Cyber Security is Unexpected Growth Seen in Future

Global cyber security market, by vertical type segment, telecommunication type sub-segment was accounted for 16.9% market share in 2019 and is expected to grow at a CAGR of 12.6% between 2019 and 2027.

Cybersecurity solutions provide to help enterprises in preventing malicious cyber-attacks. The field of cybersecurity has become increasingly important, owing to increased reliance on computer and internet systems. Moreover, growth of smart devices and wireless connection has made cybersecurity essential in various organizations. Enterprises adopt cybersecurity products and implement solutions in order to protect their critical data from security breaches such as cyber warfare, cyber terrorism, and cyber espionage. Growing trend of digitization is expected to increase possibility of cyber threats and attacks thereby encouraging organizations to adopt cybersecurity solutions, in order to curb or prevent the attacks. Digitization has accelerated the necessity of multichannel integration and various customer interfaces that are vulnerable. 

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To provide information on the competitive landscape, this report includes detailed profiles of major key players of the Cyber Security Market Industry: IBM Corporation, Check Point Software Technologies, Microsoft Corp, Trend Micro Incorporated, Lockheed Martin Corporation, Sophos Ltd, Intel Corporation, Verizon Communication Inc., and SecureWorks Inc.

The Report Provides Insights on the Following Pointers:-
• The comprehensive report analyzes various segments across geographies.
• Detailed insights on the upcoming technologies, innovation, and R&D activities.
• In-depth assessment of the market strategies and business strategy.
• The market development information about the emerging trends and the economy.
• This report covers product portfolios of the top company players.
• Review on competitive assessment, new products launch, and geographical development.
Detailed Segmentation:
 
Global Cyber Security Market, By Technology:
◦ Managed Security Services
◦ End-point Security
◦ Integration Services
◦ Consulting Services
◦ Unified Threat Management
◦ Others
 
Global Cyber Security Market, By Component:
◦ Hardware
◦ Software
 
▪ Identity and Access Management
 
▪ End-point Security
 
▪ Security and Vulnerability Management
◦ Services
 
Global Cyber Security Market, By Vertical:
◦ Banking
◦  Discrete Manufacturing
◦  Government Agencies
◦  Process Manufacturing
◦  Healthcare
◦ Telecommunication
◦  Energy and Utility
◦ Investment Services
◦ Others

Impact of COVID-19:-
The outbreak of the COVID-19 pandemic since December 2019, had a major effect on the growth of the global Cyber Security Market market, owing to the unavailability of required manual labor and strict travel rules worldwide, which restricted the movement of raw materials and finished products. Moreover, the sudden closing down of businesses and social distancing laws also affected the work in the manufacturing sector, which in turn affected the global Cyber Security Market market.

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Major Points from Table of Contents:
Chapter 1: Introduction
Chapter 2: Executive summary
Chapter 3: Market outlook
Chapter 4: Cyber Security Market Market Overview, By Type
Chapter 5: Cyber Security Market Market Overview, By Application
Chapter 6: Cyber Security Market Market Overview, By Region
Chapter 7: Industry Structure
Chapter 8: Company Profiles

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This release was published on openPR.