Research for WA's second edition of the "Cyber Security Industry Technology Analysis" began in April 2021
building on the analysis from the previous year and data collection from April 2019 The research process included
updating WA's industry database holds financial and product data for over 2 000 cyber security vendors and
service providers Data was generated through using secondary information sources, analyst briefings from leading
vendors, informal meetings with smaller start ups and attendance at a wide range of industry events from
exhibitions to specialist cyber security shows.
The data analysis began in February July 2021 and was concluded in September 2021 The analysis is the second
edition of WA's analysis of the global cyber security market.
- Global Cyber Security Market Size by Technology
- Global Cyber Security Market Forecast 2018 2025 by Technology & Service
- Identification of over 95% of the industry supply base
- Evaluation of historical expenditure and growth of technology and services from 2017 to 2020.
- Evaluation of technology and service lifecycle maturity
- Identification of the industry forces influencing cyber expenditure and the statistical relationship between them
- Application of industry forces and lifecycle analysis to an industry forecast model
- Investment in cyber security increased in 2020. Expenditure on products and services reached $139.8bn.
- Expenditure on all technology categories increased due to the strong underlying industry forces influencing security investme nt. These include Growing Risk, High Digital Investment, the Strengthening Regulatory Environment, Business Models and Innovation Trend s.
- The security threat and risk is expected to remain high throughout the forecast period and will result in continued investmen t i n security technology and services. WA expects investment to almost double by 2025, reaching $260bn.
- High growth segments include the Internet of Things, Operational Technology Security and Cloud Security. However, all securit y t echnology segments and services are expected to attract higher investment.
- Zero Trust implementation has now become a mainstream security architecture framework. Although the principles are widely kno wn, implementation is not widespread. WA expects further investment in identity and authentication technologies as organisations transform their security architecture.
- Vendors are expected to continue the trend of increasing the number of security functionalities that can be offered in integr ate d platforms. This includes technologies ranging from identity to protection, detection and response.
- The high growth SD WAN market will result in an increasing number of vendors bringing cloud security services together in a single platform, including cloud firewalls , web gateways and security policy enforcement.