Cybersecurity Market will grow at a CAGR 10.5% by 2027| Akamai Technologies, Carbon Black, Inc., BAE Systems, Imperva , SecureWorks, Inc. (Dell Technologies), Sophos Ltd., Trend Micro, Inc. , FireEye, Inc. , EMC RSA , Rapid7, Inc

Market Analysis

The global Cybersecurity Market is predicted to touch USD 199.98 billion at a 10.5% CAGR between 2020- 2027 states the recent Market Research Future (MRFR) analysis. Cybersecurity is a combination of different processes and technologies that have been designed for shielding data, devices, and networks from unauthorized access or attack. It has extensive applications in aerospace and defense, government, retail, IT and telecommunication, healthcare, BFSI, manufacturing, and other sectors.

Various factors are propelling the global cybersecurity market share. As per the current MRFR report, such factors include the growing demand for enterprise mobility, increasing penetration of smartphones, rise in IoT devices that demand network security solutions, requirement amid organizations to reduce security risks, surging cases of cyber-attacks, and demand for cybersecurity during the ongoing COVID-19 outbreak for securing the virtual private network servers that are crucial for organizations having employees working from home.

On the contrary, limited security expenses among SMEs, lack of knowledge regarding IAM solutions, and lack of in-house expertise & IT resources are factors that may limit the global cybersecurity industry growth over the forecast period.

Request a Free Sample @ https://www.marketresearchfuture.com/sample_request/875

Market Segmentation

The MRFR report provides an inclusive segmental analysis of the global cybersecurity market report based on vertical, security type, deployment model, organization size, and component.

By component, the global cybersecurity market is segmented into services and solutions. The solutions segment is again segmented into security information & event management, data loss prevention, web filtering, antivirus, firewall, disaster recovery, unified threat management, risk and compliance management, identity and access management, and others. The services segment is again segmented into professional services and managed services. The professional service is again segmented into design and integration, support and maintenance, consulting, and training & education. Of these, the services segment will lead the market over the forecast period.

By deployment model, the global cybersecurity market is segmented into on-premise and cloud. Of these, the cloud segment will dominate the market over the forecast period.

By vertical, the global cybersecurity market is segmented into aerospace and defense, government, retail, IT and telecommunication, healthcare, BFSI, manufacturing, and others. Of these, the government segment will have a major share in the market over the forecast period.

By security type, the global cybersecurity market is segmented into large enterprise and small & medium-sized enterprise (SME). Of these, the large enterprise segment will spearhead the market over the forecast period.

By organization size, the global cybersecurity market is segmented into wireless security, cloud security, application security, endpoint security, network security, and others.

Regional Analysis

Based on the region, the global cybersecurity market report covers the growth opportunities and recent trends across the Asia Pacific (APAC), North America, Europe, & the Rest of the World (RoW). Of these, North America will lead the market over the forecast period. Rising number of cyber-attacks, presence of top security vendors who have regional and global headquarters in the US, increased expenditure on security services and solutions by SMEs and large enterprises, and rising policies and standards to maintain security and data privacy are adding to the growth of the global cybersecurity market in the region. The US hold the maximum share in the market as it is the most technologically developed region as well as possesses a strong adoption of cloud technology.

The global cybersecurity market in the APAC region is predicted to have healthy growth during the forecast period. Increasing adoption of such technologies by businesses across verticals for protecting their data and network, technological advances, massive penetration of internet and smartphones across business segments and consumers, globalization, increasing use of cloud-based solutions, rising sophistication of cyber-attacks, and rapid economic development is adding to the global cybersecurity market growth in the region.

The global cybersecurity market in Europe is predicted to have notable growth over the forecast period. GDPR compliance, increasing cyber projects, significant developments, and increasing use in surveillance and defense are adding to the global cybersecurity market growth in the region.

The global cybersecurity market in the RoW is predicted to have sound growth over the forecast period.

Browse Full Report Details @ https://www.marketresearchfuture.com/reports/global-cyber-security-market-875

Key Players

Key players profiled in the global cybersecurity market report include Akamai Technologies (US), Carbon Black, Inc. (US), BAE Systems (UK), Imperva (US), SecureWorks, Inc. (Dell Technologies) (US), Sophos Ltd. (UK), Trend Micro, Inc. (Japan), FireEye, Inc. (US), EMC RSA (US), Rapid7, Inc. (US), Cisco Systems, Inc. (US), IBM Corporation (US), HP Enterprise (US), Symantec Corporation (US), and Intel Corporation (US).

Read More Related Article:
1. Influencer Marketing Market Analysis, COVID19 Impact Analysis on Industry Share, Demand and Forecast to 2027
http://icrowdnewswire.com/influencer-marketing-market-analysis-covid19-impact-analysis-on-industry-share-demand-and-forecast-to-2027

2. Enterprise Collaboration Market 2020 Global Segments, Emerging Audience, Trends, Industry Size, Profits and Sales Study by Forecast to 2027
http://icrowdnewswire.com/enterprise-collaboration-market-2020-global-segments-emerging-audience-trends-industry-size-profits-and-sales-study-by-forecast-to-2027

Contact:
Market Research Future (Part of Wantstats Research and Media Private Limited)
99 Hudson Street, 5Th Floor
New York, NY 10013
United States of America
+1 628 258 0071 (US)
+44 2035 002 764 (UK)
Email: sales@marketresearchfuture.com
Website: https://www.marketresearchfuture.com

About Market Research Future:
Market Research Future (MRFR) has created a niche in the world of market research. It is counted among the top market research companies that offer well-researched and updated market research reports and insights to businesses of all sizes. What sets us apart is our super-responsive team that offers quality work keeping clients abridged of the prospective challenges and opportunities in various markets. Our team is adept in their space as well as patiently listens to every client.

The best part is they know their work inside out and possess the expertise to guide the client in the right direction and achieve results on a tight deadline. We are a one-stop solution for all your data research needs. Our team does not believe in the “one size fits all” approach to creating a report that is detailed and concise. We handle 13 industry verticals including Healthcare, Chemicals and Materials, Information and Communications Technology, Semiconductor and Electronics, Energy and Power, Food, Beverages & Nutrition, Automobile, Consumer and Retail, Aerospace and Defense, Industrial Automation and Equipment, Packaging & Transport, Construction, and Agriculture. With our unique approach for every market report, we aim to reach the zenith in qualitative business intelligence and syndicated market research.

This release was published on openPR.