Vancouver, BC -- (SBWire) -- 04/13/2021 --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.
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.
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Asia Pacific market revenue is expected to increase at a rapid rate during the forecast period due to increase in investment by government and enterprises to protect respective data and information. Japan followed by India experienced the highest number of cyber-attacks in 2020, which propelled growth of the market thereafter. Finance & insurance was the most attacked sector in India in 2019, followed by manufacturing and professional services.
Key players in the market include IBM Corporation, Cisco Systems, Juniper Networks, CyberArk, Forcepoint, McAfee, Microsoft, F5 Networks, Oracle, and Fortinet.
The COVID-19 impact:
The COVID-19 pandemic could in no way jeopardize industry growth. Key market players are skeptical about the future of the industry and seek to build ways to aid in this challenging situation. The industry had a major effect on the pandemic, and numerous large plants had to interrupt their production and other activities. The normal lockout in various parts of the country makes for a shortage of capital. Contributing to major deterioration of domestic demand were trade, exports, and imports from abroad in COVID-19. The largest businesses in the world strive to clean up budgets and build cash reserves. There is no doubt that the actual disposable income of employees will decrease, and producers are looking at alternatives to satisfy consumer demand at a much lower rate.
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Important Points Mentioned in the Cyber Security Market Study
Manufacturing Analysis: The report initially analyzes the various segments of the market in a brief manner, which includes product types, applications, and so on. Further, the report consists of a separate section wherein an in-depth analysis of the manufacturing process has been provided which has been verified thorough primary information collected by experts of reputed industries as well as the industry analysts.
Sales and Revenue Estimation: By applying several top-down and bottom-up approaches on the previous years' sales and revenue data as well as the present market scenario, the analysts have anticipated the market growth and size in major geographies. The report further includes an all-inclusive study on the applications and end-user industries participating in the market. Furthermore, the report provides crucial data on the regulatory policies and guidelines, as well as the macro-economic factors, that determine the evolution of the market along with predictive analysis.
Demand & Supply Assessment: The report further offers key information on the manufacturing and cost analysis, consumption ration, import/export factors, and product and service distribution.
Competitiveness: The report provides crucial data based on the company profile, product portfolio, product and service cost, potential, and sales and revenue generated by the key pioneers and other leading companies.
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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)
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
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
Regional scope: - North America; Europe; Asia Pacific; Central & South America; MEA
Here are the questions we answer...
What are the future opportunities in store for the vendors operating in the Cyber Security market?
What does the competitive landscape look like?
Which emerging technologies are believed to impact the Cyber Security market performance?
What are the key trends and dynamics?
Which regulations that will impact the industry?
Which segment will offer the most opportunity for growth between 2020 and 2027?
Where will most developments take place in the long term?
Who are the most prominent vendors and how much market share do they occupy?
What are the latest technologies or discoveries influencing the Cyber Security market growth worldwide?
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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. Cyber Security Market Methodology
1.4. Cyber Security Market Research Sources
1.4.1. Primary
1.4.2. Secondary
1.4.3. Paid Sources
1.5. Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2019-2027
Chapter 3. Cyber Security Market Key Insights
Chapter 4. Cyber Security Market Segmentation & Impact Analysis
Chapter 5. Cyber Security Market By Products Insights & Trends, Revenue (USD Million), Volume (Kilo Tons)
Chapter 6. Cyber Security Market By Types Insights & Trends, Revenue (USD Million), Volume (Kilo Tons)
Chapter 7. Cyber Security Market By Applications Insights & Trends Revenue (USD Million), Volume (Kilo Tons)
Chapter 8. Cyber Security Market By End Use Insights & Trends Revenue (USD Million), Volume (Kilo Tons)
Chapter 9. Cyber Security Market Regional Outlook
Chapter 10. Competitive Landscape
Continued…
Cyber Security Market Top Players, Size, Business Scenario, Share, Growth, Insights, Industry Analysis, Trends and Forecasts Report 2027
The study methodologies used to examine the Cyber Security market for the forecast period, 2020 - 2027 further classifies the industry by type, geography, end-use and end-user to add more precision and bring to light factors responsible for augmenting business development.