Retail Cybersecurity Market Size - By Solution, By Deployment Model, Enterprise Size, Vertical, Service & Global Forecast, 2023

Description

List of Tables

Global Retail Cybersecurity Market size will expand at 18.8% CAGR between 2023 and 2032, attributed to the rising ransomware attacks and data breaches. In 2022, IT Governance uncovered a staggering total of 1,063 security incidents, leading to the compromise of a staggering 480,014,323 records. Notably, among these incidents, ransomware attacks constituted 24% of all publicly disclosed cases, with a count of 255. Over the past five years, ransomware attacks have consistently been a favored weapon in cybercriminals' arsenals, with a notable peak in 2021, marked by 401 publicly disclosed incidents.

The surge in ransomware attacks and data breaches has propelled the retail sector to prioritize cybersecurity. As businesses witness the devastating consequences of these incidents on their operations and customer trust, the demand for advanced retail cybersecurity solutions is on the rise. Retailers are investing in robust defenses, leading to the expansion of the retail cybersecurity market to protect their digital assets and sensitive customer information.

The overall retail cybersecurity market is categorized based on solution, deployment model, enterprise size, vertical, service, and region.

Endpoint security segment is poised to expand notably over 2023-2032. Endpoint security solutions are the preferred choice for retail cybersecurity due to their effectiveness in safeguarding the multiple entry points in a retail environment. With diverse devices and systems connected to the network, these solutions offer comprehensive protection at the individual device level. They can detect and mitigate threats in real time, ensuring the security of sensitive customer data, payment transactions, and internal retail operations, thus establishing a robust defense against evolving cyber threats.

SMEs could capture a notable retail cybersecurity market share by 2032. The adoption of retail cybersecurity among SMEs is primarily driven by the growing recognition of the substantial financial and reputational risks associated with data breaches and cyberattacks. SMEs have become increasingly aware of the importance of safeguarding customer information, payment data, and proprietary business assets. Additionally, regulatory requirements and industry standards, coupled with the rise in cyber threats, encourage small and medium-sized enterprises to invest in retail cybersecurity to protect their operations and customer trust.

Europe retail cybersecurity industry is expanding rapidly due to several key factors. The European Union's General Data Protection Regulation (GDPR) enforces strict data protection measures, compelling retailers to invest in robust security solutions to avoid hefty fines. Additionally, the proliferation of online shopping and digital payment methods has made retailers more vulnerable to cyber threats. The rise in high-profile data breaches and ransomware attacks further emphasizes the need for comprehensive cybersecurity measures, driving the growth of the retail cybersecurity sector in Europe.

Product Code: 6539

Chapter 1 Methodology & Scope

1.1 Market scope & definition
1.2 Base estimates & calculations
1.3 Forecast calculation
1.4 Data Sources
- 1.4.1 Primary
- 1.4.2 Secondary
  - 1.4.2.1 Paid sources
  - 1.4.2.2 Public sources

Chapter 2 Executive Summary

2.1 Retail cybersecurity market 360 degree synopsis, 2018 - 2032
2.2 Business trends
- 2.2.1 Total Addressable Market (TAM), 2023-2032
2.3 Regional trends
2.4 Solution trends
2.5 Deployment model trends
2.6 Enterprise size trends
2.7 Vertical trends
2.8 Service trends

Chapter 3 Retail Cybersecurity Market Industry Insights

3.1 Impact on COVID-19
3.2 Russia- Ukraine war impact
3.3 Industry ecosystem analysis
3.4 Vendor matrix
3.5 Profit margin analysis
3.6 Technology innovation landscape
3.7 Patent analysis
3.8 Key news and initiatives
3.9 Regulatory landscape
3.10 Impact forces
- 3.10.1 Growth drivers
  - 3.10.1.1 Rising ransomware threats and data breaches
  - 3.10.1.2 Threat of payment card fraud
  - 3.10.1.3 Presence of stringent data protection regulations
  - 3.10.1.4 Increasing digitalization initiatives across various industries
  - 3.10.1.5 Growing e-commerce industry across the globe
- 3.10.2 Industry pitfalls & challenges
  - 3.10.2.1 Data privacy and compliance
  - 3.10.2.2 Lack of awareness and training
3.11 Growth potential analysis
3.12 Porter's analysis
3.13 PESTEL analysis

Chapter 4 Competitive Landscape, 2022

4.1 Introduction
4.2 Company market share, 2022
4.3 Competitive analysis of major market players, 2022
- 4.3.1 Cisco Systems Inc.
- 4.3.2 IBM Corporation
- 4.3.3 Fortinet
- 4.3.4 CrowdStrike
- 4.3.5 Trend Micro
- 4.3.6 Palo Alto Networks
- 4.3.7 Microsoft Corporation
4.4 Competitive positioning matrix, 2022
4.5 Strategic outlook matrix, 2022

Chapter 5 Retail Cybersecurity Market Estimates & Forecast, by Solution (Revenue)

5.1 Key trends, by solution
5.2 Endpoint security
5.3 Network security
5.4 Data protection
5.5 Application security
5.6 Cloud security
5.7 Others

Chapter 6 Retail Cybersecurity Market Estimates & Forecast, By Deployment Model (Revenue)

6.1 Key trends, by deployment model
6.2 On-premises
6.3 Cloud

Chapter 7 Retail Cybersecurity Market Estimates & Forecast, By Enterprise Size (Revenue)

7.1 Key trends, by enterprise size
7.2 SMEs
7.3 Large enterprises

Chapter 8 Retail Cybersecurity Market Estimates & Forecast, By Vertical (Revenue)

8.1 Key trends, by vertical
8.2 Physical retail
8.3 E-commerce & online retail

Chapter 9 Retail Cybersecurity Market Estimates & Forecast, By Services (Revenue)

9.1 Key trends, by services
9.2 Managed security services
9.3 Consulting services
9.4 Training and education services

Chapter 10 Retail Cybersecurity Market Estimates & Forecast, By Region

10.1 Key trends, by region
10.2 North America
- 10.2.1 U.S.
- 10.2.2 Canada
10.3 Europe
- 10.3.1 UK
- 10.3.2 Germany
- 10.3.3 France
- 10.3.4 Italy
- 10.3.5 Spain
- 10.3.6 Russia
- 10.3.7 Nordics
10.4 Asia Pacific
- 10.4.1 China
- 10.4.2 India
- 10.4.3 Japan
- 10.4.4 South Korea
- 10.4.5 ANZ
- 10.4.6 Southeast Asia
10.5 Latin America
- 10.5.1 Brazil
- 10.5.2 Mexico
- 10.5.3 Argentina
10.6 MEA
- 10.6.1 South Africa
- 10.6.2 Saudi Arabia
- 10.6.3 UAE

Chapter 11 Company Profiles

11.1 Check Point Software Technologies
11.2 Cisco Systems Inc.
11.3 CrowdStrike
11.4 Cylance (acquired by BlackBerry)
11.5 FireEye
11.6 Fortinet
11.7 IBM Corporation
11.8 Kaspersky
11.9 McAfee
11.10 Microsoft Corporation
11.11 Palo Alto Networks
11.12 Qualys
11.13 SentinelOne
11.14 Sophos Group Plc
11.15 Symantec (now part of Broadcom)
11.16 Trend Micro