Global Cybersecurity Market, By Component (Solution, Service), Security Type (Network Security, Endpoint Security, Application Security, Cloud Security and Others), Deployment Type (On-Premises and Cloud), Organization Size (SMEs, Large Enterprise), Vertical (BFSI, Government and Defense, Energy and Utilities, Healthcare, IT and Telecom, Manufacturing, Retail and Others) - Industry Trends and Forecast to 2030.
Cybersecurity Market Analysis and Size
Today, numerous displays are widely being used in various sectors such as entertainment, corporate, transport, retail, hospitality, education, and healthcare, among others. These allow organizations in engaging with a broader audience. They also help in creating a centralized network for digital communications. The security solutions are being highly deployed for private financial and banking services sectors, along with aerospace defense and healthcare sectors. The increase in the demand for cyber-savvy boards is escalating the growth of cybersecurity market.
Data Bridge Market Research analyses that the global cybersecurity market which was USD 244.70 billion in 2022, is expected to reach USD 618.98 billion by 2030, and is expected to undergo a CAGR of 6.4% during the forecast period 2023 to 2030. This indicates the market value. solution accounts for the largest technology segment in the respective market owing to the security solutions are being highly deployed for private financial and banking services sectors, along with aerospace defense and healthcare sectors. The increase in the demand for cyber-savvy boards is escalating the growth of cybersecurity market. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
Cybersecurity Market Scope and Segmentation
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Report Metric
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Details
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Forecast Period
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2023 to 2030
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Base Year
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2022
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Historic Years
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2021 (Customizable to 2015-2020)
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Quantitative Units
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Revenue in USD Billion, Volumes in Units, Pricing in USD
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Segments Covered
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Component (Solution, Service), Security Type (Network Security, Endpoint Security, Application Security, Cloud Security and Others), Deployment Type (On-Premises and Cloud), Organization Size (SMEs, Large Enterprise), Vertical (BFSI, Government and Defense, Energy and Utilities, Healthcare, IT and Telecom, Manufacturing, Retail and Others)
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Countries Covered
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U.S., Canada, Mexico, Germany, France, U.K., Italy, Spain, Switzerland, Netherlands, Russia, Turkey, Belgium, Rest of Europe, Japan, China, South Korea, India, Australia and New Zealand, Singapore, Thailand, Malaysia, Indonesia, Philippines, Rest of Asia-Pacific, South Africa, Israel, U.A.E., Saudi Arabia, Egypt, Rest of Middle East and Africa, Brazil, Argentina and Rest of South America
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Market Players Covered
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IBM (U.S.), Check Point Software Technologies Ltd. (Israel), Cisco (U.S.), CyberArk Software Ltd. (U.S.), F5 Inc (U.S.), FireEye (U.S.), Forcepoint (U.S.), Fortinet Inc (U.S.), Amazon Web Services (U.S.), Oracle (U.S.), Palo Alto Networks (U.S.), Imperva (U.S.), Qualys Inc (U.S.), Accenture (Ireland), HCL Technologies Limited. (India), Capgemini (France), cognizant (U.S.), Symantec Corporation (U.S.), Broadcom (U.S.), and Wipro Limited (India), among others
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Market Opportunities
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Market Definition
Cybersecurity solutions refer to the solutions that assist organizations in detecting, monitoring, reporting and countering cyber threats for maintaining data confidentiality. Safeguarding devices connected to the internet are categorised under cyber security that help in protecting from various threats in the cyberspace.
Global Cybersecurity Market Dynamics
Drivers
- Internet Penetration
The rise in the internet penetration among developing and developed countries acts as one of the major factors driving the growth of cybersecurity market.
- Target-Based Cyber Attacks
The surge in the number of frequency and sophistication of target-based cyber-attacks accelerate the market growth.
Opportunity
- Use of a Variety of Technologies
The increase in the use of a variety of technologies in the industries, such as banking, manufacturing, retail, and telecom, among others further influence the market.
Restraint/Challenge
- Budgetary Constraints among Small and Emerging Startups
On the other hand, budgetary constraints among small and emerging startups in developing economies are expected to obstruct market growth. Also, design and implementation difficulties in deploying cybersecurity solutions are projected to challenge the cybersecurity market in the forecast period of 2023 to 2030
Recent Development
- In march 2021, IBM Security announced a new and enhanced service. The service aims to help organizations in managing their policies, cloud security strategies, and controls across hybrid cloud environments
Global Cybersecurity Market Scope
The global cybersecurity market is segmented on the basis of the basis of component, security type, deployment type, organization size and vertical. The growth amongst these segments will help you analyze meager growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Component
- Solution
- Service
Security Type
- Network Security
- Endpoint Security
- Application Security
- Cloud Security
- Others
Deployment Type
- On-Premises
- Cloud
Organization Size
- SMEs
- Large Enterprises
Vertical
- BFSI
- Government and Defense
- Energy and Utilities
- Healthcare
- IT and Telecom
- Manufacturing
- Retail
- Others
Global Cybersecurity Market Region Analysis/Insights
The display market is analysed and market size insights and trends are provided by component, security type, deployment type, organization size and vertical as referenced above.
The countries covered in the cybersecurity market report are U.S., Canada, Mexico, Germany, France, U.K., Italy, Spain, Switzerland, Netherlands, Russia, Turkey, Belgium, Rest of Europe, Japan, China, South Korea, India, Australia and New Zealand, Singapore, Thailand, Malaysia, Indonesia, Philippines, Rest of Asia-Pacific, South Africa, Israel, U.A.E., Saudi Arabia, Egypt, Rest of Middle East and Africa, Brazil, Argentina and Rest of South America.
North America dominates the cybersecurity market because of the presence of prominent security vendors within the region.
Asia-Pacific (APAC) is expected to witness significant growth during the forecast period of 2023 to 2030 due to the development of a strong cyber defense ecosystem in the region.
The country section of the report also provides individual market-impacting factors and changes in regulation in the market domestically that impact the current and future trends of the market. Data points such as down-stream and up-stream value chain analysis, technical trends, and Porter’s five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and the challenges faced due to large or scarce competition from local and domestic brands, the impact of domestic tariffs, and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Global Cybersecurity Market Share Analysis
The global cybersecurity market competitive landscape provides details of competitors. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, and application dominance. The above data points provided are only related to the company’s focus related to the global cybersecurity market.
Some of the major players operating in the global cybersecurity market are:
- IBM (U.S.)
- Check Point Software Technologies Ltd. (Israel)
- Cisco (U.S.)
- CyberArk Software Ltd. (U.S.)
- F5 Inc (U.S.)
- FireEye (U.S.)
- Forcepoint (U.S.)
- Fortinet Inc (U.S.)
- Amazon Web Services (U.S.)
- Oracle (U.S.)
- Palo Alto Networks (U.S.)
- Imperva (U.S.)
- Qualys Inc (U.S.)
- Accenture (Ireland)
- HCL Technologies Limited (India)
- Capgemini (France)
- Cognizant (U.S.)
- Symantec Corporation (U.S.)
- Broadcom (U.S.)
- Wipro Limited (India)
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