Cyber Security Market is set to grow at a CAGR of 13.57% from 2022 to 2027, The increase in the use of mobile devices arc furnaces route than the BF-BOF route to drive the market growth – Technavio

NEW YORK, June 15, 2023 /PRNewswire/ — According to Technavio, the global cybersecurity market size is projected to grow by USD 203.5 billion from 2022 to 2027. The market is estimated to grow at a CAGR of 13.57% during the forecast period. Discover IT Consulting & Other Services industry potential and make informed business decisions based on qualitative and quantitative evidence highlighted in Technavio reports. View Sample Report!

The cyber security market covers the following areas:

• Cyber Security Market Sizing
• Cyber Security Market Forecast
• Cyber Security Market Analysis

Cyber Security Market – Vendor Landscape

The global cyber security market is fragmented with the presence of many leading global and regional vendors, such as Kaspersky, Booz Allen Hamilton, Broadcom, Cisco, Fortinet, HPE, Lockheed Martin, McAfee, Boeing, and Trend Micro. These vendors focus on R and D, technology, and branding to compete in the market. The cyber security market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.

Vendor Offerings

• Kaspersky – The company offers cyber security such as Kaspersky Total Security.
• Booz Allen Hamilton – The company offers cyber security such as National Cyber.
• Broadcom – The company offers cyber security such as Symantec Enterprise Cloud.

For market’s vendor landscape highlights with a comprehensive list of vendors and their offerings – View Sample in a minutes

Cyber Security Market – Key Market Segmentation

This report extensively covers market segmentation by deployment (on-premise and cloud-based), end-user (government, BFSI, ICT, manufacturing, and others), and geography (North America, APAC, Europe, Middle East and Africa, and South America).

• The market share growth by the on-premise segment will be significant during the forecast period. On-premises cyber security is considered highly secure as it is managed and maintained by enterprises in the end-user industry. Enterprises have complete control over their on-premises solutions because of monitored and restricted access, and it also allows them to customize the cyber security solution according to their requirements. Such factors will increase segment growth during the forecast period.

View Sample Report in minutes of this report for more highlights into the market segments.

Cyber Security Market – Regional Market Outlook

• North America is estimated to account for 34% of the global cybersecurity market growth during the forecast period. The market in the region is estimated to grow at the fastest pace during the forecast period. The market in the region is driven by factors such as the increased adoption of cyber security solutions by end-user industries, the shift of conventional IT services to internet-based IT systems, growth of end-user industries, increased government initiatives for the implementation of cyber security solutions, and the growing number of IT companies and IT startups. Moreover, the US is the key market in North America.

For more key highlights on the regional market share of most of the above-mentioned countries.- View Sample Report

Companies Mentioned

• AO Kaspersky Lab
• Booz Allen Hamilton Holding Corp.
• Broadcom Inc.
• Check Point Software Technologies Ltd.
• Cisco Systems Inc.
• Dell Technologies Inc.
• Fortinet Inc.
• F Secure Corp.
• General Dynamics Corp.
• Hewlett Packard Enterprise Co.
• International Business Machines Corp.
• Juniper Networks Inc.
• Lockheed Martin Corp.
• McAfee LLC
• Microsoft Corp.
• Northrop Grumman Corp.
• Raytheon Technologies Corp.
• Sophos Ltd.
• The Boeing Co.
• Trend Micro Inc.

What’s New?

• Special coverage on the Russia-Ukraine war; global inflation; recovery analysis from COVID-19; supply chain disruptions, global trade tensions; and risk of recession 
• Global competitiveness and key competitor positions 
• Market presence across multiple geographical footprints-Strong/Active/Niche/Trivial- buy the report!

Cyber Security Market – Market Dynamics

Key Drivers

• The increase in the use of mobile devices arc furnaces route than the BF-BOF route is the key factor driving the market growth. 
• With the increasing adoption of mobile devices, such as mobile phones, laptops, and tablets, the need for cybersecurity solutions is increasing.
• One of the major reasons for this is the increasing access to the Internet through such devices, which is increasing the chances of cyber threats.
• Furthermore, the use of mobile devices for personal and professional use is increasing access to critical data and information, which will increase the chance of unauthorized access in case of a stolen mobile device.
• This, in turn, will boost the growth of the market in focus during the forecast period.

Significant Trends

• The adoption of IoT is the primary trend in the global cybersecurity market.
• IoT enables better connectivity and resolves all critical situations as well as enables proper communication between systems, devices, and services, which facilitates the transmission of a huge amount of data through networks at high speed.
• Moreover, due to an increase in the use of wireless networks for interaction between people and machines, IoT is getting affected by cyber threats.
• Hence, organizations implementing the IoT are investing heavily in cyber security solutions to overcome their concerns about data theft, which will boost the growth of the market in focus during the forecast period.

Major Challenges

• The high cost of deployment is a major challenge to the global cybersecurity market growth.
• The total cost of installation includes the cost of software licensing, system designing and customization, implementation, training, and maintenance for an individual organization.
• Additionally, an organization must recruit IT staff, for proper implementation of the cyber security software, which incurs additional costs.
• Moreover, a cyber security solution contains additional hidden costs, such as costs involved in providing knowledge, experience, and skill development of the solution to understand its functionality.
• Therefore, the high cost of deployment will impede the growth of the market in focus during the forecast period.

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Key Topics Covered:

1 Executive Summary

• 1.1 Market overview
  • Exhibit 01: Executive Summary – Chart on Market Overview
  • Exhibit 02: Executive Summary – Data Table on Market Overview
  • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
  • Exhibit 04: Executive Summary – Chart on Market by Geography
  • Exhibit 05: Executive Summary – Chart on Market Segmentation by Deployment
  • Exhibit 06: Executive Summary – Chart on Market Segmentation by End-user
  • Exhibit 07: Executive Summary – Chart on Incremental Growth
  • Exhibit 08: Executive Summary – Data Table on Incremental Growth
  • Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem
  • Exhibit 10: Parent market
  • Exhibit 11: Market Characteristics

3 Market Sizing

• 3.1 Market definition
  • Exhibit 12: Offerings of vendors included in the market definition
• 3.2 Market segment analysis
  • Exhibit 13: Market segments
• 3.3 Market size 2022 
• 3.4 Market outlook: Forecast for 2022-2027
  • Exhibit 14: Chart on Global – Market size and forecast 2022-2027 ($ billion)
  • Exhibit 15: Data Table on Global – Market size and forecast 2022-2027 ($ billion)
  • Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
  • Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

• 4.1 Global cyber security market 2017 – 2021
  • Exhibit 18: Historic Market Size – Data Table on Global cyber security market 2017 – 2021 ($ billion)
• 4.2 Deployment Segment Analysis 2017 – 2021
  • Exhibit 19: Historic Market Size – Deployment Segment 2017 – 2021 ($ billion)
• 4.3 End-user Segment Analysis 2017 – 2021
  • Exhibit 20: Historic Market Size – End-user Segment 2017 – 2021 ($ billion)
• 4.4 Geography Segment Analysis 2017 – 2021
  • Exhibit 21: Historic Market Size – Geography Segment 2017 – 2021 ($ billion)
• 4.5 Country Segment Analysis 2017 – 2021
  • Exhibit 22: Historic Market Size – Country Segment 2017 – 2021 ($ billion)

5 Five Forces Analysis

• 5.1 Five forces summary
  • Exhibit 23: Five forces analysis – Comparison between 2022 and 2027
• 5.2 Bargaining power of buyers
  • Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027
• 5.3 Bargaining power of suppliers
  • Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027
• 5.4 Threat of new entrants
  • Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027
• 5.5 Threat of substitutes
  • Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027
• 5.6 Threat of rivalry
  • Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027
• 5.7 Market condition
  • Exhibit 29: Chart on Market condition – Five forces 2022 and 2027

6 Market Segmentation by Deployment

• 6.1 Market segments
  • Exhibit 30: Chart on Deployment – Market share 2022-2027 (%)
  • Exhibit 31: Data Table on Deployment – Market share 2022-2027 (%)
• 6.2 Comparison by Deployment
  • Exhibit 32: Chart on Comparison by Deployment
  • Exhibit 33: Data Table on Comparison by Deployment
• 6.3 On-premise – Market size and forecast 2022-2027
  • Exhibit 34: Chart on On-premise – Market size and forecast 2022-2027 ($ billion)
  • Exhibit 35: Data Table on On-premise – Market size and forecast 2022-2027 ($ billion)
  • Exhibit 36: Chart on On-premise – Year-over-year growth 2022-2027 (%)
  • Exhibit 37: Data Table on On-premise – Year-over-year growth 2022-2027 (%)
• 6.4 Cloud-based – Market size and forecast 2022-2027
  • Exhibit 38: Chart on Cloud-based – Market size and forecast 2022-2027 ($ billion)
  • Exhibit 39: Data Table on Cloud-based – Market size and forecast 2022-2027 ($ billion)
  • Exhibit 40: Chart on Cloud-based – Year-over-year growth 2022-2027 (%)
  • Exhibit 41: Data Table on Cloud-based – Year-over-year growth 2022-2027 (%)
• 6.5 Market opportunity by Deployment
  • Exhibit 42: Market opportunity by Deployment ($ billion)

7 Market Segmentation by End-user

• 7.1 Market segments
  • Exhibit 43: Chart on End-user – Market share 2022-2027 (%)
  • Exhibit 44: Data Table on End-user – Market share 2022-2027 (%)
• 7.2 Comparison by End-user
  • Exhibit 45: Chart on Comparison by End-user
  • Exhibit 46: Data Table on Comparison by End-user
• 7.3 Government – Market size and forecast 2022-2027
  • Exhibit 47: Chart on Government – Market size and forecast 2022-2027 ($ billion)
  • Exhibit 48: Data Table on Government – Market size and forecast 2022-2027 ($ billion)
  • Exhibit 49: Chart on Government – Year-over-year growth 2022-2027 (%)
  • Exhibit 50: Data Table on Government – Year-over-year growth 2022-2027 (%)
• 7.4 BFSI – Market size and forecast 2022-2027
  • Exhibit 51: Chart on BFSI – Market size and forecast 2022-2027 ($ billion)
  • Exhibit 52: Data Table on BFSI – Market size and forecast 2022-2027 ($ billion)
  • Exhibit 53: Chart on BFSI – Year-over-year growth 2022-2027 (%)
  • Exhibit 54: Data Table on BFSI – Year-over-year growth 2022-2027 (%)
• 7.5 ICT – Market size and forecast 2022-2027
  • Exhibit 55: Chart on ICT – Market size and forecast 2022-2027 ($ billion)
  • Exhibit 56: Data Table on ICT – Market size and forecast 2022-2027 ($ billion)
  • Exhibit 57: Chart on ICT – Year-over-year growth 2022-2027 (%)
  • Exhibit 58: Data Table on ICT – Year-over-year growth 2022-2027 (%)
• 7.6 Manufacturing – Market size and forecast 2022-2027
  • Exhibit 59: Chart on Manufacturing – Market size and forecast 2022-2027 ($ billion)
  • Exhibit 60: Data Table on Manufacturing – Market size and forecast 2022-2027 ($ billion)
  • Exhibit 61: Chart on Manufacturing – Year-over-year growth 2022-2027 (%)
  • Exhibit 62: Data Table on Manufacturing – Year-over-year growth 2022-2027 (%)
• 7.7 Others – Market size and forecast 2022-2027
  • Exhibit 63: Chart on Others – Market size and forecast 2022-2027 ($ billion)
  • Exhibit 64: Data Table on Others – Market size and forecast 2022-2027 ($ billion)
  • Exhibit 65: Chart on Others – Year-over-year growth 2022-2027 (%)
  • Exhibit 66: Data Table on Others – Year-over-year growth 2022-2027 (%)
• 7.8 Market opportunity by End-user
  • Exhibit 67: Market opportunity by End-user ($ billion)

8 Customer Landscape

• 8.1 Customer landscape overview
  • Exhibit 68: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

• 9.1 Geographic segmentation
  • Exhibit 69: Chart on Market share by geography 2022-2027 (%)
  • Exhibit 70: Data Table on Market share by geography 2022-2027 (%)
• 9.2 Geographic comparison
  • Exhibit 71: Chart on Geographic comparison
  • Exhibit 72: Data Table on Geographic comparison
• 9.3 North America – Market size and forecast 2022-2027
  • Exhibit 73: Chart on North America – Market size and forecast 2022-2027 ($ billion)
  • Exhibit 74: Data Table on North America – Market size and forecast 2022-2027 ($ billion)
  • Exhibit 75: Chart on North America – Year-over-year growth 2022-2027 (%)
  • Exhibit 76: Data Table on North America – Year-over-year growth 2022-2027 (%)
• 9.4 APAC – Market size and forecast 2022-2027
  • Exhibit 77: Chart on APAC – Market size and forecast 2022-2027 ($ billion)
  • Exhibit 78: Data Table on APAC – Market size and forecast 2022-2027 ($ billion)
  • Exhibit 79: Chart on APAC – Year-over-year growth 2022-2027 (%)
  • Exhibit 80: Data Table on APAC – Year-over-year growth 2022-2027 (%)
• 9.5 Europe – Market size and forecast 2022-2027
  • Exhibit 81: Chart on Europe – Market size and forecast 2022-2027 ($ billion)
  • Exhibit 82: Data Table on Europe – Market size and forecast 2022-2027 ($ billion)
  • Exhibit 83: Chart on Europe – Year-over-year growth 2022-2027 (%)
  • Exhibit 84: Data Table on Europe – Year-over-year growth 2022-2027 (%)
• 9.6 Middle East and Africa – Market size and forecast 2022-2027
  • Exhibit 85: Chart on Middle East and Africa – Market size and forecast 2022-2027 ($ billion)
  • Exhibit 86: Data Table on Middle East and Africa – Market size and forecast 2022-2027 ($ billion)
  • Exhibit 87: Chart on Middle East and Africa – Year-over-year growth 2022-2027 (%)
  • Exhibit 88: Data Table on Middle East and Africa – Year-over-year growth 2022-2027 (%)
• 9.7 South America – Market size and forecast 2022-2027
  • Exhibit 89: Chart on South America – Market size and forecast 2022-2027 ($ billion)
  • Exhibit 90: Data Table on South America – Market size and forecast 2022-2027 ($ billion)
  • Exhibit 91: Chart on South America – Year-over-year growth 2022-2027 (%)
  • Exhibit 92: Data Table on South America – Year-over-year growth 2022-2027 (%)
• 9.8 US – Market size and forecast 2022-2027
  • Exhibit 93: Chart on US – Market size and forecast 2022-2027 ($ billion)
  • Exhibit 94: Data Table on US – Market size and forecast 2022-2027 ($ billion)
  • Exhibit 95: Chart on US – Year-over-year growth 2022-2027 (%)
  • Exhibit 96: Data Table on US – Year-over-year growth 2022-2027 (%)
• 9.9 China – Market size and forecast 2022-2027
  • Exhibit 97: Chart on China – Market size and forecast 2022-2027 ($ billion)
  • Exhibit 98: Data Table on China – Market size and forecast 2022-2027 ($ billion)
  • Exhibit 99: Chart on China – Year-over-year growth 2022-2027 (%)
  • Exhibit 100: Data Table on China – Year-over-year growth 2022-2027 (%)
• 9.10 UK – Market size and forecast 2022-2027
  • Exhibit 101: Chart on UK – Market size and forecast 2022-2027 ($ billion)
  • Exhibit 102: Data Table on UK – Market size and forecast 2022-2027 ($ billion)
  • Exhibit 103: Chart on UK – Year-over-year growth 2022-2027 (%)
  • Exhibit 104: Data Table on UK – Year-over-year growth 2022-2027 (%)
• 9.11 Germany – Market size and forecast 2022-2027
  • Exhibit 105: Chart on Germany – Market size and forecast 2022-2027 ($ billion)
  • Exhibit 106: Data Table on Germany – Market size and forecast 2022-2027 ($ billion)
  • Exhibit 107: Chart on Germany – Year-over-year growth 2022-2027 (%)
  • Exhibit 108: Data Table on Germany – Year-over-year growth 2022-2027 (%)
• 9.12 Japan – Market size and forecast 2022-2027
  • Exhibit 109: Chart on Japan – Market size and forecast 2022-2027 ($ billion)
  • Exhibit 110: Data Table on Japan – Market size and forecast 2022-2027 ($ billion)
  • Exhibit 111: Chart on Japan – Year-over-year growth 2022-2027 (%)
  • Exhibit 112: Data Table on Japan – Year-over-year growth 2022-2027 (%)
• 9.13 Market opportunity by geography
  • Exhibit 113: Market opportunity by geography ($ billion)

10 Drivers, Challenges, and Trends

• 10.1 Market drivers 
• 10.2 Market challenges 
• 10.3 Impact of drivers and challenges
  • Exhibit 114: Impact of drivers and challenges in 2022 and 2027
• 10.4 Market trends 

11 Vendor Landscape

• 11.1 Overview 
• 11.2 Vendor landscape
  • Exhibit 115: Overview on Criticality of inputs and Factors of differentiation
• 11.3 Landscape disruption
  • Exhibit 116: Overview on factors of disruption
• 11.4 Industry risks
  • Exhibit 117: Impact of key risks on business

12 Vendor Analysis

• 12.1 Vendors covered
  • Exhibit 118: Vendors covered
• 12.2 Market positioning of vendors
  • Exhibit 119: Matrix on vendor position and classification
• 12.3 AO Kaspersky Lab
  • Exhibit 120: AO Kaspersky Lab – Overview
  • Exhibit 121: AO Kaspersky Lab – Product / Service
  • Exhibit 122: AO Kaspersky Lab – Key offerings
• 12.4 Booz Allen Hamilton Holding Corp.
  • Exhibit 123: Booz Allen Hamilton Holding Corp. – Overview
  • Exhibit 124: Booz Allen Hamilton Holding Corp. – Product / Service
  • Exhibit 125: Booz Allen Hamilton Holding Corp. – Key offerings
• 12.5 Broadcom Inc.
  • Exhibit 126: Broadcom Inc. – Overview
  • Exhibit 127: Broadcom Inc. – Business segments
  • Exhibit 128: Broadcom Inc. – Key news
  • Exhibit 129: Broadcom Inc. – Key offerings
  • Exhibit 130: Broadcom Inc. – Segment focus
• 12.6 Check Point Software Technologies Ltd.
  • Exhibit 131: Check Point Software Technologies Ltd. – Overview
  • Exhibit 132: Check Point Software Technologies Ltd. – Product / Service
  • Exhibit 133: Check Point Software Technologies Ltd. – Key offerings
• 12.7 Cisco Systems Inc.
  • Exhibit 134: Cisco Systems Inc. – Overview
  • Exhibit 135: Cisco Systems Inc. – Business segments
  • Exhibit 136: Cisco Systems Inc. – Key news
  • Exhibit 137: Cisco Systems Inc. – Key offerings
  • Exhibit 138: Cisco Systems Inc. – Segment focus
• 12.8 Dell Technologies Inc.
  • Exhibit 139: Dell Technologies Inc. – Overview
  • Exhibit 140: Dell Technologies Inc. – Business segments
  • Exhibit 141: Dell Technologies Inc. – Key news
  • Exhibit 142: Dell Technologies Inc. – Key offerings
  • Exhibit 143: Dell Technologies Inc. – Segment focus
• 12.9 F Secure Corp.
  • Exhibit 144: F Secure Corp. – Overview
  • Exhibit 145: F Secure Corp. – Product / Service
  • Exhibit 146: F Secure Corp. – Key offerings
• 12.10 Fortinet Inc.
  • Exhibit 147: Fortinet Inc. – Overview
  • Exhibit 148: Fortinet Inc. – Product / Service
  • Exhibit 149: Fortinet Inc. – Key offerings
• 12.11 General Dynamics Corp.
  • Exhibit 150: General Dynamics Corp. – Overview
  • Exhibit 151: General Dynamics Corp. – Business segments
  • Exhibit 152: General Dynamics Corp. – Key news
  • Exhibit 153: General Dynamics Corp. – Key offerings
  • Exhibit 154: General Dynamics Corp. – Segment focus
• 12.12 Hewlett Packard Enterprise Co.
  • Exhibit 155: Hewlett Packard Enterprise Co. – Overview
  • Exhibit 156: Hewlett Packard Enterprise Co. – Business segments
  • Exhibit 157: Hewlett Packard Enterprise Co. – Key news
  • Exhibit 158: Hewlett Packard Enterprise Co. – Key offerings
  • Exhibit 159: Hewlett Packard Enterprise Co. – Segment focus
• 12.13 International Business Machines Corp.
  • Exhibit 160: International Business Machines Corp. – Overview
  • Exhibit 161: International Business Machines Corp. – Business segments
  • Exhibit 162: International Business Machines Corp. – Key news
  • Exhibit 163: International Business Machines Corp. – Key offerings
  • Exhibit 164: International Business Machines Corp. – Segment focus
• 12.14 Lockheed Martin Corp.
  • Exhibit 165: Lockheed Martin Corp. – Overview
  • Exhibit 166: Lockheed Martin Corp. – Business segments
  • Exhibit 167: Lockheed Martin Corp. – Key news
  • Exhibit 168: Lockheed Martin Corp. – Key offerings
  • Exhibit 169: Lockheed Martin Corp. – Segment focus
• 12.15 McAfee LLC
  • Exhibit 170: McAfee LLC – Overview
  • Exhibit 171: McAfee LLC – Product / Service
  • Exhibit 172: McAfee LLC – Key offerings
• 12.16 The Boeing Co.
  • Exhibit 173: The Boeing Co. – Overview
  • Exhibit 174: The Boeing Co. – Business segments
  • Exhibit 175: The Boeing Co. – Key news
  • Exhibit 176: The Boeing Co. – Key offerings
  • Exhibit 177: The Boeing Co. – Segment focus
• 12.17 Trend Micro Inc.
  • Exhibit 178: Trend Micro Inc. – Overview
  • Exhibit 179: Trend Micro Inc. – Product / Service
  • Exhibit 180: Trend Micro Inc. – Key offerings

13 Appendix

• 13.1 Scope of the report 
• 13.2 Inclusions and exclusions checklist
  • Exhibit 181: Inclusions checklist
• 13.3 Currency conversion rates for US$
  • Exhibit 182: Currency conversion rates for US$
• 13.4 Research methodology
  • Exhibit 183: Research methodology
  • Exhibit 184: Validation techniques employed for market sizing
  • Exhibit 185: Information sources
• 13.5 List of abbreviations
  • Exhibit 186: List of abbreviations

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