Cybersecurity Market Analysis and Size:
As per recent research by MarkNtel Advisors, the Global Cybersecurity Market size was valued at around USD 181 billion in 2023 & is estimated to grow at a CAGR of around 10% during the forecast period, i.e., 2024-30.
Market Drivers : Increasing Number of Target-Based Cyber-Attacks Augmenting Market Demand –
Over the past few years, increasing cybercrime and target-based attacks have vigorously driven the growth of the Cybersecurity Industry. Cyber attackers target network infrastructure, endpoints, and cloud-based applications to cause significant financial losses and disrupt business operations. Rising cybercrimes like the theft of sensitive & critical data or information result in huge financial losses; thus, advanced information security technologies have been adopted by businesses across the globe to safeguard their security infrastructure.
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Cybersecurity Market Scope:
The Cybersecurity Market is segmented into different categories. This segmentation enables a detailed analysis of specific areas of growth, aiding in strategic market approaches. It helps identify key application areas and variances within target markets, facilitating focused strategies to capitalize on niche opportunities.
By Offering
-Solution- Market Size & Forecast 2019-2030, (USD Million)
- Standalone Hardware- Market Size & Forecast 2019-2030, (USD Million)
- Software Solution- Market Size & Forecast 2019-2030, (USD Million)
-Services- Market Size & Forecast 2019-2030, (USD Million)
-Professional Services- Market Size & Forecast 2019-2030, (USD Million)
-Design, Consulting & implementation- Market Size & Forecast 2019-2030, (USD Million)
-Risk & Threat Management- Market Size & Forecast 2019-2030, (USD Million)
-Training & Education- Market Size & Forecast 2019-2030, (USD Million)
-Support & Maintenance- Market Size & Forecast 2019-2030, (USD Million)
-Managed Services- Market Size & Forecast 2019-2030, (USD Million)
By Solution Type
-Identity & Access Management (IAM)- Market Size & Forecast 2019-2030, (USD Million)
-Antivirus/Antimalware- Market Size & Forecast 2019-2030, (USD Million)
-Log Management & SIEM- Market Size & Forecast 2019-2030, (USD Million)
-Firewall- Market Size & Forecast 2019-2030, (USD Million)
-Encryption & Tokenization- Market Size & Forecast 2019-2030, (USD Million)
-Compliance & Policy Management- Market Size & Forecast 2019-2030, (USD Million)
-Patch Management- Market Size & Forecast 2019-2030, (USD Million)
-Others- Market Size & Forecast 2019-2030, (USD Million)
By Deployment mode
-On-premises- Market Size & Forecast 2019-2030, (USD Million)
-Cloud- Market Size & Forecast 2019-2030, (USD Million)
-Hybrid Cloud- Market Size & Forecast 2019-2030, (USD Million)
By Organization size
-Large Enterprises- Market Size & Forecast 2019-2030, (USD Million)
-SMEs (Small & Medium Enterprises)- Market Size & Forecast 2019-2030, (USD Million)
By Security Type
-Network Security- Market Size & Forecast 2019-2030, (USD Million)
-Cloud Security- Market Size & Forecast 2019-2030, (USD Million)
-Endpoint & IoT Security- Market Size & Forecast 2019-2030, (USD Million)
-Application Security- Market Size & Forecast 2019-2030, (USD Million)
-Others- Market Size & Forecast 2019-2030, (USD Million)
By Vertical
-Banking, Financial Services and Insurance (BFSI)- Market Size & Forecast 2019-2030, (USD Million)
-Government- Market Size & Forecast 2019-2030, (USD Million)
-Healthcare & Life Sciences- Market Size & Forecast 2019-2030, (USD Million)
-Aerospace & Defense- Market Size & Forecast 2019-2030, (USD Million)
-Manufacturing- Market Size & Forecast 2019-2030, (USD Million)
-IT & ITeS- Market Size & Forecast 2019-2030, (USD Million)
-Education- Market Size & Forecast 2019-2030, (USD Million)
-Retail & Ecommerce- Market Size & Forecast 2019-2030, (USD Million)
-Energy & Utilities- Market Size & Forecast 2019-2030, (USD Million)
-Telecommunications- Market Size & Forecast 2019-2030, (USD Million)
-Transportation & Logistics- Market Size & Forecast 2019-2030, (USD Million)
-Media & Entertainment- Market Size & Forecast 2019-2030, (USD Million)
-Others (Education, Construction, Travel & Hospitality)- Market Size & Forecast 2019-2030, (USD Million)
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Cybersecurity Market Geographical Analysis:
By Region:
-North America
-South America
-Europe
-The Middle East & Africa
-Asia-Pacific
Competitive Landscape and Cybersecurity Market Share Analysis:
The Cybersecurity market is highly competitive, with several key players dominating the landscape. Some of the prominent companies in the market include:
- IBM
- Cisco
- Microsoft
- Palo Alto Networks
- Fortinet
- Check Point
- Trellix
- Trend Micro
- Rapid7
- Open Text
- AWS
- Oracle
- Accenture
- Others
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Questions Addressed in this Study
1.What factors are driving the Cybersecurity Market growth?
2.How is the Cybersecurity Market expected to grow over the next five years?
3.What are the key insights into the current trends in the Cybersecurity Market?
4.What is the current size of the Cybersecurity Market, and how is it projected to change in the future?
6.What is the future outlook for the Cybersecurity Market in terms of technological advancements and market expansion?
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Why MarkNtel Advisors?
MarkNtel Advisors is a leading research, consulting, & data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, & individuals, among others.
Our specialization in niche industries & emerging geographies allows our clients to formulate their strategies in a much more informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 15 diverse industrial verticals.
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