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Cybersecurity Market worth $456.36 billion by 2030, growing at a CAGR of 10.08% - Exclusive Report by 360iResearch
Cybersecurity Market | 360iResearch
The Global Cybersecurity Market to grow from USD 232.95 billion in 2023 to USD 456.36 billion by 2030, at a CAGR of 10.08%.
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The cybersecurity market encompasses various products, services, and solutions designed to protect digital devices, networks, applications, and sensitive information from unauthorized access or attacks. The increasing consumer reliance on digital and smart devices worldwide has led to numerous growth factors for the cybersecurity market. The improved utilization of internet and blockchain services in banking and financial institutions has enhanced the adoption of cybersecurity solutions. The increasing number of data centers worldwide created a surge in demand for cybersecurity services. However, lack of skilled personnel for the implementation & maintenance of cybersecurity solutions has been a constricting factor for the market. The data privacy issues and regulations related to user safety may be a challenging factor for the adoption of cybersecurity services. Moreover, the integration of AI and ML in cybersecurity services and the utilization of cybersecurity for cloud computing purposes are expected to generate opportunities for market growth in the forecast period.
The Americas has a highly developed infrastructure for cybersecurity solutions due to the presence of significant market players. Countries, including the United States and Canada, have been actively enhancing its cybersecurity posture through collaborative efforts between government organizations and industry partners. The European Union's approach towards cybersecurity is marked by a strong focus on data privacy as exemplified by regulations like the General Data Protection Regulation (GDPR). The market players are expanding their services in the region, abiding by the strict governmental rules regarding the protection of user data. China, Japan, and India are major countries in the APAC region focused on exerting substantial state control over their digital ecosystem to develop a comprehensive cyberspace strategy for market growth.
Market Segmentation & Coverage:
This research report categorizes the Cybersecurity Market in order to forecast the revenues and analyze trends in each of following sub-markets:
Based on Security Type, market is studied across Application Security and Cloud Security. The Application Security is projected to witness significant market share during forecast period.
Based on Product Type, market is studied across Services and Solutions. The Services is further studied across Consulting Services, Managed Security Services, and Professional Services. The Solutions is further studied across DDoS Mitigation, Email Security, Endpoint Security, Identity & Access Management, Intrusion Detection System, IoT Security, Next-Generation Firewall, Security & Vulnerability Management, Security Information & Event Management, and Threat Detection & Prevention. The Solutions is projected to witness significant market share during forecast period.
Based on Deployment Mode, market is studied across Cloud and On-Premise. The Cloud is projected to witness significant market share during forecast period.
Based on End User, market is studied across Aerospace, Defense & Intelligence, Banking, Financial Services & Insurance, Healthcare, IT & Telecommunication, Manufacturing, Public Sector, Public Utility, and Retail. The Public Utility is projected to witness significant market share during forecast period.
Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Americas commanded largest market share of 43.87% in 2023, followed by Europe, Middle East & Africa.
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FPNV Positioning Matrix:
The FPNV Positioning Matrix is essential for assessing the Cybersecurity Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).
Market Share Analysis:
The Market Share Analysis offers an insightful look at the current state of vendors in the Cybersecurity Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.
Key Company Profiles:
The report delves into recent significant developments in the Cybersecurity Market, highlighting leading vendors and their innovative profiles. These include ALSTOM Transport SA, Capgemini SE, Cato Networks Ltd., Check Point Software Technologies Ltd, Cisco Systems, Inc., Cyber Ark Software Ltd, Denso Corporation, FireEye Security Holdings US LLC, Fortinet, Inc., Imperva Inc., International Business Machines Corporation, Juniper Networks, Inc., Palo Alto Networks, Inc., ProofPoint Inc., Rapid7 Inc., and Trend Micro Incorporated.
Key Topics Covered:
1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Cybersecurity Market, by Security Type
7. Cybersecurity Market, by Product Type
8. Cybersecurity Market, by Deployment Mode
9. Cybersecurity Market, by End User
10. Americas Cybersecurity Market
11. Asia-Pacific Cybersecurity Market
12. Europe, Middle East & Africa Cybersecurity Market
13. Competitive Landscape
14. Competitive Portfolio
The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments
The report answers questions such as:
1. What is the market size and forecast of the Cybersecurity Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Cybersecurity Market?
3. What is the competitive strategic window for opportunities in the Cybersecurity Market?
4. What are the technology trends and regulatory frameworks in the Cybersecurity Market?
5. What is the market share of the leading vendors in the Cybersecurity Market?
6. What modes and strategic moves are considered suitable for entering the Cybersecurity Market?
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About 360iResearch
360iResearch is a market research and business consulting company headquartered in India, with clients and focus markets spanning the globe.
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Quick on our feet, we have our ear to the ground when it comes to market intelligence and volatility. Our market intelligence is diligent, real-time and tailored to your needs, and arms you with all the insight that empowers strategic decision-making.
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