The Worldwide Cyber Security Industry is Forecasted to Reach $297.2 Billion in 2026

DUBLIN, Dec. 23, 2022 /PRNewswire/ -- The "Global Cyber Security Market (By Segment, End-Users & Region): Insights & Forecast with Potential Impact of COVID-19 (2022-2026)" report has been added to  ResearchAndMarkets.com's offering.

The global cyber security market is forecasted to reach US$297.2 billion in 2026, experiencing growth at a CAGR of 7.54% during the period spanning from 2022 to 2026.

Growth in the global cyber security market was supported by factors such as surge in cyber crime rate, increasing digitalization, rise in cyber security regulations, evolution of Internet of Things (IoT) devices, upsurge in web traffic, surge in tech startups, and rising e-commerce sales.

However, the market growth is expected to be restrained by complexity of network infrastructure and higher reliance on traditional authentication methods.

The global cyber security market by type can be segmented as follows: security services, infrastructure protection, network security, identity access management, consumer security services, integrated risk management, data security, application security, cloud security and other information security software.

In 2021, the dominant share of global cyber security market was held by security services, followed by infrastructure protection. The global cyber security market by end user can be segmented as follows: government, IT & telecom, banking, manufacturing, insurance, transportation, securities and others. The largest share of the market was being held by government, followed by IT & telecom and banking.

The global cyber security market by region can be segmented as follows: North America, Europe, Asia Pacific, Latin America and Middle East & Africa. In 2021, the dominant share of market was being held by North America, followed by Europe and Asia Pacific. Factors such as surge in tech startups and rising e-commerce sales helped in boosting market growth.

Scope of the report

• The report provides a comprehensive analysis of the global cyber security market with potential impact of COVID-19.
• The major regional markets (North America, Europe, Asia Pacific, Latin America and Middle East & Africa) have been analyzed.
• The market dynamics such as growth drivers, market trends and challenges are analyzed in-depth
• The competitive landscape of the market, along with the company profiles of leading players (International Business Machines Corporation (IBM), Cisco Systems, Inc., Broadcom Inc., Palo Alto Networks, Inc., McAfee Corp., Check Point Software Technologies Limited) are also presented in detail.

Key Topics Covered:

1. Market Overview

2. Impact of COVID-19

3. Market Analysis
3.1 Global Cyber Security Market by Value
3.2 Global Cyber Security Market Forecast by Value
3.3 Global Cyber Security Market by Segment
3.3.1 Global External and Internal Cyber Security Market by Value
3.3.2 Global External and Internal Cyber Security Market Forecast by Value
3.4 Global Cyber Security Market by Type
3.4.1 Global Security Services Market Forecast by Value
3.4.2 Global Infrastructure Protection Market Forecast by Value
3.4.3 Global Network Security Market Forecast by Value
3.4.4 Global Identity Access Management Market Forecast by Value
3.4.5 Global Consumer Security Services Market Forecast by Value
3.4.6 Global Integrated Risk Management Security Market Forecast by Value
3.4.7 Global Data Security Market Forecast by Value
3.4.8 Global Application Security Market Forecast by Value
3.4.9 Global Cloud Security Market Forecast by Value
3.4.10 Global Other Information Security Software Market Forecast by Value
3.5 Global Cyber Security Market by End User
3.5.1 Global Government Cyber Security Market by Value
3.5.2 Global Government Cyber Security Market Forecast by Value
3.5.3 Global IT & Telecom Cyber Security Market by Value
3.5.4 Global IT & Telecom Cyber Security Market Forecast by Value
3.5.5 Global Banking Cyber Security Market by Value
3.5.6 Global Banking Cyber Security Market Forecast by Value
3.5.7 Global Manufacturing Cyber Security Market by Value
3.5.8 Global Manufacturing Cyber Security Market Forecast by Value
3.5.9 Global Insurance Cyber Security Market by Value
3.5.10 Global Insurance Cyber Security Market Forecast by Value
3.5.11 Global Transportation Cyber Security Market by Value
3.5.12 Global Transportation Cyber Security Market Forecast by Value
3.5.13 Global Securities Cyber Security Market by Value
3.5.14 Global Securities Cyber Security Market Forecast by Value
3.6 Global Cyber Security Market by Device
3.7 Global Cyber Security Market by Region

4. Regional Market

5. Market Dynamics
5.1 Growth Drivers
5.1.1 Increasing Digitalization
5.1.2 Rise in Cyber Security Regulations
5.1.3 Upsurge in Web Traffic
5.1.4 Surge in Cyber Crime Rate
5.1.5 Surge in Tech Startups
5.1.6 Rising E-commerce Sales
5.2 Key Trends & Developments
5.2.1 Evolution of Internet of Things (IoT) Devices
5.2.2 Integration of Artificial Intelligence in Cyber Security
5.2.3 Rise in Smart City Projects
5.2.4 Growth in 5G Network Connections
5.2.5 Cyber Security Mesh
5.3 Challenges
5.3.1 Complexity of Network Infrastructure
5.3.2 Higher Reliance on Traditional Authentication Methods
5.3.3 Shortage of Skilled Cyber Security Professionals

6. Competitive Landscape
6.1 Global Market
6.1.1 Market Share - Key Players

7. Company Profiles
7.1 International Business Machines Corp. (IBM)
7.1.1 Business Overview
7.2 Cisco Systems, Inc.
7.2.1 Business Overview
7.3 McAfee Corp.
7.3.1 Business Overview
7.4 Broadcom Inc.
7.4.1 Business Overview
7.5 Palo Alto Networks, Inc.
7.5.1 Business Overview
7.6 Check Point Software Technologies Limited
7.6.1 Business Overview

For more information about this report visit https://www.researchandmarkets.com/r/gc9gi1

Media Contact:

Research and Markets
Laura Wood, Senior Manager
[email protected]

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SOURCE Research and Markets

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