Global Cyber Security Market Size & Share to Surpass $374.9 Bn by 2028: Vantage Market Research


WASHINGTON, Oct. 12, 2022 (GLOBE NEWSWIRE) -- A Comparative research study carry out by Vantage Market Research is database of 149 pages, titled as “Cyber Security Market” with graphs & figures spread through pages, 105+ market data Tables, Pie Charts, and simple to understand comprehensive analysis. Cyber Security Market research report is delivered with commitment depending upon the reader needs. With the defined historic year and the base year, assessments and calculations are performed in this market report. Market size and share analysis and key trend analysis are the prime accomplishing factors in this market research report. Such report helps to recognize how the market is going to perform over the forecast period by giving information about market definition, applications, segmentation and engagements. VMR team provides Cyber Security industry document with loyalty and devotion that is promising and the way in which expected.         

The global market was valued at USD 217.5 Billion in 2021, and according to Vantage expert analysis, the Cyber Security Market size is expected to reach over USD 374.9 Billion by 2028, exhibiting a CAGR of 9.5% during the forecast period.   

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Key Players in Global Cyber Security Market:

  • IBM (US)
  • Cisco (US)
  • Check Point (Israel)
  • FireEye (US)
  • Trend Micro (Japan)
  • Norton LifeLock (US)
  • Rapid7 (US)
  • Micro Focus (UK)
  • Microsoft (US)
  • Amazon Web Services (US)
  • Oracle (US)
  • Fortinet (US)
  • Palo Alto Networks (US)
  • Accenture (Ireland)
  • McAfee (US)
  • RSA Security (US)
  • Forcepoint (US)
  • Sophos PLC (UK)
  • Imperva (US)
  • Proofpoint (US)
  • Juniper Network (US)
  • Splunk (US)
  • SonicWall (US)
  • CyberArk (US)
  • F-secure (Finland)
  • Qualys (US)
  • F5 (US)
  • Algo Sec (US)
  • Sentinel One (US)
  • Data Visor (US)
  • Rev Bits (US)
  • Wi-Jungle (India)
  • Blu Vector (US)
  • Aristi Labs (India)
  • Securden (US)

Key Highlights from the Report:

  • On the basis of Component, the market is segmented into Hardware, Software and Services. During the forecast period, the Cyber Security services segment is expected to grow at the fastest Compound Annual Growth Rate (CAGR). Because of the increasing adoption of cloud-based services for managing critical enterprise infrastructure, managed services are expected to grow rapidly. The increasing number of new entrants offering cyber-security solutions, as well as growing concerns about data security and privacy, are expected to drive faster growth in the services segment during the forecast period.
  • On the basis of Deployment type, the market is segmented into Cloud and On-Premises. During the forecast period, the cloud segment is expected to have the highest Compound Annual Growth Rate (CAGR). The increase is due to an increase in demand for applications that store and secure data using enhanced security techniques. In addition, market participants are collaborating and partnering to develop advanced cloud-based security solutions. Because of the increased demand for managed security services, the on-premise segment is expected to grow significantly.
  • Asia Pacific is the fastest regional segment in terms of growth. Over the forecast period, the Asia Pacific region is expected to have the highest market growth for Cyber Security solutions. The presence of several market incumbents, combined with recent security threats in the region, is expected to accelerate the development of these solutions even further. India has seen a rapid increase in cybercrime registration, ranking fifth in terms of overall DNS hijacks.

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In case a company’s system is infected, it can lead to data leak, and bankruptcy. Rising damages and threats are facilitating the Market for Cyber Security. Associations are dedicatedly preparing Cyber Security plans for malware to fight and protect against themselves. Cyber-attack is difficult to fight and detect, many different mechanisms for protection must be used. The most prominent protection is the sensitization and training of employees. Growing cases of phishing is also facilitating the market. Phishing mails aren't sometimes addressed at all, these mails are sent to a number of potential victims, and the attempt is to conspire them into logging into a hoax version of common sites.

Scope of the Report:

Report AttributesDetails
Market Size in 2021USD 217.5 Billion
Revenue Forecast by 2028 USD 374.9 Billion
CAGR9.5% from 2022 to 2028
Base Year2021 
Forecast Year2022 to 2028
Key Players• IBM (US)

• Cisco (US)

• Check Point (Israel)

• FireEye (US)

• Trend Micro (Japan)

• Norton LifeLock (US)

• Rapid7 (US)

• Micro Focus (UK)

• Microsoft (US)

• Amazon Web Services (US)

• Oracle (US)

• Fortinet (US)

• Palo Alto Networks (US)

• Accenture (Ireland)

• McAfee (US)

• RSA Security (US)

• Forcepoint (US)

• Sophos PLC (UK)

• Imperva (US)

• Proofpoint (US)

• Juniper Network (US)

• Splunk (US)

• SonicWall (US)

• CyberArk (US)

• F-secure (Finland)

• Qualys (US)

• F5 (US)

• Algo Sec (US)

• Sentinel One (US)

• DataVisor (US)

• Rev Bits (US)

• Wi-Jungle (India)

• Blu Vector (US)

• Aristi Labs (India)

• Securden (US).

Asia Pacific is likely to record a substantial CAGR, Application in various enterprises from different sectors, such as telecom, energy, finance, and technology is set to bolster the demand in Asia Pacific. Generally, these attacks are ubiquitous amongst Southeast Asian countries.

Browse market data Tables and Figures spread through 149 Pages and in-depth TOC on Cyber Security Market Forecast Report (2022-2028).

The Report on the Cyber Security Market highlights:

  • Assessment of the market
  • Premium Insights into Industry
  • In-depth Competitive Landscape
  • COVID Impact Analysis
  • Historical Data, Current Data, and Forecast Data
  • Top and Emerging Company Profiles
  • Global and Regional Dynamics

Important questions answered in this report:

  • What is the estimated market size and growth rate of the Cyber Security Market?
  • Which segments are included in the Cyber Security Market?
  • Which top companies are active in the Cyber Security Market?
  • What are the major driving factors for the growth of the Cyber Security Market?
  • How can I get free sample reports or study of Cyber Security Market?

The Cyber Security Market is segmented as follows:

By Component (Revenue: USD Billion, 2016-2028)

  • Solutions
  • Services

By Solution/Offering (Revenue: USD Billion, 2016-2028)

  • Identity & Access Management
  • Infrastructure Security
  • Governance
  • Risk & Compliance
  • Unified Vulnerability Management Service Offering
  • Data Security & Privacy Service Offering
  • Others

By Deployment Type (Revenue: USD Billion, 2016-2028)

  • Cloud
  • On-premise

By User Type (Revenue: USD Billion, 2016-2028)

  • Large Enterprises
  • Small & Medium Enterprises

By Region

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • U.K.
    • France
    • Germany
    • Italy
    • Spain
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • South East Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Argentina
    • Rest of Latin America
  • Middle East & Africa
    • GCC Countries
    • South Africa
    • Rest of Middle East & Africa

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