Global Cybersecurity Market Estimated to Surpass USD 275 Billion by 2026

30-Mar-2020 | Facts and Factors

Findings from Facts and Factors report “Cybersecurity Market By Component (Solutions and Services), By Solution/Offerings (Identity And Access Management, Infrastructure Security, Governance Risk & Compliance, Unified Vulnerability Management Service Offering, and Data Security & Privacy Service Offering), Deployment Type (Cloud and On-Premises), User Type (Large Enterprises and Small & Medium Enterprises), Industry Verticals (Aerospace & Defense, BFSI, Public sector, Retail, Healthcare, IT & Telecom, Energy & Utilities, Manufacturing, and Others), And By Region: Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecasts, 2020–2026” states that the global cybersecurity market in 2019 was approximately USD 140 Billion. The market is expected to grow at a CAGR of nearly 11% and is anticipated to surpass USD 275 Billion by 2026.

Global Cybersecurity Market Size

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Cybersecurity is an integrated set of tools and technologies exploited to safeguard networks, programs, and data-loaded machines that can be accessed through any unlicensed dataset either intentionally or accidentally. Considerable progress has been observed in cybersecurity solutions during the past few years owing to the growing prevalence of cyber threats. The cybersecurity market will pursue a positive growth trend owing to the rising adoption of BYOD trend and IoT-based technologies among various multinational companies along with the growing incidences of phishing and malware threats in recent years.

Browse the full “Cybersecurity Market By Component (Solutions and Services), By Solution/Offerings (Identity And Access Management, Infrastructure Security, Governance Risk & Compliance, Unified Vulnerability Management Service Offering, and Data Security & Privacy Service Offering), Deployment Type (Cloud and On-Premises), User Type (Large Enterprises and Small & Medium Enterprises), Industry Verticals (Aerospace & Defense, BFSI, Public sector, Retail, Healthcare, IT & Telecom, Energy & Utilities, Manufacturing, and Others), And By Region: Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecasts, 2020–2026" https://www.fnfresearch.com/global-cybersecurity-market-by-component-solutions-and-services-1005

Moreover, cloud storage and analytics technology are gaining high prominence in several data management industries. Hence, the demand for cybersecurity solutions to safeguard cloud data is increasing at a remarkable rate. However, the global cybersecurity market is potentially being hampered due to the obligations set for the cybersecurity services providers to comply with the regulations, standards, and complexities related to device security.

The “service” category under the component segment to witness a splendid growth during the study timeframe

The component segment bifurcates the global cybersecurity industry into solution and service, of which the service segment is anticipating substantial growth in the upcoming few years. The anticipated significant growth in the cybersecurity service segment during 2020–2026 is attributed to the extensive adoption of cybersecurity services to manage and secure crucial data of enterprises.

North America to sustain the dominating position in the global cybersecurity market throughout the forecast period

North America is projected to maintain its dominance in the cybersecurity sector during 2020–2026 by holding significant market share. The key factor supporting the dominance of North America in the global market is that the majority of the leading players are headquartered in the region. However, the Asia Pacific cybersecurity market is witnessing a striking growth in the next few years owing to the rapid adoption of advanced technologies, growing prominence of cloud-based solutions, and swift economic development.

Report Scope

Report Attribute

Details

Market Size in 2019

USD 140 Billion

Projected Market Size in 2026

USD 275 Billion

CAGR Growth Rate

11% CAGR

Base Year

2019

Forecast Years

2020-2026

Key Market Players

McAfee, Cisco Systems, Microsoft, Rapid7, IBM Corporation, Trend Micro, Palo Alto Networks, FireEye, Sophos, AWS, Oracle, Symantec, Fortinet, Micro Focus, RSA Security, Check Point Software Technologies, Imperva, Proofpoint, F-Secure, and Cyberark, and Others

Key Segment

By Component, Offerings, Deployment Type, User Type, Industrial Vehicle, and Region

Major Regions Covered

North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa

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Some of the key players driving the global cybersecurity market are McAfee, Cisco Systems, Microsoft, Rapid7, IBM Corporation, Trend Micro, Palo Alto Networks, FireEye, Sophos, AWS, Oracle, Symantec, Fortinet, Micro Focus, RSA Security, Check Point Software Technologies, Imperva, Proofpoint, F-Secure, and Cyberark, among others.

This report segments the global cybersecurity market as follows:

Global Cybersecurity Market: Component Segmentation Analysis

  • Solutions
  • Services

Global Cybersecurity Market: Offerings Segmentation Analysis

  • Identity and Access Management (IAM)
  • Infrastructure security
  • Governance, risk, & compliance
  • Unified vulnerability management service offering
  • Data security and Privacy service offering

Global Cybersecurity Market: Deployment Type Segmentation Analysis

  • Cloud
  • On-Premises

Global Cybersecurity Market: User Type Segmentation Analysis

  • Large enterprises
  • Small & medium enterprises

Global Cybersecurity Market: Industrial Vehicle Segmentation Analysis

  • Aerospace and Defense
  • BFSI
  • Public sector
  • Retail
  • Healthcare
  • IT and Telecom
  • Energy and Utilities
  • Manufacturing
  • Others

Global Cybersecurity Market: Regional Segmentation Analysis

  • North America
    • The U.S.
    • Canada
  • Europe
    • Germany
    • The UK
    • France
    • Spain
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

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