$ 189.70 billion growth of the cyber security market | Driven by the increasing use of mobile devices

New YorkAnd the March 15, 2022 /PRNewswire/ – The global cybersecurity market has the potential to grow 189.70 billion US dollars Between 2020 and 2025. The market observed an annual growth of 12.69% in 2021 and the growth is expected to accelerate at a compound annual growth rate of 14.97% during the forecast period.

Technavio Announces Its Latest in Cyber ​​Security Market by Deployment, End User and Geography – Forecasting and Analysis 2021-2025

The report provides a comprehensive analysis of the market size, annual growth rates, and market behavior up to 2025.

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The market is driven by the growing adoption of mobile devices. Internet access has increased exponentially with the growth in the adoption of mobile devices such as cell phones, laptops, and tablets. These devices contain a lot of personal and critical information that can be accessed by unauthorized users if a mobile device is lost. Also, confidential information accessed by mobile devices is more vulnerable to cyber attacks and hacking. All these factors necessitate the need for advanced cyber security solutions, thus driving the growth of the market.

According to Technavio, the adoption of IoT will have a positive impact on the market and will contribute to its growth significantly during the forecast period. This research report also analyzes other significant trends and market drivers that will influence market growth over the period from 2021 to 2025.

Cybersecurity Market: Adopting the Internet of Things

Companies across various industries are making significant investments in IoT technologies to ensure better connectivity and boost productivity. Technology is integrated with communications systems, devices, and services to improve overall operational efficiency. The adoption of technology has increased interaction between people and machines over a shared wireless network, leaving the organization vulnerable to cyber threats. This forces organizations implementing IoT technology to invest heavily in cybersecurity solutions. This trend will have a positive impact on market growth during the forecast period.

“Implementing a firewall as a disruptive phishing capability will further accelerate market growth,” says an analyst at Technavio.

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Cyber ​​Security Market: Segmentation Analysis

This market research report segments cyber security market by end user (government, BFSI, ICT, manufacturing, etc.), deployment (on-premises and cloud-based solutions) and geography (North AmericaAnd the Europeasia pacific, South Americaand MEA).

The demand for cyber security solutions will be huge from government agencies during the forecast period. This segment is driven by the increase in security installations in developed and developing countries and the increasing contribution from the homeland security and defense sectors. Similarly, in terms of penetration, the market growth will be significant in the domestic segment until 2025.

The North American region led the cybersecurity market in 2021, followed by Europeasia pacific, South Americaand MEA respectively. During the forecast period, the North American market is expected to record incremental growth due to factors such as increased adoption of cyber security solutions by end user industries, shift of traditional IT services to Internet-based IT systems, and increased government initiatives to implement cyber security solutions. The United States is the main market for cybersecurity in North America.

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Some of the main topics covered in the report include:

Market Drivers

Market Challenges

Market trends

landscape seller

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Cyber ​​Security Market Scope

Report coverage

details

page number

120

base year

2020

prediction period

2021-2025

Growth Momentum and CAGR

Accelerating at a compound annual growth rate of 14.97%

Market Growth 2021-2025

189.70 billion US dollars

Market Structure, Market Structure

fragmented

Annual Growth (%)

12.69

Regional Analysis

North America, Europe, Asia Pacific, South America, Middle East and Africa

Market share performance

North America 35%

Main consuming countries

The United States, China, the United Kingdom, Germany, and Japan

Competitive scene

Leading companies, competitive strategies and scope of consumer engagement

Company Profile

AO Kaspersky Lab and Broadcom Inc. and Cisco Systems Inc. and Fortinet Inc. and McAfee LLC, and The Boeing Co. and Hewlett Packard Enterprise Co. and Lockheed Martin Corp. and Booz Allen Hamilton Holding Corp. and Trend Micro Inc.

market dynamics

Key market analysis, market growth triggers and obstacles, analysis of fast-growing and slow-growing segments, impact of COVID 19 and future consumer dynamics, market status analysis for the forecast period.

field of personalization

If our report doesn’t include the data you’re looking for, you can access our analysts and customize the segments.

table of contents:

Executive Summary

market view

  • Market Ecosystem

  • market characteristics

  • value chain analysis

market scaling

Five Forces Analysis

Market segmentation by end user

  • Market segments

  • Comparison by end user

  • Government – Market Size and Forecast for 2020-2025

  • BFSI – Market Size and Forecast for 2020-2025

  • Information and Communication Technology – Market Size and Forecast in 2020-2025

  • Manufacturing – Market Size and Forecast for 2020-2025

  • Others – Market Size and Forecast for 2020-2025

  • Market opportunity by end user

Market segmentation by diffusion

  • Market segments

  • Comparison by publication

  • Domestic Solutions – Market Size and Forecast for 2020-2025

  • Cloud-Based Solutions – Market Size and Forecast for 2020-2025

  • Market opportunity by diffusion

customer scene

geographic landscape

  • geographical segmentation

  • geographical comparison

  • North America – Market Size and Forecast for 2020-2025

  • Europe – Market Size and Forecast for 2020-2025

  • Asia Pacific Region – Market Size and Forecast for 2020-2025

  • South America – Market Size and Forecast for 2020-2025

  • Middle East and Africa – Market Size and Forecast for 2020-2025

  • Leading countries

  • Market opportunity by geography

  • Market Drivers – Demand-led growth

  • Market Challenges

  • Market trends

landscape seller

  • competitive scenario

  • landscape seller

  • landscape disturbance

  • Industry risk

Vendor Analysis

  • covered sellers

  • Market position for sellers

  • AO Kaspersky Lab

  • Booz Allen Hamilton Holding Corp.

  • Broadcom Inc.

  • Cisco Systems, Inc

  • Fortinet Company

  • Hewlett Packard Enterprise Co.

  • Lockheed Martin Corporation.

  • McAfee LLC

  • Boeing Company

  • Trend Micro Inc

Supplement

About Technavio

Technavio is a global leader in technology research and consulting. Their research and analysis focus on emerging market trends and provide actionable insights to help companies identify market opportunities and develop effective strategies to improve their market positions.

With over 500 dedicated analysts, Technavio’s reporting library consists of more than 17,000 reports and statistics, covering 800 technologies, spanning across 50 countries. Their client base consists of organizations of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in current and potential markets and to assess their competitive positions within changing market scenarios. .

Contacts

Technavio Research
Jesse Maeda
Marketing and Media Executive
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United Kingdom: +44 203893 3200
email: media@technavio.com
website: www.technavio.com/

Technavio (PRNewsfoto / Technavio)

Technavio (PRNewsfoto / Technavio)

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