Cybersecurity Market Size Driven by the Demand for Enhanced Data Security 2025

 

Market Overview

In its research report, Market Research Future (MRFR), emphasizes that the Global Cyber Security Market 2020 is expected to grow exponentially, securing a substantial market valuation of USD 199.98 Billion by 2025 and a healthy 10.5% CAGR over the review period.

Drivers and Restraints

A trend driving market growth is the rapid introduction of online and cloud-based applications. Also driving the demand for cybersecurity products and services is the increasing need for businesses to reduce risks and to strict compliance with regulatory requirements. An additional factor that boosts the demand is the rising occurrence of cyber-attacks globally. Nonetheless, a factor that hampers market growth during the forecast period is the restricted protection budget among the small and medium-sized enterprises.

The growing demand from banking, financial services and insurance (BFSI), IT and telecommunication and other verticals offers the profitable opportunity to the key players in the global market. Demand for cloud-based security solutions are developing, which provides market participants with a chance. In addition, cyber-security initiatives are now being prioritized and coordinated with strategic business operations to mitigate the harm to IT infrastructure, which offers the largest market growth potential. Increasing the need for strong authentication techniques will also provide lucrative business opportunities.

Segmental Analysis

The global cybersecurity market has been segmented based on component, organization size, deployment, security type, vertical, and region/country.

Based on the component, the global cybersecurity market has been divided into solutions and services. The solutions segment has been categorized as risk and compliance management, identity and access management, unified threat management, disaster recovery, firewall, web filtering, antivirus, data loss prevention, security information and event management and others. The services segment has been divided into managed services and professional services. The professional service is further classified as consulting, training & education, support & maintenance, and design & integration.

On the basis of security type, the global cybersecurity market has been divided into small- and medium-sized enterprise (SME) and large enterprise.

Based on the organization size, the global cybersecurity market has been categorized as wireless security, network security, endpoint security, application security, cloud security, and others.

Based on the deployment model, the global cybersecurity market has been segmented into the cloud and on-premise.



On the basis of vertical, the global cybersecurity market has been divided into BFSI, healthcare, manufacturing, IT & telecommunication, government, retail, aerospace & defense, and others.

Regional Analysis

The geographical overview of the global market has been conducted in four major regions, including the Asia Pacific, North America, Europe, and the rest of the world. North America accounted for the most significant market share, as the number of cyber-attacks is increasingly growing due to the businesses deploying cybersecurity solutions for security purposes. The US leads the North American market, as it is the most technologically developed region, and also has a strong cloud technology adoption.

Due to the rising need to combat cyber attacks, Asia-Pacific is projected to be the fastest-growing market during the review period. In addition, the businesses are increasingly adopting these technologies across all verticals to protect their network and data.

Competitive Analysis

The key market players operating in the global market as identified by MRFR are Intel Corporation (US), IBM Corporation (US), Symantec Corporation (US), HP Enterprise (US), Cisco Systems, Inc. (US), Rapid7, Inc. (US), EMC RSA (US), Carbon Black, Inc. (US), FireEye, Inc. (US), Trend Micro, Inc. (Japan), SecureWorks, Inc. (Dell Technologies)  (US), Sophos Ltd. (UK), Imperva (US), BAE Systems (UK), and Akamai Technologies (US).

Access Report Details @ https://www.marketresearchfuture.com/reports/cyber-security-market-953

 

Comments

Post a Comment

Popular posts from this blog

GERD and NERD Treatment Market Rising Uptake Of Technology In Medical And Healthcare Sector To Boost Industry’s Growth Market 2019 Market Highlights: GERD & NERD Treatment Market Research Report- Americas forecast till 2023 growing continuously and is expected to grow at a CAGR of 4.02 % from 2017 to 2023. Heartburn is the burning sensation in the chest behind the breastbone that we feel when stomach acid refluxes back into the esophagus (food tube). Increasing prevalence of gastric diseases has increased the investment in GERD medication for research and development. This is expected to further drive the demand for gastroenteric drugs. Major players in GERD & NERD treatment market Some of the major players in this market are ( U.S.), GlaxoSmithKline Plc (U.K), Ironwood Pharmaceuticals, Inc. (U.S.), Jeil pharmaceutical Co. Ltd. (South Korea), Johnson & Johnson (U.S.), Mederi Therapeutics Inc. (U.S.), Medigus Ltd. (Israel), Medtronic Inc. (U.S.), Merck & CO.,...
Read more
Air Ambulance Services Market Size, Share, Trends, Application  Global Air Ambulance Services Market  Overview The Global Air Ambulance Services Market is expected to reach USD 11,456.3 million by 2024 at a CAGR of 2.95% during the forecast period. Air ambulance manufacturers are investing heavily in advanced technologies to reduce costs and improve turnaround time. For instance, 3D printing is dramatically changing the way structures and components of aircraft are currently designed and manufactured. It reduces the design constraints that engineers face when using conventional fabrication techniques. Furthermore, the ability to fabricate functional electronics into complex structures using 3D printing allows manufacturers to offer air ambulances that operate effectively in adverse conditions such as inclement weather, tsunamis, droughts, and cyclones. Global Air Ambulance Services Market  Segmental Analysis The global air ambu...
Read more

Satellite Communication (SATCOM) Market Outlook And Opportunities With Future Growth Scenario By 2027

  Market Forecast The satellite communication (SATCOM) market is projected to register a  CAGR of 8.44%  between  2021 and 2027 .   SATCOM is used for the transmission of information from one place to another with the aid of a satellite that orbits around the Earth. SATCOM is employed for a wide range of mobile applications, including communication to aircraft, ships, vehicles, and hand-held terminals, as well as for TV and radio broadcasting. The increasing deployment of small satellites, growing demand for high-speed Internet, and rising adoption of maritime VSAT are primarily driving the market's growth. Additionally, increasing demand for small form factor SATCOM solutions and frequent launches of military satellitesare driving the global market's growth. Globally, military spending has increased significantly in recent years. Factors such as ongoing conflicts in the Middle East & Africa, long-standing tensions, territorial disputes between ...
Read more