Cyber Security Market Recent Trends, Future Growth, Industry Analysis, Outlook, Insights, Share and Forecasts Report 2028
Cyber Security Market Size – USD 173.20 Billion
in 2020, Market Growth – at a CAGR of 7.6%, Market Trends – Increasing
cyber-attacks in BFSI industry
Adoption of cloud-based services in various industries has
increased thus driving growth of the cyber security market to a significant
extent. Enterprises are increasingly adopting cloud-based services as this is
less expensive and does not require an IT infrastructure setup. Cloud
deployment leads to vulnerabilities in software and makes information easily
accessible by cyber criminals. Companies are focused on improving their cyber
security software to protect their data from cyber-attacks.
The Global Cyber Security
Market report assesses the historical and current data along with a thorough
analysis of the market dynamics. The report also sheds light on the significant
market growth driving and restraining factors that are anticipated to influence
the market growth through the forecast period.
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access a sample copy of the report, click on the link: https://www.emergenresearch.com/request-sample/614
Key
Market Dynamics: The global Cyber Security market
research report details on the ongoing market trends, development outlines, and
several research methodologies. It illustrates the key factors that directly
manipulate the market, for instance, production strategies, development
platforms, and product portfolio. According to our researchers, even minor
changes within the product profiles could result in huge disruptions to the
above-mentioned factors. Each of these factors has been elaborately discussed
in the initial segment of the study.
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Some
Key Highlights From the Report
·
Encryption is a cyber-security measure
which protects personal and private data through the use of unique codes that
scramble the data and make it almost impossible for intruders to read. Even if
there is a data breach, encryption ensures institution’s private data is safe
even when cyber criminals get past the firewall.
·
Large enterprises segment accounted for
largest revenue share in 2020 due to increased cyberattack incidence on
personal databases of such organizations. Large organizations are improving
their cyber security abilities to protect their data and safeguard customer
information.
·
Retail industry witnessed more breaches
than any other industry in 2019, as criminals deployed more advanced methods to
target vast asset and data retailers. As digital commerce is becoming more
popular, retailers are investing majorly in state-of-the-art security software
to protect their e-commerce engines. Point of Sale (POS) attacks are the most
common due to containing sensitive information such as debit and credit card
details, numbers, and PINs.
·
Asia Pacific market revenue is expected to
increase at a rapid rate during the forecast period due to increase in
investment by government and enterprises to protect respective data and
information. Japan followed by India experienced the highest number of
cyber-attacks in 2020, which propelled growth of the market thereafter. Finance
& insurance was the most attacked sector in India in 2019, followed by
manufacturing and professional services.
·
Key
players in the market include IBM Corporation, Cisco
Systems, Juniper Networks, CyberArk, Forcepoint, McAfee, Microsoft, F5
Networks, Oracle, and Fortinet.
The findings of the
report explain various aspects of the market, such as market status,
developmental prospects, key regional segments, renowned market players,
product offerings, end-use industries.
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Geographical
Terrain of the Global Cyber Security Market:
·
North America
·
Europe
·
Asia Pacific
·
Latin America
·
Middle East & Africa
The
global Cyber Security market is segmented based on product types offered in the
market, their applications, end-user industries, different types of
technologies, and key regions of the market.
·
Component Outlook (Revenue, USD
Billion; 2018–2028)
o Hardware
o Software
·
Solution Outlook (Revenue, USD
Billion; 2018–2028)
o Threat
Intelligence
1.
Identity and Access Management
2.
Security and Vulnerability Management
3.
Risk and Compliance Management
4.
Others (Others include threat intelligence platforms, SIEM, and
incident forensics)
·
Services Outlook (Revenue, USD
Billion; 2018–2028)
o Professional
Services
1.
Design and Integration
2.
Risk and Threat Assessment
3.
Consulting
4.
Training and Education
5.
Support and Maintenance
o Managed
Security Services
·
Security Type Outlook (Revenue,
USD Billion; 2018–2028)
o Application
Security
o Network
Security
o Cloud
Security
o Endpoint
Security
o Others
·
Deployment Outlook (Revenue, USD
Billion; 2018–2028)
o Cloud
o On-Premises
·
Organization Size Outlook
(Revenue, USD Billion; 2018–2028)
o Small
and Medium Enterprises
o Large
Enterprises
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Key
Questions You Asked:
·
What is the growth rate of the Cyber Security
market? What is the anticipated market valuation of the Cyber Security industry
by 2028?
·
What are the key growth driving and
restraining factors of the Cyber Security market?
·
Who are the prominent players operating in
the market? What are the key strategies adopted by these companies?
·
What are the key opportunities and growth
prospects of the Cyber Security industry over the forecast period?
·
Which region is expected to show
significant growth in the coming years?
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