Global Cyber Security Market - By Industry, Solutions, Services, and Geography (2015 - 2020)
The Global Cyber Security Market has been estimated at USD 75 billion and is projected to reach USD 170 billion by 2020, at a Compound Annual Growth Rate (CAGR) of 17.67% from 2015 to 2020.
Many of the critical infrastructure components are completely dependent on IT systems to perform their missions. The IT sector provides the foundation for information exchange for all other sectors including voice, data, video, and Internet connectivity. As such, IT systems are part in parcel of other key security and emergency preparedness resources and are an important component of the overall national critical infrastructure. Cyber infrastructure protection and security is one of the impending matters in the recent international security environment.
As the technological advancements are exponentially rising in IT market industry there are also new security challenges to be addressed in this field. After Edward Snowden exposed the snooping activities of global communication channels, many of the nations are jolted over the security situation and raised the concerns over the USAâ€™s act of massive surveillance. Information Warfare, which is the competitive use of information in survival contests, has been a pervasive feature of conflicts since the beginnings of recorded history.
Global Cyber Security Market Share â€“ By Industry
The advent of digital technologies for the collection, storage, analysis and distribution of information has created world of insecurity which raised numerous new opportunities in the global cyber security market. According to recent various white paper reports, data breaches significantly impact consumer confidence. In the case of one major breach, for example, the most of the cloud based companies saw a 46 percent drop in profit the quarter after the breach occurred. Cyber threat became a major challenge for startups and e-commerce companies which are completely based on cloud systems. According to research conducted, companies have invested more than USD 75 billion on cyber security in the past year with a further cost of around USD 450 billion on recovering from cyber-attacks. Heavy reliance on IT infrastructure and lack of contingency and mitigation cyber polices at the place is the major drawback of this market.
Global Cyber Security Market Share â€“ By Region
The cyber security market is segmented by Industry (Aerospace, defense, and intelligence, Public utilities, Banking, Financial Services, Insurance, Telecommunication, Healthcare, Retail, Manufacturing and others),by solution (Threat intelligence and response, enterprise incident management, security architecture implementation, identity and access management (IAM), Enterprise risk and compliance, Education and Awareness), by services (Building out the infrastructure developments, digitization of administration sections, establishing smart grid networks, providing an advanced health care systems, Securing the Internet of Things, Establishing state of the art defense security) and by geography (North America, Asia Pacific, Latin America, Europe, and Middle East)
The report includes the competitive assessment in terms of overview of market players, profiles, products and services, business strategies, recent developments and innovation, market landscape, future trends and forecasts, and mergers & acquisitions. The major companies dominating this market for its products, services, and continuous product developments are IBM, Cisco Systems, Inc., Dell, Root 9B, Herjavec, Check Point Software Technologies Ltd., Palo Alto Networks, Symantec Corp, Trend Micro, Inc., Fortinet, Inc., FireEye Inc., Proofpoint, Imperva, Inc., CyberArk Software, Ltd., AVG technologies.
Key Deliverables in the Study
Market analysis for the Global Cyber Security Market, with region specific assessments and competition analysis on global and regional scales Market definition along with the identification of key drivers and restraints Identification of factors instrumental in changing the market scenarios, rising prospective opportunities, and identification of key companies that can influence this market on a global and regional scale Extensively researched competitive landscape section with profiles of major companies along with their market shares Identification and analysis of the macro and micro factors that affect the Global Cyber Security Market on both global and regional scales A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information A wide-ranging knowledge and insights about the major players in this industry and the key strategies adopted by them to sustain and grow in the studied market Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
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