CyberSecurity Market Research Report by Forecast to 2025Posted by Kiran on February 18th, 2020 CyberSecurity Market Scenario: The global cybersecurity market is estimated to register a CAGR of 10.5% over the forecast period. Market Research Future (MRFR) recently published their latest report on cybersecurity market which states that it is bound to garner a market revenue valuation of USD 199.98% billion by the end of the forecast period. cybersecurity is a combination of various technologies and processes that are deisgned for shielding networks, devices, as well as data, from a cyber attack or unauthorized access. Cybersecurity is also called as information technology security. Speedy deployment of web and cloud-based applications is one of the factors that is boosting market growth over the forecast period. Growing need from enterprises for the reduction of risks and stringent compliance and regulatory requirements are also expected to supplement cybersecurity market share for cybersecurity over the forecast period. A climb in the frequency of cyber-attacks on a global scale is one of the most primary factors driving the global cybersecurity market. However, limitations on security budget in small and medium enterprises are bound to hamper market growth over the forecast period. Upscaling demand for cybersecurity solutions and services from the banking financial services and insurance (BFSI), IT and telecommunication, and many other verticals has opened new growth prospects for the vendors functioning in the global cybersecurity market, fostering massive growth.
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Major Key Players: Some distinguished players in the global cybersecurity market include Intel Corporation (US), Symantec Corporation (US), HP Enterprise (US), IBM Corporation (US), Cisco Systems, Inc. (US), Rapid7, Inc. (US), EMC RSA (US), FireEye, Inc. (US), Trend Micro, Inc. (Japan), Sophos Ltd. (UK), SecureWorks, Inc. (Dell Technologies) (US), Imperva (US), BAE Systems (UK), Carbon Black, Inc. (US), and Akamai Technologies (US).
Market Segmentation: The global cybersecurity market is segmented by component, organization size, deployment, security type, vertical, and region. Such segmentation has enabled the research experts at Market Research Future (MRFR) to inculcate a detailed analysis of the global cybersecurity market in the report to aid in better understanding of the landscape and faster decision making of the audience to this report.
Detailed Regional Analysis: The global cybersecurity market is segmented into the regions of North America, South America, the Middle East & Africa, Asia Pacific, and Europe. North America held the largest share of the global cybersecurity market at the beginning of the forecast period. This market dominion can be owed to the enterprises deploying cybersecurity solutions as the number of cyberattacks rise rapidly. The US is estimated to lead the country-specific market for cybersecurity over the forecast period. Asia Pacific is anticipated to witness fast paced ascension in cybersecurity market during the forecast period. This is attributable to the rising need to prevent enterprises from cyberthreats. Further, rising application in various verticals is also boosting regional market growth. Industry Update: October 2019: Tines, a cybersecurity automation startup based in Dublin recently raised USD 4.1 million in Series a funding. About Market Research Future: At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services. Contact: Market Research Future Office No. 524/528, Amanora Chambers Magarpatta Road, Hadapsar Pune - 411028 Maharashtra, India +1 646 845 9312 Like it? Share it!More by this author |