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#Cybersecurity Market to grow from USD 152.71 billion in 2018 to USD 248.26 billion by 2023

 

Dublin - September 28, 2018 (Investorideas.com Newswire) The "Cybersecurity Market by Solution, Service, Security Type, Deployment Mode, Organization Size, Industry Vertical, and Region - Global Forecast to 2023" report has been added to ResearchAndMarkets.com's offering.

The cybersecurity market size to grow from USD 152.71 billion in 2018 to USD 248.26 billion by 2023, at a Compound Annual Growth Rate (CAGR) of 10.2% during the forecast period.

The market growth is expected to be driven by the increasing government compliances and regulatory requirements; the emergence of disruptive digital technologies such as the Internet of Things (IoT), Artificial Intelligence (AI), and big data analytics; and the growing sophistication level of cyber-attacks. However, limited security budget among Small and Medium-sized Enterprises (SMEs) and the easy availability of free and pirated cybersecurity solutions may restrain the growth of the cybersecurity market.

Under solutions, the Identity and Access Management (IAM) segment is expected to hold the largest market size during the forecast period

The IAM solutions segment is estimated to hold the largest market share in 2018. IAM solutions play a critical role in managing enterprises' electronic and digital identities. These solutions help businesses improve their security posture by offering centralized visibility and control of users' access. IAM solutions have registered tremendous adoption in recent years, as they can be quickly and cost-effectively integrated with IAM policies across on-premises and cloud environments.

Under security types, the network security segment is expected to hold the largest market size during the forecast period

The network security segment is expected to hold the largest market size during the forecast period, and this growth can be attributed to the rising number of network security breaches wherein hackers try to illegally gain access to sensitive data. As vulnerabilities have become more complex and sophisticated, the demand for network security products is expected to increase for countering threats.

North America is expected to hold the largest market share, whereas Asia Pacific (APAC) to grow at the highest CAGR during the forecast period

North America is estimated to hold the largest market size and dominate the global cybersecurity market in 2018, due to the presence of a large number of cybersecurity vendors. Increasing information security challenges, due to network complexities, along with the need to meet the strict compliance regulations and enhance employees' productivity, are pushing organizations in North America to adopt cybersecurity solutions. APAC is expected to offer significant growth opportunities to vendors in the cybersecurity market, as countries in this region are investing heavily in deploying cybersecurity and compliance management solutions. APAC offers potential growth opportunities due to the rising demand for cybersecurity solutions across SMEs, and the growth in mobile and web-based applications for business-critical operations.

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

4.1 Attractive Market Opportunities in the Cybersecurity Market

4.2 Market Share of Top 3 Security Types and Regions, 2018

4.3 Top 3 Solutions, 2018-2023

4.4 Cybersecurity Market, by Service, 2018-2023

4.5 Market by Professional Service, 2018

4.6 Market by Deployment Mode, 2018

4.7 Market by Organization Size, 2018

4.8 Top 3 Industry Verticals, 2018

4.9 Market Investment Scenario

5 Market Overview

5.1 Introduction

5.2 Market Dynamics

5.2.1 Drivers

5.2.1.1 Increase in the Frequency and Sophistication of Cyber Threats

5.2.1.2 Emergence of Disruptive Digital Technologies, Such as IoT, Across Industry Verticals

5.2.1.3 Stringent Data Protection Regulations for Information Security

5.2.1.4 Increase in the Number of Supply Chain-Based Attacks Exploiting the Software Supply Chain

5.2.2 Restraints

5.2.2.1 Limited Security Budget Among SMEs

5.2.2.2 Use of Pirated and Open Source Cybersecurity Solutions

5.2.3 Opportunities

5.2.3.1 Increase in the Ecommerce Penetration Across Industry Verticals

5.2.3.2 Leveraging Ai, Machine Learning and Blockchain Technologies for Cyber Defense

5.2.3.3 Growing Need of Cloud-Based Security Solutions Among SMEs

5.2.4 Challenges

5.2.4.1 Dearth of Cybersecurity Expertise for Proactive Strategic Planning

5.2.4.2 Lack of Interoperability With the Existing Information Systems

5.3 Regulatory Implications

5.3.1 General Data Protection Regulation

5.3.2 Payment Card Industry Data Security Standard

5.3.3 Health Insurance Portability and Accountability Act

5.3.4 Federal Information Security Management Act

5.3.5 Gramm-Leach-Bliley Act

5.3.6 Sarbanes-Oxley Act

5.3.7 The International Organization for Standardization 27001

5.4 Use Cases

5.4.1 Adoption of User Behavior Analytics for Detecting Insider Threats in Retail Organization

5.4.2 Dependence of A Leading IT and Telecom Company on DDOS Protection and Mitigation Solution

5.4.3 Dependence of Oil and Gas Organization on Ransomeware Protection Solution

5.4.4 Anomaly Detection Solution Adopted By Electric-Power and Gas Company

5.4.5 Large-Scale Adoption of Email Encryption in Financial Organization

5.5 Innovation Spotlight

5.5.1 Splunk

5.5.2 Cyberbit

5.5.3 Carbon Black

5.5.4 Balbix

6 Cybersecurity Market, By Component

6.1 Introduction

6.2 Solutions

6.3 Services

7 Market By Solution

7.1 Introduction

7.2 Identity and Access Management

7.3 Risk and Compliance Management

7.4 Encryption

7.5 Data Loss Prevention

7.6 Unified Threat Management

7.7 Firewall

7.8 Antivirus/Antimalware

7.9 Intrusion Detection System/Intrusion Prevention System

7.10 Security and Vulnerability Management

7.11 Disaster Recovery

7.12 Distributed Denial of Service Mitigation

7.13 Web Filtering

7.14 Others

8 Cybersecurity Market, By Service

8.1 Introduction

8.2 Professional Services

8.2.1 Design and Implementation

8.2.2 Risk and Threat Assessment

8.2.3 Consulting

8.2.4 Training and Education

8.2.5 Support and Maintenance

8.3 Managed Services

9 Market By Security Type

9.1 Introduction

9.2 Network Security

9.3 Endpoint Security

9.4 Application Security

9.5 Cloud Security

9.6 Others

10 Market By Deployment Mode

10.1 Introduction

10.2 On-Premises

10.3 Cloud

11 Market By Organization Size

11.1 Introduction

11.2 Small and Medium-Sized Enterprises

11.3 Large Enterprises

12 Cybersecurity Market, By Industry Vertical

12.1 Introduction

12.2 Aerospace and Defense

12.3 Government

12.4 Banking, Financial Services, and Insurance

12.5 IT and Telecom

12.6 Healthcare

12.7 Retail

12.8 Manufacturing

12.9 Energy and Utilities

12.10 Others

13 Cybersecurity Market, By Region

13.1 Introduction

13.2 North America

13.2.1 United States

13.2.2 Canada

13.3 Europe

13.3.1 United Kingdom

13.3.2 Germany

13.3.3 France

13.3.4 Rest of Europe

13.4 Asia Pacific

13.4.1 China

13.4.2 Japan

13.4.3 India

13.4.4 Australia and New Zealand

13.4.5 Rest of Asia Pacific

13.5 Middle East and Africa

13.5.1 Middle East

13.5.2 Africa

13.6 Latin America

13.6.1 Brazil

13.6.2 Mexico

13.6.3 Rest of Latin America

14 Competitive Landscape

14.1 Overview

14.2 Competitive Scenario

14.2.1 New Product Launches and Product Enhancements

14.2.2 Partnerships, Agreements, and Collaborations

14.2.3 Mergers and Acquisitions

14.2.4 Business Expansions

15 Company Profiles

15.1 IBM

15.2 Symantec

15.3 FireEye

15.4 Check Point

15.5 Cisco

15.6 Trend Micro

15.7 Sophos

15.8 Rapid7

15.9 McAfee

15.10 Micro Focus

15.11 Microsoft

15.12 Imperva

15.13 Splunk

15.14 F5 Networks

15.15 Proofpoint

15.16 RSA Security

15.17 AWS

15.18 Juniper Networks

15.19 Oracle

15.20 Fortinet

15.21 Palo Alto Networks

15.22 CyberArk

15.23 Forcepoint

15.24 F-Secure

15.25 Qualys

For more information about this report visit https://www.researchandmarkets.com/research/wpcxnv/cybersecurity?w=12

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