Cyber Security Industry
Cybersecurity is a broad collection of technologies, solutions, services, and risk management approaches to protect organizational and user personal and professional data from cybercrimes.
Government, public utilities, and enterprises are all dependent on the internet, wireless technologies, and cloud-based services for storage, processing, and retrieval of data.
With the increase in this dependency over the years, cyber-attacks have increased exponentially and have generated the need for unified cybersecurity solutions that support enhanced enterprise mobility and strict data disclosure laws.
The cyber security market is experiencing boom because of the need for global cybersecurity for secure and resilient cyberspace.
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It profiles companies like Check Point Software Technologies, Fire Eye Inc. Intel Security, Cisco Systems Inc. IBM Corporation, Symantec Corporation, Dell Technologies, Inc. Cyber-Ark Software
MARKET GROWTH DRIVERS:
The emerging global economy is driving and inviting technology adaption with the advancement in cloud computing and hosting services.
Increase in the number of internet users is stirring strong requirements for various cybersecurity solutions such as cloud-based IAM products, UTM, web filtering and so on requiring minimal initial investment.
In the coming years, it is expected that the majority of the big cybersecurity providers will widen their product portfolio and enhance the network of their partners globally.
The Biggest Challenge for Cyber Security organizations results from two Mega Trends:
The exponential growth in data from business systems and security sensors meant to protect those businesses.
The extreme and growing shortage of skilled cybersecurity personnel to analyze and respond to incidents illuminated by this data.
The other challenge is the Budget.
62% of CIOs and other cybersecurity professionals from Global Information Security survey, 2015 said budget constraints are their biggest challenge.
By Product Type:
Wireless network Security
Threat Intelligence and Response
Identity and access management
Data Loss Prevention
Rest of the world
The global cyber security market is dominated by North America as the US is a significant contributor.
Europe is the second leading player in the cyber security market.
Asia-Pacific is also rapidly emerging as a prominent market for cybersecurity products and service providers due to rising concerns of governments toward safeguarding their respective cyber ecosystem.
Based on the Security Type:
The global cyber security market is segmented into Network security, Wireless security, Cloud security, etc.
More than 40% of overall share is with Network security market due to increasing visualization of servers and rise in use of Network security solutions by medium and small sized business across the globe.
Based on Industry/Sector:
Banking and finance sector is witnessing significant changes due to the adaption of IT solutions for the improvement of banking services.
Increasing adoption of online transactions and increasing use of services such as National Electronic Fund Transfer (NEFT), Real-time Gross Settlement Systems (RTGS), Electronic Clearing Service (ECS), and mobile transactions has propelled demand for security solutions to carry out these tractions safely and securely.
The count is expected to rise to 181.77 billion users by 2025.
The continuous increase will raise the market demand.
THE SCOPE OF THE REPORT:
The report covers factors impacting the market, Porter 5 Forces, Market Share Analysis, Price trend analysis, Product Benchmarking, and company profiles.
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Table of Contents
1. METHODOLOGY AND SCOPE
2. INDUSTRY TRENDS
3. MARKET OUTLOOK
4. PRODUCT-BASED ANALYSIS
5. COMPETITIVE TRENDS
6. COMPANY PROFILES
6.1 Check Point Software Technologies
6.2 Fire Eye Inc.
6.3 Intel Security
6.4 Cisco Systems, Inc.
6.5 IBM Corporation
6.6 Symantec Corporation
6.7 Dell Technologies. Inc.
6.8 Cyber Ark Software, Inc.
6.9 Palo Alto Group
6.10 Herjavec Group
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