|03-14-2019 09:43 PM CET - IT, New Media & Software||
Cyber Security Market Expected to Hit USD 242.57 Billion by 2023 | CAGR: 15.19% | Global Key Vendors - AVG Technologies, Check Point Software, Cisco, Cyber Ark Software, Dell, FireEye, IBM, Intel Security
Press release from: Market Prognosis
Marketprognosis.com Publish a New Market Research Report On “Global Cyber Security Market 2019 - 2023” which contains global key player’s survey information and forecast to 2023.
Overview of the Global Cyber Security Market:
The Global Cyber Security Market was valued at USD 103.84 Billion in 2017 and is expected to reach a value of USD 242.57 Billion by 2023 at a CAGR of 15.19% over the forecast period of 2018–2023.
Cyber threats are internet-based attempts to damage or disrupt information systems and hack critical information using spyware, malware, and phishing. Cybersecurity solutions help an organization to monitor, detect, report, and counter cyber threats to maintain data confidentiality.
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Aerospace and Defense Industry to Stay on Top; Airplane navigation and guidance systems can be highly susceptible to cyber-attacks, which can have widespread ramifications. Hence, the computers and networks for all the ground and air-borne operations need strong security infrastructure. The increasing adoption of Machine-to-Machine Technologies (M2M) in the aerospace domain and the focus of the governments on cybersecurity to counter cyber terrorism has driven the growth of the cybersecurity market in this sector immensely, in the past four years.
The Aerospace Industries Association (AIA) has long focused on promoting policies that strengthen the aerospace and defense industry and convening the crucial conversations on these same policies and issues with key stakeholders from across the public and private sectors. Defense companies, such as BAE Systems PLC, General Dynamics Corporation, Finmeccanica S.p.A., are engaged in developing cybersecurity solutions in the defense industry, especially in developing network security solutions and software, to prevent cyber-attacks on military software systems, proving the increasing demand from the sector.
Geographically, North America is expected to retain its position as the largest market for cybersecurity solutions, over the forecast period. The strong presences of several market incumbents, coupled with recent security threats in the region, are expected to drive the adoption of these solutions further. According to the recent annual budget plans of Trump government, the United States government has earmarked more than USD 19 billion for cybersecurity-related initiatives. This was majorly due to the increasing number of cyber-attacks in the nation.
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Major Key Players:
1 AVG Technologies
2 Check Point Software Technologies Ltd
3 Cisco Systems, Inc.
4 Cyber Ark Software, Ltd
5 Dell Technologies, Inc.
6 FireEye, Inc.
8 IBM Corporation
10 Intel Security and More……………….
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What Information does this report contain?
1 A detailed analysis of regulatory trends, drivers, industry pitfalls, challenges and growth opportunities for participants
2 Which companies lead the industry, how are they positioned in the market in terms of sustainability, competency, production capacity and strategic outlook?
3 Which are the leading market products, applications & regions and how will they perform by 2023?
4 What are the technologies & innovation trends, how will they evolve by 2023?
In the end, this report covers data and information on capacity and production overview, production, market share analysis, sales overview, supply, sales, and shortage, import, export and consumption as well as cost, price, revenue and gross margin of Cyber Security Market.
Table of Contents:
2 Executive Summary
3 Cyber Security Market Overview
4 Cyber Security Market Dynamics
5 Cyber Security Market Segmentation
6 Vendor Market Share
7 Company Profiles
8 Investment Analysis
9 Future of the Market
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