Emerging online e-commerce platforms and the advent of core technologies such as Internet of Things (IoT), artificial intelligence (AI), cloud security and others are driving the market network security school. Key players in the market are focusing their efforts on developing artificial intelligence (AI)-based internet security solutions. Example: Fortinet, Inc. launched FortiXDR, a fully automated AI-powered online threat detection XDR solution, in January 2021. With accumulated investments from Germany, France, India, Spain, South Korea, Italy, Canada, Qatar and others, the growing demand for solutions is expected to gain traction. Manufacturing, banking, financial services and insurance (BFSI), as well as healthcare, are expected to drive the market growth in the coming years.
Westford, United States, May 4, 2022 (GLOBE NEWSWIRE) – Computer security, also known as cybersecurity or information technology security, is the protection of computer systems and networks against unauthorized access. disclose information, steal or damage their hardware, software, or electronic devices. data, as well as disruption or misdirection of the services they provide. The growth of the market can be attributed to increasingly sophisticated cyberattacks. Over the past decade, the frequency and severity of scams and cybercrime has increased, resulting in massive losses for businesses. Businesses around the world have increased spending on advanced information security technologies to strengthen their internal security infrastructure as cybercrime increases dramatically. Targeted attacks have become commonplace in recent years, infiltrating a target’s network infrastructure while remaining anonymous. Attackers with a specific target typically target endpoints, networks, on-premises devices, cloud-based applications, data, and many other types of IT infrastructure. The main goal of targeted attacks is to infiltrate the networks of targeted companies or organizations and steal important information. As a result of these targeted attacks, critical business operations are disrupted, intellectual property loss, financial loss, and loss of critical and sensitive customer information. The consequences of targeted cyberattacks not only affect the targeted organizations, but also their domestic and international customers. Attackers steal Personally Identifiable Information (PII) such as names, phone numbers, addresses, driver’s license numbers, and social security numbers, increasing the number of security breaches and identity theft.
Read the market research report, “Global Cybersecurity Market Segmented by Type (Cybersecurity, Application Security, Mobile Security, Wireless Security, Cloud Security and others) , Solutions (Disaster Recovery, Anti-Malware and Anti-Virus, Mobile Device Management, Firewall, Authentication and Authorization, Intrusion Detection and Protection System (ID System/ IP), Network Access Control, Data Loss Prevention, Encryption, DDOS Mitigation, Security Information and Event Management (SIEM), Whitelist and Other), Vertical (Government, Defense) , Aerospace, Travel and financial services industries, Travel and Transportation, Telecommunications, Healthcare, Retail, Manufacturing and others), Services (Consulting services, Assessment) Vulnerability Pricing, Managed Security Services, Design and Integration, etc.) and SkyQuest by Regions And Segment Forecasts, 2021-2027”
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The cloud computing model is widely adopted due to its robust and flexible infrastructure. Many organizations are shifting their preference to cloud solutions to simplify data storage, while providing remote server access over the internet, allowing access to unlimited computing power. . Deploying the cloud-based model allows organizations to manage all applications as it provides particularly tough analytics running in the background.
Cybersecurity requirements are growing faster than the budget allocated to address them. Most small businesses don’t have the budget or IT security expertise to deploy advanced cybersecurity solutions to protect their networks and IT infrastructure from cyberattacks. difference. Limited capital can be a major obstacle for some small and medium enterprises to adopt the cybersecurity model. Emerging startups in developing countries across the MEA, Latin America, and APAC often find it difficult to obtain the proper financing and capital to deploy cybersecurity solutions for their businesses. . The capital invested in these companies is primarily purchased to protect business-critical operations, leaving little or no funding for the development of cutting-edge cybersecurity solutions.
Top players in Cybersecurity market are AVG Technologies, Check Point Software Technologies Ltd., Cisco Systems Inc., Cyber Ark Software Ltd., Dell Technologies Inc., FireEye Inc. Fortinet, IBM Corporation, Imperva, Intel Security, etc. New players are also entering the segment hence its increasing market penetration and hence the exponentially increasing demand.
The report published by SkyQuest Technology Consulting provides in-depth qualitative insights, historical data and verifiable forecasts on market size. The projections outlined in the report have been drawn using proven research methods and assumptions.
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SkyQuest has segmented the Global Cybersecurity Market based on Type, Solution, Industry, Service and Region:
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Cybersecurity Market by Type (Revenue, USD million, 2020-2027)
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Network security
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Application Security
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Mobile Security
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Wireless Security
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Cloud Security
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Cybersecurity Market Outlook by Solution (Revenue, USD million, 2020-2027)
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Disaster recovery
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Anti-malware and anti-virus
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Mobile device management
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Firewall
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Authentication and Authorization
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Intrusion detection and protection system (ID/IP system)
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Prevent data loss
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Encode
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Minimize DDOS
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Security Information and Event Management (SIEM)
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White list
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Cybersecurity Market by Industry Outlook (Revenue, USD million, 2020-2027)
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Cybersecurity Market Outlook by Service (Revenue, USD million, 2020-2027)
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Cybersecurity Market Regional Outlook (Revenue, USD Million, 2020-2027)
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North America
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Europe
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Germany
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France
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UK
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Italy
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Spain
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Rest of Europe
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Asia Pacific
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China
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India
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Japan
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Rest of Asia Pacific
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Central & South America
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Middle East & Africa
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GCC countries
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South Africa
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Rest of the MEA
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List of major players of the cybersecurity market
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AVG Technologies (Czech Republic)
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Check Point Software Technologies Ltd. (Israel)
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Cisco Systems Inc. (USA)
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Cyber Ark Software Ltd. (America)
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Dell Technologies Inc. (USA)
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FireEye Inc. (America)
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Fortinet (USA)
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IBM Corporation (USA)
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Imperva (USA)
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Intel Security (USA)
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Palo Alto Networks Inc. (USA)
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Proofpoint Inc. (USA)
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Rapid7 Inc. (USA)
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Symantec Corporation (USA)
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Trend Micro Inc. (Japan)
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