The global cyber security market will be driven by the rise of cyber crimes in the global era in the forecast period of 2021-2026

The global cyber security market will be driven by the rise of cyber crimes in the global era in the forecast period of 2021-2026

EMR’s new report titled, ‘Global Cyber ​​Security Market Report and Forecast 2021-2026‘, provides an in-depth analysis of the global Cyber ​​Security market, evaluating the market on the basis of its segments such as Component, Security Type, Organization Size, End Uses, and major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses market dynamics, covering key demand and price indicators, along with market analysis based on SWOT and Porter’s Five Forces models.

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Highlights of the report include:

Market Overview (2016-2026):-

  • Historical market size (2020): USD 180 billion
  • Forecast CAGR (2021-2026): 10%
  • Market size forecast (2026): USD 300 billion

In today’s changing digital world, cyber security and protection against online threats are taking on greater importance. Due to the increasing increase in fraud, cybercrime, danger, risks and vulnerabilities, it has become critical within the company. In the recent past, disruptive and evolving technologies in the banking, retail, IT, security, and manufacturing industries have offered new capabilities, fostered automation, and offered ease of operation. However, in the growth of the global threat environment of exploits, vulnerabilities, and malware, these innovations have also become a powerful factor. With an increasing amount of cybercrime, we see an evolving threat environment in the global digital age.

Definition of the industry and main segments

Cybersecurity is a mechanism that protects networks, computers, and programs from digital threats. Cyber ​​attacks generally aim to alter, access, or damage sensitive information; extort money from the client; or disrupt routine business processes. It is also known as information technology security and digital document security.

On the basis of component, the industry is divided into:

  • threat intelligence
  • encryption
  • Data Loss Prevention
  • Unified Threat Management
  • firewalls
  • Anti-virus/Anti-malware
  • Intrusion Detection Systems/Intrusion Prevention Systems
  • Disaster recovery
  • Distributed Denial of Service Mitigation
  • web filtering
  • Others
    • Professional services
    • Managed security services

Based on the type of security, the industry is divided into:

  • cloud security
  • Application security
  • security endpoint
  • data security
  • network security
  • infrastructure protection
  • Others

Depending on the size of the organization, the industry is divided into:

  • Big enterprises
  • Small and medium businesses
  • Others

On the basis of end uses, the industry is divided into:

  • BFSI
  • government and Defending
  • Energy and Public Services
  • Health care
  • IT and telecommunications
  • Manufacturing
  • Retail sale
  • Others

Based on region, the industry is divided into:

  • North America
  • Europe
  • Pacific Asia
  • Latin America
  • Middle East and Africa

market trends

The growing popularity of digitization has forced organizations to rely heavily on digitized information. In an external and internal world, as well as all over the world, the sharing of a large amount of data has made organizations victims of cybercrime through various types of attacks. In addition to your credibility and brand, an effective online attack will damage the company. It can also lead to a loss of competitive advantage and cause substantial financial damage. It becomes important for a business to assess potential risks after high-profile data breaches and theft, prompting them to redesign their cybersecurity posture. Due to companies using cybersecurity solutions for security purposes, North America accounted for the largest market share as the number of cyberattacks continues to grow. As the most technologically advanced country, the US leads the market in North America and has a high level of adoption of cloud technology. Due to the increasing need to escape cyber attacks, Asia-Pacific is forecast to be the fastest growing market during the review period. Additionally, businesses across all verticals are rapidly adopting these options to protect their network and information.

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Key market players

Major market players include 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 changes, expansions, investments, and mergers and acquisitions, among other latest developments of these market players.

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