According to a new research published by Polaris Market Research,
the Cyber Security market is anticipated to reach over USD 269
billion by 2026. In 2017, the enterprise segment dominated the global market,
in terms of revenue. North America is expected to be the leading contributor to
the global market revenue in 2017.
The growing need for
protection of sensitive data, and increasing cyber terrorism has boosted the
adoption of cyber security solutions. The rising penetration of mobile devices,
and increasing trend of BYOD further support the growth of this market.
Additionally, the increasing demand of cyber security solutions from small and
medium enterprises has supported market growth over the years. Increasing
investments by vendors in technological advancements coupled with growing
demand for cloud-based cyber security solutions would accelerate the growth of
the cyber security market. However, However, growing use of pirated cyber
security solutions, and complexities associated with device security hinder
market growth. Growing demand from emerging economies is expected to provide
numerous growth opportunities in the coming years.
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Top Companies Player:
Symantec Corporation, Cisco Systems Inc., BAE Systems Inc., EMC
Corporation, Hewlett-Packard Enterprise, Intel Security, Palo Alto Networks,
Proofpoint Inc., LogRhythm Inc., IBM Corporation, Fortinet, Inc., and Centrify
Corporation among others.
The cases of
cyber-attacks in the healthcare sector have increased significantly over the
years. The high demand for electronic health records in the black market has
resulted in numerous cyber-attacks. The healthcare sector is prone to
cyber-attacks owing to limited budget allocation by healthcare institutions for
cyber security. The healthcare sector is dominated by small practices and rural
hospitals, which lack the resources for investment in cyber security, thereby
increasing risks of cyber-attacks. However, introduction of affordable cyber
security solutions for healthcare sector, increasing awareness, and growing
incidences of cyber-attacks are expected to promote the adoption of cyber
security in this sector.
North America
generated the highest revenue in the market in 2017, and is expected to lead
the global market throughout the forecast period. The increase in number of
cyber-attacks, and growing trend of BYOD drive the market growth in the region.
The growing penetration of mobile devices, and technological advancements
further support market growth in the region. The increasing spending on data
protection in BFSI and defense sectors in the region further promote market
growth in the region. Asia-Pacific is expected to grow at the highest CAGR
during the forecast period owing to growing need for data privacy across
various industries in the developing countries of the region.
The end-users in Cyber
Security market include BFSI, IT & Telecom, healthcare, retail,
defense and government, travel and hospitality, and others. In 2017, the
defense and government segment accounted for the highest market share owing to
increasing need to protect sensitive data and avoid cyber-attacks. The growing
government spending to provide enhanced cyber security to the public sector and
increasing implementation of cyber security installations in the defense
sector, especially in developing countries, supports the market growth in this
sector. The increasing adoption of cloud-based cyber security in this sector is
expected to support market growth in the coming years.
The well-known
companies profiled in the report include These companies launch new products
and collaborate with other market leaders to innovate and launch new products
to meet the increasing needs and requirements of consumers.
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About Polaris Market Research
Polaris Market Research is a global market research and consulting company. The company specializes in providing exceptional market intelligence and in-depth business research services for our clientele spread across different enterprises. We at Polaris are obliged to serve our diverse customer base present across the industries of healthcare, technology, semi-conductors and chemicals among various other industries present around the world. We strive to provide our customers with updated information on innovative technologies, high growth markets, emerging business environments and latest business-centric applications, thereby helping them always to make informed decisions and leverage new opportunities. Adept with a highly competent, experienced and extremely qualified team of experts comprising SMEs, analysts and consultants, we at Polaris endeavor to deliver value-added business solutions to our customers.
Contact us
Mr. Neel
Corporate Sales, USA
Polaris Market Research
Phone: 1-646-568-9980
Email: neel@polarismarketresearch.com
Web: www.polarismarketresearch.com
Polaris Market Research is a global market research and consulting company. The company specializes in providing exceptional market intelligence and in-depth business research services for our clientele spread across different enterprises. We at Polaris are obliged to serve our diverse customer base present across the industries of healthcare, technology, semi-conductors and chemicals among various other industries present around the world. We strive to provide our customers with updated information on innovative technologies, high growth markets, emerging business environments and latest business-centric applications, thereby helping them always to make informed decisions and leverage new opportunities. Adept with a highly competent, experienced and extremely qualified team of experts comprising SMEs, analysts and consultants, we at Polaris endeavor to deliver value-added business solutions to our customers.
Contact us
Mr. Neel
Corporate Sales, USA
Polaris Market Research
Phone: 1-646-568-9980
Email: neel@polarismarketresearch.com
Web: www.polarismarketresearch.com
