Global Cyber Security Market – Size, Outlook, Trends and Forecast (2024 – 2032)

these, the services segment shows the significant market growth and solutions segment is estimated to register the highest CAGR due to increases malware attacks and thefts. By service, managed services are estimated to show the fair growth during the forecast period. By security type, the market is segregated into network security, cloud security, application security, and wireless security. Among these, application security is estimated to register the highest CAGR due to the emergence of IoT and BYOD trends and growing concern about security based solutions. Network security is expected to emerge as the most attractive product segment regarding size and is expected to contribute around 75% of the overall product market owing to the significant growth prospects in network security segments IDAM (Identity and Access Management) and SVM (Support Vector Machine).

By deployment mode, the cybersecurity market is segregated into on-premise and cloud-based. Among these, enterprises are migrating to cloud-based, as it is cost-effective and is anticipated to witness highest CAGR during the forecast period. By organisation size, the market is classified into small, medium-sized and large enterprises. Larger enterprises are expected to contribute to approximately 80% of the market whereas small and medium enterprises represent a smaller pool and are expected to demonstrate the highest growth rates during the forecast period.

By vertical, the market is again segregated into aerospace and defence, government, BFSI, IT and Telecom, and others. Defence segment is witnessed to have the highest market share of around 27.27% owing to the concern of data breach of intelligence.

Geographically, North America shows the dominance of the overall cyber security market growth, owing to the awareness of cyber security among small and medium organisations. However,

APAC is the fastest growing market with a CAGR of around 15.5%. The primary factors driving the market growth are increasing technological adoption, tremendous opportunities across different sectors, and strict directives for data privacy.

Global Cyber Security Market Trends:

• The emerging BYOD trend among organisations has made devices and applications more vulnerable to malware and threats.
• Rise in the adoption of artificial intelligence, which is having the capability to spot unusual patterns in large volumes of encrypted data.

 Global Cyber Security Market Research Report includes:

An executive summary condensing the whole report such that essential authority can rapidly twist up doubtlessly acquainted with brief overview and conclusion.

To have a complete market analysis, industry value chain analysis, Porter’s Five Force Analysis, PESTLE, SWOT analysis, and Y-o-Y analysis were carried out to understand the market more comprehensively.

Regional and global diversity is analysed with the major countries and the unions. Scrutinizing the revenue generation on Year-On-Year

Identifying DROC in the current market and their impact on altering the market dynamics.

Competitive landscape analysis to identify the mergers and acquisitions, which will have a comparative financial analysis with significant competitors.

Expertise investment opportunities by an analyst to the individual and organisation to have a better foothold in the market.

The primary market players in the global cyber security market are:

• Cisco Systems
• IBM Corporation
• Trend Micro
• Symantec Corporation
• Fire Eye Inc.
• Sophos Group Plc

Along with these companies, there were many other companies considered/cited in the report while analysing the global cyber security market. These companies hold substantial share-owning to the nature of the industry whereas the rest of the market shares are marginal chunks to regional and local level manufacturers. Other players have considerable presence owing to its robust brand image, geographical reach and stable customer base.