This Cybersecurity Market report provides market segmentation in the most detailed pattern. A high-level market analysis of major segments has been performed in the report and opportunities are identified. The market report not only deals with major industrial categories but also different associated segments such as services, technologies, & applications. What is more, the global Cybersecurity Market research report provides market data in such a way that it also considers new product development from beginning to launch.
The Cybersecurity Market is segmented by Product Type (Solutions and Services), Deployment (On-cloud and On-premise), End-user Industry (Aerospace, Defense and Intelligence, Banking, Financial Services and Insurance (BFSI), Healthcare, Manufacturing, Retail, Public Utility, IT, and Telecommunication), and region (North America, Europe, Asia-Pacific, Middle East and Africa and South America)
Cybersecurity Market Overview
The global cyber security market size was valued at USD 167.13 billion in 2020 and is expected to register a CAGR of 10.9% from 2021 to 2028.
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Cybersecurity solutions help organizations monitor, detect, report, and counter cyber threats to maintain data confidentiality. The adoption of cybersecurity solutions is expected to grow with the increasing internet penetration among developing and developed countries. The need for security solutions has been marked highly by the private financial and banking services sectors and the healthcare and aerospace defense sectors.
Rapidly increasing cybersecurity incidents and regulations requiring their reporting and The adoption of M2M/IoT connections demand strengthened cybersecurity in enterprises are some of the factors that have supported the long-term expansion of the Cybersecurity Market.
Amidst the COVID-19 pandemic crisis, various governments and regulatory authorities mandate both public and private organizations to embrace new practices for working remotely and maintaining social distancing.
Cybersecurity Market Regional Analysis
Asia-Pacific is expected to have the highest market growth for cybersecurity solutions over the forecast period. The strong presence of several market incumbents, coupled with recent security threats in the region, is expected to accelerate these solutions further.
Cybersecurity Market Competitive Landscape
Key Players
- Broadcom (Symantec CorporationCorp.)
- Check Point Software Technology Ltd.
- Cisco Systems, Inc.
- IBM; McAfee, LLC
- Palo Alto Networks, Inc.
- Trend Micro, Incorporated Inc.
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Recent Developments in The Cybersecurity Market
- In October 2020, IBM Security announced new and upcoming capabilities for Cloud Pak for Security, that includes a data security solution that enables companies to detect, respond, and protect from threats to their most sensitive data across hybrid cloud environments.
- In February 2020, Oracle and Microsoft expanded their cloud collaboration with a new cloud interconnect location in Amsterdam, Netherlands. The new interconnect location would enable these businesses to share data across applications running in Microsoft Azure and Oracle Cloud.
Reasons to Acquire Cybersecurity Market Report
- Increase your understanding of the market for identifying the best and suitable strategies and decisions on the basis of sales or revenue fluctuations in terms of volume and value, distribution chain analysis, market trends and factors
- Gain authentic and granular data access for Cybersecurity Market so as to understand the trends and the factors involved behind changing market situations
- Qualitative and quantitative data utilization to discover arrays of future growth from the market trends of leaders to market visionaries and then recognize the significant areas to compete in the future
- In-depth analysis of the changing trends of the market by visualizing the historic and forecast year growth patterns
Table of Contents
Cybersecurity Market is segmented into product type, deployment, end user and region.
On the basis of Product Type
Security and Vulnerability Management
DDoS Mitigation
Next Generation Firewall
IDS/IPS
Security Information and Event Management
Email Security
Endpoint Security
IoT Security
On the basis of Deployment
On cloud
On-premise
On the basis of End-User
Aerospace, Defense, and Intelligence
Banking, Financial Services, and Insurance
Healthcare
Manufacturing
Retail
Public Utility
IT and Telecommunication
On the basis of Region
Asia Pacific
North America
Europe
South America
Middle East & Africa
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