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The global cyber security market is expected to grow at a double-digit CAGR from 2018 to 2023, leading to global revenue of USD 193.76 billion by 2023. Cybersecurity solutions are being increasingly used across various public and private enterprises to ensure the protection of critical personal and financial information, to mitigate risks and to establish comprehensive protection against any form of cyber-attacks.
Key Companies Profiled:
- Symantec
- Check point technology Ltd
- Paloalt- Networks
- Fortinet
- FireEye
- Trend Micr- Inc.
- Proofpoint Inc.
- KPMG
- IBM
Cybersecurity comprises technologies, processes, and controls that are designed to protect systems, networks, and data from cyber-attacks. Effective cybersecurity reduces the risk of cyber-attacks and protects organizations and individuals from the unauthorized exploitation of systems, networks, and technologies. The use of cybersecurity can help prevent cyber attacks, data breaches, and identity theft and can aid in risk management.
The cross-sectional analysis of all the above-mentioned segments across different regions such as North America, Asia Pacific, Europe, Latin America and the Middle East and Africa has also been provided within the scope of the research.
Geographically, North America dominated the global cybersecurity market and was majorly driven by the U.S. in 2017.
Depending on the various types of solutions available in the market, the global cyber security market has been classified into:
- IAM (identity and access management)
- Encryption, governance
- Risk and compliance
- UTM (unified threat management)
- SIEM (security information and event management)
Among the different solution types, demand for encryption is anticipated to be the most promising in the coming years. This is due to its increasing adaptability across various telecom and IT verticals to protect information stored on clients' devices and to use it on the cloud without the risk of being hacked.
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Demand for cybersecurity products and services from various end-use industries including :
- Aerospace and Defence
- Financial service sector
- Telecommunication sector
- Healthcare industry
Demand for cybersecurity products and services in the financial service sector held the largest market share in 2016 and is anticipated to maintain its dominance during the forecast period.
Major Topics Covered in the Report:
- Chapter 1: Executive summary
- Chapter 2: Global cybersecurity market overview
- Chapter 3: Global cybersecurity market - by solution across different regions
- Chapter 4: Global cybersecurity market - by end-use industry across different regions
- Chapter 5: Global cybersecurity market - by geography
- Chapter 6: Company profiles Analysis
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