Cyber security, also known as IT security, focuses on protecting computers, programs, networks, and data from unauthorized or spontaneous access. It includes network security, endpoint security, application security, identity management, data security, cloud security and infrastructure security. Since cyber threats have increased at a significant rate, security solutions have been obtaining traction, worldwide. Solutions including antivirus software and firewalls have increased in complexity and proven to be effective at avoiding threats and attacks, such as malware, Trojans and phishing. The rising cyber-thefts and cyber-terrorism worldwide have surged the demand for the Cyber security industry. Furthermore, the rising IPv6 adoption has increased security solutions and services. The requirement to improve the critical infrastructure owing to the advanced persistent threats has promoted governmental organizations to reform the current security solutions and enhance their security strategies. Increasing technologies such as ML, IoT and AI have increased data generation in several forms. There is a large amount of data produced every day in the industries. Such factors have accelerated those industries to safeguard them with potential Cyber Security solutions. The increased data sharing and vulnerabilities of the organizations have escalated the demand for the Cyber Security market growth. The usage of the internet and accessing vital data and sharing them through cloud-based solutions has been exponentially increasing in various industrial sectors. The industries such as retail, telecom, banking, which highly depend on processes such as assimilating, and storing a huge amount of data, have fueled the demand for the cyber security market growth. In the year 2019, the designing application canvas has identified a threat which exposed the vital information of over 137 million users. Such incidents have surged the demand for the Cyber security market growth. The increasing interconnected platforms to improve productivity have resulted in security breaches. The Bring-your-own-device and the increasing popularity of social media have driven the industries to protect the gaps among interconnections. Also, the digital applications which are installed in the organization are key vulnerabilities. Such factors have escalated the demand for the cyber security market. Apart from this, the limited cybersecurity budget and huge installation cost will likely to impede the market growth.

As enterprises among verticals deploy IoT devices to enhance operational efficiency and improve communication, IoT traffic is projected to increase in the coming years. The rising adoption of these IoT devices has widened the scope of attacks for cybercriminals which has provided lucrative opportunities for the market.

The global Cybersecurity Market is segregated on the basis of component as Solutions and Services. Based on Deployment the global Cybersecurity Market is segmented in Cloud and On-premises. Based on User Type the global Cybersecurity Market is segmented in Large Enterprises and Small & Medium Enterprises. Based on Industry Vertical the global Cybersecurity Market is segmented in Telecom, Automotive, BFSI, Public Sector, Retail, Healthcare, IT, Energy & Utilities, Manufacturing and Others.

The global Cybersecurity Market report provides geographic analysis covering regions, such as Europe, North America, Asia Pacific, and Rest of The World. The Cybersecurity Market for each region is further segmented for major countries including the U.S., Canada, Germany, the U.K., France, Italy, China, India, Japan, Brazil, South Africa, and others.

Competitive Analysis

Avast Software, Booz Allen Hamilton, CA Technologies, Inc., Check Point Software Technologies Ltd., Cisco Systems, Inc. and others are among the major players in the global Cybersecurity Market. The companies studied in terms of product strategy and various n several growth and expansion strategies to gain a competitive edge in the market. The major players not only follow value chain integration with business operations in multiple stages of the value chain.

• In October 2020, IBM Security declared new and upcoming capabilities for Cloud Pak for Security, which includes a data security solution that allows companies to detect, respond and safeguard from threats to their most sensitive data across hybrid cloud environments.
• In February 2020, Oracle and Microsoft extended their cloud collaboration with a new cloud interconnect location in Amsterdam, Netherlands. The new interconnect location would allow these businesses to share data among applications running in Microsoft Azure and Oracle Cloud.
• In June 2020, Microsoft entered into partnership with SAS to bring cloud-based SAS industry solutions to its customers.

The global Cybersecurity Market has been segmented as below:

Cybersecurity Market, By Component

• Solutions
• Services

Cybersecurity Market, By Deployment

• Cloud
• On-premises

Cybersecurity Market, By User Type

• Large Enterprises
• Small & Medium Enterprises

Cybersecurity Market, By Industry Vertical

• Telecom
• Automotive
• BFSI
• Public Sector
• Retail
• Healthcare
• IT
• Energy & Utilities
• Manufacturing
• Others

Cybersecurity Market, By Region

• Europe
• North America
• Asia Pacific
• Rest of The World

Cybersecurity Market, By Company

• Avast Software
• Booz Allen Hamilton
• CA Technologies, Inc.
• Check Point Software Technologies Ltd.
• Cisco Systems, Inc.
• CSC
• Deloitte LLP
• Forcepoint LLC.
• F-Secure Corporation
• IBM Corporation
• Juniper Networks, Inc.
• Kaspersky Lab
• Lockheed Martin Corporation
• McAfee, Inc.
• Microsoft Corporation
• Northrop Grumman Corp.
• Panda Security
• SafeNet, Inc
• Sophos PLC

The report covers the below scope:

• Global Cybersecurity Market sizes from 2020 to 2026, along with CAGR for 2020-2026
• Market size comparison for 2019 vs 2026, with actual data for 2019, estimates for 2019 and forecast from 2020 to 2026
• Global Cybersecurity Market trends, covering comprehensive range of consumer trends & manufacturer trends
• Value chain analysis covering participants from raw material suppliers to the downstream buyer in the global Cybersecurity Market
• Major market opportunities and challenges in forecast timeframe to be focused
• Competitive landscape with analysis on competition pattern, portfolio comparisons, development trends and strategic management
• Comprehensive company profiles of the key industry players

The years considered for the study are as follows:

• Base year - 2019
• Estimated year - 2019
• Projected year - 2020
• Forecast period - 2021 to 2026

Report Scope:

The global Cybersecurity Market report scope includes detailed study covering underlying factors influencing the industry trends. The report covers analysis on regional and country level market dynamics. The scope also covers competitive overview providing company market shares along with company profiles for major revenue contributing companies. The report scope includes detailed competitive outlook covering market shares and profiles key participants in the global Cybersecurity Market share. Major industry players with significant revenue share include Avast Software, Booz Allen Hamilton, CA Technologies, Inc., Check Point Software Technologies Ltd., Cisco Systems, Inc. and others.

Why to Buy this Report:

• Gain detailed insights on the Cybersecurity industry trends
• Find complete analysis on the market status
• Identify the Cybersecurity Market opportunities and growth segments
• Analyse competitive dynamics by evaluating business segments & product portfolios
• Facilitate strategy planning and industry dynamics to enhance decision making

Target Audience:

• The report targeted towards the existing players in the industry is as follows:
• Market Manufacturers/Service Providers
• Market Wholesale/Traders
• Investment and Financial Institutions

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