
Global Cyber Security Market Forecast 2023-2032
Description
Global Cyber Security Market Forecast 2023-2032
KEY FINDINGS
The global cyber security market is projected to register a CAGR of 9.82% during the forecast period, 2023-2032. The escalating geopolitical tensions and state-sponsored cyberattacks, the surging digital transformation across industries, compliance with stringent data protection regulations, and the growing sophistication of cyberattacks.
MARKET INSIGHTS
Cyber threats and attacks, including data breaches, ransomware, and phishing, have become more sophisticated, compelling organizations to invest in robust cybersecurity solutions. The proliferation of cyber threats, especially in the wake of the COVID-19 pandemic, has driven organizations to focus on strengthening their cybersecurity posture. New threats continue to emerge, necessitating advanced security measures. Also, as organizations migrate their operations and data to the cloud, the demand for cloud security solutions and services has surged. Protecting data in virtual environments is now a top priority.
The ongoing digital transformation in numerous industries has become a major driver for the expansion of the cybersecurity sector in Europe. As businesses progressively integrate digital technologies to streamline operations, boost efficiency, and elevate customer experiences, the potential targets for cybercriminals have notably broadened. This progression has heightened the need for strong cybersecurity measures and solutions.
REGIONAL INSIGHTS
The global cyber security market growth assessment includes the geographical analysis of North America, Europe, Asia-Pacific, and Rest of World. Asia-Pacific is the fastest-growing region in the global market, accredited to strict regulatory frameworks and the increasing awareness of the importance of cybersecurity.
COMPETITIVE INSIGHTS
Competition in the sector is fueled by elements like ongoing technological progress, pricing tactics, the quality and effectiveness of cybersecurity services, and the capacity to respond to emerging threats. Some of the leading firms in the market are Palo Alto Networks Inc, Fortinet Inc, International Business Machines Corporation, MacAfee LLC, etc.
Our report offerings include:
• Explore key findings of the overall market
• Strategic breakdown of market dynamics (Drivers, Restraints, Opportunities, Challenges)
• Market forecasts for a minimum of 9 years, along with 3 years of historical data for all segments, sub-segments, and regions
• Market Segmentation caters to a thorough assessment of key segments with their market estimations
• Geographical Analysis: Assessments of the mentioned regions and country-level segments with their market share
• Key analytics: Porter's Five Forces Analysis, Vendor Landscape, Opportunity Matrix, Key Buying Criteria, etc.
• The competitive landscape is the theoretical explanation of the key companies based on factors, market share, etc.
• Company profiling: A detailed company overview, product/services offered, SCOT analysis, and recent strategic developments
Table of Contents
236 Pages
- 1. Research Scope & Methodology
- 1.1. Study Objectives
- 1.2. Methodology
- 1.3. Assumptions & Limitations
- 2. Executive Summary
- 2.1. Market Size & Estimates
- 2.2. Market Overview
- 2.3. Scope Of Study
- 2.4. Crisis Scenario Analysis
- 2.4.1. Impact Of Covid-19 On Cyber Security Market
- 2.5. Major Market Findings
- 2.5.1. The Zero Trust Model, Which Assumes That Threats May Already Exist Inside The Network, Is Gaining Traction
- 2.5.2. Shift To Remote Work Has Increased The Attack Surface
- 2.5.3. Companies Specializing In Threat Detection, Incident Response, And Threat Intelligence Services Are Poised For Growth
- 2.5.4. Ai-driven Cybersecurity Solutions, Including Behavior Analytics And Threat Intelligence, Are Expanding
- 3. Market Dynamics
- 3.1. Key Drivers
- 3.1.1. Rising Frequency And Sophistication Of Cyberattacks
- 3.1.2. Compliance With Stringent Data Protection Regulations
- 3.1.3. Expanding Attack Surface Due To Ongoing Digital Transformation Across Various Industries
- 3.1.4. Geopolitical Tensions And State-sponsored Cyberattacks Underscore Cyber Security Efforts’ Importance
- 3.2. Key Restraints
- 3.2.1. Shortage Of Skilled Cyber Security Professionals
- 3.2.2. Small And Medium-sized Enterprises (Smes) And Public Institutions May Have Limited Budgets For Cyber Security Investments
- 3.2.3. Cyber Threats Are Constantly Evolving, With Attackers Developing New Tactics And Techniques
- 4. Key Analytics
- 4.1. Key Market Trends
- 4.1.1. Thriving Cyber Security Start-up Ecosystem With Cutting-edge Solutions
- 4.1.2. New Vulnerabilities Due To The Growing Internet Of Things (Iot)
- 4.1.3. Increasing Need For Cloud Security Solutions Due To Data And Application Migration To The Cloud
- 4.1.4. Rising Digital Payment Methods And Online Financial Services
- 4.2. Porter’s Five Forces Analysis
- 4.2.1. Buyers Power
- 4.2.2. Suppliers Power
- 4.2.3. Substitution
- 4.2.4. New Entrants
- 4.2.5. Industry Rivalry
- 4.3. Growth Prospect Mapping
- 4.3.1. Growth Prospect Mapping For United States
- 4.3.2. Growth Prospect Mapping For Belgium
- 4.3.3. Growth Prospect Mapping For India
- 4.3.4. Growth Prospect Mapping For Middle East
- 4.4. Market Maturity Analysis
- 4.5. Market Concentration Analysis
- 4.6. Value Chain Analysis
- 5. Market By Component
- 5.1. Hardware
- 5.2. Software
- 5.3. Service
- 5.3.1. Professional Services
- 5.3.2. Managed Services
- 6. Market By Solution
- 6.1. Unified Threat Management
- 6.2. Ids/Ips
- 6.3. Dlp
- 6.4. Iam
- 6.5. Siem
- 6.6. Ddos
- 6.7. Risk & Compliance
- 6.8. Other Solutions
- 7. Market By Security Type
- 7.1. Endpoint Security
- 7.2. Cloud Security
- 7.3. Network Security
- 7.4. Application Security
- 7.5. Infrastructure Protection
- 7.6. Data Security
- 7.7. Other Security Types
- 8. Market By Deployment
- 8.1. Cloud-based
- 8.2. On-premises
- 9. Market By Organization Size
- 9.1. Large Enterprises
- 9.2. Medium Enterprises
- 9.3. Small Enterprises
- 10. Market By Industry Vertical
- 10.1. It & Telecom
- 10.2. Retail
- 10.3. Bfsi
- 10.4. Healthcare
- 10.5. Government
- 10.6. Manufacturing
- 10.7. Energy
- 10.8. Defense
- 10.9. Other Industry Verticals
- 11. Geographical Analysis
- 11.1. North America
- 11.1.1. Market Size & Estimates
- 11.1.2. North America Cyber Security Market Drivers
- 11.1.3. North America Cyber Security Market Challenges
- 11.1.4. North America Cyber Security Market Regulatory Framework
- 11.1.5. Key Players In North America Cyber Security Market
- 11.1.6. Country Analysis
- 11.1.6.1. United States
- 11.1.6.1.1. United States Cyber Security Market Size & Opportunities
- 11.1.6.2. Canada
- 11.1.6.2.1. Canada Cyber Security Market Size & Opportunities
- 11.2. Europe
- 11.2.1. Market Size & Estimates
- 11.2.2. Europe Cyber Security Market Drivers
- 11.2.3. Europe Cyber Security Market Challenges
- 11.2.4. Europe Cyber Security Market Regulatory Framework
- 11.2.5. Key Players In Europe Cyber Security Market
- 11.2.6. Country Analysis
- 11.2.6.1. United Kingdom
- 11.2.6.1.1. United Kingdom Cyber Security Market Size & Opportunities
- 11.2.6.2. Germany
- 11.2.6.2.1. Germany Cyber Security Market Size & Opportunities
- 11.2.6.3. France
- 11.2.6.3.1. France Cyber Security Market Size & Opportunities
- 11.2.6.4. Italy
- 11.2.6.4.1. Italy Cyber Security Market Size & Opportunities
- 11.2.6.5. Spain
- 11.2.6.5.1. Spain Cyber Security Market Size & Opportunities
- 11.2.6.6. Belgium
- 11.2.6.6.1. Belgium Cyber Security Market Size & Opportunities
- 11.2.6.7. Netherlands
- 11.2.6.7.1. Netherlands Ecommerce Market Size & Opportunities
- 11.2.6.8. Rest Of Europe
- 11.2.6.8.1. Rest Of Europe Cyber Security Market Size & Opportunities
- 11.3. Asia-pacific
- 11.3.1. Market Size & Estimates
- 11.3.2. Asia-pacific Cyber Security Market Drivers
- 11.3.3. Asia-pacific Cyber Security Market Challenges
- 11.3.4. Asia-pacific Cyber Security Market Regulatory Framework
- 11.3.5. Key Players In Asia-pacific Cyber Security Market
- 11.3.6. Country Analysis
- 11.3.6.1. China
- 11.3.6.1.1. China Cyber Security Market Size & Opportunities
- 11.3.6.2. Japan
- 11.3.6.2.1. Japan Cyber Security Market Size & Opportunities
- 11.3.6.3. India
- 11.3.6.3.1. India Cyber Security Market Size & Opportunities
- 11.3.6.4. South Korea
- 11.3.6.4.1. South Korea Cyber Security Market Size & Opportunities
- 11.3.6.5. Indonesia
- 11.3.6.5.1. Indonesia Cyber Security Market Size & Opportunities
- 11.3.6.6. Thailand
- 11.3.6.6.1. Thailand Cyber Security Market Size & Opportunities
- 11.3.6.7. Vietnam
- 11.3.6.7.1. Vietnam Cyber Security Market Size & Opportunities
- 11.3.6.8. Australia & New Zealand
- 11.3.6.8.1. Australia & New Zealand Cyber Security Market Size & Opportunities
- 11.3.6.9. Rest Of Asia-pacific
- 11.3.6.9.1. Rest Of Asia-pacific Cyber Security Market Size & Opportunities
- 11.4. Rest Of World
- 11.4.1. Market Size & Estimates
- 11.4.2. Rest Of World Cyber Security Market Drivers
- 11.4.3. Rest Of World Cyber Security Market Challenges
- 11.4.4. Rest Of World Cyber Security Market Regulatory Framework
- 11.4.5. Key Players In Rest Of World Cyber Security Market
- 11.4.6. Regional Analysis
- 11.4.6.1. Latin America
- 11.4.6.1.1. Latin America Cyber Security Market Size & Opportunities
- 11.4.6.2. Middle East & Africa
- 11.4.6.2.1. Middle East & Africa Cyber Security Market Size & Opportunities
- 12. Competitive Landscape
- 12.1. Key Strategic Developments
- 12.1.1. Mergers & Acquisitions
- 12.1.2. Product Launches & Developments
- 12.1.3. Partnerships & Agreements
- 12.2. Company Profiles
- 12.2.1. Bae Systems Plc
- 12.2.1.1. Company Overview
- 12.2.1.2. Product List
- 12.2.1.3. Strengths & Challenges
- 12.2.2. Broadcom Inc
- 12.2.2.1. Company Overview
- 12.2.2.2. Product List
- 12.2.2.3. Strengths & Challenges
- 12.2.3. Check Point Software Technology Ltd
- 12.2.3.1. Company Overview
- 12.2.3.2. Product List
- 12.2.3.3. Strengths & Challenges
- 12.2.4. Cisco Systems Inc
- 12.2.4.1. Company Overview
- 12.2.4.2. Product List
- 12.2.4.3. Strengths & Challenges
- 12.2.5. Fortinet Inc
- 12.2.5.1. Company Overview
- 12.2.5.2. Product List
- 12.2.5.3. Strengths & Challenges
- 12.2.6. International Business Machines Corporation
- 12.2.6.1. Company Overview
- 12.2.6.2. Product List
- 12.2.6.3. Strengths & Challenges
- 12.2.7. Lockheed Martin Corporation
- 12.2.7.1. Company Overview
- 12.2.7.2. Product List
- 12.2.7.3. Strengths & Challenges
- 12.2.8. Logrhythm Inc
- 12.2.8.1. Company Overview
- 12.2.8.2. Product List
- 12.2.8.3. Strengths & Challenges
- 12.2.9. Mcafee Llc
- 12.2.9.1. Company Overview
- 12.2.9.2. Product List
- 12.2.9.3. Strengths & Challenges
- 12.2.10. Palo Alto Networks Inc
- 12.2.10.1. Company Overview
- 12.2.10.2. Product List
- 12.2.10.3. Strengths & Challenges
- 12.2.11. Proofpoint Inc
- 12.2.11.1. Company Overview
- 12.2.11.2. Product List
- 12.2.11.3. Strengths & Challenges
- 12.2.12. Sophos Technologies Pvt Ltd
- 12.2.12.1. Company Overview
- 12.2.12.2. Product List
- 12.2.12.3. Strengths & Challenges
- 12.2.13. Trellix
- 12.2.13.1. Company Overview
- 12.2.13.2. Product List
- 12.2.13.3. Strengths & Challenges
- 12.2.14. Trend Micro Inc
- 12.2.14.1. Company Overview
- 12.2.14.2. Product List
- 12.2.14.3. Strengths & Challenges
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