The study covers key regions that includes North America, South America, Europe, Asia-Pacific and important players such as Cisco System, Check Point Software Technology, McAfee, Symantec Corp., BAE Systems Intelligence & Security etc
Worldwide Commercial Cyber Security Market – Drivers, Opportunities, Trends, and Forecasts, 2019–2025
The cyber security has become an essential part of IT infrastructure. Business entities and individuals need security for their products and networks. Individuals need security to maintain privacy while businesses need it to fulfil corporate governance obligations. The inputs from individuals and business entities enable government organizations to chalk out rules and regulations that would strengthen and upgrade cyber security deployments. With the increased cyber-attacks in the public as well as commercial sectors, companies have started investing in the commercial cyber security solutions.
The industries such as aerospace & defence, retail, healthcare, public, and BFSI are hugely investing in the cyber security market. The lack of consistency in security measures is one of the main factors hindering the market growth. The rise in the cyber-attacks in industry verticals such as banking and healthcare is one of the key reasons for the growth of commercial cyber security market. The growing dependence of the consumers on internet based applications such as online billing and online banking are few other factors driving the commercial cyber security market growth. Cyber security plays a major role in offering security solutions for the users of smartphones, laptops, and tabs who are frequently disturbed by cyber threats.
According to HTF Research, the “Worldwide Commercial Cyber Security” market will grow at an estimated CAGR of 22.6% during the forecast period 2019–2025. The market is segmented by security types, services, solutions, end-users, and regions. The security types segment is further segmented into network security, cloud security, content security, wireless security, application security and endpoint security. At present, Americas is one of the key regions for the commercial cyber security market. Some of the key players included in the report are Cisco System, Check Point Software Technology, McAfee, Symantec Corp., BAE Systems Intelligence & Security, Ixtel Technologies, Argus Cyber Security, root9B Technologies, Nexusguard Limited, Cato Networks and PhishMe Inc. The research report provides a comprehensive review of commercial cyber security in terms of verticals such as aerospace & defense, BFSI, public, retail, healthcare, and IT & telecom. The report covers the market in terms of trends, regions and vendor assessments on the basis of technology, market reach, spendings and product offerings.
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The study covers and analyzes the “Worldwide Commercial Cyber Security” market. Bringing out the complete key insights of the industry, the report aims to provide an opportunity for players to understand the latest trends, current market scenario, government initiatives, and technologies related to the market. In addition, helps the venture capitalist in understanding the companies better and take informed decisions.
US,Canada,Brazil,Europe- UK,France,Germany,Asia Pacific Excluding Japan- China,India,Australia,Eastern Europe,Middle East and Africa(EEMEA)
Cisco Systems,Check Point Software Technology,McAfee,Symantec,BAE Systems Intelligence &Security,Ixtel Technologies,Argus Cyber Security,root9B Technologies,Nexusguard Limited,Cato Networks,PhishMe Inc
The commercial cyber security refers to the concept of offering cyber security solutions to industry verticals that come under commercial section. The major commercial verticals such as aerospace & defense, BFSI, healthcare, retail, public, and IT & telecom are offered with enhanced cyber security solutions due to security breaches. The rapid adoption of digitization has made these industry verticals to be an attractive target for a wide range of cyber threats. As the cyber-attacks are increasing day-by-day, cyber security has become the essential part of IT infrastructure. The governments and major industry verticals are set to hugely invest in enhanced solutions for cyber security threats and breaches in the commercial industry verticals.
At present, IoT innovative technology is forcing industry players to offer a wide range of services for their customers to improve customer experience and loyalty. The government and organizations are considering digital technology as a new business strategy for the revenue growth and to increase the footprints across the globe. Moreover, in the near future, most of the organizations will adopt the digital technology that will directly impact on cyber security market.
The worldwide increase in the number of internet users, worldwide rising number of smartphones shipments and growing demand for the adoption of cloud for data storage and handling are the major drivers for the growth of the market. The BFSI industry continues to dominate the commercial cyber security market mainly due to the cyber attacks found in the industry. The Bring Your Own Device (BYOD) trend is becoming a major concern for the enterprises to avoid security breaches. The increasing awareness in people about cyber-crimes and government spending on the cyber security solutions help the market to have an exponential growth in the upcoming years.
The commercial cyber security market is analyzed based on five major segments, namely security types, solutions, services, end-users and regions. Further, the report also covers market share, and market metrics such as drivers and restraints. The “Worldwide Commercial Cyber Security” market is expected to reach $167.70 billion by 2025, growing at a CAGR of 22.6% during the forecast period 2019–2025.
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Table of Contents
1 Industry Outlook 13
1.1 Industry Overview 13
1.2 Industry Trends 13
1.3 Pest Analysis 14
2 Report Outline 15
2.1 Report Scope 15
2.2 Report Summary 15
2.3 Research Methodology 16
2.4 Report Assumptions 16
3 Market Snapshot 17
3.1 Total Addressable Market (TAM) 17
3.2 Segmented Addressable Market (SAM) 17
3.3 Related Markets 18
3.3.1 Homeland Security 18
3.3.2 Wearable Device Security 19
4 Market Outlook 20
4.1 Overview 20
4.1.1 HTF Market Definition 20
4.2 Market Trends and Impact 20
4.3 Market Segmentation 21
4.4 Porter 5 (Five) Forces 21
5 Market Characteristics 22
5.1 Evolution 22
5.2 Value Chain 23
5.3 Market Dynamics 23
5.3.1 Drivers 23
220.127.116.11 Internet dependence for data storage 23
18.104.22.168 Increasing cyber crimes 24
22.214.171.124 Investments from government and key industry firms 24
126.96.36.199 Government initiatives 24
5.3.2 Restraints 24
188.8.131.52 Data security and privacy issues 24
184.108.40.206 Rise in the number of technologically advanced attackers 25
220.127.116.11 Violation of cyber security regulations and standards 25
18.104.22.168 High cost 25
5.3.3 Opportunities 25
22.214.171.124 Growth opportunities for cloud and analytics market 25
126.96.36.199 Ethical hackers 25
188.8.131.52 Network providers 26
184.108.40.206 Emerging industry verticals 26
5.3.4 DRO – Impact Analysis 26
5.3.5 Key Stakeholders 27
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