Cybersecurity Market with Top Countries Data: Key Players, Trends, Drivers, Challenges and Forecast 2024

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Cyber Security Market Analysis and Forecast
(2014 - 2024)
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Cyber Security Market

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Cyber Security Market
Industry Overview
The global cyber security market is predicted to
grow at 11.1 CAGR during the forecast period
with the market size reaching USD 282.3 billion
by 2024. The market is driven by the factors such
as increasing cyber security threats, increasing
internet penetration, and increasing adoption of
IoT solutions across different industry
verticals. Industry players are developing
advanced solutions to tackle cyber-attacks and
threat such as firewall, encryption, identity and
access management, security, and vulnerability
management, which are further fuelling the growth
of the market. The market for cyber security
devices is primarily driven by increasing
cyber-attacks worldwide. With the increasing
number of cyber threats daily and evolving
techniques by attackers, different organizations
and consumers are compelled to adopt advanced
security systems to tackle these threats.
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Cyber Security Market
Growth Drivers
On the basis of security type, the cyber security
market size for application security is expected
to grow at the fastest rate during the forecast
period, globally. Based on organization size, the
cyber security market size is larger for large
enterprises however, its growth rate is higher
for small and medium enterprises due to the
increasing awareness and increasing incidence of
security breaches in these organizations.
Different governments and organizations across
the globe are collaborating and cooperating to
deal with these threats. This offers market
players immense opportunities to develop advanced
security systems, which will drive their revenue
growth.
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Cyber Security Market
Geographic Overview
North America accounted for the major share in
the cyber security industry in 2017, globally as
the players in the region are continuously
investing capital for the advancement of
technology in cyber security. U.S. is home to the
most of the major players worldwide, which is due
to the fact that the U.S. population and
government are more aware regarding the issues
concerning to cyber-crime and attacks. This
creates traction for the industry players to
invest in the region. Moreover, Asia-Pacific is
observed to witness the fastest growth in the
cyber security market. Explore Full Report
Description At https//www.vynzresearch.com/ict-m
edia/cyber-security-market
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Cyber Security Market
Competitive Insight
Key players in the cyber security industry are
investing in the development of advanced
solutions including security and vulnerability
management, risk and compliance management, and
encryption among others, which is strengthening
their position in the market. Hewlett Packard
Enterprise, McAfee Inc., IBM Corporation,
Symantec Corporation, Trend Micro, Inc., Check
Point Software Technologies Ltd., Palo Alto
Networks, Inc., Cisco Systems, Inc., Fortinet,
Inc., Sophos Ltd., F-Secure, Kaspersky Lab,
Webroot, Inc., and LogRhythm, Inc. are some of
the key players offering solutions and services
for cyber security.
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Cyber Security Market
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