The enterprises across various sectors are transforming their businesses into a cloud platform owing to the rising internet penetration, proliferation of smart devices, and therefore the growing BYOD trends. The increasing digitization is exposing enterprises to cyberthreats. The growing cybercrimes, deployment of unprotected IoT devices, and more sophisticated cyberattacks on governments, businesses, educational institutions, and consumers are globally driving the market growth. The heavy investments of enterprises in cyber security solutions to scale back monetary & non-monetary losses, like decreasing customer loyalty, will contribute to the cybersecurity market growth.The unprotected IoT devices enabled with IP sensors are expected to extend vulnerabilities to organizational and user data. Additionally, the increase within the use of cloud-based services and third-party storage is predicted to make new avenues for cyberattacks. These services are creating a connected business environment, leading to an increasing need for robust cybersecurity solutions within the business environment. the mixing of advanced technologies, like AI, machine learning, and deep learning in cybersecurity solutions, to reinforce end-point security solutions and cloud storage security will further drive market growth.
Cybersecurity is that the practice of protecting programs, networks, and systems from digital attacks. These cyber attacks are usually aimed toward accessing, changing, damage or destroying sensitive data and interrupting business processes. Cybersecurity against online threats undertakes greater significance in today’s changing digital landscape. It is become vital among organizations due to rapidly increasing cybercrimes, frauds, threats, risks, and vulnerabilities. Several factors, including increase within the frequency and class of cyber threats, emergence of disruptive digital technologies, stringent data protection regulations for information security are driving the expansion of the cybersecurity market.
The global Cybersecurity market is segregated on the basis of Service as Managed Security Services and Professional Services. Based on Security Type the global Cybersecurity market is segmented in Cloud Security, Network Security, Endpoint Security, and Others. Based on Deployment the global Cybersecurity market is segmented in Cloud and On Premises.
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Based on Vertical, the global Cybersecurity market is segmented in Healthcare, IT and Telecom, Manufacturing, Retail, BFSI, Government and Defense, Energy and Utilities, and Others. The report also bifurcates the global Cybersecurity market based on Organization Size in Large Enterprises and SMEs.
The global Cybersecurity market report provides geographic analysis covering regions, such as North America, Europe, Asia-Pacific, and Rest of the World. The Cybersecurity market for each region is further segmented for major countries including the U.S., Canada, Germany, the U.K., France, Italy, China, India, Japan, Brazil, South Africa, and others.
RSA Security, Sophos, Splunk, Symantec, Trend Micro, Aws, Check Point Software Technologies, Cisco Systems, CyberArk, F5 Networks, and others are among the major players in the global Cybersecurity market. The companies are involved in several growth and expansion strategies to gain a competitive advantage. Industry participants also follow value chain integration with business operations in multiple stages of the value chain.
The Cybersecurity Market has been segmented as below:
Cybersecurity Market, By Service
Managed Security Services
Design and Integration
Risk and Threat Assessment
Training and Education
Support and Maintenance
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The report covers:
Global Cybersecurity market sizes from 2015 to 2024, along with CAGR for 2018-2024
Market size comparison for 2017 vs 2024, with actual data for 2017, estimates for 2018 and forecast from 2019 to 2024
Global Cybersecurity market trends, covering comprehensive range of consumer trends & manufacturer trends
Value chain analysis covering participants from raw material suppliers to the downstream buyer in the global Cybersecurity market
Major market opportunities and challenges in forecast timeframe to be focused
Competitive landscape with analysis on competition pattern, portfolio comparisons, development trends and strategic management
Comprehensive company profiles of the key industry players
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