Global Cybersecurity Market, Forecast to 2025, and Covid-19 Impact
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By Security (Application, Cloud, Endpoint, Network, and ICS & Content), Solutions (Antivirus/Antimalware, Encryption, DLP, UTM, Firewall, IDS/IPS, Disaster Recovery, Web filtering and Others)
The global cybersecurity market is expected to grow from USD 129.1 billion in 2019 to USD 216.3 billion in 2025 at a CAGR of 11% from 2020 to 2025. The market in 2020 will see a marginal decline due to the closure businesses and other commercial activities in the year driven by the COVID 19 impact. As a result, the companies’ spending for cybersecurity software is expected to experience a slight dip in 2020.
Scope of the report
- The report extensively covers the growth drivers and challenges of the cybersecurity market to understand the trends in the IT spending globally
- Understand the changing market dynamics due to COVID-19, industrial impact and changing IT spending across regions
- Understand the structure of security market by identifying its various sub segments on the basis on solution and end use segment
- Analysis of the competitive landscape encompassing key players, and identify their strategic focus to help benchmark competitive performances
- To study various types of security solutions dominating the market and understand highly growing solutions in the coming years
The cybersecurity market study includes sales of software, hardware along with related services. The rapid increase in cyber threat and incidents and regulations that require its reporting along with adoption of technologies like IoT, AI, and machine learning are driving the market.
The global cyber security market is segmented based on Security Types, Solution, End Use Industry, and by Region. In terms of security types, the market is segmented into Network Security, Application Security, Cloud Security, Endpoint Security and Others (ICS Security and Content security).
In terms of end use industry, the market is segmented into Government and Security, BFSI, Healthcare, IT, Telecom, Utilities, Manufacturing, and Others. The adoption of cybersecurity solutions is expected to grow with the increasing penetration of the Internet among the developing and developed countries. The need for security solutions has been marked highly by the banking and financial services, information technology, and government and defense sectors.
Cybersecurity solutions are used to secure the network infrastructure and the devices connected to it. The market is segmented by solution Antivirus/antimalware, Encryption, Data Loss Prevention, Unified Threat Management, Firewall, Intrusion Detection System/Intrusion Prevention System, Disaster recovery, Web filtering, and others (Identity & Access Management, Security Information and Event Management and Distributed Denial-of-Service).
By region, the cyber security market size is analyzed across North America, Europe, Asia-Pacific, Middle East and Africa, and Latin America. North America continues to be the largest market for cybersecurity primarily due to growing cloud adoption. Asia Pacific is projected to be the highest growing market and will gain in share marginally by 2025
The global cybersecurity market is fragmented, and is highly competitive. It comprises of several global and regional players. The report encompasses different strategies of the key players to increase their market share including the recent mergers and acquisitions, partnerships and collaborations, business expansions, and product developments. The global cyber security key players include IBM (US), Microsoft (US), Check Point (US), Cisco (US), Palo Alto Networks (US), Splunk (US), Trend Micro (Japan), RSA Security (US), Fortinet (US), McAfee (US), Broadcom (US) HP (US) and Sophos (UK).
The report also covers topics like market characteristics, size and growth, impact of COVID-19, segmentation, market and competitive landscape, market share and trends. It traces the market’s historic and forecast market growth by end use segment and region.
By Security (Application, Cloud, Endpoint, Network, and ICS & Content), Solutions (Antivirus/Antimalware, Encryption, DLP, UTM, Firewall, IDS/IPS, Disaster Recovery, Web filtering and Others)
The global cybersecurity market is expected to grow from USD 129.1 billion in 2019 to USD 216.3 billion in 2025 at a CAGR of 11% from 2020 to 2025. The market in 2020 will see a marginal decline due to the closure businesses and other commercial activities in the year driven by the COVID 19 impact. As a result, the companies’ spending for cybersecurity software is expected to experience a slight dip in 2020.
Scope of the report
- The report extensively covers the growth drivers and challenges of the cybersecurity market to understand the trends in the IT spending globally
- Understand the changing market dynamics due to COVID-19, industrial impact and changing IT spending across regions
- Understand the structure of security market by identifying its various sub segments on the basis on solution and end use segment
- Analysis of the competitive landscape encompassing key players, and identify their strategic focus to help benchmark competitive performances
- To study various types of security solutions dominating the market and understand highly growing solutions in the coming years
The cybersecurity market study includes sales of software, hardware along with related services. The rapid increase in cyber threat and incidents and regulations that require its reporting along with adoption of technologies like IoT, AI, and machine learning are driving the market.
The global cyber security market is segmented based on Security Types, Solution, End Use Industry, and by Region. In terms of security types, the market is segmented into Network Security, Application Security, Cloud Security, Endpoint Security and Others (ICS Security and Content security).
In terms of end use industry, the market is segmented into Government and Security, BFSI, Healthcare, IT, Telecom, Utilities, Manufacturing, and Others. The adoption of cybersecurity solutions is expected to grow with the increasing penetration of the Internet among the developing and developed countries. The need for security solutions has been marked highly by the banking and financial services, information technology, and government and defense sectors.
Cybersecurity solutions are used to secure the network infrastructure and the devices connected to it. The market is segmented by solution Antivirus/antimalware, Encryption, Data Loss Prevention, Unified Threat Management, Firewall, Intrusion Detection System/Intrusion Prevention System, Disaster recovery, Web filtering, and others (Identity & Access Management, Security Information and Event Management and Distributed Denial-of-Service).
By region, the cyber security market size is analyzed across North America, Europe, Asia-Pacific, Middle East and Africa, and Latin America. North America continues to be the largest market for cybersecurity primarily due to growing cloud adoption. Asia Pacific is projected to be the highest growing market and will gain in share marginally by 2025
The global cybersecurity market is fragmented, and is highly competitive. It comprises of several global and regional players. The report encompasses different strategies of the key players to increase their market share including the recent mergers and acquisitions, partnerships and collaborations, business expansions, and product developments. The global cyber security key players include IBM (US), Microsoft (US), Check Point (US), Cisco (US), Palo Alto Networks (US), Splunk (US), Trend Micro (Japan), RSA Security (US), Fortinet (US), McAfee (US), Broadcom (US) HP (US) and Sophos (UK).
The report also covers topics like market characteristics, size and growth, impact of COVID-19, segmentation, market and competitive landscape, market share and trends. It traces the market’s historic and forecast market growth by end use segment and region.
- Introduction
- Objectives Of the Study & Summary
- Definitions and Market Scope
- Research Methodology
- Executive Summary
- Industry Overview
- Impact of COVID19 on the IT Industry
- Industrial sectors moving to digitalization
- IT spending across regions
- Market Dynamics
- Drivers to Cybersecurity
- Market Restraints
- Market and competitive landscape
- Cybersecurity value chain
- Global and regional players
- Market Ranking of key players
- Market developments
- Mergers and acquisitions
- New product launches
- Business expansion initiatives
- Cybersecurity market assessment (USD Million), 2019-2025
- Assessment by end user vertical
- Banking and financial Institutes
- Market
- COVID Impact on industry
- Utilities
- Market
- COVID Impact on industry
- Manufacturing
- Market
- COVID Impact on industry
- Healthcare
- Market
- COVID Impact on industry
- IT
- Market
- COVID Impact on industry
- Telecom
- Market
- COVID Impact on industry
- Defense and security
- Market
- COVID Impact on industry
- Others (retail, oil & gas, etc.)
- Market
- COVID Impact on industry
- Assessment by cybersecurity solution
- Antivirus/Antimalware
- Data Loss Prevention
- Disaster Recovery
- Encryption
- Firewall
- Intrusion Detection Systems/Intrusion Prevention Systems
- Threat Intelligence
- Unified Threat Management
- Web Filtering
- Others
- Assessment by Security Type
- Application Security
- Cloud Security
- Endpoint Security
- Network Security
- Banking and financial Institutes
- Assessment by end user vertical
- Supplier profiles
- Broadcom Inc.
- Overview
- Product and service offerings
- Innovation and market development initiatives
- Hewlett Packard
- Check Point
- Cisco
- Fortinet
- IBM
- Microsoft
- McAfee
- Palo Alto Networks
- Sophos
- Splunk
- Trend Micro
- RSA Security     Â
- Broadcom Inc.
- Â Appendix
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