Cyber Security Market 2021 Trends, Size, Share, Price Analysis and Forecast

Posted by kisan sahani on July 16th, 2021

Market Analysis

The Cyber Security Market is predicted to touch USD 199.98 billion at a 10.5% CAGR between 2018- 2025 states the recent Market Research Future (MRFR) analysis. Cyber Security is a combination of different processes and technologies that have been designed for shielding data, devices, and networks from unauthorized access or attack. It has extensive applications in aerospace and defense, government, retail, IT and telecommunication, healthcare, BFSI, manufacturing, and other sectors.

Various factors are propelling the global Cyber Security market share. As per the current MRFR report, such factors include the growing demand for enterprise mobility, increasing penetration of smartphones, rise in IoT devices that demand network security solutions, requirement amid organizations to reduce security risks, surging cases of cyber-attacks, and demand for Cyber Security during the ongoing COVID-19 outbreak for securing the virtual private network servers that are crucial for organizations having employees working from home.

On the contrary, limited security expenses among SMEs, lack of knowledge regarding IAM solutions, and lack of in-house expertise & IT resources are factors that may limit the global Cyber Security industry growth over the forecast period.

Key Players

Key players profiled in the global Cyber Security market report include Akamai Technologies (US), Carbon Black, Inc. (US), BAE Systems (UK), Imperva (US), SecureWorks, Inc. (Dell Technologies) (US), Sophos Ltd. (UK), Trend Micro, Inc. (Japan), FireEye, Inc. (US), EMC RSA (US), Rapid7, Inc. (US), Cisco Systems, Inc. (US), IBM Corporation (US), HP Enterprise (US), Symantec Corporation (US), and Intel Corporation (US).

Market Segmentation

The MRFR report provides an inclusive segmental analysis of the global Cyber Security market report based on vertical, security type, deployment model, organization size, and component.

By component, the global Cyber Security market is segmented into services and solutions. The solutions segment is again segmented into security information & event management, data loss prevention, web filtering, antivirus, firewall, disaster recovery, unified threat management, risk and compliance management, identity and access management, and others. The services segment is again segmented into professional services and managed services. The professional service is again segmented into design and integration, support and maintenance, consulting, and training & education. Of these, the services segment will lead the market over the forecast period.

By security type, the global Cyber Security market is segmented into large enterprise and small & medium-sized enterprise (SME). Of these, the large enterprise segment will spearhead the market over the forecast period.

By organization size, the global Cyber Security market is segmented into wireless security, cloud security, application security, endpoint security, network security, and others.

By deployment model, the global Cyber Security market is segmented into on-premise and cloud. Of these, the cloud segment will dominate the market over the forecast period.

By vertical, the global Cyber Security market is segmented into aerospace and defense, government, retail, IT and telecommunication, healthcare, BFSI, manufacturing, and others. Of these, the government segment will have a major share in the market over the forecast period.

Report Details @ https://www.marketresearchfuture.com/reports/global-cyber-security-market-875