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Cybersecurity Market Report 2022: Size, Share, Industry Demand, Growth Rate,Top Key Players Are AVG Technologies NV, Check Point Software Technologies, Cisco Systems, CyberArk, F5 Networks

11-29-2022 07:17 AM CET | IT, New Media & Software

Press release from: The Business research company

Cybersecurity Market

Cybersecurity Market

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The global cybersecurity market report by the business research company identifies rising scale of cyber threats is generating higher demand for cybersecurity solutions to be a major growth driver for the cybersecurity market. Cyberattacks on individuals, companies, and governmental organizations are increasing and resulting in huge financial losses. According to Kaspersky, the global cyber threats are developing rapidly with the mounting number of data breaches. A report from RiskBased Security revealed that about 7.9 billion records have been exposed by data breaches in the first nine months of 2019, which was double the number of records exposed in the previous year during the same period. It is projected that global spending on cybersecurity is expected to grow. Therefore, rising spending on cybersecurity solutions attributing to the increasing threat of cyberattacks is projected to propel the revenues for the cybersecurity market during the forecast period.

The global cybersecurity market grew from $181.12 billion in 2021 to $201.33 billion in 2022 at a compound annual growth rate (CAGR) of 11.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, surge in commodity prices, and supply chain disruptions, effecting many markets across the globe. The cybersecurity market is expected to grow to $305.69 billion in 2026 at a CAGR of 11.0%.

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Asia Pacific was the largest region in the cybersecurity market in 2021. North America was the second largest region in the cybersecurity market. The regions covered in the cybersecurity report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

Major players in the cybersecurity market 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 and Trend Micro.

The global cybersecurity market is segmented -
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

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The Cybersecurity Market Report Contents Include
1. Executive Summary
2. Cybersecurity Market Characteristics
3. Cybersecurity Market Trends And Strategies
4. Cybersecurity Market - Macro Economic Scenario
5. Cybersecurity Market Size And Growth
....
28. Key Mergers And Acquisitions In The Cybersecurity Market
29. Cybersecurity Market Future Outlook and Potential Analysis
30. Appendix

This report covers the trends and market dynamics of the cybersecurity market in major countries - Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The report also includes consumer surveys and various future opportunities for the market.

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The Business Research Company (www.thebusinessresearchcompany.com) is a market intelligence firm that excels in company, market, and consumer research. It has published over 3000 industry reports, covering over 2500 market segments and 60 geographies. The reports draw on 150,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders. The reports are updated with a detailed analysis of the impact of COVID-19 on various markets.

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