Cyber Security Market - Trends Forecast Till 2028

The Cybersecurity Market is segmented by Product Type (Solutions and Services), Deployment (On-cloud and On-premise), End-user Industry (Aerospace, Defense and Intelligence, Banking, Financial Services and Insurance (BFSI), Healthcare, Manufacturing, Retail, Public Utility, IT, and Telecommunication), and region (North America, Europe, Asia-Pacific, Middle East and Africa and South America)

Published Date: December, 2021

Base Year Estimate: 2020

Report ID: D-IT-CSM-661

Format:  

Number of Pages: 357

Domain: IT & Telecom

Cybersecurity Market – Trends Forecast Till 2028

The global cyber security market size was valued at USD 167.13 billion in 2020 and is expected to register a CAGR of 10.9% from 2021 to 2028.

Cybersecurity solutions help organizations monitor, detect, report, and counter cyber threats to maintain data confidentiality. The adoption of cybersecurity solutions is expected to grow with the increasing internet penetration among developing and developed countries. The need for security solutions has been marked highly by the private financial and banking services sectors and the healthcare and aerospace defence sectors.

Rapidly increasing cybersecurity incidents and regulations requiring their reporting and The adoption of M2M/IoT connections demands strengthened cybersecurity in enterprises are some of the factors that have supported long-term expansion for Cybersecurity Market.

Amidst the COVID-19 pandemic crisis, various governments and regulatory authorities mandate both public and private organizations to embrace new practices for working remotely and maintaining social distancing.

Cybersecurity Market Size Analysis

Asia-Pacific is expected to have the highest market growth for cybersecurity solutions over the forecast period. The strong presence of several market incumbents, coupled with recent security threats in the region, is expected to accelerate these solutions further.

Cybersecurity Market is segmented into product type, deployment, end user and region.

On the basis of Product Type

  • Security and Vulnerability Management
  • DDoS Mitigation
  • Next Generation Firewall
  • IDS/IPS
  • Security Information and Event Management
  • Email Security
  • Endpoint Security
  • IoT Security

On the basis of Deployment  

  • On cloud
  • On-premise

On the basis of End-User

  • Aerospace, Defense, and Intelligence
  • Banking, Financial Services, and Insurance
  • Healthcare
  • Manufacturing
  • Retail
  • Public Utility
  • IT and Telecommunication

On the basis of Region

  • Asia Pacific
  • North America
  • Europe
  • South America
  • Middle East & Africa

Insights are provided for each region and major countries within the regions

Cybersecurity Market Primary Respondent

 

Key Players

  • Broadcom (Symantec CorporationCorp.)
  • Check Point Software Technology Ltd.
  • Cisco Systems, Inc.
  • IBM; McAfee, LLC
  • Palo Alto Networks, Inc.
  • Trend Micro, Incorporated Inc.

Recent Developments

  • In October 2020, IBM Security announced new and upcoming capabilities for Cloud Pak for Security, that includes a data security solution that enables companies to detect, respond, and protect from threats to their most sensitive data across hybrid cloud environments.
  • In February 2020, Oracle and Microsoft expanded their cloud collaboration with a new cloud interconnect location in Amsterdam, Netherlands. The new interconnect location would enable these businesses to share data across applications running in Microsoft Azure and Oracle Cloud.

Reasons to Acquire

  • Increase your understanding of the market for identifying the best and suitable strategies and decisions on the basis of sales or revenue fluctuations in terms of volume and value, distribution chain analysis, market trends and factors
  • Gain authentic and granular data access for Cybersecurity Market so as to understand the trends and the factors involved behind changing market situations
  • Qualitative and quantitative data utilization to discover arrays of future growth from the market trends of leaders to market visionaries and then recognize the significant areas to compete in the future
  • In-depth analysis of the changing trends of the market by visualizing the historic and forecast year growth patterns

Report Scope

 

Report Feature

Descriptions

Growth Rate

CAGR of 10.9% during the forecasting period, 2021-2028

Historical Data

2018-2019

Forecast Years

2021-2028

Base Year

2020

Units Considered

Revenue in USD billion and CAGR from 2021 to 2028

Report Segmentation

product type, deployment, end user and region.

Report Attribute

Market Revenue Sizing (Global, Regional and Country Level) Company Share Analysis, Market Dynamics, Company Profiling

Regional Level Scope

North America, Europe, Asia-Pacific, South America, and Middle East and Africa

Country Level Scope

U.S., Japan, Germany, U.K., China, India, Brazil, UAE, South Africa (50+ Countries Across the Globe)

Companies Profiled

Broadcom (Symantec CorporationCorp.); Check Point Software Technology Ltd.; Cisco Systems, Inc.; IBM; McAfee, LLC; Palo Alto Networks, Inc.; Trend Micro, Incorporated Inc.

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