Global Cyber Security Market: Insights & Forecast (2022-2026)

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Global Cyber Security Market (By Segment,
End-Users Region) Insights Forecast with
Potential Impact of COVID-19
December 2022
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Executive Summary
The global cyber security market is forecasted to
reach US297.2 billion in 2026, experiencing
growth at a CAGR of 7.54 during the period
spanning from 2022 to 2026. Growth in the global
cyber security market was supported by factors
such as surge in cyber crime rate, increasing
digitalization, rise in cyber security
regulations, evolution of Internet of Things
(IoT) devices, upsurge in web traffic, surge in
tech startups, and rising e-commerce sales.
However, the market growth is expected to be
restrained by complexity of network
infrastructure and higher reliance on traditional
authentication methods. The global cyber
security market by type can be segmented as
follows security services, infrastructure
protection, network security, identity access
management, consumer security services,
integrated risk management, data security,
application security, cloud security and other
information security software. In 2021, the
dominant share of global cyber security market
was held by security services, followed by
infrastructure protection. The global cyber
security market by end user can be segmented as
follows government, IT telecom, banking,
manufacturing, insurance, transportation,
securities and others. The largest share of the
market was being held by government, followed by
IT telecom and banking. The global cyber
security market by region can be segmented as
follows North America, Europe, Asia Pacific,
Latin America and Middle East Africa. In 2021,
the dominant share of market was being held by
North America, followed by Europe and Asia
Pacific. Factors such as surge in tech startups
and rising e-commerce sales helped in boosting
market growth.
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Executive Summary
Scope of the report The report provides a
comprehensive analysis of the global cyber
security market with potential impact of
COVID-19. The major regional markets (North
America, Europe, Asia Pacific, Latin America and
Middle East Africa) have been analyzed. The
market dynamics such as growth drivers, market
trends and challenges are analyzed in-depth.
The competitive landscape of the market, along
with the company profiles of leading players
(International Business Machines Corporation
(IBM), Cisco Systems, Inc., Broadcom Inc., Palo
Alto Networks, Inc., McAfee Corp., Check Point
Software Technologies Limited) are also presented
in detail. Key Target Audience IT services
companies Cyber security solution providers
End Users (Businesses/Consumers) Investment
Banks Government Bodies Regulating Authorities
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Report Coverage
Introduction/ Overview
Impact of COVID-19
Market Analysis
Regional Analysis
Market Dynamics Drivers, Trends Challenges
Competitive Landscape
Company Profiles
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Types of Cyber Security
Security Type Sub- Sectors
Cloud Security Cloud Access Security Brokers
Network Security Firewall and Next-Generation Firewalls, UTM Products, Intrusion Detection and Prevention Systems, Network Access Control, Network Detection and Response
Application Security Vulnerability Assessment, Application Security Testing, Web Application Firewalls
Identity and Access Management Access Management, Privileged Access Management, Identity Governance and Administration, User Authentication
Infrastructure Protection Endpoint Protection Platform (Enterprise), Secure Email Gateway, Secure Web Gateway, Security Information and Event Management, Threat Intelligence
Data Security Enterprise Data Loss Prevention, Encryption, Tokenization
Integrated Risk Management Digital Risk Management, Vendor Risk Management, Business Continuity Management, Audit Management, Corporate Compliance and Oversight, Enterprise Legal Management
Security Services Hardware Support, Consulting, Implementation
Consumer Security Software
Other Information Security Software
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Global Cyber Security Market Forecast by Value
Global Cyber Security Market Forecast by Value,
2017-2026 (US Billion)
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2017
2018
2019
2020
2021
2022E 2023E 2024E 2025E 2026E
Note These are dummy figures. Please purchase
the report for actual figures.
The global cyber security market is forecasted to
reach USxx billion in 2025, increasing from
USxx billion in 2021. The market is anticipated
to grow at a CAGR of xx for the period spanning
2022-2026. With the rise of data-centric
businesses and the digital state, all connected,
the value of data has increased. To protect this
data from infiltrators, the businesses are
channelling their spending on cyber security,
which is expected to incline in future.
Furthermore, the trends for internet of things
(IoT), bring your own device (BYOD), artificial
intelligence (AI), and machine learning in cyber
security, are expected to increase the cyber
security market growth in the coming years.
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Global Cyber Security Market by Segment
Global Cyber Security Market by Segment (2021)
Note These are dummy figures. Please purchase
the report for actual figures.
The global cyber security market can be segmented
as follows external cyber security and internal
cyber security. In 2021, the dominant share of
market was being held by external cyber security
with a share of xx. While internal cyber
security segment held a share of xx.
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Global Cyber Security Market by Segment
Global External and Internal Cyber Security
Market Forecast by Value (2022-2026) (US Billion)
2026E
Note These are dummy figures. Please purchase
the report for actual figures.
The global external cyber security market is
forecasted to reach USxx billion in 2026,
increasing from USxx billion in 2022. The market
is anticipated to grow at a CAGR of xx for the
period spanning 2022-2026. The global internal
cyber security market is forecasted to reach
USxx billion in 2026, increasing from USxx
billion in 2022. The market is anticipated to
grow at a CAGR of xx for the period spanning
2022-2026. As industries become further
digitalized and embedded into the cloud, both
internal and external cyber attacks have become
common leading to data breach. Thus, the use of
cyber security products and services has become
paramount in preventing such attacks and are
expected to play an important role in future as
well.
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Global Cyber Security Market by Type
Global Cyber Security Market by Type (2021)
Note These are dummy figures. Please purchase
the report for actual figures.
The global cyber security market by type can be
segmented as follows security services,
infrastructure protection, network security,
identity access management, consumer security
services, integrated risk management, data
security, application security, cloud security
and other information security software. In 2021,
the dominant share of xx was being held by
security services segment. This was being
followed by infrastructure protection, network
security, identity access management, consumer
security services, integrated risk management,
data security, application security, and cloud
security which held a share of xx, xx, xx,
xx, xx, xx, xx, and xx, respectively. And,
the other information security software accounted
for a share of xx in the cyber security market.
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Global Cyber Security Market by Type
Global Infrastructure Protection Market Forecast
by Value (2022-2026) (US Billion)
Note These are dummy figures. Please purchase
the report for actual figures.
The global infrastructure protection market
inclined to USxx billion in 2021, from USxx
billion in 2020. The global infrastructure
protection market is forecasted to reach USxx
billion in 2026, increasing from USxx billion in
2022. The market is anticipated to grow at a CAGR
of xx for the period spanning 2022-2026. The
broad infrastructure protection portfolio
safeguards networking and endpoint devices, and
the data that travels between them, in one place.
With threat volumes increasing and attacks
becoming more sophisticated, critical
infrastructure protection is essential to the
wellbeing of any business, thus necessitating the
infrastructure protection cyber security
solutions.
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Global Cyber Security Market by Type
Global Identity Access Management Market Forecast
by Value (2022-2026) (US Billion)
Note These are dummy figures. Please purchase
the report for actual figures.
The global identity access management market
value inclined to USxx billion in 2021, from
USxx billion in 2020. The global identity access
management market is forecasted to reach USxx
billion in 2026, increasing from USxx billion in
2022. The market is anticipated to grow at a CAGR
of xx for the period spanning 2022-2026. Identity
access management (IAM) security ensures greater
control of user access. By identifying,
authenticating, and authorizing users, while
prohibiting unauthorized ones, IAM security
improves the efficiency and effectiveness of
access management throughout the business.
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Global Cyber Security Market by End User
Global Cyber Security Market by End User (2021)
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the report for actual figures.
The global cyber security market by end user can
be segmented as follows government, IT
telecom, banking, manufacturing, insurance,
transportation, securities and others. In 2021,
government sector occupied the dominant share of
xx. This was being followed by IT telecom,
banking, manufacturing, insurance,
transportation, securities and other end users
with share of xx, xx, xx, xx, xx, xx and
xx, respectively.
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Global Cyber Security Market by End User
Global Government Cyber Security Market Forecast
by Value (2022-2026) (US Billion)
Note These are dummy figures. Please purchase
the report for actual figures.
The global government cyber security market is
forecasted to reach USxx billion in 2026,
increasing from USxx billion in 2022. The market
is foreseen to grow at a CAGR of xx for the
period spanning 2022-2026. Cyber security has
proven to be a necessary investment for
government agencies. Technology has provided new
ways for government agencies to work, interact
with citizens and improve overall operations.
With technology constantly evolving, cyber
criminals are constantly developing new ways to
attack systems and the agencies that host them.
Thus, in the interest of national security,
government across the globe has increased their
budget spending on cyber security.
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Global Cyber Security Market by End User
Global IT Telecom Cyber Security Market
Forecast by Value (2022-2026) (US Billion)
Note These are dummy figures. Please purchase
the report for actual figures.
The global IT telecom cyber security market is
forecasted to reach USxx billion in 2026,
increasing from USxx billion in 2022. The market
is anticipated to grow at a CAGR of xx for the
period spanning 2022-2026. As cyber-attacks on
telecom and IT networks and cloud data become
more popular, the demand for cyber security
solutions has increased. Furthermore, the
increasing use of mobile and IoT devices has
increased the incidents of data breach. This is
expected to drive the need for IT telecom cyber
security solutions.
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Global Cyber Security Market by Region
Global Cyber Security Market by Region (2021)
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The global cyber security market by region can be
segmented as follows North America, Europe, Asia
Pacific, Latin America and Middle East Africa.
In 2021, North America recorded the highest share
of xx. This was being followed by Europe, Asia
Pacific, Latin America and Middle East Africa
which held a share of xx, xx, xx and xx,
respectively.
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North America Cyber Security Market Forecast by
Value
North America Cyber Security Market Forecast by
Value, (2019-2026) (US Billion)
Note These are dummy figures. Please purchase
the report for actual figures.
North America cyber security market inclined to
USxx billion in 2021, from USxx billion in
2020. North America cyber security market is
forecasted to reach USxx billion in 2026,
increasing from USxx billion in 2022. The market
is anticipated to grow at a CAGR of xx for the
period spanning 2022-2026. North America invests
heavily in cyber security solutions to avoid
theft of intellectual property and compromise
systems used to monitor and control the countrys
defense systems and capabilities. In fact, North
America has hundreds of individual state and
sector-specific privacy and data security laws.
This region holds a dominant share in cyber
security market and holds further opportunities
of investment in cyber security.
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North America Cyber Security Market by Region
North America Cyber Security Market by Geography,
(2021)
Note These are dummy figures. Please purchase
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North America cyber security market by geography
can be segmented as follows The US and Canada.
In 2021, the dominant share of xx was being held
by the US. While Canada held a share of xx. The
US is a primary hub for all the major
organizations across the world. The expansion of
the retail industry and the growth of IoT are
driving the demand for smart devices and mobiles
in the region. 
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Asia Pacific Cyber Security Market Forecast by
Value
Asia Pacific Cyber Security Market Forecast by
Value, (2019-2026) (US Billion)
Note These are dummy figures. Please purchase
the report for actual figures.
Asia Pacific cyber security market inclined to
USxx billion in 2021, from USxx billion in
2020. Asia Pacific cyber security market is
forecasted to reach USxx billion in 2026,
increasing from USxx billion in 2022. The market
is anticipated to grow at a CAGR of xx for the
period spanning 2022-2026. With the recent
outbreak of COVID-19, the Asia Pacific cyber
security market is expected to witness
significant growth as there are increasing trend
of cyber-attacks through malware and ransomware
in the context of COVID-19 which is forcing the
organizations to adopt cyber security solutions
as many of them have shifted to remote work
atmosphere amid lockdown in various countries.
The spending on cyber security in Asia Pacific
region is predicted to accelerate at highest
CAGR, in comparison to other regions.
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Asia Pacific Cyber Security Market by Region
Asia Pacific Cyber Security Market by Geography,
(2021)
Note These are dummy figures. Please purchase
the report for actual figures.
Asia Pacific cyber security market by geography
can be segmented as follows China, India, Japan,
ASEAN Countries, Australia New Zealand, South
Korea and Rest of Asia Pacific. In 2021, the
dominant share of market was held by China with a
share of xx. This was followed by India, Japan,
ASEAN Countries, Australia New Zealand, South
Korea and Rest of Asia Pacific which held a share
of xx, xx, xx, xx, xx and xx, respectively.
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