The Global Cybersecurity Market is expected to register a CAGR of around 11% over the period of 2021-2027.
A comprehensive overview of the global cybersecurity market is recently added by UnivDatos to its humongous database. The report has been aggregated by collecting informative data from various dynamics such as market drivers, restraints, and opportunities. This innovative report makes use of several analyses to get a closer outlook on the cybersecurity market globally. This report offers a detailed analysis of the latest industry developments and trending factors that are influencing market growth. Furthermore, this statistical market research repository examines and estimates the global market at regional and country levels.
Market Overview
The cybersecurity market is expected
to register a robust CAGR over the
period of 2021-2027. The demand for cybersecurity is on the rise due to the
increasing number of people and devices connected to the internet that can be
hacked and the rising malware and phishing threats among people. Hackers don’t just target computers, websites, and servers; any device
based on programming offers an opportunity for them. From the most complex to
the simplest network, if they are connected to the internet, they are highly
prone to cyber-attacks. Therefore, the demand for
cybersecurity solutions and services is likely to grow at an influential rate during the forecast
period.
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Global cybersecurity market report is studied thoroughly with several aspects
that would help stakeholders in making their decisions more curated.
By organization size, the market is
primarily bifurcated into:
Large Enterprises SMEs The large
enterprises segment grabbed a significant market share in 2020 and is expected
to be the prominent market shareholder during the forecast period. The growth
of this segment can be attributed to the increase in spending on IT
infrastructure by large enterprises. Large enterprises have a large volume of
data, due to which they are deploying AI and ML-based security solutions for
the automation of their security platforms. Further on, large enterprises have several complex networks, servers,
storage equipment, and endpoint devices, which puts them at high risk of adequate money
losses in the current scenario. Thereby, the cybersecurity market for this
segment is going to increase in the future.
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By industry, the market is
primarily bifurcated into:
Banking and Financial Services
Healthcare
Information and Communication Technology
Government
Others
The government
segment held a considerable amount of market share in 2020 and is expected to
show substantial growth during the forecast period. One of the major reasons
for the growth of the government segment is the need to protect the huge confidential information about the countries. A secure
government technology infrastructure helps support the delivery of essential
schemes and services. Governments use cybersecurity for national security and
the safety of the local public. Moreover, it is the duty of the government to
control any disease to ensure health and well-being. Hence, a strong
cybersecurity strategy is needed to protect the personal data of citizens and
government data.
Global Cybersecurity Market Geographical
Segmentation Includes:
North America (US, Canada, Rest of North America)
Europe (Germany, France, Spain, United Kingdom, and Rest of Europe)
Asia-Pacific (China, Japan, India, South Korea Rest of APAC)
Rest of the World
North America acquired a considerable
market share in the cybersecurity market and is expected to grow at an
extensive rate mainly owing to the rising
number of high-security data breaches and an increasing number of e-commerce
platforms in the region.
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The major players targeting the market includes:
Cisco Systems Inc.
Check Point Software Technologies Ltd.
Palo Alto Networks Inc.
Fortinet Inc.
International Business Machines Corporation
Sophos Ltd.
Oracle Corporation
McAfee LLC
RSA Security LLC
NortonLifeLock Inc.
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Competitive Landscape
The degree of
competition among prominent companies has been elaborated by analyzing several
leading key players operating globally. The
specialist team of research analysts’ sheds light on various traits such as
global market competition, market share, most recent industry advancements,
innovative product launches, partnerships, mergers, or acquisitions by leading
companies in the global cybersecurity market. The major players have been analyzed by using
research methodologies for getting insight views on market competition.
Key questions resolved through this analytical market
research report include:
What are the latest trends, new patterns, and technological advancements
in the global cybersecurity market?
Which factors are influencing the global cybersecurity market over the forecast period?
What are the global challenges, threats, and risks in the global cybersecurity market?
Which factors are propelling and restraining the global cybersecurity market?
What are the demanding global regions of the global cybersecurity market?
What will be the market size in the upcoming
years?
What are the crucial market acquisition strategies and policies applied
by the companies?
We understand
the requirement of different
businesses, regions, and countries, we offer customized reports as per your
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