Global Cyber Security Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027

MarketResearch.biz delivers in-depth insights on the global cyber security market in its upcoming report titled, “Global Cyber Security Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027”. The global cyber security market is estimated to register a CAGR of X.X% in terms of value during forecast period 2018–2027. The report offers in-depth insights, revenue details, and other vital information regarding the global cyber security market, and the various trends, drivers, restraints, opportunities, and threats in the target market till 2027. The report offers insightful and detailed information regarding the various key players operating in the global cyber security market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global cyber security market report has been segmented on the basis of component, deployment type, industry vertical, and region.

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Cyber security is designed to ensure integrity and to protect networks, computer programs, and data from unauthorized access or breaches. Various sectors use cloud services to collect and store confidential data and information, which is transferred across networks. Cyber security software plays a crucial role in protecting data from threats of cyber-attacks, viruses, and hacking etc. and is being increasingly adopted to ensure safe computer interconnectivity across various sectors and industries globally.

Primary drivers of this market are increasing cyber threats, increasing number of data centers, and stringent government regulations on data privacy. Increasing adoption of cloud services for data communication in various sectors is further driving growth of the global cyber security market. Implementation of IoT and bring your own device (BYOD) trend has connected a large number of applications and devices over the Internet, and hence protection of these devices is vital, which are major factors fueling demand for cyber security globally.

Availability of pirated security software is hampering growth of the global cyber security market. In addition, deployment cost could be a concern for small and medium sized enterprises. Increasing cyber threats and attacks is resulting in various enterprises, start-ups, and governments increasing their spending towards cyber security solutions and services.

North America has witnessed rapid growth during the past five years and is projected to grow significantly in terms of revenue during the forecast period. This growth is attributed to increasing cyber-attacks in countries in the region and increasing adoption of Internet of Things and cloud services. However, the market in Asia Pacific is expected to exhibit high growth in terms of revenue generation during the forecast period.

Global Cyber Security Market Segmentation:

Global cyber security market segmentation by component:

• Security
• Service

Global cyber security market segmentation by deployment mode:

• Cloud
• On-premises

Global cyber security market segmentation by industry vertical:

• Aerospace and defense
• Government
• Banking, financial services, and insurance (BFSI)
• IT and Telecom
• Healthcare
• Manufacturing
• Others (education, media and entertainment, and automotive)

Global cyber security market segmentation by region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa