Market Research Report
Global Cyber Security Market Analysis
|Published by||Westlands Advisory Ltd||Product code||933625|
|Published||Content info||89 Slides
Delivery time: 1-2 business days
|Global Cyber Security Market Analysis|
|Published: April 30, 2020||Content info: 89 Slides||
Insight into future growth scenarios to support strategic planning and investment decisions
The economic crisis and business uncertainty resulting from the coronavirus pandemic is likely to result in a contraction of cyber security expenditure in 2020 before a return to positive growth in 2021. The global market for cyber security technologies and services was $115.4 billion in 2018 and grew to $128.6 billion in 2019. WA currently forecasts that the market will grow at a slower average rate of 6.2% per year to 2023 due to the economic consequences of the coronavirus pandemic in 2020.
Research for Cyber Security Market Outlook began in April 2019. The research process included building an industry database that captures financials and products for over 1,800 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 2020 and was concluded in April 2020.