Global Cybersecurity Market likely to drive by increasing instances of online threats and growing need for strict compliance with regulatory requirements
The global cybersecurity market accounted for revenue over USD 192 billion in 2019 and estimated to reach more than USD 218.9 billion by 2027, with a CAGR of over 6.56% during the forecast period, 2020-2027. Owing to the growing penetration of internet users among the developing and developed countries along with the rise in demand for security solutions in financial and banking services sectors, and aerospace defence sector. The rapid development and popularity of big data, artificial intelligence, and the Internet of Things have made the dangers of cyber-attacks more realistic and more significant. Therefore, the proportion of cybersecurity and informatization investment is continuously increasing, opening a comprehensive cybersecurity market.
The continuously increasing number of targeted attacks is driving the growth in cybersecurity services as venture capital firms and governments continued to invest significant money into cybersecurity companies.
Government across the globe have put cybercrime at the top of the list as cyber-attacks are growing exponentially and putting potential threats to national security. They are spending more money on new ways to protect themselves against such risks. Additionally, the rising popularity of digitalization has forced organizations to rely extensively on the digitized information coupled with the sharing of a vast amount of data in an external and internal environment and across the globe has made organizations to fall prey to cybercrime attacks.
The emergence of IoT and BYOD trend among organizations, and the increasing number of mobile devices among organizations will make more vulnerable towards cyber-attacks, which led to augment the global cybersecurity market in the projected period. Further, the surge in the utilization of emerging technologies in the banking, retail, information technology, defence, and automotive sectors have offered new options for cyber-attackers.
Components Overview in the Global Cybersecurity Market
Based on the component, the global cybersecurity market bifurcated into Solution and Service. The solution segment likely to lead the market by 2027, as it provides the most secure solution through identity and access management, security and vulnerability management, unified threat management, and intrusion detection systems.
Solution Overview in the Global cybersecurity market
Based on the solution, the global Cybersecurity market segmented into Threat Intelligence, Unified Threat Management, Data Loss Prevention, Antivirus/Antimalware, Intrusion Detection Systems, and Others (Firewall, Disaster Recovery, Web Filtering, etc.). The Threat Intelligence segment estimated to exhibit maximum revenue by 2027 due to the increasing popularity of connected devices (BYOD) and IoT.
Security Type Overview in the Global Cybersecurity Market
Based on security type, the global cybersecurity market classified into Network Security, Endpoint Security, Application Security, Cloud Security, and Others (Content Security, ICS Security, Database Security, and Web Security, etc.). The Network Security segment projected to lead the market due to its security benefits for traditional products such as firewalls, identity authentication, terminal security management, and security management platforms, emerging products such as cloud security, big data security, and industrial control security.
Deployment Overview in the Global Cybersecurity Market
Based on deployment, the global cybersecurity market bifurcated into Cloud-based and On-premise. Cloud-based segments estimated to dominate the market by 2027 due to rapidly accepted by various enterprises, as critical data stored on the cloud across various verticals.
Industry Verticals Overview in the Global Cybersecurity Market
Based on Industry verticals, the global cybersecurity market categorized into BFSI, IT and Telecom, Manufacturing, Government and Defense, Healthcare and Others (Energy and Utilities, Retail, Media & Entertainment, etc. The BFSI segment will lead the market on account of increased cybercrime activities, and the BFSI sector is among the vital factors of economics. Its safety is a matter of deep concern.
Regional Overview in the Global Cybersecurity Market
By geography, the Global cybersecurity Market segmented into North America, Europe, Asia Pacific, Middle East & Africa, and South America. North America anticipated dominating the market owing to the growing awareness regarding cybersecurity among small and medium organizations and the presence of key market players in the region.
Global Cybersecurity Market: Competitive Landscape
Companies such as IBM Corporation, Symantec, Check Point Software Technologies, Cisco Systems, Trend Micro, Sophos, Rapid7, McAfee, Micro Focus, Microsoft, Imperva, Splunk, F5 Networks, Proofpoint, RSA Security, Juniper Networks, and Oracle are the key players in the Global Cybersecurity Market.
Global Cybersecurity Market
Report Content
1. Research Strategic Development
1.1. Market Modelling
1.2. Product Analysis
1.3. Market Trend and Economic Factors Analysis
1.4. Market Segmental Analysis
1.5. Geographical Mapping
1.6. Country Wise Segregation
2. Research Methodology
2.1. Identification of Target Market
2.2. Data Acquisition
2.3. Refining of Data/ Data Transformations
2.4. Data Validation through Primary Techniques
2.5. Exploratory Data Analysis
2.6. Graphical Techniques/Analysis
2.7. Quantitative Techniques/Analysis
2.8. Visual Result/Presentation
3. Executive Summary
4. Market Insights
4.1. Economic Factor Analysis
4.1.1. Drivers
4.1.2. Trends
4.1.3. Opportunities
4.1.4. Challenges
4.2. Competitors & Product Analysis
4.3. Technological Landscape
4.4. Regulatory Framework
4.5. Company market share analysis, 2019
4.6. Porter's Five forces analysis
4.7. New Investment Analysis
4.8. PESTEL Analysis
5. Global Cybersecurity Market Overview
5.1. Market Size & Forecast, 2016-2027
5.1.1. By Value (USD Million)
5.2. Market Share & Forecast, 2016-2027
5.2.1. By Component
5.2.1.1. Solution
5.2.1.2. Service
5.2.2. By Solution
5.2.2.1. Threat Intelligence
5.2.2.2. Unified Threat Management
5.2.2.3. Data Loss Prevention
5.2.2.4. Antivirus/Antimalware
5.2.2.5. Intrusion Detection Systems
5.2.2.6. Others (Firewall, Disaster Recovery, Web Filtering, etc.)
5.2.3. By Services
5.2.3.1. Professional Services
5.2.3.2. Managed Security Services
5.2.4. By Security Type
5.2.4.1. Network Security
5.2.4.2. Endpoint Security
5.2.4.3. Application Security
5.2.4.4. Cloud Security
5.2.4.5. Others (Content Security, ICS Security, Database Security, and Web Security, etc.)
5.2.5. By Deployment
5.2.5.1. Cloud-based
5.2.5.2. On-premise
5.2.6. By Organization Size
5.2.6.1. SMEs
5.2.6.2. Large Enterprises
5.2.7. By Industry Verticals
5.2.7.1. BFSI
5.2.7.2. IT and Telecom
5.2.7.3. Manufacturing
5.2.7.4. Government and Defense
5.2.7.5. Healthcare
5.2.7.6. Others (Energy and Utilities, Retail, Media & Entertainment, etc.)
5.2.8. By Region
5.2.8.1. North America
5.2.8.2. Europe
5.2.8.3. Asia Pacific
5.2.8.4. South America
5.2.8.5. Middle East & Africa
6. North America Cybersecurity Market Overview
6.1. North America Cybersecurity Market Size & Forecast, 2016-2027
6.1.1. By Value (USD Million)
6.2. North America Cybersecurity Market Share & Forecast, 2016-2027
6.2.1. By Component (Solution and Service)
6.2.2. By Solution (Threat Intelligence, Unified Threat Management, Data Loss Prevention, Antivirus/Antimalware, Intrusion Detection Systems, and Others (Firewall, Disaster Recovery, Web Filtering, etc.))
6.2.3. By Services (Professional Services, and Managed Security Services)
6.2.4. By Security Type (Network Security, Endpoint Security, Application Security, Cloud Security and Others (Content Security, ICS Security, Database Security, and Web Security, etc.))
6.2.5. By Deployment (Cloud-based and On-premise)
6.2.6. By Organization Size (SMEs and Large Enterprises)
6.2.7. By Organization Size (SMEs and Large Enterprises)
6.2.8. By Industry Vertical (BFSI, IT and Telecom, Manufacturing, Government and Defense, Healthcare and Others (Energy and Utilities, Retail, Media & Entertainment, etc.))
6.2.9. By Country
6.2.9.1. US
6.2.9.2. Canada
6.2.9.3. Mexico
6.2.10. Company Market Share (Top 3-5)
6.2.11. Economic Impact Study on North America Cybersecurity Market
7. Europe Cybersecurity Market Overview
7.1. Europe Cybersecurity Market Size & Forecast, 2016-2027
7.1.1. By Value (USD Million)
7.2. Europe Cybersecurity Market Share & Forecast, 2016-2027
7.2.1. By Component (Solution and Service)
7.2.2. By Solution (Threat Intelligence, Unified Threat Management, Data Loss Prevention, Antivirus/Antimalware, Intrusion Detection Systems, and Others (Firewall, Disaster Recovery, Web Filtering, etc.))
7.2.3. By Services (Professional Services, and Managed Security Services)
7.2.4. By Security Type (Network Security, Endpoint Security, Application Security, Cloud Security and Others (Content Security, ICS Security, Database Security, and Web Security, etc.))
7.2.5. By Deployment (Cloud-based and On-premise)
7.2.6. By Organization Size (SMEs and Large Enterprises)
7.2.7. By Organization Size (SMEs and Large Enterprises)
7.2.8. By Industry Vertical (BFSI, IT and Telecom, Manufacturing, Government and Defense, Healthcare and Others (Energy and Utilities, Retail, Media & Entertainment, etc.))
7.2.9. By Country
7.2.9.1. Germany
7.2.9.2. UK
7.2.9.3. France
7.2.9.4. Italy
7.2.9.5. Rest of Europe
7.2.10. Company Market Share (Top 3-5)
7.2.11. Economic Impact Study on Europe Cybersecurity Market
8. Asia Pacific Cybersecurity Market Overview
8.1. Asia Pacific Cybersecurity Market Size & Forecast, 2016-2027
8.1.1. By Value (USD Million)
8.2. Asia Pacific Cybersecurity Market Share & Forecast, 2016-2027
8.2.1. By Component (Solution and Service)
8.2.2. By Solution (Threat Intelligence, Unified Threat Management, Data Loss Prevention, Antivirus/Antimalware, Intrusion Detection Systems, and Others (Firewall, Disaster Recovery, Web Filtering, etc.))
8.2.3. By Services (Professional Services, and Managed Security Services)
8.2.4. By Security Type (Network Security, Endpoint Security, Application Security, Cloud Security and Others (Content Security, ICS Security, Database Security, and Web Security, etc.))
8.2.5. By Deployment (Cloud-based and On-premise)
8.2.6. By Organization Size (SMEs and Large Enterprises)
8.2.7. By Organization Size (SMEs and Large Enterprises)
8.2.8. By Industry Vertical (BFSI, IT and Telecom, Manufacturing, Government and Defense, Healthcare and Others (Energy and Utilities, Retail, Media & Entertainment, etc.))
8.2.9. By Country
8.2.10. By Country
8.2.10.1. China
8.2.10.2. India
8.2.10.3. Japan
8.2.10.4. Australia
8.2.10.5. Rest of Asia Pacific
8.2.11. Company Market Share (Top 3-5)
8.2.12. Economic Impact Study on Asia Pacific Cybersecurity Market
9. South America Cybersecurity Market Overview
9.1. South America Cybersecurity Market Size & Forecast, 2016-2027
9.1.1. By Value (USD Million)
9.2. South America Cybersecurity Market Share & Forecast, 2016-2027
9.2.1. By Component (Solution and Service)
9.2.2. By Solution (Threat Intelligence, Unified Threat Management, Data Loss Prevention, Antivirus/Antimalware, Intrusion Detection Systems, and Others (Firewall, Disaster Recovery, Web Filtering, etc.))
9.2.3. By Services (Professional Services, and Managed Security Services)
9.2.4. By Security Type (Network Security, Endpoint Security, Application Security, Cloud Security and Others (Content Security, ICS Security, Database Security, and Web Security, etc.))
9.2.5. By Deployment (Cloud-based and On-premise)
9.2.6. By Organization Size (SMEs and Large Enterprises)
9.2.7. By Organization Size (SMEs and Large Enterprises)
9.2.8. By Industry Vertical (BFSI, IT and Telecom, Manufacturing, Government and Defense, Healthcare and Others (Energy and Utilities, Retail, Media & Entertainment, etc.))
9.2.9. By Country
9.2.9.1. Brazil
9.2.9.2. Argentina
9.2.9.3. Rest of South America
9.2.10. Company Market Share (Top 3-5)
9.2.11. Economic Impact Study on South America Cybersecurity Market
10. Middle East & Africa Cybersecurity Market Overview
10.1. Middle East & Africa Cybersecurity Market Size & Forecast, 2016-2027
10.1.1. By Value (USD Million)
10.2. Middle East & Africa Cybersecurity Market Share & Forecast, 2016-2027
10.2.1. By Component (Solution and Service)
10.2.2. By Solution (Threat Intelligence, Unified Threat Management, Data Loss Prevention, Antivirus/Antimalware, Intrusion Detection Systems, and Others (Firewall, Disaster Recovery, Web Filtering, etc.))
10.2.3. By Services (Professional Services, and Managed Security Services)
10.2.4. By Security Type (Network Security, Endpoint Security, Application Security, Cloud Security and Others (Content Security, ICS Security, Database Security, and Web Security, etc.))
10.2.5. By Deployment (Cloud-based and On-premise)
10.2.6. By Organization Size (SMEs and Large Enterprises)
10.2.7. By Organization Size (SMEs and Large Enterprises)
10.2.8. By Industry Vertical (BFSI, IT and Telecom, Manufacturing, Government and Defense, Healthcare and Others (Energy and Utilities, Retail, Media & Entertainment, etc.))
10.2.9. By Country
10.2.9.1. Saudi Arabia
10.2.9.2. UAE
10.2.9.3. South Africa
10.2.9.4. Rest of Middle East & Africa
10.2.10. Company Market Share (Top 3-5)
10.2.11. Economic Impact Study on Middle East & Africa Cybersecurity Market
11. Competitor Analysis
11.1. Company Description
11.2. Financial Analysis
11.3. Key Products
11.4. Key Management Personnel
11.5. Contact Address
11.6. SWOT Analysis
11.7. Company Profile
11.7.1. IBM Corporation
11.7.2. Symantec
11.7.3. Check Point Software Technologies
11.7.4. Cisco Systems
11.7.5. Trend Micro
11.7.6. Sophos
11.7.7. Rapid7
11.7.8. McAfee
11.7.9. Micro Focus
11.7.10. Microsoft
11.7.11. Imperva
11.7.12. Splunk
11.7.13. F5 Networks
11.7.14. Proofpoint
11.7.15. RSA Security
11.7.16. Other Prominent Players
The Cybersecurity Due Diligence for M&A Market is set to witness immense growth during the forecast period 2024-2031. This intelligence report offers an in-depth analysis of the market size, share, growth, opportunity, competitive landscape,...
The Cybersecurity Incident Response Service Market is set to witness immense growth during the forecast period 2024-2031. This intelligence report offers an in-depth analysis of the market size, share, growth, opportunity, competitive landsc...
The Commercial Cybersecurity Market is set to witness immense growth during the forecast period 2024-2031. This intelligence report offers an in-depth analysis of the market size, share, growth, opportunity, competitive landscape, manufactur...
The Industrial OT Cybersecurity Market is set to witness immense growth during the forecast period 2024-2031. This intelligence report offers an in-depth analysis of the market size, share, growth, opportunity, competitive landscape, manufac...
The Cybersecurity Defense and Engineering Market is set to witness immense growth during the forecast period 2024-2031. This intelligence report offers an in-depth analysis of the market size, share, growth, opportunity, competitive landscap...
The Advanced Cybersecurity Investigation Platforms Market is set to witness immense growth during the forecast period 2024-2031. This intelligence report offers an in-depth analysis of the market size, share, growth, opportunity, competitive...
The Cybersecurity Risk Management Solutions Market is set to witness immense growth during the forecast period 2024-2031. This intelligence report offers an in-depth analysis of the market size, share, growth, opportunity, competitive landsc...
The Cybersecurity Assessment Solutions Market is set to witness immense growth during the forecast period 2024-2031. This intelligence report offers an in-depth analysis of the market size, share, growth, opportunity, competitive landscape, ...
The Cybersecurity Assessment Services Market is set to witness immense growth during the forecast period 2024-2031. This intelligence report offers an in-depth analysis of the market size, share, growth, opportunity, competitive landscape, m...
The Data Compliance and Cybersecurity Solutions Market is set to witness immense growth during the forecast period 2024-2031. This intelligence report offers an in-depth analysis of the market size, share, growth, opportunity, competitive la...