Global Cyber Security Services Market Size, Share & Trends Analysis Report by Service Type, by Professional Services (Penetration Testing, Training, Consulting & Advisory), by Managed Services, by Industry Vertical, and Segment Forecasts, 2021-2028

Report
105 Pages
April 2021
Region: Global
Grand View Research
ID: 5415421

The global cyber security services market size is expected to reach USD 192.70 billion by 2028, registering a CAGR of 10.2% over the forecast period. Continued cybersecurity breaches on the enterprise and individual levels, and the subsequent need to address the vulnerabilities in networks, apps, and systems, are the factors expected to drive the growth. The need for identifying advanced, persistent threats to networks, monitoring critical infrastructure 24/7, and penetration testing applications for meeting various regulatory compliance standards and acts, such as FISMA, MARS-E, PCI DSS, Sarbanes-Oxley (SOX), and HIPAA, is expected to contribute to the growth of the market.

As cyberattacks are getting more and more sophisticated, cyber security services are also evolving accordingly. Some of the common cyber security services include penetration testing, bug bounty, and Managed Detection Response (MDR), and the demand for these and other similar services are growing in line with the continued deployment of digital and cloud-based applications. These services help enterprises identify IT infrastructure vulnerabilities, fix the bugs, and gain access to the necessary remedies for tackling cyberattacks. Additionally, as a result of the outbreak of the COVID-19 pandemic, work-from-home and remote working mandates are impelling employees to connect with unsecured networks. Hackers are taking this opportunity to exploit the loopholes and particularly infiltrate corporate web applications. Hence, incumbents of several industries are in a dire need to continuously monitor the evolving cyber threats and safeguard their enterprise systems.

Testing web applications and databases and identifying their weaknesses and vulnerabilities are expected to emerge as the major focus areas for the incumbents of various industries and industry verticals, including BFSI, healthcare, IT, manufacturing, and retail, over the forecast period. The healthcare industry vertical has been frequently targeted by hackers and cybercriminals. Cybercrimes targeting the healthcare industry are expected to intensify in line with the continued digitalization and the introduction of IoT-based medical devices. In May 2019, the American Medical Collection Agency, a billing services provider, revealed that it was subjected to cyberattacks for a duration of eight months from August 2018 to March 2019 and that approximately 25 million patients may have been affected due to these cyberattacks. Meanwhile, a report published by Radware, a provider of cybersecurity and application delivery solutions, revealed that a healthcare organization needs to spend approximately USD 1.4 million on average to recover from a cyberattack. Thus, the growing need to protect healthcare institutions from cyberattacks has created new opportunities for cyber security services providers.

Cyber Security Services Market Report Highlights

Advancements in artificial intelligence, machine learning, and the internet of things are disrupting cyberspace and reshaping the global threat landscape, thereby driving the growth of the market over the forecast period
The healthcare segment is anticipated to exhibit the highest CAGR of 11.4% over the forecast period. The increased instances of cybercrimes in the recent past, and particularly during the outbreak of the COVID-19 pandemic, have prompted healthcare application developers to address the application vulnerabilities
Asia Pacific is expected to emerge as the fastest-growing regional market over the forecast period. The growing demand for penetration testing and bug bounty services in line with the mandatory compliances, which require periodic technological evaluation, is expected to drive the growth of the regional market
Some of the major players operating in the market include Accenture, AT&T, Atos SE, Cisco, IBM, and Rapid7

This product will be delivered within 1-3 business days.

Chapter 1. Methodology and Scope

1.1. Market Segmentation and Scope
1.2. Market Definition
1.3. Information Procurement
1.3.1. Purchased database
1.3.2. Internal database
1.3.3. Secondary sources & third-party perspectives
1.3.4. Primary research
1.4. Information Analysis
1.5. Market Formulation & Data Visualization
1.6. Data Validation & Publishing

Chapter 2. Executive Summary

2.1. Market Outlook
2.2. Segment Outlook

Chapter 3. Market Variables, Trends & Scope

3.1. Penetration & Growth prospect mapping
3.2. Industry Value Chain Analysis
3.3. Cyber Security Services Market Dynamics
3.3.1. Market driver analysis
3.3.2. Market challenge/restraint analysis
3.4. Business Environment Analysis Tools
3.4.1. Industry analysis – Porter’s five forces analysis
3.4.2. PEST analysis
3.5. Cyber Security Services Market: Competitive Insights
3.5.1. Major deals and strategic alliances
3.5.2. Key company market ranking analysis, 2020

Chapter 4. Cyber Security Services Market: Service Type Estimates & Trends Analysis

4.1. Service Type Market Analysis & Market Share, 2020 & 2028
4.1.1. Professional Services
4.1.1.1. Market estimates and forecasts by region, 2016 - 2028 (USD Million)
4.1.2. Managed Services
4.1.2.1. Market estimates and forecasts by region, 2016 - 2028 (USD Million)

Chapter 5. Cyber Security Services Market: Professional Services Estimates & Trends Analysis

5.1. Professional Services Market Analysis & Market Share, 2020 & 2028
5.1.1. Integration
5.1.1.1. Market estimates and forecasts by region, 2016 - 2028 (USD Million)
5.1.2. Support and Maintenance
5.1.2.1. Market estimates and forecasts by region, 2016 - 2028 (USD Million)
5.1.3. Training, Consulting and Advisory
5.1.3.1. Market estimates and forecasts by region, 2016 - 2028 (USD Million)
5.1.4. Penetration testing
5.1.4.1. Market estimates and forecasts by region, 2016 - 2028 (USD Million)
5.1.5. Bug Bounty
5.1.5.1. Market estimates and forecasts by region, 2016 - 2028 (USD Million)
5.1.6. Others
5.1.6.1. Market estimates and forecasts by region, 2016 - 2028 (USD Million)

Chapter 6. Cyber Security Services Market: Managed Services Estimates & Trends Analysis

6.1. Managed Services Market Analysis & Market Share, 2020 & 2028
6.1.1. Managed Detection Response (MDR)
6.1.1.1. Market estimates and forecasts by region, 2016 - 2028 (USD Million)
6.1.2. Managed Security Incident and Event Management (SIEM)
6.1.2.1. Market estimates and forecasts by region, 2016 - 2028 (USD Million)
6.1.3. Compliance and Vulnerability Management
6.1.3.1. Market estimates and forecasts by region, 2016 - 2028 (USD Million)
6.1.4. Others
6.1.4.1. Market estimates and forecasts by region, 2016 - 2028 (USD Million)

Chapter 7. Cyber Security Services Market: Industry Verticals Estimates & Trends Analysis

7.1. Industry Verticals Market Analysis & Market Share, 2020 & 2028
7.1.1. IT & Telecom
7.1.1.1. Market estimates and forecasts by region, 2016 - 2028 (USD Million)
7.1.2. Retail
7.1.2.1. Market estimates and forecasts by region, 2016 - 2028 (USD Million)
7.1.3. BFSI
7.1.3.1. Market estimates and forecasts by region, 2016 - 2028 (USD Million)
7.1.4. Healthcare
7.1.4.1. Market estimates and forecasts by region, 2016 - 2028 (USD Million)
7.1.5. Defense/Government
7.1.5.1. Market estimates and forecasts by region, 2016 - 2028 (USD Million)
7.1.6. Energy
7.1.6.1. Market estimates and forecasts by region, 2016 - 2028 (USD Million)
7.1.7. Manufacturing
7.1.7.1. Market estimates and forecasts by region, 2016 - 2028 (USD Million)
7.1.8. Others
7.1.8.1. Market estimates and forecasts by region, 2016 - 2028 (USD Million)

Chapter 8. Cyber Security Services Market: Regional Estimates & Trend analysis

8.1. Regional Market Analysis & Market Share, 2020 & 2028
8.1.1. North America
8.1.1.1. North America cyber security services market, by service type, 2016 - 2028 (USD Million)
8.1.1.2. North America cyber security services market, by professional services, 2016 - 2028 (USD Million)
8.1.1.3. North America cyber security services market, by managed services, 2016 - 2028 (USD Million)
8.1.1.4. North America cyber security services market, by vertical, 2016 - 2028 (USD Million)
8.1.1.5. U.S.
8.1.1.5.1. U.S. cyber security services market, by service type, 2016 - 2028 (USD Million)
8.1.1.5.2. U.S. cyber security services market, by professional services, 2016 - 2028 (USD Million)
8.1.1.5.3. U.S. cyber security services market, by managed services, 2016 - 2028 (USD Million)
8.1.1.5.4. U.S. cyber security services market, by industry verticals, 2016 - 2028 (USD Million)
8.1.1.6. Canada
8.1.1.6.1. Canada cyber security services market, by service type, 2016 - 2028 (USD Million)
8.1.1.6.2. Canada cyber security services market, by professional services, 2016 - 2028 (USD Million)
8.1.1.6.3. Canada cyber security services market, by managed services, 2016 - 2028 (USD Million)
8.1.1.6.4. Canada cyber security services market, by industry verticals, 2016 - 2028 (USD Million)
8.1.2. Europe
8.1.2.1. Europe cyber security services market, by service type, 2016 - 2028 (USD Million)
8.1.2.2. Europe cyber security services market, by professional services, 2016 - 2028 (USD Million)
8.1.2.3. Europe cyber security services market, by managed services, 2016 - 2028 (USD Million)
8.1.2.4. Europe cyber security services market, by industry verticals, 2016 - 2028 (USD Million)
8.1.2.5. U.K.
8.1.2.5.1. U.K. cyber security services market, by service type, 2016 - 2028 (USD Million)
8.1.2.5.2. U.K. cyber security services market, by professional services, 2016 - 2028 (USD Million)
8.1.2.5.3. U.K. cyber security services market, by managed services, 2016 - 2028 (USD Million)
8.1.2.5.4. U.K. cyber security services market, by industry verticals, 2016 - 2028 (USD Million)
8.1.2.6. Germany
8.1.2.6.1. Germany cyber security services market, by service type, 2016 - 2028 (USD Million)
8.1.2.6.2. Germany cyber security services market, by professional services, 2016 - 2028 (USD Million)
8.1.2.6.3. Germany cyber security services market, by managed services, 2016 - 2028 (USD Million)
8.1.2.6.4. Germany cyber security services market, by industry verticals, 2016 - 2028 (USD Million)
8.1.3. Asia Pacific
8.1.3.1. Asia Pacific cyber security services market, by service type, 2016 - 2028 (USD Million)
8.1.3.2. Asia Pacific cyber security services market, by professional services, 2016 - 2028 (USD Million)
8.1.3.3. Asia Pacific cyber security services market, by managed services, 2016 - 2028 (USD Million)
8.1.3.4. Asia Pacific cyber security services market, by industry verticals, 2016 - 2028 (USD Million)
8.1.3.5. China
8.1.3.5.1. China cyber security services market, by service type, 2016 - 2028 (USD Million)
8.1.3.5.2. China cyber security services market, by professional services, 2016 - 2028 (USD Million)
8.1.3.5.3. China cyber security services market, by managed services, 2016 - 2028 (USD Million)
8.1.3.5.4. China cyber security services market, by industry verticals, 2016 - 2028 (USD Million)
8.1.3.6. India
8.1.3.6.1. India cyber security services market, by service type, 2016 - 2028 (USD Million)
8.1.3.6.2. India cyber security services market, by professional services, 2016 - 2028 (USD Million)
8.1.3.6.3. India cyber security services market, by managed services, 2016 - 2028 (USD Million)
8.1.3.6.4. India cyber security services market, by industry verticals, 2016 - 2028 (USD Million)
8.1.3.7. Japan
8.1.3.7.1. Japan cyber security services market, by service type, 2016 - 2028 (USD Million)
8.1.3.7.2. Japan cyber security services market, by professional services, 2016 - 2028 (USD Million)
8.1.3.7.3. India cyber security services market, by managed services, 2016 - 2028 (USD Million)
8.1.3.7.4. Japan cyber security services market, by industry verticals, 2016 - 2028 (USD Million)
8.1.4. Latin America
8.1.4.1. Latin America cyber security services market, by service type, 2016 - 2028 (USD Million)
8.1.4.2. Latin America cyber security services market, by professional services, 2016 - 2028 (USD Million)
8.1.4.3. Latin America cyber security services market, by managed services, 2016 - 2028 (USD Million)
8.1.4.4. Latin America cyber security services market, by industry verticals, 2016 - 2028 (USD Million)
8.1.4.5. Brazil
8.1.4.5.1. Brazil cyber security services market, by service type, 2016 - 2028 (USD Million)
8.1.4.5.2. Brazil cyber security services market, by professional services, 2016 - 2028 (USD Million)
8.1.4.5.3. Brazil cyber security services market, by managed services, 2016 - 2028 (USD Million)
8.1.4.5.4. Brazil cyber security services market, by industry verticals, 2016 - 2028 (USD Million)
8.1.4.6. Mexico
8.1.4.6.1. Mexico cyber security services market, by service type, 2016 - 2028 (USD Million)
8.1.4.6.2. Mexico cyber security services market, by professional services, 2016 - 2028 (USD Million)
8.1.4.6.3. Mexico cyber security services market, by managed services, 2016 - 2028 (USD Million)
8.1.4.6.4. Mexico cyber security services market, by industry verticals, 2016 - 2028 (USD Million)
8.1.5. Middle East & Africa
8.1.5.1. Middle East & Africa cyber security services market, by service type, 2016 - 2028 (USD Million)
8.1.5.2. Middle East & Africa cyber security services market, by professional services, 2016 - 2028 (USD Million)
8.1.5.3. Middle East & Africa cyber security services market, by managed services, 2016 - 2028 (USD Million)
8.1.5.4. Middle East & Africa cyber security services market, by industry verticals, 2016 - 2028 (USD Million)

Chapter 9. Competitive Landscape

9.1. Company Profiles
9.1.1. Accenture
9.1.1.1. Company overview
9.1.1.2. Financial performance
9.1.1.3. Product benchmarking
9.1.1.4. Strategic initiatives
9.1.2. AT&T
9.1.2.1. Company overview
9.1.2.2. Financial performance
9.1.2.3. Product benchmarking
9.1.2.4. Strategic initiatives
9.1.3. Atos SE
9.1.3.1. Company overview
9.1.3.2. Financial performance
9.1.3.3. Product benchmarking
9.1.3.4. Strategic initiatives
9.1.4. Capgemini
9.1.4.1. Company overview
9.1.4.2. Financial performance
9.1.4.3. Product benchmarking
9.1.4.4. Strategic initiatives
9.1.5. Cisco
9.1.5.1. Company overview
9.1.5.2. Financial performance
9.1.5.3. Product benchmarking
9.1.5.4. Strategic initiatives
9.1.6. CrowdStrike
9.1.6.1. Company overview
9.1.6.2. Financial performance
9.1.6.3. Product benchmarking
9.1.6.4. Strategic initiatives
9.1.7. Deloitte Touche Tohmatsu Limited
9.1.7.1. Company overview
9.1.7.2. Financial performance
9.1.7.3. Product benchmarking
9.1.7.4. Strategic initiatives
9.1.8. DXC Technology Company
9.1.8.1. Company overview
9.1.8.2. Financial performance
9.1.8.3. Product benchmarking
9.1.8.4. Strategic initiatives
9.1.9. IBM
9.1.9.1. Company overview
9.1.9.2. Financial performance
9.1.9.3. Product benchmarking
9.1.9.4. Strategic initiatives
9.1.10. Rapid7
9.1.10.1. Company overview
9.1.10.2. Financial performance
9.1.10.3. Product benchmarking
9.1.10.4. Strategic initiatives

List of Tables

Table 1 List of Abbreviation
Table 2 Cyber security services market, 2016 - 2028 (USD Million)
Table 3 Cyber security services market, by region, 2016 - 2028 (USD Million)
Table 4 Cyber security services market, by service type, 2016 - 2028 (USD Million)
Table 5 Cyber security services market, by professional services, 2016 - 2028 (USD Million)
Table 6 Cyber security services market, by managed services, 2016 - 2028 (USD Million)
Table 7 Cyber security services market, by industry verticals, 2016 - 2028 (USD Million)
Table 8 Global cyber security services market, by region, 2016 - 2028 (USD Million)
Table 9 Global professional services market, by region, 2016 - 2028 (USD Million)
Table 10 Global managed services market, by region, 2016 - 2028 (USD Million)
Table 11 Global IT & telecom market, by region, 2016 - 2028 (USD Million)
Table 12 Global retail market, by region, 2016 - 2028 (USD Million)
Table 13 Global BFSI market, by region, 2016 - 2028 (USD Million)
Table 14 Global healthcare market, by region, 2016 - 2028 (USD Million)
Table 15 Global defense/government market, by region, 2016 - 2028 (USD Million)
Table 16 Global energy market, by region, 2016 - 2028 (USD Million)
Table 17 Global manufacturing market, by region, 2016 - 2028 (USD Million)
Table 18 Global others market, by region, 2016 - 2028 (USD Million)
Table 19 North America cyber security services market, by service type, 2016 - 2028 (USD Million)
Table 20 North America cyber security services market, by professional services, 2016 - 2028 (USD Million)
Table 21 North America cyber security services market, by managed services, 2016 - 2028 (USD Million)
Table 22 North America cyber security services market, by industry verticals, 2016 - 2028 (USD Million)
Table 23 U.S. cyber security services market, by service type, 2016 - 2028 (USD Million)
Table 24 U.S. cyber security services market, by professional services, 2016 - 2028 (USD Million)
Table 25 U.S. cyber security services market, by managed services, 2016 - 2028 (USD Million)
Table 26 U.S. cyber security services market, by industry verticals, 2016 - 2028 (USD Million)
Table 27 Canada cyber security services market, by service type, 2016 - 2028 (USD Million)
Table 28 Canada cyber security services market, by professional services, 2016 - 2028 (USD Million)
Table 29 Canada cyber security services market, by managed services, 2016 - 2028 (USD Million
Table 30 Canada cyber security services market, by industry verticals, 2016 - 2028 (USD Million)
Table 31 Europe cyber security services market, by service type, 2016 - 2028 (USD Million)
Table 32 Europe cyber security services market, by professional services, 2016 - 2028 (USD Million)
Table 33 Europe cyber security services market, by managed services, 2016 - 2028 (USD Million
Table 34 Europe cyber security services market, by industry verticals, 2016 - 2028 (USD Million)
Table 35 U.K. cyber security services market, by service type, 2016 - 2028 (USD Million)
Table 36 U.K. cyber security services market, by professional services, 2016 - 2028 (USD Million)
Table 37 U.K. cyber security services market, by managed services, 2016 - 2028 (USD Million
Table 38 U.K. cyber security services market, by industry verticals, 2016 - 2028 (USD Million)
Table 39 Germany cyber security services market, by service type, 2016 - 2028 (USD Million)
Table 40 Germany cyber security services market, by professional services, 2016 - 2028 (USD Million)
Table 41 Germany cyber security services market, by managed services, 2016 - 2028 (USD Million
Table 42 Germany cyber security services market, by industry verticals, 2016 - 2028 (USD Million)
Table 43 Asia Pacific cyber security services market, by service type, 2016 - 2028 (USD Million)
Table 44 Asia Pacific cyber security services market, by professional services, 2016 - 2028 (USD Million)
Table 45 Asia Pacific cyber security services market, by managed services, 2016 - 2028 (USD Million
Table 46 Asia Pacific cyber security services market, by industry verticals, 2016 - 2028 (USD Million)
Table 47 China cyber security services market, by service type, 2016 - 2028 (USD Million)
Table 48 China cyber security services market by professional services, 2016 - 2028 (USD Million)
Table 49 China cyber security services market, by managed services, 2016 - 2028 (USD Million
Table 50 China cyber security services market, by industry verticals, 2016 - 2028 (USD Million)
Table 51 India cyber security services market, by service type, 2016 - 2028 (USD Million)
Table 52 India cyber security services market by professional services, 2016 - 2028 (USD Million)
Table 53 India cyber security services market, by managed services, 2016 - 2028 (USD Million
Table 54 India cyber security services market, by industry verticals, 2016 - 2028 (USD Million)
Table 55 Japan cyber security services market, by service type, 2016 - 2028 (USD Million)
Table 56 Japan cyber security services market, by professional services, 2016 - 2028 (USD Million)
Table 57 Japan cyber security services market, by managed services, 2016 - 2028 (USD Million
Table 58 Japan cyber security services market, by industry verticals, 2016 - 2028 (USD Million)
Table 59 Latin America cyber security services market, by service type, 2016 - 2028 (USD Million)
Table 60 Latin America cyber security services market, by professional services, 2016 - 2028 (USD Million)
Table 61 Latin America cyber security services market, by managed services, 2016 - 2028 (USD Million
Table 62 Latin America cyber security services market, by industry verticals, 2016 - 2028 (USD Million)
Table 63 Brazil cyber security services market, by service type, 2016 - 2028 (USD Million)
Table 64 Brazil cyber security services market, by professional services, 2016 - 2028 (USD Million)
Table 65 Brazil cyber security services market, by managed services, 2016 - 2028 (USD Million
Table 66 Brazil cyber security services market, by industry verticals, 2016 - 2028 (USD Million)
Table 67 Mexico cyber security services market, by service type, 2016 - 2028 (USD Million)
Table 68 Mexico cyber security services market, by professional services, 2016 - 2028 (USD Million)
Table 69 Mexico cyber security services market, by managed services, 2016 - 2028 (USD Million
Table 70 Mexico cyber security services market, by industry verticals, 2016 - 2028 (USD Million)
Table 71 MEA cyber security services market, by service type, 2016 - 2028 (USD Million)
Table 72 MEA cyber security services market, by professional services, 2016 - 2028 (USD Million)
Table 73 MEA cyber security services market, by managed services, 2016 - 2028 (USD Million
Table 74 MEA cyber security services market, by industry verticals, 2016 - 2028 (USD Million)

List of Figures

Fig. 1 Market research process
Fig. 2 Information procurement
Fig. 3 Market snapshot
Fig. 4 cyber security services market, 2016 - 2028 (USD Million)
Fig. 5 Market segmentation and scope
Fig. 6 Value chain analysis
Fig. 7 Market penetration & growth prospect mapping
Fig. 8 PEST Analysis
Fig. 9 Porter’s five forces analysis
Fig. 10 Key company market ranking analysis, 2020
Fig. 11 Services segment analysis & market share, 2020 & 2028
Fig. 12 Professional services segment analysis & market share, 2020 & 2028
Fig. 13 Managed services segment analysis & market share, 2020 & 2028
Fig. 14 Industry verticals segment analysis & market share, 2020 & 2028
Fig. 15 Regional segment analysis & market share, 2020 & 2028

Companies Mentioned

Accenture
AT&T
Atos SE
Capgemini
Cisco
CrowdStrike
Deloitte Touche Tohmatsu Limited
DXC Technology Company
IBM
Rapid7

Methodology

LOADING...

Table Information

Report Attribute	Details
No. of Pages	105
Published	April 2021
Forecast Period	2021 - 2028
Estimated Market Value ( USD ) in 2021	$ 97.84 Billion
Forecasted Market Value ( USD ) by 2028	$ 192.7 Billion
Compound Annual Growth Rate	10.2%
Regions Covered	Global
No. of Companies Mentioned	10

PURCHASE OPTIONS

Single User License PDF

1 - 5 User License PDF

Enterprise License PDF

need a quote ?

License	Format	Properties	Price
SINGLE USER LICENSE PDF	The product is a PDF.	This is a single user license, allowing one user access to the product.	€4756EUR$4,950USD£4,083GBP
1 - 5 USER LICENSE PDF	The product is a PDF.	This is a 1-5 user license, allowing up to five users have access to the product.	€5717EUR$5,950USD£4,908GBP
ENTERPRISE LICENSE PDF	The product is a PDF.	This is an enterprise license, allowing all employees within your organization access to the product.	€7639EUR$7,950USD£6,557GBP

Cyber Security Services Market Report Highlights

Table of Contents

Companies Mentioned

Methodology

Table Information

Related Topics

Related Reports

Cyber Security Market Report 2023-2033

North America Cyber Security - Market Share Analysis, Industry Trends & Statistics, Growth Forecasts 2019 - 2029

APAC Cybersecurity - Market Share Analysis, Industry Trends & Statistics, Growth Forecasts 2019 - 2029

Managed Cyber Security Services - Global Strategic Business Report

Global Managed Security Services Market by Service Type (Managed IAM, MDR, Managed SIEM, Log Management), Type (Fully Managed & Co-managed), Security Type (Network, Cloud, Endpoint, Application), Organization Size, Vertical, & Region - Forecast to 2028