Cybersecurity Market Overview 2019 by Company Spending, Investment Cases, Industry Report, Growth Drivers, Key Milestone & Upcoming Opportunities

Dallas, Agrigento -- (SBWire) -- 02/06/2019 --In the era of industry 4.0, the organizations are connected with their smart devices and networks. This offers a very lucrative target for the cyber criminals to penetrate more easily through the connected devices and networks. Hence, increasing adoption of IoT devices will help in the growth of cybersecurity market.

In the historic year 2017, global cybersecurity market size was registered at USD 105.48 Billion. It is projected to augment and reach the market up to USD 395 Billion in the coming years. Increasing terrorism of cyber and stringent data protection directives are the main reasons that are responsible for the global cybersecurity industry growth. The global cybersecurity market is rapidly increasing owing to the growth in the need for the solutions of cloud-based cybersecurity amongst the medium and small-sized enterprises.

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The cybersecurity market is including the solutions like Identity & Access Management, compliance and risk management, Unified Threat Management (UTM) and security incident management that allows the organizations to safeguard the data and infrastructure from the dangerous vulnerabilities and threats of cyber. Increasing dependability on internet services and rise in the acceptance of mobile devices in industries like healthcare, retail, energy, BFSI, and utility augments the global cybersecurity market growth.

Though, less awareness regarding the advantages of applying efficient solutions of security specifically in the medium and small-sized enterprises is anticipated to hamper the growth of the cybersecurity industry. In addition, the growth of cloud-based security tools and solutions, and growing adoption of big data analytics to collect the serious data of cyber threats is offering various opportunities for the growth of the global cybersecurity industry.

Development in the phishing threats and malware and growth in the BYOD features are the factors that are affecting the growth of cybersecurity market surveyed by the strict regulations and standards of the industry. Although, focus towards the cloud has relatively less impact on the cybersecurity industry in the coming future.

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Spending on cybersecurity all over the world is growing as it becomes very challenging to keep the speed with the increase in the malware attacks and cybercrimes on government, healthcare and BFSI organizations. Evolving and the disrupting technology in the retail, automotive, defense, information technology and banking sector amongst others are offering the automation, easy working and new capabilities in the coming years.

Global cybersecurity market is including the protection of networks, data, programs and computer from the unofficial access. Currently, cybersecurity importance is growing to a better extent as immense amounts of private data and information is gathered, transmitted and stored through networks by the governments, people and corporations. In the past years, prominent incidents of cyber hacks are increasing the demand for security products and sophisticated software. Businesses all over the world are increasing awareness for the possible threats that lead to the better distribution of resources to diminish the risk and leads to the global cyber security market growth.

Global cybersecurity market is segmented into industry vertical, solution, deployment type and region. On considering the industry vertical, the market is divided into retail, manufacturing, government, healthcare, ICT, BFSI and others. On the basis of the solution, the market is divided into managed services, integration, consulting, education and training, messaging, network, security and vulnerability management, web security, end-point, identity access management and others. Base on deployment type, market is divided into on-premise and cloud.

Geographically, regions involved in the global cybersecurity market analysis are Europe, North America, Latin America, Asia Pacific and Middle East & Africa. North America holds the largest global cybersecurity market share. The Asia Pacific is projected to bolster the market with the maximum CAGR during the forecast period.

Key segments of the global cybersecurity market

Deployment type Overview, 2012-2025 (USD Million)
Cloud
On premise

Solution Overview, 2012-2025 (USD million)
Identity access management
End-point
Web security

Network, Security & vulnerability management (SVM)
Messaging
Education & training
Consulting
Integration
Managed services
Others

Industry vertical Overview, 2012-2025 (USD million)
BFSI
ICT
Healthcare
Government
Manufacturing
Retail
Others

Regional Overview, 2012-2025 (USD million)
North America
S.
Canada
Europe
UK
Germany
Rest of Europe
Asia-Pacific
Japan
Australia
Rest of APAC
Latin America
Mexico
Brazil
Rest of Latin America
Middle East & Africa

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Adroit Market Research is an India-based business analytics and consulting company incorporated in 2018. Our target audience is a wide range of corporations, manufacturing companies, product/technology development institutions and industry associations that require understanding of a market's size, key trends, participants and future outlook of an industry. We intend to become our clients' knowledge partner and provide them with valuable market insights to help create opportunities that increase their revenues. We follow a code– Explore, Learn and Transform. At our core, we are curious people who love to identify and understand industry patterns, create an insightful study around our findings and churn out money-making roadmaps.