The analysts forecast global cyber security market to grow at a CAGR of 12.88% during the period 2017-2021.
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Cyber Security Market report covers the present scenario and the growth prospects forecast from 2017 to 2021.and while calculate the market size, the report introduces a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The following companies as the key players in the global cyber security market: Booz Allen Hamilton, Lockheed Martin, McAfee, Symantec, and Trend Micro.
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Other Prominent Vendors in the market are: Boeing, Brocade Communications Systems, Check Point, Software Technologies, Cisco Systems, Dell EMC, F-Secure, Fortinet, General Dynamics, Hewlett Packard Enterprise, IBM, Kaspersky Lab, Juniper Networks, L3 Technologies, Microsoft, Northrop Grumman, Raytheon, and Sophos.
The market is divided into the following segments based on geography: North America, APAC, Europe, Latin America and MEA.
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The latest trend gaining momentum in the market is Adoption of IoT. IoT is an interconnection between devices, and allows the exchange of large volumes of data stored in the cloud.
These data, however, need to be organized to simplify data analysis and presentation. IoT enables better connectivity and resolves all critical situations.
The technology is expected to be integrated with advanced features in the future, empowering it to perform better functions. For instance, devices installed in homes can be controlled with mobile applications such as controlling power and temperature with thermostats.”
Cyber threats are the Internet-based attempts to disrupt or damage information systems and hack critical information using spyware, malware, and phishing. Cyber security solutions help organizations to monitor, detect, report, and counter cyber threats to maintain data confidentiality.
The adoption of cyber security solutions is expected to grow with the increasing Internet penetration among developing and developed countries. In addition, the expanding wireless network for mobile devices has increased data vulnerability.
According to the report, one of the major drivers for this market is Increase in use of mobile devices. With the increasing adoption of mobile devices, such as mobile phones, laptops, and tablets, the need for cyber security solutions is increasing.
One of the major reasons for this is the increasing access to the Internet through such devices, which is increasing the chances of cyber threats. Furthermore, the use of mobile devices for personal and professional use is increasing the access to critical data and information, which will increase the chance of unauthorized access in case of a stolen mobile device.
With technological advances, the acceptance of mobile devices for m-commerce, bill payment, and GPS is also increasing. The confidential information accessed by mobile devices requires high-level security against hacking.
Hence, there is high demand for advanced cyber security solutions.
The report, Global Cyber Security Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. This report covers the market landscape and its growth prospects over the coming years.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Table of Contents
Scope of the report
Market segmentation by deployment
Market segmentation by end-user
Drivers and challenges
Five forces analysis
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