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Published March 7, 2018
Cybersecurity is the body of technologies, processes, and practices designed to protect networks, computer programs, and data from attack, damage or unauthorised access. In a computing context, security includes both security & physical security. Malware protection is an important security consideration. Cybersecurity includes controlling physical access to the hardware and protects against the harm via networks.
Global Cyber Security Market Segments Size & Growth:
The global cyber security market is valued at $137.85 Billion in 2017 and is expected to reach $231.94 Billion by 2024 at a CAGR of 11.0%. The major growth factors influencing the market growth involves growing risks such as computer hacking, software piracy and virus deployment and strict government regulations and cybersecurity threats.
Increasing the adoption of smart devices, growing reliability on internet services in industries such as retail, healthcare, energy, and utility are propelling the market. However, lack of awareness of benefits of implementing effective security solutions especially in small and medium enterprises is expected to restrict the growth of the market.
Global Cyber Security Market Segments Share:
Global cyber security market share is analysed based on component, solutions & services, security type, deployment mode, organisation size and end users. The components in the market include software and solutions. There are various industry verticals, including manufacturing, public sector, BFSI, healthcare, IT, Telecom and others, which utilises this software and solutions offered by cyber security market and public sector is one of the prominent end users owing to the increasing cyber-attacks on state and federal agencies. Based on security type, cyber security market is classified into identity and access management, end security, web security, messaging security, security and vulnerability management, network security, implementation, managed security services and professional services. Network security is expected to emerge as the most attractive product segment by size and is expected to contribute around 75% of the overall product market owing to the major growth prospects in network security segments IDAM and SVM, which are the top product segments and expected to contribute around 75% of the overall product market.
Based on solutions & services, the market is classified into managed services, professional services, identity and access management, risk & compliance management, encryption, data loss prevention, unified threat management and others. Among services segment, managed services dominated the cyber security market in 2016 owing to increased threats from conventional insurgent activities. Under deployment mode, on-premise and cloud-based are the classifications among which enterprises are migrating to cloud-based, as it is cost-effective and is anticipated to witness highest CAGR during the forecast period.
Organization size is classified into small, medium-sized and large enterprises. Larger enterprises are expected to contribute to approximately 80% of the market whereas small and medium enterprises represent a smaller pool and are expected to demonstrate highest growth rates during the forecast period. Defence segment is witnessed to have the highest market share of around 27.27% owing to the concern of data breach of intelligence.
Geographically, North America dominated the market owing to the awareness of cyber security among small and medium organisations anticipated to propel the market over the forecast. However, APAC is the fastest growing market with a CAGR of around 15.5% due to the increasing importance of Asia on the global economy in the matter of security driving the market in this region.
Global Cyber Security Market Trends:
Global Cyber Security Market Research Report includes:
An executive summary condensing the whole report such that essential authority can rapidly twist up doubtlessly acquainted with brief overview and conclusion.
To have complete market analysis, industry value chain analysis, Porter’s Five Force Analysis, PESTLE, SWOT analysis, and Y-o-Y analysis were carried to understand the market more comprehensively.
Regional and global diversity is analysed with the major countries and the unions. Scrutinizing the revenue generation on Year-On-Year
Identifying DROC in the current market and their impact in altering the market dynamics.
Competitive landscape analysis to identify the mergers and acquisitions, which will have a comparative financial analysis with major competitors.
Expertise investment opportunities by an analyst to the individual and organisation to have a better foothold in the market.
The major market players are
Along with these companies, there were many other companies considered/cited in the report while analysing the cyber security market. These companies hold substantial share-owning to the nature of the industry whereas rest of the market shares are marginal chunks to regional and local level manufacturers. Other players have considerable presence owing to its robust brand image, geographical reach and strong customer base.
1.1 Executive Summary
1.2 Market Definition
1.3 Scope of the Study
2 Research Methodology
2.1 Secondary Research
2.2 Primary Research
2.3 Analytic Tools and Model
2.4 Economic Indicator
2.4.1 Base Year, Base Currency, Forecasting Period
2.5 Expert Validation
2.6 Study Timeline
3 Market Analysis
3.1 Industry Value Chain Analysis
3.2 Porter’s Five Analysis
3.2.1 Bargaining Power of Buyers
3.2.2 Bargaining Power of Suppliers
3.2.3 Threats of Substitutes
3.2.4 Threats of New Entrants
3.2.5 Industry Rivalry
3.3 PESTLE Analysis
3.4 SWOT Analysis
3.5 Y-O-Y Analyses
4 Market Dynamics
4.1.1 Growing risks such as computer hacking software piracy and virus deployment.
4.1.2 Emergence of IOT and BYOD across verticals.
4.1.3 Stringent government regulations and cybersecurity threats.
4.2 Restraints & Challenges
4.2.1 Lack of awareness and availability of pirated security software.
4.2.2 Providing cybersecurity solution to ever-increasing government IT domain is an expensive challenge for the government authorities.
4.2.3. Lack of competent security professionals.
4.3.1 Continuous growth in adoption of cloud-based applications and services.
4.3.2 Increases use of social media for business functions.
5 Global Cyber Security Market – By Component
6 Global Cyber Security Market – By Solutions & Services
6.1 Identity & access management
6.2 Risk and compliance management
6.4 Data loss prevention
6.5 Security & vulnerability management
6.6. Security information and event management
6.8 Managed services
6.9 Professional services
6.9.2 Training & education
6.9.3 Support and maintenance
6.9.4 Design and integration
6.9.5 Risk & threat assessment
7 Global Cyber Security Market – By Security type
7.1 Network security
7.2 Endpoint security
7.3 Application security
7.4 Cloud security
7.5 Wireless security
8 Global Cyber Security Market – By Deployment mode
9 Global Cyber Security Market – By Organization size
9.1 Small & medium-sized enterprise
9.2 Large enterprise
10 Global Cyber Security Market – By End-users
10.1 Aerospace & defense
10.3 Financial services and insurance
10.4 IT & Telecom
10.8 Energy & utilities
11 Global Cyber Security Market – By Geography
11.1 North America
11.3.4 Australia & New Zealand
11.3.5 South Korea
11.4 South America
11.5 Middle East and Africa
11.5.1 Middle East
12 Global Cyber Security Market – Competitive Landscape
12.1 Mergers & Acquisitions, Joint Ventures, Collaborations, and Agreements
12.2 Market Share Analysis
12.3 Strategies Adopted By Top Companies
13 Global Cyber Security Market – Company Profiles
13.1 Cisco systems
13.2 IBM Corporation
13.3 Trend Micro
13.4 Symantec Corporation
13.5 Fire Eye Inc.
13.6 Sophos Group Plc
13.7 Intel Corporation
13.8 Hewlett Packard Enterprise
13.9 Verizon communications
13.10 Dell EMC
13.11 Juniper Networks Inc.
13.13 Thales group
13.14 BAE Systems Plc
14 Market Insights
14.1 Insights of Industry Experts
14.2 Analyst Opinion (Market Understanding)
14.3 Investment Opportunities
15.1 List of Tables
15.2 List of Figures