DUBLIN--(BUSINESS WIRE)--The "Cybersecurity Market - Growth, Trends, and Forecast (2020 - 2025)" report has been added to ResearchAndMarkets.com's offering.
The cybersecurity market was valued at $161.07 billion in 2019, and it is expected to reach USD 363.05 billion by 2025, registering a CAGR of 14.5% during 2020-2025.
Companies Mentioned
- AVG Technologies NV
- Check Point Software Technologies Ltd
- Cisco Systems Inc.
- Cyber Ark Software Ltd
- Dell Technologies Inc.
- FireEye Inc.
- Fortinet Inc.
- IBM Corporation
- Imperva Inc.
- Intel Security (Intel Corporation)
- Palo Alto Networks Inc.
- ProofPoint Inc.
- Rapid7 Inc.
- Trend Micro Inc.
Key Market Trends
Aerospace and Defense Segment is Expected to Witness Significant Growth
Airplane navigation and guidance systems can be highly susceptible to cyber-attacks, which can have widespread ramifications. Hence, the computers and networks for all the ground and air-borne operations need strong security infrastructure. The increasing adoption of machine-to-machine technologies (M2M) in the aerospace domain and the focus of the governments on cybersecurity to counter cyber terrorism have driven the growth of the cybersecurity market in this sector immensely for the past few years.
- With increasing data breaches in military defense, the United States is laying high emphasis on its military and defense sector and is investing mainly in R&D of new weaponry systems. In October 2018, the US Government Accountability Office (GAO) released a report stating that most of the weapon systems that were under development are found to have mission-critical cyber vulnerabilities. Later that month, the US government signed the law to establish the Cybersecurity and Infrastructure Security Agency (CISA), in order to enhance national defense against cyber-attacks.
- The US Aerospace Industries Association focused on promoting policies that strengthen the aerospace and defense industry. Defense companies, such as BAE Systems PLC, General Dynamics Corporation, and Finmeccanica SpA, are engaged in developing cybersecurity solutions in the defense industry, especially in developing network security solutions and software, preventing cyber-attacks on military software systems, indicating the demand for these solutions in the aerospace and defense sector.
Asia-Pacific is Expected to be the Fastest Growing Market
Asia-Pacific is expected to have highest market growth for cyber security solutions, over the forecast period. The strong presence of several market incumbents, coupled with recent security threats in the region, is expected to drive the adoption of these solutions further.
- India has experienced a rapid increase in cybercrime registration, with the country ranking fifth in terms of the overall DNS hijacks. Also, according to Gemalto, India accounts for 37% of the global breaches in terms of records compromised or stolen. Furthermore, the increasing number of malware and ransomware attacks in the country is a significant factor driving the adoption of cybersecurity solutions. According to the 2019 Internet Security Threat Report by Symantec, the use of malicious PowerScripts increased by 1,000%, and ransomware infections of enterprises increased by 12%, in 2018.
- Moreover, South Korea is becoming one of the prime targets for cyber-attacks, due to the country's increasing number of connected devices, advanced use of mobile devices, and significant intellectual property. In January 2019, according to the National Police Agency report, cybercrimes increased by nearly 14% in Korea in 2018, to reach about 150,000 cases. This drives the use of cybersecurity in this country.
Key Topics Covered:
1 INTRODUCTION
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET INSIGHTS
4.1 Market Overview
4.2 Value Chain Analysis
4.3 Industry Attractiveness - Porter's Five Forces Analysis
4.4 Industry Guidelines and Policies
4.5 Assessment of Impact of COVID-19 on the Industry
5 MARKET DYNAMICS
5.1 Market Drivers
5.1.1 Rapidly Increasing Cybersecurity Incidents and Regulations Requiring its Reporting
5.1.2 Growing M2M/IoT Connections Demanding Strengthened Cybersecurity in Enterprises
5.2 Market Restraints
5.2.1 Lack of Cybersecurity Professionals
5.2.2 High Reliance on Traditional Authentication Methods and Low Preparedness
5.3 Market Opportunities
5.3.1 Rise in the Trends of IoT, BYOD, Artificial Intelligence, and Machine Learning in Cybersecurity
6 MARKET SEGMENTATION
6.1 Product Type
6.2 Deployment
6.2.1 On-cloud
6.2.2 On-premise
6.3 End-user Industry
6.3.1 Aerospace, Defense, and Intelligence
6.3.2 Banking, Financial Services, and Insurance
6.3.3 Healthcare
6.3.4 Manufacturing
6.3.5 Retail
6.3.6 Public Utility
6.3.7 IT and Telecommunication
6.3.8 Other End-user Industries
6.4 Geography
6.4.1 North America
6.4.2 Europe
6.4.3 Asia-Pacific
6.4.4 Latin America
6.4.5 Middle-East and Africa
7 COMPETITIVE LANDSCAPE
7.1 Vendor market Share Analysis
7.2 Company Profiles
8 INVESTMENT ANALYSIS
9 FUTURE OF THE MARKET
For more information about this report visit https://www.researchandmarkets.com/r/mqjw70
