Global Cyber Security Market, 2015 – 2021

Published By: Zion Market Research
Cyber Security Market is expected to reach
US$181.77 Billion by the end of 2021
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Cyber Security Market
Zion Market Research has published a new report titled “Cyber Security Market (Network
Security, Cloud Security, Wireless Security, and Others), By Solution (Identity and
Access Management (IAM), Encryption, Risk and Compliance Management, Data Loss
Prevention, Antivirus And Antimalware, Firewall And Others), By Vertical (Aerospace,
Government, Financial Services, Telecommunication, Healthcare And Others): Global
Industry Perspective, Comprehensive Analysis, Size, Share, Growth, Segment, Trends
and Forecast, 2015 – 2021”. According to the report, global cyber security market was
valued at USD 105.45 billion in 2015, is expected to reach USD 181.77 billion in 2021 and is
anticipated to grow at a CAGR of 9.5% between 2016 and 2021.
Internet security or cyber security is a branch of computer security specifically related to
internet. Internet has given rise to new opportunities almost in every field such as business,
sports, education or entertainment and many others. However, internet has its own drawbacks
like cyber crime, where the computer used for various types of thefts and crime. Various types
of cyber crimes include hacking, software piracy, denial of service attack, and cyber terrorism.
Purpose of cyber security is to establish rules and measures to use against cyber crimes over
the internet.

Cyber Security Market
Cyber security referred to the processes and technologies designed to safeguard, computers and
data from cyber crime. Governments, military, financial organizations, hospitals and several
other industries gather and store or transmits large amount of confidential data on computers.
In order to protect this information or data cyber security becomes essential.
The cyber security market has shown exponential growth in past few years. The major driving
factor for the global cyber security market is increasing stringency of government regulations
and growing cyber threats. Demand for integrated cyber solutions is another key factor
anticipated to drive the market growth in the years to come. Furthermore, rising severity of
cyber-crimes, popularity of cloud security, rapid adoption of cloud computing, data center and
wireless communication are expected to boost the cyber security market in the near future.
However, lack of effective defense major is expected to hamper the market growth. Growing
demand for cyber security products and services is expected to open up new growth
opportunities in forecast period.
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Cyber Security Market
Based on security types, the global cyber security market is segmented into network security,
cloud security, wireless security and others. Among all, network security was the leading type
segment of global cyber security market. It accounted more than 40% shares of the overall
market in 2015. On the basis of solution cyber security market is classified into identity and
access management (IAM), encryption, risk and compliance management, data loss prevention,
antivirus and antimalware, firewall and others. Based on vertical of cyber security, the market is
segmented into categories such as aerospace, government, financial services,
telecommunication, healthcare and others.
North America was the largest market for cyber security in the world due to the stringency of
government regulations and growing cyber threats. North America has established cyber market
with wide implementation in diverse organizations. North America and Europe both are tending
towards maturation phase in cyber security market owing to technological development and
high awareness among population. Moreover, cyber security market has huge opportunity in the
emerging markets of Asia Pacific due to increasing demand for cyber security solutions and
products.
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Cyber Security Market
The key players active in this market are Symantec, IBM, McAfee, Northrop Grumman, Booz
Allen Hamilton, CSC and among others. Players in cyber security market are expected to
develop more advanced and user-friendly solutions to combat continuously against evolving
cyber threats.
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Tel: +1-386-310-3803 GMT
+49-322 210 92714 Tel: +1-855-465-4651 (US/CAN TOLL FREE)
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