• Skip to main content
  • Skip to secondary menu
  • Skip to primary sidebar
  • Skip to footer
  • Upcoming Events
    • CryptoSphere, Wrocław (February 4, 2023)
    • TMRW, Dubai (February 8-10, 2023)
    • European Blockchain Convention, Barcelona (February 15-17, 2023)
    • Blockchain Fest, Singapore (February 16-17, 2023)
    • Blockchain Economy Summit, London (February 27-28, 2023)
    • Paris Blockchain Week (March 20-24, 2023)
    • GAIN Expo, Amsterdam (May 4-5, 2023)
    • Blockchain Expo North America, Santa Clara (May 17-18, 2023)
    • COMEX, Oman (May 22-25, 2023)
    • BLOCK3000: Blockchain Battle, Lisbon (July 6-7, 2023)
    • NFT Show Europe, Valencia (July 14-15, 2023)
    • TOKEN2049, Singapore (September 13-14, 2023)
    • Blockchain Expo Europe, Amsterdam (September 26-27, 2023)
  • Past Events
    • Event Horizon
    • Blockchain Life
    • BlockShow Europe

Crypto Reporter

Online magazine about cryptocurrencies, NFTs, DeFi, GameFi and other blockchain technologies


Join us on Telegram: https://t.me/crypto_reporter
Visit Paris Blockchain Week on March 20-24, 2023
  • News
    • News Feed
    • Cryptocurrencies
      • Bitcoin
      • Altcoins
    • Payment solutions
    • Exchanges
      • Binance
      • bitFlyer
      • Bitfinex
      • CBOE
      • CME
      • Coinbase
      • Coincheck
      • Coinfloor
      • Nasdaq
      • Poloniex
    • Regulations
      • Australia
      • Belarus
      • China
      • Europe
      • India
      • Iran
      • Israel
      • Japan
      • North Korea
      • Philippines
      • Portugal
      • Russia
      • South Korea
      • Thailand
      • Turkey
      • Venezuela
      • Vietnam
      • United States
    • Blockchain platforms
    • Crypto news in brief
    • Stats & trends
    • Reviews
      • Ambrosus
      • ATN
      • Dash
      • Green Power Exchange
      • Power Ledger
      • ShapeShift
      • Waltonchain
      • Cryptocurrency market capitalization can top 4 trillion USD, under conservative estimates
    • Opinion
    • Sponsored
  • Press Releases

Cybersecurity Market – Global Forecast to 2027: Opportunities Emerging in Increasing Use of AI, ML, And Blockchain Technologies for Cyber Defense – ResearchAndMarkets.com

January 23, 2023 By Business Wire

DUBLIN--(BUSINESS WIRE)--The "Cybersecurity Market by Type, Solution - Global Forecast to 2027" report has been added to ResearchAndMarkets.com's offering.


The global cybersecurity market is projected to reach $300 billion by 2027, at a CAGR of 11.2% during the forecast period of 2019-2027.

The growth of this market is attributed to the increasing demand for network security & privacy, increasing adoption of cloud computing, growing need for digital transformation in the telecommunication industry, increasing frequency of cyberattacks, and growing regulations for information security.

Based on component, in 2018, the solutions segment accounted for the largest share of the cybersecurity market. The large market share of this segment is attributed to the growing number of IoT deployments, the increasing focus on solution-centric security capabilities, and the rising vulnerabilities on endpoint devices. In addition, the benefits offered by cybersecurity, such as high performance, reliability, comprehensive vulnerability coverage, efficiency, and security of real-time applications, further augment the growth of this segment.

Based on type, in 2018, the network security segment accounted for the largest share of the cybersecurity market. The large market share of this segment is attributed to the growing demand for web and content filtering, the increasing adoption of cloud computing technologies, and the increasing need to protect connected network infrastructure.

Based on organization size, in 2018, the large enterprises segment accounted for the largest share of the cybersecurity market due to its strong infrastructure and management of cybersecurity platforms by skilled IT personnel. Furthermore, large enterprises focus on desired security channels against cyber threats to retain customers, boost sales, and validate necessary steps to overcome market interruptions, such as the COVID-19 outbreak.

Based on end-use industry, the government segment accounted for the largest share of the cybersecurity market. The large market share of this segment is attributed to the growing concerns regarding a data breach of intelligence, financial activities, research and development activities, and high spending on security solutions.

In 2018, North America accounted for the largest share of the cybersecurity market. The large share of this market is attributed to the increasing technological advancements in North America, developed internet infrastructure, high adoption of technology, and the presence of a majority of the established cybersecurity vendors and start-ups. The high proliferation of IoT devices and cloud-based services is further propelling the growth of the cybersecurity market across North America.

However, Asia-Pacific is projected to register the highest CAGR during the forecast period. The presence of fast growing economies, improvement in the business environment and infrastructure, rapid digitization, and the increasing threats of cyberattacks on healthcare, BFSI, and retail industries in the region are expected to drive the growth of the cybersecurity market in Asia-Pacific.

Key questions answered in the report:

  • Which are the high-growth market segments in terms of component, type, organization size, deployment mode, end-use industry, and region?
  • What is the historical market for cybersecurity across the globe?
  • What are the market forecasts and estimates for the period 2019-2027?
  • What are the major drivers, restraints, and opportunities in the global cybersecurity market?
  • Who are the major players in the global cybersecurity market, and what market share do they hold?
  • Who are the major players in various countries, and what market share do they hold?
  • How is the competitive landscape?
  • What are the recent developments in the global cybersecurity market?
  • What are the different strategies adopted by major players in the global cybersecurity market?
  • What are the geographical trends in high-growth countries?
  • Who are the local emerging players in the global cybersecurity market, and how do they compete with the other players?

Market Dynamics

Drivers

  • Growing Adoption of Disruptive Digital Technologies Across Industries
  • Increased Frequency & Sophistication of Cyberattacks
  • Rising Need for Data Security & Privacy

Restraints

  • Dearth of Trained Cybersecurity Professionals

Opportunities

  • Growing Need for Cloud-Based Security Solutions Among SMEs
  • Increasing Use of AI, ML, And Blockchain Technologies for Cyber Defense

Challenges

  • IoT Devices' Vulnerability to Cyberattacks

Trends

  • Increasing Use of Smartphones as An Attack Vector
  • Growing Adoption Of 5g Technology

Company Profiles

  • Fortinet Inc. (U.S.)
  • Cisco Systems Inc. (U.S.)
  • Juniper Networks Inc. (U.S.)
  • Palo Alto Networks Inc. (U.S.)
  • IBM (U.S.)
  • Check Point Software Technologies Ltd. (Israel)
  • F5 Networks Inc. (U.S.)
  • FireEye Inc. (U.S.)
  • Splunk Inc. (U.S.)
  • Symantec Corporation (U.S.)
  • Oracle (U.S.)
  • Microsoft Corporation (U.S.)
  • Intel (U.S.) Imperva Inc(U.S.)
  • CyberArk Software Ltd. (U.S.)
  • RSA Security LLC. (U.S.)

Scope of the Report:

Cybersecurity Market, by Component

  • Solutions
  • Encryption
  • Data Loss Prevention
  • Unified Threat Management
  • Firewall
  • Antivirus/Antimalware
  • Intrusion Detection System/Intrusion Prevention System
  • Security and Vulnerability Management
  • Disaster Recovery
  • Web Filtering
  • Identity & Access Management
  • Risk & Compliance Management
  • DDS Management
  • Services
  • Professional Services
  • Managed Services

Cybersecurity Market, by Type

  • Network Security
  • Endpoint Security
  • Application Security
  • Cloud Security

Cybersecurity Market, by Organization Size

  • Small and Medium Enterprises
  • Large Enterprises

Cybersecurity Market, by Deployment Mode

  • On-Premise
  • Cloud-based

Cybersecurity Market, by End-use Industry

  • Aerospace & Defence
  • Government
  • BFSI
  • IT & Telecom
  • Healthcare
  • Retail
  • Manufacturing
  • Other End-use Industries

Cybersecurity Market, by Geography

  • North America
  • U.S.
  • Canada
  • Europe
  • U.K.
  • Germany
  • France
  • Italy
  • Spain
  • Rest of Europe
  • Asia-Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia & New Zealand
  • Rest of Asia-Pacific
  • Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
  • Middle East & Africa
  • Israel
  • GCC
  • Rest of MEA

For more information about this report visit https://www.researchandmarkets.com/r/xrxcto

About ResearchAndMarkets.com

ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.


Contacts

ResearchAndMarkets.com
Laura Wood, Senior Press Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./ CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900

Filed Under: News Feed

Primary Sidebar

Follow Us

Press Releases

World Cup Inu (WCI) is now on Lbank Exchange, Enjin Coin (ENJ) launches latest wallet version, While Orbeon Protocol (ORBN) gives amazing return

February 2, 2023

Europe’s most influential blockchain & crypto event returns to Barcelona

February 1, 2023

METACO Harmonize Selected by DekaBank as Core Platform for Institutional Digital Asset Offering

February 1, 2023

Oasys to be Listed on Leading Japanese Crypto Exchange, bitbank

February 1, 2023

Cardano (ADA), Uniswap (UNI) and Orbeon Protocol (ORBN) Are the Top Cryptocurrencies Ready to Skyrocket

February 1, 2023

Cryptosphere

TMRW

EBC 2023

Blockchain Fest Singapore 2023

Blockchain Economy London 2023

PBW 2023

GAIN Expo 2023

Blockchain Expo North America 2023

COMEX 2023

Blockchain Expo Europe 2023

Blockchain Expo Global 2023

Footer

Crypto Reporter is an online magazine about cryptocurrencies, NFTs, DeFi, GameFi and other blockchain technologies
About us
Contact us
Submit press-release

Search

2017-2023 Crypto Reporter