Press release
Cyber Security Market Industry Trends, Business Share, Size, New Opportunities and Forecast 2029
15.09.2023 : Cyber Security Market is expected to grow at a CAGR of 9.7% through 2023 to 2029, reaching nearly USD 456.98 Bn.Cyber Security Market Report Scope and Research Methodology
Report Scope:
This comprehensive research report provides an in-depth analysis of the Global Cyber Security Market, offering insights into market dynamics, structure, and key players. It covers historical, current, and anticipated future developments, presenting clear analyses of complex data. The report caters to new entrants, market leaders, and followers, all actively engaged in thorough research.
In addition to exploring microeconomic aspects of the market, the report includes findings from PORTER and PESTEL assessments. Decision-makers will gain a futuristic outlook on the market by considering internal and external factors that may positively or negatively impact their organizations.
Market segmentation analysis and forecasts are included, serving as a buyer's guide by providing a comparative analysis of top cyber security firms based on price, financial performance, product range, growth strategies, and global presence.
Research Methodology:
The research is grounded in extensive data collection on major providers' revenues, categorized by organization size (Large Enterprise and SMEs), deployment mode (Cloud and On-premises), and industry (Banking, Financial Services, and Insurance, Government, Aerospace & Defense, IT and Telecom, Manufacturing, Healthcare, Energy & Utilities, Retail, and Others). Primary research, including interviews with key industry figures such as CEOs, VPs, directors, and executives, further refined these categories.
Market size estimation employs a bottom-up approach, identifying leading players in the cyber security sector and calculating their market revenues using primary and secondary research. The study diverges from relying solely on secondary research, incorporating primary research by examining annual and financial reports of key manufacturers and engaging in discussions with industry leaders like CEOs and marketing executives.
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What are Cyber Security Market Dynamics?
Market Drivers:
Cybersecurity Mesh: The cybersecurity mesh represents a new approach to security architectures, allowing decentralized companies to deliver and extend security where needed most. It decentralizes security to protect user or device identities, focusing on securing individual access points while preventing unauthorized access.
Next-Generation Firewalls (NGFWs) and Advanced Threat Protection (ATP): Young startups face budget constraints in adopting these technologies, potentially hindering their cybersecurity efforts.
Market Restraints:
Resource Constraints in Small Businesses: Small businesses in developing economies may struggle to adopt cybersecurity solutions due to limited investments and resources. Managing budget allocations for various operational needs and business continuity plans can be challenging.
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Cyber Security Market Segmentation?
Organization Size: Large Enterprises are expected to dominate the market, utilizing cybersecurity to protect networks, endpoints, data centers, devices, users, and apps from illegal access and ransomware attacks.
Deployment Mode: Cloud deployment is projected to experience rapid growth, offering speed, scalability, and enhanced IT security. This deployment mode is becoming increasingly popular among SMEs and large companies.
Industry: The Healthcare segment is poised for rapid growth due to the vulnerability of medical data and digital medical devices to advanced threats. Government institutions are expected to contribute significantly to market share due to increased adoption of cybersecurity solutions.
Who are Cyber Security Market Key Players?
1.Check Point Software Technologies Ltd.
2.Cisco Systems, Inc.
3.CyberArk Software Ltd.
4.Qualys, Inc.
5.Palo Alto Networks, Inc.
6.LogRhythm, Inc.
7.IBM Corporation
8.Hewlett Packard Enterprise
9.Kaspersky Lab
10.Symantec Corporation
11.Optiv Security Inc.
12.Webroot, Inc.
13.Fortinet, Inc.
14.Imperva, Inc.
15.McAfee LLC
16.Trend Micro, Inc.
17.F-Secure
18.Trustwave Holdings, Inc.
19.FireEye, Inc.
20.Sophos Ltd.
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Table of Content: Cyber Security Market
Part 01: Executive Summary
Part 02: Scope of the Cyber Security Market Report
Part 03: Global Cyber Security Market Landscape
Part 04: Global Cyber Security Market Sizing
Part 05: Global Cyber Security Market Segmentation by Type
Part 06: Five Forces Analysis
Part 07: Customer Landscape
Part 08: Geographic Landscape
Part 09: Decision Framework
Part 10: Drivers and Challenges
Part 11: Market Trends
Part 12: Vendor Landscape
Part 13: Vendor Analysis
Regional Insights:
North America: North America holds the largest market share due to the presence of key cybersecurity companies offering modern solutions across various industry verticals. Major players like IBM, Oracle, Fortinet, Microsoft, and Trend Micro, along with startups, are contributing to the widespread deployment of cybersecurity solutions.
Key Offerings:
Past Market Size and Competitive Landscape (2018 to 2021)
Past Pricing and price curve by region (2018 to 2021)
Market Size, Share, Size & Forecast by different segment | 2022-2029
Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
Market Segmentation - A detailed analysis by Product
Competitive Landscape - Profiles of selected key players by region from a strategic perspective
Competitive landscape - Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER's analysis
Value chain and supply chain analysis
Legal Aspects of business by region
Lucrative business opportunities with SWOT analysis
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About Maximize Market Research:
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