Cyber Security Market By Service (Training and Education, Managed Services, Consulting) By Industry Type (Transportation, Telecom and IT, Aerospace and Defense, Healthcare) By Deployment Type (On-Premises, Cloud).
GLOBAL CYBER SECURITY MARKET was valued at USD 139.54 Billion in the year 2017. Global Cyber Security Market is further estimated to grow at a CAGR of 10.38% from 2018 to reach USD 252.39 Billion by the year 2023.
North America region holds the highest market share in 2017 and Asia-Pacific market is considered as the fastest growing market in the forecasted period. At a country level, developed markets like the U.S.
as well the emerging markets like China with highest population base holds the notable market share in 2017 and it is projected to grow at a gradual rate in the coming years.
McAfee LLC (US), IBM Corporation (US), Cisco Systems Inc. (US), Symantec Corporation (US) are some of the key players in the Cybersecurity Market with McAfee LLC holding the substantial market share because of its better technological advancements and global reach.
Technological up gradation to cater changing demand of end users along with growth strategies such as acquisition & merger were few techniques adopted by most of the top players in last 5 years.
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Mandatory legislation regarding cybersecurity
Availability of pirated security solutions
Increasing use of social media platforms for business dealings
Growing interests of end users in cryptocurrencies
Lack of skilled personnel to curb the growing ransomware attacks
Segmentation done on the basis of Industry include Transportation, Telecom and IT, Aerospace and Defense, Healthcare, Retail, Manufacturing, Banking Financial Services and Insurance (BFSI); of which the BFSI segment is expected to hold the highest market share during the forecast period.
Segmentation done on the basis of Service include Training and Education, Managed Services, Consulting, Design and Integration, Risk and Threat Assessment, Support and Maintenance of which The Managed Services segment is expected to grow at the highest CAGR during the forecast period.
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Key Benefits for Stakeholders
Cybersecurity Solutions & Service Providers
Research and Consulting organization
Technology Standards Organizations, Forums, Alliances and Associations
Regulatory bodies, policy actors, and consumers.
Training and Education
Design and Integration
Risk and Threat Assessment
Support and Maintenance
By Industry Sector
Telecom and IT
Aerospace and Defense
Banking, Financial Services, and Insurance
By Deployment Type
Key Market Players
Cisco Systems Inc.
Palo Alto Networks
Check Point Software Technologies
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