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Cyber Security - Global Market Trajectory & Analytics

  • ID: 1824110
  • Report
  • July 2020
  • Region: Global
  • 651 Pages
  • Global Industry Analysts, Inc
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FEATURED COMPANIES

  • Booz Allen Hamilton (USA)
  • CSC (USA)
  • Forcepoint LLC. (USA)
  • Kaspersky Lab (Russia)
  • Panda Security (Spain)
  • Sophos PLC (UK)
  • MORE
Global Cyber Security Market to Reach $296.5 Billion by 2027

Amid the COVID-19 crisis, the global market for Cyber Security estimated at US$162.9 Billion in the year 2020, is projected to reach a revised size of US$296.5 Billion by 2027, growing at a CAGR of 8.9% over the analysis period 2020-2027. Endpoint Security, one of the segments analyzed in the report, is projected to record a 10.4% CAGR and reach US$100.2 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Network Security segment is readjusted to a revised 9% CAGR for the next 7-year period.

The U.S. Market is Estimated at $44 Billion, While China is Forecast to Grow at 13.4% CAGR

The Cyber Security market in the U.S. is estimated at US$44 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$70 Billion by the year 2027 trailing a CAGR of 13.6% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4.8% and 7.9% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 5.8% CAGR.

Cloud Security Segment to Record 8.3% CAGR

In the global Cloud Security segment, USA, Canada, Japan, China and Europe will drive the 7.7% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$24.3 Billion in the year 2020 will reach a projected size of US$40.9 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$41.4 Billion by the year 2027, while Latin America will expand at a 9.8% CAGR through the analysis period. We bring years of research experience to this 19th edition of our report. The 651-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.

Competitors identified in this market include, among others:
  • Avast Software
  • Booz Allen Hamilton
  • CA Technologies Inc.
  • Check Point Software Technologies Ltd.
  • Cisco Systems Inc.
  • Deloitte LLP
  • Forcepoint LLC.
  • F-Secure Corporation
  • IBM Corp.
  • Juniper Networks Inc.
  • Kaspersky Lab
  • Lockheed Martin Corporation
  • McAfee Inc.
  • Microsoft Corp.
  • Northrop Grumman Corp.
  • Panda Security
  • SafeNet Inc.
  • Sophos PLC
  • Symantec Corporation

The global analysis and forecast periods covered within the report are 2020-2027 (Current & Future Analysis) and 2012-2019 (Historic Review). Research estimates are provided for 2020, while research projections cover the period 2021-2027.
Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • Booz Allen Hamilton (USA)
  • CSC (USA)
  • Forcepoint LLC. (USA)
  • Kaspersky Lab (Russia)
  • Panda Security (Spain)
  • Sophos PLC (UK)
  • MORE

I. INTRODUCTION, METHODOLOGY & REPORT SCOPE

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

Internet & the Modern Digital Infrastructure

Recent Market Activity

Key Statistical Findings

Internet Opens Up a Range of Online Security Issues for Organizations, Brings Importance of ‘Cyber Security’ to the Forefront

Avoiding Unnecessary Costs - Key Rationale for Organizational Adoption of Cyber Security Solutions

Difficult Economic Environment Increases Cyber Crime Attacks - Magnifies the Business Case for Cyber Security

Outlook

Developed Markets Lead from the Front But Developing Markets Turn Hotspots for Growth

Competitive Landscape

Consolidation Wave in Cyber Security Market

Global Competitor Market Shares

Cyber Security Competitor Market Share Scenario Worldwide (in %): 2018 & 2029

Impact of Covid-19 and a Looming Global Recession

2. FOCUS ON SELECT PLAYERS

Avast Software (Czech Republic)

Booz Allen Hamilton (USA)

CA Technologies, Inc. (USA)

Check Point Software Technologies Ltd. (Israel)

Cisco Systems, Inc. (USA)

CSC (USA)

Deloitte LLP (USA)

Forcepoint LLC. (USA)

F-Secure Corporation (Finland)

IBM Corporation (USA)

Juniper Networks, Inc. (USA)

Kaspersky Lab (Russia)

Lockheed Martin Corporation (USA)

McAfee, Inc. (USA)

Microsoft Corporation (USA)

Northrop Grumman Corp. (USA)

Panda Security (Spain)

SafeNet, Inc (USA)

Sophos PLC (UK)

Symantec Corporation (USA)

Trend Micro Incorporated (USA)

Utimaco Safeware AG (Germany)

Wisekey SA (Switzerland)

3. MARKET TRENDS & DRIVERS

Major Trends & Growth Drivers

Rise in Volume & Magnitude of Cyber Crime to Drive Increased Adoption of Cyber Security Solutions & Services

Increasing Prevalence of Malware to Drive Robust Demand for Cyber Security Solutions & Services

Trojan: Fastest Growing Data-Stealing Malware

Hactivism on the Prowl - Creates Need for Efficient Cyber Security Solutions

APTs Emerge as a New Sophisticated Threat

Instances of Cyberterrorism to Strengthen Demand for Cyber Security Solutions & Services

Security Threats from Virtualization & Cloud Infrastructure Deployments to Drive Demand for Cyber Security Solutions in Government & Private Organizations

Inherent Security Challenges of Mobile Infrastructure Lends Traction to Cyber Security Market

Phenomenal Rise of Social Networking Sites Drives Usage Case for Cyber Security Solutions

IPv6 Boosts Adoption of Cyber Security Solutions and Services

Regulatory Compliance Requirements Continues to Drive Demand for Cyber Security

Government Sector - A Major Revenue Contributor

Priority for Cyber Threat Listed by Country

Growing Use of Cyber Security Solutions in Public Utilities for Securing Smart Grid Infrastructure

Cyber Security Seeks New Opportunities in Defense Applications

Private Organizations Lend Traction to Growth in Cyber Security Market

High Usage of Digital Platforms Makes Private Establishments Highly Vulnerable to Cyber Security Threats

Cyber Security Turns into a Top Investment Priority for Businesses

Cyber Security - A Critical Necessity in Banking and Finance Sector

Major External & Internal Breaches in Financial Services Sector

Top Security Initiatives by Industry Segment

Mobile Banking Keeps Cyber Security Busy

Broker Dealers & Investment Advisers in Securities Market too Embrace Cyber Security Solutions

Regulatory Compliance: A High Priority for Financial Institutions

Advanced Solutions Gain Traction in Financial Services Sector

Key Barriers in Cyber Security for Financial Services Sector

Telecommunication and IT

DOS Attacks Threaten Mobile Network Security - Drive Demand for Cyber Security Solutions in Telecom Industry

Overbilling Attack: A Business Case for Cyber Security Solutions in Telecom Industry

VPN to Make Telecommunication Networks More Safer

Opportunities for Wireless Network Security in Telecom Industry

Production Systems Also Seek Cyber Security

Growing Demand in Healthcare Sector

Small and Mid-Sized Businesses - A Lucrative Market Segment

Key Issues

Major Restraints to Effective Cyber Security in Enterprises

Inadequate Budget - The Key Constraint

Lack of Comprehensive Security Solutions

Lack of Alignment between Business Objectives and Security

External Threats More Recognized than Internal Threats

Most Organizations Continue to Remain Reactive Rather than Proactive

Availability of ‘Freemium’ and Free Products Niggles the Market

Growing Sophistication & Complexity of Security Threats - A Challenge to Reckon With for Cyber Security Solution Providers

Advanced Security Solutions - The Need of the Hour

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

GEOGRAPHIC MARKET ANALYSIS

UNITED STATES

Market Facts & Figures

US Cyber Security Market Share (in %) by Company: 2018 & 2025

Market Analytics

CANADA

JAPAN

CHINA

EUROPE

Market Facts & Figures

European Cyber Security Market: Competitor Market Share Scenario (in %) for 2018 & 2025

Market Analytics

FRANCE

GERMANY

ITALY

UNITED KINGDOM

SPAIN

RUSSIA

REST OF EUROPE

ASIA-PACIFIC

AUSTRALIA

INDIA

SOUTH KOREA

REST OF ASIA-PACIFIC

LATIN AMERICA

ARGENTINA

BRAZIL

MEXICO

REST OF LATIN AMERICA

MIDDLE EAST

IRAN

ISRAEL

SAUDI ARABIA

UNITED ARAB EMIRATES

REST OF MIDDLE EAST

AFRICA

IV. COMPETITION

Total Companies Profiled: 213

Note: Product cover images may vary from those shown
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  • Avast Software (Czech Republic)
  • Booz Allen Hamilton (USA)
  • CA Technologies, Inc. (USA)
  • Check Point Software Technologies Ltd. (Israel)
  • Cisco Systems, Inc. (USA)
  • CSC (USA)
  • Deloitte LLP (USA)
  • Forcepoint LLC. (USA)
  • F-Secure Corporation (Finland)
  • IBM Corporation (USA)
  • Juniper Networks, Inc. (USA)
  • Kaspersky Lab (Russia)
  • Lockheed Martin Corporation (USA)
  • McAfee, Inc. (USA)
  • Microsoft Corporation (USA)
  • Northrop Grumman Corp. (USA)
  • Panda Security (Spain)
  • SafeNet, Inc (USA)
  • Sophos PLC (UK)
  • Symantec Corporation (USA)
  • Trend Micro Incorporated (USA)
  • Utimaco Safeware AG (Germany)
  • Wisekey SA (Switzerland)
Note: Product cover images may vary from those shown
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