Growth of Cyber Security Market Driven by Financial Service Companies, Hospitals and Power plants
The global cyber security market size was around $150 billion in 2018, and the opportunities will be growing at a healthy CAGR of 8% during the forecast period 2019-2025.
Hyderabad, India – August 1, 2019 /MarketersMedia/ —
Global Cyber Security Market: Demand Analysis and Growth Forecast
As per the findings by a newly compiled business study by IndustryARC, the global cyber security market size was around $150 billion in 2018, and the opportunities will be growing at a healthy CAGR of 8% during the forecast period 2019-2025. The report is titled: “Cyber Security Market: By Type (Cybersecurity software, Cybersecurity hardware, others); By Domain(Network & Endpoint Security, Internet of Things/Industrial Internet of Things Security, Threat Intelligence, Mobile Security, Behavioral Detection, Cloud Security, Deception Security and Others); By Technologies (Context Aware Behavioral Analytics, Next Generation Breach Detection, Virtual Dispersive Networking (VDN) ,others ); By Industry Vertical (Aerospace, Government, Financial Services, Healthcare, Telecommunications, Automobile, Information Technology sector and others); & By Geography – Forecast (2019-2025).” This report covers Cyber Security Market Size by technologies and domain, Cyber Security Market share by top 5 companies and also the market share by start-ups during the forecast period.
Cybersecurity is one of the challenging measures which surmount with the efforts of innovative attackers. It is more efficient to defend against cyber-attack and secure confidential data. Different types of cybersecurity threats are noted as malware, ransomware, social engineering, and phishing. The attacker uses vulnerability, unintended API to direct an unintended software which depicts the exposure of danger to a system of an organization. In cybersecurity, eavesdropping is an interception of communication which includes phone calls, emails, instant messages; and conversation in real time. Spoofing is used in most common phishing attacks to gain sensitive information of an organization. Additionally, tampering deals with data modification using unauthorized channels is another challenge that cybersecurity market vendors offer help with.
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Global Cyber Security Market: Leading Segments
Telecommunications industry continues to be the key end-user segment of the cyber security market, and opportunities are expanding at CAGR 10% over the forecast period 2019-2025. Telecommunication deals with sensitive data such as personal details and financial information of an individual. As these are the major targets of cyber-crime, there exists a necessity of anti-malware solution.
Based on the geographical analysis provided in the IndustryARC market research report, North America region held the major share of nearly 40% among other regions in the cybersecurity market for the year 2018. In the U.S., government majorly rely on information technology to enhance citizen engagement in every modern organization, consequently, it is more targeted by cybercriminals. Recently the White House has released a new cybersecurity strategy to provide government agencies and law enforcement partners to respond against cybercrime and nation-state attacks with prodigious ability. Advanced cyber defense programs conducted by the governments in this region are influencing the growth of the cyber security market.
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Global Cyber Security Market Trends
Evolving technologies such as cloud technology, hardware authentication, and user behavior analytics are in widespread to provide counterattack for inventive attackers
Unremitting demand for cybersecurity from the government, financial services, energy, and healthcare industries
Global Cyber Security Market: Competitive Landscape
NTT Com Security, NGC Group, Secure Link, Cisco, Symantec, Palo Alto Networks, Checkpoint, Microsoft, McAfee, Trend Micro, Sophos, Dell, SecureWorks are some of the key companies operating in the global cyber security market. These companies are mentioned as the major market share players in the cyber security market research report
Related Reports:
A. Cyber Security Market In Government
https://www.industryarc.com/Report/17947/cyber-security-market-in-government.html
B. Cyber Security Market In Fintech
https://www.industryarc.com/Report/17945/cyber-security-market-in-fintech.html
About IndustryARC:
IndustryARC primarily focuses on Cutting Edge Technologies and Newer Applications market research. Our Custom Research Services are designed to provide insights on the constant flux in the global supply-demand gap of markets. Our strong team of analysts enables us to meet the client research needs at a rapid speed, with a variety of options for your business. Any other custom requirements can be discussed with our team, drop an e-mail to sales@industryarc.com to discuss more about our consulting services.
Contact Info:
Name: Venkat Reddy
Email: Send Email
Organization: IndustryARC
Phone: +1-614-588-8538
Website: https://www.industryarc.com/Domain/7/information-communication-technology-market-research.html
Source: MarketersMedia
Release ID: 88902890
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