Global Cyber Security Market to be Driven by Increase in Cyber Crimes in Global Era During Forecast Period 2021-2026
30 NORTH GOULD STREET, WYOMING, USA, August 18, 2022 /EINPresswire.com/ — Expert Market Research’s new report titled “Global Cybersecurity market share Report and Forecast 2021-2026′, gives an in-depth analysis of the global cybersecurity market, rating the market based on its segments such as component, security type, organization size, end uses, and major regions.
The report tracks the latest industry trends and studies their impact on the overall market. It also assesses market dynamics, covering key demand and price indicators, as well as market analysis based on SWOT and Porter’s Five Forces models.
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Key highlights of the report include:
Market Overview (2016-2026):-
Historical market size (2020): USD 180 billion
Forecast CAGR (2021-2026): 10%
Projected market size (2026): 300 billion USD
In today’s ever-changing digital world, cybersecurity and protection against online threats are becoming increasingly important. Due to increasing fraud, cybercrime, dangers, risks and vulnerabilities, it has become business critical. In the recent past, disruptive and evolving technologies in the banking, retail, IT, security, and manufacturing industries have offered new capabilities, encouraged automation, and provided ease of management. ‘use.
However, in the growing global threat environment of exploits, vulnerabilities, and malware, these innovations have also emerged as a powerful factor. With an increase in cybercrime, an evolving threat environment is seen in the global digital age.
Industry definition and major segments
Cybersecurity is a mechanism that protects networks, computers and programs from digital threats. Typically, cyberattacks aim to modify, access or harm confidential information; extort money from customers; or disrupt normal business processes. It is also known as information technology security and digital document security.
On the basis of component, the industry is divided into:
Data Loss Prevention
Unified Threat Management
Intrusion Detection Systems/Intrusion Prevention Systems
Distributed Denial of Service Mitigation
Managed Security Services
Based on the type of security, the industry is divided into:
On the basis of organization size, the industry is divided into:
Small and medium enterprises
On the basis of end uses, the industry is divided into:
Government and Defense
Energy and Utilities
IT and Telecom
Based on region, the industry is divided into:
Middle East and Africa
The growing popularity of digitization has compelled organizations to rely heavily on digitized information. In an external and internal world as well as across the globe, the exchange of large amount of data has made organizations victims of cyber crime through different types of attacks. In addition to its credibility and brand, an effective online attack will harm the business. It can also lead to a loss of competitive advantage and cause significant financial harm.
It becomes important for a business to assess potential risks in the wake of high-profile data breaches and thefts, signaling them to rethink their cybersecurity stance. Due to companies using cyber security solutions for security purposes, North America accounted for the largest market share as the number of cyber attacks keeps increasing.
As it is the most technologically advanced country, the United States dominates the market in North America and has a high level of adoption of cloud technology. Due to the growing need to evade cyberattacks, Asia-Pacific is expected to be the fastest growing market during the forecast period. Additionally, businesses in all industries are rapidly adopting these options to protect their network and information.
Read the full report with table of contents – https://www.expertmarketresearch.com/reports/cyber-security-market
Main market players
Major market players are BAE Systems plc, Cisco Systems, Inc., Check Point Software Technologies Ltd, Dell Inc., IBM Corporation, Intel Security and others. The report covers market shares, capacities, plant rotations, expansions, investments, and mergers and acquisitions, among other latest developments of these market players.
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