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