PUBLISHER: BCC Research | PRODUCT CODE: 1071525
PUBLISHER: BCC Research | PRODUCT CODE: 1071525
The global cybersecurity technologies market should reach $367.3 billion by 2026 from $205.4 billion in 2021 at a compound annual growth rate (CAGR) of 12.3% for the forecast period of 2021 to 2026.
The network security segment of the global cybersecurity technologies market is expected to grow from $60.7 billion in 2021 to $106.9 billion in 2026 at a CAGR of 12.0% for the forecast period of 2021 to 2026.
The cloud security segment of the global cybersecurity technologies market is expected to grow from $30.2 billion in 2021 to $59.8 billion in 2026 at a CAGR of 14.7% for the forecast period of 2021 to 2026.
The scope of the report encompasses various technologies used in cybersecurity applications and deployment types. The market is divided on the basis of enterprise size. Applications for the market are segmented into BFSI, defense and intelligence, healthcare, retail, IT and telecommunications, government, and others, which includes the education and manufacturing sectors. The present cybersecurity market offers an opportunity to stakeholders largely because of a surge in cloud-based services and the increased use of the internet for online financial transactions.
This report highlights different solutions in the cybersecurity market, which include identity and access management (IAM), encryption, data loss protection (DLP), firewalls, antivirus and antimalware, disaster recovery, risk and compliance management, and other solutions. Other types of solutions include unified threat management (UTM), distributed denial of service mitigation and web filtering. In addition, the report offers major regional analysis of North America, Europe, Asia-Pacific, the Middle East and Africa. The estimated and forecast market revenue considered in this report is the summation of prices for software, hardware and subscription services.
This report also offers insights on drivers, restraints and opportunities for the market, which was gathered through primary and secondary research. Strategies adopted by companies in the cybersecurity market are provided so readers can analyze ongoing trends in the market. The report provides market share analyses and key vendor profiles for the top cybersecurity companies.
COVID-19 has had a massive impact on society since the start of 2020. This report considers the impact of COVID-19 and the economic slowdown it created. With people relying more on technology, cyberattacks have increased. It is expected that the demand for cybersecurity solutions will increase and boost the cybersecurity market.
Figure A : Research Methodology