Press release
Global Cyber Security Market 2020-2027 Thriving Worldwide with Major Players like IBM Corporation, F-Secure, Fortinet, Forcepoint, FireEye, F5 Networks, CyberArk & Cisco Systems
Global Cyber Security Market was valued at USD 155.23 billion in 2019 which is expected to reach USD 251.23billion by 2027 at a CAGR 10.5%.Cyber security is the technology that protects software and systems from cybercrimes such as phishing, spoofing, tamper, and eavesdropping. Cyber security is used for safeguarding computers, networks, data, and programs from unlicensed or spontaneous access.
The study of the global Cyber Security market involved calculating the size of the market, one which was done with the help of a bottom-up technique. Various valuations were ascertained from industry experts and representatives of companies. Furthermore, it was validated externally by analysing the historical sales volume of various manufacturers to attain the overall size of the Cyber Security market. A number of secondary sources like investor presentations, company annual reports, directories, white papers, financial reports, and more were used for the study. Moreover, the study of the global Cyber Security market provides insights regarding the key trends in the market and forecasts the potential developments over the forecast period.
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Increase in demand for cloud based cyber security solutions is the key driving factor which is expected to boost the global cyber security market growth. Also, increase in demand for cyber security solutions in various sectors such as aerospace & defense, Public sector, BFSI, healthcare, retail, energy and utilities, manufacturing, and others will have the positive impact on global cyber security market growth. Furthermore, increase in amount of E-Commerce platform and advent of disruptive technologies which is expected to fuel the global cyber security market growth. Moreover, rise in government initiatives and investments will fuel the growth of cyber security market during this forecast period.
However, change in cyber security standards, rules and regulations and complexities of devices is the major restraining factor which is expected to hamper the global cyber security market growth.
Market Key Players
Various key players are discussed in this report such as IBM Corporation, F-Secure, Fortinet, Forcepoint, FireEye, F5 Networks, CyberArk, Cisco Systems, Check Point Software Technologies, and Aws.
Market Taxonomy
By Solution
• Data security and Privacy service offering
• Unified vulnerability management service offering
• Governance risk, & compliance
• Infrastructure security
• Identity and Access Management (IAM)
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By Deployment Type
• Cloud Based
• On-Premise
By Component
• Hardware
• Software
• Services
By Industry Vertical
• Aerospace & Defense
• Public Sector
• BFSI
• Healthcare
• Retail
• Energy and Utilities
• Manufacturing
• Others
By Region
• North America
• Latin America
• Europe
• Asia Pacific
• Middle East & Africa
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About Us
QualiKet Research is a leading Market Research and Competitive Intelligence partner helping leaders across the world to develop robust strategy and stay ahead for evolution by providing actionable insights about ever changing market scenario, competition and customers. QualiKet Research is dedicated to enhancing the ability of faster decision making by providing timely and scalable intelligence. We use different intelligence tools to come up with evidence that showcases the threats and opportunities which helps our clients outperform their competition.
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