Cybersecurity Market Analysis & Forecast 2024-2030

Global Cybersecurity Market is expected to reach USD 395.09 million by 2030 with CAGR of 9.3% between 2024 and 2030

Overview

Exponential growth of internet especially in last two decades has increased information security over the internet. Protection of online data, programs, networks and devices are possible due to Cybersecurity. With rising concerns of online theft, attack and damage resulting into development of more advance technologies, processes, and practices combinedly called as Cybersecurity. Global Cybersecurity Market has shown solid growth since 2018 and estimated to further grow with higher growth rate.  

Solution types & Competitive analysis

In-depth study on Global Cybersecurity Market is primarily divided into Solutions, Applications, Key Player analysis & regional outlook. Cloud Security, Data Loss Prevention (DLP), Intrusion Prevention Systems (IPS), Identity and Access Management (IAM), Antivirus/anti-malware, Secure Web Gateway, Network Security among others are solution offered in Cybersecurity. Identity and Access Management (IAM) is largest segment and holds around 24 % of market share in 2019. Increasing corporate infrastructure primarily in developing countries is main driving factor for growth of Identity and Access Management (IAM) segment.  

Competitive analysis included in research study helps users to understand key players market positioning and marketing strategies. Cybersecurity offering organizations investing massive budget and resources on developing new technologies to offer more secure solutions to clients. Companies all around the globe facing interruption and loss of normal business processes due to cyber-attacks. Major Cybersecurity providers are facing challenge to implement effective cybersecurity measures due to more number of devices than people, also attackers are becoming more innovative.  

Application & Regional analysis

Rising population, fast growth of industrial and healthcare infrastructure, increasing disposable income are some of the important driving factors of Global Cybersecurity Market. Banking, Financial Services and Insurance (BFSI) is one of the largest sectors and faces high number of Cyberattacks. In recent years this sector have aggressively transformed and leveraged technology to deal with Cyberattacks. With phishing and Distributed denial-of-service (DDoS) attacks primarily in customers online transaction process has immensely damage BFSI sector. Government and Healthcare sector estimated to show high growth rate during forecasted period.  

Regional outlook of research study is based on analysis of Cybersecurity Market in North America, Europe, Asia Pacific, Middle East, South America, and Africa & Rest of the World. North America is market leader with around 35 % of market share followed by Asia Pacific & Europe. North America is expected to show constant demand growth in upcoming years. Asia Pacific is emerging as most lucrative market primarily due to exponential growth in BFSI and IT sector along with massive industrial expansion in the region. Middle East, South America also shown expected to show impressive growth during forecasted period.  

Analytical tools used while developing research studies include Porter's 5 Forces model, PESTEL analysis, SWOT analysis, market sizing. Opportunities and threat analysis have gained significant importance in recent years primarily due to dynamic nature of technology sector. Study consider 2019 as base year while forecast analysis between 2024 to 2030 is based on historic data from 205 to 2019.  

Global Cybersecurity Market: Solutions Type

• Cloud Security
• Data Loss Prevention (DLP)
• Intrusion Prevention Systems (IPS)
• Identity and Access Management (IAM)
• Antivirus/anti-malware
• Secure Web Gateway
• Network Security
• Others

Global Cybersecurity Market: Application

• Government
• Banking, financial services and insurance (BFSI)
• IT and Telecommunication
• Manufacturing
• Healthcare
• Other

Global Cybersecurity Market: Competitive Analysis

Report includes accurate analysis of key players with Market Value, Company profile, SWOT analysis. The Study constitutes of following key players in Global Cybersecurity Market:

• IBM
• Intel
• McAfee
• Check Point Software
• Fortinet Inc.
• Hewlett Packard
• Microsoft Corporation
• Oracle Corporation
• Cisco Systems Inc.
• F5 Networks Inc.
• FireEye Inc.
• Symantec Corporation
• Splunk Inc

Geographical analysis of Global Cybersecurity Market:

• North America
  • U.S.A
  • Canada
  • Mexico
  • Rest of NA
• Europe
  • France
  • Germany
  • UK
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • Singapore
  • Rest of APAC
• Latin America
• Middle East
• Africa
• Rest of World

Global Cybersecurity Market Report delivers a comprehensive analysis of the following parameters:

• Market Forecast for 2024-2030
• Market growth drivers
• Challenges and Opportunities
• Emerging and Current market trends
• Market player Capacity, Production, Revenue (Value)
• Supply (Production), Consumption, Export, Import analysis
• End user/application Analysis

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