Mar 11, 2021

Top Players in Cyber Security Market are Cisco Systems, Inc., IBM Corporation, Fortinet, Inc., Proofpoint, Inc., Microsoft Corporation, Palo Alto Networks, Inc., Zscaler, Inc., Broadcom, Inc., F5 Networks, Inc., Check Point Software Technologies, Sophos Ltd., BAE System, Kaspersky Lab, SonicWall, Tenable Network Security, Karamba Security, Cyberark, F-Secure Corporation, RSA Security LLC, Juniper Networks, Inc., Oracle Corporation, Foresite MSP LLC, FireEye Inc., Forcepoint LLC, Convergent Network Solutions Ltd, McAfee Inc., Armor Defense Inc., Transputec Ltd, Zeguro Inc., Cyber security Services | Source: Fortune Business Insights Pune, India, March 11, 2021 (GLOBE NEWSWIRE) -- The global Cyber Security Market size is expected to gain momentum by reaching USD 366.10 billion in 2028 while exhibiting an impressive CAGR of 12.0% between 2021 and 2028. Fortune Business Insights published this information in its latest report, titled, “Cyber Security Market, 2021-2028.” The report further mentions that the market stood at USD 153.16 billion in 2020 and is projected to experience exponential growth in the forthcoming years. This is ascribable to factors such as the increasing demand for online shopping that is likely to boost the demand for e-commerce platforms worldwide. Click here to get the short-term and long-term impact of COVID-19 on this Market. IBM Corporation Launches IBM Security X-Force amid COVID-19 The demand for cybersecurity solutions has soared amid the COVID-19 pandemic across sectors such as manufacturing, healthcare, and government. The increasing traffic online due to the increasing demand for telehealth and online facilities is expected to favor the market’s demand. Moreover, several key players are focused on launching innovative products worldwide. For instance, in December 2020, IBM Corporation introduced the IBM Security X-Force, an intelligence task force to detect cyber-attacks. Market Segmentation: We have segmented the global market based on component, deployment type, enterprise size, industry, and region. On the basis of the component, the market is segregated into solutions and services. Based on deployment type, the market is bifurcated into cloud and on-premise. Additionally, based on enterprise size, the market is divided into small & medium enterprises, and large enterprises. On the basis of industry, the market is categorized into BFSI, IT and Telecommunications, Retail, Healthcare, Government, Manufacturing, Travel and Transportation, Energy and Utilities, and Others. Moreover, based on industry, the BFSI segment is anticipated to showcase considerable growth owing to the increasing demand for network security solutions across banking, financial, and insurance sectors to protect confidential data. The segment held a cyber-security market share of about 19.5% in 2020. Lastly, based on region, the market is bifurcated into North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa. Request To Sample PDF Brochure: https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/cyber-security-market-101165 What does the Report Include? The global market for cybersecurity report includes in-depth analysis on the leading regions to offer a better understanding for the user. In addition to this, the report provides valuable insights into the latest industry growth trends and efficiently analyzes technologies that are being deployed worldwide. It further offers some drivers and restraints helping the reader gain in-depth knowledge about the market by adopting several research methodologies. DRIVING FACTORS Increasing Number of E-commerce Platforms to Surge Demand According to the U.S. Department of Commerce, the third quarter sales of e-commerce platforms in 2020 increased by about 36.7 percent compared to the same period in 2019. Additionally, it accounted for over 14.3% of total sales worldwide. The increasing demand for online shopping has led to the emergence of several online platforms offering their services to customers. The increasing number of e-commerce platforms is propelling the adoption of advanced cybersecurity solutions globally. This is expected to contribute to the global cybersecurity market growth in the forthcoming years. Ask for Customization: https://www.fortunebusinessinsights.com/enquiry/customization/cyber-security-market-101165 REGIONAL INSIGHTS North America – The region stood at USD 61.93 billion in 2020 and is expected to hold the highest position in the global market. This is attributable to the increasing number of ecommerce platforms in countries such as the U.S. that is expected to boost the demand for advanced cyber security solutions in the region. Europe – The market in the region is expected to experience significant growth backed by the increasing number of projects and the growing investment by major companies in the development of advanced IT security solutions in the region between 2021 and 2028. COMPETITIVE LANDSCAPE Product Launch by Eminent Companies to Intensify the Industry Competition The global market for cybersecurity comprises small, medium, and large companies focusing on developing advanced IT security solutions to cater to the growing industrial demand. Additionally, other key players are adopting strategies such as merger and acquisition, collaboration, and partnership to maintain their presence in the global marketplace. Industry Development: September 2020 - Bharti Airtel Ltd. announced the launch of a suite of internet security solutions for small and medium enterprises. The company has invested about USD 14.2 million for developing advanced solutions to assist SMEs in adopting cloud platforms and other technologies. July 2020 – Quick Heal Technologies introduced advanced network security solutions for their digital customers. The solution provides a secure platform for safeguarding consumer devices, digital identities, and personal data. List of the Companies Operating in the Global Cyber Security Market: Cisco Systems, Inc. (California, United States) IBM Corporation (New York, United States) Fortinet, Inc. (California, United States) Proofpoint, Inc. (California, United States) Microsoft Corporation (Washington, United States) Palo Alto Networks, Inc. (California, United States) Zscaler, Inc. (California, United States) Broadcom, Inc. (California, United States) F5 Networks, Inc. (Washington, United States) Check Point Software Technologies (Israel) Sophos Ltd. (United Kingdom) Kaspersky Lab (Moscow, Russia) Karamba Security (Hasharon, Israel) Juniper Networks, Inc. (California, United States) Oracle Corporation (California, United States) Foresite MSP LLC (Kansas, United States) FireEye Inc. (California, United States) Forcepoint LLC (Texas, United States) Convergent Network Solutions Ltd (London, United Kingdom) McAfee Inc. (California, United States) Armor Defense Inc. (Texas, United States) Transputec Ltd (London, United Kingdom) Zeguro Inc. (California, United States) Cyber security Services (Ohio, United States) Have a Look at Related Research Insights: Enterprise A2P SMS Market Size, Share & COVID-19 Impact Analysis, By Deployment (On-Premises, and Cloud), By Application (Pushed Content Services, Customer Relationship Management Services, Promotion and Marketing, Interactive Services, and Others), By End User (BFSI, Retail and E-commerce, Travel and Hospitality, Healthcare, Media and Entertainment, and Others), and Regional Forecast, 2021-2028 Cloud Based Contact Center Market Size, Share & COVID-19 Impact Analysis, By Component (Solutions and Services), By Deployment (Public, Private, and Hybrid), By Organization Size (Large Organizations, Small and Medium-Sized Organizations), By Vertical (Banking, Financial Services, and Insurance, ITES, IT and Telecom, Government, Healthcare, Consumer Goods and Retail, Travel and Hospitality) and Regional Forecast, 2020-2027 Anti-Plagiarism for the Education Sector Market Size, Share & Covid-19 Impact Analysis, By Type (Text Mining, and Integrated Customization Service), By Application (Students, and Teachers), and Regional Forecast, 2020-2027 Video Analytics Market Size, Share & COVID-19 Impact Analysis, By Component (Solutions, Services), By Application (Crowd Management, Facial Recognition, Intrusion Detection, License Plate Recognition, Motion Detection, and Others), By End-user (BFSI, City Surveillance, Critical Infrastructure, Education, Government, Retail, Transportation, and Others), and Regional Forecast, 2020-2027 5G Infrastructure Market Size, Share & COVID-19 Impact Analysis, By Communication Infrastructure (RAN, Transport Technologies, and Core Technologies), By Spectrum Band (Low Band (<1 GHz), Mid Band (1-6GHz), And High Band (24-40 GHz)), and Regional Forecast, 2020-2027 About Us: Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in. Our reports contain a unique mix of tangible insights and qualitative analysis to help companies achieve sustainable growth. Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data. At Fortune Business Insights™, we aim at highlighting the most lucrative growth opportunities for our clients. We therefore offer recommendations, making it easier for them to navigate through technological and market-related changes. Our consulting services are designed to help organizations identify hidden opportunities and understand prevailing competitive challenges. Contact Us: 308, Supreme Headquarters,