The Cybersecurity Market is expected to grow from USD 156.24 billion in 2020 to USD 352.25 billion by 2026 at a CAGR of 14.5% from 2020 to 2026.
Cyber security, also known as IT security, focuses on protecting computers, programs, networks, and data from unauthorized or spontaneous access. It includes network security, endpoint security, application security, identity management, data security, cloud security and infrastructure security. Since cyber threats have increased at a significant rate, security solutions have been obtaining traction, worldwide. Solutions including antivirus software and firewalls have increased in complexity and proven to be effective at avoiding threats and attacks, such as malware, Trojans and phishing. The rising cyber-thefts and cyber-terrorism worldwide have surged the demand for the Cyber security industry. Furthermore, the rising IPv6 adoption has increased security solutions and services. The requirement to improve the critical infrastructure owing to the advanced persistent threats has promoted governmental organizations to reform the current security solutions and enhance their security strategies. Increasing technologies such as ML, IoT and AI have increased data generation in several forms. There is a large amount of data produced every day in the industries. Such factors have accelerated those industries to safeguard them with potential Cyber Security solutions. The increased data sharing and vulnerabilities of the organizations have escalated the demand for the Cyber Security market growth. The usage of the internet and accessing vital data and sharing them through cloud-based solutions has been exponentially increasing in various industrial sectors. The industries such as retail, telecom, banking, which highly depend on processes such as assimilating, and storing a huge amount of data, have fueled the demand for the cyber security market growth. In the year 2019, the designing application canvas has identified a threat which exposed the vital information of over 137 million users. Such incidents have surged the demand for the Cyber security market growth. The increasing interconnected platforms to improve productivity have resulted in security breaches. The Bring-your-own-device and the increasing popularity of social media have driven the industries to protect the gaps among interconnections. Also, the digital applications which are installed in the organization are key vulnerabilities. Such factors have escalated the demand for the cyber security market. Apart from this, the limited cybersecurity budget and huge installation cost will likely to impede the market growth.
As enterprises among verticals deploy IoT devices to enhance operational efficiency and improve communication, IoT traffic is projected to increase in the coming years. The rising adoption of these IoT devices has widened the scope of attacks for cybercriminals which has provided lucrative opportunities for the market.
The global Cybersecurity Market is segregated on the basis of component as Solutions and Services. Based on Deployment the global Cybersecurity Market is segmented in Cloud and On-premises. Based on User Type the global Cybersecurity Market is segmented in Large Enterprises and Small & Medium Enterprises. Based on Industry Vertical the global Cybersecurity Market is segmented in Telecom, Automotive, BFSI, Public Sector, Retail, Healthcare, IT, Energy & Utilities, Manufacturing and Others.
The global Cybersecurity Market report provides geographic analysis covering regions, such as Europe, North America, Asia Pacific, and Rest of The World. The Cybersecurity Market for each region is further segmented for major countries including the U.S., Canada, Germany, the U.K., France, Italy, China, India, Japan, Brazil, South Africa, and others.
Competitive Analysis
Avast Software, Booz Allen Hamilton, CA Technologies, Inc., Check Point Software Technologies Ltd., Cisco Systems, Inc. and others are among the major players in the global Cybersecurity Market. The companies studied in terms of product strategy and various n several growth and expansion strategies to gain a competitive edge in the market. The major players not only follow value chain integration with business operations in multiple stages of the value chain.
The global Cybersecurity Market has been segmented as below:
Cybersecurity Market, By Component
Cybersecurity Market, By Deployment
Cybersecurity Market, By User Type
Cybersecurity Market, By Industry Vertical
Cybersecurity Market, By Region
Cybersecurity Market, By Company
The report covers the below scope:
The years considered for the study are as follows:
Report Scope:
The global Cybersecurity Market report scope includes detailed study covering underlying factors influencing the industry trends. The report covers analysis on regional and country level market dynamics. The scope also covers competitive overview providing company market shares along with company profiles for major revenue contributing companies. The report scope includes detailed competitive outlook covering market shares and profiles key participants in the global Cybersecurity Market share. Major industry players with significant revenue share include Avast Software, Booz Allen Hamilton, CA Technologies, Inc., Check Point Software Technologies Ltd., Cisco Systems, Inc. and others.
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1. Introduction
1.1. Key Points
1.2. Report Description
1.3. Markets Covered
1.4. Stakeholders
2. Research Methodology
2.1. Research Scope
2.2. Research Methodology
2.2.1. Market Research Process
2.2.2. Research Methodology
2.2.2.1. Secondary Research
2.2.2.2. Primary Research
2.2.2.3. Models for Estimation
2.3. Market Size Estimation
2.3.1. Bottom-Up Approach
2.3.2. Top-Down Approach
3. Executive Summary
4. Market Overview
4.1. Introduction
4.2. Drivers
4.3. Restraints
4.4. Opportunities
4.5. Challenges
5. Cybersecurity Market, By Component
5.1. Key Points
5.2. Solutions
5.3. Services
6. Cybersecurity Market, By Deployment
6.1. Key Points
6.2. Cloud
6.3. On-premises
7. Cybersecurity Market, By User Type
7.1. Key Points
7.2. Large Enterprises
7.3. Small & Medium Enterprises
8. Cybersecurity Market, By Industry Vertical
8.1. Key Points
8.2. Telecom
8.3. Automotive
8.4. BFSI
8.5. Public Sector
8.6. Retail
8.7. Healthcare
8.8. IT
8.9. Energy & Utilities
8.10. Manufacturing
8.11. Others
9. Competitive Landscape
9.1. Introduction
9.2. Start-up companies- Cybersecurity Market
9.3. Recent Developments
9.3.1. Mergers & Acquisitions
9.3.2. New Product Developments
9.3.3. Portfolio/Production Capacity Expansions
9.3.4. Joint Ventures, Collaborations, Partnerships & Agreements
9.3.5. Others
10. Company Profile
10.1. Avast Software
10.2. Booz Allen Hamilton
10.3. CA Technol
10.4. ogies, Inc.
10.5. Check Point Software Technologies Ltd.
10.6. Cisco Systems, Inc.
10.7. CSC
10.8. Deloitte LLP
10.9. Forcepoint LLC.
10.10.F-Secure Corporation
10.11. IBM Corporation
10.12. Juniper Networks, Inc.
10.13. Kaspersky Lab
10.14. Lockheed Martin Corporation
10.15. McAfee, Inc.
10.16. Microsoft Corporation
10.17. Northrop Grumman Corp.
10.18.Panda Security
10.19. SafeNet, Inc
10.20. Sophos PLC
Cybersecurity Market, By Component
Cybersecurity Market, By Deployment
Cybersecurity Market, By User Type
Cybersecurity Market, By Industry Vertical
Cybersecurity Market, By Company