Cyber Security Market Analysis - Market Size, Growth, and Forecast
Cyber Security Market Size and Overview
The size of the global cyber security market will increase more than USD 72 billion between 2017-2022, accelerating at a CAGR of nearly 13% during the forecast period. This growth in market size will be primarily driven by the necessary measures needed to counteract the increasing number of cyber crimes that people, businesses, and governments face daily. Growing internet penetration has resulted in most of our devices being connected, exposing us to new vulnerabilities and cyber threats, which we forecast will result in massive growth for the cyber security industry.
Several cyber security end-user industries are expected to witness strong growth in the coming years including automotive, aviation, BFSI, military, and government. Many governments, especially the United States, are witnessing a trend of the growing availability of defense-specific security solutions. Companies such as Lockheed Martin, Boeing, and BAE Systems have all entered the government cyber security space, offering dedicated security solutions to defense organizations for both developed and developing countries. It is forecasted that cyber security industry growth will be even faster in the BFSI sector compared to the government sector. To prevent damage to critical data and infrastructure, BFSI cyber security growth will be augmented by the adoption of IP-based video surveillance solutions.
Cyber Security Market Insights, Statistics, and Forecasts
- North America accounts for approximately 36% of the global cyber security market share, driven by the American market. One of the largest end-users of cyber security is the United States government. The government cyber security market in the US is witnessing strong growth and will post a CAGR of 8% by 2021.
- The global automotive cyber security market is growing rapidly and is set to accelerate at a CAGR of 28% by 2021. With the rise of connected cars, machine learning cyber security systems are increasingly being adopted to deal with real-time threats. The size of the automotive cyber security market will increase USD 49 million between 2016-2021.
- The global military cyber security market is expected to increase more than USD 4 billion in market size by 2023 with 39% of this growth coming from the Americas region. This region accounts for close to half the geographical military cyber security market share as rising adoption of military cybersecurity solutions in the US, Canada, and Brazil will play a significant role in helping the region maintaining its market dominance.
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Cyber Security Market Share and Segmentation
Within our cyber security industry research, we provide deep insights into th market landscape and its segments. Our cyber security market segmentation research offerings include:
- Cyber Security Market by Solution
- Identity and access management market
- Encryption market
- Risk and compliance management market
- Security incident management
- Data loss prevention market
- Antivirus and Antimalware market
- Unified threat management market
- Intrusion prevention system market
- Firewall market
- Web filtering market
- Network security market
- Endpoint security market
- Application Security market
- Cloud Security Market
- Security Virtualization Market
- Cyber Security Hardware Solutions Market
Further, our market research reports on the cyber security market classify the market space based on the type of security:
- Application security market
- Antivirus programs market
- Encryption programs market
- Firewalls market
- Critical infrastructure security market
- Cyber security market for transport systems
- Cyber security market for traffic signal systems
- Cyber security market for manufacturing sector
- Asset management cyber security market
- Access control market
- Data security market
- Information Protection
- Information protection, processes, and procedures market
- Response planning market
- Detection planning market
- Recovery planning market
- Electricity grid cyber security market
- Water and wastewater cyber security market
- Cyber security market for hydroelectric power plant
- Cyber security market for agricultural water system
- Cyber security market for transport systems
- Cloud security market
- Cyber security market for IaaS
- Cyber security market for PaaS
- Cyber security market for SaaS
- Cyber security market for FaaS
- Network security market
- Access control market
- Antimalware software market
- Data loss prevention (DLP) market
- Intrusion prevention systems market
- Wireless security market
- Internet of things (IoT) security market
- Smart energy grid security market
- Home and building automation security market
- Vehicle to vehicle communication security market
- Wearable computing devices security market
We at Technavio, with our comprehensive understanding of the cyber security market, have been monitoring the latest industry trends and developments to create an in-depth portfolio of market research reports. These reports help our clients identify opportunities within the market and develop effective strategies to optimize their market positions. Our cyber security market reports offer the following insights:
- Cyber security industry analysis
- Cyber security industry trends
- Cyber security industry statistics
- Cyber security market share
- Cyber security market size
- Cyber security market forecast
- Cyber security market growth
- Cyber security market vendor landscape
