30-Mar-2020 | Facts and Factors
Findings from Facts and Factors report “Cybersecurity Market By Component (Solutions and Services), By Solution/Offerings (Identity And Access Management, Infrastructure Security, Governance Risk & Compliance, Unified Vulnerability Management Service Offering, and Data Security & Privacy Service Offering), Deployment Type (Cloud and On-Premises), User Type (Large Enterprises and Small & Medium Enterprises), Industry Verticals (Aerospace & Defense, BFSI, Public sector, Retail, Healthcare, IT & Telecom, Energy & Utilities, Manufacturing, and Others), And By Region: Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecasts, 2020–2026” states that the global cybersecurity market in 2019 was approximately USD 140 Billion. The market is expected to grow at a CAGR of nearly 11% and is anticipated to surpass USD 275 Billion by 2026.
Cybersecurity is an integrated set of tools and technologies exploited to safeguard networks, programs, and data-loaded machines that can be accessed through any unlicensed dataset either intentionally or accidentally. Considerable progress has been observed in cybersecurity solutions during the past few years owing to the growing prevalence of cyber threats. The cybersecurity market will pursue a positive growth trend owing to the rising adoption of BYOD trend and IoT-based technologies among various multinational companies along with the growing incidences of phishing and malware threats in recent years.
Browse the full “Cybersecurity Market By Component (Solutions and Services), By Solution/Offerings (Identity And Access Management, Infrastructure Security, Governance Risk & Compliance, Unified Vulnerability Management Service Offering, and Data Security & Privacy Service Offering), Deployment Type (Cloud and On-Premises), User Type (Large Enterprises and Small & Medium Enterprises), Industry Verticals (Aerospace & Defense, BFSI, Public sector, Retail, Healthcare, IT & Telecom, Energy & Utilities, Manufacturing, and Others), And By Region: Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecasts, 2020–2026" https://www.fnfresearch.com/global-cybersecurity-market-by-component-solutions-and-services-1005
Moreover, cloud storage and analytics technology are gaining high prominence in several data management industries. Hence, the demand for cybersecurity solutions to safeguard cloud data is increasing at a remarkable rate. However, the global cybersecurity market is potentially being hampered due to the obligations set for the cybersecurity services providers to comply with the regulations, standards, and complexities related to device security.
The “service” category under the component segment to witness a splendid growth during the study timeframe
The component segment bifurcates the global cybersecurity industry into solution and service, of which the service segment is anticipating substantial growth in the upcoming few years. The anticipated significant growth in the cybersecurity service segment during 2020–2026 is attributed to the extensive adoption of cybersecurity services to manage and secure crucial data of enterprises.
North America to sustain the dominating position in the global cybersecurity market throughout the forecast period
North America is projected to maintain its dominance in the cybersecurity sector during 2020–2026 by holding significant market share. The key factor supporting the dominance of North America in the global market is that the majority of the leading players are headquartered in the region. However, the Asia Pacific cybersecurity market is witnessing a striking growth in the next few years owing to the rapid adoption of advanced technologies, growing prominence of cloud-based solutions, and swift economic development.
Report Scope
Report Attribute |
Details |
Market Size in 2019 |
USD 140 Billion |
Projected Market Size in 2026 |
USD 275 Billion |
CAGR Growth Rate |
11% CAGR |
Base Year |
2019 |
Forecast Years |
2020-2026 |
Key Market Players |
McAfee, Cisco Systems, Microsoft, Rapid7, IBM Corporation, Trend Micro, Palo Alto Networks, FireEye, Sophos, AWS, Oracle, Symantec, Fortinet, Micro Focus, RSA Security, Check Point Software Technologies, Imperva, Proofpoint, F-Secure, and Cyberark, and Others |
Key Segment |
By Component, Offerings, Deployment Type, User Type, Industrial Vehicle, and Region |
Major Regions Covered |
North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa |
Purchase Options |
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Some of the key players driving the global cybersecurity market are McAfee, Cisco Systems, Microsoft, Rapid7, IBM Corporation, Trend Micro, Palo Alto Networks, FireEye, Sophos, AWS, Oracle, Symantec, Fortinet, Micro Focus, RSA Security, Check Point Software Technologies, Imperva, Proofpoint, F-Secure, and Cyberark, among others.
This report segments the global cybersecurity market as follows:
Global Cybersecurity Market: Component Segmentation Analysis
Global Cybersecurity Market: Offerings Segmentation Analysis
- Identity and Access Management (IAM)
- Infrastructure security
- Governance, risk, & compliance
- Unified vulnerability management service offering
- Data security and Privacy service offering
Global Cybersecurity Market: Deployment Type Segmentation Analysis
Global Cybersecurity Market: User Type Segmentation Analysis
- Large enterprises
- Small & medium enterprises
Global Cybersecurity Market: Industrial Vehicle Segmentation Analysis
- Aerospace and Defense
- BFSI
- Public sector
- Retail
- Healthcare
- IT and Telecom
- Energy and Utilities
- Manufacturing
- Others
Global Cybersecurity Market: Regional Segmentation Analysis
- North America
- Europe
- Germany
- The UK
- France
- Spain
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Southeast Asia
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- GCC
- South Africa
- Rest of Middle East & Africa
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