According to UnivDatos Research Report “Global Cybersecurity Market”, the market is expected to witness robust growth during the forecast period (2021-2027).
Cybersecurity is the technique of protecting internet-connected systems such as computers, servers, mobile devices, electronic systems, networks, and data from cyber-attacks is known as cybersecurity. Cybersecurity’s main objective is to protect critical data. These cyberattacks are usually aimed at accessing, changing, or destroying sensitive information, extorting money from users, or interrupting business processes. The demand for cybersecurity is increasing at propelling rate over the years and is expected to witness influential growth during the forecasted period as well. Factors that are positively impacting the growth of this market are increasing reliance on technology and the integration of technologies such as the internet of things, machine learning, and the cloud. Cyberattack is now an international concern that hacks the system, and other security attacks could endanger the global economy. Therefore, it is essential to have an excellent cybersecurity strategy to protect sensitive information from high-profile security breaches. Hence, the market is expected to witness robust growth during the forecast period.
This is mainly due to the rising number of e-commerce platforms coupled with the integration of technologies such as the internet of things, machine learning, and the cloud.
Based on deployment, the
cybersecurity market is segmented into cloud and on-premises. The on-premises
deployment held a considerable market share in 2020 and is expected to grow at
a robust growth rate during the forecast period. This is because several large
organizations prefer to have complete control of the solutions and on-premises
deployment provides complete customization and upgradation options to the
enterprises. On-premises deployment reduces dependency on third-party
organizations providing more protection from cyber-attacks
Based on industry, the
cybersecurity market is classified into banking and financial services,
healthcare, information and communication technology, government, and others.
The government sector held a substantial share in the cybersecurity market in
2020. Because governments and defense organizations are under a constant
security threat from individual or state-sponsored cyber-attacks. Hence, they are
investing heavily in strengthening their cyber security infrastructure.
North America to witness extensive growth
North America cybersecurity market is expected
to witness a substantial CAGR during the
forecast period. The growth of this market can be attributed to the rising
number of high-security breaches in the region. North America has been a prime
target for cybercriminals due to the presence of a high number of large, small,
and medium enterprises. The growing investments by end-users and high demand
for enterprise security are influencing the cybersecurity market positively.
The rising number of e-commerce platforms, the availability, and the adoption
of new technologies are further
contributing to the growth of the North American market.
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According to UnivDatos the key players
with a considerable market share in the global cybersecurity market are Cisco Systems
Inc., Check Point Software Technologies Ltd., Palo Alto Networks Inc., Fortinet
Inc., International Business Machines Corporation, Sophos Ltd., Oracle
Corporation, McAfee LLC, RSA Security LLC, NortonLifeLock Inc. along with
partnerships have been undertaken by these players to boost their presence in
different regions.
Global Cybersecurity Market
provides comprehensive qualitative and quantitative insights on the industry potential,
key factors impacting sales and purchase
decisions, hotspots, and opportunities available for the market players.
Moreover, the report also encompasses the key strategic imperatives for success
for competitors along with strategic factorial indexing measuring competitor's
capabilities on different parameters. This will help companies in the
formulation of go-to-market strategies and identifying the blue ocean for
its offerings.
Market
Segmentations:
By Type (Solutions and Services)
By Deployment (Cloud and On-premises)
By Organization size (Large Enterprises, On-premises)
By Industry (Banking and
Financial Services, Healthcare, Information and Communication Technology, Government, and Others)
By Region (North America, Europe, Asia-Pacific, Rest of the World)
By Company (Cisco Systems Inc., Check Point Software Technologies Ltd.,
Palo Alto Networks Inc., Fortinet Inc., International Business Machines
Corporation, Sophos Ltd., Oracle Corporation, McAfee LLC, RSA Security LLC, NortonLifeLock Inc.)
Key questions answered in the study:
What are the current
and future trends of the global cybersecurity industry?
How the industry has been evolving in
terms of type, deployment, organization, and industry?
How the competition has been shaping
across the countries followed by their comparative factorial indexing?
What are the key
growth drivers and challenges for the global cybersecurity industry?
What is the customer orientation, purchase behavior, and
expectations from the global cybersecurity suppliers across various region and countries?
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Table of Content –
1 MARKET INTRODUCTION
2 RESEARCH METHODOLOGY OR
ASSUMPTION
3 MARKET SYNOPSIS
4 EXECUTIVE SUMMARY
5 CYBERSECURITY MARKET COVID-19
IMPACT
6 CYBERSECURITY MARKET REVENUE
(USD BN), 2019-2027F
7 MARKET INSIGHTS BY TYPE
8 MARKET INSIGHTS BY DEPLOYMENT
9 MARKET INSIGHTS BY ORGANIZATION
SIZE
10 MARKET INSIGHTS BY INDUSTRY
11 MARKET INSIGHTS BY REGION
12 CYBERSECURITY MARKET DYNAMICS
13 CYBERSECURITY MARKET
OPPORTUNITIES
14 CYBERSECURITY MARKET TRENDS
15 LEGAL & REGULATORY FRAMEWORK
16 DEMAND AND SUPPLY SIDE ANALYSIS
17 VALUE CHAIN ANALYSIS
18 COMPETITIVE SCENARIO
19 COMPANY PROFILED
20 DISCLAIMER
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