Cyber Security Market Size Forecast 2020 to 2024 | Industry Top Key Players, Trends, Dynamics, Growth Statistics, Opportunities by Business Plans

Cyber Security

New Research Report on “Cyber Security Market” presents an in-depth analysis of Cyber Security which includes market size, share, growth, and demand forecast until 2024 (in USD billion). The report sheds light on latest market developments and prominent trends of the market. Cyber Security market report includes research methodology, value chain analysis, industry analysis by the power of suppliers and consumers. Cyber Security market report also includes new upcoming technology of Cyber Security Industry that will help our clients.

Cyber Security Market Covers Major Key Players:

Cyber Security Market Covers manufacturers on the basis of market status, production, consumption, and forecast details.

  • IBM Corporation
  • Cisco Systems, Inc.
  • Dell Inc.
  • Root9B LLC
  • Herjavec Group
  • Check Point Software Technologies Ltd
  • Palo Alto Networks
  • Symantec Corp
  • Trend Micro, Inc.
  • Fortinet, Inc.
  • FireEye, Inc.
  • ProofPoint, Inc.
  • Imperva, Inc.
  • CyberArk Software, Ltd
  • AVG Technologies

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    Market Overview:

  • The cyber security market was valued at USD 119.61 billion in 2018, and is expected to reach USD 261.07 billion by 2024, at a CAGR of 14.15% during the forecast period (2019-2024). Cyber security is an integral part of every single organization across the world. The need for security solutions has been marked by private financial and banking services sectors being victims of cyber-attacks worth a couple of billion dollars in the past couple of years. The adoption of cyber security solutions is expected to grow with the increasing penetration of internet among the developing and developed countries. Also, the expanding wireless network for mobile devices has increased data vulnerability, making cyber security an integral part of every single organization across the world.
  • – The key drivers for cyber security market are the increasing government regulations on data privacy, rising cyber threats, and increasing number of data centers, which are the most significant revenue generators for the cyber security market.
  • – The total number of reported cyber security incidents witnessed a steep increase over the past few years, leading to increased emphasis on data security and protection. The formation of hacking groups that deal with ethical and large-frame hacking, causing huge losses, has created a dire need for cyber security in the market.
  • – Factors hindering the growth of the market are lack of awareness and availability of pirated cyber security solutions. Several governments across the globe have gradually warmed up to the need for joint collaborations and initiatives to counter frequent breaches and attacks.

    Scope of the Report:

    Cyber security solutions help an organization to monitor, detect, report, and counter cyber threats to maintain data confidentiality. Cyber security refers to the protection of computer systems from theft or damage to their hardware, software, or electronic data, as well as from disruption or misdirection of the services they provide.

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    Key Market Trends:

    Aerospace and Defense Segment is Expected to Witness a 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 cyber security to counter cyber terrorism has driven the growth of the cyber security market in this sector immensely for the past few years.
    – The Aerospace Industries Association (AIA) has long focused on promoting policies that strengthen the aerospace and defense industry and convening the crucial conversations on these same policies and issues with key stakeholders across the public and private sectors. Therefore, organizations are expected to install robust and critical infrastructure to deal with cyber security issues.
    – Defense companies, such as BAE Systems PLC, General Dynamics Corporation, Finmeccanica S.p.A., are engaged in developing cyber security solutions in the defense industry, especially in developing network security solutions and software, to prevent cyber-attacks on military software systems, proving the increasing demand from the sector.

    North America to Account for the Largest Market Share

    – North America is expected to retain its position as the largest market for cyber security solutions, over the forecast period. The strong presence of several market incumbents, coupled with recent security threats in the region, are expected to drive the adoption of these solutions further.
    – Owing to the increasing cyber incidents in the country, the government is significantly investing in dealing with these cyber attacks. According to the recent annual budget plans of the Trump government, the US government has earmarked more than USD 19 billion for cyber security related initiatives. This was majorly due to the increasing number of cyber attacks in the nation.
    – Also, the National Institute of Cybersecurity Careers and Studies (NICCS) has been playing a proactive role in increasing awareness, by providing training programs to the stakeholders.
    – Furthermore, in terms of private companies, major technological giants, such as Microsoft Corp. and IBM, have been investing heavily on their cyber security R&D initiatives in a bid to keep up with the heterogeneous nature of the cyber threats.

    Cyber Security Market Report contents include:

    • Analysis of the laboratory balance market including revenues, future growth, market outlook
    • Historical data and forecast
    • Regional analysis including growth estimates
    • Analyzes the end user markets including growth estimates.
    • Profiles on laboratory balance including products, sales/revenues, and market position
    • Market structure, market drivers and restraints.

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    Detailed TOC of Cyber Security Market Report 2020-2024:

    1.1 Study Deliverables
    1.2 Study Assumptions
    1.3 Scope of the Study



    4.1 Market Overview
    4.2 Value Chain Analysis
    4.3 Industry Attractiveness – Porter’s Five Forces Analysis
    4.3.1 Bargaining Power of Suppliers
    4.3.2 Bargaining Power of Buyers/Consumers
    4.3.3 Threat of New Entrants
    4.3.4 Threat of Substitute Products
    4.3.5 Intensity of Competitive Rivalry

    5.1 Market Drivers
    5.1.1 Growing M2M/IoT Connections
    5.1.2 Rapidly Increasing Cyber Attacks
    5.2 Market Restraints
    5.2.1 Lack of Cyber Security Professionals
    5.3 Market Opportunities
    5.3.1 Rise In Trend For IOT, BYOD, Artificial Intelligence, And Machine Learning In Cyber Security

    6.1 By Type of Security
    6.1.1 Network Security
    6.1.2 Cloud Security
    6.1.3 Application Security
    6.1.4 End-point Security
    6.1.5 Wireless Network Security
    6.1.6 Other Types of Security
    6.2 By Solution
    6.2.1 Threat Intelligence and Response
    6.2.2 Identity and Access Management
    6.2.3 Data Loss Prevention
    6.2.4 Threat Mitigation
    6.2.5 Security and Vulnerability Management
    6.2.6 Intrusion Prevention System
    6.2.7 Unified Threat Management
    6.2.8 Enterprise Risk and Compliance
    6.2.9 Managed Security
    6.2.10 Professional Services
    6.3 By Deployment
    6.3.1 On-cloud
    6.3.2 On-premise
    6.4 By Industry
    6.4.1 Aerospace, Defense, and Intelligence
    6.4.2 Banking, Financial Services and Insurance
    6.4.3 Healthcare
    6.4.4 Manufacturing
    6.4.5 Retail
    6.4.6 Public Utility
    6.4.7 IT and Telecommunication
    6.4.8 Other Industries
    6.5 Geography
    6.5.1 North America US Canada
    6.5.2 Europe UK Germany France Rest of Europe
    6.5.3 Asia-Pacific China Japan India South Korea Rest of Asia-Pacific
    6.5.4 Latin America Brazil Argentina Mexico Rest of Latin America
    6.5.5 Middle East & Africa UAE Saudi Arabia South Africa Rest of Middle East & Africa

    7.1 Company Profiles
    7.1.1 IBM Corporation
    7.1.2 Cisco Systems, Inc.
    7.1.3 Dell Inc.
    7.1.4 Root9B LLC
    7.1.5 Herjavec Group
    7.1.6 Check Point Software Technologies Ltd
    7.1.7 Palo Alto Networks
    7.1.8 Symantec Corp
    7.1.9 Trend Micro, Inc.
    7.1.10 Fortinet, Inc.
    7.1.11 FireEye, Inc.
    7.1.12 ProofPoint, Inc.
    7.1.13 Imperva, Inc.
    7.1.14 CyberArk Software, Ltd
    7.1.15 AVG Technologies



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