Cyber Security Market Explore Future Growth 2026 by Global Top Players International Business Machine (IBM), Dell EMC, Intel Corporation, Sophos, Symantec Corporation, McAfee, FireEye Incorporated, Cisco Systems, Trend Micro

Coherent Market Insights has announced the addition of the “Cyber Security Market Size Status and Forecast 2026”, The report classifies the global Cyber Security Market in a precise manner to offer detailed insights about the aspects responsible for augmenting as well as restraining market growth.

This report studies the global Cyber Security Speaker market, analyzes and researches the Cyber Security Speaker development status and forecast in North America, Europe, Asia Pacific, Latin America and Rest of the World. This report focuses on the top players in global market, like International Business Machine (IBM), Dell EMC, Intel Corporation, Sophos, Symantec Corporation, McAfee, FireEye Incorporated, Cisco Systems, Trend Micro

The data stored on cloud or on-premises is vulnerable to cyber-attacks by various software such as Trojan horses and viruses, which consequently increases the requirement of cyber security solutions. Furthermore, increasing adoption of cyber security by industries such as banking, finance and insurance, government and military, and retail and manufacturing is another factor driving growth of the market. Banking and financial sector is the major end user of cyber security, as it uses cyber security to protect private data or cash related to customers, which is highly susceptible to cyber-threats. Increasing adoption of mobile devices is expected to boost growth of the market.

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Increasing number of payment gateways, e-Commerce websites, and mobile application that accept online transactions and store credit card and debit card information are also susceptible to hacking. According to the Reserve Bank of India (RBI), for the year 2015 – 2016, an estimated 16,468 frauds were reported associated with ATM, debit card, credit card, and net banking. In 2014 – 2015 the number of frauds were 13,083 and 9,500 in the year 2013 – 14, reported by RBI. These factors are expected to fuel growth of cyber security market over the forecast period.

On the basis of component, the global cyber security market is segmented into:

Services
Solutions

On the basis of security type, the global cyber security market is segmented into:

Network Security
Application Security
Cloud Security
End-Point Security
Wireless Security

On the basis of deployment mode, the global cyber security market is segmented into:

Cloud
On-Premises

On the basis of organization size, the global cyber security market is segmented into:

Small and Medium-Sized Enterprises
Large Enterprises

On the basis of end-use industry, the global cyber security market is segmented into:

Aerospace and Defense
Government
Banking, Financial Services, and Insurance
IT and Telecom
Healthcare
Retail and Manufacturing
Energy and Utilities

North America accounted for largest market share in global cyber security market in 2017, owing increasing number of cyber-attacks in this region. U.S. accounted for the major market in the region, owing to constant cyber-attacks on industries such as healthcare, banking and financial, and retail and manufacturing. According to the Internet Crime Complaint Center (IC3), in 2016, cybercrimes were valued at over US$ 1.33 billion worldwide, where California witnessed the recorded loss of over US$ 255 million. Moreover, in 2016, about 28% of web application attacks were recorded in the U.S., followed by the Netherlands and Germany.

Cyber security provides protection to data, hardware, and software from cyber-attacks and damage caused by Internet, data and code injection. Cyber security allows organizations to protect their data from cyber-attacks by providing solutions such as incident management, Unified Threat Management (UTM), risk and compliance management, and Identity and Access Management (IAM). Increasing demand for cyber security solutions due to increasing incidences of cyber-attacks is major factor driving growth of the cyber security market.

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Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.

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This release was published on openPR.