The globalcyber security marketsize is expected to reach USD 311.73 Billion at a steady CAGR of 7.6% in 2028, according to latest analysis by Emergen Research.The key players financial positions, along with their gross profits, sales volumes, sales revenue, manufacturing costs, and other financial ratios, have been accurately gauged in the report. Furthermore, several analytical tools like investment assessment, SWOT analysis, and Porters Five Forces Analysis have been implemented by our analysts team to evaluate the production and distribution capacities of the Cyber Security market players.
Growing popularity of digitalization has prompted various organizations to rely on digitalized information. Sharing of such information externally or internally has made organizations vulnerable to cybercrime through different mediums. A successful online attack can harm the reputation of an enterprise as well as impact brand value.Cloud deployment leads to vulnerabilities in software and makes information easily accessible by cyber criminals. Companies are focused on improving their cyber security software to protect their data from cyber-attacks.
In March 2020, Sina Weibo, which is a Chinese version to Twitter, was hacked and site usernames, real name, location, and gender of 172 million users, including phone numbers, were posted on the dark web market.
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Key players in the market include IBM Corporation, Cisco Systems, Juniper Networks, CyberArk, Forcepoint, McAfee, Microsoft, F5 Networks, Oracle, and Fortinet.
The report carefully investigates the present market scenario and the fundamental growth prospects.Therefore, the report, published by Emergen Research, is a detail-oriented compilation of the crucial aspects of the Cyber Security market, including the key players product offerings, the wide application range of these products, the major market segments, leading market contenders, their company profiles, pricing strategies, production capacities, revenue generation schemes, technological advancements, and many others.
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Exhaustive coverage of the COVID-19 impact on the Cyber Security industry is a major attraction of the report. The global health emergency has beleaguered the global economy, thereby disrupting this particular business domains functioning mechanism. It assesses the present market scenario and forecasts the pandemics aftermath in this business sector to help organizations boost their COVID-19 preparedness. The detailed insights into the markets geographical spectrum offered by the report make it an excellent source of knowledge about the Cyber Security industry.
Emergen Research has segmented the global cyber security market on the basis of component, solution, services, security type, deployment, organization size, end-use, and region:
- Component Outlook (Revenue, USD Billion; 20182028)
- Solution Outlook (Revenue, USD Billion; 20182028)
- Threat Intelligence
- Identity and Access Management
- Security and Vulnerability Management
- Risk and Compliance Management
- Others (Others include threat intelligence platforms, SIEM, and incident forensics)
- Data Loss Prevention
- Network DLP
- Storage/ Data Center DLP
- Endpoint DLP
- Unified Threat Management
- Antivirus/ Antimalware
- Intrusion Detection Systems/ Intrusion Prevention Systems
- Disaster Recovery
- Distributed Denial of Service
- Web Filtering
- Others (Other solutions include application whitelisting and patch management)
- Threat Intelligence
Key geographical areas:
- North America
- Asia Pacific
- Latin America
- Middle East Africa
Key Objectives of the Report:
Analysis and estimation of the Cyber Security market size and share for the projected period of 2020-2027
Extensive analysis of the key players of the market by SWOT analysis and Porters Five Forces analysis to impart a clear understanding of the competitive landscape
Study of current and emerging trends, restraints, drivers, opportunities, challenges, growth prospects, and risks of the global Cyber Security market
Analysis of the growth prospects for the stakeholders and investors through the study of the promising segments
Strategic recommendations to the established players and new entrants to capitalize on the emerging growth opportunities
The report considers the following timeline for market estimation:
- Historical Years: 2017-2018
- Base Year: 2019
- Estimated Year: 2027
- Forecast Years: 2020-2027
Valuable Market Insights:
- The report highlights the latest trends observed in the consumption pattern of each regional segment.
- Extensive market segmentation included in the report helps better understand the revenue and estimated growth of the individual regions.
- The report throws light on the historical and current market scenarios and provides a concise year-on-year growth rate of the global Cyber Security market.
- The report further entails the current market trends, technological advancements, revenue growth, and other aspects affecting market growth.
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