Cyber Security Market
Cyber Security Market - Global Industry Assessment & Forecast
#
Pages:
149
2022
Apr - 2022
VMR-1487
Segments Covered
By
Component Hardware, Software, Services
-
By
Software APT, Threat Intelligence Platform, SIEM, Security and Vulnerability Management, Network Access Control, Antivirus/Antimalware, Firewall, Secure Web Gateway, SOAR, IAM, Encryption, Disaster Recovery, IDS/IPS, Risk and Compliance Management, Others
-
By
Security Type Network Security, Endpoint Security, Application Security, Cloud Security, Others
-
By
Deployment Type Cloud, On- Premises
-
By
Organization Size Large Enterprise, SMEs
-
By
Verticals Aerospace and Defense, Government, BFSI, IT, Healthcare, Retail, Manufacturing, Energy and Utilities, Telecommunications, Media and Entertainment, Others
-
By
Region North America, Europe, Asia Pacific, Latin America, Middle East & Africa
Snapshot
 Base Year:
|
2022 |
| Forecast
Years:
|
2023 - 2030 |
 Historical
Years:
|
2017 - 2021 |
 Revenue
2022: |
USD 236.96 Billion |
 Revenue 2030:
|
USD 479.15 Billion |
 Revenue CAGR
(2023 - 2030): |
9.20% |
Fastest Growing Region (2023 -
2030)
|
Asia Pacific |
Largest Region (2022):
|
North America |
Customization Offered
Cross-segment Market Size and
Analysis
for Mentioned Segments- Additional Company Profiles (Upto 5
With
No Cost)
- Additional Countries (Apart From Mentioned Countries)
- Country/Region-specific Report
- Go To Market Strategy
- Region Specific Market Dynamics
- Region Level Market Share
- Import Export Analysis
- Production Analysis
- Others Request
Customization Speak To
Analyst
Market Synopsis:
The Global Cyber Security Market is valued at USD 236.96 Billion in the year 2022 and is projected to reach a value of USD 479.15 Billion by the year 2030. The Global Market is anticipated to grow exhibiting at a Compound Annual Growth Rate (CAGR) of 9.20% over the forecast period.
Cyber Security refers to the protection of internet-connected devices from various threats in cyberspace. It entails safeguarding software, data, and hardware while also assisting in the prevention of fraudsters gaining access to devices or networks. Businesses require cyber security to safeguard their data, cash, and intellectual property. Individuals require it for similar reasons, except that intellectual property is less of a concern and the risk of losing vital information, such as family photos, is greater. When it comes to public services or governmental entities, cyber security ensures that the public can continue to rely on them.
Cyber Security Market Size, 2022 To 2030 (USD Billion)
AI (GPT) is here !!! Ask questions about Cyber Security Market
The rise in malware and phishing threats among enterprises, as well as the increased adoption of loT and the BYOD trend, are driving the growth of the cyber security market. Furthermore, the increased demand for cloud-based cyber security solutions has a positive impact on market growth. However, budget constraints among organizations, as well as the complexities of device security, are impeding market growth on the contrary, throughout the projection period, the growing usage of mobile device applications and platforms, the requirement for strong authentication techniques, and the transition of the traditional antivirus software sector are projected to give attractive market expansion prospects.
Market Segmentation:
The Cyber Security Market is segmented on the basis of Component, Software, Security type, Deployment type, Organization size and Verticals. On the basis of Component, the market is segmented into Hardware, Software and Services. On the basis of Software, the market is segmented into APT, Threat Intelligence Platform, SIEM, Security and Vulnerability Management, Network Access Control, Antivirus/Antimalware, Firewall, Secure Web Gateway, SOAR, IAM, Encryption, Disaster Recovery, IDS/IPS, Risk and Compliance Management and Others. On the basis of Security type, the market is segmented into Network security, Endpoint security, Application security, Cloud security and Others. On the basis of Deployment type, the market is segmented into Cloud and On-Premises On the basis of Organization site the market is segmented into Large Enterprise and SMEs. On the basis of Verticals, the market is segmented into Aerospace and Defense, Government, BFSI, IT, Healthcare, Retail, Manufacturing, Energy and Utilities, Telecommunications, Media and Entertainment and Others.
Based on Organization Site:
On the basis of Organization site, the market is segmented into Large Enterprise and SMEs. Small and medium-sized enterprises (SMEs) are expected to grow at the fastest rate. A surge in demand for end-point security solutions across a number of e-commerce firms, including those in the retail and finance sectors, has prompted this expansion. Due to the increased demand for application security services, the large enterprise is expected to grow significantly.
Below tree is interactive. You can click the nodes to get more information.
Based on verticals:
On the basis of Verticals, the market is segmented into Aerospace and Defense, Government, BFSI, IT, Healthcare, Retail, Manufacturing, Energy and Utilities, Telecommunications, Media and Entertainment and Others. Among all industries, BFSI is expected to grow at a significant Compound Annual Growth Rate (CAGR) during the forecast period. A growth in demand for comprehensive security and digital privacy technologies across financial, insurance, and banking sectors is driving his expansion. Cloud application security solutions assist banks, insurance companies, and financial institutions in safeguarding highly confidential data while incorporating real-time intelligence against persistent cyber-attacks.
North America is expected to acquire the largest market share during the year 2021
North America is likely to be the fastest-growing regional market over the forecast period with a market share of 39.10%. During the forecast period, North America is expected to have the largest Cyber Security Market share. The region's demand for cloud application security solutions is being driven by an increase in the number of high-level security breaches. The growing number of online e-commerce platforms boosts market growth in countries like the United States and Canada. To provide enhanced security measures to businesses, the government implements advanced network security protocols. End-user investment is increasing, and enterprise security solutions are in high demand, accelerating the adoption of security solutions.
Competitive landscape:
Key players operating in the Global Cyber Security Market include IBM (US), Cisco (US), Check Point (Israel), FireEye (US), Trend Micro (Japan), NortonLifeLock (US), Rapid7 (US), Micro Focus (UK), Microsoft (US), Amazon Web Services (US), Oracle (US), Fortinet (US), Palo Alto Networks (US), Accenture (Ireland), McAfee (US), RSA Security (US), Forcepoint (US), Sophos PLC (UK), Imperva (US), Proofpoint (US), Juniper Network (US), Splunk (US), SonicWall (US), CyberArk (US), F-secure (Finland), Qualys (US), F5 (US), AlgoSec (US), SentinelOne (US), DataVisor (US), RevBits (US), Wi-Jungle (India), BluVector (US), Aristi Labs (India), Securden (US). and others
Segmentation of the Global Cyber Security Market:
Parameter
Details
Segments Covered
Regions & Countries Covered
Companies Covered
Report Coverage
Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST
analysis, value chain analysis, regulatory landscape, technology landscape, patent analysis, market
attractiveness analysis by segments and North America, company market share analysis, and COVID-19
impact analysis
FAQ
Frequently Asked Question
What is the global demand for Cyber Security in terms of revenue?
-
The global Cyber Security valued at USD 236.96 Billion in 2022 and is expected to reach USD 479.15 Billion in 2030 growing at a CAGR of 9.20%.
Which are the prominent players in the market?
-
The prominent players in the market are IBM (US), Cisco (US), Check Point (Israel), FireEye (US), Trend Micro (Japan), NortonLifeLock (US), Rapid7 (US), Micro Focus (UK), Microsoft (US), Amazon Web Services (US), Oracle (US), Fortinet (US), Palo Alto Networks (US), Accenture (Ireland), McAfee (US), RSA Security (US), Forcepoint (US), Sophos PLC (UK), Imperva (US), Proofpoint (US), Juniper Network (US), Splunk (US), SonicWall (US), CyberArk (US), F-secure (Finland), Qualys (US), F5 (US), AlgoSec (US), SentinelOne (US), DataVisor (US), RevBits (US), Wi-Jungle (India), BluVector (US), Aristi Labs (India), Securden (US)..
At what CAGR is the market projected to grow within the forecast period?
-
The market is project to grow at a CAGR of 9.20% between 2023 and 2030.
What are the driving factors fueling the growth of the market.
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The driving factors of the Cyber Security include
- Rapidly Increasing Cybersecurity Incidents and Regulations Requiring its Reporting
Which region accounted for the largest share in the market?
-
North America was the leading regional segment of the Cyber Security in 2022.
