Cyber Security Market Annual Growth rate is 11.6%
Cybersecurity Market Size, Growth Rate:
The global cybersecurity market was valued at USD 103.84 billion in 2017 and is anticipated to reach a value of USD 242.57 billion by 2023, growing at a CAGR of 11.6% between 2017 and 2022.
Browse details of 100 number of pages research report developed on Cyber Security Market @ https://www.researchcosmos.com/reports/cybersecurity-market/1216780865
Cyber security Market Growth Drivers and Restraints:
The concept of cyber security involves solutions that help an organization to monitor, detect, report, and counter these cyber threats to maintain data confidentiality. It also helps detects vulnerabilities in the system that may be attacked in the future and avoids the issue from being established. Popularity of digitization has been a major booster for the cyber threat fad. Sharing data internally and externally has led to increased susceptibility of organizations to cybercrimes. Increased usage of cloud services across organizations, use of mobile phones on the go and increased data availability has led to the rise in harmful cyber threats which has propelled the growth in this market of cyber security. State and government threats have always been of high importance, owing to responsibility of public data being available to hackers. This makes a major market for cyber security.
Cyber security Market Insights Based on Segmentation:
The Internet-of-things (IoT) and use of Big Data has made the system more complex and interconnected, but has opened up wider gaps for cyber security threats as well. Early onset of cyber security processes in place is likely to ensure a robust, environment technology wise in the firm. However, the cost of cyber security, may be considered high for small and medium enterprises which often forego the services in order to save their expenses. Therefore, a lack of awareness still exists in the market which may slow its growth.
Use of various forms of disruptive and emerging technology in the fields of banking, retail, information technology, defence and automotive sector, among others, has led to an understanding of the landscape of exploits, vulnerabilities and malware. Therefore, government intervention to make the awareness of the security system a mandate for every employee is expected to help the market gain traction in the near future.
Ask For Free Sample of the report @ https://www.researchcosmos.com/request/cybersecurity-market/1216780865
Cyber security Market Regional Presence:
Geographically, the cyber security market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. North America holds about 40% of the market share owing to prominent players in this region and its adoption of growing technology. Asia Pacific too is expected to grow at a decent rate due to the growing IT business that has been established in many developing regions. Growing digitization in India and China has led to the high growth of the security market in this region.
Some of the promising companies leading the Cyber security Market:
• Symantec Corporation
• Check Point Technology Ltd.
• Palo Alto Networks
• Fortinet
• FireEye
• Trend Micro Inc.
• Proofpoint Corp.
• KPMG
• IBM Corp.
This research report includes following segmentation for the Cyber security Market size and forecast until 2023
By Solutions:
• Identity and access management [IAM]
• Encryption
• Governance
• Risk and compliance
• Unified threat management [UTM]
• Security information and event management [SIEM])
By Revenue Models:
• Aerospace
• Financial services
• Telecommunication
• Healthcare
• Others
By Geographical Segmentation:
• North America
• Europe
• Asia-Pacific
• Latin America
• Middle-East & Africa
For any queries, inquire more @ https://www.researchcosmos.com/inquire/cybersecurity-market/1216780865
About Us:
Research Cosmos is a provider of standard and customized market research, business intelligence and consulting services across more than 100 domains in different industries of the world. We host the trending market reports of the world’s top-notch publishing companies, offering services to a wide range of customers from students to fortune 500 companies and discloses the hidden opportunities in every leading industry of the world.
Contact:
Kevin Stewart
Global Sales Manager
Research Cosmos