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Cyber Security Market is poised to register the highest CAGR of 11.9% from 2018 to 2025 | Key Players Includes include Accenture, Cognizant, Capgemini, IBM Corporation, HCL Technologies Limited, Tata Consultancy Services

06-10-2019 10:57 AM CET | IT, New Media & Software

Press release from: Allied Market Research

Cyber Security

Cyber Security

Allied Market Research published a report, titled, “Cyber Security Market By Component (Solutions and Services), Solution/Offerings (Identity and Access Management, Infrastructure Security, Governance, Risk, & Compliance, Unified vulnerability management service offering, and Data security and Privacy service offering), Deployment Type (Cloud and On-Premises), User type (Large enterprises and Small & Medium Enterprises), And Industry Verticals (Aerospace and Defense, BFSI, Public sector, Retail, Healthcare, IT and Telecom, Energy and Utilities, Manufacturing, and Others): Global Opportunity Analysis And Industry Forecast, 2018–2025.” According to the report, the global cyber security market garnered $104.60 billion in 2017 and is expected to generate $258.99 billion by 2025, growing at a CAGR of 11.9% from 2018 to 2025.

Download Sample at: https://www.alliedmarketresearch.com/request-sample/1770

The surge in trend of IoT & BYOD, rise in threats of malware and phishing among enterprises an increase in demand for cloud-based cybersecurity solutions facilitate the market growth. On the other hand, complexities related to the security of devices and budgetary constraints hinder the growth of the market. Contrarily, an increase in requirement for strong authentication methods and transformation in the antivirus industry create new growth opportunities for the market.

Solutions segment to continue its dominant share in terms of revenue by 2025:

Based on the component, the solutions segment accounted for more than two-thirds of the total market share and is projected to continue its dominant share in terms of revenue by 2025. This is attributed to a surge in requirements for monitoring external and in-house threats in large and small & medium enterprises. On the other hand, the services segment is expected to grow at the fastest CAGR of 13.8% from 2018 to 2025. This is due to rise in the adoption of digital technologies across the different industries and needs for data privacy and protection.

An on-premise segment to dominate by 2025:

On the basis of deployment type, the on-premise segment held the major share in 2017, contributing nearly three-fifths of the total market share. This is due to a surge in the adoption of cybersecurity solutions by large enterprises and rise in need to secure critical data from cyber attacks in an organization. Contrarily, the cloud segment would register the fastest growth rate with a CAGR of 13.9% from 2018 to 2025, owing to demand for cloud-based cybersecurity solutions along with low maintenance and capital costs.

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North America to maintain its lead in terms of revenue throughout the forecast period
North America accounted for nearly one-third of the total market share in 2017 and will maintain its lead in terms of revenue throughout the forecast period. This is due to the increase in dependency on social media applications and the internet. However, Asia-Pacific is expected to register the largest CAGR of 13.6% during the forecast period, owing to penetration of internet and smartphones in countries including China and India leading to increase in adoption of cybersecurity measures in the region.

Leading market players:

Key market players analyzed in the research include Accenture, Cognizant, Capgemini, IBM Corporation, HCL Technologies Limited, Tata Consultancy Services, Symantec Corporation, Wipro Limited, and others.

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Knowledge tree is a cloud-based intelligence platform that offers more than 2,000 selective, off-the-shelf reports on niche markets to enable our clients gain deep insights on the latest trends, dynamic technologies, and emerging application areas.

Access Full Summary of Cyber Security Market Report@ https://www.alliedmarketresearch.com/cyber-security-market

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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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