According to the report published by IndustryARC titled “
Cyber Security Market: by Solution (Identity and Access Management (IAM), risk and compliance management, Others); by Service (Professional Service, Managed Services), by Security Type (Network Security, Endpoint Security, Application Security, Others), by Mode (On-Premises, Cloud), by Organization Size (Small and Medium-Sized Enterprises, Large Enterprises), by Industry Verticals (Aerospace and Defense, Government, Healthcare, Others) – Forecast (2019 – 2025)
,” the market to reach $16.31 billion by 2025.
Browse 87 Market Tables, and 35 Figures spread through 188 Pages and go through an in-depth TOC on “
Cyber Security Market”
Early Buyers will receive 10% Customization on this Report.
According to a recent study from IndustryARC, the cyber security market is forecast to reach $16.31 billion by 2025 and is estimated to grow at a CAGR of 14.16% during the period 2019-2025. The growth in the cyber security market can be attributed to the increasing investments by the enterprises to secure their financial data, personal information or other confidential data.
The cyber security market is all set to exhibit robust development with a broad range of applications introduced in aerospace, and healthcare industry. The Aerospace industry is estimated to have a major share during the forecast period which accounts to be more than 29% by 2025. Cyber-attacks in the aerospace industry is usually observed in navigation and guidance systems and effects of such an attack are irrevocable. A similar effect is observed in defense agencies as well and to overcome this, both the industries are focusing on protecting their computer networks by investing more in infrastructure security which involves cybersecurity. The increasing investments in infrastructure security will drive the cyber security market in the future.
North America held nearly 40% of the market share in the year 2018. North American region is the most vulnerable to cybercrimes owing to the prevalent use of technology and data. However, financial stability in the region allows organizations to invest in cybersecurity for the security of data and software. Furthermore, the current government has also invested in cybersecurity with its own cybersecurity defense agency in November 2018. These factors are collectively responsible for the growing cyber security market size in North America.
The Major Players in this Market Include
- NTT Security
- NGC Group, Inc.
- Secure Link, Inc.
- Cisco Systems, Inc.
- Symantec Corporation
- Palo Alto Networks, Inc.
- Check Point Software Technologies Ltd.
- Microsoft Corporation
Cyber security solution developers are focusing on acquiring other companies for expanding their cybersecurity portfolio. In October 2018, Bitdefender acquired behavioral and network security analytics organization RedSocks for an undisclosed amount. The acquisition attributes to Bitdefender’s goal to expand its cybersecurity portfolio.
The various end-user industries covered in the Cyber Security Market report include:
- Financial Services
- Others (Automobile, Information Technology sector and more)
The overall cyber security market is also presented from the perspective of different geographic regions and the key countries for this industry. Competitive landscape for each of the product types is highlighted and market players are profiled.
Talk to one of our sales representative about the full report by providing your details in the link below:
IndustryARC is a research and consulting firm that publishes more than 500 reports annually in various industries, such as Agriculture, Automotive, Automation & Instrumentation, Chemicals and Materials, Energy and Power, Electronics, Food & Beverages, Information Technology, Life sciences & Healthcare.
IndustryARC primarily focuses on Cutting Edge Technologies and Newer Applications of the Market. Our Custom Research Services are designed to provide insights into the constant flux in the global demand-supply gap of markets. Our strong analyst team enables us to meet the client research needs at a very quick speed with a variety of options for your business.
We look forward to supporting the client to be able to better address customer needs; stay ahead in the market; become the top competitor and get real-time recommendations on business strategies and deals. Contact us to find out how we can help you today.
Mr. Venkateshwar Reddy
Business Development Manager
Contact Sales: 1-614-588-8538 (Ext-101)