Press release
What’s driving the cybersecurity market forecast? | By Key players IBM Corporation, Rapid7, Sophos Group plc, Intel Corporation, Proofpoint, Inc., McAfee LLC, Cisco Systems
Request for a sample of this research report @
https://www.gminsights.com/request-sample/detail/3078
Cybersecurity Market is anticipated to exceed 300 billion by 2024. The market is driven by the increasing frequency of cyber-attacks. This is attributed to the extensive digitalization across multiple business sectors. In the last five years, the financial losses caused due to cyber-attacks have risen by over 62%, encouraging companies to adopt advanced cybersecurity solutions to protect their sensitive information from unsanctioned access. In addition, the rising adoption of IoT devices is also promoting the adoption of cybersecurity solutions. Most of the IoT devices lack basic security features, enabling cybercriminals to exploit the vulnerabilities to conduct various illegal activities.
Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
• BAE Systems
• Check Point Software Technologies, Inc.
• Cisco Systems, Inc.
• CyberArk
• F5 Networks
• FireEye
• Fortinet
• F-Secure
Another factor propelling cybersecurity market growth is the increasing need among organizations to minimize the security risks. With the increasing adoption of cloud platforms & other network solutions, organizations are becoming more exposed to external breaches. This has driven the companies to increase their budgetary allocations for cybersecurity solutions. The increasing penetration of several mobile and wireless devices is also adding to cybersecurity market growth. The availability of inexpensive smart devices and developments in the telecommunication infrastructure is increasing the adoption of mobile devices among enterprises and consumers.
Make an inquiry for purchasing this report @
https://www.gminsights.com/inquiry-before-buying/3078
The security services market holds over 60% share in the global cybersecurity market. The inexpensive nature of services and the rising adoption of BYOD polices are fostering its adoption among enterprises of all sizes. The network security market is also projected to grow at a CAGR of over 15% over the forecast time period. The rising penetration of integrated security solutions & IP traffic is fueling its adoption network security solutions.
Chapter 3. Global Cybersecurity Industry Insights
3.1. Introduction
3.2. Industry segmentation
3.3. Industry landscape, 2013 - 2024
3.4. Industry ecosystem analysis
3.5. Cybersecurity evolution
3.5.1. Evolution of cyber-attacks
3.6. Regulatory landscape
3.6.1. ISO/IEC 270001
3.6.2. Gramm-Leach-Billey Act of 1999, U.S.
3.6.3. Cybersecurity Law, China
3.6.4. Federal Information Security Management Act (FISMA)
3.6.5. Health Insurance Portability and Accountability Act (HIPAA)
3.6.6. The General Data Protection Regulation (GDPR) (EU)
3.6.7. Directive on Security of Network and Information Systems (NIS Directive) (EU)
3.6.8. The National Institute of Standards and Technology (NIST), U.S.
3.6.9. Cyber Security Framework, Saudi Arabian Monetary Authority (SAMA)
3.7. Technology and innovation landscape
3.7.1. Virtualized firewall
3.7.2. AI and machine learning
3.7.3. Blockchain
3.8. Industry impact forces
3.8.1. Growth drivers
3.8.1.1. Increasing incidents of cyber-attacks
3.8.1.2. Growing need among organizations to minimize security risks
3.8.1.3. Increase in the number of IoT devices demanding network security solutions
3.8.1.4. Penetration of smartphones
3.8.1.5. Increasing demand for enterprise mobility
3.8.2. Industry pitfalls & challenges
3.8.2.1. Lack of IT resources and in-house expertise
3.8.2.2. Lack of knowledge about IAM solutions
3.8.2.3. Limited security budget among SMEs
3.9. Cybersecurity statistics
3.9.1. Security incidence by type of asset
3.9.2. Data breaches per industry vertical
3.9.3. Target device/network
3.9.4. Average cost of stolen data per industry vertical
3.10. Porter’s analysis
3.11. PESTEL analysis
The large enterprise held over 60% share of the cybersecurity market. The market in large enterprises is primarily driven by the increasing financial losses associated with the cybersecurity breaches. The average cost of cybersecurity breaches among large organizations has increased by over 11% in 2017. The government cybersecurity market is expected to grow at a CAGR of over 15% over the forecast time period. The loss of critical data and the erosion of trust in government officials have encouraged public sector agencies to deploy cybersecurity solutions to safeguard its network architecture.
The transportation market is anticipated to grow at a CAGR of over 15% over the projected timespan. The use of the Industrial Internet of Things (IIoT), smart logistics, and several modernization initiatives will provide a broader surface for cybercriminals to penetrate the company network. This has promoted the use of cybersecurity solutions in the transportation and logistics industry. The banking industry is predicted to grow at a CAGR of over 16% over the forecast timespan. The introduction of various stringent regulatory policies that mandate financial establishments to deploy security solutions has influenced the cybersecurity market.
Browse Full Report: https://www.gminsights.com/industry-analysis/cybersecurity-market
Some of the players operating in the cybersecurity market are BAE Systems, CyberArk Software Ltd., Microsoft Corporation, Splunk, Inc., RSA Security, LLC., Oracle Corporation, Palo Alto Networks, Inc., Symantec Corporation., F5networks, Inc., Check Point Software Technologies Inc., Hewlett-Packard, Ltd., F-Secure Corporation, FireEye, Inc., Fortinet, Inc., IBM Corporation, Rapid7, Sophos Group plc, Intel Corporation, Proofpoint, Inc., McAfee LLC, Cisco Systems, Inc., and Trend Micro, Inc. The cybersecurity landscape is dominated by large players such as McAfee, Sophos, Symantec, Trend Micro, Check Point Software, and Palo Alto Networks. These players are conducting strategic acquisitions of various start-ups in the market to broaden the product line and strengthen its position in the market. In November 2018, Symantec Corporation acquired Javelin Networks, an Israel-based cybersecurity provider. The products developed by Javelin Networks will be integrated into Symantec?s product portfolio to expand its product offerings.
Browse Related Report:
Dynamic Application Security Testing (DAST) Market Size, Industry Analysis Report, Regional Outlook (U.S., Canada, UK, Germany, France, Italy, Russia, Spain, China, India, Japan, Australia, Brazil, Mexico, GCC, South Africa), Growth Potential, Competitive Market Share & Forecast, 2018 – 2024
https://www.gminsights.com/industry-analysis/dynamic-application-security-testing-dast-market
Contact Us:
Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
Web: https://www.gminsights.com
Blog: http://solutionrocket.com
About Global Market Insights:
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release What’s driving the cybersecurity market forecast? | By Key players IBM Corporation, Rapid7, Sophos Group plc, Intel Corporation, Proofpoint, Inc., McAfee LLC, Cisco Systems here
News-ID: 1774969 • Views: …
More Releases from Global Market Insights Inc.
Latest Research Report On Agricultural Adjuvants Market 2021. Major Players Incl …
The agricultural adjuvants market is expected to observe noteworthy growth on account of increasing demand for high-quality crops. Adjuvants commonly act as an additive in pesticides that increase its effectiveness and smoothen its mixing application.
The demand for plant protection products in countries like Bangladesh, India, and Vietnam has surged considerably in recent years. Ever-increasing population across developing economies has forced farmers to produce large quantities of high-quality yields. Citing…
U.S. Minoxidil Market 2021 Growth Opportunities and Competitive Landscape 2027 - …
The U.S. minoxidil industry has been impacted by the COVID-19 pandemic in the form of increased stress amid job losses and health issues, creating rising incidences of hair fall and associated problems. The industry is expected to gain commendable proceeds on account of an upsurge in research studies concerned with the effectiveness of minoxidil.
Citing one such instance, in January 2021, a study published in the Dermatologic Therapy supported the efficacy…
Global Sulfosuccinate Market 2021 Future Growth With Technology and Current Tren …
Owing to these factors, estimates have revealed that the global sulfosuccinate market size will exceed USD 475.7 million in annual estimation by 2024.
Increasing adoption of high-performance materials that meet application-specific requirements across various industries, including pharmaceuticals will stimulate the need for sulfosuccinate compounds. The surging disposable incomes of consumers mainly across the developing nations have also fueled their spending capacities on household and personal care.
Sulfosuccinates are mainly a mild type…
By 2026, Graphene Market will register over 35% CAGR | Applied Nanotech, Inc, an …
The global Graphene Market is slated to gain significant momentum over the forthcoming years, as a result of the growing product consumption in the electronics sector, particularly in developing countries. This high consumption can be attributed to its superior qualities such as high electrical conductivity, durability, and toughness.
Request a sample of this research report @
https://www.gminsights.com/request-sample/detail/233
Top Key Players in The Market are:
Graphenea S.A., Applied Graphene Materials plc, ACS…
More Releases for Cyber
Cyber Security Market Research Reports, Cyber Security Market Revenue, Issues an …
The Cyber security, also denoted to as IT security, emphasizes on maintenance computers, programs, networks, and data from unrestrained or spontaneous admittance. It contains network security, application security, endpoint security, identity administration, data security, cloud security, and infrastructure security. As the cyber threats have augmented at an alarming rate, security solutions have been achievement traction, worldwide. Solutions such as antivirus software and firewalls have grown-up in involvedness and recognized to…
Cyber Security Market Research Reports | Cyber Security Market Revenue | Future …
The Cyber security, also mentioned to as IT security, emphasizes on maintenance computers, programs, networks, and data from unrestrained or spontaneous admittance. It contains network security, application security, endpoint security, distinctiveness management, data security, cloud security, and infrastructure safekeeping. As cyber threats have augmented at an alarming rate, security solutions have been purchase traction, globally. Solutions such as antivirus software and firewalls have grown up in complexity and demonstrated to…
Market Research Reports Of Cyber Security | Cyber Security Market Growth Analysi …
Cyber security market is very fragmented & highly competitive market that comprises several global & regional players. Cyber Security is a key concern that helps the organizations to monitor, detect, report, and contradict cyber threats for maintaining data confidentiality. As the innovation is developing and new applications are coming into market, programmers are finding the new escape clauses and taking the significant & secret information's from the servers and selling…
Mandatory legislation regarding cyber security is driving cyber insurance market
Just as people insure their car, home or other physical assets, firms are insuring their IT infrastructure, including their servers, networks, and devices. The global cyber insurance market attained a size of $3,416.4 million in 2016, as per P&S Intelligence, which also said that the market will grow at a CAGR of more than 20.0% in the coming years. Currently, large enterprises are the major buyers of cyber insurance as…
Cyber Institute receives Best Cyber Security Education Initiative - USA
The Cyber Institute received the 2019 US Business News Best Cyber Security Education Initiative - USA for their programs to help reduce barriers into cybersecurity and STEM related careers by advancing traditional and non-traditional pathways; for women and minorities in particular. By increasing access to education, employment, and workforce development, we believe they will have greater opportunities for self-determination and self-reliance.
The Cyber Institute received the prestigious international US Business News…
Cyber Check: Cyber Risk Screening for SMEs
CRIF Decision Solutions has launched Cyber Check (powered by KYND's cyber risk technology) to provide small and medium size enterprises [SMEs] with an economically viable service to allow them to rapidly identify their cyber risk vulnerabilities.
Available as a one off assessment or regular monitoring, Cyber Check undertakes immediate screening and instantly provides a report detailing the company's cyber risk exposure. The service is quick and easy to use and IT…
