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

Growing popularity of digitalization has prompted various organizations to rely on digitalized information. Sharing of such information externally or internally has made organizations vulnerable to cybercrime through different mediums. A successful online attack can harm the reputation of an enterprise as well as impact brand value. This can also result in loss of competitive advantage and impact companies financially. 

Retailers, medical service providers, and public entities witness the highest number of breaches and malware is mostly responsible for most of these incidents. Some sectors are more attractive for cyber criminals and they collect medical and financial data, but all sectors are vulnerable and can be targeted for corporate espionage, customer data, and customer attacks. Attacks on cyber security can result in identity theft, extortion attempts, and loss of important and sensitive data, which is driving demand for more effective cyber security solutions.

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The professional services segment accounted for largest revenue share in 2020. Increased demand is due to use of cyber security software in enterprise risk assessment, penetration testing, employee training, physical security testing, and cyber security defense. With the use of extensive information and knowledge, companies could reduce additional costs.

This particular section of the report covers all the necessary details of the renowned market players operating in the global Cyber Security market. The report goes on to elucidate various marketing strategies employed by companies across this industry. Information on the shareholdings of these players in the global market has also been included in this report.

Key players in the market include IBM Corporation, Cisco Systems, Juniper Networks, CyberArk, Forcepoint, McAfee, Microsoft, F5 Networks, Oracle, and Fortinet.

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It offers a lucid picture of current trends in the global market, with an unbiased perspective of the leading market players, key regions/countries, end-use industries, and various product types.

Component Outlook (Revenue, USD Billion; 2018–2028)
Hardware
Software
Solution Outlook (Revenue, USD Billion; 2018–2028)
Threat Intelligence
Identity and Access Management
Security and Vulnerability Management
Risk and Compliance Management
Others (Others include threat intelligence platforms, SIEM, and incident forensics)
Encryption
Services Outlook (Revenue, USD Billion; 2018–2028)
Professional Services
Design and Integration
Risk and Threat Assessment
Consulting
Training and Education
Support and Maintenance
Managed Security Services
Security Type Outlook (Revenue, USD Billion; 2018–2028)
Application Security
Network Security
Cloud Security
Endpoint Security
Others
Deployment Outlook (Revenue, USD Billion; 2018–2028)
Cloud
On-Premises
Organization Size Outlook (Revenue, USD Billion; 2018–2028)
Small and Medium Enterprises
Large Enterprises
End-use Outlook (Revenue, USD Billion; 2018–2028)
Government and Defense
Healthcare
BFSI
Energy and Utilities
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The Cyber Security market intelligence report exhaustively examines the market value, share, demand, growth prospects, latest and historical trends, manufacturers, gross revenue collection, competitive terrain, market growth forecast, available products, and end-use applications.

Geographical Terrain of the Global Cyber Security Market:

North America (U.S., Canada, and Mexico)
Europe (Germany, France, the U.K, Russia, and Italy)
Asia Pacific (China, Japan, Korea, India, and Southeast Asia)
Latin America (Brazil, Argentina, Colombia, etc.)
Middle East & Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)
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