Cyber Security Market Segmented by Material, Type, Application, and Geography - Growth, Trends and Forecast 2021

Cyber Security Market Outlook 2021:
Market Trends, Segmentation, Market
Growth And Competitive Landscape
“Adoption of the machine learning, artificial
intelligence (AI) and various communication
techniques such as instant messaging applications to
provide protection against potential cyber-attacks
and data breaches, are on the rise. These factors are
responsible for the growth of the artificial
intelligence-based cybersecurity market, in recent
years.”
The Global Cyber Security Market is subject to witness a substantial growth due to the increasing focus towards
prevention of information in the wake of high profile data thefts and breaches. Adoption of the machine learning,
artificial intelligence (AI) and various communication techniques such as instant messaging applications to provide
protection against potential cyber-attacks and data breaches, are on the rise. These factors are responsible for the
growth of the artificial intelligence-based cybersecurity market, in recent years.
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Globally, the cyber security market is predicted to grow at CAGR of 12.88% over the forecast period, providing
numerous opportunities for market players to invest in research and development of the cyber security market.
Additionally, increasing adoption of various cloud-based services such as authentication techniques, video
management, biometric information storage, and big data computing by number of organizations are driving demand
for the advanced cybersecurity systems. The highly advanced cybersecurity systems offer flexibility and scalability,
which are vital in several industries and firms such as the financial industry that allows storing of critical information
on the cloud storage securely.
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Growing focus towards adoption of the cloud-data security services to ensure security and protection from potential
threats are expected to drive market growth, in recent years. Furthermore, rise in the adoption of cloud-based services
by small and medium-sized enterprises is anticipated to drive the expansion of cyber security market over the forecast
period. With recent technological advancement in the cloud technology, is leading to integration of various cloudbased
application in number of business processes.
Additionally, shifting trends towards adoption of latest technologies including cloud computing, and next-generation
mobile computing for private enterprises are permanently changing the way an organization uses information
technology for distributing an information and piloting e-commerce, thus propelling market growth in the recent years.
Currently, as many as total of eighty percent commercial transactions are conducted online that holds a highest quality
of safety for financial transactions.
Rise in the number of incidences related to data breaches and cyber-attacks are driving enterprises to adopt latest
security solution to safeguard vital organizational information. Numerous governmental initiatives to promote
adoption of cyber security are forcing small and medium-sized enterprises (SMEs) to embed advanced cybersecurity
solutions in their business processes, as SMEs are more susceptible towards cyberattacks in comparison with largescale
organizations. Such factors are contributing to the high deployment rate of security solutions and services in the
market, thus escalating growth of the cyber security market, in upcoming years.
The IoT technology is gaining wide popularity in recent times, as it simplifies execution of complex tasks, thus providing
necessary convenience and simplifying life for millions of people. The IoT technology utilizes large number of
connected devices, which are directly linked with cloud server to offer real time data to the user. However, this may
lead to cyberattacks and data breaches due to lack of security. Increasing concerns related to cyber threats are key
drivers responsible for rising demand of the advanced cyber security solutions in numerous IoT applications.
The market is divided by region as North America, Europe, Asia-Pacific, Latin America and Africa. North America has
shown major growth in recent years owing to the rise in the implementation of latest technologies to prevent data
breaches and existence of well-established cloud infrastructure in the region.

Asia-Pacific region is predicted to hold major market share with massive growth in forecast period. Countries such as
India, China and Japan are leading the Asia-Pacific market with strong economic growth, increasing number of small
and medium-sized enterprises (SMEs), favorable government laws and regulations, and significant investment by
leading industry players considering potential growth opportunities in the region. The key players in the cyber security
market are Symantec Co., Cisco Systems Inc., Checkpoint Software Technologies Ltd., Fortinet Inc., Samsung, Xilinx,
Inc., Amazon, Inc., Kaspersky Lab, and Trend Micro, Inc.,
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Market Segment:
The market is divided into the following segments based on geography:
• North America
• Europe
• APAC
• Latin America
• MEA
Global Cyber Security Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from
industry experts. The report covers the market landscape and its growth prospects over the coming years. The report
also includes a discussion of the key vendors operating in this market.
Key vendors
• Booz Allen Hamilton
• Lockheed Martin
• McAfee
• Symantec
• Trend Micro

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