The cyber security market is expected to grow from USD 148.1 billion in 2018 to USD 267.7 billion by 2026, at a CAGR of 8.9% during the forecast period. Focus of enterprises and government for secured sharing of information, rise in digitized workplaces mobile workforce, increasing number of supply chain-based attacks damaging the software supply chain, strict government norms regarding security of data, increasing demand for cloud based solutions, increase in the Ecommerce penetration across industry verticals and leveraging AI, machine learning and block chain technologies for cyber defence are some of the driving factors of the market.
Budget limitation of cyber security solutions, use of pirated and open source cyber security solutions, no cyber security expertise for proactive strategic planning and no interoperability with the existing information systems may be the major restraining factors for the cyber security market.
Leading Participants
Sophos (UK), Cisco (US), F5 Networks (US), CyberArk (Israel), FireEye (US), Forcepoint (US), Check Point (US), Fortinet (US), Amazon Web Services (US), Oracle (US), Imperva (US), Qualys (US), Palo Alto Networks (US), RSA Security (US), McAfee (US), F-Secure (Finland), Micro Focus (UK), Microsoft (US), Proofpoint (US), Symantec (US), IBM (US), Rapid7 (US), Splunk (US), Trend Micro (Japan), and Juniper Networks (US), among others.
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The industry is driven by an increase in the usage and preference for electric vehicles in the world. Electric vehicles are now swiftly taking up space and could potentially eradicate fuel-driven vehicles in a decade. Now, the more the vehicles are using IoT, the more there is a need for cyber security. Therefore, the boost in demand for EVs post the lockdown will act as a driver of the industry. The industry also has a few restraints, which are mentioned in the report. The factors that influence the trends of the industry are segmented into drivers and restraints to increase comprehensibility.
Segments covered in the report:
This report forecasts revenue growth at a global, regional country level, and provides an analysis on the industry trends in each of the sub-segments from 2016 to 2026. For the purpose of this study, Reports and Data have segmented on the basis of deployment type, security type, component, organization size, Industry vertical and regional analysis.
Deployment type Outlook (Revenue, USD Million; 2018–2026)
- Cloud
- On-Premises
Others (Application Whitelisting and Patch Management)
- Services
- Professional Services
- Design and Implementation
- Risk and Threat Assessment
- Consulting
- Training and Education
- Support and Maintenance
- Managed Services
Organization size (Revenue, USD Million; 2018–2026)
- Large Enterprises
- Small and Medium-Sized Enterprises
Industry vertical Outlook (Revenue, USD; 2018-2026)
- Aerospace and Defense
- Government
Banking, Financial Services, and Insurance (BFSI)
- IT and Telecom
- Healthcare
- Retail
- Manufacturing
- Energy and Utilities
Others (Education, Media And Entertainment, and Transportation and Logistics)
Regional Outlook (Revenue, USD Million; 2018–2026)
- North America
- US
- Canada Mexico
- Europe
- Germany
- France
- UK
- Rest Of Europe
- Asia Pacific
- China
- Japan
- South Korea
- Rest Of APAC
- RoW
- Middle East Africa
- South America
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