Global Cybersecurity Market Analysis and Trajectory Report 2021: Market To Reach $ 296.5 Billion By 2027 – Endpoint Security Expected To Be $ 100.2 Billion – ResearchAndMarkets.com


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DUBLIN – (COMMERCIAL THREAD) – The report “Cyber ​​Security – Global Market Trajectory & Analytics” has been added to ResearchAndMarkets.com offer.

Global cybersecurity market to reach $ 296.5 billion by 2027

Amid the COVID-19 crisis, the global cybersecurity market estimated at US $ 162.9 billion in 2020, is expected to reach a revised size of US $ 296.5 billion by 2027, growing at a CAGR of 8.9% over the analysis period 2020-2027.

Endpoint Security, one of the segments analyzed in the report, is expected to register a CAGR of 10.4% and reach $ 100.2 billion by the end of the analysis period. After an initial analysis of the business implications of the pandemic and the induced economic crisis, the growth of the network security segment is readjusted to a revised CAGR of 9% for the next 7-year period.

The US market is estimated at $ 44 billion, while China is expected to grow at 13.4% CAGR

The cybersecurity market in the United States is estimated at US $ 44 billion in 2020. China, the world’s second-largest economy, is expected to reach a projected market size of US $ 70 billion by 2027, with a CAGR of 13 , 6% during the analysis period 2020 to 2027.

Other notable geographic markets include Japan and Canada, each expected to grow by 4.8% and 7.9% respectively over the period 2020-2027. In Europe, Germany is expected to grow by around 5.8% CAGR.

Cloud Security Segment Reports 8.3% CAGR

In the global cloud security segment, the United States, Canada, Japan, China and Europe will lead the estimated 7.7% CAGR for this segment. These regional markets representing a combined market size of US $ 24.3 billion in 2020 will reach a projected size of US $ 40.9 billion by the end of the analysis period.

China will remain among the fastest growing countries in this group of regional markets. Led by countries such as Australia, India and South Korea, the Asia-Pacific market is expected to reach $ 41.4 billion by 2027, while Latin America will grow at a CAGR of 9 , 8% during the analysis period.

Main topics covered:

I. METHODOLOGY

II. ABSTRACT

1. MARKET OVERVIEW

  • Internet and modern digital infrastructure

  • Recent market activity

  • Main statistical findings

  • The Internet opens up a series of online security concerns for organizations and brings the importance of “cybersecurity” to the fore

  • Avoiding unnecessary costs – Key rationale for organizational adoption of cybersecurity solutions

  • Challenging economic environment increases cybercrime attacks – amplifies the business case for cybersecurity

  • Outlook

  • Developed markets lead, but developing markets are becoming hot spots for growth

  • Competitive landscape

  • Consolidation wave in the cybersecurity market

  • Impact of COVID-19 and an impending global recession

2. FOCUS ON CERTAIN PLAYERS

  • Avast Software (Czech Republic)

  • Booz Allen Hamilton (United States)

  • CA Technologies, Inc. (US)

  • Check Point Software Technologies Ltd. (Israel)

  • Cisco Systems, Inc. (US)

  • SCC (United States)

  • Deloitte LLP (United States)

  • Forcepoint LLC. (UNITED STATES)

  • F-Secure Corporation (Finland)

  • IBM Corporation (United States)

  • Juniper Networks, Inc. (US)

  • Kaspersky Lab (Russia)

  • Lockheed Martin Corporation (United States)

  • McAfee, Inc. (US)

  • Microsoft Corporation (United States)

  • Northrop Grumman Corp. (United States)

  • Panda Security (Spain)

  • SafeNet, Inc (US)

  • Sophos PLC (UK)

  • Symantec Corporation (United States)

  • Trend Micro Incorporated (United States)

  • Utimaco Safeware AG (Germany)

  • Wisekey SA (Switzerland)

3. MARKET TRENDS AND FACTORS

  • Main trends and growth drivers

  • Increase in volume and scale of cybercrime to drive increased adoption of cybersecurity solutions and services

  • Growing prevalence of malware to drive high demand for cybersecurity solutions and services

  • Trojan Horse: Fastest Growing Data Stealing Malware

  • Activism on the prowl – Creates the need for effective cybersecurity solutions

  • APTs emerge as a sophisticated new threat

  • Cases of cyberterrorism to boost demand for cybersecurity solutions and services

  • Security threats from virtualization and cloud infrastructure deployments to drive demand for cybersecurity solutions in government and private organizations

  • Security challenges inherent in mobile infrastructure give weight to the cybersecurity market

  • Phenomenal Rise of Social Networking Sites Boosting Use of Cyber ​​Security Solutions

  • IPv6 drives adoption of cybersecurity solutions and services

  • Regulatory compliance requirements continue to drive demand for cybersecurity

  • Government sector – A major contributor to revenues

  • Priority to cyber threats listed by country

  • Growing use of cybersecurity solutions in utilities to secure smart grid infrastructure

  • Cybersecurity seeks new opportunities in defense applications

  • Private organizations contribute to the growth of the cybersecurity market

  • High use of digital platforms makes private institutions highly vulnerable to cybersecurity threats

  • Cybersecurity becomes an investment priority for companies

  • Cybersecurity – A critical necessity in the banking and financial sector

  • Major external and internal offenses in the financial services sector

  • Top Safety Initiatives by Industry Segment

  • Mobile banking keeps cybersecurity busy

  • Securities brokers and investment advisers are also embracing cybersecurity solutions

  • Regulatory compliance: a high priority for financial institutions

  • Advanced solutions gain traction in the financial services industry

  • Top cybersecurity barriers for the financial services industry

  • Telecommunications and IT

  • DOS attacks threaten mobile network security – drive demand for cybersecurity solutions in telecommunications industry

  • Overbilling Attack: The Business Case for Cyber ​​Security Solutions in the Telecommunications Industry

  • VPN to make telecommunications networks more secure

  • Opportunities for wireless network security in the telecommunications industry

  • Production systems are also looking for cybersecurity

  • Growing demand in the healthcare sector

  • Small and Medium-Sized Businesses – A Profitable Market Segment

  • Key questions

  • Main constraints to effective cybersecurity in companies

  • Inadequate budget – The main constraint

  • Lack of comprehensive security solutions

  • Lack of alignment between business goals and safety

  • External threats more recognized than internal threats

  • Most organizations continue to stay reactive rather than proactive

  • The availability of “Freemium” and free products disrupts the market

  • Growing Sophistication and Complexity of Security Threats – A Challenge for Cybersecurity Solution Providers

  • Advanced Security Solutions – The Need of the Hour

4. WORLD MARKET PERSPECTIVE

III. MARKET ANALYSIS

IV. COMPETETION

  • Total number of profiled companies: 213

For more information on this report, visit https://www.researchandmarkets.com/r/wu2rjh

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About Miley Sawngett

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