Cyber Security Market by 2022 - Analysis, Growth, Drivers, Restraint, Trend and Forecast

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Cyber Security Market  Global
Opportunity Analysis and Industry Forecast,
2014 - 2022
Remote Patient Monitoring Market 
Squalene Market
Global Opportunity Analysis and Industry
Forecast, 2014 - 2022
Global Opportunity Analysis and Industry
Forecast, 2014 - 2022

Publish Date  Nov 2016 No of Pages 180
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Introduction
Cyber Security Market Report, published by
Allied Market Research, forecasts that the global
market is expected to garner 198 billion by
2022, registering a CAGR of 15.5 during the
period 2016-2022.  The BFSI and public sector
is expected to dominate the global cyber security
market. In the year 2015, North America was the
leading contributor to the global revenue, and
Asia-Pacific is projected to be dominant by
2022. The cyber security market includes
solutions such as security incident management,
Unified Threat Management (UTM), risk and
compliance management, and Identity and Access
Management (IAM) that enable organizations to
secure infrastructure and data from harmful cyber
threats and vulnerabilities. Increase in adoption
of mobile devices, and growing reliability on
Internet services in industries such as retail,
healthcare, BFSI, and energy and utilities
supplements the market growth.
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• In the year 2015, unified threat management
  dominated the overall cybersecurity solutions
  segment in terms of revenue, and is projected to
  grow at a CAGR of 11.9 during the forecast
  period.
• Managed services are estimated to grow at the
  highest CAGR of 20.3 from 2016 to 2022.
• Cloud-based deployment type is anticipated to
  generate the highest revenue by 2022.
• In the user segment, SMEs are projected to grow
  at the highest CAGR of 18.5.
• Among the industry verticals, healthcare is
  expected to witness the highest growth rate of
  17.5.
• In the year 2015, North America generated the
  highest revenue in the global cyber security
  market.
• Asia-Pacific is expected to grow at a remarkable
  CAGR of 17.8 during the forecast period.
• The global cyber security market generated 75
  billion in 2015.

Current and Future Market Scenario
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Factors Contributing to Market Growth
Rise in demand for cloud-based security
solutions, advanced authentication, and
transformation in traditional antivirus software
provides huge growth opportunities to the market
in public sector. In addition, the healthcare
segment is projected to grow at a fastest CAGR of
17.5, owing to the manifestation of sensitive
and diverse data present in healthcare
organizations, which comprises personally
identifiable information (PII), electronic
protected health information (ePHI), and
financial data. In the solutions segment, risk
and compliance management is anticipated to
generate the highest revenue by 2022, as this
solution enables organizations to monitor
systems, including financial systems, ERP
applications, and HRIS systems. Moreover, the
deployment of risk and compliance management
solutions offers a comprehensive view of the
infrastructure, applications, and data. The
encryption solution is expected to grow at the
fastest CAGR due to its functionality of
customizable tracking and reporting competencies
through a web gateway.
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Cyber Security Market - Segmentation
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Cyber Security Market - Top Impacting Factors
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Region Overview
In the year 2015, North America accounted for a
major share of the global cyber security market.
Asia-Pacific is expected to dominate the market
by 2022 owing to increase in rate of Internet
penetration in countries such as India, China,
Japan, Malaysia, and Singapore. Additionally,
the growth in implementation of cloud-based
security tools such as identity and access
management (IAM), advanced authentication, and
incident management boosts the organizations in
Asia-Pacific to adopt effective security solutions
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Leading Players
Prominent players such as Cisco Systems, IBM
Corporation, Symantec, Trend Micro, FireEye,
Sophos, and CSC focus on product launch,
acquisition, and partnership for expansion in the
market. For instance, in August 2016, Symantec
Corporation acquired Blue Coat Systems to
introduce advanced security products and help
clients to achieve their goals.
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