Global Cyber Security Market to Witness 11.1% CAGR During 2018 – 2024, Attaining the Market Size of USD 282.3 billion by 2024

1
Global Cyber Security Market
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2
Industry Overview

• Cyber Security refers to the protection of
  systems connected to the internet such as data,
  software, and hardware from cyber-attacks. 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.
  Different solutions including firewall,
  encryption, identity and access management,
  security, and vulnerability management are
  majorly contributing to the cyber security market
  size. The market has witnessed significant demand
  for these solutions and services over the last
  few years due to the increasing internet
  penetration globally and the simultaneous
  increase in cyber-attacks.
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3
market segmentation

• Among different types of security solutions
  (identity and access management, security and
  vulnerability management, risk and compliance
  management, encryption, firewall, unified threat
  management, web filtering, disaster recovery,
  distributed denial of services mitigation,
  antivirus or antimalware, data loss prevention,
  and intrusion detection systems), web filtering
  solution market is predicted to grow at the
  fastest CAGR during the forecast period. Among
  the different types of services (managed and
  professional), managed security services market
  size will witness the faster growth during the
  forecast period in the cyber security services
  market.

4
Geographic Overview

• Geographically, North America is the largest
  cyber security market as the region is home to a
  large number of industry players and also spends
  a large amount of capital to tackle cyber
  threats. Asia-Pacific is observed to witness
  significant growth in the market during the
  forecast period. As the region comprises of a
  large population with internet access, the
  increasing penetration, and increasing awareness
  among masses and government bodies for tackling
  cyber threats and crimes.

5
Competition among key players

• Market players in the cyber security industry are
  investing capital to develop technologically
  advanced systems for security and vulnerability
  management, risk and compliance management, and
  encryption among others. 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.

6
In
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