Cybersecurity Market Size, Status and Precise Outlook- AVG Technologies NV; Check Point Software Technologies; Cisco Systems; CyberArk; F5 Networks; FireEye

Cybersecurity Market 2021 report helps the clients to take business decisions and to understand strategies of major players in the industry. The report also calls for market- driven results deriving feasibility studies for client needs. Market Insights Reports ensures qualified and verifiable aspects of market data operating in the real- time scenario. The analytical studies are conducted ensuring client needs with a thorough understanding of market capacities in the real- time scenario.

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The global cybersecurity market is expected grow from $150.06 billion in 2020 to $156.6 billion in 2021 at a compound annual growth rate (CAGR) of 4.4%.

Top leading Companies Profiled in Cybersecurity Market Report are AVG Technologies NV; Check Point Software Technologies; Cisco Systems; CyberArk; F5 Networks; FireEye; Forcepoint; Fortinet; F-Secure; IBM Corporation; Imperva; Juniper Networks; McAfee; Micro Focus; Microsoft; Oracle; Palo Alto Networks; Proofpoint; Qualys; Rapid7; RSA Security; Sophos; Splunk; Symantec; Trend Micro

Markets Segmentation:

1) By Solution: Network Security; Cloud Application Security; End-point Security; Secure Web Gateway; Internet Security; Others 2) By Enterprise Size: Small & Medium Enterprise; Large Enterprise 3) By Deployment Type: Cloud; On Premises 4) By End-Use: BFSI; IT & Telecommunications; Retail; Healthcare; Government; Manufacturing; Travel and Transportation; Energy and Utilities; Others

Regional Analysis:

Asia-Pacific (China, India, Japan, South Korea, Australia, Indonesia, Malaysia, and Others), North America (United States, Canada, and Mexico), Central & South America (Brazil, and Rest of South America), Europe (Germany, France, UK, Italy, Russia, and Rest of Europe), Middle East & Africa (GCC Countries, Turkey, Egypt, South Africa and Other)

Market Overview

The growth is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $240.59 billion in 2025 at a CAGR of 11%.

The cybersecurity market consists of sales of cybersecurity software and related services. Cybersecurity is a practice of protecting the network, computers, mobile devices, hardware, electronic systems, and data from digital or malicious attacks. It is also known as electronic information security and information technology security. Cybersecurity can be segregated into categories including network security, application security, information security, operational security, and others.

The increasing use of unlicensed or pirated software is a significant threat to the cybersecurity market. Pirate software refers to the unauthorized copy of the software, which is a replica of the original software. Internet-based piracy of software and solutions is an emerging issue for the industry. According to the BSA global software survey published, despite the 2% drop in the pirated software installation rates, the unlicensed software was being installed at alarming rates, accounting for 37% of software installed on personal computers. The organizations purchasing unlicensed software packages and a computer with pirated software installed can impede the growth of the bottom line and induce unprecedented security risk. Thus, this high rate of software piracy is hindering the growth of the cybersecurity market.

The cybersecurity market covered in this report is segmented by solution into network security; cloud application security; end-point security; secure web gateway; internet security; others. It is also segmented by enterprise size into small & medium enterprise; large enterprise, by deployment type into the cloud; on-premises and by end-use into BFSI; IT & telecommunications; retail; healthcare; government; manufacturing; travel and transportation; energy and utilities; others.

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News and Latest Developments

In August 2019, Cisco Systems Inc., an American multinational technology conglomerate completed the acquisition of Sentryo, a France-based company that is engaged in providing cybersecurity solutions and assets visibility for industrial control systems (ICS). This acquisition is expected to enhance Ciscos security with unparalleled device visibility in the operational technology (OT) environment which would provide engineers with deeper visibility into assets to secure and optimize their industrial networks. Sentryo is engaged in designing and developing threat intelligence and network monitoring platforms that offer cyber-resilience for data acquisition networks, supervisory control, and industrial control systems.

Key Takeaways from Cybersecurity Report

─Evaluate market potential through analyzing growth rates (CAGR %), Volume (Units) and Value ($M) data given at country level – for product types, end use applications and by different industry verticals

─Understand the different dynamics influencing the Cybersecurity market – key driving factors, challenges and hidden opportunities.

─Get in-depth insights on your competitor performance – Cybersecurity market shares, strategies, financial benchmarking, product benchmarking, SWOT and more

─Analyze the sales and distribution channels across key geographies to improve top-line revenues.

─Understand the industry supply chain with a deep dive on the value augmentation at each step, in order to optimize value and bring efficiencies in your processes.

─Get a quick outlook on the market entropy – M&A’s, deals, partnerships, product launches of all key players for the past 4 years.

─Evaluate the supply-demand gaps, import-export statistics and regulatory landscape for more than top 20 countries globally for the Cybersecurity

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In conclusion, the Cybersecurity market report presents the descriptive analysis of the parent market supported elite players, present, past and artistic movement information which is able to function as a profitable guide for all the Cybersecurity Industry business competitors. Our expert research analyst’s team has been trained to provide in-depth market research reports from every individual sector which will be helpful to understand the industry data in the most precise way.

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