EUR USD GBP
+353-1-416-8900REST OF WORLD
1-800-526-8630U.S. (TOLL FREE)

Cyber Security Market by Solutions, Services, Security Type, Deployment Mode, Organization Size, Vertical & Region - Global Forecast to 2021

  • ID: 3799950
  • Report
  • July 2016
  • Region: Global
  • 213 Pages
  • Markets and Markets
1 of 4
Rise in Security Breaches Targeting Enterprises Driving the Growth of the Cyber Security Market

FEATURED COMPANIES

  • Cisco Systems, Inc.
  • EMC RSA
  • Fireeye, Inc.
  • Intel Security
  • Rapid7, Inc.
  • Sophos Ltd.
  • MORE

Rise in security breaches targeting enterprises driving the growth of the cyber security market

Estimates suggest the global cyber security market will grow from USD 122.45 billion in 2016 to USD 202.36 billion by 2021, at a Compound Annual Growth Rate (CAGR) of 10.6%. The cyber security market is growing rapidly because of the increase in adoption of cyber security solutions, due to the increase in security breaches targeting enterprises.

Network security to have the largest market size in 2016

Network security is estimated to have the largest market size in 2016 because of the need for stringent compliance and regulatory requirements. The growth in the network security is associated with the rise in security breaches targeting enterprise networks, where hackers try to gain access to sensitive data. Furthermore, application security will grow at the highest CAGR during the forecast period, due to the rise in Internet of Things (IoT) and Bring Your Own Device (BYOD) trend.

BFSI vertical to have the highest growth rate during the forecast period

Cyber security solutions have been deployed across various industry verticals, including aerospace & defense, government & public utilities, Banking, Financial Services, and Insurance (BFSI), IT & telecom, healthcare, retail, manufacturing, and others. The BFSI vertical is expected to witness the highest CAGR during the forecast period because of the increasing adoption of web and mobile applications, which are prone to advanced cyber-attacks.

Asia-Pacific (APAC) is expected to have the highest growth rate during the forecast period

APAC includes emerging economies, such as India and China, which are rapidly deploying cyber security solutions. This is mainly due to the digitization of businesses and adoption of cloud services by small, medium, and large enterprises in the region.

In-depth interviews were conducted with CEOs, marketing directors, other innovation and technology directors, and executives from various key organizations operating in the cyber security marketplace.

  • By Company Type: Tier 1: 55%, Tier 2: 20%, Tier 3: 25%
  • By Designation: C-Level: 60%, Director Level: 25% , Others: 15%
  • By Region: North America: 10%, Europe: 20%, Asia-Pacific: 40%, ROW: 30%

The report includes the study of key players offering cyber security solutions and services; Intel Security (U.S.), Symantec Corporation (U.S.), Hewlett Packard Enterprise (U.S.), IBM Corporation (U.S.), Cisco Systems, Inc. (U.S.), Rapid7, Inc. (U.S.), EMC RSA (U.S.), FireEye, Inc. (U.S.), Trend Micro, Inc. (Japan), and Sophos Ltd. (U.K.) are some of the companies profiled in the report. The report includes in-depth competitive analysis of these key players in the cyber security market, with their company profiles, SWOT analysis, recent developments, and key market strategies.

The report will help the market leaders or new entrants in this market in the following ways:

  • This report segments the market into various subsegments, covering this market comprehensively. The report provides the closest approximations of the revenue numbers for the overall market and the subsegments. The market numbers are further split across different industry verticals and regions.
  • This report will help in better understanding of the competitors and gaining more insights to better one’s position in the market. There is a separate section on competitive landscape, which includes competitor ecosystem, mergers & acquisitions, integrations & expansions, and collaborations of various market vendors. Besides, there are company profiles of ten players in this market. In this section, market internals are provided that can put one ahead of the competitors.
  • The report also helps in understanding the overall growth of the market. It provides information on key market drivers, restraints, challenges, and opportunities.
READ MORE
Note: Product cover images may vary from those shown
2 of 4

FEATURED COMPANIES

  • Cisco Systems, Inc.
  • EMC RSA
  • Fireeye, Inc.
  • Intel Security
  • Rapid7, Inc.
  • Sophos Ltd.
  • MORE

1 Introduction
1.1 Objectives of the Study
1.2 Market Definition
1.3 Market Scope
1.3.1 Markets Covered
1.3.2 Years Considered for the Study
1.4 Currency
1.5 Limitations
1.6 Stakeholders

2 Research Methodology
2.1 Research Data
2.1.1 Secondary Data
2.1.1.1 Key Data From Secondary Sources
2.1.2 Primary Data
2.1.2.1 Key Data From Primary Sources
2.1.2.2 Key Industry Insights
2.1.2.3 Breakdown of Primary Interviews
2.2 Market Size Estimation
2.2.1 Bottom-Up Approach
2.2.2 Top-Down Approach
2.3 Market Breakdown and Data Triangulation
2.4 Research Assumptions

3 Executive Summary

4 Premium Insights
4.1 Attractive Market Opportunities in the Global Cyber Security Market
4.2 Cyber Security Market, By Component
4.3 Cyber Security Global Market
4.4 Lifecycle Analysis, By Region 2016

5 Market Overview
5.1 Introduction
5.2 Market Evolution
5.3 Market Segmentation
5.3.1 By Solution
5.3.2 By Service
5.3.3 By Security Type
5.3.4 By Deployment Mode
5.3.5 By Organization Size
5.3.6 By Vertical
5.3.7 By Region
5.4 Market Dynamics
5.4.1 Drivers
5.4.1.1 Rise in Security Breaches Targeting Enterprises
5.4.1.2 Need for Stringent Compliance and Regulatory Requirements
5.4.1.3 Rise in Adoption of Cloud-Based Security Solutions
5.4.1.4 Emergence of Risk-Based Frameworks for Cyber Security
5.4.2 Restraints
5.4.2.1 High Cost of Innovation and Budget Constraints
5.4.2.2 Increased Usage of Free and Pirated Security Solutions
5.4.3 Opportunities
5.4.3.1 Growing Market for Mobile and Web Applications and Platforms
5.4.3.2 Rise in Demand for Integrated and Next Generation Security Solutions
5.4.3.3 Leveraging Big Data Analytics for Cyber Security
5.4.4 Challenges
5.4.4.1 Shortage of Cyber Security Talent
5.4.4.2 Lack of Awareness About Advanced Cyber Threats
5.5 Regulatory Implications
5.5.1 Payment Card Industry Data Security Standard
5.5.2 Health Insurance Portability and Accountability Act
5.5.3 Federal Information Security Management Act
5.5.4 Gramm-Leach-Bliley Act
5.5.5 Sarbanes-Oxley Act
5.5.6 International Organization for Standardization Standard 27001
5.6 Innovation Spotlight

6 Industry Trends
6.1 Introduction
6.2 Value Chain Analysis
6.3 Key Trends in Cyber Security
6.3.1 The Upswing in Ransomeware
6.3.2 Internet of Things and Rise of Cyber Threats
6.3.3 Rise in Cloud Computing
6.3.4 Advancement in Security Intelligence
6.4 Strategic Benchmarking
6.4.1 Strategic Benchmarking: Technology Integration and Product Enhancement

7 Cyber Security Market Analysis, By Component
7.1 Introduction
7.2 Solution
7.3 Services

8 Cyber Security Market Analysis, By Solution
8.1 Introduction
8.2 Identity and Access Management
8.3 Risk and Compliance Management
8.4 Encryption
8.5 Data Loss Prevention
8.6 Unified Threat Management
8.7 Firewall
8.8 Antivirus/Antimalware
8.9 Intrusion Detection System/Intrusion Prevention System
8.10 Security and Vulnerability Management
8.11 Disaster Recovery
8.12 Distributed Denial of Service Mitigation
8.13 Web Filtering
8.14 Others

9 Cyber Security Market Analysis, By Service
9.1 Introduction
9.2 Managed Services
9.3 Professional Services
9.3.1 Consulting
9.3.2 Training and Education
9.3.3 Support and Maintenance
9.3.4 Design and Integration
9.3.5 Risk and Threat Assessment

10 Cyber Security Market Analysis, By Security Type
10.1 Introduction
10.2 Network Security
10.3 Endpoint Security
10.4 Application Security
10.5 Cloud Security
10.6 Wireless Security
10.7 Others

11 Cyber Security Market Analysis, By Deployment Mode
11.1 Introduction
11.2 Cloud
11.3 On-Premises

12 Cyber Security Market Analysis, By Organization Size
12.1 Introduction
12.2 Small and Medium Enterprises
12.3 Large Enterprises

13 Cyber Security Market Analysis, By Vertical
13.1 Introduction
13.2 Aerospace and Defense
13.3 Government and Public Utilities
13.4 Banking, Financial Services, and Insurance
13.5 IT and Telecom
13.6 Healthcare
13.7 Retail
13.8 Manufacturing
13.9 Others

14 Geographic Analysis
14.1 Introduction
14.2 North America
14.3 Europe
14.4 Asia-Pacific
14.5 Middle East and Africa
14.6 Latin America

15 Competitive Landscape
15.1 Overview
15.2 Competitive Situation and Trends
15.2.1 Agreements, Partnerships, Agreements, and Collaborations
15.2.2 Mergers and Acquisitions
15.2.3 New Product Launches
15.2.4 Business Expansions

16 Company Profiles
16.1 Introduction
16.2 Intel Security
16.3 Symantec Corporation
16.4 Hewlett-Packard Enterprise
16.5 International Business Machines Corporation
16.6 Cisco Systems, Inc.
16.7 Rapid7, Inc.
16.8 EMC RSA
16.9 Fireeye, Inc.
16.10 Trend Micro, Inc.
16.11 Sophos Ltd.

17 Key Innovators
17.1 Logrhythm, Inc.
17.2 Pradeo Security Systems
17.3 Centrify Corporation

18 Appendix

List of Tables

Table 1 Cyber Security Market Size and Growth, 2014 - 2021 (USD Billion, Y-O-Y %)
Table 2 Innovation Spotlight: Latest Cyber Security Innovations
Table 3 Cyber Security Market Size, By Component, 2014 - 2021 (USD Billion)
Table 4 Solution: Cyber Security Market Size, By Region, 2014 - 2021 (USD Billion)
Table 5 Services: Cyber Security Market Size, By Region, 2014 - 2021 (USD Billion)
Table 6 Cyber Security Market Size, By Solution, 2014 - 2021 (USD Billion)
Table 7 Identity and Access Management: Cyber Security Market Size, By Region, 2014 - 2021 (USD Billion)
Table 8 Risk and Compliance Management: Cyber Security Market Size, By Region, 2014 - 2021 (USD Billion)
Table 9 Encryption: Cyber Security Market Size, By Region, 2014 - 2021 (USD Billion)
Table 10 Data Loss Prevention: Cyber Security Market Size, By Region, 2014 - 2021 (USD Billion)
Table 11 Unified Threat Management: Cyber Security Market Size, By Region, 2014 - 2021 (USD Billion)
Table 12 Firewall: Cyber Security Market Size, By Region, 2014 - 2021 (USD Billion)
Table 13 Antivirus/Antimalware: Cyber Security Market Size, By Region, 2014 - 2021 (USD Billion)
Table 14 Intrusion Detection System/Intrusion Prevention System: Cyber Security Market Size, By Region, 2014 - 2021 (USD Billion)
Table 15 Security and Vulnerability Management: Cyber Security Market Size, By Region, 2014 - 2021 (USD Billion)
Table 16 Disaster Recovery: Cyber Security Market Size, By Region, 2014 - 2021 (USD Billion)
Table 17 Distributed Denial of Service Mitigation: Cyber Security Market Size, By Region, 2014 - 2021 (USD Billion)
Table 18 Web Filtering: Cyber Security Market Size, By Region, 2014 - 2021 (USD Billion)
Table 19 Others: Cyber Security Market Size, By Region, 2014 - 2021 (USD Billion)
Table 20 Cyber Security Market Size, By Service, 2014 - 2021 (USD Billion)
Table 21 Managed Services: Cyber Security Market Size, By Region, 2014 - 2021 (USD Billion)
Table 22 Professional Services: Cyber Security Market Size, By Region, 2014 - 2021 (USD Billion)
Table 23 Professional Services: Cyber Security Market Size, By Type, 2014 - 2021 (USD Billion)
Table 24 Consulting: Cyber Security Market Size, By Region, 2014 - 2021 (USD Billion)
Table 25 Training and Education: Cyber Security Market Size, By Region, 2014 - 2021 (USD Billion)
Table 26 Support and Maintenance: Cyber Security Market Size, By Region, 2014 - 2021 (USD Billion)
Table 27 Design and Integration: Cyber Security Market Size, By Region, 2014 - 2021 (USD Billion)
Table 28 Risk and Threat Assessment: Cyber Security Market Size, By Region, 2014 - 2021 (USD Billion)
Table 29 Cyber Security Market Size, By Security Type, 2014 - 2021 (USD Billion)
Table 30 Network Security: Cyber Security Market Size, By Region, 2014 - 2021 (USD Billion)
Table 31 Endpoint Security: Cyber Security Market Size, By Region, 2014 - 2021 (USD Billion)
Table 32 Application Security: Cyber Security Market Size, By Region, 2014 - 2021 (USD Billion)
Table 33 Cloud Security: Cyber Security Market Size, By Region, 2014 - 2021 (USD Billion)
Table 34 Wireless Security: Cyber Security Market Size, By Region, 2014 - 2021 (USD Billion)
Table 35 Others: Cyber Security Market Size, By Region, 2014 - 2021 (USD Billion)
Table 36 Cyber Security Market Size, By Deployment Mode, 2014 - 2021 (USD Billion)
Table 37 Cloud: Cyber Security Market Size, By Region, 2014 - 2021 (USD Billion)
Table 38 On-Premises: Cyber Security Market Size, By Region, 2014 - 2021 (USD Billion)
Table 39 Cyber Security Market Size, By Organization Size, 2014 - 2021 (USD Billion)
Table 40 Small and Medium Enterprises: Cyber Security Market Size, By Region, 2014 - 2021 (USD Billion)
Table 41 Large Enterprises: Cyber Security Market Size, By Region, 2014 - 2021 (USD Billion)
Table 42 Cyber Security Market Size, By Vertical, 2014 - 2021 (USD Billion)
Table 43 Aerospace and Defense: Cyber Security Market Size, By Region, 2014 - 2021 (USD Billion)
Table 44 Government and Public Utilities: Cyber Security Market Size, By Region, 2014 - 2021 (USD Billion)
Table 45 Banking, Financial Services, and Insurance: Cyber Security Market Size, By Region, 2014 - 2021 (USD Billion)
Table 46 IT and Telecom: Cyber Security Market Size, By Region, 2014 - 2021 (USD Billion)
Table 47 Healthcare: Cyber Security Market Size, By Region, 2014 - 2021 (USD Billion)
Table 48 Retail: Cyber Security Market Size, By Region, 2014 - 2021 (USD Billion)
Table 49 Manufacturing: Cyber Security Market Size, By Region, 2014 - 2021 (USD Billion)
Table 50 Others: Cyber Security Market Size, By Region, 2014 - 2021 (USD Billion)
Table 51 Cyber Security Market Size, By Region, 2014 - 2021 (USD Billion)
Table 52 North America: Cyber Security Market Size, By Component, 2014 - 2021 (USD Billion)
Table 53 North America: Cyber Security Market Size, By Solution, 2014 - 2021 (USD Billion)
Table 54 North America: Cyber Security Market Size, By Service, 2014 - 2021 (USD Billion)
Table 55 North America: Cyber Security Market Size, By Professional Service, 2014 - 2021 (USD Billion)
Table 56 North America: Cyber Security Market Size, By Security Type, 2014 - 2021 (USD Billion)
Table 57 North America: Cyber Security Market Size, By Deployment Mode, 2014 - 2021 (USD Billion)
Table 58 North America: Cyber Security Market Size, By Organization Size, 2014 - 2021 (USD Billion)
Table 59 North America: Cyber Security Market Size, By Vertical, 2014 - 2021 (USD Billion)
Table 60 Europe: Cyber Security Market Size, By Component, 2014 - 2021 (USD Billion)
Table 61 Europe: Cyber Security Market Size, By Solution, 2014 - 2021 (USD Billion)
Table 62 Europe: Cyber Security Market Size, By Service, 2014 - 2021 (USD Billion)
Table 63 Europe: Cyber Security Market Size, By Professional Service, 2014 - 2021 (USD Billion)
Table 64 Europe: Cyber Security Market Size, By Security Type, 2014 - 2021 (USD Billion)
Table 65 Europe: Cyber Security Market Size, By Deployment Mode, 2014 - 2021 (USD Billion)
Table 66 Europe: Cyber Security Market Size, By Organization Size, 2014 - 2021 (USD Billion)
Table 67 Europe: Cyber Security Market Size, By Vertical, 2014 - 2021 (USD Billion)
Table 68 Asia-Pacific: Cyber Security Market Size, By Component, 2014 - 2021 (USD Billion)
Table 69 Asia-Pacific: Cyber Security Market Size, By Solution, 2014 - 2021 (USD Billion)
Table 70 Asia-Pacific: Cyber Security Market Size, By Service, 2014 - 2021 (USD Billion)
Table 71 Asia-Pacific: Cyber Security Market Size, By Professional Service, 2014 - 2021 (USD Billion)
Table 72 Asia-Pacific: Cyber Security Market Size, By Security Type, 2014 - 2021 (USD Billion)
Table 73 Asia-Pacific: Cyber Security Market Size, By Deployment Mode, 2014 - 2021 (USD Billion)
Table 74 Asia-Pacific: Cyber Security Market Size, By Organization Size, 2014 - 2021 (USD Billion)
Table 75 Asia-Pacific: Cyber Security Market Size, By Vertical, 2014 - 2021 (USD Billion)
Table 76 Middle East and Africa: Cyber Security Market Size, By Component, 2014 - 2021 (USD Billion)
Table 77 Middle East and Africa: Cyber Security Market Size, By Solution, 2014 - 2021 (USD Billion)
Table 78 Middle East and Africa: Cyber Security Market Size, By Service, 2014 - 2021 (USD Billion)
Table 79 Middle East and Africa: Cyber Security Market Size, By Professional Service, 2014 - 2021 (USD Billion)
Table 80 Middle East and Africa: Cyber Security Market Size, By Security Type, 2014 - 2021 (USD Billion)
Table 81 Middle East and Africa: Cyber Security Market Size, By Deployment Mode, 2014 - 2021 (USD Billion)
Table 82 Middle East and Africa: Cyber Security Market Size, By Organization Size, 2014 - 2021 (USD Billion)
Table 83 Middle East and Africa: Cyber Security Market Size, By Vertical, 2014 - 2021 (USD Billion)
Table 84 Latin America: Cyber Security Market Size, By Component, 2014 - 2021 (USD Billion)
Table 85 Latin America: Cyber Security Market Size, By Solution, 2014 - 2021 (USD Billion)
Table 86 Latin America: Cyber Security Market Size, By Service, 2014 - 2021 (USD Billion)
Table 87 Latin America: Cyber Security Market Size, By Professional Service, 2014 - 2021 (USD Billion)
Table 88 Latin America: Cyber Security Market Size, By Security Type, 2014 - 2021 (USD Billion)
Table 89 Latin America: Cyber Security Market Size, By Deployment Mode, 2014 - 2021 (USD Billion)
Table 90 Latin America: Cyber Security Market Size, By Organization Size, 2014 - 2021 (USD Billion)
Table 91 Latin America: Cyber Security Market Size, By Vertical, 2014 - 2021 (USD Billion)
Table 92 Agreements, Partnerships, and Collaborations, 2016
Table 93 Mergers and Acquisitions, 2015-2016
Table 94 New Product Launches, 2016
Table 95 Business Expansions, 2014-2015
Table 96 Other Developments: Partnerships, Agreements, and Collaborations, 2014-2016
Table 97 Other Developments: Mergers and Acquisitions, 2014-2015
Table 98 Other Developments: New Product Launches, 2014-2016

List of Figures

Figure 1 Global Cyber Security Market: Research Design
Figure 2 Breakdown of Primary Interviews: By Company, Designation, and Region
Figure 3 Market Size Estimation Methodology: Bottom-Up Approach
Figure 4 Market Size Estimation Methodology: Top-Down Approach
Figure 5 Data Triangulation
Figure 6 Services Segment is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 7 Encryption Solution is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 8 Managed Services Segment is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 9 Application Security Type is Expected to Grow at the Highest CAGR From 2016 to 2021
Figure 10 Banking, Financial Services and Insurance Vertical to Grow at the Highest CAGR From 2016 to 2021
Figure 11 North America Estimated to Hold the Largest Share of the Cyber Security Market in 2016
Figure 12 Rise in Security Breaches Targeting Enterprises is Expected to Boost the Cyber Security Market
Figure 13 Services Segment is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 14 Aerospace and Defense Vertical is Expected to Hold the Largest Share of the Cyber Security Market in 2016
Figure 15 Asia-Pacific Region has Immense Opportunities for the Growth of the Cyber Security Market, Followed By Middle East and Africa
Figure 16 Evolution of the Cyber Security Market
Figure 17 Cyber Security Market: By Solution
Figure 18 Cyber Security Market: By Service
Figure 19 Cyber Security Market: By Security Type
Figure 20 Cyber Security Market: By Deployment Mode
Figure 21 Cyber Security Market: By Organization Size
Figure 22 Cyber Security Market: By Vertical
Figure 23 Cyber Security Market: By Region
Figure 24 Cyber Security Market: Drivers, Restraints, Opportunities, and Challenges
Figure 25 Cyber Security Market: Value Chain
Figure 26 Strategic Benchmarking: Technology Integration and Product Enhancement
Figure 27 Services Segment to Grow at the Highest CAGR During the Forecast Period
Figure 28 Encryption Segment to Grow at the Highest CAGR During the Forecast Period
Figure 29 Managed Services Segment is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 30 Application Security Segment is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 31 Cloud-Based Deployment Mode is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 32 Small and Medium Enterprises Segment is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 33 Banking, Financial Services, and Insurance Vertical is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 34 Asia-Pacific is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 35 Regional Snapshot: Asia-Pacific is the Emerging Region in the Cyber Security Market
Figure 36 North America Market Snapshot
Figure 37 Asia-Pacific Market Snapshot
Figure 38 Top Companies Adopted Partnerships/Agreements/Collaborations as the Key Growth Strategy During the Period 2014-2016
Figure 39 Battle for Market Share: New Product Launches, Partnership, Agreement, and Collaboration are the Key Strategies of the Leading Market Players
Figure 40 Market Evaluation Framework: Significant Number of New Product Launch Have Fuelled the Growth of the Market From 2014-2016
Figure 41 Geographic Revenue Mix of Top Players
Figure 42 Intel Security: Company Snapshot
Figure 43 Intel Security: SWOT Analysis
Figure 44 Symantec Corporation: Company Snapshot
Figure 45 Symantec Corporation: SWOT Analysis
Figure 46 Hewlett-Packard Enterprise: Company Snapshot
Figure 47 Hewlett-Packard Enterprise: SWOT Analysis
Figure 48 International Business Machines Corporation: Company Snapshot
Figure 49 International Business Machines Corporation: SWOT Analysis
Figure 50 Cisco Systems, Inc.: Company Snapshot
Figure 51 Cisco Systems, Inc.: SWOT Analysis
Figure 52 Rapid7, Inc.: Company Snapshot
Figure 53 EMC RSA: Company Snapshot
Figure 54 Fireeye, Inc.: Company Snapshot
Figure 55 Trend Micro, Inc.: Company Snapshot
Figure 56 Sophos Ltd.: Company Snapshot

Note: Product cover images may vary from those shown
3 of 4

FEATURED COMPANIES

  • Cisco Systems, Inc.
  • EMC RSA
  • Fireeye, Inc.
  • Intel Security
  • Rapid7, Inc.
  • Sophos Ltd.
  • MORE

The cyber security market size is expected to grow from USD 122.45 Billion in 2016 to USD 202.36 Billion by 2021, at a Compound Annual Growth Rate (CAGR) of 10.6% during the forecast period. The major growth drivers of the market include the rise in security breaches targeting enterprises and need for stringent compliance and regulatory requirements.

The cyber security market is segmented by solution, service, security type, deployment mode, organization size, vertical, and region. The managed services segment is expected to grow at the highest CAGR during the forecast period; managed services in the services segment is projected to witness the highest demand due to the growing need of organizations to comply with different regulatory compliances across the globe.

Major security types in cyber security are network security, endpoint security, application security, cloud security, wireless security, and others. The application security is expected to grow at the highest CAGR during the forecast period because of the growing trends of Internet of Things (IoT), Bring Your Own Device (BYOD), and connected devices.

Network security holds the largest share of the cyber security market in 2016. The growth is fueled by the growing attacks on the critical network infrastructures of organizations. The BFSI vertical is expected to grow at the highest CAGR during the forecast period due to the increasing adoption of web and mobile-based business applications, which are susceptible to advanced cyber threats.

Organizations are rapidly deploying cyber security solutions either on-premises or on-cloud. The demand for cloud-based cyber security solutions is increasing due to cost-effective and time-efficient features of cloud; its growth is specifically high in enterprises, where low cost solutions are much required.

The global market has been segmented on the basis of regions into North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and Latin America to provide a region-specific analysis in the report. The North American region, followed by Europe, is expected to become the largest revenue generating region for cyber security vendors in 2016. This is mainly because in the developed economies of the U.S. and Canada, there is a high focus on innovations obtained from research and development and technology. The APAC region is expected to be the fastest growing region in the cyber security market. The growth in this region is primarily driven by the growing adoption of web and mobile based business applications.

The cyber security market faces challenges such as lack of awareness about advanced cyber threats. Factors such as high cost of innovation and budget constraints limit the market growth.

Major vendors that offer cyber security solutions across globe are Intel Security (U.S.), Symantec Corporation (U.S.), Hewlett Packard Enterprise (U.S.), IBM Corporation (U.S.), Cisco Systems, Inc. (U.S.), Rapid7, Inc. (U.S.), EMC RSA (U.S.), FireEye, Inc. (U.S.), Trend Micro, Inc. (Japan), and Sophos Ltd. (U.K.). These vendors have adopted different types of organic and inorganic growth strategies such as new product launches, partnerships & collaborations, and mergers & acquisitions to expand their offerings in the cyber security market.

Note: Product cover images may vary from those shown
4 of 4
  • Cisco Systems, Inc.
  • EMC RSA
  • Fireeye, Inc.
  • Hewlett-Packard Enterprise
  • Intel Security
  • International Business Machines Corporation
  • Rapid7, Inc.
  • Sophos Ltd.
  • Symantec Corporation
  • Trend Micro, Inc.
Note: Product cover images may vary from those shown
5 of 4
Note: Product cover images may vary from those shown
Adroll
adroll