NEW YORK, Nov. 2, 2023 /PRNewswire/ -- The Cyber Security Market is estimated to grow at a CAGR of 13.57% between 2022 and 2027. The size of the market is forecast to increase by USD 203.5 billion. The global cyber security market is fragmented with the presence of many leading global and regional vendors. AO Kaspersky Lab, Booz Allen Hamilton Holding Corp., Broadcom Inc., Check Point Software Technologies Ltd., Cisco Systems Inc., Dell Technologies Inc., Fortinet Inc., F Secure Corp., General Dynamics Corp., Hewlett Packard Enterprise Co., International Business Machines Corp., Juniper Networks Inc., Lockheed Martin Corp., McAfee LLC, Microsoft Corp., Northrop Grumman Corp., Raytheon Technologies Corp., Sophos Ltd., The Boeing Co., and Trend Micro Inc. are some of the major vendors in the market.
To get insights on the yearly growth variance and the Y-O-Y growth rate,historic & forecast for 2017 to 2021, and 2022 to 2027 Request a sample report.
What`s New for 2023?
- Special coverage on the Russia-Ukraine war; global inflation; recovery analysis from COVID-19; supply chain disruptions, global trade tensions; and risk of recession
- Global competitiveness and key competitor positions
- Market presence across multiple geographical footprints - Strong/Active/Niche/Trivial
- Customization options available as per your business needs
- Access to 17000+ research report subscriptions
Market Challenges
The high deployment cost is a major challenge to the global cybersecurity market. The total installation cost includes the cost of software licensing, system designing and customization, implementation, training, and maintenance for an individual organization. There are additional costs related to the recruitment of IT staff and training costs for the existing employees. Factors like these can impede the growth of the market during the forecast period.
To learn about additional key drivers, trends, and challenges available with historic & forecast 2017 to 2021, 2022 to 2027 - Read our Sample Report right now!
Vendor offerings
- Kaspersky Co. - The company offers cyber security such as Kaspersky Total Security.
- Boozallen Co. - The company offers cyber security such as National Cyber.
- Broadcom Co. - The company offers cyber security such as Symantec Enterprise Cloud.
- To gain access to more vendor profiles with their key offerings available with Technavio, Click Here
Technavio report extensively covers market segmentation by deployment (on-premise and cloud-based), end-user (government, BFSI, ICT, manufacturing, and others), and geography (North America, APAC, Europe, Middle East and Africa, and South America.
Market Challenges
There is an elevation in the number and frequency of cyber threats due to increased internet penetration. As the usage of mobile devices for m-commerce and bill payments is increasing, the confidential information accessed by the device needs high-level protection. Thus, increasing the adoption of mobile devices will increase the demand for cyber security solutions, which will boost the market's growth during the forecast period.
For additional insights into the contribution of all the segments, and regional opportunities, historic & forecast 2017 to 2021, 2022 to 2027 - View our sample report
Why Buy?
- Add credibility to strategy
- Analyzes competitor's offerings
- Get a holistic view of the market
Grow your profit margin with Technavio – Buy the Report!
Gain instant access to 17,000+ market research reports.
Technavio's SUBSCRIPTION platform
Related Reports:
The cyber insurance market is estimated to grow at a CAGR of 35.92% between 2022 and 2027. The size of the market is forecast to increase by USD 42,812.64 million. The widespread adoption of technology has significantly impacted the growth of the global cyber insurance market.
The Cloud Security Solutions Market is estimated to grow at a CAGR of 15.16% with a market size of USD 8.63 billion during the period of 2021 to 2026. Organizations seeking to leverage the benefits of both private and public clouds are increasingly adopting the hybrid cloud model, which allows them to benefit from the security of the private cloud as well as the cost savings of the public cloud.
Key Topics Covered:
- Table of Contents
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Deployment
7 Market Segmentation by End-User
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Company Landscape
12 Company Analysis
13 Appendix
About US
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
Contact
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email:[email protected]
Website: www.technavio.com/
SOURCE Technavio
![](https://rt.prnewswire.com/rt.gif?NewsItemId=CG54402&Transmission_Id=202311020035PR_NEWS_USPR_____CG54402&DateId=20231102)
Share this article