Cybersecurity Market Survey, Analysis and Forecast for the Next 5 Years

The "Cybersecurity Market" Report offers a thorough analysis of prominent competitors and their market shares, providing valuable insights into the competitive landscape. Alongside important metrics like sales, revenue, average selling price, and gross margin, the report explores significant growth prospects for industry leaders. Serving as an all-inclusive resource, this research provides a comprehensive overview of the market and its potential for expansion, making it an essential tool for investors and business professionals alike.

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The global cybersecurity market is expected to experience rapid growth due to increased digitalization, higher spending on information security, and the advent of 5G technology.

The market is projected to expand at a compound annual growth rate (CAGR) of 11.6% during the period of 2017 to 2022.

Various industrial and commercial sectors are adopting cybersecurity solutions to safeguard their data, and this trend is expected to continue in the foreseeable future.

Looking at the solution segment, governance, risk and compliance solutions occupied a market share of 51% in 2017, as most of the global compliance norms necessitate data security. Government departments are the largest consumers of these solutions, as they need to maintain huge volumes of data, including information of the citizens, government strategies, and planning, etc. Identity and access management (IAM) solutions also occupy a large share (26%) of the market. Stolen credentials of employees are the leading facilitators of system hacking cases and data breach incidents, which is expected to cost businesses around USD 2 trillion by 2019, globally. Hence, stronger mechanisms such as multi-factor and biometric authentication are witnessing rapid adoption. Encryption solutions are gaining grounds due to the proliferation of data shared on social media and stored in virtual storage devices. It is expected to expand at a CAGR of 17.9% during the forecast period.

In the end-use industry segment, the financial services industry is the largest consumer of cybersecurity solutions, with a global share of 39% in 2017. With the digitalization of financial services, cyberattacks continue to threaten data privacy and customer loyalty. Advancements in machine learning and analytics allow financial organizations to detect abnormalities in the transaction of data and take necessary corrective actions. Sectors such as government, telecommunications, and healthcare occupy 20%, 16%, and 15% of the market, respectively, in 2017. High growth is expected in the defense sector during the forecast period due to the increasing use of the Internet of Things (IoT) to connect aircraft, ground vehicles, ships, and weapons systems.

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In terms of regional insights, North America has shown the highest adoption of cybersecurity products, occupying approximately 37% of the global market in 2017. Across the United States (U.S.), private and public agencies are implementing cybersecurity systems to safeguard their stakeholders. Recently, the U.S. Defense Secretary established a task force to recommend ways to curb theft of critical technologies by adversary countries. Europe and Asia-Pacific comprised 25% and 20%, respectively, of the global cybersecurity market. Since the adoption of the European Union's (EU) cybersecurity strategy in 2013, the European Commission has pushed up its activities and efforts to provide better security to Europeans in various online activities. The Latin America market has started to pick up as the Brazilian government signed a contract in 2017 with Microsoft to update its cybersecurity systems in order to tackle the repeated cyberattacks coming from WannaCry ransomware.

Several companies are currently operating in the cybersecurity market, including Symantec Corporation, Check Point Technology Ltd., Palo Alto Networks, Fortinet, FireEye, Trend Micro Inc., Proofpoint Corp., KPMG, and IBM Corp.

The report provides a detailed analysis of the cybersecurity market in different regions and countries, including North America (U.S. & Canada), Latin America (Brazil, Mexico, Argentina, Rest of Latin America), Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC(Finland, Sweden, Norway, Denmark), Ireland, Switzerland, Austria, Poland, Turkey, Russia, Rest of Europe), Asia-Pacific (China, India, Japan, South Korea, Singapore, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific), and the Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa).

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Scope of the Report:

The scope of this report encompasses a comprehensive analysis of the market growth expected to occur from 2023 to 2030. Through meticulous research, we have organized data pertaining to the evolving market structures that exert influence on industries, markets, technologies, and capabilities. Our report presents a thorough examination of relevant statistics, opportunities, challenges, drivers, restraints, limits, market size, share, and trends. By delivering valuable insights, we aim to provide a comprehensive understanding of the market landscape.

Here are the key highlights of the report:

• Comprehensive assessments of the market share for Invisible Braces, conducted at both country and regional levels.
• In-depth analysis of the competitive landscape, identifying key trends within the industry.
• Thorough examination of market trends, encompassing product and technology advancements, drivers and barriers, and an analysis based on PORTER's five forces.
• Strategic recommendations tailored for crucial business segments, leveraging market forecasts.
• Guidance provided for new market entrants, assisting them in navigating the industry landscape.
• Market forecasts encompassing all pertinent segments, sub-segments, and regional markets.

Our sample report encompasses the following elements:

• Introduction, Overview, and In-depth Industry Analysis: A comprehensive analysis of the industry, providing an updated report introduction along with an in-depth examination of key aspects.
• Research Report of 100+ Pages: The report consists of more than 100 pages, incorporating the latest research findings and insights.
• Chapter-wise Guidance: We offer chapter-wise guidance upon request, allowing you to navigate the report and delve into specific areas of interest.
• Updated Regional Analysis with Graphical Representation: Our report includes an updated regional analysis, presented in a graphical format to illustrate the size, share, and emerging trends within each region.
• List of Tables and Figures: It features an updated list of tables and figures that support the information presented in the report.
• Top Market Players: The report includes a comprehensive analysis of the leading market players, highlighting their business strategies, sales volume, and revenue analysis.
• Facts and Factors Research Methodology: Our research methodology is based on a rigorous approach, ensuring the accuracy and reliability of the information presented in the report.

Our most recent research report showcases the thriving expansion of the global Cybersecurity Market and offers in-depth insights into the projected market size, share, and revenue until 2030.

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