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Enterprise Cyber Security Solutions - Global Strategic Business Report

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    Report

  • 183 Pages
  • April 2024
  • Region: Global
  • Global Industry Analysts, Inc
  • ID: 4804974

Global Enterprise Cyber Security Solutions Market to Reach $116.9 Billion by 2030

The global market for Enterprise Cyber Security Solutions estimated at US$62.3 Billion in the year 2023, is projected to reach a revised size of US$116.9 Billion by 2030, growing at a CAGR of 8.2% over the analysis period 2023-2030. Telecom & Manufacturing end-use, one of the segments analyzed in the report, is expected to record 8% CAGR and reach US$40.5 Billion by the end of the analysis period. Growth in the Government end-use segment is estimated at 8.4% CAGR for the next 8-year period.

The U.S. Market is Estimated at $18.5 Billion, While China is Forecast to Grow at 7.7% CAGR

The Enterprise Cyber Security Solutions market in the U.S. is estimated at US$18.5 Billion in the year 2023. China, the world's second largest economy, is forecast to reach a projected market size of US$20.2 Billion by the year 2030 trailing a CAGR of 7.7% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 7.3% and 6.9% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 6.4% CAGR.

Report Features

  • Full access to influencer engagement stats
  • Access to digital archives & research platform. The proprietary platform is fully enabled to unlock creativity and market knowledge of domain experts worldwide in a cohesive and collaborative manner. The state-of-art tools bring world class market perspectives while protecting participants` privacy and identity. Numbers, statistics and market narrative in the report are based on fully curated insights shared by domain experts and influencers in this space.
  • Opportunity to engage with interactive questionnaires that come with real-time data simulator tools & bespoke report generation capabilities
  • Full client access to peer collaborative and interactive platform for cross-enterprise smart exchange of ideas
  • Complimentary report updates for one year
  • Competitor coverage with global market shares of major players
  • Player market presence analysis (Strong/Active/Niche/Trivial) across multiple geographies
  • Access to curated YouTube video transcripts of domain experts/influencer interviews, podcasts, press statements and event keynotes

What to Expect from the Global Economy in 2024

Edgy geopolitics, and economic instability caused by monetary policy tightening and ensuing higher interest rates will create a tumultuous landscape for 2024. Several factors will continue to exert pressure on the path to recovery including hostilities in the Middle East and increasingly common climate disasters. Among the risks, several positives are also taking shape such as growing signs of disinflation and easing of anxiety over stubborn inflation, supply chain normalization and price moderation despite volatility in energy costs. Elections across several G21 jurisdictions, notably in India and the United States, will have potential ramifications for capital flows and investment strategies. While India emerges as a compelling destination in the global investment landscape, U.S, based tech firms will continue to dominate, fueled by a dynamic ecosystem of talent and capital. Tech opportunities in Silicon Valley and beyond remain attractive for investors seeking high-growth prospects supported largely by a resilient albeit slowing domestic economy and conducive regulatory environment. Europe will continue to battle tight monetary policy and recession risks with U.K. having the most challenging outlook and running the greatest risk of recession in 2024. China remains a wild card with hope for growth in the country underpinned by government spending and improvements in consumer spending. The volatile environment will offer both opportunities and challenges for investors and businesses alike. Embracing volatility as a catalyst for growth together with agility and strategic foresight in navigating investment decisions will remain important for survival.

Select Competitors (Total 23 Featured) -

  • Akamai Technologies, Inc.
  • Check Point Software Technologies Ltd.
  • Cisco Systems, Inc.
  • IBM Corporation
  • Intel Corporation
  • Symantec Corporation

Table of Contents

I. METHODOLOGYII. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
  • Influencer Market Insights
  • World Market Trajectories
  • Enterprise Cyber Security Solutions - Global Key Competitors Percentage Market Share in 2022 (E)
  • Impact of Covid-19 and a Looming Global Recession
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
  • Worrisome Increase in Data Breaches, Service Interruptions & Massive Business Losses Provides the Cornerstone for Growth in Enterprise Cyber Security Solutions
  • Growing Ubiquity of Data Breaches & Cyber Intrusions Catapults the Importance of Cyber Security Solutions: Global Annual Number of Data Breaches by Type of Enterprise
  • Rising Business Losses Due to Data Breaches Steps Up Enterprise Focus on Cyber Security: Average Annual Cost of Data Breaches (In US$ Million) by Country
  • Lost Business Opportunity Which Enterprises Can Ill Afford in a Challenging Economic Climate Represents the Largest Component of Data Breach Cost: Breakdown of the Average Global Cost of Data Breach by Cost Component (In US$ Million)
  • Digital Evolution into Connected Enterprises, a Game Changing Enterprise Trend, Makes Cyber Attacks a Potent Security Threat
  • As the Connected Enterprise Becomes a Reality, Enterprises Are Forced to Operate in a Zero Trust World: Global Market for Connected Enterprise (In US$ Billion) for the Years 2017, 2019, 2023 & 2025
  • Increasing Adoption of Cloud Based Services Strengthens the Business Case for Cloud Security
  • Tectonic Shift of IT to the Cloud as Measured by the Volume of Enterprise Data Residing in the Cloud: Percentage Breakdown of Enterprise Workloads in On-Premises, Public, Private& Hybrid Cloud for the Years 2019 & 2022
  • Workforce Mobility & BYOD Spur the Focus on Cyber Security
  • Rise of BYOD in Response to Growing Workforce Mobility Needs Drives the Focus on Handling the Risks Posed by Mobile Cloud Computing: Global BYOD & Enterprise Mobility Market (In US$ Billion) for the Years 2017, 2019, 2022 and 2024
  • Enterprise IoT Brings Digital Security into the Forefront
  • Bracing for IoT in the Enterprise Will Mean Greater Focus on Cyber Security: Global Enterprise IoT Market (In US$ Billion) for the Years 2017, 2019, 2022 and 2024
  • IoT Devices Becomes the Focus of Cyber Attacks, Driving Demand for IoT Security Solutions: Number of Malware Samples for IoT Devices from Known Malicious URLs Currently Available in Kaspersky Lab’s Collection for the Years 2016, 2017 & 2018
  • Technologies Driving the Penetration of Enterprise IoT Projects: % Level of Adoption of IoT Enabling Technologies in the Enterprise for the Year 2019 & Planned for the Year 2020 and Beyond
  • Smart Logistics & Fleet Management Drive Need for Cyber Security Solutions in the Transportation End-Use Industry
  • With Enhanced Connectivity Comes Equally High Levels of Risk: Global Connected Logistics Market (In US$ Billion) for the Years 2017, 2019, 2022 and 2024
  • Critical Infrastructure Protection Needs Drive Growth in the Government Sector As Smart Cities Become the Pet Project of Governments Worldwide
  • As Spending on Smart Cities Increases, Cyber Security Will Command an Increasingly Larger Share of the Spends: Global Smart City Technology Spending (In US$ Billion) for the Years 2017, 2019 & 2022
  • Digitalization of Healthcare Drives Hospitals to Spend Big on Cyber Security
  • High Demand for Medical Records in the Black Market Catalyzes the Threat of Healthcare Data Breaches, Throwing the Focus on Data Protection Best Practices: Healthcare Data Breaches in the U.S for the Years 2009 Through 2020
  • Smart Factory & IIoT Drives Massive Investments in Cyber Security in the Manufacturing Industry
  • With Manufacturing IT Prone to the Highest Risk of Attacks, Cybersecurity Emerges as a Key Enabler of Industry 4.0: % Breakdown of Malware Attacks Against IT Networks Across Industries in the Year 2019
4. GLOBAL MARKET PERSPECTIVE
  • Table 1: World Recent Past, Current & Future Analysis for Enterprise Cyber Security Solutions by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 2: World 8-Year Perspective for Enterprise Cyber Security Solutions by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets for Years 2023 & 2030
  • Table 3: World Recent Past, Current & Future Analysis for Government by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 4: World 8-Year Perspective for Government by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2023 & 2030
  • Table 5: World Recent Past, Current & Future Analysis for Bfsi by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 6: World 8-Year Perspective for Bfsi by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2023 & 2030
  • Table 7: World Recent Past, Current & Future Analysis for Healthcare by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 8: World 8-Year Perspective for Healthcare by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2023 & 2030
  • Table 9: World Recent Past, Current & Future Analysis for Other End-Uses by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 10: World 8-Year Perspective for Other End-Uses by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2023 & 2030
  • Table 11: World Enterprise Cyber Security Solutions Market Analysis of Annual Sales in US$ Million for Years 2014 through 2030
  • Table 12: World Recent Past, Current & Future Analysis for Telecom & Manufacturing by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 13: World 8-Year Perspective for Telecom & Manufacturing by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2023 & 2030
III. MARKET ANALYSIS
UNITED STATES
  • Enterprise Cyber Security Solutions Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2023 (E)
  • Table 14: USA Recent Past, Current & Future Analysis for Enterprise Cyber Security Solutions by End-Use - Telecom & Manufacturing, Government, Bfsi, Healthcare and Other End-Uses - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
  • Table 15: USA 8-Year Perspective for Enterprise Cyber Security Solutions by End-Use - Percentage Breakdown of Value Sales for Telecom & Manufacturing, Government, Bfsi, Healthcare and Other End-Uses for the Years 2023 & 2030
CANADA
  • Table 16: Canada Recent Past, Current & Future Analysis for Enterprise Cyber Security Solutions by End-Use - Telecom & Manufacturing, Government, Bfsi, Healthcare and Other End-Uses - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
  • Table 17: Canada 8-Year Perspective for Enterprise Cyber Security Solutions by End-Use - Percentage Breakdown of Value Sales for Telecom & Manufacturing, Government, Bfsi, Healthcare and Other End-Uses for the Years 2023 & 2030
JAPAN
  • Enterprise Cyber Security Solutions Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2023 (E)
  • Table 18: Japan Recent Past, Current & Future Analysis for Enterprise Cyber Security Solutions by End-Use - Telecom & Manufacturing, Government, Bfsi, Healthcare and Other End-Uses - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
  • Table 19: Japan 8-Year Perspective for Enterprise Cyber Security Solutions by End-Use - Percentage Breakdown of Value Sales for Telecom & Manufacturing, Government, Bfsi, Healthcare and Other End-Uses for the Years 2023 & 2030
CHINA
  • Enterprise Cyber Security Solutions Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2023 (E)
  • Table 20: China Recent Past, Current & Future Analysis for Enterprise Cyber Security Solutions by End-Use - Telecom & Manufacturing, Government, Bfsi, Healthcare and Other End-Uses - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
  • Table 21: China 8-Year Perspective for Enterprise Cyber Security Solutions by End-Use - Percentage Breakdown of Value Sales for Telecom & Manufacturing, Government, Bfsi, Healthcare and Other End-Uses for the Years 2023 & 2030
EUROPE
  • Enterprise Cyber Security Solutions Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2023 (E)
  • Table 22: Europe Recent Past, Current & Future Analysis for Enterprise Cyber Security Solutions by Geographic Region - France, Germany, Italy, UK and Rest of Europe Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 23: Europe 8-Year Perspective for Enterprise Cyber Security Solutions by Geographic Region - Percentage Breakdown of Value Sales for France, Germany, Italy, UK and Rest of Europe Markets for Years 2023 & 2030
  • Table 24: Europe Recent Past, Current & Future Analysis for Enterprise Cyber Security Solutions by End-Use - Telecom & Manufacturing, Government, Bfsi, Healthcare and Other End-Uses - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
  • Table 25: Europe 8-Year Perspective for Enterprise Cyber Security Solutions by End-Use - Percentage Breakdown of Value Sales for Telecom & Manufacturing, Government, Bfsi, Healthcare and Other End-Uses for the Years 2023 & 2030
FRANCE
  • Enterprise Cyber Security Solutions Market Presence - Strong/Active/Niche/Trivial - Key Competitors in France for 2023 (E)
  • Table 26: France Recent Past, Current & Future Analysis for Enterprise Cyber Security Solutions by End-Use - Telecom & Manufacturing, Government, Bfsi, Healthcare and Other End-Uses - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
  • Table 27: France 8-Year Perspective for Enterprise Cyber Security Solutions by End-Use - Percentage Breakdown of Value Sales for Telecom & Manufacturing, Government, Bfsi, Healthcare and Other End-Uses for the Years 2023 & 2030
GERMANY
  • Enterprise Cyber Security Solutions Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Germany for 2023 (E)
  • Table 28: Germany Recent Past, Current & Future Analysis for Enterprise Cyber Security Solutions by End-Use - Telecom & Manufacturing, Government, Bfsi, Healthcare and Other End-Uses - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
  • Table 29: Germany 8-Year Perspective for Enterprise Cyber Security Solutions by End-Use - Percentage Breakdown of Value Sales for Telecom & Manufacturing, Government, Bfsi, Healthcare and Other End-Uses for the Years 2023 & 2030
ITALY
  • Table 30: Italy Recent Past, Current & Future Analysis for Enterprise Cyber Security Solutions by End-Use - Telecom & Manufacturing, Government, Bfsi, Healthcare and Other End-Uses - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
  • Table 31: Italy 8-Year Perspective for Enterprise Cyber Security Solutions by End-Use - Percentage Breakdown of Value Sales for Telecom & Manufacturing, Government, Bfsi, Healthcare and Other End-Uses for the Years 2023 & 2030
UNITED KINGDOM
  • Enterprise Cyber Security Solutions Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United Kingdom for 2023 (E)
  • Table 32: UK Recent Past, Current & Future Analysis for Enterprise Cyber Security Solutions by End-Use - Telecom & Manufacturing, Government, Bfsi, Healthcare and Other End-Uses - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
  • Table 33: UK 8-Year Perspective for Enterprise Cyber Security Solutions by End-Use - Percentage Breakdown of Value Sales for Telecom & Manufacturing, Government, Bfsi, Healthcare and Other End-Uses for the Years 2023 & 2030
REST OF EUROPE
  • Table 34: Rest of Europe Recent Past, Current & Future Analysis for Enterprise Cyber Security Solutions by End-Use - Telecom & Manufacturing, Government, Bfsi, Healthcare and Other End-Uses - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
  • Table 35: Rest of Europe 8-Year Perspective for Enterprise Cyber Security Solutions by End-Use - Percentage Breakdown of Value Sales for Telecom & Manufacturing, Government, Bfsi, Healthcare and Other End-Uses for the Years 2023 & 2030
ASIA-PACIFIC
  • Enterprise Cyber Security Solutions Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2023 (E)
  • Table 36: Asia-Pacific Recent Past, Current & Future Analysis for Enterprise Cyber Security Solutions by End-Use - Telecom & Manufacturing, Government, Bfsi, Healthcare and Other End-Uses - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
  • Table 37: Asia-Pacific 8-Year Perspective for Enterprise Cyber Security Solutions by End-Use - Percentage Breakdown of Value Sales for Telecom & Manufacturing, Government, Bfsi, Healthcare and Other End-Uses for the Years 2023 & 2030
REST OF WORLD
  • Table 38: Rest of World Recent Past, Current & Future Analysis for Enterprise Cyber Security Solutions by End-Use - Telecom & Manufacturing, Government, Bfsi, Healthcare and Other End-Uses - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
  • Table 39: Rest of World 8-Year Perspective for Enterprise Cyber Security Solutions by End-Use - Percentage Breakdown of Value Sales for Telecom & Manufacturing, Government, Bfsi, Healthcare and Other End-Uses for the Years 2023 & 2030
IV. COMPETITION

Companies Mentioned (Partial List)

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

  • Akamai Technologies, Inc.
  • Check Point Software Technologies Ltd.
  • Cisco Systems, Inc.
  • IBM Corporation
  • Intel Corporation
  • Symantec Corporation

Table Information