Press release
Cybersecurity Solution Market 2020-2024 In-Depth Analysis by Key players | Quick Heal Technologies Ltd., Check Point Software Technologies India Pvt. Ltd., Cisco Systems (India) Pvt. Ltd., Fortinet Technologies India Pvt. Ltd.
The report provides information and the advancing business series information in the sector to the exchange. The report gives an idea associated with the advancement of this market development of significant players of this industry. An examination of this Cybersecurity Solution market relies upon aims, which are of coordinated into market analysis, is incorporated into the reports.where enterprises, IT and government sectors are transforming their traditional ways of operations, the demand for cybersecurity solutions has significantly increased. The cybersecurity solution market in India is forecasted to expand at a compound annual growth rate (CAGR) of ~16.14% to reach a value of INR 292.16 Bn by 2024, from INR 121.85 Bn in 2018. The rapid adoption of Cloud technology and the deployment of IoT devices in India have propelled the growth of the cybersecurity solution market
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This part of the report includes detailed information of the market in different regions. Each region offers different scope to the market as each region has different government policy and other factors. The regions included in the report are North America, South America, Europe, Asia Pacific, and the Middle East.
Top leading companies of the global market are:
o Quick Heal Technologies Ltd.
o Check Point Software Technologies India Pvt. Ltd.
o Cisco Systems (India) Pvt. Ltd.
o Fortinet Technologies India Pvt. Ltd.
o IBM India Pvt. Ltd.
o Kaspersky Lab India Pvt. Ltd.
o McAfee Software (India) Pvt. Ltd.
o Sophos Technologies Pvt. Ltd.
o Symantec Software India Pvt. Ltd.
o Trend Micro India Pvt. Ltd.
Market insights based on product category:
Based on product category, the cybersecurity solution market in India is segmented into cybersecurity products and cybersecurity services. The cybersecurity products segment, which include network security, endpoint security, data security, identity and access management (IAM), and intelligence detection and response (IDR) products, is anticipated to grow rapidly and dominate during the forecast period.
The security IDR segment is expected to lead the market with the rising demand for automated incident response and early threat detection solutions. The demand for context-aware data security solutions to prevent phishing and malware attacks through online portals has picked up, fueling the growth of this product segment. Furthermore, large organizations are incorporating content filtering solutions to safeguard their network from malicious content.
Market insights based on end-user industry:
Based on end-user industry, the market is segmented into, IT/ITeS, government, telecom, healthcare, oil and gas, and other industries. BFSI is the leading end-user industry, owing to increasing fraudulent attacks in the banking sector. During the first half of FY 2020, debit and credit card transactions reached ~2.8 Bn, m-wallet transactions reached ~2.1 Bn, and UPI transactions reached ~1.5 Bn. Digital transactions of such a high amount are extremely vulnerable to cyber attacks.
The cybersecurity solution market in the IT/ITeS industry is expected to be the fastest-growing segment, expanding at a CAGR of ~19.04% during the 2019-2024 period. Global regulations such as General Data Protection Regulation (GDPR), Health Insurance Portability and Accountability Act (HIPAA), and Cyber Intelligence Sharing and Protection Act (CISPA), among others, which support the protection of personal and critical data, have pushed IT firms to incorporate cybersecurity products in their IT network.
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Key Highlights points of Cybersecurity Solution Market:
1) Competitive study of the major Cybersecurity Solution market players will help in analyzing the market driving and business strategies.
2) Analysis of necessary trends impacting to build-up of the market.
3) The deep research study of market based on development opportunities, growth limiting factors and feasibility of investment will forecast the market growth.
4) Analysis of trending factors will be influencing the Market shares in next few years.
5) Establish business expansion plans by referring to substantial growth and projection of emerging markets.
6) The report elaborates on the product sales, revenue accumulated, price patterns, and gross margins.
Furthermore, the study provides a comprehensive overview of regional distribution and the overview of product types in the market. It explains how key companies and mid-level manufacturers are making a profit within the Cybersecurity Solution industry. In short, the report on Cybersecurity Solution is an esteemed source for both the individuals as well as the businesses as it provides detailed SWOT analysis and new project investments feasibility study.
Read More: https://www.supplydemandmarketresearch.com/Cybersecurity Solution-market-1013701
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Supply Demand Market Research
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We have a strong network of high powered and experienced global consultants who have about 10+ years of experience in the specific industry to deliver quality research and analysis. Having such an experienced network, our services not only cater to the client who wants the basic reference of market numbers and related high growth areas in the demand side, but also we provide detailed and granular information using which the client can definitely plan the strategies with respect to both supply and demand side.
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