info@marketresearchfuture.com   📞  +1 (855) 661-4441(US)   📞  +44 1720 412 167(UK)

Cybersecurity Market Driven by the Demand for Enhanced Data Security Solutions

Market Research Future has published a Half-Cooked Research Report on the Global Cyber Security Market.


Market Overview


In its research report, Market Research Future (MRFR), emphasizes that the Global Cyber Security Market is expected to grow exponentially, securing a substantial market valuation of USD 351.43 billion by 2030 and a healthy 11.37% CAGR over the review period.


Drivers and Restraints


A trend driving market growth is the rapid introduction of online and cloud-based applications. Also driving the demand for cybersecurity products and services is the increasing need for businesses to reduce risks and to strict compliance with regulatory requirements. An additional factor that boosts the demand is the rising occurrence of cyber-attacks globally. Nonetheless, a factor that hampers market growth during the forecast period is the restricted protection budget among the small and medium-sized enterprises. The growing demand from banking, financial services and insurance (BFSI), IT and telecommunication and other verticals offers the profitable opportunity to the key players in the global market. Demand for cloud-based security solutions are developing, which provides market participants with a chance. In addition, cyber-security initiatives are now being prioritized and coordinated with strategic business operations to mitigate the harm to IT infrastructure, which offers the largest market growth potential. Increasing the need for strong authentication techniques will also provide lucrative business opportunities.


Segmental Analysis


The global cybersecurity market has been segmented based on component, organization size, deployment, security type, vertical, and region/country.


Based on the component, the global cybersecurity market has been divided into solutions and services. The solutions segment has been categorized as risk and compliance management, identity and access management, unified threat management, disaster recovery, firewall, web filtering, antivirus, data loss prevention, security information and event management and others. The services segment has been divided into managed services and professional services. The professional service is further classified as consulting, training & education, support & maintenance, and design & integration.


On the basis of security type, the global cybersecurity market has been divided into small- and medium-sized enterprise (SME) and large enterprise.


Based on the organization size, the global cybersecurity market has been categorized as wireless security, network security, endpoint security, application security, cloud security, and others.


Based on the deployment model, the global cybersecurity market has been segmented into the cloud and on-premise.


On the basis of vertical, the global cybersecurity market has been divided into BFSI, healthcare, manufacturing, IT & telecommunication, government, retail, aerospace & defense, and others.


Regional Analysis


The geographical overview of the global market has been conducted in four major regions, including the Asia Pacific, North America, Europe, and the rest of the world. North America accounted for the most significant market share, as the number of cyber-attacks is increasingly growing due to the businesses deploying cybersecurity solutions for security purposes. The US leads the North American market, as it is the most technologically developed region, and also has a strong cloud technology adoption.


Due to the rising need to combat cyber attacks, Asia-Pacific is projected to be the fastest-growing market during the review period. In addition, the businesses are increasingly adopting these technologies across all verticals to protect their network and data.


Competitive Analysis


The key market players operating in the global market as identified by MRFR are Intel Corporation (US), IBM Corporation (US), Symantec Corporation (US), HP Enterprise (US), Cisco Systems, Inc. (US), Rapid7, Inc. (US), EMC RSA (US), Carbon Black, Inc. (US), FireEye, Inc. (US), Trend Micro, Inc. (Japan), SecureWorks, Inc. (Dell Technologies)  (US), Sophos Ltd. (UK), Imperva (US), BAE Systems (UK), and Akamai Technologies (US).

Leading companies partner with us for data-driven Insights
client_1 client_2 client_3 client_4 client_5 client_6 client_7 client_8 client_9 client_10
Kindly complete the form below to receive a free sample of this Report
Please fill in Business Email for Quick Response

We do not share your information with anyone. However, we may send you emails based on your report interest from time to time. You may contact us at any time to opt-out.

Report details
Companies Covered 15
Pages 100
Certified Global Research Member
Isomar fd.webp Wcrc 57.webp
Why Choose Market Research Future?
  • Vigorous research methodologies for specific market.
  • Knowledge partners across the globe
  • Large network of partner consultants.
  • Ever-increasing/ Escalating data base with quarterly monitoring of various markets
  • Trusted by fortune 500 companies/startups/ universities/organizations
  • Large database of 5000+ markets reports.
  • Effective and prompt pre- and post-sales support.
Tailored for You
  • Dedicated Research on any specifics segment or region.
  • Focused Research on specific players in the market.
  • Custom Report based only on your requirements.
  • Flexibility to add or subtract any chapter in the study.
  • Historic data from 2014 and forecasts outlook till 2040.
  • Flexibility of providing data/insights in formats (PDF, PPT, Excel).
  • Provide cross segmentation in applicable scenario/markets.