Information Communications Media Technology Market News

Cyber security market scrutinized in new research

IT Market Research

The total cyber security market is valued at USD 136 billion as on 2017 and is likely to reach USD 262 billion by the end of 2023, growing at a CAGR of 11.5%.

- Advertising -

The increasing frequency of cyber-crimes along with mandates to regulatory compliances, and development of new applications such as internet of things (IOT), cloud, mobility, Machine-to-Machine (M2M) are some of the major factors contributing towards the growth of cyber security market.

There are companies investing heavily on digital transformation and in this process, they have to prevent e-commerce fraud which involves complex threat detection system. In the current scenario, there is huge potential in the cyber security market because, the ransomware attacks have doubled the frequency from 13% to 26% and the losses due to these attacks is estimated more than 5 billion USD.

- Advertising -

Access Sample Report : www.supplydemandmarketresearch.com…ccode=SDMRIC6220

The cyber security market is dominated by North American market which approximately accounted for half of the global market. North American region will experience high growth as the government allocates the budget for security of critical infrastructure & sensitive data.

The US government has spent around $ 14 billion on cyber security in 2016 and is planning to spend around US $ 19 billion in 2017.CHEC

The application security is anticipated to be the fastest-growing segment with a CAGR of around 19% from 2017 to 2023. The losses due to data breach per incident has increased upto $4 million per incident.

Moreover, the IT spending for application security is less than 5%, which provides huge potential for the growth of the cyber security market.

The various end-user industries of cyber security market are healthcare, government, financial services, telecommunications, transportation, retail, manufacturing, aerospace and others. Banking and Financial services will experience the highest CAGR from 2018-2023 mainly due to shifting of banks towards digital channels such as online banking and mobile transactions.

Access Full Report @ www.supplydemandmarketresearch.com…ccode=SDMRIC6220

The companies are strengthening their market presence by acquiring service providers and widen their product portfolio. In June 2017, Microsoft announced the acquisition of U.S.

based company Hexadite which will assist them in commercial customers detect responses in Windows 10 - specifically along with the addition of Hexadite's end-point security automated remediation. The major players in this market are Booz Allen Hamilton, Hewlett Packard Enterprise, IBM International, Verizon Communications, Mcafee LLC, Trend Micro, Inc., Symantec Corporation, Lockheed Martin, Cisco Systems, Inc., Fortinet, Inc., Check Point Software Technologies, Palo Alto Networks, Inc., Juniper Networks, Inc., Northrop Grumman, Sophos Ltd., Optiv, Fireeye, Inc.

and others.

SDMR employs a three way data triangulation approach to arrive at market estimates. We use primary research, secondary research and data triangulation by top down and bottom up approach

Secondary Research:

Our research methodology involves in-depth desk research using various secondary sources. Data is gathered from association/government publications/databases, company websites, press releases, annual reports/presentations/sec filings, technical papers, journals, research papers, magazines, conferences, tradeshows, and blogs.

Access Full Report @ www.supplydemandmarketresearch.com…MRIC6220#Buy_now

Key Data Points through secondary research-

Macro-economic data points

Import Export data

Identification of major market trends across various applications

Primary understanding of the industry for both the regions

Competitors analysis for the production capacities, key production sites, competitive landscape

Key customers

Production Capacity

Pricing Scenario

Cost Margin Analysis

Key Data Points through primary research-

Major factors driving the market and its end application markets

Comparative analysis and customer analysis

Regional presence

Collaborations or tie-ups

Annual Production, and sales

Profit Margins

Average Selling Price

Make an Enquiry@www.supplydemandmarketresearch.com…occode=SDMRIC6220

News From

Supply Demand Market ResearchSupply Demand Market Research
Category: Market Research Publishers and RetailersCompany about: SDMR (supply demand market research) is one of the leading market research and consulting company which helps client in achieving progressive growth in current and disruptive market which is heavily impacted by niche and mega trends, innovative business models, competitive environment in terms of both supply and demand market. Supply side market is impacted by capacity, cost margin, profit margin, disruptive technologies, policies, competition and regulation. Demand side market is impacted by cu ...
This email address is being protected from spambots. You need JavaScript enabled to view it.