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Cybersecurity Market by Solution, Service, Security Type, Deployment Mode, Organization Size, Vertical And Region - Global Forecast to 2022

Cybersecurity Market: Global Forecast until 2022

  • July 2017
  • 179 pages
  • ID: 5009188
In this report:
APAC is estimated to account for ##.##% of the total market share in 2017, and is expected to grow at the highest CAGR of ##.##% during the forecast period, as the government in this region is continuously investing in cybersecurity solutions to prevent sensitive data of citizens.
APAC is expected to account for ##.##% of the global market share in 2017, and is projected to grow at the highest CAGR of ##.##% from 2017 to 2022, due to the growing need for cybersecurity solutions and rise in demand for SaaS-based security solutions.


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Increase in security breaches, targeting enterprises, is driving the increase of the cybersecurity market

MarketsandMarkets expects the overall cybersecurity market to grow from ~$137.9B in 2017 to ~$231.9B by 2022, at a CAGR of 11.00 percent. The cybersecurity market is increasing quickly because of the rise in adoption of cybersecurity solutions, due to the growth in security breaches targeting enterprises.

Strict directives for data privacy driving the rise of the cybersecurity market

The constant development in security threats has given increase to the design and implementation of a important number of directives that needed to be strictly adhered to by all organizations. Regulations underline different guidelines and security features to be strictly followed, including Payment Card Industry Data Security Standard, Health Insurance Portability and Accountability Act, Federal Information Security Management Act, European Union Agency for Network and Information Security, and Sarbanes-Oxley Act

Network security is projected to have the biggest sector size in 2017

The network security segment is projected to have the biggest industry size in 2017, by cause of the need for stringent compliance and regulatory requirements. The rise in the network security is combined with the increase in security breaches targeting enterprise networks, where hackers try to gain access to sensitive data

Banking, Financial services and Insurance (BFSI) vertical is anticipated to have the highest rise rate during the outlook period

Cybersecurity solutions have been deployed across several verticals, including aerospace and defense; government; Banking, Financial Services, and Insurance ; IT and telecom; healthcare; retail; manufacturing; energy and utilities; and others (education, media and entertainment, and automotive). The BFSI vertical is expected to witness the top compound annual growth rate during the estimate period as a result of the growing adoption of web and mobile applications, which are prone to advanced cyber-attacks

Asia-Pacific is forecasted to have the maximum growth rate during the outlook period

Asia Pacific (APAC) includes emerging economies, including India and China (CN), which are quickly deploying cybersecurity solutions. This is primarily due to the digitization of businesses and adoption of cloud services by small, medium, and big enterprises in the territory.

Comprehensive interviews were managed with Chief Executive Officers, marketing directors, other innovation and technology directors, and executives from numerous main institutions operating in the cybersecurity marketplace.

- By Company Type: Tier 1: 55.0 percent, Tier 2: 20.0 percent, and 1/3 3: 25.0 percent

- By Designation: C-Level: 60.0 percent, Director Level: 25.0 percent, and Others: 15.0 percent

- By area: North america (NA): 10.0 percent, Europe: 20.0 percent, APAC: 40.0 percent, and Rest of the World : 30.0 percent

The study includes the study of top players offering cybersecurity solutions and services. IBM Corporation, Hewlett Packard Enterprise, McAfee LLC, Trend Micro, Incorporated, Symantec Corporation, Check Point Software Technologies Ltd., Cisco Systems, Incorporated, Palo Alto Networks, Incorporated, Juniper Networks, Incorporated, Fortinet, Incorporated, FireEye, Incorporated, Sophos Ltd., Rapid7, Incorporated, EMC RSA, LogRhythm, Incorporated, Optiv Security Inc., Webroot, Incorporated, CyberArk Software Ltd., Qualys, Incorporated, F-Secure, Trustwave Holdings, Incorporated, Proofpoint, Incorporated, Splunk, Incorporated, Kaspersky Lab, and Imperva, Incorporated are some of the firms decribed in the analysis. The market research includes detailed competitive review of these main actors in the cybersecurity market, with their company descriptions, recent evolutions, and business and product offerings.

Segment Research

The industry research includes the cybersecurity market based on various segments, including solutions, services, security types, deployment modes, organization sizes, and verticals in the regions of North America, Europe (EU), Asia-Pac, MEA, and Latin America area. Futhermore, it includes the factors that are driving the cybersecurity market together with the increase opportunities in this industry. It also comprises the restraining factors and opportunities in the increase of the market. Furthermore, the industry report includes the in-depth company profiles of the top players offering cybersecurity solutions and services.

The study is expected to benefit the market top players or new sector entrants in this sector in these ways:

1. This document breaks down the market into several subsegments, covering this industry overall. The analysis offers the best approximations of the revenue data for the global market and the sub-segments. The industry numbers are further split across several verticals and localities.

2. This industry report will facilitate in better understanding of the competitors and gaining additional insights to better one's position in the sector. There is a separate division on opposing landscape, which comprises competitor landscape, mergers and acquisitions, integrations and business developments, and collaborations of different market vendors. Also, there are company profiles of 12 actors in this sector. In this part, industry internals are furnished that can put one ahead of the competitors.

3. The market research also helps in understanding the global increase of the market. It offers info on main market drivers, market restraints, opportunities, and alternatives.

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