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Cybersecurity Market - Industry Dynamics, Market Size, and Opportunity Forecast to 2027

Global Cybersecurity Market- (By Component – Solution and Services; By Security – Network Security, Endpoint Security, Application Security, Cloud Security and Others; By Development – Cloud-Based and On Premise; By Enterprise Size – Small and Medium-Sized Enterprises and Large Enterprises; and By Application – BFSI, Government, Retail, Healthcare, IT and Telecommunication, Manufacturing and Others) – Industry Dynamics, Market Size, and Opportunity Forecast to 2027

  • Published On: 23-Nov-2021  |  Format: pdfpowerpointexcel  |  Report ID: AA1120007
    Delivery: 2 to 4 Hours
INFOGRAPHIC:
Cybersecurity Market

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REPORT SCOPE

Report AttributeDetails
Market Size Value in 2020US$ 149.7 Bn
Expected Revenue in 2027US$ 346.0 Bn
Historic Data2017-2019
Base Year2020
Forecast Period2021-2027
UnitValue (USD Bn)
CAGR13.40% [2021-2027]
Segments coveredBy Component, Security, Deployment, Application, Enterprise Size, and Region. 
Regional ScopeNorth America; Europe; Asia Pacific; Middle East & Africa; South America
Key CompaniesMacAfee, Trend Micro Incorporated, IBM Corporation, Microsoft, and other prominent players.
Customization ScopeGet your customized report as per your preference. Ask for customization

FREQUENTLY ASKED QUESTIONS

Cybersecurity is the process to protect and recover network, computer system, data, and personal information from all types of data theft and cyberattacks.

Increasing inherent and residual risk, driven by worldwide connectivity, spread of cloud services with increasingly modernized cybercriminals can risk the organization with data breach or cybercrime, cybersecurity plays a core role in protecting networks and data from cybercrimes.

In the study conducted by Astute Analytica, the Global Cybersecurity market was valued at US$ 149.7 Bn in 2020.

The report segmented market into following segments: By components (2 sub-segments), by security (5 sub-segments), by development (2 sub-segments), by application (7 sub-segments) and by enterprises size (2 sub-segments).

Global Cybersecurity market experienced a fall in growth rate during 2020 due to rapid shift in priorities of corporates during the time. However, the market is expected to recover by the end of 2021 because companies are being forced to take stronger action amid the increase of cyber attacks during Covid-19.

The key players included in the report are MacAfee, Trend Micro Incorporated, IBM Corporation, Microsoft, BAE Systems, Inc., etc. 

Top players in the global market hold around 41.60% market share.

Network Security, Endpoint Security, Application Security, Cloud Security are some key types of Cybersecurity.

MacAfee, Trend Micro Incorporated, IBM Corporation, Microsoft, BAE Systems, Inc., Check Point Software Technology Ltd., Check Point Software Technology Ltd., F5 Networks, EMC Corporation, FireEye, Inc., Proofpoint Inc., Sophos PLC, Fortinet, Inc., Cisco Systems Inc., Symantec Corporation, Juniper Networks, Palo Alto Networks, Inc., Qualys Inc. are some of the companies that provide cybersecurity across the world.

According to the study conducted by Astute Analytica, the Global Cybersecurity market is estimated to reach US$ 346 Bn by 2027.

In 2020, North America has the highest share in the Global Cybersecurity market. 

Growing demand for cybersecurity mesh, rising number of data breach incidents, rapid technological advancement and Increasing penetration of IoT devices are what drives the Cybersecurity market up.

Cisco is the largest Cybersecurity company, with around 16% of the market share.

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