The Global Cybersecurity Market was valued at USD 122.53 billion in 2016 and is projected to reach USD 325.10 billion by 2025, growing at a CAGR of 11.45% from 2017 to 2025.
Cybersecurity is the body of technologies, processes and practices designed to protect networks, computers, programs and data from attack, damage or unauthorized access. In a computing context, security includes both cybersecurity and physical security. Benefits of cybersecurity includes – improved security of cyberspace, increase in cyber defense, increase in cyber speed, protecting company data and information, protects systems and computers against virus, worms, malware and spyware, and protects networks and resources.
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1. Market Drivers
1.1 Increasing insider cyber threats
1.2 Increasing demand for data privacy
1.3 Rising cyber terrorism
1.4 Growing threat landscape due to third-party application deployment
2. Market Restraints
2.1 Constantly increasing cyber threats
2.2 Adoption of pirated cybersecurity solutions
The Global Cybersecurity Market is segmented on the service type, component, deployment model, organization size, application, and region.
1. By Service Type:
1.1 Wireless security
1.2 Application security
1.3 Network security
1.4 Endpoint security
1.5 Cloud security
2. By Component:
2.1.1 Security Information and Event Management
2.1.2 Security and vulnerability management
2.1.5 Risk and compliance management
2.1.6 Identity and Access Management
2.1.8 Data Loss Prevention
2.1.9 Unified Threat Management
2.1.10 Intrusion Detection System /Intrusion Prevention System
2.1.11 Disaster recovery
2.1.12 Distributed Denial of Service mitigation
2.2.1 Managed Service
2.2.2 Professional Service
18.104.22.168 Risk and threat assessment
22.214.171.124 Support and maintenance
126.96.36.199 Training and education
188.8.131.52 Design and integration
3. By Deployment Model:
4. By Organization Size:
4.1 Large Companies
4.2 Small and Medium Businesses
5. By Application:
5.2 IT and Telecommunications
5.3 Banking, Financial Services, and Insurance (BFSI)
5.6 Aerospace and Defense
6. By Region:
6.1 North America (U.S., Canada, Mexico)
6.2 Europe (Germany, UK, France, Rest of Europe)
6.3 Asia Pacific (China, India, Japan, Rest of Asia Pacific)
6.4 Latin America (Brazil, Argentina, Rest of Latin America)
6.5 Middle East & Africa
The major players in the market are as follows:
1. IBM Corporation
3. Trend Micro
4. Cisco Systems
7. Check Point Software Technologies Ltd.
8. Juniper Networks, Inc.
9. Symantec Corporation
10. Palo Alto Networks
11. McAfee LLC
These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
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RESEARCH METHODOLOGY OF VERIFIED MARKET RESEARCH:
Research study on the Global Cybersecurity Market was performed in five phases which include Secondary research, Primary research, subject matter expert advice, quality check and final review.
The market data was analyzed and forecasted using market statistical and coherent models. Also market shares and key trends were taken into consideration while making the report. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis.
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