Cybersecurity - Thematic Research

The cybersecurity landscape is complex. Today's always-connected world offers a myriad of opportunities for cyberattackers to disrupt countries, organizations, and individuals. Maintaining the security of IT systems is a constant struggle for organizations of all types. Cyberattacks are frequent and increasingly complex, perpetrated by those furthering a geopolitical cause or attackers intent on making money. State-sponsored attacks are a significant risk. No one-not even security providers themselves-is safe from attack. Companies manage an array of assets, including infrastructure, applications, managed and unmanaged endpoints, mobile devices, and cloud services-all of which are under threat. New vulnerabilities can be uncovered at any time, and there is also the worry of an insider attack.

Key Highlights

• In 2021, enterprises invested more in cybersecurity and cloud architecture due to employees working remotely during the pandemic. This also sparked an M&A boom in the tech sector. Most cybersecurity M&A deals in 2021 were related to managed security services, network security, endpoint security, identity management, and cloud security. Microsoft, which bought cloud infrastructure company CloudKnox, threat intelligence and attack service management firm RiskIQ, and Internet of Things (IoT) security company ReFirm Labs, was one of the leading acquirers in 2021. Google added to its security capabilities by buying Mandiant (formerly FireEye) for $5.4 billion in March 2022, not long after purchasing threat detection firm Siemplify.
• Securing hybrid working, coping with ransomware and continuing supply chain threats, and moving to a zero-trust security model as a long-term solution to data breaches will drive strong security growth over the next three years. Innovation will be needed to counter the continuously evolving cyberthreat landscape that includes the fallout from the Ukraine-Russia conflict. According to GlobalData estimates, the global cybersecurity industry will grow from $125.5 billion in 2020 to $198.0 billion in 2025 at a compound annual growth rate (CAGR) of 9.5%.

Scope

• This report provides an overview of the cybersecurity theme.
• It identifies the key trends impacting growth of the theme over the next 12 to 24 months, split into three categories: technology trends, macroeconomic trends, and regulatory trends.
• It includes comprehensive industry analysis, including market size forecasts for cybersecurity and analysis of patents, company filings, hiring, and social media trends.
• It contains details of M&A deals driven by the cybersecurity theme, and a timeline highlighting milestones in the development of cybersecurity.
• The detailed value chain is split into three main areas: hardware, software, and services. The hardware segment includes chip-based security. The software segment includes identity management, network security, endpoint security, threat detection and response, cloud security, data security, email security, application security, unified threat management, and vulnerability management. The services segment includes managed security services, post-breach response services, and risk and compliance services.

Reasons to Buy

• In a little over a decade, according to the World Economic Forum (WEF) Global Risks Report, cybercrime has moved from being a specialist crime to one of the most significant strategic risks facing the world today. This report provides an invaluable guide to this extremely disruptive theme. It includes comprehensive lists of the leading players across all aspects of the cybersecurity value chain, helping companies identify the right partners.
• The report also includes a guide to the major threat actors and looks at the main types of cyberattack, from un-targeted attacks like phishing to targeted attacks like distributed denial of service (DDoS).