The global cybersecurity market is expected to witness high adoption, owing to rapid digitalization, higher spending on information security, and the advent of 5G. Various industrial and commercial sectors are implementing cybersecurity solutions to safeguard their data. The market is anticipated to expand at a compound annual growth rate (CAGR) of 11.6% during the period of 2017 to 2022.
Solution segment insights:
Governance, risk and compliance solutions occupied a market share of 51% in 2017, as most of the global compliance norms necessitates data security. Government departments are the largest consumers of these solutions as they need to maintain huge volumes of data, including information of the citizens, government strategies and planning, etc.
Identity and access management (IAM) solutions also occupy a large share (26%) of the market. Stolen credentials of employees is the leading facilitator of system hacking cases and data breach incidents, which is expected to cost businesses around USD 2 Tn by 2019, globally. Hence, stronger mechanisms such as multi-factor and biometric authentication are witnessing a rapid adoption. Encryption solutions is gaining grounds due to proliferation of data shared on social media and stored in virtual storage devices. It is expected to expand at a CAGR of 17.9% during the forecast period.
End use industry segment insights:
The financial services industry is the largest consumer of cybersecurity solutions, with a global share of 39% in 2017. With the digitalization of financial services, cyberattacks continue to threaten data privacy and customer loyalty. Advancements in machine learning and analytics allow financial organizations to detect abnormalities in transaction of data, and take necessary corrective actions. Sectors such as government, telecommunications, and healthcare occupy 20%, 16%, and 15% of the market, respectively, in 2017. High growth is expected in the defense sector during the forecast period due to increasing use of Internet of Things (IoT) to connect aircraft, ground vehicles, ships, and weapons systems.
Regional insights:
North America has shown the highest adoption of cybersecurity products, and occupied approximately 37% of the global market in 2017. Across the United States (U.S.), private and public agencies are implementing cybersecurity systems in order to safeguard their stakeholders. Recently, the U.S. Defense Secretary established a task force to recommend ways to curb theft of critical technologies by adversary countries. Europe and Asia-Pacific comprised 25% and 20%, respectively, of the global cybersecurity market. Since the adoption of the European Union's (EU's) cybersecurity strategy in 2013, the European Commission has pushed up its activities and efforts to provide better security to Europeans in various online activities. The Latin America market has started to pick up as the Brazilian government signed a contract in 2017 with Microsoft to update its cybersecurity systems in order tackle the repeated cyberattacks coming from WannaCry ransomware.
Companies covered:
1. Symantec Corporation
2. Check Point Technology Ltd.
3. Palo Alto Networks
4. Fortinet
5. FireEye
6. Trend Micro Inc.
7. Proofpoint Corp.
8. KPMG
9. IBM Corp.
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Chapter 1. Executive summary
1.1. Market scope and segmentation
1.2. Key questions answered
1.3. Executive summary
Chapter 2. Global cybersecurity market - overview
2.1. Global market overview - historical (2014-2016) and forecasted (2017-2022) market size (USD Bn), geography-wise market revenue (USD Bn), and market attractiveness analysis
2.2. Global market drivers
2.3. Global market trends
2.4. Global market challenges
2.5. Value chain analysis
2.6. Porter's five forces analysis
2.7. Market segmentation based on solutions (identity and access management [IAM], encryption, governance, risk and compliance, unified threat management [UTM], and security information and event management [SIEM]) - historical (2014-2016) and forecasted (2017-2022) market size (USD Bn), market observations, and influencing factors
2.9. Market segmentation based on revenue models (aerospace, financial services, telecommunication, healthcare, and others) - historical (2014-2016) and forecasted (2017-2022) market size (USD Bn), market observations, and influencing factors
Chapter 3. Global cybersecurity market based on identity and access management (IAM) solutions
3.1. Global market overview - historical (2014-2016) and forecasted (2017-2022) market size (USD Bn), drivers, trends, and challenges
3.2. North America market overview - historical (2014-2016) and forecasted (2017-2022) market size (USD Bn), key market observations
3.3. Europe market overview - historical (2014-2016) and forecasted (2017-2022) market size (USD Bn), key market observations
3.4. Asia-Pacific market overview - historical (2014-2016) and forecasted (2017-2022) market size (USD Bn), key market observations
3.5. Latin America market overview - historical (2014-2016) and forecasted (2017-2022) market size (USD Bn), key market observations
3.6. The Middle East and Africa market overview - historical (2014-2016) and forecasted (2017-2022) market size (USD Bn), key market observations
Chapter 4. Global cybersecurity market based on encryption solutions
4.1. Global market overview - historical (2014-2016) and forecasted (2017-2022) market size (USD Bn), drivers, trends, and challenges
4.2. North America market overview - historical (2014-2016) and forecasted (2017-2022) market size (USD Bn), key market observations
4.3. Europe market overview - historical (2014-2016) and forecasted (2017-2022) market size (USD Bn), key market observations
4.4. Asia-Pacific market overview - historical (2014-2016) and forecasted (2017-2022) market size (USD Bn), key market observations
4.5. Latin America market overview - historical (2014-2016) and forecasted (2017-2022) market size (USD Bn), key market observations
4.6. The Middle East and Africa market overview - historical (2014-2016) and forecasted (2017-2022) market size (USD Bn), key market observations
Chapter 5. Global cybersecurity market based on global governance, risk and compliance solutions
5.1. Global market overview - historical (2014-2016) and forecasted (2017-2022) market size (USD Bn), drivers, trends, and challenges
5.2. North America market overview - historical (2014-2016) and forecasted (2017-2022) market size (USD Bn), key market observations
5.3. Europe market overview - historical (2014-2016) and forecasted (2017-2022) market size (USD Bn), key market observations
5.4. Asia-Pacific market overview - historical (2014-2016) and forecasted (2017-2022) market size (USD Bn), key market observations
5.5. Latin America market overview - historical (2014-2016) and forecasted (2017-2022) market size (USD Bn), key market observations
5.6. The Middle East and Africa market overview - historical (2014-2016) and forecasted (2017-2022) market size (USD Bn), key market observations
Chapter 6. Global cybersecurity market based on unified threat management (UTM) solutions
6.1. Global market overview - historical (2014-2016) and forecasted (2017-2022) market size (USD Bn), drivers, trends, and challenges
6.2. North America market overview - historical (2014-2016) and forecasted (2017-2022) market size (USD Bn), key market observations
6.3. Europe market overview - historical (2014-2016) and forecasted (2017-2022) market size (USD Bn), key market observations
6.4. Asia-Pacific market overview - historical (2014-2016) and forecasted (2017-2022) market size (USD Bn), key market observations
6.5. Latin America market overview - historical (2014-2016) and forecasted (2017-2022) market size (USD Bn), key market observations
6.6. The Middle East and Africa market overview - historical (2014-2016) and forecasted (2017-2022) market size (USD Bn), key market observations
Chapter 7. Global cybersecurity market based on security information and event management (SIEM) solutions
7.1. Global market overview - historical (2014-2016) and forecasted (2017-2022) market size (USD Bn), drivers, trends, and challenges
7.2. North America market overview - historical (2014-2016) and forecasted (2017-2022) market size (USD Bn), key market observations
7.3. Europe market overview - historical (2014-2016) and forecasted (2017-2022) market size (USD Bn), key market observations
7.4. Asia-Pacific market overview - historical (2014-2016) and forecasted (2017-2022) market size (USD Bn), key market observations
7.5. Latin America market overview - historical (2014-2016) and forecasted (2017-2022) market size (USD Bn), key market observations
7.6. The Middle East and Africa market overview - historical (2014-2016) and forecasted (2017-2022) market size (USD Bn), key market observations
Chapter 8. Global cybersecurity market based on aerospace and defense end use industry
8.1. Global market overview - historical (2014-2016) and forecasted (2017-2022) market size (USD Bn), drivers, trends, and challenges
8.2. North America market overview - historical (2014-2016) and forecasted (2017-2022) market size (USD Bn), key market observations
8.3. Europe market overview - historical (2014-2016) and forecasted (2017-2022) market size (USD Bn), key market observations
8.4. Asia-Pacific market overview - historical (2014-2016) and forecasted (2017-2022) market size (USD Bn), key market observations
8.5. Latin America market overview - historical (2014-2016) and forecasted (2017-2022) market size (USD Bn), key market observations
8.6. The Middle East and Africa market overview - historical (2014-2016) and forecasted (2017-2022) market size (USD Bn), key market observations
Chapter 9. Global cybersecurity market based on financial services end use industry
9.1. Global market overview - historical (2014-2016) and forecasted (2017-2022) market size (USD Bn), drivers, trends, and challenges
9.2. North America market overview - historical (2014-2016) and forecasted (2017-2022) market size (USD Bn), key market observations
9.3. Europe market overview - historical (2014-2016) and forecasted (2017-2022) market size (USD Bn), key market observations
9.4. Asia-Pacific market overview - historical (2014-2016) and forecasted (2017-2022) market size (USD Bn), key market observations
9.5. Latin America market overview - historical (2014-2016) and forecasted (2017-2022) market size (USD Bn), key market observations
9.6. The Middle East and Africa market overview - historical (2014-2016) and forecasted (2017-2022) market size (USD Bn), key market observations
Chapter 10. Global cybersecurity market based on telecommunication end use industry
10.1. Global market overview - historical (2014-2016) and forecasted (2017-2022) market size (USD Bn), drivers, trends, and challenges
10.2. North America market overview - historical (2014-2016) and forecasted (2017-2022) market size (USD Bn), key market observations
10.3. Europe market overview - historical (2014-2016) and forecasted (2017-2022) market size (USD Bn), key market observations
10.4. Asia-Pacific market overview - historical (2014-2016) and forecasted (2017-2022) market size (USD Bn), key market observations
10.5. Latin America market overview - historical (2014-2016) and forecasted (2017-2022) market size (USD Bn), key market observations
10.6. The Middle East and Africa market overview - historical (2014-2016) and forecasted (2017-2022) market size (USD Bn), key market observations
Chapter 11. Global cybersecurity market based on healthcare end use industry
11.1. Global market overview - historical (2014-2016) and forecasted (2017-2022) market size (USD Bn), drivers, trends, and challenges
11.2. North America market overview - historical (2014-2016) and forecasted (2017-2022) market size (USD Bn), key market observations
11.3. Europe market overview - historical (2014-2016) and forecasted (2017-2022) market size (USD Bn), key market observations
11.4. Asia-Pacific market overview - historical (2014-2016) and forecasted (2017-2022) market size (USD Bn), key market observations
11.5. Latin America market overview - historical (2014-2016) and forecasted (2017-2022) market size (USD Bn), key market observations
11.6. The Middle East and Africa market overview - historical (2014-2016) and forecasted (2017-2022) market size (USD Bn), key market observations
Chapter 12. Global cybersecurity market based on other end use industries
12.1. Global market overview - historical (2014-2016) and forecasted (2017-2022) market size (USD Bn), drivers, trends, and challenges
12.2. North America market overview - historical (2014-2016) and forecasted (2017-2022) market size (USD Bn), key market observations
12.3. Europe market overview - historical (2014-2016) and forecasted (2017-2022) market size (USD Bn), key market observations
12.4. Asia-Pacific market overview - historical (2014-2016) and forecasted (2017-2022) market size (USD Bn), key market observations
12.5. Latin America market overview - historical (2014-2016) and forecasted (2017-2022) market size (USD Bn), key market observations
12.6. The Middle East and Africa market overview - historical (2014-2016) and forecasted (2017-2022) market size (USD Bn), key market observations
Chapter 13. Regional cybersecurity markets
13.1. North America market overview - historical (2014-2016) and forecasted (2017-2022) market size (USD Bn), drivers, and trends
13.2. Europe market overview - historical (2014-2016) and forecasted (2017-2022) market size (USD Bn), drivers, and trends
13.3. Asia-Pacific market overview - historical (2014-2016) and forecasted (2017-2022) market size (USD Bn), drivers, and trends
13.4. Latin America market overview - historical (2014-2016) and forecasted (2017-2022) market size (USD Bn), drivers, and trends
13.5. The Middle East and Africa market overview - historical (2014-2016) and forecasted (2017-2022) market size (USD Bn), drivers, and trends
Chapter 14. Competitive landscape
14.1. Symantec Corporation
14.1.a. Company snapshot
14.1.b. Product and services
14.1.c. Growth strategy
14.1.d. Recent initiatives
14.1.e. Geographical presence
14.1.f. Geographic share of revenue
Note: Similar information areas will be covered for the remaining competitors
14.2. Check Point Technology Ltd.
14.3. Palo Alto Networks
14.4. Fortinet
14.5. FireEye
14.6. Trend Micro Inc.
14.7. Proofpoint Corp.
14.8. KPMG
14.9. IBM Corp.
Chapter 15 Conclusion
15.1. Future outlook
Appendix
• List of tables
• Research methodology
• Assumptions
• About Netscribes Inc.
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