Cyber Security Market, By Component, By Deployment, By Application, By Geography

Description

The Global Cyber Security Market is estimated to be valued at US$ 245.87 Bn in 2024 and is expected to reach US$ 554.83 Bn by 2031, exhibiting a compound annual growth rate (CAGR) of 12.3% from 2024 to 2031.

Report Coverage		Report Details
Base Year:	2023	Market Size in 2024:	US$ 245.87 Bn
Historical Data for:	2019 to 2023	Forecast Period:	2024 to 2031
Forecast Period 2024 to 2031 CAGR:	12.30%	2031 Value Projection:	US$ 554.83 Bn

Figure. Cyber Security Market Share (%), By Region 2024

Cyber security is concerned with safeguarding critical systems, networks, programs, and data from digital attacks and protecting networks, programs, and data from digital attacks, vulnerabilities, and threats. Rising concerns over data security due to a growing number of cyber-attacks are major factors driving the market. Predictive technologies are playing a crucial role in identifying irregular patterns that can potentially lead to a security breach. This is allowing organizations to allocate appropriate security measures and reduce loss of crucial data. Growing digitization across industries has opened up several avenues for hackers, fueling demand for advanced cyber security solutions globally.

Market Dynamics:

The global cyber security market is driven by factors such as the increasing number of data breaches and cyberattacks faced by organizations. It is estimated that a breach occurs every 11 seconds. Data theft is the primary motive behind such attacks. The lack of skilled security workforce and rising complexity of networks are also compelling enterprises to invest heavily in advanced cyber security solutions for threat detection and mitigation. However, high initial investment and concerns over internal data hacking are some factors expected to restrain market growth. Advancements in technologies such as artificial intelligence, machine learning, and IoT provide lucrative opportunities for market players. Integrating such innovative approaches can enhance threat detection capabilities of cyber security solutions. Vendors are leveraging predictive analysis to identify irregular behaviors and anomalies in order to stay ahead of threat actors.

Key features of the study:

This report provides in-depth analysis of the global cyber security market, and provides market size (US$ Bn) and compound annual growth rate (CAGR%) for the forecast period (2024-2031), considering 2023 as the base year.
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market.
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players.
It profiles key players in the global cyber security market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies.
Key companies covered as a part of this study include Accenture, AWS, Broadcom, Check Point, Cisco, CrowdStrike, CyberArk, Fortinet, IBM, Microsoft, Oracle, Palo Alto Networks, Proofpoint, Rapid7, Trend Micro.
Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics.
The global cyber security market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global cyber security market.

Detailed Segmentation:

By Component
- Hardware
- Software
- Services
By Deployment
- Cloud-based
- On-premises
By Application
- IT & Telecom
- Retail
- BFSI
- Healthcare
- Defense/Government
- Manufacturing
- Energy
- Others (Education, Media & Entertainment)
By Regional
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
Key Players Insights
- Accenture
- AWS
- Broadcom
- Check Point
- Cisco
- CrowdStrike
- CyberArk
- Fortinet
- IBM
- Microsoft
- Oracle
- Palo Alto Networks
- Proofpoint
- Rapid7
- Trend Micro

Product Code: CMI1119

1. Research Objectives and Assumptions

Research Objectives
Assumptions
Abbreviations

2. Market Purview

Report Description
- Market Definition and Scope
Executive Summary
- Market Snippet, By Component
- Market Snippet, By Deployment
- Market Snippet, By Application
- Market Snippet, By Region
Coherent Opportunity Map (COM)

3. Market Dynamics, Regulations, and Trends Analysis

Market Dynamics
- Drivers
- Restraints
- Market Opportunities
Regulatory Scenario
Industry Trend
Merger and Acquisitions
New System Launches/Approvals
Impact of COVID-19 Pandemic

4. Global Cyber Security Market, By Component, 2019-2031, (US$ Bn)

Introduction
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2019-2031
- Segment Trends
Hardware
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Bn)
Software
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Bn)
Service
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Bn)

5. Global Cyber Security Market, By Deployment, 2019-2031, (US$ Bn)

Introduction
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2019-2031
- Segment Trends
Cloud-based
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Bn)
On-premises
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Bn)

6. Global Cyber Security Market, By Application, 2019-2031, (US$ Bn)

Introduction
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2019-2031
- Segment Trends
IT & Telecom
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Bn)
Retail
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Bn)
BFSI
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Bn)
Healthcare
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Bn)
Defense/Government
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Bn)
Manufacturing
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Bn)
Energy
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Bn)
Others (Education, Media & Entertainment)
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Bn)

7. Global Cyber Security Market, By Region, 2019-2031, (US$ Bn)

Introduction
- Market Share Analysis, By Region, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2019-2031
North America
- Regional Trends
- Market Size and Forecast, By Component, 2019-2031, (US$ Bn)
- Market Size and Forecast, By Deployment, 2019-2031, (US$ Bn)
- Market Size and Forecast, By Application, 2019-2031, (US$ Bn)
- Market Size and Forecast, By Country, 2019-2031, (US$ Bn)
  - U.S.
  - Canada
Europe
- Regional Trends
- Market Size and Forecast, By Component, 2019-2031, (US$ Bn)
- Market Size and Forecast, By Deployment, 2019-2031, (US$ Bn)
- Market Size and Forecast, By Application, 2019-2031, (US$ Bn)
- Market Size and Forecast, By Country, 2019-2031, (US$ Bn)
  - U.K.
  - Germany
  - France
  - Russia
  - Rest of Europe
Asia Pacific
- Regional Trends
- Market Size and Forecast, By Component, 2019-2031, (US$ Bn)
- Market Size and Forecast, By Deployment, 2019-2031, (US$ Bn)
- Market Size and Forecast, By Application, 2019-2031, (US$ Bn)
- Market Size and Forecast, By Country, 2019-2031, (US$ Bn)
  - China
  - India
  - Japan
  - ASEAN
  - Australia
  - South Korea
  - Rest of Asia Pacific
Latin America
- Regional Trends
- Market Size and Forecast, By Component, 2019-2031, (US$ Bn)
- Market Size and Forecast, By Deployment, 2019-2031, (US$ Bn)
- Market Size and Forecast, By Application, 2019-2031, (US$ Bn)
- Market Size and Forecast, By Country, 2019-2031, (US$ Bn)
  - Brazil
  - Argentina
  - Mexico
  - Rest of Latin America
Middle East & Africa
- Regional Trends
- Market Size and Forecast, By Component, 2019-2031, (US$ Bn)
- Market Size and Forecast, By Deployment, 2019-2031, (US$ Bn)
- Market Size and Forecast, By Application, 2019-2031, (US$ Bn)
- Market Size and Forecast, By Country, 2019-2031, (US$ Bn)
  - South Africa
  - GCC Countries
  - Rest of the Middle East & Africa

8. Competitive Landscape

Company Profiles
- Accenture
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- AWS
- Broadcom
- Check Point
- Cisco
- CrowdStrike
- CyberArk
- Fortinet
- IBM
- Microsoft
- Oracle
- Palo Alto Networks
- Proofpoint
- Rapid7
- Trend Micro

9. Analyst Recommendations

Wheel of Fortune
Analyst View
Coherent Opportunity Map

10. Research Methodology

References
Research Methodology
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