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Cyber Security Market Analysis, Emerging Trends, Key Players, Future Scope

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Geographically, the cyber security market in the Asia-Pacific (APAC) region will observe the fastest growth during the forecast period. – PowerPoint PPT presentation

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Title: Cyber Security Market Analysis, Emerging Trends, Key Players, Future Scope


1
2022
Cyber Security Market Size, Business Strategies,
Opportunities, Growth, Challenges, Business
Trends and Forecast 2030
2
A number of factors, such as the increasing
number of cyber threats, surging penetration of
smartphones and the internet, rapid growth in
digitization, rising adoption of cloud computing,
stringent government regulations for data privacy
and the increasing requirement to safeguard
customers confidential data, as a result, are
expected to drive the growth of the cyber
security market at a CAGR of 12.6 during the
forecast period (20202030). According to PS
Intelligence, the market generated 119.9 billion
revenue in 2019, and it is expected to reach
433.6 billion by 2030. One of the prime
factors driving the cyber security market is the
increasing number of data breaches. The major
reasons behind these incidents include weak
passwords, improper configurations, complex
access permissions, and malware attacks.
Moreover, the number is increasing due to the
surging focus of companies on shifting their
database to cloud networks. Hence, the need for
cyberattack prevention in the current business
landscape is surging. Cybersecurity solutions can
prevent data breaches as they avert unauthorized
access and examine and recognize cyber threats
and vulnerabilities at an early stage.
3
Another key factor driving the demand for
cybersecurity solutions is the surging adoption
of mobile devices. Devices with advanced
features, such as laptops, personal computers,
and smartphones, are being bought at a large
scale as they offer access to the internet,
emails, and several other applications.
Smartphone penetration across the globe stood at
around 65 in 2019, and it is projected to reach
nearly 80 in 2025. However, security solutions
like firewalls are not updated on a regular basis
on these devices, which makes them vulnerable to
cyberattacks. The cyber security market is
bifurcated into large enterprises and small and
medium enterprises (SMEs), based on enterprise.
Between the two, large enterprises accounted for
the larger market share in 2019 owing to their
surging focus on digital transformation,
increasing requirement for enhanced digital
security to secure vast amounts of data, complex
network infrastructure, and shifting database to
the cloud network. SMEs are projected to observe
the higher CAGR during the forecast period due to
their increasing focus on protecting confidential
data and rising adoption of the cloud computing
technology.
4
Moreover, the industry segment of the cyber
security market is categorized into banking,
financial services, and insurance (BFSI),
aerospace defense, retail, government,
healthcare, information technology (IT)
telecom, and manufacturing. Among these, the BFSI
industry accounted for the highest revenue in
2019 in the market. This is ascribed to the
surging need of the sector to meet compliance
regulations, increasing adoption of digital
technologies, rising number of financial
institutions, and increasing need to protect
communication channels from cyberattacks.
Geographically, the cyber security market in
the Asia-Pacific (APAC) region will observe the
fastest growth during the forecast period. This
can be ascribed to the surging traffic on online
platforms, rising number of cyber threats,
increasing adoption of big data analytics,
growing focus of governments on data security,
and surging deployment of the cloud computing
technology. Additionally, the growing e-commerce
sector, rapid digital transformation, increasing
need to safeguard the data of customers, rising
adoption of connected devices, and growing
awareness regarding cybersecurity are driving the
regional market growth. Thus, the increasing
number of data breaches, surging deployment of
mobile devices, and rising adoption of the cloud
computing technology across the globe are
expected to propel the market growth during the
forecast period.
5
  • Market Segmentation by Component
  • Solutions
  • Risk and compliance management
  • Identity and access management (IAM)
  • Firewall
  • Security and vulnerability management (SVM)
  • Encryption
  • Intrusion detection system/intrusion prevention
    system (IDS/IPS)
  • Unified threat management (UTM)
  • Distributed Denial of Service (DDoS) attack
  • Antivirus
  • Data loss prevention (DLP)
  • Others
  • Services
  • Managed
  • Design and integration
  • Risk and threat management
  • Support and maintenance
  • Consulting

6
  • Market Segmentation by Security Type
  • Application
  • Network
  • Endpoint
  • Cloud
  • Enterprise
  • Others
  • Market Segmentation by Deployment
  • On-Premises
  • Cloud
  • Market Segmentation by Enterprise
  • Large Enterprises
  • Small and Medium Enterprises (SMEs)

7
  • Market Segmentation by Use Case
  • Security Monitoring
  • Network Traffic Analysis
  • Threat Hunting
  • Incident Response
  • Data Exfiltration
  • Others
  • Market Segmentation by Industry
  • Aerospace Defense
  • Government
  • Banking, Financial Services, and Insurance (BFSI)
  • Healthcare 
  • Retail 
  • Information Technology (IT) Telecom 
  • Manufacturing 
  • Others

8
  • Market Segmentation by Region
  • North America Cyber Security Market
  • By component
  • By security type
  • By deployment
  • By enterprise
  • By use case
  • By industry
  • By country U.S. and Canada
  • U.S. cyber security market
  • By use case
  • By industry
  • Europe Cyber Security Market
  • By component
  • By security type
  • By deployment
  • By enterprise
  • By use case
  • By industry

9
  • By country U.K., Germany, France, Italy, Spain,
    and Rest of Europe
  • U.K. cyber security market
  • By use case
  • By industry
  • Germany cyber security market
  • By use case
  • By industry
  • Asia-Pacific (APAC) Cyber Security Market
  • By component
  • By security type
  • By deployment
  • By enterprise
  • By use case
  • By industry
  • By country China, Japan, Australia, India,
    South Korea, Rest of APAC
  • China cyber security market
  • By use case
  • By industry

10
  • Middle East Africa (MEA) Cyber Security market
  • By component
  • By security type
  • By deployment
  • By enterprise
  • By use case
  • By industry
  • By country U.A.E., Saudi Arabia, Turkey, South
    Africa, and Rest of MEA
  • Latin America (LATAM) Cyber Security Market
  • By component
  • By security type
  • By deployment
  • By enterprise
  • By use case
  • By industry
  • By country Brazil, Mexico, Rest of LATAM

11
  • This study covers
  • Historical and the present size of the Cyber
    Security Market
  • 2. Historical and the present size of the market
    segments and understand their comparative future
    potential
  • 3. Potential of on-demand logistics services, so
    the market players make informed decisions on the
    sales of their offerings
  • 4. Competitive scenario of various market
    segments across key countries in several regions
    for uncovering market opportunities for the
    stakeholders
  • 5. Major players operating in the market and
    their service offerings

12
Disclaimer PS Intelligence always keeps its
customers interests at the core while carrying
out research activities. PS Intelligence ensures
the reliability and accuracy of information and
data provided in its market research
publications. However, the information in
publications is subject to fluctuations, as it is
based on primary interviews of officials from
various companies or organizations. PS
Intelligence is not responsible for any incorrect
data provided by the key industry players of the
concerned domain. the information or analysis in
PS Intelligence publications represents opinions
based on research and should not be interpreted
as statements of fact. Information in this report
was believed to be correct at the time of
publication, but cannot be guaranteed. PS
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