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Cyber Security: Global Strategic Business Report

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    Report

  • 327 Pages
  • March 2024
  • Region: Global
  • Global Industry Analysts, Inc
  • ID: 1824110

Global Cyber Security Market to Reach $538.3 Billion by 2030

The global market for Cyber Security estimated at US$296.1 Billion in the year 2022, is projected to reach a revised size of US$538.3 Billion by 2030, growing at a CAGR of 7.8% over the analysis period 2022-2030. Endpoint Security, one of the segments analyzed in the report, is projected to record 9.1% CAGR and reach US$181 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Network Security segment is readjusted to a revised 7.8% CAGR for the next 8-year period.

The U.S. Market is Estimated at $80.7 Billion, While China is Forecast to Grow at 13.9% CAGR

The Cyber Security market in the U.S. is estimated at US$80.7 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$140.7 Billion by the year 2030 trailing a CAGR of 13.9% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.1% and 6.3% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 3.4% CAGR.

Select Competitors (Total 309 Featured) -

  • 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

What's New?

  • Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
  • Global competitiveness and key competitor percentage market shares
  • Market presence across multiple geographies - Strong/Active/Niche/Trivial
  • Online interactive peer-to-peer collaborative bespoke updates
  • Access to digital archives and Research Platform
  • Complimentary updates for one year

Table of Contents

I. METHODOLOGYII. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
  • Influencer Market Insights
  • World Market Trajectories
  • 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
  • Cyber Security - Global Key Competitors Percentage Market Share in 2022 (E)
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
  • 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
  • Table 1: World Recent Past, Current & Future Analysis for Cyber Security by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 2: World Historic Review for Cyber Security by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • Table 3: World 16-Year Perspective for Cyber Security by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets for Years 2014, 2023 & 2030
  • Table 4: World Recent Past, Current & Future Analysis for Endpoint Security by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 5: World Historic Review for Endpoint Security by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • Table 6: World 16-Year Perspective for Endpoint Security by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • Table 7: World Recent Past, Current & Future Analysis for Network Security by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 8: World Historic Review for Network Security by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • Table 9: World 16-Year Perspective for Network Security by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • Table 10: World Recent Past, Current & Future Analysis for Cloud Security by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 11: World Historic Review for Cloud Security by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • Table 12: World 16-Year Perspective for Cloud Security by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • Table 13: World Recent Past, Current & Future Analysis for Application Security by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 14: World Historic Review for Application Security by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • Table 15: World 16-Year Perspective for Application Security by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • Table 16: World Recent Past, Current & Future Analysis for Other Segments by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 17: World Historic Review for Other Segments by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • Table 18: World 16-Year Perspective for Other Segments by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • Table 19: World Recent Past, Current & Future Analysis for On-Premise by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 20: World Historic Review for On-Premise by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • Table 21: World 16-Year Perspective for On-Premise by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • Table 22: World Recent Past, Current & Future Analysis for Cloud by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 23: World Historic Review for Cloud by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • Table 24: World 16-Year Perspective for Cloud by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • Table 25: World Recent Past, Current & Future Analysis for Large Enterprises by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 26: World Historic Review for Large Enterprises by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • Table 27: World 16-Year Perspective for Large Enterprises by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • Table 28: World Recent Past, Current & Future Analysis for SMEs by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 29: World Historic Review for SMEs by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • Table 30: World 16-Year Perspective for SMEs by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • Table 31: World Recent Past, Current & Future Analysis for Government & Defense by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 32: World Historic Review for Government & Defense by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • Table 33: World 16-Year Perspective for Government & Defense by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • Table 34: World Recent Past, Current & Future Analysis for BFSI by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 35: World Historic Review for BFSI by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • Table 36: World 16-Year Perspective for BFSI by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • Table 37: World Recent Past, Current & Future Analysis for Healthcare by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 38: World Historic Review for Healthcare by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • Table 39: World 16-Year Perspective for Healthcare by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • Table 40: World Recent Past, Current & Future Analysis for Manufacturing by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 41: World Historic Review for Manufacturing by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • Table 42: World 16-Year Perspective for Manufacturing by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • Table 43: World Recent Past, Current & Future Analysis for IT & Telecom by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 44: World Historic Review for IT & Telecom by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • Table 45: World 16-Year Perspective for IT & Telecom by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • Table 46: World Recent Past, Current & Future Analysis for Other Verticals by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 47: World Historic Review for Other Verticals by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • Table 48: World 16-Year Perspective for Other Verticals by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • Table 49: World Cyber Security Market Analysis of Annual Sales in US$ Million for Years 2014 through 2030
III. MARKET ANALYSIS
UNITED STATES
  • Cyber Security Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2023 (E)
CANADA
JAPAN
  • Cyber Security Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2023 (E)
CHINA
  • Cyber Security Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2023 (E)
EUROPE
  • Cyber Security Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2023 (E)
FRANCE
  • Cyber Security Market Presence - Strong/Active/Niche/Trivial - Key Competitors in France for 2023 (E)
GERMANY
  • Cyber Security Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Germany for 2023 (E)
ITALY
UNITED KINGDOM
  • Cyber Security Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United Kingdom for 2023 (E)
SPAINRUSSIAREST OF EUROPE
ASIA-PACIFIC
  • Cyber Security Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2023 (E)
AUSTRALIA
  • Cyber Security Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Australia for 2023 (E)
INDIA
  • Cyber Security Market Presence - Strong/Active/Niche/Trivial - Key Competitors in India for 2023 (E)
SOUTH KOREAREST OF ASIA-PACIFIC
LATIN AMERICA
  • Cyber Security Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Latin America for 2023 (E)
ARGENTINABRAZILMEXICOREST OF LATIN AMERICA
MIDDLE EAST
  • Cyber Security Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Middle East for 2023 (E)
IRANISRAELSAUDI ARABIAUNITED ARAB EMIRATESREST OF MIDDLE EAST
AFRICA
  • Cyber Security Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Africa for 2023 (E)
IV. COMPETITION

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • 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

Table Information