The market has been estimated at USD 88.25 billion in 2016 and is projected to reach USD 236.13 billion by 2023, at a CAGR of 17.67% from 2017 to 2023.
Most of the critical infrastructure components are completely dependent on IT systems to perform their missions. The IT sector provides the foundation for information exchange for all the other sectors, including voice, data, video, and internet connectivity. Cyber infrastructure protection & security is one of the impending matters in the recent international security environment. IT systems are part of other key security and emergency preparedness resources and are important components of the overall national critical infrastructure.
As the technological advancements are exponentially rising in the IT industry, there are also new security challenges to be addressed in this field. After Edward Snowden had exposed the snooping activities of global communication channels, most of the nations are jolted over the security situation and raised concerns over the United States’ act of massive surveillance. Information warfare, which is the competitive use of information in survival contests, has been a pervasive feature of conflicts since the beginning of recorded history. The intervention of Internet of Things (IoT) across an array of applications in various industry verticals has created a dire need for robust cyber security measures around the globe.
Global Cyber Security Market Share: By Industry
The advent of digital technologies for the collection, storage, analysis and distribution of information has created a world of insecurity, which resulted in new opportunities in the global cyber security market. As per recent white paper reports, data breaches significantly impact consumer confidence. In the case of one major breach, most of the cloud-based companies saw a 46% drop in profit, the quarter after the breach occurred. Cyber threat has become a major challenge for startups and e-commerce companies that are completely based on cloud systems. As per research, companies have invested more than USD 75 billion in cyber security in the past one year, with a further investment of around USD 450 billion on recovering from cyber-attacks. Heavy reliance on IT infrastructure and lack of contingency and mitigation cyber polices at the place are major drawbacks for this market.
The United States has been the most frequent victim of cyber-attacks on its network. Research has indicated that more than half of the cyber-attacks around the globe have been reported in the United States during the last three years. Australia and the United Kingdom have also been recognized to be frequent victims of cyber-attacks. The lack of penetration of cyber security in the Asia-Pacific region has led to the developing economies such as China, India and Pakistan to be among the most exposed networks to malware and other cyber-attacks. The potential threat of cyber warfare has led to the countries in the APAC region to invest heavily in efficient cyber security measures; hence, the region is expected to witness the highest-growth in the cyber security market through the forecast period.
Frequency of Cyber Attacks: By Region
The report includes a competitive assessment in terms of overview of market players, profiles, products and services, business strategies, recent developments and innovation, market landscape, future trends and forecasts, and mergers & acquisitions.
The major companies dominating this market for its products, services, and continuous product developments are:
Cisco Systems, Inc.
Check Point Software Technologies Ltd.
Palo Alto Networks
Trend Micro, Inc.
Ark Software, Ltd.
Key Deliverables in the Study
Market analysis for the global cyber security market, with region-specific assessments and competition analysis on a global and regional scale.
Market definition along with the identification of key drivers and restraints.
Identification of factors instrumental in changing the market scenario, rising prospective opportunities, and identification of key companies that can influence this market on a global and regional scale.
Extensively researched competitive landscape section with profiles of major companies along with their market share.
Identification and analysis of the macro and micro factors that affect the global cyber security market on both, global and regional scales.
A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information.
A wide-ranging knowledge and insights about the major players in this industry and the key strategies adopted by them to sustain and grow in the studied market.
Insights on the major countries/regions where this industry is growing and identify the regions that are still untapped.
1.1 Study Deliverables
1.2 Key Findings of the Study
1.3 Research Assumptions
1.4 Market Definition
2. Research Methodology
3. Executive Summary
4. Market Dynamics
4.1 Market Overview
4.2 Market Drivers
4.2.1 Grownig Advanced Digital Devices
4.2.2 Information Sharing and Its Interdependency
4.2.3 Need for Secured Communications
4.3 Restraints to the Market
4.3.1 Lack of Awareness on Cyber Security
4.3.2 Heavy Reliance on It
4.4 Opportunities in the Market
4.4.1 Untapped Market in Apac and Latin America
4.4.2 Rise in Ict Solutions
4.5 Industry Value Chain Analysis
4.6 Industry Attractiveness - Porter's Five Force Analysis
4.6.1 Bargaining Power of Suppliers
4.6.2 Bargaining Power of Consumers
4.6.3 Threat from New Entrants
4.6.4 Threat from Substitute Products
4.6.5 Competitive Rivalry Within the Industry
5. Global Cyber Security Market Segmentation and Forecast
5.1 by Type of Security
5.1.1 Network Security
5.1.2 Cloud Security
5.1.3 Application Security
5.1.4 End-Point Security
5.1.5 Wireless Network Security
5.2 by Solution
5.2.1 Threat Intelligence & Response
5.2.2 Identity and Access Management
5.2.3 Data Loss Prevention
5.2.4 Threat Mitigation
5.2.5 Security and Vulnerability Management
5.2.6 Intrusion Prevention System
5.2.7 Unified Threat Management
5.2.8 Enterprise Risk and Compliance
5.2.9 Managed Security
5.3 by Services
5.3.1 Managed Services
5.3.2 Professional Services
5.4 by Deployment
5.4.1 on Cloud
5.4.2 on - Premise
5.5 by Industry
5.5.1 Aerospace, Defense and Intelligence
5.5.2 Banking, Financial Services and Insurance
5.5.6 Public Utility
5.5.7 It & Telecommunication
5.6 by Region
5.6.1 North America
22.214.171.124 United States
126.96.36.199 United Kingdom
5.6.4 Latin America
5.6.5 Middle East & Africa
188.8.131.52 Saudi Arabia
184.108.40.206 South Africa
6. Vendor Market Share Analysis
7. Competitive Intelligence - Company Profiles
7.1 Ibm Corporation
7.2 Cisco Systems, Inc.
7.3 Dell Technologies, Inc.
7.4 Rapid7 Inc.
7.5 Intel Security
7.6 Check Point Software Technologies Ltd.
7.7 Palo Alto Networks, Inc.
7.8 Symantec Corporation
7.9 Trend Micro, Inc.
7.11 Fireeye, Inc.
7.12 Proofpoint, Inc.
7.14 Cyber Ark Software, Ltd.
7.15 Avg Technologies
8. Investment Analysis
8.1 Recent Mergers & Acquisitions
8.2 Investment Scenario & Opportunities
9. Future of Global Cyber Security Market
- Ibm Corporation
- Cisco Systems Inc.
- Dell Technologies Inc.
- Rapid7 Inc.
- Intel Security
- Check Point Software Technologies Ltd.
- Palo Alto Networks Inc.
- Symantec Corporation
- Trend Micro Inc.
- Fireeye Inc.
- Proofpoint Inc.
- Cyber Ark Software Ltd.
- Avg Technologies