2018 Global Cyber Security Market Report 2013-2023 - Rising Incidence of Cyber Attacks & Usage of Mobile Devices is Driving the Market

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Mar 16, 2018, 05:45 ET

DUBLIN, March 16, 2018 /PRNewswire/ --

The "Cyber Security Market by Component (Solution, Service), by Security Type, by Deployment Mode, by Organization Size, by Industry, by Geography - Global Market Size, Share, Development, Growth and Demand Forecast, 2013-2023" report has been added to ResearchAndMarkets.com's offering.

The cyber security market has been gaining traction due to its increased adoption in multiple industries, such as aerospace and defense, government, banking, financial services and insurance (BFSI), healthcare, retail, IT & telecom, and manufacturing. Cyber security solutions have been garnering higher revenues as compared to services; however, a higher growth is being witnessed in the services category. They enable enterprises to identify threats and protect organizations' data from lethal cyber-attacks. It speeds up the process of noticing attacks and enables organizations to adopt predictive measures in combating cyber-crimes, which has been driving its market.

Based on security type, application was globally the largest security type, with $18.7 billion in 2016. Large enterprises accounted for larger share of the cyber security market compared to SMEs. The demand for cyber security has been growing by more than 5% in all the industries, however, the highest growth in demand has been observed from BFSI, where the rate of cyber-attacks is very high.

Cyber security solutions accounted for over 60% of the cyber security market in 2016, however, owing to a higher growth rate, the market share for services is expected to rise during the forecast period. The major types of solutions include risk and compliance management, identity and access management, firewall, security and vulnerability management, and others, where risk and compliance management hold the largest market. Disaster recovery had a comparatively smaller market size in 2016 among the solution types, and is expected to witness the highest growth of over 19%, during the forecast period.

Increasing number of smart phone users, growing bring your own device (BYOD) trend, and enterprise mobility requirements are some of the factors bolstering the growth of the cyber security industry. The growing need to combat malicious attacks in large, small, and mid-sized organizations through advanced solutions, is anticipated to drive the growth of the cyber security market in future. The growing awareness of security breaches and their impact have led to increased IT spending in 95% of the organizations. In an inter-connected business ecosystem, where business interacts with multiple systems across regions, there are high chances that organizations' digital landscape may get compromised during global interaction. The need to protect organization systems from cyber threats is leading to the adoption of cyber security.

Geographically, the cyber security market is expected to witness the fastest growth in Asia-Pacific, during the forecast period. High value targets in a less secure environment, have made this region a potential target for cyber-criminals. China accounted for the largest share of 31.4% of the APAC cyber security market in 2016. This is mainly attributed to the increased wired and wireless internet usage, rapid computerization, growth of e-commerce, and the rise in the adoption of cloud computing in the country.

The cyber security market is fragmented, and has been witnessing several partnerships and acquisitions among key players. Some of the major players in the cyber security industry are BAE Systems, Plc, RSA Security LLC, IBM Corporation, Symantec Corporation, Palo Alto Networks, Inc., Fortinet, Inc., FireEye, Inc., Check Point Software Technologies Ltd, Cisco Systems Inc., and Juniper Networks, Inc.

Market Dynamics

Trends

Adoption of BYOD
Rise in Number of Mergers and Acquisitions in Cyber Security

Drivers

Rising Incidence of Cyber Attacks
Increased Usage of Mobile Devices
Stringent Government Regulation for Data Privacy
Impact Analysis of Drivers on Market Forecast

Restraints

Lack of Awareness for Security in SMEs
Restricted Budget for Cyber Security
Impact Analysis of Restraints on Market Forecast

Key Topics Covered

Chapter 1. Research Background
1.1 Research Objectives
1.2 Market Definition
1.3 Research Scope
1.3.1 Market Segmentation by Component
1.3.2 Market Segmentation by Security Type
1.3.3 Market Segmentation by Deployment Type
1.3.4 Market Segmentation by Organization Size
1.3.5 Market Segmentation by Industry
1.3.6 Market Segmentation by Geography
1.3.7 Analysis Period
1.3.8 Market Data Reporting Unit
1.3.8.1 Value
1.4 Key Stakeholders

Chapter 2. Research Methodology
2.1 Secondary Research
2.2 Primary Research
2.2.1 Breakdown of Primary Research Respondents
2.2.1.1 By region
2.2.1.2 By industry participant
2.2.1.3 By company type
2.3 Market Size Estimation
2.4 Data Triangulation
2.5 Assumptions for the Study

Chapter 3. Executive Summary

Chapter 4. Introduction
4.1 Definition of Market Segments
4.1.1 By Component
4.1.1.1 Solution
4.1.1.1.1 Risk & compliance management
4.1.1.1.2 IAM
4.1.1.1.3 Firewall
4.1.1.1.4 Security & vulnerability management
4.1.1.1.5 Encryption
4.1.1.1.6 IDS / IPS
4.1.1.1.7 UTM
4.1.1.1.8 Disaster recovery
4.1.1.1.9 Web filtering
4.1.1.1.10 DDoS Mitigation
4.1.1.1.11 Antivirus/antimalware
4.1.1.1.12 Data loss prevention
4.1.1.2 Services
4.1.1.2.1 Managed services
4.1.1.2.2 Professional services
4.1.2 By Security Type
4.1.2.1 Application security
4.1.2.2 Network security
4.1.2.3 Endpoint security
4.1.2.4 Cloud security
4.1.3 By Deployment Type
4.1.3.1 On-Premise
4.1.3.2 Cloud
4.1.4 By Organization Size
4.1.4.1 Large enterprises
4.1.4.2 Small & medium enterprises
4.1.5 By Industry
4.1.5.1 Aerospace & defense
4.1.5.2 Government
4.1.5.3 BFSI
4.1.5.4 IT & telecom
4.1.5.5 Healthcare
4.1.5.6 Retail
4.1.5.7 Manufacturing
4.1.5.8 Others
4.2 Market Dynamics
4.2.1 Trends
4.2.2 Drivers
4.2.3 Restraints
4.2.4 Opportunities
4.3 Porter's Five Forces Analysis
4.3.1 Bargaining Power of Buyers
4.3.2 Bargaining Power of Suppliers
4.3.3 Threat of New Entrants
4.3.4 Threat of Substitutes
4.3.5 Intensity of Rivalry

Chapter 5. Global Market Size and Forecast
5.1 By Component
5.1.1 Cyber Security Solution Market, by Type
5.1.2 Cyber Security Service Market, By Type
5.2 By Security Type
5.3 By Deployment Type
5.4 By Organization Size
5.5 By Industry
5.6 By Region

Chapter 6. North America Market Size and Forecast
6.1 By Component
6.1.1 Cyber Security Solution Market, By Type
6.1.2 Cyber Security Service Market, By Type
6.2 By Security Type
6.3 By Deployment Type
6.4 By Organization Size
6.5 By Industry
6.6 By Country

Chapter 7. Europe Market Size and Forecast
7.1 By Component
7.1.1 Cyber Security Solution Market, By Type
7.1.2 Cyber Security Service Market, By Type
7.2 By Security Type
7.3 By Deployment Type
7.4 By Organization Size
7.5 By Industry
7.6 By Country

Chapter 8. Asia-Pacific (APAC) Market Size and Forecast
8.1 By Component
8.1.1 Cyber Security Solution Market, By Type
8.1.2 Cyber Security Service Market, By Type
8.2 By Security Type
8.3 By Deployment Type
8.4 By Organization Size
8.5 By Industry
8.6 By Country

Chapter 9. Middle East & Africa (MEA) Market Size and Forecast
9.1 By Component
9.1.1 Cyber Security Solution Market, by Type
9.1.2 Cyber Security Service Market, by Type
9.2 By Security Type
9.3 By Deployment Type
9.4 By Organization Size
9.5 By Industry
9.6 By Country

Chapter 10. Latin America (LATAM) Market Size and Forecast
10.1 By Component
10.1.1 Cyber Security Solution Market, by Type
10.1.2 Cyber Security Service Market, by Type
10.2 By Security Type
10.3 By Deployment Type
10.4 By Organization Size
10.5 By Industry
10.6 By Country

Chapter 11. Competitive Landscape
11.1 Product Benchmarking of Key Players
11.2 Global Strategic Developments of Key Players
11.2.1 Merger and Acquisition
11.2.2 Product Launch
11.2.3 Partnership
11.2.4 Others

Chapter 12. Company Profiles
12.1 BAE Systems, Plc.
12.1.1 Business Overview
12.1.2 Product and Service Offerings
12.1.3 Key Financial Summary
12.1.4 Strategic Growth Plans
12.2 RSA Security LLC
12.2.1 Business Overview
12.2.2 Product and Service Offerings
12.2.3 Strategic Growth Plans
12.3 IBM Corporation
12.3.1 Business Overview
12.3.2 Product and Service Offerings
12.3.3 Key Financial Summary
12.3.4 Strategic Growth Plans
12.4 Symantec Corporation
12.4.1 Business Overview
12.4.2 Product and Service Offerings
12.4.3 Key Financial Summary
12.4.4 Strategic Growth Plans
12.5 Palo Alto Networks, Inc.
12.5.1 Business Overview
12.5.2 Product and Service Offerings
12.5.3 Key Financial Summary
12.5.4 Strategic Growth Plans
12.6 Fortinet, Inc.
12.6.1 Business Overview
12.6.2 Product and Service Offerings
12.6.3 Key Financial Summary
12.6.4 Strategic Growth Plans
12.7 FireEye, Inc.
12.7.1 Business Overview
12.7.2 Product and Service Offerings
12.7.3 Key Financial Summary
12.7.4 Strategic Growth Plans
12.8 Check Point Software Technologies Ltd.
12.8.1 Business Overview
12.8.2 Product and Service Offerings
12.8.3 Key Financial Summary
12.8.4 Strategic Growth Plans
12.9 Cisco Systems Inc.
12.9.1 Business Overview
12.9.2 Product and Service Offerings
12.9.3 Key Financial Summary
12.9.4 Strategic Growth Plans
12.10 Juniper Network, Inc.
12.10.1 Business Overview
12.10.2 Product and Service Offerings
12.10.3 Key Financial Summary
12.10.4 Strategic Growth Plans

For more information about this report visit https://www.researchandmarkets.com/research/9pjbjk/2018_global_cyber?w=5

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