(PharmaNewsWire.Com, August 01, 2019 ) Meticulous Research® – leading global market research company is researching on cybersecurity market titled “Cybersecurity Market by Product (Solutions, Services), End-use Industry (Aerospace and Defense, Government, Banking, Financial Services, and Insurance (BFSI), IT and Telecom, Healthcare, Retail, Manufacturing, Energy and Utilities, Others), Security Type (Network, Content, Endpoint, Application, Cloud security), Organization Size (SMEs, Large Enterprises), and Region - Global Forecast to 2025”.
Increasing Number of Cybercrimes Spur the Demand for Cybersecurity Services
Cybercrime is one of the greatest threats to every company in the world because of the increasing reliance of the people on the internet. Majority of the users are easy target for cybercriminals due to lack of awareness and netiquette. Over the last few years, high profile cases of cyber hacks have increased significantly. For instance, the Anti-Phishing Working Group (APWG) recorded more than 1.2 million cyber-attacks in 2016. Moreover, there were more than 4000 ransomware attacks every day in 2016 (FBI). Therefore, such huge and continuously rising number of cyber-crimes that people, businesses, and governments face on a daily basis are driving the demand for cybersecurity services.
Intrusion Detection System (IDS)/Intrusion Prevention System (IPS)
Others
Services
Professional Services
Design and Implementation
Risk and Threat Assessment
Consulting
Training and Education
Support and Maintenance
Managed Services
Cybersecurity End-Use Industry
Aerospace and Defense
Government
Banking, Financial Services, and Insurance (BFSI)
IT and Telecom
Healthcare
Retail
Manufacturing
Energy and Utilities
Others
Cybersecurity Types
Network Security
Content Security
Endpoint Security
Application Security
Cloud Security
Others
Cybersecurity Segmentation by Organization Size
Small and Medium-sized Enterprises (SMEs)
Large Enterprises
Cybersecurity Segmentation by Geography
North America
U.S.
Canada
Mexico
Europe
U.K.
Germany
France
Rest of Europe
Asia-Pacific
China
Japan
India
South Korea
Australia and New Zealand
Rest of Asia-Pacific
Rest of the World
Latin America
Brazil
Argentina
RoLATAM
Middle East & Africa
Network Security Segment Dominates the Global Cybersecurity Market in 2018
Based on security type, global cybersecurity market is mainly segmented into network security, content security, endpoint security, application security, and cloud security, among others. Owing to rise in the number of security breaches targeting networks where hackers try to gain access to sensitive data, network security is gaining the largest share of the global cybersecurity market in 2018. While, the application security segment is projected to grow at a significant pace in the next few years due to the increasing number of malwares, APTs, and phishing attacks.
BFSI Industry Vertical Dominates the Global Cybersecurity Market in 2018
BSFI commanded the largest share of the global cybersecurity market in 2018. The major share of this segment is mainly attributed to the increase in need for providing sealed security and digital privacy in financial institutions. Moreover, rise in the adoption of smartphones, internet banking, and cloud is further driving the growth of the cybersecurity market in this sector.
North America Dominates the Market, While Asia-Pacific leads the Growth
North America commanded the largest share of the global cybersecurity market in 2018, followed by Europe and Asia-pacific. The major share of this region is mainly attributed to the factors such as the growing need among organizations to reduce the misuse of the internet, improve employees’ productivity, and address attacks on their IT infrastructures. While, Asia-Pacific region is projected to grow at a significant pace in the next few years, mainly due to rapid economic growth and regulatory reforms & economic stability.
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