the report is a study of the market status on the basis of drivers, opportunities and constraints, market segmentation, and competitive landscape. Cyber security is a rising concern, owing the global hold of information technology (IT) and emergence of Internet of Things (IoT), Bring Your Own Device (BYOD), and managed services. This has led to an upsurge in security breaches against enterprises, and severe regulation of data privacy.
The report segments the international cyber security market on the basis of product, on the basis of end user or application, and on the basis of geographical demarcation. The product type segment includes the market’s division into basic, advanced, and professional versions.
These sectors are primarily comprised of applications in IT, IoT, and managed services. The sector of managed services is expected to grow at an unparalleled rate in terms of CAGR during the forecast period across the globe.
The major types of applications of the cyber security market are foretold to be household, school, and commercial use. The commercial sector is likely to prove to be the most substantial segment, owing to security concerns over networks, endpoints, cloud, database, application, and web security.
Emergence of IoT is expected to propel the application security segment under the cyber security market.
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Furthermore, the market is expected to receive a considerable thrust from banking, financial, and insurance services, on account of security requirements across the BFSI sector. Cloud-based security is anticipated to witness higher demands, fueled by the cost-effective features of cloud solutions.
Geographically, the market has been segmented into Europe, North America, Asia Pacific, South America, and Middle East and Africa. Asia Pacific is anticipated to be the swiftest growing market for cyber security solutions and is anticipated to occupy a major share of the market revenue.
India and China are mentioned as the leading countries in this region. Being emerging economies, they are expected to have the fastest growing markets for cyber security.
North America is predicted to play a crucial role in the market revenue as well. It plays an important role in the international market, and any slight changes occurring on behalf of the U.S.
is likely to have a considerable effect on the world market.
The report provides a brief 2012-2022 analysis for each segment of the global cyber security market. Revenue and production figures, and pricing trends of every segment are provided in the report, making it an exhaustive repository on the same.
Key companies examined in the report include EY, Mimecast, DXC Technology Company, Control Risks Group Holdings, Happiest Minds, and Control Risks Group Holdings.
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