Portland, OR -- (SBWire) -- 06/14/2018 --Cyber security is defined as the protection of systems, network, and data from unauthorized exposure or access. It basically refers to the process of ensuring data integrity, confidentiality, and availability. Corporate, financial, government, and military organizations gather, store, and process unprecedented amount of data in their computers. A portion of that data can be sensitive information, for which unauthorized access could have negative consequences. Cyber security guards the private and confidential data from the threat of cyber-attack. It finds application in numerous industry verticals such as IT & telecom, entertainment, manufacturing, government, retail, education, healthcare, aerospace & defense, automotive, and more.
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Market Drivers and Restraints
The report discusses the factors that drives and restricts the growth of the global cyber security market. The market has been gaining traction owing to the growing demand for cyber security solutions and services due to growing threats such as virus deployment, computer intrusion (hacking), and denial of services. Moreover, the governments of various developed countries such as U.S., Canada, China, and Germany are increasingly investing in cyber security programs, due to growth in computer interconnectivity of government networks. Furthermore, the emergence of risk-based frameworks for cyber security propels the market growth. On the other hand, the growing usage of free and pirated security solutions as well as complexities associated with device security impede the industry growth.
Market Segmentation:
By Component
Services
Solution
By Services
Professional services
Managed services
By Industry Vertical
Aerospace & defense
Entertainment
Government
Retail
Healthcare
IT & telecom
Manufacturing
Others (education, automotive, and media and entertainment)
By Deployment type
Cloud
On-premises
By Geography
North America
U.S.
Canada
Mexico
Europe
UK
Germany
France
Italy
Rest of Europe
Asia-Pacific
China
Japan
India
Rest of Asia-Pacific
LAMEA
Brazil
Saudi Arabia
South Africa
Rest of LAMEA
Key Market Players
The study identifies the prominent players operating in the cyber security market. They include Symantec Corporation, IBM Corporation, Hewlett Packard Enterprise, Intel Security, Sophos Ltd., Rapid7, Inc., Cisco Systems, Inc, EMC RSA, FireEye, Inc., and Trend Micro, Inc.
Key Takeaways from the Market
The report is an elaborative study of the global cyber security market, encompassing the market size, market trends, market dynamics, market segmentation, market forecast, and company profiles.
The report enhances the decision-making capabilities of market players, investors, and new entrants as well as helps adopt better marketing strategies to gain a competitive advantage.
The market forecast discussed in the report is based on the current and past trends of the industry.
The market dynamics including the drivers and restraints helps to comprehend the factors affecting the growth of the cyber security market.
Major players of global cyber security market are mentioned in the report along with their recent developments and other information to understand the competitive landscape of the market.
The Porter's analysis explains the potency of buyers and suppliers to allow stakeholders strengthen their supplier-buyer network. It comprises the five forces such as the bargaining power of buyers, the bargaining power of suppliers, threat from substitutes, threat of new entrants, and industry rivalry.
Current and Latest Trends of Cyber Security Market from 2017 to 2025
The global cyber security market is expected to grow at a CAGR of around 15% from 2017 to 2025.