Global Cybersecurity Market Insights, Size and Growth Forecast To 2027

Published: May 2020	Report ID: IACT2005	Pages: 1 - 107	Formats^*:
Category : Information & Communications Technology

Global Cybersecurity Market: Overview

Cybersecurity is the protection of internet-connected systems from unauthorized access or attacks. These systems include personal devices such as computers, mobile devices, and tablets, as well as organizational infrastructures such as networks, databases, and sensitive facilities. Their purpose may be to steal sensitive data, such as bank card and credit card information, to violate personal privacy, destroy infrastructure, etc.

Global Cybersecurity Market: Insights

The global Cybersecurity market has the potential to grow with USD 380.52 billion with historical CAGR in the forecast period from 2020-2027. The factors that are driving the market demand of global cybersecurity are AI, IoT, BYOD, and machine learning that helps in the identification of outliers. Thus, propelling the market demand for the global cybersecurity market.

Additionally, the rise in the emergence of cyber threats, malware, and variants appears frequently threatens the network security of enterprise users and is driving the cybersecurity market. The demand for network security products and services continues to grow, and more and more companies are involved in network security.

Cybersecurity is one of the significant needs for today’s time when the prevalence of smartphones and the use of the internet and other IoT used in cars, machines, connectors, consumer electronics, and wearables are emerging the market demand for cybersecurity. Also, with the rise in smart city projects, emerging business models and various applications are reducing the cost of devices with the adoption of IoT. Therefore, they are contributing to raising the market demand for cybersecurity.

Furthermore, with the outbreak of coronavirus, the whole world is taking precautionary measures and closed schools, offices, and other places where there are high chances of spreading the virus, people have the only reliable source, which is the internet. All the functions and business are taking place through video communication platforms. Companies such as skype, zoom, windows, google are rapidly increasing. Thus, this increases the risk of cybersecurity to secure the data of an individual.

Additionally, the increasing cases of cybercrimes and breaching of data through the internet are also emerging the market demand for cybersecurity. The data which is stolen, damaged, destructed, lost property, or intellectual property theft affect the GDP of the country. The US Department of Homeland Security (DHS) Cybersecurity and the United Kingdom’s National Cyber Security Centre (NCSC) and the Infrastructure Security Agency (CISA) are monitoring the apps like zoom are phishing and distributing malware and creating the threat of stealing data. Thus, bolstering the market demand for the global cybersecurity market. Today with emerging external and in-house threat organization needs to adopt authenticated solutions and services. The robust authenticated functionality will help in authenticating the access and exit of employees and improves the internal network functioning and application operations. Therefore, companies are adopting authentic techniques to avoid cyber risks and help in choosing cybersecurity solutions.

The SPER market research report of the Cybersecurity market includes all integrated approaches to the growth of the market, along with an accurate & elaborate analysis of the complete competitive situation of this market on a global level. Besides the current analytical & statistical account, the report cloaks the trends market drivers, challenges, potential opportunities, which affect the market. This market report discusses the present situation to predicted trends & aspects of the growth of the Cybersecurity market. Furthermore, it gives a dynamic overview & insights related to the market at both global as well as regional scales.

Global Cybersecurity Market: Product Type Insight

Based on the product type, the global cybersecurity market categorized into Solutions, Services. The service segment accounted for the largest share in the global cybersecurity market. It is mainly owing to the rising adoption of cloud-based services that helps in providing better security, accessibility, and flexibility to manage the critical infrastructure of the company. Moreover, the solutions segment will dominate the market in the forecast period. It is due to the increasing external threats for both small scale enterprises and large-scale enterprises. Therefore, the emerging need for monitoring the in-house or external threat is propelling the market demand for the global cybersecurity market

Global Cybersecurity Market: Deployment Type Insights

Based on the deployment, the global cybersecurity market bifurcated into On-cloud, On-premise. The on-cloud segment is estimated to account for the largest share of the cybersecurity market in the forecast period. The emerging rise in the adoption of cloud premise is due to its cost-effective nature that does not require any maintenance of hardware and installation of software. Also, small and large enterprises prefer on-cloud premises; thus, it helps their operations and functioning at a better speed.

Global Cybersecurity Market: End-User Insights

Based on the end-user, the global cybersecurity market classified into Aerospace, Defense & Intelligence, Banking, Financial Services & Insurance (BFSI), Healthcare, Manufacturing, Retail, Public Utility, IT and Telecommunication. The Banking, Financial Services & Insurance (BFSI), segment has dominated the largest share in the global cybersecurity market. It is mainly due to the adoption of advancement in technology, smartphones, internet banking, cloud are bolstering the market demand for the global cybersecurity market. Also, BFSI needs digital privacy and sealed security for maintaining their financial services to enhance customer services.

Global Cybersecurity Market: Regional Insight

Based on geography, the global cybersecurity market segmented into North America, Europe, Asia Pacific, South America, and Middle East & Africa. Europe region is dominating the market share of the global cybersecurity market. It is mainly owing to the economic development, adoption of cloud-based service, emerging globalization, the prevalence of the internet, and bolstering demand for smartphones are rising the need for cybersecurity in the European market.

The report presents a detailed assessment of the various factors influencing the market's trajectory into 2020 and 2027. It covers all the crucial information of the leading companies operating in the global Cybersecurity market. Besides highlighting the product offerings, the report also calculates revenue generated over the period and their position in the market.

REPORT HIGHLIGHTS

Overview of key market forces restraining and propelling market growth.
Provide demand, current & past status & also the forecasting up to 2027.
Provide complete overview including, product type, deployment type, end-user & forecast region.
Provide focused analysis of key service providers with their market share & also help to identify market competition landscape with SWOT analysis.
Historical, current, and projected market size in terms of value.
Analyse the global & regional potential market, advantages, risk & opportunity.
Identify significant factors and trends driving or inhibiting the market growth.
In-depth coverage of the complete market in terms of supplier, buyer, price, trend, growth & forecasting.

THE REPORT COVERS ANALYSIS OF CYBERSECURITY MARKET, BY PRODUCT TYPE

Solutions
Services

THE REPORT COVERS ANALYSIS OF CYBERSECURITY MARKET, BY DEPLOYMENT TYPE

On-Premises
On -Cloud

THE REPORT COVERS ANALYSIS OF CYBERSECURITY MARKET, BY END-USER

Aerospace, Defense & Intelligence
Banking, Financial Services & Insurance (BFSI)
Healthcare
Manufacturing
Retail
Public Utility
IT and Telecommunication
Others

THE REPORT COVERS EXHAUSTIVE ANALYSIS ON

Market Segments
Market Dynamics
Brands in Market
Market Size
Current Trends/Issues/Challenges
Competition & Companies Involved
Forecasting
Technology

THE REPORT INCLUDES REGIONAL ANALYSIS ON

North America (Canada, US, Mexico, & Rest of North America Available)
Asia-Pacific (China, India, South Korea, Japan & Rest of Asia Pacific Available)
Europe (Germany, Spain, France, United Kingdom & Rest of Europe Available)
Central & South America (Brazil, Argentina & Rest of South America Available)
Middle East & Africa (GCC Countries, South Africa, & Rest of MEA available)

KEY PLAYERS OF CYBERSECURITY MARKET

Adobe Systems
AWS
Check Point Software Technologies
Cisco Systems
Cyberark
F5 Networks
Fireeye
Forcepoint
Fortinet
F-Secure
IBM Corporation
Imperva
Juniper Networks
McAfee
Micro Focus
Microsoft
Oracle
Palo Alto Networks
Proofpoint
Qualys
Rapid7
RSA Security
Sophos
Others Prominent Players

1. Introduction

2. Research Methodology

3. Executive Summary

4. Market Overview

4.1. Introduction
4.2. Market Dynamics

4.2.1. Drivers
4.2.2. Restraints
4.2.3. Opportunities
4.2.4. Challenges

4.3. COVID-19 Impact of the Cybersecurity Market
4.4. Market Trends

5. Global Cybersecurity Market, By Product Type, 2021-2027 (USD Million)

5.1. Solution

5.1.1. Encryption
5.1.2. Data Loss Prevention
5.1.3. Unified Threat Management
5.1.4. Firewall
5.1.5. Antivirus/Antimalware
5.1.6. Intrusion Detection System/Intrusion Prevention System
5.1.7. Security and Vulnerability Management
5.1.8. Disaster Recovery
5.1.9. Web Filtering
5.1.10. Identity & Access Management
5.1.11. Risk & Compliance Management
5.1.12. DDS Management

5.2. Services

5.2.1. Professional Services
5.2.2. Managed Services

6. Global Cybersecurity Market, By Deployment, 2021-2027 (USD Million)

6.1. On-cloud
6.2. On-premise

7. Global Cybersecurity Market, By End User, 2021-2027 (USD Million)

7.1. Aerospace
7.2. Defense &Intelligence
7.3. Banking, Financial Service & Insurance
7.4. Healthcare
7.5. Manufacturing
7.6. Retail
7.7. Public Utility
7.8. IT and Telecommunication

8. Global Cybersecurity Market, By Geography, 2021-2027 (USD Million)

8.1. North America

8.1.1. US
8.1.2. Canada

8.2. Europe

8.2.1. Germany
8.2.2. UK
8.2.3. France
8.2.4. Italy
8.2.5. Spain
8.2.6. Rest of Europe

8.3. Asia-Pacific

8.3.1. China
8.3.2. Japan
8.3.3. India
8.3.4. Rest of Asia-Pacific

8.4. Rest of the World

8.4.1. Latin America
8.4.2. Middle East & Africa

9. Competitive Landscape

9.1. Introduction
9.2. Market Share Analysis, By Key Players (2019)
9.3. Competitive Scenario

9.3.1. Product Launches
9.3.2. Partnerships, Collaborations and Agreements
9.3.3. Acquisitions
9.3.4. Expansions
9.3.5. Other Developments

10. Company Profiles

10.1. Check Point Software Technologies Ltd.
10.2. Cisco Systems, Inc.
10.3. CyberArk Software Ltd.
10.4. F5 Networks, Inc.
10.5. FireEye, Inc.
10.6. Fortinet, Inc.
10.7. IBM
10.8. Imperva Inc
10.9. Intel
10.10. Juniper Networks, Inc.
10.11. Microsoft Corporation
10.12. Oracle
10.13. Palo Alto Networks, Inc.
10.14. RSA Security LLC.
10.15. Splunk Inc.
10.16. Symantec Corporation

11. Appendix

SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.

The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.

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