The global cybersecurity market is expected to reach a value of USD 390,000.01 million by 2027, at a CAGR of 10.10% over the forecast period (2021-2027)

SkyQuest Technology Consulting Pvt. ltd.

Emerging online e-commerce platforms and introduction of core technologies such as Internet of Things (IoT), Artificial Intelligence (AI), cloud security and others are driving the market for cybersecurity. The major players in the market are focusing their efforts on the development of internet security solutions based on artificial intelligence (AI) platforms. For example, Fortinet, Inc. launched FortiXDR, a fully automated, AI-powered online cyberthreat detection XDR solution, in January 2021. With cumulative investments from Germany, France, India , Spain, South Korea, Italy, Canada, Qatar and others, the growing demand for solutions is expected to gain momentum. Manufacturing, banking, financial services and insurance (BFSI), as well as healthcare are expected to drive the market growth in the coming years.

Westford, USA, May 04, 2022 (GLOBE NEWSWIRE) — Computer security, also known as cybersecurity or information technology security, is the protection of computer systems and networks from the disclosure of information, theft or damage to hardware, software or electronics. data, as well as the disruption or misdirection of the services they provide. The growth of the market can be attributed to the increasing sophistication of cyber attacks. Over the past decade, the frequency and severity of cyber scams and crimes have increased, resulting in huge losses for businesses. Companies around the world have increased their spending on advanced information security technologies to strengthen their internal security infrastructures as cybercrime has increased dramatically. Targeted attacks have grown in popularity in recent years, infiltrating the network infrastructure of targets while remaining anonymous. Attackers with a specific goal typically target endpoints, networks, on-premises devices, cloud-based applications, data, and various other IT infrastructure. The main objective of targeted attacks is to infiltrate the networks of targeted companies or organizations and steal critical information. As a result of these targeted attacks, critical business operations suffer disruption, loss of intellectual property, financial loss, and loss of critical and sensitive customer information. The consequences of targeted cyberattacks affect not only the targeted organizations, but also their national and international customers. Attackers steal personally identifiable information (PII) such as names, phone numbers, addresses, driver’s license numbers and social security numbers, increasing the number of security breaches and thefts of identity.

Read the Market Research Report, “Global Cybersecurity Market Segmented by Type (Network Security, Application Security, Mobile Security, Wireless Security, Cloud Security and Others), Solution (Disaster Recovery, Anti-Malware and Antivirus , mobile device management, firewalls, authentication and authorization, intrusion detection and protection systems (ID/IP systems), network access control, data loss prevention, encryption, DDOS mitigation, information management and Security Events (SIEM), Whitelisting and Others), Verticals (Government, Defense, Aerospace, Banking and Financial Services, Travel and Transportation, Telecommunications, Healthcare, Retail, Manufacturing and Others), Services (Services Consulting, Network Vulnerability Assessment, Managed Security Services, Design & Integration, and Others) and by Region, and Segment Forecast, 2021 – 2027” by SkyQuest

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The cloud computing model is widely adopted due to its powerful and flexible infrastructure. Many organizations direct their preference towards cloud solutions to simplify data storage, and also because they provide remote server access over the Internet, allowing access to unlimited computing power. Implementing a cloud-based model allows organizations to manage all applications as it provides exceptionally hard analytics that run in the background.

Cybersecurity requirements are growing faster than the budgets allocated to meet them. Most small businesses do not have the budget or the IT security expertise to implement enhanced cybersecurity solutions to protect their networks and IT infrastructure from various cyberattacks. Limited capital funding can be a major hurdle for some small and medium businesses embracing the cybersecurity model. Emerging start-ups in developing countries in MEA, Latin America, and APAC often face challenges in obtaining proper finance and funding to implement cybersecurity solutions for their businesses. Capital funding for these companies is primarily acquired for the protection of critical business operations, leaving little to no funding for the advancement of advanced cybersecurity solutions.

The best players of the cybersecurity market are AVG Technologies, Check Point Software Technologies Ltd., Cisco Systems Inc., Cyber ​​Ark Software Ltd., Dell Technologies Inc., FireEye Inc. Fortinet, IBM Corporation, Imperva, Intel Security etc. its market penetration and therefore exponentially growing demand.

The report published by SkyQuest Technology Consulting provides in-depth qualitative information, historical data and verifiable projections on the size of the market. The projections presented in the report have been derived using proven research methodologies and assumptions.

Browse the report summary and full table of contents (ToC):

SkyQuest has segmented the global cybersecurity market on the basis of type, solution, industry, services, and region:

  • Cybersecurity Market by Type (Revenue, USD Million, 2020-2027)

    • internet security

    • Application Security

    • Mobile security

    • Wireless security

    • Cloud Security

  • Cybersecurity Market Outlook by Solutions (Revenue, USD Million, 2020-2027)

    • disaster recovery

    • Anti-malware and Anti-virus

    • Mobile device management

    • firewall

    • Authentication and Authorization

    • Intrusion detection and protection systems (ID/IP systems)

    • Data Loss Prevention

    • encryption

    • DDOS Mitigation

    • Security Information and Event Management (SIEM)

    • Whitelist

  • Cybersecurity Market Outlook by Sector (Revenue, USD Million, 2020-2027)

  • Cybersecurity Market Outlook by Services (Revenue, USD Million, 2020-2027)

  • Cybersecurity Market Regional Outlook (Revenue, USD Million, 2020-2027)

    • North America

    • Europe

      • Germany

      • France

      • UK

      • Italy

      • Spain

      • The rest of Europe

    • Asia Pacific

      • China

      • India

      • Japan

      • Rest of Asia-Pacific

    • Central and South America

    • Middle East and Africa

      • GCC countries

      • South Africa

      • Rest of MEA

List of Cyber ​​Security Market Key Players

  • AVG Technologies (Czech Republic)

  • Check Point Software Technologies Ltd. (Israel)

  • Cisco Systems Inc. (USA)

  • Cyber ​​Ark Software Ltd. (United States)

  • Dell Technologies Inc. (USA)

  • FireEye Inc. (USA)

  • Fortinet (USA)

  • IBM Corporation (USA)

  • Imperva (USA)

  • Intel Security (US)

  • Palo Alto Networks Inc. (USA)

  • Proofpoint Inc. (USA)

  • Rapid7 Inc. (USA)

  • Symantec Corporation (USA)

  • Trend Micro Inc. (Japan)

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