By Vertical (Aerospace, Government, Financial Services, Telecommunication, Healthcare, And Others): Global Industry Perspective, Comprehensive Analysis, Size, Share, Growth, Segment, Trends and Forecast, 2020 – 2026

Published Date: 24-Aug-2016 Category: Technology & Media Report Format : PDF Pages: 110 Report Code: ZMR-104 Status : Published

Global Cyber Security market, which was estimated at 130 (USD Billion) in 2019 and is predicted to accrue earnings worth 191 (USD Billion) by 2026, is set to record a CAGR of nearly 9.5% over 2020-2026.

Description

The global Cyber Security market, which was estimated at 130 (USD Billion) in 2019 and is predicted to accrue earnings worth 191 (USD Billion) by 2026, is set to record a CAGR of nearly 9.5% over 2020-2026. The report offers valuation and analysis of Cyber Security market on a global as well as regional level. The study offers a comprehensive assessment of the industry competition, limitations, sales estimates, avenues, current & emerging trends, and industry-validated market data. The report offers historical data from 2016 to 2019 along with a forecast from 2020 to 2026 based on value (USD Billion).

Introduction

Cyber security helps in offering security to mobile data, laptops, servers, networks, desktop computers, and electronic systems. Moreover, it provides protection to computer hardware & other computer systems and prevents the damage to the electronic data as well as software of the computers. Apart from this, cyber security has become a need of an hour for various IT firms and BFSI sector for strengthening their defense mechanism against ongoing cyber-attacks, cyber terrorism, banking frauds, data breaches, and   occurring on a massive scale across the globe. Cyber security is also utilized by the firms who are into eCommerce & retailing business. Growing cases of hacking and malware will enhance the popularity of Cybersecurity systems in the years ahead.

Global Cyber Security Market

Market Growth Dynamics

Rise in the cybercrime events across the globe is anticipated to create lucrative growth avenues for Cybersecurity industry over the ensuing years. With onset of new disruptive techniques like AI, Blockchain, and Connected Things, the market for Cybersecurity is predicted experience momentous growth over the forecast timeframe. With cloud computing, machine learning, AR, VR, and Data Science rapidly becoming the buzzwords of the new era of technology & electronics, the Cybersecurity market is anticipated to witness an accelerated expansion over the years to come. Surge in the eCommerce transactions and online shopping activities across the globe is likely to assist the market scale up new terrains of growth in the foreseeable future.

Furthermore, growing need for strengthening the security of defense sector as well as reinforcing national security as well as safeguarding the data confidentiality of the country has resulted in huge government investments for developing strong Cybersecurity firewalls. This will drive the market trends. Additionally, growing internet disruptions caused by hostile countries can impact the trading & business activities in a country and can halt the online work for prolonged period. This can create a huge loss in terms of revenue as well as employment opportunities & foreign direct investments. Hence, governments are focusing on building robust Cybersecurity systems in the country for protecting the confidential data of the country. Citing an instance, in September 2018, Facebook accounts of nearly 50 million users was breached resulting in hackers gaining access to the personal data of these users. All these aforementioned aspects has justified the significance of having strong Cybersecurity systems, thereby further expediting the growth of Cybersecurity market over the years ahead.  

North America To Lead Overall Industry Growth During 2020-2026

The expansion of the industry in North America over the forecast timespan is owing to rise in the rate of cybercrimes in various states of the U.S. along with strict laws mandating the public, utility, and private firms to safeguard the personal data of the employees. Countries like Canada have enforced strict Cybersecurity guidelines for improving the data security in the view of safeguarding the national interest. Additionally, huge acceptance of web services and increase in online retail activities as well as flourishing eCommerce business in the countries of North America will propel the market penetration in the sub-continent over the estimated timeline. Rise in digitization witnessed in BFSI, healthcare, and IT sectors in the region and these sectors more prone to cyber-attacks has helped in emergence of new cyber security systems in the region, thereby driving regional market trends.

Report Scope:

Report Attribute Details
Base Year 2020
Historic Years 2016 - 2020
Forecast Years 2021 - 2028
Segments Covered By Product Type, By Application, and By End Use
Forecast Units Value (USD Billion), and Volume (Units)
Quantitative Units Revenue in USD million/billion and CAGR from 2021 to 2028
Regions Covered North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World
Countries Covered U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others
Number of Companies Covered 10 companies with scope for including additional 15 companies upon request
Report Coverage Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis.
Customization Scope Avail customized purchase options to meet your exact research needs.

Key industry players profiled in the study encompass McAfee, Symantec, Booz Allen Hamilton, IBM, Northrop Grumman, and CSC.

The report segments the global cyber security market as:

Cyber Security Market: Security Type Analysis

  • Network Security
  • Cloud Security
  • Wireless Security 
  • Others

Cyber Security Market: Solution Segment Analysis

  • Identity And Access Management (IAM)
  • Encryption 
  • Risk And Compliance Management
  • Data Loss Prevention
  • Antivirus And Antimalware 
  • Firewall And
  • Others 

Cyber Security Market: Vertical Segment Analysis

  • Aerospace 
  • Government
  • Financial Services
  • Telecommunication
  • Healthcare 
  • Others

By Region

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

Table Of Content

  • Chapter 1. Preface
    • 1.1. Report description and scope
    • 1.2. Research scope
    • 1.3. Research methodology
      • 1.3.1. Market research process
      • 1.3.2. Market research methodology
  • Chapter 2. Executive Summary
    • 2.1. Global Cyber Security Market, 2015 - 2021, (USD Billion)
    • 2.2. Cyber Security: Market snapshot
  • Chapter 3. Cyber Security Market: Industry Analysis
    • 3.1. Cyber Security: Market dynamics
    • 3.2. Market Drivers
      • 3.2.1. Increasing stringency of government regulations
      • 3.2.2. Growing cyber threats
      • 3.2.3. Demand for integrated cyber solutions
    • 3.3. Restraints
      • 3.3.1. Lack of effective defense major
      • 3.3.2. Availability of pirated security software
    • 3.4. Opportunity
      • 3.4.1. Demand for cyber security products and services
    • 3.5. Porter’s Five Forces Analysis
    • 3.6. Market Attractiveness Analysis
      • 3.6.1. Market attractiveness analysis by security type segment
      • 3.6.2. Market attractiveness analysis by solution segment
      • 3.6.3. Market attractiveness analysis by vertical segment
      • 3.6.4. Market attractiveness analysis by region segment
  • Chapter 4. Global Cyber Security Market: Competitive Landscape
    • 4.1. Company Market Share Analysis
      • 4.1.1. Global cyber security market: company market share, 2015
    • 4.2. Strategic Development
      • 4.2.1. Acquisitions & Mergers
      • 4.2.2. New Product Launch
      • 4.2.3. Agreements, Partnerships, Collaborations and Joint Ventures
      • 4.2.4. Research and Development, Product and Regional Expansion
    • 4.3. Price Trend Analysis
    • 4.4. Product Portfolio
    • 4.5. Patent Analysis (2011-2016)
      • 4.5.1. Patent Trend
      • 4.5.2. Patent Share by company
      • 4.5.3. By Region
  • Chapter 5. Global Cyber Security Market: Security Type Overview
    • 5.1. Global cyber security market share, by security type, 2015 and 2021
    • 5.2. Global cyber security market for network Security type, 2015 - 2021(USD Billion)
    • 5.3. Global cyber security market for cloud security type, 2015 - 2021 (USD Billion)
    • 5.4. Global cyber security market for wireless security type, 2015 - 2021 (USD Billion)
    • 5.5. Global cyber security market for other type, 2015 - 2021 (USD Billion)
  • Chapter 6. Global cyber security Market: Solution Overview
    • 6.1. Global cyber security market share, by solution, 2015 and 2021
    • 6.2. Global cyber security market for identity And access management (IAM), 2015 - 2021(USD Billion)
    • 6.3. Global cyber security market for encryption, 2015 - 2021 (USD Billion)
    • 6.4. Global cyber security market for risk and compliance management, 2015 - 2021 (USD Billion)
    • 6.5. Global cyber security market for data loss prevention , 2015 - 2021 (USD Billion)
    • 6.6. Global cyber security market for antivirus and antimalware , 2015 - 2021 (USD Billion)
    • 6.7. Global cyber security market for firewall , 2015 - 2021 (USD Billion)
    • 6.8. Global cyber security market for others , 2015 - 2021 (USD Billion)
  • Chapter 7. Global cyber security Market: vertical Overview
    • 7.1. Global cyber security market share for vertical, 2015 and 2021
    • 7.2. Global cyber security market for aerospace, 2015 - 2021(USD Billion)
    • 7.3. Global cyber security market for government, 2015 - 2021 (USD Billion)
    • 7.4. Global cyber security market for financial Services, 2015 - 2021 (USD Billion)
    • 7.5. Global cyber security market for telecommunication, 2015 - 2021 (USD Billion)
    • 7.6. Global cyber security market for healthcare, 2015 - 2021 (USD Billion)
    • 7.7. Global cyber security market for others, 2015 - 2021 (USD Billion)
  • Chapter 8. Global cyber security Market: Regional Analysis
    • 8.1. Global cyber security market: Regional overview
      • 8.1.1. Global cyber security market share, by region, 2015 and 2021
    • 8.2. North America
      • 8.2.1. North America cyber security market revenue, by security type, 2015 – 2021 (USD Billion)
      • 8.2.2. North America cyber security market revenue, by solution, 2015 – 2021 (USD Billion)
      • 8.2.3. North America cyber security market revenue, by vertical, 2015 – 2021 (USD Billion)
      • 8.2.4. U.S.
        • 8.2.4.1. U.S cyber security market revenue, by security type, 2015 – 2021 (USD Billion)
        • 8.2.4.2. U.S cyber security market revenue, by solution, 2015 – 2021 (USD Billion)
        • 8.2.4.3. U.S cyber security market revenue, by vertical, 2015 – 2021 (USD Billion)
    • 8.3. Europe
      • 8.3.1. Europe cyber security market revenue, by security type, 2015 – 2021 (USD Billion)
      • 8.3.2. Europe cyber security market revenue, by solution, 2015 – 2021 (USD Billion)
      • 8.3.3. Europe cyber security market revenue, by vertical , 2015 – 2021 (USD Billion)
      • 8.3.4. UK
        • 8.3.4.1. UK cyber security market revenue, by security type, 2015 – 2021 (USD Billion)
        • 8.3.4.2. UK cyber security market revenue, by solution, 2015 – 2021 (USD Billion)
        • 8.3.4.3. UK cyber security market revenue, by vertical, 2015 – 2021 (USD Billion)
      • 8.3.5. France
        • 8.3.5.1. France cyber security market revenue, by security type, 2015 – 2021 (USD Billion)
        • 8.3.5.2. France cyber security market revenue, by solution, 2015 – 2021 (USD Billion)
        • 8.3.5.3. France cyber security market revenue, by vertical, 2015 – 2021 (USD Billion)
      • 8.3.6. Germany
        • 8.3.6.1. Germany cyber security market revenue, by security type, 2015 – 2021 (USD Billion)
        • 8.3.6.2. Germany cyber security market revenue, by solution, 2015 – 2021 (USD Billion)
        • 8.3.6.3. Germany cyber security market revenue, by vertical, 2015 – 2021 (USD Billion)
    • 8.4. Asia Pacific
      • 8.4.1. Asia Pacific cyber security market revenue, by security type, 2015 – 2021 (USD Billion)
      • 8.4.2. Asia Pacific cyber security market revenue, by solution, 2015 – 2021 (USD Billion)
      • 8.4.3. Asia Pacific cyber security market revenue, by vertical , 2015 – 5 – 2021 (USD Billion)
      • 8.4.4. China
        • 8.4.4.1. China cyber security market revenue, by security type, 2015 – 2021 (USD Billion)
        • 8.4.4.2. China cyber security market revenue, by solution, 2015 – 2021 (USD Billion)
        • 8.4.4.3. China cyber security market revenue, by vertical, 2015 – 2021 (USD Billion)
      • 8.4.5. India
        • 8.4.5.1. India cyber security market revenue, by security type, 2015 – 2021 (USD Billion)
        • 8.4.5.2. India cyber security market revenue, by solution, 2015 – 2021 (USD Billion)
        • 8.4.5.3. India cyber security market revenue, by vertical, 2015 – 2021 (USD Billion)
    • 8.5. Latin America
      • 8.5.1. Latin America cyber security market revenue, by security type, 2015 – 2021 (USD Billion)
      • 8.5.2. Latin America cyber security market revenue, by solution, 2015 – 2021 (USD Billion)
      • 8.5.3. Latin America cyber security market revenue, by vertical, 2015 – 2021 (USD Billion)
      • 8.5.4. Brazil
        • 8.5.4.1. Brazil cyber security market revenue, by security type, 2015 – 2021 (USD Billion)
        • 8.5.4.2. Brazil cyber security market revenue, by solution, 2015 – 2021 (USD Billion)
        • 8.5.4.3. Brazil cyber security market revenue, by vertical, 2015 – 2021 (USD Billion)
    • 8.6. Middle East & Africa
      • 8.6.1. Middle East & Africa cyber security market revenue, by security type, 2015 – 2021 (USD Billion)
      • 8.6.2. Middle East & Africa cyber security market revenue, by solution, 2015 – 2021 (USD Billion)
      • 8.6.3. Middle East & Africa cyber security market revenue, by vertical, 2015 – 2021 (USD Billion)
  • Chapter 9. Company Profiles
    • 9.1. Symantec
      • 9.1.1. Overview
      • 9.1.2. Financials
      • 9.1.3. Product portfolio
      • 9.1.4. Business strategy
      • 9.1.5. Recent developments
    • 9.2. IBM
      • 9.2.1. Overview
      • 9.2.2. Financials
      • 9.2.3. Product portfolio
      • 9.2.4. Business strategy
      • 9.2.5. Recent developments
    • 9.3. McAfee
      • 9.3.1. Overview
      • 9.3.2. Financials
      • 9.3.3. Product portfolio
      • 9.3.4. Business strategy
      • 9.3.5. Recent developments
    • 9.4. Northrop Grumman
      • 9.4.1. Overview
      • 9.4.2. Financials
      • 9.4.3. Product portfolio
      • 9.4.4. Business strategy
      • 9.4.5. Recent developments
    • 9.5. Booz Allen Hamilton
      • 9.5.1. Overview
      • 9.5.2. Financials
      • 9.5.3. Product portfolio
      • 9.5.4. Business strategy
      • 9.5.5. Recent developments
    • 9.6. CSC
      • 9.6.1. Overview
      • 9.6.2. Financials
      • 9.6.3. Product portfolio
      • 9.6.4. Business strategy
      • 9.6.5. Recent developments
  • Chapter 10. Patents
    • 10.1. U.S. (US Patents)
    • 10.2. Europe (EP documents)
    • 10.3. Japan (Abstracts of Japan)
    • 10.4. Global (WIPO (PCT))

List of Figures

1. Global cyber security market segmentation by security type, solution, vertical, and geography
2. Global cyber security  market, 2015 - 2021 (USD Billion)
3. Porter’s five forces analysis: cyber security market
4. Market attractiveness analysis by security type segment 
5. Market attractiveness analysis by solution segment 
6. Market attractiveness analysis by vertical segment
7. Market attractiveness analysis by regional segment 
8. Global cyber security market : Company Market Share, 2015 
9. Price Trend Analysis : cyber security market  
10. Patent trend between 2011 -2016 
11. Patent Share by Company between 2011 - 2016 
12. Patent Share by Region between 2011 - 2016
13. Global cyber security market share, by security type, 2015 -2021
14. Global cyber security market for network Security, 2015 - 2021 (USD Billion)
15. Global cyber security market for cloud Security, 2015 - 2021 (USD Billion)
16. Global cyber security market for wireless Security, 2015 - 2021 (USD Billion)
17. Global cyber security market for others, 2015 - 2021 (USD Billion)
18. Global cyber security market share, by solution, 2015 -2021
19. Global cyber security market for identity And access management (IAM), 2015 - 2021 (USD Billion)
20. Global cyber security market for encryption, 2015 - 2021 (USD Billion)
21. Global cyber security market for risk and compliance management, 2015 - 2021 (USD Billion)
22. Global cyber security market for data loss prevention, 2015 - 2021 (USD Billion)
23. Global cyber security market for antivirus and antimalware, 2015 - 2021 (USD Billion)
24. Global cyber security market for firewall, 2015 - 2021 (USD Billion)
25. Global cyber security market for others, 2015 - 2021 (USD Billion)
26. Global cyber security market share, by vertical, 2015 -2021
27. Global cyber security market for aerospace, 2015 - 2021 (USD Billion)
28. Global cyber security market for government, 2015 - 2021 (USD Billion)
29. Global cyber security market for financial Services, 2015 - 2021 (USD Billion)
30. Global cyber security market for telecommunication, 2015 - 2021 (USD Billion)
31. Global cyber security market for healthcare, 2015 - 2021 (USD Billion)
32. Global cyber security market for others, 2015 - 2021 (USD Billion)
33. Global cyber security market share, by region, 2015 - 2021
34. North America cyber security market, 2015 - 2021, (USD Billion)
35. U.S. cyber security market, 2015 - 2021, (USD Billion)
36. Europe cyber security market, 2015 - 2021, (USD Billion)
37. UK cyber security market, 2015 – 2021, (USD Billion)
38. France cyber security market, 2015 - 2021, (USD Billion)
39. Germany cyber security market, 2015 - 2021, (USD Billion)
40. Asia Pacific cyber security market, 2015 – 2021, (USD Billion)
41. China cyber security market, 2015 - 2021, (USD Billion)
42. Japan cyber security market, 2015 – 2021, (USD Billion)
43. India cyber security market, 2015 - 2021, (USD Billion)
44. Latin America cyber security market, 2015-2021, (USD Billion)
45. Brazil cyber security market, 2015 - 2021, (USD Billion)
46. Middle East & Africa cyber security market, 2015 - 2021, (USD Billion)


List of Tables

1. Global cyber security market snapshot
2. Drivers for cyber security market: Impact analysis
3. Restraints of cyber security market: Impact analysis
4. North America cyber security market revenue, by security type, 2015 – 2021 (USD Billion)
5. North America cyber security market revenue, by solution, 2015 – 2021 (USD Billion)
6. North America cyber security market revenue, by vertical, 2015 – 2021 (USD Billion)
7. U.S. cyber security market revenue, by security type, 2015 – 2021(USD Billion)
8. U.S. cyber security market revenue, by solution, 2015 – 2021 (USD Billion)
9. U.S. cyber security market revenue, by vertical, 2015 – 2021 (USD Billion)
10. Europe cyber security market revenue, by security type, 2015 – 2021 (USD Billion)
11. Europe cyber security market revenue, by solution, 2015 – 2021  (USD Billion)
12. Europe cyber security market revenue, by vertical, 2015 – 2021 (USD Billion)
13. UK cyber security market revenue, by security type, 2015 – 2021 (USD Billion)
14. UK cyber security market revenue, by solution, 2015 – 2021 (USD Billion)
15. UK cyber security market revenue, by vertical, 2015 – 2021 (USD Billion)
16. France cyber security market revenue, by security type, 2015 – 2021 (USD Billion)
17. France cyber security market revenue, by solution, 2015 – 2021 (USD Billion)
18. France cyber security market revenue, by vertical, 2015 – 2021 (USD Billion)
19. Germany cyber security market revenue, by security type, 2015 – 2021 (USD Billion)
20. Germany cyber security market revenue, by solution, 2015 – 2021 (USD Billion)
21. Germany cyber security market revenue, by vertical, 2015 – 2021 (USD Billion)
22. Asia-Pacific cyber security market revenue, by security type, 2015 – 2021 (USD Billion)
23. Asia-Pacific cyber security market revenue, by solution, 2015 – 2021 (USD Billion)
24. Asia-Pacific cyber security market revenue, by vertical, 2015 – 2021 (USD Billion)
25. China cyber security market revenue, by security type, 2015 – 2021 (USD Billion)
26. China cyber security market revenue, by solution, 2015 – 2021 (USD Billion)
27. China cyber security market revenue, by vertical, 2015 – 2021 (USD Billion)
28. Japan cyber security market revenue, by security type, 2015 – 2021 (USD Billion)
29. Japan cyber security market revenue, by solution, 2015 – 2021 (USD Billion)
30. Japan cyber security market revenue, by vertical, 2015 – 2021 (USD Billion)
31. India cyber security market revenue, by security type, 2015 – 2021 (USD Billion)
32. India cyber security market revenue, by solution, 2015 – 2021 (USD Billion)
33. India cyber security market revenue, by vertical, 2015 – 2021 (USD Billion)
34. Latin America cyber security market revenue, by security type, 2015 – 2021 (USD Billion)
35. Latin America cyber security market revenue, by solution, 2015 – 2021 (USD Billion)
36. Latin America cyber security market revenue, by vertical, 2015 – 2021 (USD Billion)
37. Brazil cyber security market revenue, by security type, 2015 – 2021 (USD Billion)
38. Brazil cyber security market revenue, by solution, 2015 – 2021 (USD Billion)
39. Brazil cyber security market revenue, by vertical, 2015 – 2021 (USD Billion)
40. Middle East & Africa cyber security market revenue, by security type, 2015 – 2021 (USD Billion)
41. Middle East & Africa cyber security market revenue, by solution, 2015 – 2021 (USD Billion)
42. Middle East & Africa cyber security market revenue, by vertical, 2015 – 2021 (USD Billion)

Methodology

This report is based on in-depth qualitative and quantitative analyses of the global Cyber security market. Zion Research has collected and analyzed key data belong to the global Cyber security market using a variety of methods. Quantitative analysis has been done following various projection and sampling techniques.

The qualitative analysis involved primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes were validated through experts' opinions. The market dynamics have been determined after conducting a detailed study of the micro and macroeconomic indicators of the market.

Various parameters have been taken into account while estimating market size. The revenue generated by the leading industry participants in from the sales of Cyber security across the world has been calculated through primary and secondary research.

Zion Research employs a combination of secondary research followed by extensive primary research. Under secondary research, we refer to prominent paid as well as open access data sources including product literature, company annual reports, government publications, press releases, industry association’s magazines and other relevant sources for data collection. Other prominent secondary sources include STATISTA, trade journals, trade associations, statistical data from government websites, etc. 

For this study, Zion Research has conducted all-encompassing primary research with key industry participants to collect first had data. Moreover, in-depth interviews with key opinion leaders also assisted in validation of findings from secondary research and to understand key trends in the Cyber security industry. Primary research makes up the major source of data collection and validation.   

Primary Research

We conduct primary interviews with industry participants and commentators on an ongoing basis to validate data and analysis. A typical research interview fulfills the following functions:

  • Provides firsthand information on market size, market trends, growth trends, competitive landscape, outlook, etc.
  • Helps in validating and strengthening the secondary research findings
  • Further, develops the analysis team’s expertise and market understanding
  • Primary research involves e-mail interactions, telephonic interviews as well as face-to-face interviews for each market, category, segment and sub-segment across geographies

Participants who typically participate in such a process include, but are not limited to:

  • Industry participants: CEOs, VPs, marketing/product managers, market intelligence managers and national sales managers
  • Purchasing managers, technical personnel, distributors and resellers
  • Outside experts: Investment bankers, valuation experts and research analysts specializing in specific markets

Key opinion leaders specializing in different areas corresponding to different industry verticals

Secondary Research

Secondary research sources that are typically referred to include, but are not limited to:

  • Company websites, annual reports, financial reports, broker reports, investor presentations and SEC filings
  • IDC and other relevant magazines
  • Internal and external proprietary databases, and relevant patent and regulatory databases
  • National government documents, statistical databases and market reports

News articles, press releases and webcasts specific to companies operating in the market

Following a comprehensive secondary and primary research and insights thus gathered, analysts at Zion Research have provided an in-depth analysis of various aspects of the Cyber security market.

Models

Where no hard data is available, we use models and estimates to produce comprehensive data sets. A rigorous methodology is adopted, wherein the available hard data is cross-referenced with the following data types to produce estimates:

  • Demographic data: Population split by segments
  • Macroeconomic indicators: GDP, PPP, Per Capita Income, etc.
  • Industry indicators: Expenditure, technology stage and infrastructure, sector growth and facilities
  • Data is then cross-checked by an expert panel.

Free Analysis

Internet security or cyber security is a branch of computer security specifically related to internet. The Internet has given rise to new opportunities almost in every field such as business, sports, education or entertainment and many others.  However, the internet has its own drawbacks like cyber crime, where the computer used for various types of thefts and crime. Various types of cyber crimes include hacking, software piracy, denial of service attack, and cyber terrorism. The purpose of cyber security is to establish rules and measures to use against cyber crimes over the internet.

Cyber security referred to the processes and technologies designed to safeguard, computers and data from cyber crime. Governments, military, financial organizations, hospitals and several other industries gather and store or transmit a large amount of confidential data on computers. In order to protect this information or data cyber security becomes essential.

Global Cyber Security Market

The cyber security market has shown exponential growth in past few years. The major driving factor for the global cyber security market is increasing the stringency of government regulations and growing cyber threats. Demand for integrated cyber solutions is another key factor anticipated to drive the market growth in the years to come. Furthermore, rising severity of cyber-crimes, the popularity of cloud security, rapid adoption of cloud computing, data center, and wireless communication are expected to boost the cyber security market in the near future. However, lack of effective defense major is expected to hamper the market growth. Growing demand for cyber security products and services is expected to open up new growth opportunities in the forecast period.

Based on security types, the global cyber security market is segmented into network security, cloud security, wireless security and others. Among all, network security was the leading type segment of the global cyber security market. It accounted more than 40% shares of the overall market in 2015. On the basis of solution cyber security market is classified into identity and access management (IAM), encryption, risk and compliance management, data loss prevention, antivirus and antimalware, firewall and others. Based on vertical of cyber security, the market is segmented into categories such as aerospace, government, financial services, telecommunication, healthcare, and others.

North America was the largest market for cyber security in the world due to the stringency of government regulations and growing cyber threats. North America has established the cyber market with wide implementation in diverse organizations. North America and Europe both are tending towards maturation phase in cyber security market owing to technological development and high awareness among the population. Moreover, cyber security market has a huge opportunity in the emerging markets of Asia Pacific due to increasing demand for cyber security solutions and products.

The key players active in this market are Symantec, IBM, McAfee, Northrop Grumman, Booz Allen Hamilton, CSC and among others. Players in cyber security market are expected to develop more advanced and user-friendly solutions to combat continuously against evolving cyber threats.

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FrequentlyAsked Questions

Rise in the cybercrime events across the globe is anticipated to create lucrative growth avenues for Cybersecurity industry over the ensuing years. With onset of new disruptive techniques like AI, Blockchain, and Connected Things, the market for Cybersecurity is predicted experience momentous growth over the forecast timeframe. With cloud computing, machine learning, AR, VR, and Data Science rapidly becoming the buzzwords of the new era of technology & electronics, the Cybersecurity market is anticipated to witness an accelerated expansion over the years to come. Surge in the eCommerce transactions and online shopping activities across the globe is likely to assist the market scale up new terrains of growth in the foreseeable future. Furthermore, growing need for strengthening the security of defense sector as well as reinforcing national security as well as safeguarding the data confidentiality of the country has resulted in huge government investments for developing strong Cybersecurity firewalls. This will drive the market trends.

According to Zion market research report, the global Cyber Security market, which was estimated at 130 (USD Billion) in 2019 and is predicted to accrue earnings worth 191 (USD Billion) by 2026, is set to record a CAGR of nearly 9.5% over 2020-2026.

North America is likely to make noteworthy contributions towards overall market revenue during 2020-2026. The regional market growth over 2020-2026 can be credited to rise in the rate of cybercrimes in various states of the U.S. along with strict laws mandating the public, utility, and private firms to safeguard the personal data of the employees. Countries like Canada have enforced strict Cybersecurity guidelines for improving the data security in the view of safeguarding the national interest. Additionally, huge acceptance of web services and increase in online retail activities as well as flourishing eCommerce business in the countries of North America will propel the market penetration in the sub-continent over the estimated timeline. Rise in digitization witnessed in BFSI, healthcare, and IT sectors in the region and these sectors more prone to cyber-attacks has helped in emergence of new cyber security systems in the region, thereby driving regional market trends.

The key players profiled in the report include McAfee, Symantec, Booz Allen Hamilton, IBM, Northrop Grumman, and CSC.

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