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 grow at a 9.4% CAGR to 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. This segment currently accounts for a 32.8% share of the global Information Security Services market.
The U. S. Accounts for Over 27% of Global Market Size in 2020, While China is Forecast to Grow at a 12.8% CAGR for the Period of 2020-2027
The Information Security Services market in the U. S. is estimated at US$18.1 Billion in the year 2020. The country currently accounts for a 26.99% share in the global market. China, the world second largest economy, is forecast to reach an estimated market size of US$27.2 Billion in the year 2027 trailing a CAGR of 12.8% through 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 while Rest of European market (as defined in the study) will reach US$27.2 Billion by the year 2027.
Consulting Services Segment Corners a 14.6% Share in 2020
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. The publisher brings years of research experience to this 18th edition of our report. The 379-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
- 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
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.
I. INTRODUCTION, METHODOLOGY & REPORT SCOPE
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
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 between 2013 & Early 2014
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
Global Competitor Market Shares
Information Security Services Competitor Market Share Scenario Worldwide (in %): 2018 & 2029
Impact of Covid-19 and a Looming Global Recession
2. FOCUS ON SELECT PLAYERS
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)
3. MARKET TRENDS & DRIVERS
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
IP4 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
4. GLOBAL MARKET PERSPECTIVE
TABLE 1: Information Security Services Global Market Estimates and Forecasts in US$ Million by Region/Country: 2020-2027
TABLE 2: Information Security Services Global Retrospective Market Scenario in US$ Million by Region/Country: 2012-2019
TABLE 3: Information Security Services Market Share Shift across Key Geographies Worldwide: 2012 VS 2020 VS 2027
TABLE 4: Implementation Services (Service Type) World Market by Region/Country in US$ Million: 2020 to 2027
TABLE 5: Implementation Services (Service Type) Historic Market Analysis by Region/Country in US$ Million: 2012 to 2019
TABLE 6: Implementation Services (Service Type) Market Share Breakdown of Worldwide Sales by Region/Country: 2012 VS 2020 VS 2027
TABLE 7: Managed Security Services (Service Type) Potential Growth Markets Worldwide in US$ Million: 2020 to 2027
TABLE 8: Managed Security Services (Service Type) Historic Market Perspective by Region/Country in US$ Million: 2012 to 2019
TABLE 9: Managed Security Services (Service Type) Market Sales Breakdown by Region/Country in Percentage: 2012 VS 2020 VS 2027
TABLE 10: Consulting Services (Service Type) Geographic Market Spread Worldwide in US$ Million: 2020 to 2027
TABLE 11: Consulting Services (Service Type) Region Wise Breakdown of Global Historic Demand in US$ Million: 2012 to 2019
TABLE 12: Consulting Services (Service Type) Market Share Distribution in Percentage by Region/Country: 2012 VS 2020 VS 2027
TABLE 13: Education & Training (Service Type) World Market Estimates and Forecasts by Region/Country in US$ Million: 2020 to 2027
TABLE 14: Education & Training (Service Type) Market Historic Review by Region/Country in US$ Million: 2012 to 2019
TABLE 15: Education & Training (Service Type) Market Share Breakdown by Region/Country: 2012 VS 2020 VS 2027
TABLE 16: Response Services (Service Type) World Market by Region/Country in US$ Million: 2020 to 2027
TABLE 17: Response Services (Service Type) Historic Market Analysis by Region/Country in US$ Million: 2012 to 2019
TABLE 18: Response Services (Service Type) Market Share Distribution in Percentage by Region/Country: 2012 VS 2020 VS 2027
III. MARKET ANALYSIS
GEOGRAPHIC MARKET ANALYSIS
UNITED STATES
Market Facts & Figures
US Information Security Services Market Share (in %) by Company: 2018 & 2025
Market Analytics
TABLE 19: United States Information Security Services Market Estimates and Projections in US$ Million by Service Type: 2020 to 2027
TABLE 20: Information Security Services Market in the United States by Service Type: A Historic Review in US$ Million for 2012-2019
TABLE 21: United States Information Security Services Market Share Breakdown by Service Type: 2012 VS 2020 VS 2027
CANADA
TABLE 22: Canadian Information Security Services Market Estimates and Forecasts in US$ Million by Service Type: 2020 to 2027
TABLE 23: Canadian Information Security Services Historic Market Review by Service Type in US$ Million: 2012-2019
TABLE 24: Information Security Services Market in Canada: Percentage Share Breakdown of Sales by Service Type for 2012, 2020, and 2027
JAPAN
TABLE 25: Japanese Market for Information Security Services: Annual Sales Estimates and Projections in US$ Million by Service Type for the Period 2020-2027
TABLE 26: Information Security Services Market in Japan: Historic Sales Analysis in US$ Million by Service Type for the Period 2012-2019
TABLE 27: Japanese Information Security Services Market Share Analysis by Service Type: 2012 VS 2020 VS 2027
CHINA
TABLE 28: Chinese Information Security Services Market Growth Prospects in US$ Million by Service Type for the Period 2020-2027
TABLE 29: Information Security Services Historic Market Analysis in China in US$ Million by Service Type: 2012-2019
TABLE 30: Chinese Information Security Services Market by Service Type: Percentage Breakdown of Sales for 2012, 2020, and 2027
EUROPE
Market Facts & Figures
European Information Security Services Market: Competitor Market Share Scenario (in %) for 2018 & 2025
Market Analytics
TABLE 31: European Information Security Services Market Demand Scenario in US$ Million by Region/Country: 2020-2027
TABLE 32: Information Security Services Market in Europe: A Historic Market Perspective in US$ Million by Region/Country for the Period 2012-2019
TABLE 33: European Information Security Services Market Share Shift by Region/Country: 2012 VS 2020 VS 2027
TABLE 34: European Information Security Services Market Estimates and Forecasts in US$ Million by Service Type: 2020-2027
TABLE 35: Information Security Services Market in Europe in US$ Million by Service Type: A Historic Review for the Period 2012-2019
TABLE 36: European Information Security Services Market Share Breakdown by Service Type: 2012 VS 2020 VS 2027
FRANCE
TABLE 37: Information Security Services Market in France by Service Type: Estimates and Projections in US$ Million for the Period 2020-2027
TABLE 38: French Information Security Services Historic Market Scenario in US$ Million by Service Type: 2012-2019
TABLE 39: French Information Security Services Market Share Analysis by Service Type: 2012 VS 2020 VS 2027
GERMANY
TABLE 40: Information Security Services Market in Germany: Recent Past, Current and Future Analysis in US$ Million by Service Type for the Period 2020-2027
TABLE 41: German Information Security Services Historic Market Analysis in US$ Million by Service Type: 2012-2019
TABLE 42: German Information Security Services Market Share Breakdown by Service Type: 2012 VS 2020 VS 2027
ITALY
TABLE 43: Italian Information Security Services Market Growth Prospects in US$ Million by Service Type for the Period 2020-2027
TABLE 44: Information Security Services Historic Market Analysis in Italy in US$ Million by Service Type: 2012-2019
TABLE 45: Italian Information Security Services Market by Service Type: Percentage Breakdown of Sales for 2012, 2020, and 2027
UNITED KINGDOM
TABLE 46: United Kingdom Market for Information Security Services: Annual Sales Estimates and Projections in US$ Million by Service Type for the Period 2020-2027
TABLE 47: Information Security Services Market in the United Kingdom: Historic Sales Analysis in US$ Million by Service Type for the Period 2012-2019
TABLE 48: United Kingdom Information Security Services Market Share Analysis by Service Type: 2012 VS 2020 VS 2027
SPAIN
TABLE 49: Spanish Information Security Services Market Estimates and Forecasts in US$ Million by Service Type: 2020 to 2027
TABLE 50: Spanish Information Security Services Historic Market Review by Service Type in US$ Million: 2012-2019
TABLE 51: Information Security Services Market in Spain: Percentage Share Breakdown of Sales by Service Type for 2012, 2020, and 2027
RUSSIA
TABLE 52: Russian Information Security Services Market Estimates and Projections in US$ Million by Service Type: 2020 to 2027
TABLE 53: Information Security Services Market in Russia by Service Type: A Historic Review in US$ Million for 2012-2019
TABLE 54: Russian Information Security Services Market Share Breakdown by Service Type: 2012 VS 2020 VS 2027
REST OF EUROPE
TABLE 55: Rest of Europe Information Security Services Market Estimates and Forecasts in US$ Million by Service Type: 2020-2027
TABLE 56: Information Security Services Market in Rest of Europe in US$ Million by Service Type: A Historic Review for the Period 2012-2019
TABLE 57: Rest of Europe Information Security Services Market Share Breakdown by Service Type: 2012 VS 2020 VS 2027
ASIA-PACIFIC
TABLE 58: Asia-Pacific Information Security Services Market Estimates and Forecasts in US$ Million by Region/Country: 2020-2027
TABLE 59: Information Security Services Market in Asia-Pacific: Historic Market Analysis in US$ Million by Region/Country for the Period 2012-2019
TABLE 60: Asia-Pacific Information Security Services Market Share Analysis by Region/Country: 2012 VS 2020 VS 2027
TABLE 61: Information Security Services Market in Asia-Pacific by Service Type: Estimates and Projections in US$ Million for the Period 2020-2027
TABLE 62: Asia-Pacific Information Security Services Historic Market Scenario in US$ Million by Service Type: 2012-2019
TABLE 63: Asia-Pacific Information Security Services Market Share Analysis by Service Type: 2012 VS 2020 VS 2027
AUSTRALIA
TABLE 64: Information Security Services Market in Australia: Recent Past, Current and Future Analysis in US$ Million by Service Type for the Period 2020-2027
TABLE 65: Australian Information Security Services Historic Market Analysis in US$ Million by Service Type: 2012-2019
TABLE 66: Australian Information Security Services Market Share Breakdown by Service Type: 2012 VS 2020 VS 2027
INDIA
TABLE 67: Indian Information Security Services Market Estimates and Forecasts in US$ Million by Service Type: 2020 to 2027
TABLE 68: Indian Information Security Services Historic Market Review by Service Type in US$ Million: 2012-2019
TABLE 69: Information Security Services Market in India: Percentage Share Breakdown of Sales by Service Type for 2012, 2020, and 2027
SOUTH KOREA
TABLE 70: Information Security Services Market in South Korea: Recent Past, Current and Future Analysis in US$ Million by Service Type for the Period 2020-2027
TABLE 71: South Korean Information Security Services Historic Market Analysis in US$ Million by Service Type: 2012-2019
TABLE 72: Information Security Services Market Share Distribution in South Korea by Service Type: 2012 VS 2020 VS 2027
REST OF ASIA-PACIFIC
TABLE 73: Rest of Asia-Pacific Market for Information Security Services: Annual Sales Estimates and Projections in US$ Million by Service Type for the Period 2020-2027
TABLE 74: Information Security Services Market in Rest of Asia-Pacific: Historic Sales Analysis in US$ Million by Service Type for the Period 2012-2019
TABLE 75: Rest of Asia-Pacific Information Security Services Market Share Analysis by Service Type: 2012 VS 2020 VS 2027
LATIN AMERICA
TABLE 76: Latin American Information Security Services Market Trends by Region/Country in US$ Million: 2020-2027
TABLE 77: Information Security Services Market in Latin America in US$ Million by Region/Country: A Historic Perspective for the Period 2012-2019
TABLE 78: Latin American Information Security Services Market Percentage Breakdown of Sales by Region/Country: 2012, 2020, and 2027
TABLE 79: Latin American Information Security Services Market Growth Prospects in US$ Million by Service Type for the Period 2020-2027
TABLE 80: Information Security Services Historic Market Analysis in Latin America in US$ Million by Service Type: 2012-2019
TABLE 81: Latin American Information Security Services Market by Service Type: Percentage Breakdown of Sales for 2012, 2020, and 2027
ARGENTINA
TABLE 82: Argentinean Information Security Services Market Estimates and Forecasts in US$ Million by Service Type: 2020-2027
TABLE 83: Information Security Services Market in Argentina in US$ Million by Service Type: A Historic Review for the Period 2012-2019
TABLE 84: Argentinean Information Security Services Market Share Breakdown by Service Type: 2012 VS 2020 VS 2027
BRAZIL
TABLE 85: Information Security Services Market in Brazil by Service Type: Estimates and Projections in US$ Million for the Period 2020-2027
TABLE 86: Brazilian Information Security Services Historic Market Scenario in US$ Million by Service Type: 2012-2019
TABLE 87: Brazilian Information Security Services Market Share Analysis by Service Type: 2012 VS 2020 VS 2027
MEXICO
TABLE 88: Information Security Services Market in Mexico: Recent Past, Current and Future Analysis in US$ Million by Service Type for the Period 2020-2027
TABLE 89: Mexican Information Security Services Historic Market Analysis in US$ Million by Service Type: 2012-2019
TABLE 90: Mexican Information Security Services Market Share Breakdown by Service Type: 2012 VS 2020 VS 2027
REST OF LATIN AMERICA
TABLE 91: Rest of Latin America Information Security Services Market Estimates and Projections in US$ Million by Service Type: 2020 to 2027
TABLE 92: Information Security Services Market in Rest of Latin America by Service Type: A Historic Review in US$ Million for 2012-2019
TABLE 93: Rest of Latin America Information Security Services Market Share Breakdown by Service Type: 2012 VS 2020 VS 2027
MIDDLE EAST
TABLE 94: The Middle East Information Security Services Market Estimates and Forecasts in US$ Million by Region/Country: 2020-2027
TABLE 95: Information Security Services Market in the Middle East by Region/Country in US$ Million: 2012-2019
TABLE 96: The Middle East Information Security Services Market Share Breakdown by Region/Country: 2012, 2020, and 2027
TABLE 97: The Middle East Information Security Services Market Estimates and Forecasts in US$ Million by Service Type: 2020 to 2027
TABLE 98: The Middle East Information Security Services Historic Market by Service Type in US$ Million: 2012-2019
TABLE 99: Information Security Services Market in the Middle East: Percentage Share Breakdown of Sales by Service Type for 2012,2020, and 2027
IRAN
TABLE 100: Iranian Market for Information Security Services: Annual Sales Estimates and Projections in US$ Million by Service Type for the Period 2020-2027
TABLE 101: Information Security Services Market in Iran: Historic Sales Analysis in US$ Million by Service Type for the Period 2012-2019
TABLE 102: Iranian Information Security Services Market Share Analysis by Service Type: 2012 VS 2020 VS 2027
ISRAEL
TABLE 103: Israeli Information Security Services Market Estimates and Forecasts in US$ Million by Service Type: 2020-2027
TABLE 104: Information Security Services Market in Israel in US$ Million by Service Type: A Historic Review for the Period 2012-2019
TABLE 105: Israeli Information Security Services Market Share Breakdown by Service Type: 2012 VS 2020 VS 2027
SAUDI ARABIA
TABLE 106: Saudi Arabian Information Security Services Market Growth Prospects in US$ Million by Service Type for the Period 2020-2027
TABLE 107: Information Security Services Historic Market Analysis in Saudi Arabia in US$ Million by Service Type: 2012-2019
TABLE 108: Saudi Arabian Information Security Services Market by Service Type: Percentage Breakdown of Sales for 2012, 2020, and 2027
UNITED ARAB EMIRATES
TABLE 109: Information Security Services Market in the United Arab Emirates: Recent Past, Current and Future Analysis in US$ Million by Service Type for the Period 2020-2027
TABLE 110: United Arab Emirates Information Security Services Historic Market Analysis in US$ Million by Service Type: 2012-2019
TABLE 111: Information Security Services Market Share Distribution in United Arab Emirates by Service Type: 2012 VS 2020 VS 2027
REST OF MIDDLE EAST
TABLE 112: Information Security Services Market in Rest of Middle East: Recent Past, Current and Future Analysis in US$ Million by Service Type for the Period 2020-2027
TABLE 113: Rest of Middle East Information Security Services Historic Market Analysis in US$ Million by Service Type: 2012-2019
TABLE 114: Rest of Middle East Information Security Services Market Share Breakdown by Service Type: 2012 VS 2020 VS 2027
AFRICA
TABLE 115: African Information Security Services Market Estimates and Projections in US$ Million by Service Type: 2020 to 2027
TABLE 116: Information Security Services Market in Africa by Service Type: A Historic Review in US$ Million for 2012-2019
TABLE 117: African Information Security Services Market Share Breakdown by Service Type: 2012 VS 2020 VS 2027
IV. COMPETITION
Total Companies Profiled: 232
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