Cybersecurity Market Financial Insights, Business Growth Strategies | Broadcom Inc., Capgemini, Cognizant, F5 Networks Inc., FireEye

Exactitude Consultancy, the market research has completed and published the final copy of the detailed research report on the Cybersecurity Market. The Cybersecurity Market is expected to register a CAGR of over 10.6% over the forecast period.

According to a recent report published by Exactitude Consultancy, titled, "Cybersecurity Market by Component (Solution, Service) Solution (Identity & Access Management, Infrastructure Security, Governance Risk & Compliance, Unified Vulnerability Management Service Offering, Data Security & Privacy Service Offering, Others) Deployment Model (Cloud, On-premise) Enterprise Size (Large Enterprises, SMEs) Industry Vertical (Telecom, Automotive, BFSI, Public Sector, Retail, Healthcare, IT, Energy & Utilities, Manufacturing, Others) Global trends and forecast from 2022 to 2029". Global Cybersecurity Market Research Report 2023 CAGR Status, Size, Industry Share, Interaction, Revenues , Development Strategy, Key Players, Competitive Landscape, Dynamics, competitive share analysis, consumption by regions, business development, technologies and growth trends, demand status and future product.

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Note - This Report Sample Includes:

✔ A summary of the research work.

✔ Table of Contents The study's depth of coverage

✔ Market participants at the forefront

✔ The research framework of the report's structure

✔ Exactitude Consultancy' research methodology

The report on the Cybersecurity Market includes:

Authoritative insights into the Cybersecurity Market Size
Key industry trends
Strategies adopted by major players
Dominating regions

Key Industry Developments:

February 2023 - Fortinet, Inc. launched the "Cybercrime Atlas" initiative. The initiative empowers businesses, law enforcement, and threat intelligence researchers to stop cybercrime on a global scale. This initiative brings together world leaders to combat cyber threats, map the cybercrime landscape, and cover criminal activity, networks, and structures.

March 2022 - Mandiant, Inc. launched the Mandiant Worldwide Information Security Exchange, a dynamic, vendor-neutral cyber security event program series. mWISE brings together leaders, practitioners, and visionaries from around the world to identify emerging trends, discuss best practices, and transform knowledge to mitigate cyber threats from collective action.

June 2021 - Broadcom Inc. launched Adaptive Protection, an advanced feature included in Symantec Endpoint Security. Adaptive Protection utilizes advanced machine learning techniques based on the ages of Symantec endpoint security experience to deliver additional security that is automated and personalized for each customer's environment, with no impact on productivity. Adaptive Protection enables businesses to keep aware of cyber assaults and prevent breaches before they occur.

July 2021 - Fortinet, Inc. acquired application security innovator Sken.ai to accelerate DevSecOps. Sken.ai provides extensive testing for all main languages and frameworks, covering all scan kinds (SAST, DAST, SCA, Secrets, and more). Sken.ai implements machine learning (ML) to correlate and assign a security risk rating across various scan types and apps to each vulnerability.

January 2021 - FireEye launched open-source cyber security to detect various cyber-attacks across the Solar Winds supply chain.

September 2020 - Bharti Airtel Ltd. launched a suite of internet security solutions for small and medium enterprises. The solutions assist SMEs in adopting cloud platforms and other emerging technologies. The company has invested around USD 14.2 million in developing advanced solutions.

Overview of Cybersecurity Market Analysis:

Market Size 2022: US $ 159.65 Billion

Market Size by 2029: US $ 850.17 Billion

CAGR (%): 10.6

Forecast Year: 2023-2029

Base Year: 2022

Prominent companies profiled in the Cybersecurity Market report are:

Broadcom Inc., Capgemini, Cognizant, F5 Networks Inc., FireEye Inc., HCL Technologies Limited, IBM Corporation, Infosys Limited, L&T Technology Services Limited.

Highlights of the Cybersecurity Market Report:

Cybersecurity Market Development: Comprehensive information about emerging industry. This report analyses for various segments across geographies

Development/Innovation: Detailed insights on the upcoming technologies, RandD activities, and product launches in the Cybersecurity Market

Competitive Assessment: In-depth assessment of the Cybersecurity Market strategies, geographic and business segments of the leading players in the industry.

Market Diversification: Exhaustive information about new launching, untapped geographies, recent developments, and investments in the market

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Exactitude Consultancy follows a robust research methodology that involves data triangulation based on top-down, bottom-up approaches, and validation of the estimated market numbers through primary research. The information used to estimate the Cybersecurity Market size and forecast for various segments at the global, regional, and country level is derived from the most credible published sources and through interviews with the right stakeholders.

Growth rate or CAGR exhibited by a Cybersecurity Market for a certain forecast period is calculated on the basis of various factors and their level of impact on the market. These factors include market drivers, restraints, industry challenges, Cybersecurity Market and technological developments, market trends, etc.

Customization Available: Global Cybersecurity Market

Exactitude Consultancy is a leader in advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The Cybersecurity Market report can be customized to include price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), clinical trial results data, literature review, refurbished market and product base analysis. Cybersecurity Market analysis of target competitors can be analysed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Factbook) or can assist you in creating presentations from the data sets available in the report.

Driving Factor

Internet security solutions have been enhanced in a linked network infrastructure as a result of the increase in e-commerce platforms and technical breakthroughs like artificial intelligence, cloud computing, and block chain. The adoption of network security solutions in their IT and electronic security systems is another priority for e-commerce businesses. For instance, Askul Corp. used Shadankun, a cutting-edge network security solution created by Cyber Security Cloud, Inc., in their business unit in September 2020 to protect their assets from cyber threats. The need for network security solutions is being driven by the expanding use of these technologies to eliminate cyber threats.

To protect their vast amounts of private data and information, the governments of nations like India, Germany, France, Israel, Brazil, and others are investing in internet security solutions. For instance, the government of the United Kingdom reportedly allocated over USD 2.30 billion in 2020 to carry out a number of network and internet security projects for research and defense. During the projection period, this investment will help to accelerate the overall adoption rate of IT security solutions across a variety of industries.

RESTRAINING FACTORS

The lack of experts and SMEs' limited resources are limiting the market's expansion.

The need for cutting-edge solutions is expanding tremendously as a result of the increase in internet security risks. Enterprises cannot be adequately protected against modern network, cloud, and endpoint security threats by outdated network security solutions. Key impediments include things like a shortage of specialists and experts in creating and enhancing security solutions. Small and medium-sized businesses (SMEs) are unable to employ internet security solutions and services due to their high implementation and upkeep costs.

Surveys And Discussion with Industry Leaders

Conducting primaries of industrial experts and subject experts is one of the most important steps of our research analysis. It is a continuous process and is carried out at each level along the value chain. To ensure that the Cybersecurity Market estimates are unbiased and depict the actual market scenario, we carry out questionnaires-based research and telephonic discussions with raw material suppliers and manufacturers, product manufacturers and distributors. Additionally, we also cover insights from representatives of regulatory bodies and industry associations.

With the help of insights collected from industrial experts, we are able identify Cybersecurity Market segments and key parameters including spending habits of consumers, raw material and production trends, pricing mechanism, and expansion plans of market players. This helps us in providing an-depth analysis of the concerned market.

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This release was published on openPR.