Global Market Study on Cyber Security: Services Segment Projected to be the Most Attractive Segment by Component During 2017 - 2025


  • Published On : May-2017 |
  • Pages : 230 Pages |
  • Format :

Report Description

“Cyber Security Market: Global Industry Analysis and Forecast 2017 – 2025,” a new report by Persistence Market Research offers insights into the various factors driving the popularity of the need for cyber security in five regions across the globe. The report includes an extensive analysis of key industry drivers, restraints, market trends and market structure. The market study provides a comprehensive assessment of key stakeholder strategies and imperatives for succeeding in the business. The report segregates the market based on component type, technology type and verticals using cyber security across different regions globally. Impact analysis of key growth drivers and restraints based on the weighted average model is included in this report to facilitate clients with crystal clear decision-making insights. While analyzing the data the analysts have not only considered the historical trend examination but have also taken into consideration statistical analysis and government support analysis. Top countries’ GDP analysis has been included in this report. The report quantifies the market value and market volume share of various segments of the global cyber security market across the studied regional markets, thereby performing a comprehensive analysis of the global cyber security market across all levels.

In-depth assessment of capabilities and detailed profiles of key competitors is included in the scope of the report

This report on the global cyber security market presents a competitive landscape to provide clients with a dashboard view based on categories of providers in the value chain, presence in the cyber security portfolio and key differentiators. This section is primarily designed to provide clients with an objective and detailed comparative assessment of key providers specific to a market segment in the cyber security supply chain as well as potential players. Report audiences can gain segment-specific vendor insights to identify and evaluate key competitors based on an in-depth assessment of capabilities and success in the marketplace. Detailed profiles of providers are also included in the scope of the report to evaluate their long-term and short-term strategies, key offerings and recent developments in the global cyber security market.

Market Segmentation

By Technology

  • Managed Security Services
  • End-point Security
  • Integration Services
  • Consulting Services
  • Unified Threat Management
  • Others

By Component

  • Hardware
  • Software
    • Identity and Access Management
    • End-point Security
    • Security and Vulnerability Management
  • Services

By Vertical

  • Banking
  • Discrete Manufacturing
  • Government Agencies
  • Process Manufacturing
  • Healthcare
  • Telecommunication
  • Energy and Utilities
  • Investment Services
  • Others

By Region

  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • Middle East & Africa

Research Methodology

This report evaluates the present scenario and the growth prospects of the global cyber security market across various regions globally for the period 2017 – 2025. The analysts have considered 2016 as the base year and have provided data for the trailing 12 months. In order to offer an accurate forecast, the analysts have started by sizing the current market, which forms the basis for how the global cyber security market will grow in the future. Given the characteristics of the market, the analysts have triangulated the outcome of different types of analyses based on the technology trends. In addition, the report not only presents forecasts in terms of CAGR but also analyzes the market on the basis of key parameters such as year-on-year (Y-o-Y) growth to understand the predictability of the market and to identify the right opportunities across the market. As previously highlighted, the global cyber security market is split into a number of segments. All segments are analyzed in terms of basis point share to understand each individual segment’s relative contribution to market growth. This detailed level of information is important for the identification of various key trends governing the global cyber security market.

Another key feature of this report is the analysis of all market segments in terms of absolute dollar opportunity. This is traditionally overlooked while forecasting the market. However, absolute dollar opportunity is critical in assessing the level of opportunity that a provider can look to achieve, as well as to identify potential resources from a sales and delivery perspective. Yearly change in inflation rate has not been considered while forecasting market numbers. Top-down approach has been used to assess market numbers for each category while bottom-up approach has been used to counter-validate the reached market numbers.

The software segment by component is likely to show remarkable revenue growth in the global cyber security market during 2017-2025

The software component segment in the global cyber security market was valued at more than US$ 20 Bn in 2016 and is expected to reach a market valuation in excess of US$ 53 Bn by 2025 end. Revenue generated from the software segment is expected to expand at a CAGR of 11.7% over the forecast period. The software segment in the global cyber security market is expected to create incremental dollar opportunity of more than US$ 31 Bn between 2017 and 2025.     

Increasing adoption of cloud computing networks and services expected to fuel the growth of the software segment in the global cyber security market

Increasing usage of cloud-based services for multiple workloads such as email services, data backups, ERP, CRM, and collaboration services is expected to drive the growth of the software segment during the period of assessment. The cost of cloud-based services is comparatively cheaper as these do not require setting up of complex IT infrastructure. However, cloud deployment increases vulnerabilities in software and makes it easily accessible by unauthorized persons. Hence many companies are adopting cyber security solutions to secure their workloads on the cloud without any risks of cyber threat. For instance, in February 2017 IBM Corporation launched Watson for cyber security, which is augmented intelligence technology designed to enhance cognitive security at operation centers.

The rising trend of digitization is creating a potential possibility of new cyber threats, hence prompting enterprises to opt for cyber security solutions in order to ensure that hackers and other unauthorized users are unable to access critical information and data. Digitization has resulted in the emergence of multichannel integration and various other customer interfaces that are vulnerable. Hence, it is vital for enterprises to stay ahead of cyber security threats by protecting information with cyber secure IT infrastructure. As a result of the growing proliferation of digitization, the demand for cyber security solutions is growing at a relatively high rate, thereby driving the growth of the software segment in the global cyber security market.

Enterprises are required to upgrade their health IT infrastructure in preparation for the shift to the Internet of Things and to keep up with increasing adoption of connected medical devices. This technological advancement enables patients and service providers to enable more efficient management and security measures of information and data in the healthcare sector. At the same time, adoption of connected devices opens up avenues and loopholes for hackers to steal data such as patient records and also conceal services being offered by healthcare service providers. As a result of such cyber threats, healthcare organizations adopting connected medical devices also prefer deploying cyber security solutions. This particular factor is boosting the growth of the global cyber security market, and subsequently the revenue growth of the software segment by component.

cyber security market

CAGR forecast of the software segment by component across the various regional markets

The software segment is expected to register high Year-on-Year growth rates throughout the forecast period in the global market. In terms of value, the software segment is expected to expand at a CAGR of 9.4% during the forecast period in the North America cyber security market. In Latin America, the software segment is anticipated to expand at a CAGR of 12.5% in terms of value during the period of assessment. The software segment in the Asia Pacific cyber security market is anticipated to grow at a CAGR of 9.4% in terms of revenue; while in the MEA cyber security market, the software segment is likely to register a value CAGR of 13.8% over the forecast period.

Company Profiles

  • IBM Corporation
  • Microsoft Corp.
  • Lockheed Martin
  • Intel Corporation
  • Secureworks
  • Symantec Corporation
  • Verizon Communication Inc.
  • Sophos Ltd.
  • Trend Micro Incorporated
  • Check point software technologies.
  • Others.
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