Market Research Report
UK Cyber Security Market 2019-2025
|Published by||Orion Market Research Pvt Ltd||Product code||942971|
Delivery time: 2-3 business days
|UK Cyber Security Market 2019-2025|
|Published: February 24, 2020||Content info:||
UK Cyber Security Market Size, Share & Trends Analysis Report by Type (Network Security, Application Security, Mobile Security, Wireless Security, Cloud Security, and Others), the Solutions (Risk and Compliance Management, Identity and Access Management, Data Loss Protection, Firewall, Unified Threat Management, Encryption, Antimalware and Antivirus, DDOS mitigation, Others), and by Vertical (Government, Aerospace & Defense, BFSI, Telecommunication, Healthcare, Retail, and Others) Forecast Period 2019-2025
UK Cyber Security market is growing at a CAGR of around 11.8% during the forecast period. The UK is the third-largest economy after Germany and France in the Europe. The digitalization of banking, Insurance, and business services in the country are the key drivers for the growth of the economy. Along with the high internet penetration rate has been acting as the major motivator of the UK cyber security market.
The awareness of European firms is another major driver of the market's growth. Enterprises are getting awareness of the cybercrimes and the measures to protect their data and information from these attacks. A survey conducted by Institute for Criminal Justice Studies, University of Portsmouth 2016 - 2017 on 1523 business. About 74% of the UK considered cyber security as a high priority to them, while 31% takes it as of very high priority. Moreover, due to the severity of these attacks, the proportion for very low reduces to 7% which was 13% in 2016. Additionally, 67% of the business invested in cyber security out which 87% were medium size firms and 91% the as large firms.
In UK, the National Cyber Security Strategy was published which aims for key objectives including defend, detect and develop. According to strategy, defend aims to have the means to protect the UK against evolving cyber threats as well as to respond effectively to incidents. Moreover, it ensures the country's data, networks and systems are protected and resilient. While, detect involves understanding, investigating, and disrupting hostile action taken against of country. Therefore, it is estimated to augment the demand for cyber security tools in the UK cyber security market.
The market study of the UK Cyber Security market by extensive primary and secondary research conducted by the research team at OMR. Secondary research has defending to refine the available data to breakdown the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior and macro-economic factors. Numbers extracted from Secondary research have medium-size by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings authenticity to our reports.
Secondary Sources Include
The report provides an in-depth analysis of market size, intended quality of the service preferred by consumers. The report will serve as a source for a 360-degree analysis of the market thoroughly integrating different models.
The Report Covers: