FEATURED COMPANIES
- CA Technologies, Inc.
- Forcepoint
- F-Secure Corp.
- Hewlett-Packard Company
- Juniper Networks, Inc.
- Optiv Security Inc.
Global Information Security Services Market to Reach $117.4 Billion by 2027
Amid the COVID-19 crisis, the global market for Information Security Services estimated at US$67 Billion in the year 2020, is projected to reach a revised size of US$117.4 Billion by 2027, growing at a CAGR of 8.3% over the analysis period 2020-2027. Implementation Services, one of the segments analyzed in the report, is projected to record a 9.4% CAGR and reach US$51.3 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 Managed Security Services segment is readjusted to a revised 8.4% CAGR for the next 7-year period.
The U.S. Market is Estimated at $18.1 Billion, While China is Forecast to Grow at 12.8% CAGR
The Information Security Services market in the U.S. is estimated at US$18.1 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$27.2 Billion by the year 2027 trailing a CAGR of 12.8% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4.4% and 7.5% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 5.4% CAGR.
Consulting Services Segment to Record 5.9% CAGR
In the global Consulting Services segment, USA, Canada, Japan, China and Europe will drive the 5.4% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$7.4 Billion in the year 2020 will reach a projected size of US$10.7 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$16.3 Billion by the year 2027, while Latin America will expand at a 7.1% CAGR through the analysis period.
Select Competitors (Total 232 Featured):
Amid the COVID-19 crisis, the global market for Information Security Services estimated at US$67 Billion in the year 2020, is projected to reach a revised size of US$117.4 Billion by 2027, growing at a CAGR of 8.3% over the analysis period 2020-2027. Implementation Services, one of the segments analyzed in the report, is projected to record a 9.4% CAGR and reach US$51.3 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 Managed Security Services segment is readjusted to a revised 8.4% CAGR for the next 7-year period.
The U.S. Market is Estimated at $18.1 Billion, While China is Forecast to Grow at 12.8% CAGR
The Information Security Services market in the U.S. is estimated at US$18.1 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$27.2 Billion by the year 2027 trailing a CAGR of 12.8% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4.4% and 7.5% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 5.4% CAGR.
Consulting Services Segment to Record 5.9% CAGR
In the global Consulting Services segment, USA, Canada, Japan, China and Europe will drive the 5.4% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$7.4 Billion in the year 2020 will reach a projected size of US$10.7 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$16.3 Billion by the year 2027, while Latin America will expand at a 7.1% CAGR through the analysis period.
Select Competitors (Total 232 Featured):
- CA Technologies, Inc.
- Check Point Software Technologies Ltd.
- Cisco Systems Inc.
- Deloitte Touche Tohmatsu Ltd.
- Forcepoint
- Fortinet, Inc.
- F-Secure Corp.
- Fujitsu Limited
- Hewlett-Packard Company
- IBM Corp.
- Juniper Networks, Inc.
- McAfee, Inc.
- Optiv Security Inc.
- Proofpoint, Inc.
- SonicWALL, Inc.
- Sophos Ltd.
- Symantec Corp.
- Thales Group
- Trianz
Note: Product cover images may vary from those shown
FEATURED COMPANIES
- CA Technologies, Inc.
- Forcepoint
- F-Secure Corp.
- Hewlett-Packard Company
- Juniper Networks, Inc.
- Optiv Security Inc.
I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
III. MARKET ANALYSIS
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
- Influencer Market Insights
- World Market Trajectories
- Impact of Covid-19 and a Looming Global Recession
- Corporate Information Assets: Vulnerable as Ever
- Recent Market Activity
- Growing Instances of IT Security Breaches: A Serious Cause for Concern
- A Look at Common Security Threats for Enterprise Information Assets
- Damages Caused by Security Breaches
- Proprietary Information Destruction
- Disruption in Systems Performance
- Data/Application Damage or Corruption
- Types of Internal IT Security Breaches in Organizations - Ranked in the Order of Frequency of Occurrence
- Types of External Security Breaches in Organizations - Ranked in the Order of Frequency of Occurrence
- Top IT Security Breaches in 2020
- Information Security: High on Priority List for Enterprises
- Factors Affecting Implementation of Information Security Solutions by Enterprises Worldwide - Ranked in Order of Influence
- Increased Use of Internet Drives Focus on Cyber Security
- Key Statistical Findings
- Top Priority Malicious Elements Threatening Cyber Security in Enterprises: On a Scale 1 - 10 (10 - High Priority; 1 - Low Priority)
- Key Focus Areas for Enterprises in Implementation of Cyber Security in their Premises: Ranked in Order of Relative Importance
- Key Focus Areas for Information Security in Enterprises
- Network Security - Keeping Security Threats at Bay
- Enterprise Endpoint Security Gains Prominence
- Content Security - Fast Gaining Prominence
- Server Security Concerns Brings Focus on Server Security Solutions
- Periods of Economic Slowdown Increases Information Security Risks - Magnifies the Business Case for Efficient Security Solutions
- Impact of Economic Recession on Global Enterprises
- Market Outlook
- Developing Regions to Lend Traction to Information Security Services Market
- CA Technologies, Inc. (USA)
- Check Point Software Technologies Ltd. (Israel)
- Cisco Systems Inc. (USA)
- Deloitte Touche Tohmatsu Limited (UK)
- Forcepoint (USA)
- Fortinet, Inc. (USA)
- F-Secure Corporation (Finland)
- Fujitsu Limited (Japan)
- Hewlett-Packard Company (USA)
- IBM Corporation (USA)
- Juniper Networks, Inc. (USA)
- McAfee, Inc. (USA)
- Optiv Security Inc. (USA)
- Proofpoint, Inc. (USA)
- SonicWALL, Inc. (USA)
- Sophos Ltd. (UK)
- Symantec Corporation (USA)
- Thales Group (France)
- Trianz (USA)
- Rise in Magnitude of Cyber-Crime to Drive Adoption of Information Security Products & Services
- Types of External IT Security Breaches in Organizations - Ranked in the Order of Frequency of Occurrence
- Types of Internal IT Security Breaches in Organizations - Ranked in the Order of Frequency of Occurrence
- Increasing Prevalence of Malware to Drive Demand for Information Security Products & Services
- APTs Emerge as a New Sophisticated Threat - Create Business Case for Information Security Services
- Emergence of Fake QR Codes and TecTiles Drive Demand for Security Solutions & Services
- Growing Use of Advanced Digital Platforms Make Enterprises Highly Vulnerable to Security Threats
- Security Threats from Virtualization & Cloud Infrastructure Deployments to Drive Demand for Information Security Solutions
- Growing Use of Internet Enabled Mobile Handsets Lends Traction to Information Security Market
- Threat from Social Networking Sites Drives Demand for Information Security Solutions & Services
- IPv4 to IPv6 Transition to Boost Adoption of Information Security Solutions and Services
- Regulatory Compliance Requirements Continue to Drive Demand for Information Security Solutions
- Governments and Regulatory Authorities Continue to Implement Strict Privacy Regulations
- Avoiding Unnecessary Costs - Key Rationale for Adoption of IT Security Solutions
- Growing Commoditization of Security Products Brings Down Prices - Boosts Order Influx Rates
- Small and Mid-Sized Businesses - A Lucrative Market Segment
III. MARKET ANALYSIS
- UNITED STATES
- CANADA
- JAPAN
- CHINA
- EUROPE
- 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
- Total Companies Profiled: 232
Note: Product cover images may vary from those shown
- CA Technologies, Inc.
- Check Point Software Technologies Ltd.
- Cisco Systems Inc.
- Deloitte Touche Tohmatsu Ltd.
- Forcepoint
- Fortinet, Inc.
- F-Secure Corp.
- Fujitsu Limited
- Hewlett-Packard Company
- IBM Corp.
- Juniper Networks, Inc.
- McAfee, Inc.
- Optiv Security Inc.
- Proofpoint, Inc.
- SonicWALL, Inc.
- Sophos Ltd.
- Symantec Corp.
- Thales Group
- Trianz
Note: Product cover images may vary from those shown
