Market Highlights
The cybersecurity market is anticipated to grow by US$199.98 billion by 2025rapidly growing at a CAGR of 10.5% during the forecast period 2019 to 2025. The global cybersecurity market is driven by growing demand for cloud-based security solutions and growing need for enterprises to reduce risks. These factors have helped shape the cybersecurity market and are expected to boost the growth. Companies in the cybersecurity market could also face challenges such as limited security budgets among the small and medium businesses and lack of awareness about cybersecurity. The details covered in the cybersecurity market report cover all the aspects of the industry. cybersecurity market analysts have also shared growth projections in the report and have suggested cybersecurity market players to plan growth strategies accordingly.
Segmentation:
The global cybersecurity market size has been segmented based on organization size, component, deployment, vertical, and security type. On the basis of components, the market for cybersecurity is segmented based on services and solutions. The solutions segment has been split by risk and compliance management, identity and access management, security information and event management, disaster recovery, unified threat management, antivirus, firewall, data loss prevention, web filtering, and others. The services segment has been divided into managed and professional services. The latter is further classified as consulting, training & education, design & integration and support & maintenance. Additionally, the market on the basis of organization size, is segmented into endpoint security, network security, application security, wireless security, cloud security, and others.. The global market for cybersecurity is also covered based on the vertical segment which is further split into healthcare, aerospace & defense, BFSI, IT & telecommunication, government, retail, and others. Based on deployment, the market is segmented into cloud and on-premise.
Factors like demand for cybersecurity solutions and the need for stringent compliance with the regulatory requirements support the cybersecurity market growth. The performance of the cybersecurity market has also been studied for the past and current years. Additionally, the cybersecurity market report provides analysis of these segments. The cybersecurity market segmental analysis provided in the report offers major details about the cybersecurity market performance and future.
Regional Overview
Companies in the cybersecurity market are spread across the world. The cybersecurity market report provides major information about regional markets of North America, Europe, Asia-Pacific (APAC), and the rest of the world. The North American cybersecurity market has many companies across the United States, Canada, and Mexico. Europe has companies in the cybersecurity market across Germany, France, Spain, Italy, and the United Kingdom. A detailed analysis of the cybersecurity market across India, China, and Japan in the Asia-Pacific region is also presented in the report. The cybersecurity market of the Middle East, Africa, and other regions has also been studied by analysts. The regional analysis of the cybersecurity market can be found in the market research report.
Competitive Landscape
The cybersecurity market is supported by the rising number of enterprises deploying the cybersecurity solutions for security reasons and growing incidents of cyber-attacks. The population growth around the world and increasing demand of cybersecurity market based services and products also support the market growth. However, the cybersecurity market growth can be affected due to budget concerns among SMEs and lack of customized business solutions. The report covers all such details which will help companies in the cybersecurity market to strengthen their business plan and improve their product portfolio. The cybersecurity market research report also provides company profiles of major companies. The company profile of organizations operating in the cybersecurity market discusses strategies, growth plans, size, revenue, and mergers and acquisition details of top companies in the cybersecurity market. New entrants and established players can plan their strategies based on this data provided in the cybersecurity market research report.
Industry News
According to a release, Sysnet Global Solutions has acquired NuArx, a supplier of data protection and regulatory solutions. The news comes after the acquisition by Sysnet of ControlScan, a Top 250 MSSP, and Viking Cloud in December 2020, the Controlled Enforcement Solutions (MCS). The companies said that NuArx gives Sysnet the experience in enforcement and security. Sysnet is intended to have a cyber protection and security advisory network and to expand its global expansion.
