Cyber Security Market | Analysis 2019-2031

Cyber Security Market Introduction

Cyber security is a technique of protecting information, digital asset, and connected devices from unauthorized access. There are several elements of cyber security such as information security, application security, network security, operational security, disaster recovery, and staff training.

Drivers & Restraints

The regular occurrence of security breaches; increase in adoption of cloud-based solutions; and rise in need to meet the regulatory compliance are anticipated to drive the market growth during the forecast period. However, lack of cyber security awareness; budget constraints; and the shortage of skilled workforce are projected to hamper the market growth.

Market Trends

End-users verticals are focused towards investing on advanced cyber security measures to reduce their vulnerabilities. Further, integrated, and next-generation security solutions are gaining traction among end-user vertical.

Market Scope

The global cyber security market is been segmented into type, deployment type, mode of access, and end-user vertical.

a) Type

• Solution
  • Cloud Security
  • Application Security
  • Data Security
  • Endpoint Security
  • Mobile Security
  • Identity and Access Management
  • Specialized Threat Analysis and Protection
  • Risk and Compliance
  • Web Security
  • Network Security
  • Other Solutions (Fraud Protection, Transaction Security, Messaging Security, and IoT Security)
• Service
  • Consulting Service
  • Implementation and Integration Services
  • Risk Assessment Service
  • Training and Support Service

b) Deployment Type

• Cloud
• On-premise

c) Mode of Access

• Desktop
• Mobile Device

d) End-user Verticals

• IT & Telecom Sector
• BSFI Sector
• Public Sector
• Transportation & Logistics
• Media & Entertainment Sector
• Energy & Utilities Sector
• Manufacturing Sector
• Healthcare Sector
• Other

Regional Outlook

Major region targeted in the global cyber security market includes North America, Western Europe, Eastern Europe, Asia Pacific, and Middle East and Africa (MEA). North America dominated the market in terms of expenditure on cyber security solutions and services and is projected to continue its dominance throughout the forecast period. Moreover, the market in Asia Pacific region is projected to grow at the highest CAGR owing to increase in adoption advanced technologies across various end-user verticals.

Cyber Security Market Competitive Landscape

Key players in the market includes Cisco Systems, Inc., EMC RSA, Fireeye, Inc., Hewlett-Packard Enterprise, Intel Security, International Business Machines Corporation, Rapid7, Inc., Sophos Ltd., Symantec Corporation, and Trend Micro, Inc.

The research study would provide an in-depth assessment of the cyber security market and include reliable analysis, insights, facts and industry-validated market estimation and projections, supplemented by appropriate assumptions, methodologies, and approaches. Insights and analysis on various market segments such as by type, deployment type, mode of access, and end-user vertical, and region included in this research report scope.

Major Regions/Countries include:

• North America
  • United States
  • Canada
• Western Europe
  • Germany
  • United Kingdom
  • Spain
  • France
  • Italy
  • Rest of Western Europe
• Eastern Europe
  • Russia
  • Poland
  • Rest of Eastern Europe
• Asia Pacific (APAC)
  • Japan
  • China
  • India
  • ASEAN
  • Australia
  • Rest of Asia-Pacific
• Latin America
  • Brazil
  • Mexico
  • Argentina
  • Rest of Latin America
• Middle East and Africa (MEA)
  • GCC
  • North Africa
  • South Africa
  • Rest of MEA

This research report on cyber security market would be produced using first-hand market information gathered from industry experts and major participants across the value chain, during primary research. It would provide broad view of current market trends, growth factors and competitive analysis.