Cybersecurity Market Share, Size, Analysis, Report- By Components (Hardware, Software, Services), By Security Type (Endpoint, Cloud, Network, Application, Infrastructure Protection, Data Security, Others), By Solution (UTM, IDS/IPS, DLP, IAM, SIEM, DDoS, Risk & Compliance), By Deployment (Cloud-based, On-premise), By End User (IT & Telecom, Retail, BFSI, Healthcare, Defense/Government, Manufacturing, Energy)- Global Opportunity Analysis and Industry Forecast, 2020 – 2030

Cybersecurity Market held USD 157 billion in 2020 and is to grow with a CAGR of 8.89% from 2021-2030. Cybersecurity protects the data and integrity of computing resources connected or installed on a corporate network. Its mission is to defend these resources against all hackers throughout the attack cycle. Cybersecurity is one of the most important smart contract access control service which includes social networks, data analysis, cloud computing and cybersecurity. Cyber ​​security breaches are numerous and include phishing, ransomware, spyware infection, destruction or alteration of information, information hacking, data theft, blocking or slowdown of a site, the hacking of personal data or the failure of electricity and air conditioning in a computer room for the cybersecurity market.

Market Dynamics and Factors:

The evolution of cloud computing technologies is becoming the main driver of the cybersecurity market. The growing adoption of cloud computing has shifted the potential domain of cyber-attacks from the corporate network to cloud networks managed by third parties in different geographies have propelled the demand for the cyber security market growth. In the age of Industry 4.0, organizations relate to their smart devices and networks. This offers a very lucrative target for cybercriminals to penetrate through connected devices and networks more easily. Hence, the increasing adoption of IoT devices will contribute to the growth of the cybersecurity market.

The current cybersecurity market mainly focuses on protecting the premises of organizations and businesses. This includes preventing cyber attackers from accessing servers and training employees to prevent breaches. Going forward, the business-to-consumer aspect will play a much bigger role as cybersecurity enters daily life activities such as cars and IoT devices that will ultimately contribute to the cybersecurity services market.

Market Segmentation:

Global Cybersecurity market can be segmented into By Components (Hardware, Software, Services); By Security Type (Endpoint, Cloud, Network, Application, Infrastructure Protection, Data Security, Others); By Solution (UTM, IDS/IPS, DLP, IAM, SIEM, DDoS, Risk & Compliance); By Deployment (Cloud-based, On-premise); By End User (IT & Telecom, Retail, BFSI, Healthcare, Defense/Government, Manufacturing, Energy)

Geographic Analysis:

North America dominated the cybersecurity market in currently due to the presence of tech giant security vendors that have global and regional headquarters in the U.S. & will expand further at a steady. Asia Pacific is anticipated to be the fastest-growing regional market over the forecast period as industries, such as telecom, energy, finance, and technology, in the region are targets of advanced persistent threat actors.

Competitive Scenario:

North America has historically been the market share leader in the overall cybersecurity market due to the US dominance in the industry, with 365 US companies among the top 500 innovative cybersecurity companies in the world.

Following are one of the top key market players in cybersecurity market: Broadcom Symantec Corporation.; Check Point Software Technology Ltd.; Cisco Systems, Inc.; IBM; McAfee, LLC; Palo Alto Networks, Inc.; Trend Micro, Incorporated Inc

Cybersecurity Market Report Scope