Cybersecurity Market Global Analysis By product (Network Security, Identity and Access Management (IAM), Security and Vulnerability Management (SVM), End Point Security, Messaging Security, Web Security and Others) Services (Managed Security Services, Integrated Solutions, Security Consulting, Educations and Training) Industry Verticals (Government, Banking, Financial services and Insurance, Manufacturing, Information and Communication Technology(ICT), Retail, Healthcare, Others) Regions (North America, Europe, Asia Pacific and Others)
The Cybersecurity Market will be worth US$164 Billion by 2024. Cybersecurity helps an organization to check, identify, report, and counter cyber theft or damage to its electronic data. Globally, spending on Cybersecurity is growing as there is increase in cybercrimes and malware attack on governments, banking, financial services and insurance, healthcare, Information and Communication Technology (ICT) and retail companies.
Dangerous threats like Ransomware, malware, advanced cyber attacks launching at governments, businesses, educational institutions and consumers worldwide have increased the role of cybersecurity manyfold. The acceptance of Cybersecurity resolution is predicted to rise with the growing access of internet globally. In addition to this increasing wireless network of mobile devices have given rise to data susceptibility thus making Cybersecurity an even more important piece for every company and government.
The future of cybersecurity market looks promising due to rising security requirements of Internet of Things (IoT) and Bring Your Own Device (BYOD) trends such as smartphones, pads etc, and growing use of cloud based application will help in driving the cybersecurity market. Another factor which will also help cybersecurity market to grow are government initiatives, rising threats like Malware, ransomware etc, SMEs spending on cyber securities as well as growing threat of global cyber terrorism.
By product the Global Cyber Security Market is categorized into
- Network Security
- Identity and Access Management (IAM)
- Security and Vulnerability Management (SVM)
- End Point Security
- Messaging Security
- Web Security
- Others
By Services the Global Cyber Security Market is segmented into
- Managed Security Services
- Integrated Solutions
- Security Consulting
- Educations and Training
By Industry verticals the Global Cyber Security Market is segmented into
- Government
- Banking, Financial services and Insurance
- Manufacturing
- Information and Communication Technology (ICT)
- Retail
- Healthcare
- Others
By Region Global Cyber Security Market is segmented into
- North America
- Europe
- Asia Pacific (APAC)
- Rest of World
Table of Contents
Methodology
In this report, for analyzing the future trends for the studied market during the forecast period, the publisher has incorporated rigorous statistical and econometric methods, further scrutinized by secondary, primary sources and by in-house experts, supported through their extensive data intelligence repository. The market is studied holistically from both demand and supply-side perspectives. This is carried out to analyze both end-user and producer behavior patterns, in the review period, which affects price, demand and consumption trends. As the study demands to analyze the long-term nature of the market, the identification of factors influencing the market is based on the fundamentality of the study market.
Through secondary and primary researches, which largely include interviews with industry participants, reliable statistics, and regional intelligence, are identified and are transformed to quantitative data through data extraction, and further applied for inferential purposes. The publisher's in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. These analytical tools and models sanitize the data & statistics and enhance the accuracy of their recommendations and advice.
Primary Research
The primary purpose of this phase is to extract qualitative information regarding the market from the key industry leaders. The primary research efforts include reaching out to participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions. The publisher also established professional corporate relations with various companies that allow us greater flexibility for reaching out to industry participants and commentators for interviews and discussions, fulfilling the following functions:
- Validates and improves the data quality and strengthens research proceeds
- Further develop the analyst team’s market understanding and expertise
- Supplies authentic information about market size, share, growth, and forecast
The researcher's primary research interview and discussion panels are typically composed of the most experienced industry members. These participants include, however, are not limited to:
- Chief executives and VPs of leading corporations specific to the industry
- Product and sales managers or country heads; channel partners and top level distributors; banking, investment, and valuation experts
- Key opinion leaders (KOLs)
Secondary Research
The publisher refers to a broad array of industry sources for their secondary research, which typically includes, however, is not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Patent and regulatory databases for understanding of technical & legal developments
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic new articles, webcasts, and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecasts
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