17-Jun-2021 | Facts and Factors
The latest market study titled “Cyber Security Market” published by Facts & Factors carefully combs the market and details the analytical and comprehensive review of the market. We estimate that the global Cyber Security Market size & share was USD 176.6 Billion in the year 2020 and will grow to a market value of USD 398.3 Billion by 2026 at an anticipated CAGR growth rate of 14.9% during the forecast period 2021-2026.
Cyber security is a set of well-defined protocol that deals with unwarranted exploitations from unwarranted entities on your systems, networks, programs, devices, and data. Cyber security measures are a counteractive force of measure that deals with tackling further exploitation. The intensity and frequency of cypher attacks and the rising prevalence of sophisticated cyber-attacks are likely to drive the global cyber security market during the forecast period. Moreover, the rise of the Internet of Things (IoT) and a rise of sharing data will further prove as a boon for the global cyber security market.
Increasing the use of technological measures in the sectors of retails, BSFI, information and technology, and manufacturing will boost the footprint of the global cyber security market to a larger footprint. Constant integration of governmental agencies with advanced security measures will further open new revenue streams for the cyber security market during the forecast. Digital loopholes in a range of applications will serve as provocations for state-sponsored hacktivists.
Top Market Players
The key participants in the global cyber security market are Symantec, Sophos, Micro Focus, Juniper Networks, Oracle, F-Secure, Qualys, Forcepoint, Fireeye, Palo Alto Networks, Inc., RSA Security, and Imperva, among others.
The noteworthy developments during the forecast period happening in the global cyber security market are:
- FireEye, Inc. recently introduced the FireEye Cyber Physical Threat Intelligence which provides a subscription based service based on context, data, and actionable analysis w.r.t cyber-physical systems that include operational technology (OT), industrial control systems (ICS), Internet of Things (IoT), and other interconnected services.
- The Cisco Webex Control Hub launched an extension of the security pack that enables their users to protect of data from accidental misuse and malicious attacks while providing the best user experience.
On the basis of solution, the global cyber security market can be divided into unified threat management (UTM), intrusion detection system (IDS)/ intrusion prevention system (IPS), data prevention loss (DLP), identity & access management (IAM), SIEM, DDoS, risk & compliance, and others. The IAM segment is expected to witness the largest market share during the forecast owing to the rise in the number of insider-related threat attacks and the need to automate compliance requirements and IAM policies.
On the basis of service types, the global cyber security market can be divided into employee training, penetrative testing, enterprise risk assessment, and physical security. Extensive deployment of professional services will account for the largest market share during the forecast owing to minimized cost due to proper deployment means by providing sufficient efficiency IT infrastructure.
North America Holds Highest Market Share During the Forecast Period
North America is expected to witness the largest market share during the forecast period with the latest trends accumulating up to 35%. Factors pertaining to the dominant position of the region can be credited to the presence of key players and vendors in the region, investment from SMEs and large enterprises, and loosening regulatory regulations will boost the growth of the market. Asia-Pacific is expected to witness the fastest growing CAGR during the forecast period due to the increased prevalence of phishing and cypher attacks on the sectors of telecom, energy, finance, and BSFI.
Browse the full report “Cyber Security Market By Component (Hardware, Software, & Services), By Solution (Unified Threat Management (UTM), Intrusion Detection System (IDS)/ Intrusion Prevention System (IPS), Data Prevention Loss (DLP), Identity & Access Management (IAM), SIEM, DDoS, Risk & Compliance, & Others), By Security Types (Endpoint, Cloud, Network, Application, Infrastructure Protection, Data Security, & Others), By Service Types (Professional Services, Consulting Services, Training & Education Services, Support & Maintenance Services, & Managed Services), By Deployment Types (Cloud Based & On-Premise), By Organization Size (SMEs & Large Enterprises), By Industry Verticals (IT & Telecom, Retail, BSFI, Healthcare, Defense/Government, Manufacturing, Energy, & Others), And Regions – Global & Regional Industry Perspective, Comprehensive Analysis, and Forecasts, 2021 – 2026” at https://www.fnfresearch.com/cyber-security-market
The global cyber security market can be segmented into:
Global Cyber Security Market: By Component Segment Analysis
Global Cyber Security Market: By Solution Segment Analysis
- Unified Threat Management (UTM)
- Intrusion Detection System (IDS)/ Intrusion Prevention System (IPS)
- Data Prevention Loss (DLP)
- Identity & Access Management (IAM)
- Risk & Compliance
Global Cyber Security Market: By Security Types Segment Analysis
- Infrastructure Protection
- Data Security
- Content Security
- Database Security
- Web Security
Global Cyber Security Market: By Service Types Segment Analysis
- Professional Services
- Consulting Services
- Training & Education Services
- Support & Maintenance Services
- Managed Services
Global Cyber Security Market: By Deployment Types Segment Analysis
Global Cyber Security Market: By Organization Size Segment Analysis
Global Cyber Security Market: By Industry Verticals Segment Analysis
- IT & Telecom
Global Cyber Security Market: By Regional Segment Analysis
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Southeast Asia
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- GCC Countries
- South Africa
- Rest of MEA
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