Pune, India -- (SBWire) -- 04/04/2019 --Our latest research report entitled Cyber Security Market (by deployment mode (on-premise, and cloud), security type (application, cloud security), services (professional services, and managed services), solution (risk and compliance management, distributed denial of service (DDOS), and unified threat management), end user(manufacturing, IT and telecom, public sector, healthcare, and aerospace and defense )) Global Industry Analysis, Trends, Size, Share and Forecasts to 2024 provides complete and deep insights into the market dynamics and growth of cyber security. Latest information on market risks, industry chain structure cyber security cost structure and opportunities are offered in this report. The past, present and forecast market information will lead to investment feasibility by studying the essential cyber security growth factors.
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The forecast cyber security market information is based on the present market situation, growth opportunities, development factors, and opinion of the industry experts. An in-depth analysis of the company profiles, cyber security on global and regional level and applications is conducted. The analysis of downstream buyers, sales channel, raw materials, and industry verticals is offered in this report. The global cyber security market is projected to grow at a CAGR of 15.2% over the forecast period of 2018-2024.
Cyber Security Market: Industry Insights
Cyber security or information technology security designed to protect devices, networks, programs, and data from damage, attack, or unlicensed or spontaneous access. Cyber security is important because the military, government, corporate, financial, and medical organizations store, process, and collect confidential information on computers and other devices.
Cyber Security Market: Driver and Restraints
Increasing incidences of cyberterrorism, cyberwarfare and cyberespionage are augmented the growth of cyber security market. Moreover, rapid growth in digitization across the globe has impacted organizations to rely on digitized information increasingly. The rising need for a cyber-security solution among small and medium-sized enterprises is strengthening the growth of same. Furthermore, increasing penetration of the internet of things in developed and developing economies also ample market growth. Additionally, growth in rising malware attacks in government bodies, banking, healthcare organizations and financial institutions, and amongst several other industries around the globe promotes the growth of the market. On the other hand, the primary platform for a surge in cybercrime activities is connectivity through the use of, cloud, Big Data, social media, and mobile services. Going further, the implementation of Artificial intelligence and blockchain technology for a solution of cybersecurity have opened numerous doors of opportunity for the key players in the cyber security market.
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Cyber Security Market: Segmentation
The global cyber security market is segmented into deployment mode, security type, services, solution, and end user. Based on basis mode, the global market is bifurcated into on-premise and cloud. Cloud segment holds a significant share in the cyber security market owing to its low maintenance cost which is majorly preferred by small & medium enterprises. Furthermore, security type segment is divided into application security and cloud security. On the basis of services, the global cyber security market is categorized into professional services and managed services. Moreover, on the basis of the solution, the market is divided into risk and compliance management, distributed denial of service (DDoS), and unified threat management. On the basis of the end user, the global cyber security market is categories into manufacturing, IT and telecom, public sector, healthcare, and aerospace and defense.
Cyber Security Market: Regional Insights
Geographically, North America dominated the global cyber security market. The growth of this is region is attributed due to the presence of prominent players which offers advanced services and solution to all the sectors. Moreover, rising need for cyber-security solution among organizations to shrink the misuse of internet and address the attacks on their IT infrastructure is promoting the growth of Cyber security market in the North America region. On the other hand, the Asia Pacific region is expected to grow with the fastest rate in Cyber security market. The factor responsible for the growth of the market are growing technological adoption, stringent data protection directives in countries such as India and Japan have resulted in huge investments from large organizations to customize security solutions.
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Cyber Security Market: Competitive Analysis
The global cyber security market is highly competitive owing to the presence of various prominent players in this market. Some of the market players in cyber security market are Trend Micro, Fortinet, Inc., Cato Networks, Palo Alto Networks, Inc, F-Secure, Juniper Networks, and Symantec. The growth in cyber-attacks is poised to witness huge opportunities for market players.
