Cybersecurity Market

Cybersecurity Market by Product Types (Solutions and Services), Deployments (On-cloud and On-premise), Applications (Aerospace, Defense and Intelligence, Banking, Financial Services and Insurance (BFSI), Healthcare, Manufacturing, Retail, Public Utility, and IT and Telecommunication), and Regions (North America, Latin America, Europe, Asia Pacific, and Middle East & Africa)- Global Industry Analysis, Growth, Share, Size, Trends, and Forecast to 2028

  • Report ID: ICT-SE-826
  • Author: Growth Market Reports
  • Rating: 4.9
  • Total Reviews: 2
  • No. Of Pages: 135
  • Format:
  • Pub. Date: Upcoming
  • Share:

The global cybersecurity market was valued at USD 156.5 Billion in 2020 and is projected to expand at a 14.6% CAGR during the forecast period, 2021 – 2028. The growth of the market is attributed to the increasing number of cyber-attacks across the globe.

Cybersecurity, also known as IT security, refers to the protection of computer systems and networks from theft or damage to the hardware, software, or electronic data. The implementation of cybersecurity solutions avoids disruption or misdirection of the services.

The cybersecurity industry is increasingly gaining traction due to the rising reliance on computer systems, Internet, wireless network such as Bluetooth and Wi-Fi, and rising number of smart devices such as smartphones, televisions, and Internet of things (IoT) related devices.

Global Cybersecurity Market Summary

Market Trends, Drivers, Restraints, and Opportunities:

  • Increasing number of supplies chain-based attacks is expected to boost the cybersecurity market during the forecast period.
  • Emergence of disruptive digital technologies such as IoT and stringent data protection regulations for information security are anticipated to propel the market growth.
  • Rising focus of the government on cybersecurity to counter cyber terrorism attacks is speculated to positively influence the growth of the market.
  • Growing number of pirated and open-source cybersecurity solutions can hinder the cybersecurity market.
  • Ongoing technological advancements in artificial intelligence (AI), machine learning (MI), and blockchain for cyber defense is anticipated to create lucrative opportunities for the market during the forecast period.

Scope of the Report

The report on the global Cybersecurity market research report includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes

Details

Report Title

Cybersecurity Market- Global Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2020

Historic Data

2018–2019

Forecast Period

2021–2028

Segmentation

Product Types (Solutions and Services), Deployments (On-cloud and On-premise), and Applications (Aerospace, Defense and Intelligence, Banking, Financial Services and Insurance (BFSI), Healthcare, Manufacturing, Retail, Public Utility, IT, and Telecommunication)

Regional Scope

North America, Latin America, Europe, Asia Pacific and Middle East & Africa

Report Coverage

Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast

Key Players Covered in the Report

IBM Corporation, Cisco Systems Inc., AVG Technologies NV, Dell Technologies Inc., and Check Point Software Technologies Ltd.

 

Global Cybersecurity Market Segment Insights

Solutions segment to account a major market share
Based on product types, the market is divided into solutions and services. The solutions segment is anticipated to account for a major market share and is expected to maintain its dominance during the forecast period. Increasing demand for solutions to monitor external and in-house threats for large as well as small & medium enterprises (SMEs) is driving the segment growth. Conversely, the services segment is expected to drive at a rapid pace during the forecast period.

Global Cybersecurity Market By Product Type

On-Cloud segment to dominate the market
Based on deployments, the global cybersecurity market is divided into on-cloud and on-premise. The on-cloud segment is expected to dominate the market owing to rapid adoption of cloud-based services among SMEs and large corporations. On-cloud deployment is cost-effective, requires minimal maintenance, and reduces investment on hardware systems.

Global Cybersecurity Market By Deployment

Aerospace, defense, and intelligence segment to account a major market share
Based on applications, the global cybersecurity market has been segmented into aerospace, defense and intelligence, banking, financial services and insurance (BFSI), healthcare, manufacturing, retail, public utility, IT and telecommunication. The aerospace, defense, and intelligence segment are anticipated to account for a major market share owing to growing number of cyberattacks on airplane navigation and guidance systems. Computers and networks for all the ground and air-borne operations require strong security infrastructure. Increasing adoption of machine-to-machine technologies (M2M) in the aerospace domain and rising focus of government state bodies on cybersecurity to counter cyber terrorism is further anticipated to spur the segment growth.

Asia Pacific is to dominant market share
Based on the regions, the global cybersecurity market is segregated into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia Pacific is expected to dominant the market owing to the technological advancements, rapid economic development, increased sophistication of cyber-attacks, growing number of cloud-based solutions, rapid globalization, and massive penetration of smartphones and Internet in emerging countries such as India and China.

Global Cybersecurity Market By Region

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Cybersecurity Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Cybersecurity Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Cybersecurity Market - Supply Chain
  4.5. Global Cybersecurity Market Forecast
     4.5.1. Cybersecurity Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Cybersecurity Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Cybersecurity Market Absolute $ Opportunity
5. Global Cybersecurity Market Analysis and Forecast by Types
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Types
     5.2.2. Y-o-Y Growth Projections by Types
  5.3. Cybersecurity Market Size and Volume Forecast by Types
     5.3.1. Solutions
     5.3.2. Services
  5.4. Absolute $ Opportunity Assessment by Types
  5.5. Market Attractiveness/Growth Potential Analysis by Types
6. Global Cybersecurity Market Analysis and Forecast by Applications
  6.1. Market Trends
  6.2. Introduction
     6.2.1. Basis Point Share (BPS) Analysis by Applications
     6.2.2. Y-o-Y Growth Projections by Applications
  6.3. Cybersecurity Market Size and Volume Forecast by Applications
     6.3.1. Aerospace, Defense and Intelligence
     6.3.2. Banking
     6.3.3. Financial Services and Insurance (BFSI)
     6.3.4. Healthcare
     6.3.5. Manufacturing
     6.3.6. Retail
     6.3.7. Public Utility
     6.3.8. IT & Telecommunication
  6.4. Absolute $ Opportunity Assessment by Applications
  6.5. Market Attractiveness/Growth Potential Analysis by Applications
7. Global Cybersecurity Market Analysis and Forecast by Region
  7.1. Market Trends
  7.2. Introduction
     7.2.1. Basis Point Share (BPS) Analysis by Region
     7.2.2. Y-o-Y Growth Projections by Region
  7.3. Cybersecurity Market Size and Volume Forecast by Region
     7.3.1. North America
     7.3.2. Latin America
     7.3.3. Europe
     7.3.4. Asia Pacific
     7.3.5. Middle East and Africa (MEA)
  7.4. Absolute $ Opportunity Assessment by Region
  7.5. Market Attractiveness/Growth Potential Analysis by Region
  7.6. Global Cybersecurity Demand Share Forecast, 2019-2026
8. North America Cybersecurity Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
  8.2. North America Cybersecurity Market Size and Volume Forecast by Country
     8.2.1. U.S.
     8.2.2. Canada
  8.3. Absolute $ Opportunity Assessment by Country
  8.4. North America Cybersecurity Market Size and Volume Forecast by Types
     8.4.1. Solutions
     8.4.2. Services
  8.5. Basis Point Share (BPS) Analysis by Types
  8.6. Y-o-Y Growth Projections by Types
  8.7. North America Cybersecurity Market Size and Volume Forecast by Applications
     8.7.1. Aerospace, Defense and Intelligence
     8.7.2. Banking
     8.7.3. Financial Services and Insurance (BFSI)
     8.7.4. Healthcare
     8.7.5. Manufacturing
     8.7.6. Retail
     8.7.7. Public Utility
     8.7.8. IT & Telecommunication
  8.8. Basis Point Share (BPS) Analysis by Applications
  8.9. Y-o-Y Growth Projections by Applications
  8.10. Market Attractiveness/Growth Potential Analysis
     8.10.1. By Country
     8.10.2. By Product Type
     8.10.3. By Application
  8.11. North America Cybersecurity Demand Share Forecast, 2019-2026
9. Latin America Cybersecurity Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Latin America Average Pricing Analysis
  9.2. Latin America Cybersecurity Market Size and Volume Forecast by Country
      9.2.1. Brazil
      9.2.2. Mexico
      9.2.3. Rest of Latin America
   9.3. Absolute $ Opportunity Assessment by Country
  9.4. Latin America Cybersecurity Market Size and Volume Forecast by Types
     9.4.1. Solutions
     9.4.2. Services
  9.5. Basis Point Share (BPS) Analysis by Types
  9.6. Y-o-Y Growth Projections by Types
  9.7. Latin America Cybersecurity Market Size and Volume Forecast by Applications
     9.7.1. Aerospace, Defense and Intelligence
     9.7.2. Banking
     9.7.3. Financial Services and Insurance (BFSI)
     9.7.4. Healthcare
     9.7.5. Manufacturing
     9.7.6. Retail
     9.7.7. Public Utility
     9.7.8. IT & Telecommunication
  9.8. Basis Point Share (BPS) Analysis by Applications
  9.9. Y-o-Y Growth Projections by Applications
  9.10. Market Attractiveness/Growth Potential Analysis
     9.10.1. By Country
     9.10.2. By Product Type
     9.10.3. By Application
  9.11. Latin America Cybersecurity Demand Share Forecast, 2019-2026
10. Europe Cybersecurity Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Europe Average Pricing Analysis
  10.2. Europe Cybersecurity Market Size and Volume Forecast by Country
     10.2.1. Germany
     10.2.2. France
     10.2.3. Italy
     10.2.4. U.K.
     10.2.5. Spain
     10.2.6. Russia
     10.2.7. Rest of Europe
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Europe Cybersecurity Market Size and Volume Forecast by Types
     10.4.1. Solutions
     10.4.2. Services
  10.5. Basis Point Share (BPS) Analysis by Types
  10.6. Y-o-Y Growth Projections by Types
  10.7. Europe Cybersecurity Market Size and Volume Forecast by Applications
     10.7.1. Aerospace, Defense and Intelligence
     10.7.2. Banking
     10.7.3. Financial Services and Insurance (BFSI)
     10.7.4. Healthcare
     10.7.5. Manufacturing
     10.7.6. Retail
     10.7.7. Public Utility
     10.7.8. IT & Telecommunication
  10.8. Basis Point Share (BPS) Analysis by Applications
  10.9. Y-o-Y Growth Projections by Applications
  10.10. Market Attractiveness/Growth Potential Analysis
     10.10.1. By Country
     10.10.2. By Product Type
     10.10.3. By Application
  10.11. Europe Cybersecurity Demand Share Forecast, 2019-2026
11. Asia Pacific Cybersecurity Market Analysis and Forecast
  11.1. Introduction
     11.1.1. Basis Point Share (BPS) Analysis by Country
     11.1.2. Y-o-Y Growth Projections by Country
     11.1.3. Asia Pacific Average Pricing Analysis
  11.2. Asia Pacific Cybersecurity Market Size and Volume Forecast by Country
     11.2.1. China
     11.2.2. Japan
     11.2.3. South Korea
     11.2.4. India
     11.2.5. Australia
     11.2.6. Rest of Asia Pacific (APAC)
  11.3. Absolute $ Opportunity Assessment by Country
  11.4. Asia Pacific Cybersecurity Market Size and Volume Forecast by Types
     11.4.1. Solutions
     11.4.2. Services
  11.5. Basis Point Share (BPS) Analysis by Types
  11.6. Y-o-Y Growth Projections by Types
  11.7. Asia Pacific Cybersecurity Market Size and Volume Forecast by Applications
     11.7.1. Aerospace, Defense and Intelligence
     11.7.2. Banking
     11.7.3. Financial Services and Insurance (BFSI)
     11.7.4. Healthcare
     11.7.5. Manufacturing
     11.7.6. Retail
     11.7.7. Public Utility
     11.7.8. IT & Telecommunication
  11.8. Basis Point Share (BPS) Analysis by Applications
  11.9. Y-o-Y Growth Projections by Applications
  11.10. Market Attractiveness/Growth Potential Analysis
     11.10.1. By Country
     11.10.2. By Product Type
     11.10.3. By Application
  11.11. Asia Pacific Cybersecurity Demand Share Forecast, 2019-2026
12. Middle East & Africa Cybersecurity Market Analysis and Forecast
  12.1. Introduction
     12.1.1. Basis Point Share (BPS) Analysis by Country
     12.1.2. Y-o-Y Growth Projections by Country
     12.1.3. Middle East & Africa Average Pricing Analysis
  12.2. Middle East & Africa Cybersecurity Market Size and Volume Forecast by Country
     12.2.1. Saudi Arabia
     12.2.2. South Africa
     12.2.3. UAE
     12.2.4. Rest of Middle East & Africa (MEA)
  12.3. Absolute $ Opportunity Assessment by Country
  12.4. Middle East & Africa Cybersecurity Market Size and Volume Forecast by Types
     12.4.1. Solutions
     12.4.2. Services
  12.5. Basis Point Share (BPS) Analysis by Types
  12.6. Y-o-Y Growth Projections by Types
  12.7. Middle East & Africa Cybersecurity Market Size and Volume Forecast by Applications
     12.7.1. Aerospace, Defense and Intelligence
     12.7.2. Banking
     12.7.3. Financial Services and Insurance (BFSI)
     12.7.4. Healthcare
     12.7.5. Manufacturing
     12.7.6. Retail
     12.7.7. Public Utility
     12.7.8. IT & Telecommunication
  12.8. Basis Point Share (BPS) Analysis by Applications
  12.9. Y-o-Y Growth Projections by Applications
  12.10. Market Attractiveness/Growth Potential Analysis
     12.10.1. By Country
     12.10.2. By Product Type
     12.10.3. By Application
  12.11. Middle East & Africa Cybersecurity Demand Share Forecast, 2019-2026
13. Competition Landscape
  13.1. Global Cybersecurity Market: Market Share Analysis
  13.2. Cybersecurity Distributors and Customers
  13.3. Cybersecurity Market: Competitive Dashboard
  13.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     13.4.1. IBM Corporation
     13.4.2. Cisco Systems Inc.
     13.4.3. AVG Technologies NV
     13.4.4. Dell Technologies Inc.
     13.4.5. Check Point Software Technologies Ltd.
Segments Covered in the Report
The global cybersecurity market has been segmented on the basis of

Product types
  • Solutions
  • Services
Deployments
  • On-cloud
  • On-Premise
Applications
  • Aerospace, Defense and Intelligence
  • Banking
  • Financial Services and Insurance (BFSI)
  • Healthcare
  • Manufacturing
  • Retail
  • Public Utility
  • IT & Telecommunication
Regions
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa
Key Players
  • IBM Corporation
  • Cisco Systems Inc.
  • AVG Technologies NV
  • Dell Technologies Inc.
  • Check Point Software Technologies Ltd.

The key players operating in the global cybersecurity market includes IBM Corporation, Cisco Systems Inc., AVG Technologies NV, Dell Technologies Inc., and Check Point Software Technologies Ltd.

Global Cybersecurity Market By Key Players

Buy Report