PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1579922
PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1579922
Global Cyber Security Market Size study, by Component, by Security Type, by Solution, by Services, by Deployment, by Organization Size, by Application, and Regional Forecasts 2022-2032
Global Cyber Security Market is valued at USD 222.66 billion in 2023 and is expected to grow with a compound annual growth rate (CAGR) of 12.3% during the forecast period 2024-2032. As the world becomes increasingly interconnected through digital channels, the demand for robust cyber security measures continues to soar. Cyber security entails a comprehensive range of practices, tools, and technologies designed to safeguard digital ecosystems, including networks, devices, programs, and data, from unauthorized access, cyberattacks, and breaches. Whether safeguarding a small enterprise or defending critical government infrastructures, the need for reliable cyber security solutions has never been greater.
The digital transformation sweeping across industries has driven businesses to implement cyber security solutions to protect valuable data and intellectual property from evolving cyber threats. With cyberattacks becoming more sophisticated, industries have no choice but to enhance their defenses. Leading market drivers such as the growing frequency of cyberattacks, the rise in digitization, and increasingly stringent data protection regulations have further fueled the adoption of these solutions. Additionally, the Internet of Things (IoT) and the proliferation of connected devices have amplified the need for cyber security measures as these devices represent new vulnerabilities in enterprise ecosystems. However, while the cyber security market is experiencing strong momentum, it also faces challenges. One significant obstacle is the high cost associated with implementing robust security solutions, particularly for small and medium-sized enterprises (SMEs). Another challenge is the growing shortage of skilled professionals in the field of cyber security, which hampers the ability of organizations to fully secure their networks. Despite these barriers, the market is witnessing significant opportunities. The growing adoption of cloud services, integration of Artificial Intelligence (AI) for threat detection, and rising investments in research and development are opening new avenues for innovation in the market. AI, in particular, has transformed how companies detect and respond to cyber threats, enhancing the ability to predict and preempt potential attacks.
Regionally, North America continues to dominate the global cyber security market. The region's advanced IT infrastructure, along with stringent regulatory frameworks, drives the adoption of advanced cyber security technologies. The United States, in particular, leads the charge, heavily investing in cyber defense initiatives across both the public and private sectors. However, the Asia-Pacific (APAC) region is set to register the fastest growth during the forecast period, with countries like China and India spearheading the adoption of cyber security measures. Rapid digitization, increasing cyber threats, and growing investments in securing critical sectors such as finance, healthcare, and government are key factors propelling the growth of the cyber security market in this region.
Major market players included in this report are:
- BAE Systems Plc
- Broadcom, Inc.
- IBM Corporation
- McAfee, LLC
- Cisco Systems, Inc.
- FireEye, Inc.
- Fortinet, Inc.
- LogRhythm, Inc.
- Lockheed Martin Corporation
- Check Point Software Technology Ltd.
- Centrify Corporation
- Palo Alto Networks, Inc.
- Splunk, Inc.
- Trend Micro, Inc.
- Sophos Group Plc
The detailed segments and sub-segments of the market are explained below:
By Component
- Hardware
- Software
- Services
By Security Type
- Endpoint Security
- Cloud Security
- Network Security
- Application Security
- Others
By Solution
- Unified Threat Management (UTM)
- IDS/IPS
- Data Loss Prevention (DLP)
- Identity and Access Management (IAM)
- Security Information and Event Management (SIEM)
- Others
By Services
- Professional Services
- Managed Services
By Deployment
- Cloud-based
- On-premises
By Organization Size
- SMEs
- Large Enterprises
By Application
- IT & Telecom
- Retail
- BFSI
- Healthcare
- Government
- Others
By Region:
- North America
- U.S.
- Canada
- Europe
- UK
- Germany
- France
- Spain
- Italy
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
By Region:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
Years considered for the study are as follows:
- Historical year - 2022
- Base year - 2023
- Forecast period - 2024 to 2032
Key Takeaways:
- Market Estimates & Forecast for 10 years from 2022 to 2032.
- Annualized revenues and regional level analysis for each market segment.
- Detailed analysis of geographical landscape with Country level analysis of major regions.
- Competitive landscape with information on major players in the market.
- Analysis of key business strategies and recommendations on future market approach.
- Analysis of competitive structure of the market.
- Demand side and supply side analysis of the market
Table of Contents
Chapter 1. Global Cyber Security Market Executive Summary
- 1.1. Global Cyber Security Market Size & Forecast (2022-2032)
- 1.2. Regional Summary
- 1.3. Segmental Summary
1.3.1. By Component
1.3.2. By Security Type
1.3.3. By Solution
1.3.4. By Services
1.3.5. By Deployment
1.3.6. By Organization Size
1.3.7. By Application
- 1.4. Key Trends
- 1.5. Recession Impact
- 1.6. Analyst Recommendation & Conclusion
Chapter 2. Global Cyber Security Market Definition and Research Assumptions
- 2.1. Research Objective
- 2.2. Market Definition
- 2.3. Research Assumptions
2.3.1. Inclusion & Exclusion
2.3.2. Limitations
2.3.3. Supply Side Analysis
2.3.3.1. Availability
2.3.3.2. Infrastructure
2.3.3.3. Regulatory Environment
2.3.3.4. Market Competition
2.3.3.5. Economic Viability
2.3.4. Demand Side Analysis
2.3.4.1. Regulatory Frameworks
2.3.4.2. Technological Advancements
2.3.4.3. Environmental Considerations
2.3.4.4. Consumer Awareness & Acceptance
- 2.4. Estimation Methodology
- 2.5. Years Considered for the Study
- 2.6. Currency Conversion Rates
Chapter 3. Global Cyber Security Market Dynamics
- 3.1. Market Drivers
3.1.1. Growing Frequency of Cyberattacks
3.1.2. Increasing Digitization and IoT Adoption
3.1.3. Stringent Data Protection Regulations
- 3.2. Market Challenges
3.2.1. High Implementation Costs
3.2.2. Shortage of Skilled Professionals
- 3.3. Market Opportunities
3.3.1. Advancements in AI for Threat Detection
3.3.2. Growth in Cloud Adoption
3.3.3. Increased R&D Investments
Chapter 4. Global Cyber Security Market Industry Analysis
- 4.1. Porter's 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.1.6. Porter's 5 Force Impact Analysis
- 4.2. PESTEL Analysis
4.2.1. Political
4.2.2. Economic
4.2.3. Social
4.2.4. Technological
4.2.5. Environmental
4.2.6. Legal
- 4.3. Top Investment Opportunity
- 4.4. Top Winning Strategies
- 4.5. Disruptive Trends
- 4.6. Industry Expert Perspective
- 4.7. Analyst Recommendation & Conclusion
Chapter 5. Global Cyber Security Market Size & Forecast by Component 2022-2032
- 5.1. Segment Dashboard
- 5.2. Global Cyber Security Market: Hardware Revenue Trend Analysis, 2022 & 2032
- 5.3. Global Cyber Security Market: Software Revenue Trend Analysis, 2022 & 2032
- 5.4. Global Cyber Security Market: Services Revenue Trend Analysis, 2022 & 2032
Chapter 6. Global Cyber Security Market Size & Forecast by Security Type 2022-2032
- 6.1. Segment Dashboard
- 6.2. Endpoint Security Revenue Trend Analysis, 2022 & 2032
- 6.3. Cloud Security Revenue Trend Analysis, 2022 & 2032
- 6.4. Network Security Revenue Trend Analysis, 2022 & 2032
- 6.5. Application Security Revenue Trend Analysis, 2022 & 2032
- 6.6. Other Security Types Revenue Trend Analysis, 2022 & 2032
Chapter 7. Global Cyber Security Market Size & Forecast by Solution 2022-2032
- 7.1. Segment Dashboard
- 7.2. Unified Threat Management (UTM) Revenue Trend Analysis, 2022 & 2032
- 7.3. Intrusion Detection and Prevention Systems (IDS/IPS) Revenue Trend Analysis, 2022 & 2032
- 7.4. Data Loss Prevention (DLP) Revenue Trend Analysis, 2022 & 2032
- 7.5. Identity and Access Management (IAM) Revenue Trend Analysis, 2022 & 2032
- 7.6. Security Information and Event Management (SIEM) Revenue Trend Analysis, 2022 & 2032
- 7.7. Other Solutions Revenue Trend Analysis, 2022 & 2032
Chapter 8. Global Cyber Security Market Size & Forecast by Services 2022-2032
- 8.1. Segment Dashboard
- 8.2. Professional Services Revenue Trend Analysis, 2022 & 2032
- 8.3. Managed Services Revenue Trend Analysis, 2022 & 2032
Chapter 9. Global Cyber Security Market Size & Forecast by Deployment 2022-2032
- 9.1. Segment Dashboard
- 9.2. Cloud-based Revenue Trend Analysis, 2022 & 2032
- 9.3. On-premises Revenue Trend Analysis, 2022 & 2032
Chapter 10. Global Cyber Security Market Size & Forecast by Organization Size 2022-2032
- 10.1. Segment Dashboard
- 10.2. Small & Medium Enterprises (SMEs) Revenue Trend Analysis, 2022 & 2032
- 10.3. Large Enterprises Revenue Trend Analysis, 2022 & 2032
Chapter 11. Global Cyber Security Market Size & Forecast by Application 2022-2032
- 11.1. IT & Telecom Revenue Trend Analysis, 2022 & 2032
- 11.2. Retail Revenue Trend Analysis, 2022 & 2032
- 11.3. BFSI Revenue Trend Analysis, 2022 & 2032
- 11.4. Healthcare Revenue Trend Analysis, 2022 & 2032
- 11.5. Government Revenue Trend Analysis, 2022 & 2032
- 11.6. Other Applications Revenue Trend Analysis, 2022 & 2032
Chapter 12. Global Cyber Security Market Size & Forecast by Region 2022-2032
- 12.1. North America Cyber Security Market
12.1.1. U.S. Cyber Security Market
12.1.1.1. Component Breakdown Size & Forecasts, 2022-2032
12.1.1.2. Security Type Breakdown Size & Forecasts, 2022-2032
12.1.2. Canada Cyber Security Market
- 12.2. Europe Cyber Security Market
12.2.1. UK Cyber Security Market
12.2.2. Germany Cyber Security Market
12.2.3. France Cyber Security Market
12.2.4. Spain Cyber Security Market
12.2.5. Italy Cyber Security Market
12.2.6. Rest of Europe Cyber Security Market
- 12.3. Asia Pacific Cyber Security Market
12.3.1. China Cyber Security Market
12.3.2. India Cyber Security Market
12.3.3. Japan Cyber Security Market
12.3.4. Australia Cyber Security Market
12.3.5. South Korea Cyber Security Market
12.3.6. Rest of Asia Pacific Cyber Security Market
- 12.4. Latin America Cyber Security Market
12.4.1. Brazil Cyber Security Market
12.4.2. Mexico Cyber Security Market
12.4.3. Rest of Latin America Cyber Security Market
- 12.5. Middle East & Africa Cyber Security Market
12.5.1. Saudi Arabia Cyber Security Market
12.5.2. South Africa Cyber Security Market
12.5.3. Rest of Middle East & Africa Cyber Security Market
Chapter 13. Competitive Intelligence
- 13.1. Key Company SWOT Analysis
13.1.1. BAE Systems Plc
13.1.2. IBM Corporation
13.1.3. Cisco Systems, Inc.
- 13.2. Top Market Strategies
- 13.3. Company Profiles
13.3.1. Broadcom, Inc.
13.3.2. Check Point Software Technology Ltd.
13.3.3. FireEye, Inc.
13.3.4. Fortinet, Inc.
13.3.5. Lockheed Martin Corporation
Chapter 14. Research Process
- 14.1. Research Process
14.1.1. Data Mining
14.1.2. Analysis
14.1.3. Market Estimation
14.1.4. Validation
14.1.5. Publishing
- 14.2. Research Attributes
