Cyber Security Market worth $155.74 Billion by 2019
DALLAS, April 8, 2014 /PRNewswire/ –
The report “Cyber Security Market (IAM, Encryption, DLP, Risk and Compliance
Management, IDS/IPS, UTM, Firewall, Antivirus/Antimalware, SVM/SIEM, Disaster Recovery,
DDoS Mitigation, Web Filtering, Security Services) – Global Advancements, Forecasts &
Analysis (2014-2019)”, defines and segments the global Cyber Security Market into various
sub-segments with in-depth analysis and forecast of revenues. It also identifies drivers
and restraints for this market with insights into trends, opportunities, and challenges.
Browse 81 market data Tables and 8 figures spread through 229 Pages and in-depth TOC
on “Cyber Security Market”.
Early buyers will receive 10% customization on this report.
The major forces driving this market are the rapid adoption of cloud-based services,
wireless communication along with strict government mandates and increasing cyber crimes
in public utilities industries. Hence, the ratification for cyber security solutions is
increasing to combat the advanced and sophisticated threats created by professional
adversaries. Also, cloud service providers and verticals such as energy, oil and gas, and
education are expected to adopt solutions for cyber security more readily because of
growing cyber crimes which may cause the loss of intellectual and financial assets and may
tarnish the national infrastructure and economy.
MarketsandMarkets has segmented the Cyber Security Market by types: network security,
endpoint security, application security, content security, wireless security, and cloud
security; by solutions: identity and access management, risk and compliance management,
encryption, data loss protection, unified threat management, firewall, antivirus and
anti-malware, IDS/IPS, SIEM, disaster recovery, DDoS mitigation, white listing, and
others; by services: consulting, design and integration, risk and threat assessment,
managed security services, and training and education; by verticals: aerospace, defense
and intelligence, government (excluding defense) and public utilities, BFSI,
telecommunication, healthcare, IT consulting, retail, manufacturing, and others; and by
regions: North America (NA), Asia Pacific (APAC), Europe (EU), Middle East and Africa
(MEA), and Latin America (LA). The report also provides insights into the opportunity
analysis of specific end users and business case analysis and roadmaps for the Cyber
Solution providers such as Cisco, CSC, IBM, Booz Allen Hamilton, Lockheed Martin,
Northrop Grumman, Symantec, Sophos, McAfee, Trend Micro and many others are expected to
provide innovative cyber solutions at competitive prices by unifying the portfolios
against bundled attacks.
The Cyber Security Market is estimated to grow from $95.60 billion in 2014 to $155.74
billion by 2019, at a Compound Annual Growth Rate (CAGR) of 10.3% from 2014 to 2019. In
the current scenario, aerospace, defense, and intelligence vertical continues to be the
largest contributor to cyber security solutions. In terms of regions, NA is expected to be
the biggest market in terms of revenue contribution, while the APAC and MEA regions are
expected to experience increased market traction in due course.
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