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Global Cybersecurity Market By End Use, By Security, By Solutions Forecast to 2025, and Covid-19 Impact

Published: | Datamatics Business Solutions Ltd. | 129 Pages | Delivery time: 1-2 business days


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Global Cybersecurity Market By End Use, By Security, By Solutions Forecast to 2025, and Covid-19 Impact
Published: March 30, 2021
Datamatics Business Solutions Ltd.
Content info: 129 Pages
Delivery time: 1-2 business days
  • ALL
  • Description
  • Table of Contents

The global cybersecurity market is expected to grow from USD 129.1 billion in 2019 to USD 216.3 billion in 2025 at a CAGR of 11% from 2020 to 2025. Due to the COVID19, expenditure for cybersecurity software is expected to a little lower in 2020 from 2019 levels.

The global cyber security market is segmented based on security types, solution, end use industry vertical, and by region. In terms of security types, the market is segmented into network security, application security, cloud security, endpoint security and others (ICS Security and content security). Network security with 28% share in 2019, however, market with cloud security forecasted is projected to grow at the highest CAGR and become equally dominant by 2025. The cloud security solution is fueled by rising forays into the cloud space by small and medium organizations, especially in Asia Pacific region.

As per region, the global cyber security market size is analyzed across North America, Europe, Asia-Pacific, Middle East and Africa and Latin America. North America holds the highest share of the global IT spending primarily due to higher cloud adoption, and also it being the hub for all IT companies across the world. Asia Pacific is projected to be the highest fastest growing region by 2025. The growth in this region is primarily driven by the rapid digital transformation of the region, higher adoption of cloud and web-based applications, and increasing BYOD trends. Due to emergence of cloud technology and mandatory government regulations in China and India, the market is said to grow.

In terms of industry vertical, the market is segmented into Government and security, BFSI, healthcare, IT, telecom, utilities, manufacturing, and others. The banking and financial services sector is estimated to hold the largest share of the cybersecurity market in 2019, followed by information technology, and government and defense. With an The increasing number of cybercrimes activities, are compromising security of sensitive data such as personally identifiable information, commercial banking details, personal banking details, and the confidential corporate information is at a high risk. The growing volume of sensitive data across sectors is driving the demand for BFSI security solutions.

Cybersecurity solutions are used to secure the network infrastructure and the devices connected to it. The market is segmented by solution into Antivirus/ Antimalware, Encryption, Data Loss Prevention, Unified Threat Management, Firewall, Intrusion Detection System/Intrusion Prevention System, Disaster recovery, Web filtering, and others (Identity & Access Management, Security Information and Event Management and Distributed Denial-of-Service). Data Loss Prevention (DLP) solutions are is projected to be one among of the highest fastest growing solutions types. The major drivers of for the DLP solutions market include growth of enormous amount of accessed data and the need for to manage data security and addressing privacy concerns, regulations to increase the adoption of data protection solutions, and rising concerns of critical data loss in the on-premises various environments.

Table of Contents
Product Code: ICT101

Table of Contents

1. Introduction

  • 1.1. Objectives Of the Study & Summary
  • 1.2. Definitions and Market Scope
  • 1.3. Research Methodology

2. Executive Summary

3. Industry Overview

  • 3.1. Impact of COVID19 on the IT Industry
  • 3.2. Industrial sectors moving to digitalization
  • 3.3. IT spending across regions
  • 3.4. Market Dynamics
    • 3.4.1. Drivers to Cybersecurity
    • 3.4.2. Market Restraints
  • 3.5. Market and competitive landscape
    • 3.5.1. Cybersecurity value chain
    • 3.5.2. Global and regional players
    • 3.5.3. Market Ranking of key players
    • 3.5.4. Market developments
      • Mergers and acquisitions
      • New product launches
      • Business expansion initiatives

4. Cybersecurity market assessment (USD Million), 2019-2025

  • 4.1. Assessment by end user vertical
    • 4.1.1. Banking and financial Institutes
      • Market
      • COVID Impact on industry
    • 4.1.2. Utilities
      • Market
      • COVID Impact on industry
    • 4.1.3. Manufacturing
      • Market
      • COVID Impact on industry
    • 4.1.4. Healthcare
      • Market
      • COVID Impact on industry
    • 4.1.5. IT
      • Market
      • COVID Impact on industry
    • 4.1.6. Telecom
      • Market
      • COVID Impact on industry
    • 4.1.7. Defense and security
      • Market
      • COVID Impact on industry
    • 4.1.8. Others (retail, oil & gas, etc.)
      • Market
      • COVID Impact on industry
  • 4.2. Assessment by cybersecurity solution
    • 4.2.1. Antivirus/Antimalware
    • 4.2.2. Data Loss Prevention
    • 4.2.3. Disaster Recovery
    • 4.2.4. Encryption
    • 4.2.5. Firewall
    • 4.2.6. Intrusion Detection Systems/Intrusion Prevention Systems
    • 4.2.7. Threat Intelligence
    • 4.2.8. Unified Threat Management
    • 4.2.9. Web Filtering
    • 4.2.10. Others
  • 4.3. Assessment by Security Type
    • 4.3.1. Application Security
    • 4.3.2. Cloud Security
    • 4.3.3. Endpoint Security
    • 4.3.4. Network Security

5. Supplier profiles

  • 5.1. Broadcom Inc.
    • 5.1.1. Overview
    • 5.1.2. Product and service offerings
    • 5.1.3. Innovation and market development initiatives
  • 5.2. Hewlett Packard
  • 5.3. Check Point
  • 5.4. Cisco
  • 5.5. Fortinet
  • 5.6. IBM
  • 5.7. Microsoft
  • 5.8. McAfee
  • 5.9. Palo Alto Networks
  • 5.10. Sophos
  • 5.11. Splunk
  • 5.12. Trend Micro
  • 5.13. RSA Security

6. Appendix