Press release
Cyber Security Market 2021 Strategic Assessment- IBM Corporation, Cisco Systems Inc., Dell Inc., Root9B LLC, Herjavec Group
The Cyber Security Market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.The global cybersecurity market was valued at USD 161.07 billion in 2019, and is expected to reach USD 363.05 billion by 2025, registering a CAGR of 14.5%, during the period of 2020 - 2025.
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Competitive Landscape:
Top Companies: IBM Corporation, Cisco Systems Inc., Dell Inc., Root9B LLC, Herjavec Group, Check Point Software Technologies Ltd., Palo Alto Networks Inc., Broadcom Inc. (Symantec Corp.), Trend Micro Inc., Fortinet Inc., FireEye Inc., ProofPoint Inc., Imperva Inc., CyberArk Software Ltd, AVG Technologies NV
Market Scope:
Cybersecurity solutions help an organization to monitor, detect, report, and counter cyber threats to maintain data confidentiality. The adoption of cybersecurity solutions is expected to grow with the increasing penetration of internet among the developing and developed countries and the need for security solutions has been marked highly by private financial and banking services sectors, along with healthcare, and aerospace defense sector.
Industry News and Updates:
- Sep 2019 - The Cisco Webex Control Hub launched extended security pack available for users and enabled the customers to protect data from accidental misuse and malicious attacks, while delivering the best user experience. It packages full-functionality Cisco Cloudlock CASB for Webex Teams with native Webex anti-malware capabilities powered by Cisco Talos ClamAV in Webex Cloud.
- Aug 2019 - Check Point Software Technologies Ltd announced the launch of a Check Point branch office security solution to transform enterprise branch office connectivity with cloud-delivered security services. As enterprises increasingly move their on-premise branch office workloads and applications to SaaS applications, they are adopting Software-Defined Wide Area Networking (SD-WAN) to intelligently route traffic to cloud services.
Key Market Trends:
Asia-Pacific to Account for the Largest Market Growth
- Asia-Pacific is expected to have highest market growth for cyber security solutions, over the forecast period. The strong presence of several market incumbents, coupled with recent security threats in the region, are expected to drive the adoption of these solutions further.
- India has experienced a rapid increase in cyber crimes registration, with the country ranking fifth in terms of the overall DNS hijacks. Also according to Gemalto, India accounts for 37% of the global breaches in terms of records compromised or stolen. Also the increasing number of malware and ransomware attacks in the country is also a significant factor driving the adoption of cybersecurity solutions. According to the 2019 Internet Security Threat Report by Symantec, the use of malicious PowerScripts increased by 1,000%, and ransomware infections of enterprises increased by 12%, in 2018.
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What are the market influences that are explained in the report?
-Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.
-Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.
-Analytical Tools: The Global Cyber Security Market report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, SWOT analysis, feasibility study, and investment return analysis have been used to analyze the growth of the key players operating in the market.
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MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
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