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Enterprise Cyber Security Solutions - Global Market Trajectory & Analytics

  • ID: 4804974
  • Report
  • April 2021
  • Region: Global
  • 110 pages
  • Global Industry Analysts, Inc
Global Enterprise Cyber Security Solutions Market to Reach $94.6 Billion by 2027

Amid the COVID-19 crisis, the global market for Enterprise Cyber Security Solutions estimated at US$49.9 Billion in the year 2020, is projected to reach a revised size of US$94.6 Billion by 2027, growing at a CAGR of 9.6% over the analysis period 2020-2027. Telecom and Manufacturing, one of the segments analyzed in the report, is projected to record a 9.2% CAGR and reach US$32.5 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 Government segment is readjusted to a revised 10.1% CAGR for the next 7-year period.



The U.S. Market is Estimated at $14.8 Billion, While China is Forecast to Grow at 9% CAGR

The Enterprise Cyber Security Solutions market in the U.S. is estimated at US$14.8 Billion in the year 2020. China, the world's second largest economy, is forecast to reach a projected market size of US$16.4 Billion by the year 2027 trailing a CAGR of 9% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 8.8% and 7.9% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 7.8% CAGR.

BFSI Segment to Record 10.6% CAGR

In the global BFSI segment, USA, Canada, Japan, China and Europe will drive the 10.7% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$8.5 Billion in the year 2020 will reach a projected size of US$17.2 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$11 Billion by the year 2027.

Select Competitors (Total 38 Featured):
  • Akamai Technologies, Inc.
  • Check Point Software Technologies Ltd.
  • Cisco Systems, Inc.
  • IBM Corporation
  • Intel Corporation
  • Symantec Corporation
Note: Product cover images may vary from those shown
I. METHODOLOGY

II. EXECUTIVE SUMMARY
  • Influencer Market Insights
  • World Market Trajectories
  • Impact of Covid-19 and a Looming Global Recession
  • Worrisome Increase in Data Breaches, Service Interruptions & Massive Business Losses Provides the Cornerstone for Growth in Enterprise Cyber Security Solutions
  • Exhibit 1: Growing Ubiquity of Data Breaches & Cyber Intrusions Catapults the Importance of Cyber Security Solutions: Global Annual Number of Data Breaches by Type of Enterprise
  • Exhibit 2: 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
  • Exhibit 3: 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
  • Exhibit 4: 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
  • Exhibit 5: 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
  • Exhibit 6: 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
  • Exhibit 7: 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
  • Exhibit 8: 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
  • Exhibit 9: 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
  • Exhibit 10: 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
  • Exhibit 11: 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
  • Exhibit 12: 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
  • Exhibit 13: 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
  • Table 1: World 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 2020 through 2027 and % CAGR
  • Table 2: World 7-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 2020 & 2027
  • Table 3: World Current & Future Analysis for Telecom And 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 2020 through 2027 and % CAGR
  • Table 4: World 7-Year Perspective for Telecom And Manufacturing by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2020 & 2027
  • Table 5: World 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 2020 through 2027 and % CAGR
  • Table 6: World 7-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 2020 & 2027
  • Table 7: World 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 2020 through 2027 and % CAGR
  • Table 8: World 7-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 2020 & 2027
  • Table 9: World 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 2020 through 2027 and % CAGR
  • Table 10: World 7-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 2020 & 2027
  • Table 11: World 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 2020 through 2027 and % CAGR
  • Table 12: World 7-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 2020 & 2027
III. MARKET ANALYSIS
  • Table 13: USA Current & Future Analysis for Enterprise Cyber Security Solutions by End-Use - Telecom And Manufacturing, Government, Bfsi, Healthcare and Other End-Uses - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
  • Table 14: USA 7-Year Perspective for Enterprise Cyber Security Solutions by End-Use - Percentage Breakdown of Value Sales for Telecom And Manufacturing, Government, Bfsi, Healthcare and Other End-Uses for the Years 2020 & 2027
  • Table 15: Canada Current & Future Analysis for Enterprise Cyber Security Solutions by End-Use - Telecom And Manufacturing, Government, Bfsi, Healthcare and Other End-Uses - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
  • Table 16: Canada 7-Year Perspective for Enterprise Cyber Security Solutions by End-Use - Percentage Breakdown of Value Sales for Telecom And Manufacturing, Government, Bfsi, Healthcare and Other End-Uses for the Years 2020 & 2027
  • Table 17: Japan Current & Future Analysis for Enterprise Cyber Security Solutions by End-Use - Telecom And Manufacturing, Government, Bfsi, Healthcare and Other End-Uses - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
  • Table 18: Japan 7-Year Perspective for Enterprise Cyber Security Solutions by End-Use - Percentage Breakdown of Value Sales for Telecom And Manufacturing, Government, Bfsi, Healthcare and Other End-Uses for the Years 2020 & 2027
  • Table 19: China Current & Future Analysis for Enterprise Cyber Security Solutions by End-Use - Telecom And Manufacturing, Government, Bfsi, Healthcare and Other End-Uses - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
  • Table 20: China 7-Year Perspective for Enterprise Cyber Security Solutions by End-Use - Percentage Breakdown of Value Sales for Telecom And Manufacturing, Government, Bfsi, Healthcare and Other End-Uses for the Years 2020 & 2027
  • Table 21: Europe 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 2020 through 2027 and % CAGR
  • Table 22: Europe 7-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 2020 & 2027
  • Table 23: Europe Current & Future Analysis for Enterprise Cyber Security Solutions by End-Use - Telecom And Manufacturing, Government, Bfsi, Healthcare and Other End-Uses - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
  • Table 24: Europe 7-Year Perspective for Enterprise Cyber Security Solutions by End-Use - Percentage Breakdown of Value Sales for Telecom And Manufacturing, Government, Bfsi, Healthcare and Other End-Uses for the Years 2020 & 2027
  • Table 25: France Current & Future Analysis for Enterprise Cyber Security Solutions by End-Use - Telecom And Manufacturing, Government, Bfsi, Healthcare and Other End-Uses - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
  • Table 26: France 7-Year Perspective for Enterprise Cyber Security Solutions by End-Use - Percentage Breakdown of Value Sales for Telecom And Manufacturing, Government, Bfsi, Healthcare and Other End-Uses for the Years 2020 & 2027
  • Table 27: Germany Current & Future Analysis for Enterprise Cyber Security Solutions by End-Use - Telecom And Manufacturing, Government, Bfsi, Healthcare and Other End-Uses - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
  • Table 28: Germany 7-Year Perspective for Enterprise Cyber Security Solutions by End-Use - Percentage Breakdown of Value Sales for Telecom And Manufacturing, Government, Bfsi, Healthcare and Other End-Uses for the Years 2020 & 2027
  • Table 29: Italy Current & Future Analysis for Enterprise Cyber Security Solutions by End-Use - Telecom And Manufacturing, Government, Bfsi, Healthcare and Other End-Uses - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
  • Table 30: Italy 7-Year Perspective for Enterprise Cyber Security Solutions by End-Use - Percentage Breakdown of Value Sales for Telecom And Manufacturing, Government, Bfsi, Healthcare and Other End-Uses for the Years 2020 & 2027
  • Table 31: UK Current & Future Analysis for Enterprise Cyber Security Solutions by End-Use - Telecom And Manufacturing, Government, Bfsi, Healthcare and Other End-Uses - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
  • Table 32: UK 7-Year Perspective for Enterprise Cyber Security Solutions by End-Use - Percentage Breakdown of Value Sales for Telecom And Manufacturing, Government, Bfsi, Healthcare and Other End-Uses for the Years 2020 & 2027
  • Table 33: Rest of Europe Current & Future Analysis for Enterprise Cyber Security Solutions by End-Use - Telecom And Manufacturing, Government, Bfsi, Healthcare and Other End-Uses - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
  • Table 34: Rest of Europe 7-Year Perspective for Enterprise Cyber Security Solutions by End-Use - Percentage Breakdown of Value Sales for Telecom And Manufacturing, Government, Bfsi, Healthcare and Other End-Uses for the Years 2020 & 2027
  • Table 35: Asia-Pacific Current & Future Analysis for Enterprise Cyber Security Solutions by End-Use - Telecom And Manufacturing, Government, Bfsi, Healthcare and Other End-Uses - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
  • Table 36: Asia-Pacific 7-Year Perspective for Enterprise Cyber Security Solutions by End-Use - Percentage Breakdown of Value Sales for Telecom And Manufacturing, Government, Bfsi, Healthcare and Other End-Uses for the Years 2020 & 2027
  • Table 37: Rest of World Current & Future Analysis for Enterprise Cyber Security Solutions by End-Use - Telecom And Manufacturing, Government, Bfsi, Healthcare and Other End-Uses - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
  • Table 38: Rest of World 7-Year Perspective for Enterprise Cyber Security Solutions by End-Use - Percentage Breakdown of Value Sales for Telecom And Manufacturing, Government, Bfsi, Healthcare and Other End-Uses for the Years 2020 & 2027
IV. COMPETITION
  • Total Companies Profiled: 38
Note: Product cover images may vary from those shown
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