Cybersecurity Market by Security Type, Product Type, Deployment Mode, End User

List of Tables

[189 Pages Report] The Cybersecurity Market size was estimated at USD 232.95 billion in 2023 and expected to reach USD 255.30 billion in 2024, at a CAGR 10.08% to reach USD 456.36 billion by 2030.

The cybersecurity market encompasses various products, services, and solutions designed to protect digital devices, networks, applications, and sensitive information from unauthorized access or attacks. The increasing consumer reliance on digital and smart devices worldwide has led to numerous growth factors for the cybersecurity market. The improved utilization of internet and blockchain services in banking and financial institutions has enhanced the adoption of cybersecurity solutions. The increasing number of data centers worldwide created a surge in demand for cybersecurity services. However, lack of skilled personnel for the implementation & maintenance of cybersecurity solutions has been a constricting factor for the market. The data privacy issues and regulations related to user safety may be a challenging factor for the adoption of cybersecurity services. Moreover, the integration of AI and ML in cybersecurity services and the utilization of cybersecurity for cloud computing purposes are expected to generate opportunities for market growth in the forecast period.

KEY MARKET STATISTICS
Base Year [2023]	USD 232.95 billion
Estimated Year [2024]	USD 255.30 billion
Forecast Year [2030]	USD 456.36 billion
CAGR (%)	10.08%

Offering: Significance of Services & Solutions

Firewalls, antivirus software, and intrusion detection systems act as an access barrier between trusted and untrusted networks, preventing unauthorized access and malicious traffic from penetrating the network. Identity & access management helps prevent unauthorized access and protect sensitive information while ensuring compliance with data protection regulations. Threat detection & response tools employ advanced analytics and machine learning to detect, analyze, and respond to potential threats in real-time, enabling proactive defense strategies to minimize the impact of cyber attacks. Additionally, cybersecurity services monitor, manage, and respond to incidences of security breach, allowing businesses to focus on their operations while benefiting from expert cybersecurity support.

Security Type: Extensive Emergence of Cloud Security

Network security is vital for protecting the availability and confidentiality of information transmitted and stored across networks. Network security encompasses various technologies, processes, and policies designed to safeguard communication channels from unauthorized access and malware attacks. The importance of cloud security has increased with the rapid worldwide adoption of cloud computing services by enterprises for cost savings and increased flexibility in managing IT resources. Application security deals with identifying and mitigating security risks within software applications during their development, deployment, and maintenance stages. Data security ensures confidentiality, integrity, and availability of sensitive information for regulatory compliance and maintaining trust with customers and partners.

Industry Vertical: Diverse Applications Across Industries

In healthcare, cybersecurity is crucial in safeguarding sensitive patient data, medical records, and intellectual property. A breach in healthcare cybersecurity may have severe consequences for patients' privacy and care delivery, resulting in financial losses and reputational damage for healthcare providers. Cybersecurity is a top priority for governments worldwide as they strive to protect their nation's critical infrastructure, such as transportation systems, water supply networks, and power grids, from cyberattacks. The energy sector faces unique cybersecurity challenges due to its reliance on complex operational technology (OT) systems that interact with physical equipment like power plants or substations. Manufacturing organizations are adopting cybersecurity solutions due to increased cyber threats targeting intellectual property, trade secrets, or production processes.

Organization Size: Implementation of Cybersecurity Solutions in Businesses

For Small & Medium Enterprises (SMEs), cybersecurity services are crucial due to the lack of financial resources and in-house expertise to combat cyber threats effectively. Cybersecurity services offer SMEs protection from online threats such as ransomware, phishing attacks, malware infections, DDoS attacks, and data breaches. Large enterprises focus on implementing cybersecurity solutions due to their complex IT infrastructure and protect high-value assets from sophisticated attackers.

Regional Insights

The Americas has a highly developed infrastructure for cybersecurity solutions due to the presence of significant market players. Countries, including the United States and Canada, have been actively enhancing its cybersecurity posture through collaborative efforts between government organizations and industry partners. The European Union's approach towards cybersecurity is marked by a strong focus on data privacy as exemplified by regulations like the General Data Protection Regulation (GDPR). The market players are expanding their services in the region, abiding by the strict governmental rules regarding the protection of user data. China, Japan, and India are major countries in the APAC region focused on exerting substantial state control over their digital ecosystem to develop a comprehensive cyberspace strategy for market growth.

FPNV Positioning Matrix

The FPNV Positioning Matrix is pivotal in evaluating the Cybersecurity Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Cybersecurity Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Key Company Profiles

The report delves into recent significant developments in the Cybersecurity Market, highlighting leading vendors and their innovative profiles. These include Accenture PLC, ALSTOM Transport SA, Capgemini SE, Cato Networks Ltd., Check Point Software Technologies Ltd, Cisco Systems, Inc., Cyber Ark Software Ltd, Denso Corporation, FireEye Security Holdings US LLC, Fortinet, Inc., Imperva Inc., International Business Machines Corporation, Juniper Networks, Inc., Palo Alto Networks, Inc., ProofPoint Inc., Rapid7 Inc., and Trend Micro Incorporated.

Market Segmentation & Coverage

This research report categorizes the Cybersecurity Market to forecast the revenues and analyze trends in each of the following sub-markets:

Security Type
- Application Security
- Cloud Security

Product Type
- Services
  - Consulting Services
  - Managed Security Services
  - Professional Services

Solutions
- DDoS Mitigation
- Email Security
- Endpoint Security
- Identity & Access Management
- Intrusion Detection System
- IoT Security
- Next-Generation Firewall
- Security & Vulnerability Management
- Security Information & Event Management
- Threat Detection & Prevention

Deployment Mode
- Cloud
- On-Premise

End User
- Aerospace, Defense & Intelligence
- Banking, Financial Services & Insurance
- Healthcare
- IT & Telecommunication
- Manufacturing
- Public Sector
- Public Utility
- Retail

Region
- Americas
  - Argentina
  - Brazil
  - Canada
  - Mexico
  - United States
    - California
    - Florida
    - Illinois
    - New York
    - Ohio
    - Pennsylvania
    - Texas
- Asia-Pacific
  - Australia
  - China
  - India
  - Indonesia
  - Japan
  - Malaysia
  - Philippines
  - Singapore
  - South Korea
  - Taiwan
  - Thailand
  - Vietnam

Europe, Middle East & Africa
- Denmark
- Egypt
- Finland
- France
- Germany
- Israel
- Italy
- Netherlands
- Nigeria
- Norway
- Poland
- Qatar
- Russia
- Saudi Arabia
- South Africa
- Spain
- Sweden
- Switzerland
- Turkey
- United Arab Emirates
- United Kingdom

The report offers valuable insights on the following aspects:

1. Market Penetration: It presents comprehensive information on the market provided by key players.

2. Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.

3. Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.

4. Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.

5. Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.

The report addresses key questions such as:

1. What is the market size and forecast of the Cybersecurity Market?

2. Which products, segments, applications, and areas should one consider investing in over the forecast period in the Cybersecurity Market?

3. What are the technology trends and regulatory frameworks in the Cybersecurity Market?

4. What is the market share of the leading vendors in the Cybersecurity Market?

5. Which modes and strategic moves are suitable for entering the Cybersecurity Market?

Product Code: MRR-4348D129F9AB

1. Preface

1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Stakeholders

2. Research Methodology

2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update

3. Executive Summary

4. Market Overview

5. Market Insights

5.1. Market Dynamics
- 5.1.1. Drivers
  - 5.1.1.1. Growing consumer reliance on digital and smart devices
  - 5.1.1.2. Rising utilization of Internet and blockchain services in banking and financial institutions
  - 5.1.1.3. Increasing number of data centers across the world require cybersecurity services
- 5.1.2. Restraints
  - 5.1.2.1. Lack of skilled personnel
- 5.1.3. Opportunities
  - 5.1.3.1. Integration of AI and ML in Cybersecurity Services
  - 5.1.3.2. Utilization of cybersecurity for cloud computing purposes
- 5.1.4. Challenges
  - 5.1.4.1. Data privacy issues and regulations
5.2. Market Segmentation Analysis
- 5.2.1. Offering: Significance of Services & Solutions
- 5.2.2. Security Type: Extensive Emergence of Cloud Security
- 5.2.3. Industry Vertical: Diverse Applications Across Industries
- 5.2.4. Organization Size: Implementation of Cybersecurity Solutions in Businesses
5.3. Market Disruption Analysis
5.4. Porter's Five Forces Analysis
- 5.4.1. Threat of New Entrants
- 5.4.2. Threat of Substitutes
- 5.4.3. Bargaining Power of Customers
- 5.4.4. Bargaining Power of Suppliers
- 5.4.5. Industry Rivalry
5.5. Value Chain & Critical Path Analysis
5.6. Pricing Analysis
5.7. Technology Analysis
5.8. Patent Analysis
5.9. Trade Analysis
5.10. Regulatory Framework Analysis

6. Cybersecurity Market, by Security Type

6.1. Introduction
6.2. Application Security
6.3. Cloud Security

7. Cybersecurity Market, by Product Type

7.1. Introduction
7.2. Services
7.3. Solutions

8. Cybersecurity Market, by Deployment Mode

8.1. Introduction
8.2. Cloud
8.3. On-Premise

9. Cybersecurity Market, by End User

9.1. Introduction
9.2. Aerospace, Defense & Intelligence
9.3. Banking, Financial Services & Insurance
9.4. Healthcare
9.5. IT & Telecommunication
9.6. Manufacturing
9.7. Public Sector
9.8. Public Utility
9.9. Retail

10. Americas Cybersecurity Market

10.1. Introduction
10.2. Argentina
10.3. Brazil
10.4. Canada
10.5. Mexico
10.6. United States

11. Asia-Pacific Cybersecurity Market

11.1. Introduction
11.2. Australia
11.3. China
11.4. India
11.5. Indonesia
11.6. Japan
11.7. Malaysia
11.8. Philippines
11.9. Singapore
11.10. South Korea
11.11. Taiwan
11.12. Thailand
11.13. Vietnam

12. Europe, Middle East & Africa Cybersecurity Market

12.1. Introduction
12.2. Denmark
12.3. Egypt
12.4. Finland
12.5. France
12.6. Germany
12.7. Israel
12.8. Italy
12.9. Netherlands
12.10. Nigeria
12.11. Norway
12.12. Poland
12.13. Qatar
12.14. Russia
12.15. Saudi Arabia
12.16. South Africa
12.17. Spain
12.18. Sweden
12.19. Switzerland
12.20. Turkey
12.21. United Arab Emirates
12.22. United Kingdom

13. Competitive Landscape

13.1. Market Share Analysis, 2023
13.2. FPNV Positioning Matrix, 2023
13.3. Competitive Scenario Analysis
- 13.3.1. Conceal Announces Expansion into Japan with SentryMark Partnership: An Unparalleled Cybersecurity Collaboration to Stay Ahead of Emerging Threats
- 13.3.2. Cisco to Buy Cybersecurity Firm Splunk for USD 28 Billion
- 13.3.3. Honeywell to Acquire SCADAfence, Strengthening its Cybersecurity Software Portfolio
13.4. Strategy Analysis & Recommendation

14. Competitive Portfolio

14.1. Key Company Profiles
14.2. Key Product Portfolio