Cybersecurity Market Research Report: Size, Share, Growth, Trends and Forecast 2030

By
Zaraki Kenpachi
-

Cybersecurity Market: Introduction

  • Cybersecurity is the process of protecting networks, systems, and programs from digital attacks. Cyber-attacks are usually aimed at changing, accessing, or destroying sensitive information; extorting money from users; or interrupting normal business processes.
  • As the world relies more on technology, cybersecurity plays a crucial role in protecting the digital data of governments and various business.
  • Different forms of cybercrimes, such as phishing and hacking have increased rapidly, especially after the increasing use of internet during the COVID-19 quarantine phase, which has led to business interruptions and financial losses around the world.

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Global Cybersecurity Market: Dynamics

Global Cybersecurity Market: Key Drivers and Restraints

  • Increase in the frequency and sophistication of cyber-attacks is one of the major factors driving the growth of the cybersecurity market.
  • The growing need for advanced cybersecurity among small and large enterprises is likely to be a major triggering factor for the market in the coming years.
  • The occurrence of massive cyber-attacks across the world is gradually increasing. Cyber terrorists attack endpoints, data, networks, and other IT infrastructure that leads to huge financial losses to enterprises, individuals, and governments. This in turn is expected to accelerate the growth of the cybersecurity market.
  • Leveraging artificial intelligence, machine learning, and Blockchain technologies for cyber defense is projected to create an opportunity for the cybersecurity market.
  • However, use of pirated and open source cybersecurity solutions are expected to hamper the growth of the market.

Global Cybersecurity Market: Competitive Landscape

Key Players Operating in the Global Cybersecurity Market

Local, regional, and international players are present in the cybersecurity market. The market is highly consolidated, with top manufacturers accounting for approximately 25%–30% share. Key players operating in the global cybersecurity market are:

  • BAE Systems Plc
  • Check Point Software Technologies Ltd.
  • Cisco Systems Inc.
  • FireEye Inc.
  • Fortinet Inc.
  • Hewlett Packard Enterprise Development LP
  • IBM Corporation
  • Intel Corporation
  • McAfee LLC
  • Microsoft Corporation
  • Oracle Corporation
  • Symantec Corporation
  • Trend Micro Inc.
    • In April 2018, IBM Security and McAfee extended their partnership to integrate IBM IRP with Data Exchange Layer (DXL) and provide better protection through automation and intelligence sharing.
    • In April 2018, Symantec announced the development of a powerful threat detection technology used by its world-class research teams. Symantec’s Targeted Attack Analytics (TAA) enables advanced threat protection (ATP), thereby helping customers leverage advanced machine learning and discover targeted attacks.
    • In January 2018, FireEye acquired X15 Software, a provider of big data and machine learning-based solutions and plans to add X15 Software’s big data and machine learning capabilities to its security tools.

Global Cybersecurity Market: Research Scope

Global Cybersecurity Market Segmentation, by Deployment

  • Cloud
  • On- premise

Global Cybersecurity Market Segmentation, by Security Type

  • Network Security
  • Endpoint Security
  • Application Security
  • Cloud Security
  • Others (Content security, ICS security, database security, and web security)

Global Cybersecurity Market Segmentation, by Component

  • Solutions
    • Threat Intelligence
    • Identity and Access Management
    • Security and Vulnerability Management
    • Risk and Compliance Management
    • Unified Threat Management
    • Firewall
    • Antivirus/ Antimalware
    • Others (threat intelligence platforms, SIEM, and incident forensics, etc.)
  •  Services
    • Professional
      • Training and Consulting
      • Integration and Deployment
      • Support and Maintenance
    • Managed

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Global Cybersecurity Market Segmentation, by Industry

  • BFSI
  • IT & Telecommunication
  • Retail
  • Healthcare
  • Government
  • Manufacturing
  • Travel & Transportation
  • Energy & Utilities
  • Others

Global Cybersecurity Market Segmentation, Enterprise Size

  • Large Enterprise
  • Small & Medium Enterprise

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