(USGovernment-News.Com, May 16, 2018 ) The Global Cyber Security market is estimated at $85.21 billion in 2015 and is expected to reach $224.48 billion by 2022 growing at a CAGR of 14.84% from 2015 to 2022. Growing cybercrimes which may cause the loss of intellectual and financial assets and increase in adoption of cloud-based security solutions are some of the key factors propelling the market growth. Whereas use of pirated and freeware software for cyber security is hindering the market growth. Growing demand for Next Generation Security Solutions and increasing potential for Mobile and Web Applications and Platforms are the opportunity factors for the market players. However lack of skilled professionals is challenging the market growth.
By service, Managed Services segment is expected to grow at highest CAGR during forecast period. In deployment mode, organisations are showing interest towards cloud deployment because of its cost-effective and time-efficient features. North America accounted for the highest market share as compared to other regions. The Asia Pacific region is expected to grow at a higher CAGR and is anticipated to account for the highest market share during forecast period because of increase growing adoption of web and mobile based business applications. Demand from developing countries in this region is one of the key drivers for the Asia Pacific region to move with highest CAGR during forecast period.
Some of the key players in the market include BAE Systems PLC, The Boeing Company, Booz Allen Hamilton Inc, Cisco Systems Inc, Computer Sciences Corporation, Dell Inc, Finmeccanica SpA, General Dynamics Corporation, Hewlett Packard Company, International Business Machines Corporation (IBM), Intel Security, Symantec Corporation, Rapid7, Inc., EMC RSA, Fireeye, Inc., Trend Micro, Inc. and Sophos Ltd.
Web Filtering Unified Threat Management (UTM) Security and Vulnerability Management Risk and Compliance Management Intrusion Detection System/Intrusion Prevention System (Ids/Ips) Identity and Access Management (IAM) Firewall Encryption Distributed Denial of Service Mitigation Security Types Covered:
Application Security Cloud Security Content Security Endpoint Security Network Security Wireless Security Industrial Control Systems Security Services Covered:
Professional Services Managed Services Applications Covered:
Telecom and IT Retail Manufacturing Healthcare Government and Public Utilities Banking, Financial Services and Insurance (BFSI) Aerospace, Defense and Intelligence Other Applications Deployment Modes Covered:
On-Premises Cloud Components Covered:
Services Solution Organization Sizes Covered:
Large Enterprises Small and Medium Enterprises Regions Covered:
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