Cyber Security Market
Global Cyber Security Market Size, Share & Trends Analysis Report by Type (Network Security, Application Security, Mobile Security, Wireless Security, and Others), by Component (Solution and Service), and by Vertical (Government, Aerospace & Defense, BFSI, Travel & Transportation, Telecommunication, Healthcare, Retail, Manufacturing, and Others) Forecast Period (2022-2028) Update Available - Forecast 2024-2030
The global cyber security market is anticipated to grow at a CAGR of 11.1% during the forecast period. The global cyber security market is growing at a modest rate due to the rise in cyber-attacks. According to Cisco data, the distributed denial-of-service (DDoS) attacks were more than 7.9 million in 2018 which is estimated to grow to 15.4 million by 2023. Additionally, according to IBMs, Cyber security report, 2021 IBM, the average data breach recorded a significant hit in the past 17 years, reaching $3.86 million to $4.24 million. Cyber-attacks are major threats, especially for high-priority areas such as government agencies, defense, and aerospace. Governments globally have strict cyber security laws which protect the data and privacy of individuals and organizations. Such regulations are driving the market. Many companies have emerged which are providing cyber security solutions and services.
Impact of COVID-19 Pandemic on Global Cyber Security Market
The COVID-19 pandemic had a positive impact on the global cyber security market. The rapid adoption of transformation strategies due to COVID-19 has instantly increased the need for online operations of the business, thereby fueling the need for cyber security. Additionally, with the emergence of remote work and collaboration, cyber security has appeared as a significant need to protect data and breaches. Furthermore, the pandemic has acted as a catalyst for a surge in demand for cyber security which in turn boosted the growth of the market.
Segmental Outlook
The global cyber security market is segmented based on type, component, and vertical. Based on the type, the market is segmented into network security, application security, mobile security, wireless security, and others. Based on the component, the market is sub-segmented into solutions (disaster recovery, anti-malware & anti-virus, mobile device management, firewalls, authentication & authorization, intrusion detection & protection systems (ID/ID systems), network access control, data loss prevention, encryption, DDOS mitigation, security information & event management (SIEM), whitelisting) and services (consulting services, network vulnerability assessment, managed security services, design & integration). Further, based on the vertical, the market is segmented into government, aerospace & defense, BFSI, travel & transportation, telecommunication, healthcare, retail, manufacturing, and others.
Global Cyber Security Market Share by Component, 2021 (%)
The Service Segment is Expected to Hold a Prominent Share in the Global Cyber Security Market
Based on the component, the service segment is expected to hold a prominent share of the cyber security market during the forecast period. This is attributed to the increasing demand for cyber security services such as consulting, design, and implementation, among others. The demand for services is directly related to the adoption level of cybersecurity solutions. Further, various vendors are offering cybersecurity hardware associated with services that aid organizations to implement the required solution in their infrastructure. For instance, in September 2021, IBM successfully developed the Urban Guard - Stolen Vehicle Help service with the help of Mercedes in the Mercedes me app to assist in the recovery of stolen cars and find them.
Regional Outlook
The global cyber security market is further segmented based on geography including North America (the US, and Canada), Europe (UK, Germany, Italy, Spain, France, and Others), Asia-Pacific (India, China, Japan, South Korea, and Others), and the Rest of the World (the Middle East & Africa, and Latin America). Asia-Pacific is anticipated to grow during the forecast period due to the growing demand for cyber security due to the growing IT industry in the region.
Global Cyber Security Market Growth by Region, 2022-2028
The North America Region is Anticipated to Hold a Prominent Share in the Global Cyber Security Market
The North American region is anticipated to hold a prominent share in the cyber security market. The major factor driving the growth of the market in the region due to the highly developed IT industry. Additionally, countries such as the US and Canada are home to the largest companies in terms of revenue including IBM Corp., Google LLC, Microsoft Corp., Meta, Apple Inc., and other major companies. Such factors are expected to drive the growth of the market across the globe.
Market Players Outlook
The major companies serving the global cyber security market include Cisco Systems Inc., IBM Corp., CheckPoint Inc., Trend Micro, and Microsoft Corp. among others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers and acquisitions, partnerships, geographical expansion, and collaborations to stay competitive in the market. For instance, in April 2021, IBM Security announced its collaboration with HCL to help unify and streamline threat management for clients through a modernized Security Operation Center (SOC) platform.
The Report Covers
- Market value data analysis of 2021 and forecast to 2028.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global cyber security market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
1. Report Summary
• Current Industry Analysis and Growth Potential Outlook
• Impact of COVID-19 on the Global Cyber Security Market
• Recovery Scenario of Global Cyber Security Market
1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segments
1.2.2. By Region
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Findings
2.2.2. Recommendations
2.2.3. Conclusion
3. Competitive Landscape
3.1. Key Company Analysis
3.1.1. Overview
3.1.2. Financial Analysis
3.1.3. SWOT Analysis
3.1.4. Recent Developments
3.2. Key Strategy Analysis
3.3. Impact of Covid-19 on Key Players
4. Market Segmentation
4.1. Global Cyber Security Market by Type
4.1.1. Network Security
4.1.2. Application Security
4.1.3. Mobile Security
4.1.4. Wireless Security
4.1.5. Others
4.2. Global Cyber Security Market by Component
4.2.1. Solution
4.2.2. Services
4.3. Global Cyber Security Market by Vertical
4.3.1. Government
4.3.2. Aerospace & Defence
4.3.3. BFSI
4.3.4. Travel & Transportation
4.3.5. Telecommunication
4.3.6. Healthcare
4.3.7. Retail
4.3.8. Manufacturing
4.3.9. Others
5. Regional Analysis
5.1. North America
5.1.1. United States
5.1.2. Canada
5.2. Europe
5.2.1. UK
5.2.2. Germany
5.2.3. Italy
5.2.4. Spain
5.2.5. France
5.2.6. Rest of Europe
5.3. Asia-Pacific
5.3.1. China
5.3.2. India
5.3.3. Japan
5.3.4. South Korea
5.3.5. Rest of Asia-Pacific
5.4. Rest of the World
6. Company Profiles
6.1. AVG Securities
6.2. Booz Allen Hamilton
6.3. Capgemini
6.4. Cisco Systems Inc.
6.5. Clearwater Compliance LLC
6.6. CSC Corp.
6.7. CYBERARK SOFTWARE LTD.
6.8. Dell SecureWorks
6.9. Forcepoint
6.10. Fortinet, Inc.
6.11. Herjavec Group
6.12. IBM Corp.
6.13. Intel Corp.
6.14. Lockheed Martin
6.15. Palo Alto Networks
6.16. Root9B technologies Inc.
6.17. RSA Security
6.18. Symantec Corp.
6.19. Trend Micro ?
1. GLOBAL ELECTROCARDIOGRAPH ECG MARKET RESEARCH AND ANALYSIS BY TYPE, 2021-2028 ($ MILLION)
2. GLOBAL NETWORK CYBER SECURITY MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
3. GLOBAL APPLICATION CYBER SECURITY MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
4. GLOBAL MOBILE CYBER SECURITY MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
5. GLOBAL WIRELESS CYBER SECURITY MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
6. GLOBAL OTHER CYBER SECURITY MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
7. GLOBAL CYBER SECURITY MARKET RESEARCH AND ANALYSIS BY COMPONENT, 2021-2028 ($ MILLION)
8. GLOBAL CYBER SECURITY BY SOLUTION MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
9. GLOBAL CYBER SECURITY BY SERVICES MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
10. GLOBAL CYBER SECURITY MARKET RESEARCH AND ANALYSIS BY VERTICAL, 2021-2028 ($ MILLION)
11. GLOBAL CYBER SECURITY FOR GOVERNMENT MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
12. GLOBAL CYBER SECURITY FOR AEROSPACE & DEFENCE MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
13. GLOBAL CYBER SECURITY FOR BFSI MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
14. GLOBAL CYBER SECURITY FOR TRAVEL AND TRANSPORTATION MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
15. GLOBAL CYBER SECURITY FOR TELECOMMUNICATION MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
16. GLOBAL CYBER SECURITY FOR HEALTHCARE MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
17. GLOBAL CYBER SECURITY FOR RETAIL MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
18. GLOBAL CYBER SECURITY FOR MANUFACTURING MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
19. GLOBAL CYBER SECURITY BY OTHER MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
20. GLOBAL CYBER SECURITY MARKET RESEARCH AND ANALYSIS BY GEOGRAPHY, 2021-2028 ($ MILLION)
21. NORTH AMERICAN CYBER SECURITY MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
22. NORTH AMERICAN CYBER SECURITY MARKET RESEARCH AND ANALYSIS BY TYPE, 2021-2028 ($ MILLION)
23. NORTH AMERICAN CYBER SECURITY MARKET RESEARCH AND ANALYSIS BY COMPONENT, 2021-2028 ($ MILLION)
24. NORTH AMERICAN CYBER SECURITY MARKET RESEARCH AND ANALYSIS BY VERTICAL, 2021-2028 ($ MILLION)
25. EUROPEAN CYBER SECURITY MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
26. EUROPEAN CYBER SECURITY MARKET RESEARCH AND ANALYSIS BY TYPE, 2021-2028 ($ MILLION)
27. EUROPEAN CYBER SECURITY MARKET RESEARCH AND ANALYSIS BY COMPONENT, 2021-2028 ($ MILLION)
28. EUROPEAN CYBER SECURITY MARKET RESEARCH AND ANALYSIS BY VERTICAL, 2021-2028 ($ MILLION)
29. ASIA-PACIFIC CYBER SECURITY MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
30. ASIA-PACIFIC CYBER SECURITY MARKET RESEARCH AND ANALYSIS BY TYPE, 2021-2028 ($ MILLION)
31. ASIA-PACIFIC CYBER SECURITY MARKET RESEARCH AND ANALYSIS BY COMPONENT, 2021-2028 ($ MILLION)
32. ASIA-PACIFIC CYBER SECURITY MARKET RESEARCH AND ANALYSIS BY VERTICAL, 2021-2028 ($ MILLION)
33. REST OF THE WORLD CYBER SECURITY MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
34. REST OF THE WORLD CYBER SECURITY MARKET RESEARCH AND ANALYSIS BY TYPE, 2021-2028 ($ MILLION)
35. REST OF THE WORLD CYBER SECURITY MARKET RESEARCH AND ANALYSIS BY COMPONENT, 2021-2028 ($ MILLION)
36. REST OF THE WORLD CYBER SECURITY MARKET RESEARCH AND ANALYSIS BY VERTICAL, 2021-2028 ($ MILLION)
1. IMPACT OF COVID-19 ON GLOBAL CYBER SECURITY MARKET, 2021-2028 ($ MILLION)
2. IMPACT OF COVID-19 ON GLOBAL CYBER SECURITY MARKET BY SEGMENT, 2021-2028 ($ MILLION)
3. RECOVERY OF GLOBAL CYBER SECURITY MARKET, 2022-2028 (%)
4. GLOBAL CYBER SECURITY MARKET SHARE BY TYPE, 2021 VS 2028 (%)
5. GLOBAL NETWORK CYBER SECURITY MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
6. GLOBAL APPLICATION CYBER SECURITY MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
7. GLOBAL MOBILE CYBER SECURITY MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
8. GLOBAL WIRELESS CYBER SECURITY MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
9. GLOBAL OTHER CYBER SECURITY MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
10. GLOBAL CYBER SECURITY MARKET SHARE BY COMPONENT, 2021 VS 2028 (%)
11. GLOBAL CYBER SECURITY BY SOLUTION MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
12. GLOBAL CYBER SECURITY BY SERVICES MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
13. GLOBAL CYBER SECURITY MARKET SHARE BY VERTICAL, 2021 VS 2028 (%)
14. GLOBAL CYBER SECURITY FOR GOVERNMENT MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
15. GLOBAL CYBER SECURITY FOR AEROSPACE & DEFENCE MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
16. GLOBAL CYBER SECURITY FOR BFSI MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
17. GLOBAL CYBER SECURITY FOR TRAVEL AND TRANSPORTATION MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
18. GLOBAL CYBER SECURITY FOR TELECOMMUNICATION MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
19. GLOBAL CYBER SECURITY FOR HEALTHCARE MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
20. GLOBAL CYBER SECURITY FOR RETAIL MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
21. GLOBAL CYBER SECURITY BY MANUFACTURING MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
22. GLOBAL CYBER SECURITY BY OTHER MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
23. GLOBAL CYBER SECURITY MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
24. US CYBER SECURITY MARKET SIZE, 2021-2028 ($ MILLION)
25. CANADA CYBER SECURITY MARKET SIZE, 2021-2028 ($ MILLION)
26. UK CYBER SECURITY MARKET SIZE, 2021-2028 ($ MILLION)
27. FRANCE CYBER SECURITY MARKET SIZE, 2021-2028 ($ MILLION)
28. GERMANY CYBER SECURITY MARKET SIZE, 2021-2028 ($ MILLION)
29. ITALY CYBER SECURITY MARKET SIZE, 2021-2028 ($ MILLION)
30. SPAIN CYBER SECURITY MARKET SIZE, 2021-2028 ($ MILLION)
31. REST OF EUROPE CYBER SECURITY MARKET SIZE, 2021-2028 ($ MILLION)
32. INDIA CYBER SECURITY MARKET SIZE, 2021-2028 ($ MILLION)
33. CHINA CYBER SECURITY MARKET SIZE, 2021-2028 ($ MILLION)
34. JAPAN CYBER SECURITY MARKET SIZE, 2021-2028 ($ MILLION)
35. SOUTH KOREA CYBER SECURITY MARKET SIZE, 2021-2028 ($ MILLION)
36. REST OF ASIA-PACIFIC CYBER SECURITY MARKET SIZE, 2021-2028 ($ MILLION)
37. REST OF THE WORLD CYBER SECURITY MARKET SIZE, 2021-2028 ($ MILLION)
