San Francisco, 6 March 2019: The Report Cyber Security Market Size, Share & Trends Analysis Report By Component
(Solution, Services), By Security Type, By Solution, By Services, By
Deployment, By Application, And Segment Forecasts, 2018 - 2024
The global cyber security market is expected to reach USD 205.51 billion by 2024,
according to a new report by Grand View Research, Inc. The dependence of
enterprises on information technology and sensitive nature of digitally stored
data has raised the stake for cyber-attackers with financial gain becoming a
primary motive.
Solution providers are indulging in
research and development to develop next-generation security solutions. For
instance, Science Applications International Corporation (SAIC) has developed
an innovative cyber security technology that helps government protect critical
data, mitigate risks, and establish a comprehensive defense against
cyber-attacks. There is also a greater emphasis on the intelligence-led
security as conventional security technologies, such as web, content management
and network security, are failing to deliver the tracking of security
incidents.
The cyber security industry is expected to
witness high demand for cloud-based applications as government organizations
are opting for the cloud platform for data sharing.
Access Research Report of Cyber Security Market@ www.grandviewresearch.com/industry-analysis/cyber-security-market
Further key findings from the report suggest:
· The services segment is anticipated to grow
at a CAGR of over 12% from 2016 to 2024. The growing demand for
Security-as-a-Service (SaaS) and cloud-based solutions is expected to provide
growth opportunities
· Healthcare industry is expected to reach
over USD 30 billion by 2024. The health insurers are the prime target of the
cyber-attacks, such as Advanced Persistent Threats (APTs) and spear phishing.
The crimes and breaches in this sector are rising as the cost of stolen medical
record is increasing.
· The North American cybersecurity industry
is anticipated to reach over USD 61 billion by 2024. The increasing cybercrime
costs are enabling the region to focus on building a strong resilience system
for managing cybercrimes.
· MEA is expected to grow at a CAGR of over
12.5% from 2016 to 2024. The region is adopting digital technologies and
applications at a faster pace, increasing the risk of cyber-attacks. The
expansion of digitization throughout the region has made cybersecurity a
necessity for organizations.
· The major players in the cybersecurity
market include Fortinet Inc., Checkpoint Software Technologies Ltd, Cisco
Systems Inc., Trend Micro Inc. and Symantec Corporation. The companies in the
cyberspace are focusing on reducing the costs incurred in implementing security
strategies by moving from solution-based products to service offerings The
growing trend of security-as-a-service is increasing the adoption of services
and key players are integrating with major service providers to fulfill
consumer demand.
Browse more reports of this category by Grand View
Research at: www.grandviewresearch.com/industry/network-security-software-and-services
Grand View Research has segmented the cyber
security market on the basis of component, security type, solutions, services,
deployment, organization, application, and region:
Cyber security Component Outlook (Revenue,
USD Billion, 2014 - 2024)
·
Solution
·
Services
Cyber security Security Type Outlook
(Revenue, USD Billion, 2014 - 2024)
·
Enterprise security
·
Endpoint security
·
Cloud security
·
Network security
·
Application security
·
Others
Cyber security Solution Outlook (Revenue,
USD Billion, 2014 - 2024)
·
UTM
·
IDS/IPS
·
DLP
·
IAM
·
SIEM
·
DDoS
·
Risk and compliance
·
Others
Cyber security Services Outlook (Revenue,
USD Billion, 2014 - 2024)
·
Professional services
·
Managed services
Cyber security Deployment Outlook (Revenue,
USD Billion, 2014 - 2024)
·
Cloud
·
On-premise
Cyber security Organization Outlook
(Revenue, USD Billion, 2014 - 2024)
·
Small and medium enterprise
·
Large enterprises
Cyber security Application Outlook
(Revenue, USD Billion, 2014 - 2024)
·
IT & Telecom
·
Retail
·
BFSI
·
Healthcare
·
Defense/government
·
Automotive
·
Others
Cyber security Regional Outlook (Revenue,
USD Billion, 2014 - 2024)
·
North America
·
Europe
·
Asia Pacific
·
Latin America
·
MEA
Access Press Release of
Cyber Security Market@ www.grandviewresearch.com/press-release/global-cyber-security-market
About Grand View Research
Grand View Research, Inc. is a
U.S. based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides
syndicated research reports, customized research reports, and consulting
services. To help clients make informed business decisions, we offer market
intelligence studies ensuring relevant and fact-based research across a range
of industries, from technology to chemicals, materials and healthcare.
For More Information: www.grandviewresearch.com