Global Cybersecurity Market Overview: Latest Trends, Industry Size, Share and Growth Projection
“Markntel Advisors – Leading Market Research Company” has recently conducted a comprehensive examination of the Global Cybersecurity Market, encompassing the forecast period from 2024-30. Utilizing data from the historical period of 2019-22, with 2023 serving as the base year, our proficient team of analysts has devoted considerable time to gather and scrutinize the latest market information. The result is a thorough and current report that proves valuable for individuals making data-driven decisions, including business owners and analysts. Whether your objective is to explore new markets, introduce a new product, or maintain a competitive edge, our research report on the Cybersecurity Market offers well-researched facts and figures relevant to the industry.
Cybersecurity Market Driver
Increasing Number of Target-Based Cyber-Attacks Augmenting Market Demand – Over the past few years, increasing cybercrime and target-based attacks have vigorously driven the growth of the Cybersecurity Industry. Cyber attackers target network infrastructure, endpoints, and cloud-based applications to cause significant financial losses and disrupt business operations. Rising cybercrimes like the theft of sensitive critical data or information result in huge financial losses; thus, advanced information security technologies have been adopted by businesses across the globe to safeguard their security infrastructure. For instance,
- In 2022, according to the FBI's Internet Crime Report, 8,00,944 complaints of cybercrime were reported to the FBI by the public on a global level.
- Among the complaints received in 2022, phishing and personal data breaches were the top incidents reported. While phishing ranked number one, the associated dollar loss of USD 52 million is small in comparison to investment fraud, which resulted in a USD 3.3 billion loss, an increase of 127% from the previous year.
Target-based cyber-attacks lead to operational disruptions in various sectors such as aviation, defense, telecom, IT, ITeS, and so on; thus, adopting comprehensive cybersecurity solutions to defend against sophisticated attacks has become a crucial factor that is anticipated to augment the size volume of the Global Cybersecurity Market during the forecast period.
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Cybersecurity Market Segmentation Analysis:
The Cybersecurity Market displays a notable combination of robustness and fragmentation, featuring various segments each further subdivided into various sub-segments. Recognizing the significance of market segmentation is crucial for businesses aiming to tailor their strategies, products, and services to align with the specific needs and demands of their target customers. A thorough analysis of market segments and their associated sub-segments empowers businesses to pinpoint new growth opportunities, predict market trends, and devise impactful marketing and sales strategies.
The Global Cybersecurity Market is segmented as follows:
By Offering
- Solution- Market Size Forecast 2019-2030, (USD Million)
-- Standalone Hardware- Market Size Forecast 2019-2030, (USD Million)
-- Software Solution- Market Size Forecast 2019-2030, (USD Million)
- Services- Market Size Forecast 2019-2030, (USD Million)
- Professional Services- Market Size Forecast 2019-2030, (USD Million)
-- Design, Consulting implementation- Market Size Forecast 2019-2030, (USD Million)
-- Risk Threat Management- Market Size Forecast 2019-2030, (USD Million)
-- Training Education- Market Size Forecast 2019-2030, (USD Million)
-- Support Maintenance- Market Size Forecast 2019-2030, (USD Million)
- Managed Services- Market Size Forecast 2019-2030, (USD Million)
By Solution Type
- Identity Access Management (IAM)- Market Size Forecast 2019-2030, (USD Million)
- Antivirus/Antimalware- Market Size Forecast 2019-2030, (USD Million)
- Log Management SIEM- Market Size Forecast 2019-2030, (USD Million)
- Firewall- Market Size Forecast 2019-2030, (USD Million)
- Encryption Tokenization- Market Size Forecast 2019-2030, (USD Million)
- Compliance Policy Management- Market Size Forecast 2019-2030, (USD Million)
- Patch Management- Market Size Forecast 2019-2030, (USD Million)
- Others- Market Size Forecast 2019-2030, (USD Million)
By Deployment mode
- On-premises- Market Size Forecast 2019-2030, (USD Million)
- Cloud- Market Size Forecast 2019-2030, (USD Million)
- Hybrid Cloud- Market Size Forecast 2019-2030, (USD Million)
By Organization size
- Large Enterprises- Market Size Forecast 2019-2030, (USD Million)
- SMEs (Small Medium Enterprises)- Market Size Forecast 2019-2030, (USD Million)
By Security Type
- Network Security- Market Size Forecast 2019-2030, (USD Million)
- Cloud Security- Market Size Forecast 2019-2030, (USD Million)
- Endpoint IoT Security- Market Size Forecast 2019-2030, (USD Million)
- Application Security- Market Size Forecast 2019-2030, (USD Million)
- Others- Market Size Forecast 2019-2030, (USD Million)
By Vertical
- Banking, Financial Services and Insurance (BFSI)- Market Size Forecast 2019-2030, (USD Million)
- Government- Market Size Forecast 2019-2030, (USD Million)
- Healthcare Life Sciences- Market Size Forecast 2019-2030, (USD Million)
- Aerospace Defense- Market Size Forecast 2019-2030, (USD Million)
- Manufacturing- Market Size Forecast 2019-2030, (USD Million)
- IT ITeS- Market Size Forecast 2019-2030, (USD Million)
- Education- Market Size Forecast 2019-2030, (USD Million)
- Retail Ecommerce- Market Size Forecast 2019-2030, (USD Million)
- Energy Utilities- Market Size Forecast 2019-2030, (USD Million)
- Telecommunications- Market Size Forecast 2019-2030, (USD Million)
- Transportation Logistics- Market Size Forecast 2019-2030, (USD Million)
- Media Entertainment- Market Size Forecast 2019-2030, (USD Million)
- Others (Education, Construction, Travel Hospitality)- Market Size Forecast 2019-2030, (USD Million)
By Region
- North America
- South America
- Europe
- The Middle East Africa
- Asia-Pacific
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Leading Cybersecurity Market Player
The report delves into key market players and thoroughly examines their strategic approaches, trends, innovations, and manufacturing infrastructure to project their anticipated market presence over the next five years. The researched data has the capability to differentiate even novice entrants in the long term. Armed with pertinent data and actionable insights, our research report presents a comprehensive landscape of the market, empowering investors and stakeholders to establish a robust position in the Cybersecurity market. Highlighted in the research report are major players, including:
- IBM
- Cisco
- Microsoft
- Palo Alto Networks
- Fortinet, Check Point
- Trellix
- Trend Micro
- Rapid7
- Open Text
- AWS
- Oracle
- Accenture
- Cyberack
- ZScaler
- others
accompanied by their respective net worth and valuation in USD.
Note - If there are any particular details you need that are not currently included in the report, we will be happy to provide them as part of our customization services.
Key Questions Answered in this Cybersecurity Market Analysis Report
- What is the current size of the Cybersecurity Market, and what factors contribute to its growth or contraction?
- How does the Cybersecurity Market share compare among key players, and what strategies are they employing to gain a competitive advantage?
- What latest trends are emerging in the Cybersecurity Market, and how are these trends expected to evolve in the foreseeable future?
- What is the demand outlook for the Cybersecurity Market, and how is it influenced by industry-specific factors and broader economic trends?
- What opportunities exist in the Cybersecurity Market for investors, and what are the latest investment trends and preferences in this sector?
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