The Global Cyber Security Market was worth USD 58.13 billion in the year 2012 and is expected to reach approximately USD 173.57 billion by 2022, while registering itself at a compound annual growth rate (CAGR) of 10.35% during the forecast period.
Cyber Security - Top Major Market Players:
The major players in the market are Symantec Software Solutions Private Limited, Trend Micro, Cisco Systems, Check Point Software Technologies and Fortinet Inc.
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Cyber security is the group of practices, technologies and procedures intended to ensure data, networks, programs and computers from attacks, unauthorized access or damage. Security incorporates both cyber security and physical security in computing context. Guaranteeing cyber security requires composed endeavors all through a data framework. A standout amongst the trickiest components of cyber security is the constantly and rapidly developing nature of security dangers. The conventional approach has been to concentrate most assets on the most vital framework segments and secure against the greatest known dangers, which required abandoning some less essential framework parts undefended and some less unsafe dangers not ensured against. Such an approach is deficient in the present condition.
The emergence of cloud storage has increased the chances of data breaches and cybercrimes. The institution of Internet of Things (IoT) is opening up attack surfaces, using vulnerabilities for network frameworks. This is bringing about the adoption of remote and endpoint security being one of the prime factors that influence the development of the cyber security market. The emerging economies, for example, China, India, Hong Kong, South Korea, and, have high motivating forces in consolidating their IT structures.
The Global Cyber Security market is segmented as follows:
Cyber Security - By Region:
North America - U.S, Canada, Mexico
Europe - Germany, France, UK, Italy, Spain, Rest of Europe
Asia-Pacific - Japan, China, Australia, India, South Korea, Rest of Asia Pacific
Rest of the World - Brazil, South Africa, Saudi Arabia, United Arab Emirates, Others
Cyber Security - Regional Outlook and Trend Analysis:
In 2015 Asia Pacific represented more than 21 percent share of the global industry. The expanding dependence on the Internet has expanded vulnerabilities, giving chances to programmers and assailants. South Korea, Singapore, and Singapore have expanded the extent of their cyber policy structure and the viability of their execution. Nonetheless, nations, for example, Australia, India, and China are concentrating on bringing together the organization of the cyber policy under the government divisions. Latin America is expected to be a developing locale over the gauge time frame. The area has one of the most elevated penetrations of cell phones prompting vulnerabilities for digital assaults as these gadgets are a simple focus for malware attack, stressing the requirement for the advancement of compelling cybercrime security and policies.
Cyber Security - Service Outlook and Trend Analysis
Security models are being outsourced by associations to third party suppliers inferable from lacking security experts in-house, hence boosting the development of security benefits over the estimate time frame. Rising demand for cloud-based security administrations to diminish costs and enhance profitability is anticipated to drive the development of security services over the figure time frame. Managed services are anticipated to have a high development attributable to the expanding dangers from regular extremist exercises. The rising government expenditure for the usage of cyber security arrangements in India and China is boosting the development of security services.
Cyber Security - By Component:
Solutions
Unified threat management
IDS/IPS
Data Loss Prevention (DLP)
Identity Access Management (IAM)
Security Information and Event Management (SIEM)
Distributed Denial of Service (DDoS)
Risk and compliance management
Other Solutions
Services
Professional services
Managed services
Cyber Security - By Security Type:
Enterprise security
Cloud security
Network security
Application security
Other Security Types
Cyber Security - By Deployment:
Cloud
On-premise
Cyber Security - By Organization:
Small and medium enterprises
Large enterprises
Cyber Security - By Application:
IT & Telecom
BFSI
Retail
Healthcare
Automotive
Defense/government
Other Applications
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Cyber Security - Application Outlook and trend Analysis
The BFSI section is anticipated to encounter a solid development in the cyber security market in the upcoming years. The segment is expanding its cyber security expenditure in light of the developing breaches and risks. The expanded utilization of versatility channels for financial transactions and correspondence is expanding the susceptibility for cyberattacks. Banks have actualized a two-factor confirmation for online and mobile banking, which has a high exposure to threats because of the risks like loss of gadget and frail passwords. The defense/government segment is changing progressively as dangers from regular exercises are not any more the main concerns. The assignment of resources for growing investment and research and development of defense programs are foreseen to remain the key patterns in the cyber security industry. For example, the United States President proposed a financial plan of USD 14 billion for 2016 for the digital security endeavors over the administration to shield the private and government systems from cyber assaults.
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Cyber Security - Table of Contents:
1.Introduction
2.Executive Summary
3.Market Overview
4.Cyber Security Market, By Component
4.1.Introduction
4.2.The Cyber Security Market Assessment and Forecast, By Component, 2012-2022
4.3.Solutions
4.4.Services
5.Cyber Security Market, By Security Type
5.1.Introduction
5.2.The Cyber Security Market Assessment and Forecast, By Security Type 2012-2022
5.3.Enterprise security
5.4.Cloud security
5.5.Network security
5.6.Application security
5.7.Other Security Types
...
Key findings of the Cyber Security Market:
The healthcare segment is anticipated to encounter significant development in the upcoming years. The health insurers are the prime focus of the cyber assaults like spear phishing and Advanced Persistent Threats (APTs). The violations and breaks in this area are ascending as the cost of stolen medical record is expanding.
The rising requirement for Security-as-a-Service (SaaS) and cloud-based solutions is anticipated to render growth opportunities to the service segment.
The North American cyber security industry is foreseen to develop at substantial pace in the following years. The expanding cybercrime costs are empowering the district to concentrate on building a solid strength framework for dealing with cybercrimes.
MEA is foreseen to develop at considerable rate over the forecast period. The locale is implementing computerized innovations and applications at a speedier pace, expanding the danger of digital assaults. The extension of digitization all through the area has made cyber security a need for associations.
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To be continued...
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