Cyber Security Market Global Growth, Size, Share, Demand, Trends and Forecasts to 2026-The News PEDI
Rapidly rising e-commerce activities will be the key driver for the global Cyber Security Market growth during the forecast period. E-commerce giants such as Amazon are fast diversifying their businesses and product offerings and ecosystem of connected devices is getting wider and bigger. For example, in 2017, Amazon reportedly shipped more than 5 billion products globally. According to the OECD’s Creditor Reporting System, funds to the tune of USD 6.6 billion were disbursed to promote cross-border electronic connectivity between 2006 and 2016. Thus, as more people shop and transact online, the globalCyber SecurityMarket revenue is set to get fueled in the forecast period.
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Fortune Business Insights identifies some of the important players in the global Cyber Security Market:
- Palo Alto Networks, Inc.
- Check Point Software Technologies Ltd.
- RSA Security LLC.
- McAfee, LLC
- Symantec Corporation
- Trend Micro Incorporated.
- Qualys, Inc
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1. By Component
- Network Security
- Cloud Security
- Application Security
- End-point Security
- By Deployment
- By Organization Size
- Large Enterprises
- By End-User
- IT and Telecommunications
- Travel and Transportation
- Energy and Utilities
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According to the report by Fortune Business Insights, titled “Cyber Security Market Size, Share and Industry Analysis, By Component (Solutions, Services), By Deployment (On-Premises, Cloud), By Organization Size (SMEs, Large Enterprises), By End-User (BFSI, IT and Telecommunications, Retail, Healthcare, Government, Manufacturing, Travel and Transportation, Energy and Utilities and Others) and Regional Forecast, 2019-2026”, the global Cyber Security Market value is expected to reach USD 289.8 billion by 2026, from its current standing at USD 131.3 billion. The report also contains an in-depth analysis of the various factors and dynamics that will shape the market during the forecast period.
Increasing Reliance on Artificial Intelligence (AI) Solutions to Enhance Market Potential
According to a study by Capgemini, 21% of the companies surveyed reported that they experienced security breaches as their businesses grew. The survey also found out that two-thirds of the companies believe that the implementation of AI will strengthen their security infrastructure. AI technologies are expected to be further augmented by advancements in Machine Learning (ML). This bodes well for the global Cyber Security Market as application AI software gains popularity in the private and public sectors.
Table of Content
5. Global Cyber Security Market Analysis, Insights and Forecast, 2015-2026
5.1. Key Findings / Summary
5.2. Market Size Estimates and Forecasts
5.2.1. By Component (Value)
188.8.131.52.1. Network Security
184.108.40.206.2. Cloud Security
220.127.116.11.3. Application Security
18.104.22.168.4. End-point Security
22.214.171.124.1. Professional Services
126.96.36.199.2. Managed Services
5.2.2. By Deployment (Value)
6. North America Cyber Security Market Analysis, Insights and Forecast, 2015-2026
6.1. Key Findings / Summary
6.2. Market Size Estimates and Forecasts
6.2.1. By Component (Value)
188.8.131.52.1. Network Security
184.108.40.206.2. Cloud Security
220.127.116.11.3. Application Security
18.104.22.168.4. End-point Security
22.214.171.124.1. Professional Services
126.96.36.199.2. Managed Services
6.2.2. By Deployment (Value)
6.2.3. By Organization Size (Value)
188.8.131.52. Large Enterprises
6.2.4. By End-User (Value)
7. Europe Cyber Security Market Analysis, Insights and Forecast, 2015-2026
7.1. Key Findings / Summary
7.2. Key Policies and Regulations
7.3. Market Size Estimates and Forecasts
7.3.1. By Component (Value)
184.108.40.206.1. Network Security
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Creation of Innovative Products to Intensify Competition
Major players in the global Cyber Security Market are looking to gain a competitive edge through different innovations. For example, in 2018, IBM unveiled its cloud security platform, IBM Security Connect, that has been designed to improve response effectivity to cyberattacks by bringing developers, vendors, AI, and data on a common platform. Strategic collaborations among players are also gaining preference. For instance, in 2019, Qualys and Proficio partnered to integrate their cloud-based security technology and managed detection and response capacities respectively.
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