Global Cyber Security Market Will Cross USD 150 Billion with CAGR of 8%-11% from 2016-2021

“Cyber Security Market”
Global Cyber Security Market drivers are evolving cyber threats, lack of focus in security systems, dependency on information technology, strict government rules and policies.

Market Segmentation

By Solutions

  • Network Security
  • Endpoint Security
  • Content Security
  • Application Security
  • Industrial Control System Security
  • Cloud Security

 

By Services

  • Risk Assessment services
  • Consulting Services
  • Design Services Training Service

 

By Application Verticals

  • BFSI
  • Manufacturing
  • Telecommunications
  • Aerospace & Defense
  • Healthcare & Others

 

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Key players

  • Cisco Corporation (U.S.)
  • Mcafee Corporation (U.S.)
  • Fortinet Inc. (U.S.)
  • Trend Micro Inc. (Japan)
  • Cassidian Cybersecurity Company (France)
  • Computer Science Corporation (U.S.)
  • Booz Allen Hamilton Corporation (U.S.)
  • Kaspersky Lab (Russia)
  • Fireeye Inc. (U.S.)
  • Symantec Corporation (U.S.)

 

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BFSI, Manufacturing and Healthcare are the one of largest consumer of Cyber Security Market

BFSI (Banking, Financial services and Insurance) is the main target of attackers as this industry deals with various products which can be traded for cash. Credit Card, Internet Banking are some major products and services on which the attackers are targeting. Manufacturing and Healthcare industry suffers crucial and confidential data loss whenever any cyber-attack took occurs. These data’s are sold in black market for billions of dollars.

 

Market Scenario

Cyber security is one of the most important concerns for all the countries around the globe. As the technology is growing and new applications are coming into picture, hackers are finding the new loopholes and by that they are stealing the important and confidential data’s from the servers and selling it to the other countries or in black market. The report on Global Cyber Security Market shows that total market size for the cyber security has been increase to billions and currently growing with the CAGR rate of ~8-11%.

 

Key Findings

  • Asia-Pacific is expected to dominate cyber security market surpassing the revenues of North America during the forecast period.
  • The growing online banking malware to obtain financial information of debit/credit card and bank account passwords has given rise to cyber security market in BFSI sector.
  • The need for cyber security in aerospace and defense sector is expected to grow at high CAGR in the forecast period

 

Regional Analysis

North America is leading in the market of Cyber Security. Countries like the US and Canada are well developed in the field of technology and also some of the major players who provide cyber security options are located in the North America. Europe is accounted for the second largest market share in the Cyber Security Market. The main reason behind this is some countries of Europe have good command over the technology and most of the company in Europe region update their cyber security model periodically. Asia Pacific and MEA are fastest growing market for the cyber security.

 

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Brief TOC:

1. Introduction

1.1 Definition

1.2 Scope of the Study

1.2.1 Research Objective

1.2.2 Assumptions

1.2.3 Limitations

1.3 Market Structure

2. Research Methodology

2.1 Research Process

2.2 Primary Research

2.3 Secondary Research

2.4 Market Size Estimation

2.5 Forecast Model

3. Global Cyber Security Market: Overview

3.1 Introduction

3.1.1 Definition

3.1.2 Market Segmentation

3.1.2.1 Market Segmentation On The Basis Of Solutions

3.1.2.2 Market Segmentation On The Basis Of Services

3.1.2.3 Market Segmentation On The Basis Of Application Verticals

4. Market Dynamics

4.1 Drivers

4.1.1 Proliferation of Cyber Attacks

4.2 Restraints

4.2.1 under Skilled Workforce

4.3 Opportunities

4.3.1 New Technological Advancements like Big Data and Internet of Things (IOT)

4.4 Mega Trends

4.5 Macroeconomic Indicators

4.6 Important Pointers by Industry Experts

4.6.1 Asia-Pacific as Fastest Growing Market

4.6.2 Growth Prospects

Continue……….

 

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