Cybersecurity Market Share, Size, Trend, Future Demand, and Forecast, 2022–2032

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Market Size – USD 203.8 Billion in 2022, Market Growth – at a CAGR of 12.2%, Market Trends – Rising popularity of security orchestration

Global Cyber Security Market Forecast to 2032

The report, Global Cybersecurity Market Research Report and Forecast to 2032, provides a detailed analysis of the global Cybersecurity market, including market size, market share, current and future trends, and the most recent technological breakthroughs. The research provides information on the regional and global competitive landscape of the Cybersecurity market along with a complete prognosis through 2032. The impact of the COVID-19 epidemic on the market for lead-free piezoelectric ceramic materials has been updated in the most recent research. It examines the impact of the epidemic on each region's political and economic systems. It presents a present and projected view of the pandemic's effects on supply chain disruptions and economic volatility.

According to the most recent analysis by Emergen Research, the size of the worldwide cybersecurity market reached USD 203.8 billion in 2022 and is projected to grow at a revenue CAGR of 12.2% over the forecast period. The proliferation of new cyberattack tools and the quick uptake of Cybersecurity Mesh Architecture (CSMA) by businesses are the two main reasons propelling market revenue development.

The goal of CSMA is to increase the composability and scalability of security by modularizing security services and enabling communication between them via a number of supporting layers. Because CSMA makes security more cohesive and collaborative, a business can achieve higher security with fewer resources. During the course of the projected period, these variables are anticipated to fuel market revenue growth.

The goal of CSMA is to offer a framework that is scalable, interoperable, and composable to enable better interoperability across different security policies and solutions. The foundational layers of CSMA outline fundamental security objectives and capabilities that different security solutions can work together to accomplish. This is expected to drive revenue growth of the market.

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The section on the competitive landscape offers valuable and actionable insights related to the business sphere of the Cyber Security market, covering extensive profiling of the key market players. The report offers information about market share, product portfolio, pricing analysis, and strategic alliances such as mergers and acquisitions, joint ventures, collaborations, partnerships, product launches and brand promotions, among others. The report also discusses the initiatives taken by the key companies to combat the impact of the COVID-19 pandemic.

Key Companies Profiled in the Report are:

IBM Corporation, Cisco Systems, Juniper Networks, CyberArk, Forcepoint, McAfee, Microsoft, F5 Networks, Oracle, and Fortinet

Research Report on the Cyber Security Market Addresses the Following Key Questions:

  • Who are the dominant players of the Cyber Security market?
  • Which regional market is anticipated to have a high growth rate over the projected period?
  • What consumer trends and demands are expected to influence the operations of the market players in the Cyber Security market?
  • What are the key growth drivers and restraining factors of the Cyber Security market?
  • What are the expansion plans and strategic investment plans undertaken by the players to gain a robust footing in the market?
  • What is the overall impact of the COVID-19 pandemic on the Cyber Security market and its key segments?

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Some Key Highlights From the Report

  • The service segment accounted for a significant revenue share in the global cybersecurity market in 2022. This can be attributed to rapid increase in threats of cyber-attack across the globe. Major Information Technology (IT) companies are providing various security services in order to provide protection to cyber infrastructure of end-user companies to meet rising demand. This is driving revenue growth of the segment.
  • The infrastructure protection segment accounted for largest revenue share in 2022. The modern business environment is becoming more digital, along with increasing number of targeted cyberattacks on vital infrastructure and IT systems. Implementing infrastructure security enables businesses to foresee, respond to, and guard against a wide range of threats as well as major incidents impacting critical infrastructure environments.
  • The Identity and Access Management (IAM) segment is expected to account for largest revenue share over the forecast period, which can be attributed to increasing usage of IAM solutions by IT and security organizations to manage user identities and restrict access to corporate resources.
  • The Defense government segment is expected to account for largest revenue share over the forecast period. This can be attribute to increasing number of cyber-attacks aimed at government agencies and public organizations, which has led to rising demand for cybersecurity solutions.
  • The market in North America is expected to register largest revenue share over the forecast period. Conducive government policies such as Infrastructure Investment and Jobs Act in order to drive investment and strengthen cybersecurity and protect sensitive data.
  • On 19 December 2022, CrowdStrike expanded its Falcon platform with an addition of an External Attack Surface Management (EASM) module. The service uses a proprietary engine to continuously search the internet to find customers' known and unknown exposed assets, flags and prioritizes the risks, and provides automated remediation step suggestions through the optimizer services.

Market Segmentations of the Cyber Security Market

This market is segmented based on Types, Applications, and Regions. The growth of each segment provides accurate forecasts related to production and sales by Types and Applications, in terms of volume and value for the period between 2022 and 2032. This analysis can help readers looking to expand their business by targeting emerging and niche markets. Market share data is given on both global and regional levels. Regions covered in the report are North America, Europe, Asia Pacific, Latin America, and Middle East Africa. Research analysts assess the market positions of the leading competitors and provide competitive analysis for each company. For this study, this report segments the global Cyber Security market on the basis of product, application, and region:

Segments Covered in this report are:

  • Component Outlook (Revenue, USD Billion; 2019–2032)
    • Hardware
    • Software
  • Solution Outlook (Revenue, USD Billion; 2019–2032)
    • Threat Intelligence
      1. Identity and Access Management
      2. Security and Vulnerability Management
      3. Risk and Compliance Management
      4. Others (Others include threat intelligence platforms, SIEM, and incident forensics)
    • Encryption
    • Data Loss Prevention
      1. Network DLP
      2. Storage/ Data Center DLP
      3. Endpoint DLP
    • Unified Threat Management
    • Firewall
    • Antivirus/ Antimalware
    • Intrusion Detection Systems/ Intrusion Prevention Systems
      1. Network-based
      2. Host-based
      3. Wireless
    • Disaster Recovery
    • Distributed Denial of Service
    • Web Filtering
    • Others (Other solutions include application whitelisting and patch management)
  • Services Outlook (Revenue, USD Billion; 2019–2032)
    • Professional Services
      1. Design and Integration
      2. Risk and Threat Assessment
      3. Consulting
      4. Training and Education
      5. Support and Maintenance
    • Managed Security Services

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Regional Landscape section of the Cyber Security report offers deeper insights into the regulatory framework, current and emerging market trends, production and consumption patterns, supply and demand dynamics, import/export, and presence of major players in each region.

The various regions analyzed in the report include:

  • North America (U.S., Canada)
  • Europe (U.K., Italy, Germany, France, Rest of EU)
  • Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
  • Latin America (Chile, Brazil, Argentina, Rest of Latin America)
  • Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

Key reasons to buy the Global Cyber Security Market report:

  1. The latest report comprehensively studies the global Cyber Security market size and provides useful inference on numerous aspects of the market, such as the current business trends, market share, product offerings, and product share.
  2. The report offers an insightful analysis of the regional outlook of the market.
  3. It offers a detailed account of the end-use applications of the products services offered by this industry.
  4. The report holistically covers the latest developments taking place in this industry. Therefore, it lists the most effective business strategies implemented by the market rivals for ideal business expansion.

In conclusion, the Cyber Security Market report is an exhaustive database that will help readers formulate lucrative strategies. The Cyber Security Market report studies the latest economic scenario with value, drivers, constraints, growth opportunities, challenges, demand and supply ratio, production capacity, import/export status, growth rate, and others. Additionally, the report also undertakes SWOT Analysis and Porter’s Five Forces Analysis to study the leading companies.

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