Cyber Security Market- Detailed Analysis report with Top Key players: BAE Systems, RSA Security, IBM, Symantec, Palo Alto Networks, Fortinet, FireEye, Inc., Check Point Software Technologies, Ltd., Cisco, Juniper Networks

The cyber security market has been gaining traction due to its increased adoption in multiple industries, such as aerospace and defense, government, banking, financial services and insurance (BFSI), healthcare, retail, IT & telecom, and manufacturing. Cyber security solutions have been garnering higher revenues as compared to services; however, a higher growth is being witnessed in the services category. They enable enterprises to identify threats and protect organizations’ data from lethal cyber-attacks. It speeds up the process of noticing attacks and enables organizations to adopt predictive measures in combating cyber-crimes, which has been driving its market.

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Insights on market segments

Based on security type, application was globally the largest security type, with $18.7 billion in 2016. Large enterprises accounted for larger share of the cyber security market compared to SMEs. The demand for cyber security has been growing by more than 5% in all the industries, however, the highest growth in demand has been observed from BFSI, where the rate of cyber-attacks is very high.

Cyber security solutions accounted for over 60% of the cyber security market in 2016, however, owing to a higher growth rate, the market share for services is expected to rise during the forecast period. The major types of solutions include risk and compliance management, identity and access management, firewall, security and vulnerability management, and others, where risk and compliance management hold the largest market. Disaster recovery had a comparatively smaller market size in 2016 among the solution types, and is expected to witness the highest growth of over 19%, during the forecast period.

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Top Key Players in Cyber Security Market

BAE Systems
RSA Security
IBM
Symantec
Palo Alto Networks
Fortinet
FireEye, Inc.
Check Point Software Technologies, Ltd.
Cisco
Juniper Networks

Cyber Security Market Segmentation
Market Breakdown by Component
• Solution
o Risk and Compliance Management
o Identity and access management (IAM)
o Firewall
o Security and vulnerability management (SVM)
o Encryption
o Intrusion detection system/intrusion prevention system (IDS / IPS)
o Unified threat management (UTM)
o Disaster recovery
o Web Filtering
o Distributed Denial of Service (DDOS) mitigation
o Antivirus/Antimalware
o Data loss prevention
• Services
o Managed
o Professional
Market Breakdown by Security Type
• Application
• Network
• End-point
• Cloud
• Wireless
• Others (Email security, Web security, Information security, and Perimeter security)
Market Breakdown by Deployment Type
• On-Premises
• Cloud
• Market Breakdown by Organization Size
• Large Enterprises
• Small and Medium Enterprises (SMEs)
Market Breakdown by Industry
• Aerospace and Defense
• Government and Public Utilities
• Banking, Financial Services, and Insurance (BFSI)
• Healthcare
• Retail
• IT and Telecom
• Manufacturing
• Others (Education, Automotive, Hospitality)
Market Breakdown by Geography
• North America
o By Component
o By Security Type
o By Deployment Type
o By Organization Size
o By Industry
o By Country – U.S., Canada
• Europe
o By Component
o By Security Type
o By Deployment Type
o By Organization Size
o By Industry
o By Country- U.K., Russia, Ireland, Rest of Europe
• Asia-Pacific
o By Component
o By Security Type
o By Deployment Type
o By Organization Size
o By Industry
o By Country- China, Australia, India, South Korea, Rest of APAC
• Middle East & Africa (MEA)
o By Component
o By Security Type
o By Deployment Type
o By Organization Size
o By Industry
o By Country- South Africa, Nigeria, Kenya, Morocco, Rest of MEA
• Latin America
o By Component
o By Security Type
o By Deployment Type
o By Organization Size
o By Industry
o By Country- Brazil, Mexico, Rest of Latin America

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