The global cybersecurity market is expected to grow from $149.46 billion in 2019 to $152.21 billion in 2020 at a rate of 1.83%. The slow growth is mainly due to the COVID-19 outbreak that has led to restrictive containment measures involving social distancing, remote working, and the closure of industries and other commercial activities that led to decline in the bottom line. As a result, companies’ budgets for cybersecurity software is expected to decline. The market is then expected to recover and reach $208.28 billion in 2023 at rate of 11.02%.
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Cybersecurity is a practice of protecting the network, computers, mobile devices, hardware, electronic systems and data from digital or malicious attacks. It is also known as electronic information security and information technology security. Cybersecurity can be segregated into categories including network security, application security, information security, operational security, and others.
Global Cybersecurity Market Segmentation –
The cybersecurity market covered in this report is segmented
1. By solution into network security; cloud application security; end-point security; secure web gateway; internet security; others
2. By enterprise size into small & medium enterprise; large enterprise
3. By deployment type into cloud; on premises
4. By end-use into BFSI; IT & telecommunications; retail; healthcare; government; manufacturing; travel and transportation; energy and utilities; others.
Global Cybersecurity Market Drivers –
Increasing government investments in cybersecurity solutions is a major trend shaping the growth of the cybersecurity industry.
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A Few Points From The Global Cybersecurity Market ToC
1. Executive Summary
2. Cybersecurity Market Characteristics
3. Cybersecurity Market Size And Growth
3.1. Global Cybersecurity Historic Market, 2015 – 2019, $ Billion
3.1.1. Drivers Of The Market
3.1.2. Restraints On The Market
3.2. Global Cybersecurity Forecast Market, 2019 – 2023F, 2025F, 2030F, $ Billion
3.2.1. Drivers Of The Market
3.2.2. Restraints On the Market
4. Cybersecurity Market Segmentation
5. Cybersecurity Market Regional And Country Analysis
5.1. Global Cybersecurity Market, Split By Region, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
5.2. Global Cybersecurity Market, Split By Country, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
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