Global cybersecurity market size and share will exceed $374.9

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WASHINGTON, Oct. 12, 2022 (GLOBE NEWSWIRE) — A benchmarking research study by Vantage Market Research is a 149-page database, titled “Cybersecurity Market” with charts and figures spread across multiple pages, plus of 105 easy-to-understand market data tables, pie charts and comprehensive analysis. The Cybersecurity market research report comes with engagement based on the needs of the reader. With the historical year defined and the base year, evaluations and calculations are performed in this market report. Market size and share analysis and analysis of key trends are the major success factors of this market research report. Such a report helps in recognizing the performance of the market over the forecast period by providing insights into market definition, applications, segmentation, and engagements. The VMR team provides cybersecurity industry documents with promising loyalty and dedication and in the expected manner.

The global market was valued at USD 217.5 billion in 2021, and according to expert analysis by Vantage, the cybersecurity market size is expected to reach over USD 374.9 billion by 2028, growing at a CAGR of 9 .5% over the forecast period.

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Key Players of Global Cybersecurity Market:

  • IBM (US)
  • Cisco (USA)
  • Checkpoint (Israel)
  • FireEye (USA)
  • Trend Micro (Japan)
  • Norton LifeLock (US)
  • Rapid7 (USA)
  • Micro Focus (UK)
  • Microsoft (US)
  • Amazon Web Services (US)
  • Oracle (US)
  • Fortinet (USA)
  • Palo Alto Networks (USA)
  • Accenture (Ireland)
  • McAfee (US)
  • RSA Security (US)
  • Point of Strength (US)
  • Sophos PLC (UK)
  • Imperva (USA)
  • Proofpoint (USA)
  • Juniper Network (US)
  • Splunk (USA)
  • SonicWall (USA)
  • CyberArk (US)
  • F-secure (Finland)
  • Qualys (USA)
  • F5 (US)
  • Algo Sec (USA)
  • Sentinel 1 (USA)
  • Data Visor (US)
  • Rev Bits (US)
  • Wi-Jungle (India)
  • Blue Vector (USA)
  • Aristi Laboratories (India)
  • Securden (USA)

Main highlights of the report:

  • On the basis of components, the market is segmented into hardware, software, and services. During the forecast period, the cybersecurity services segment is expected to grow at the fastest compound annual growth rate (CAGR). Due to the growing adoption of cloud-based services for managing critical enterprise infrastructure, managed services are expected to grow rapidly. Growing number of new entrants offering cybersecurity solutions, along with rising concerns over data security and privacy, are expected to accelerate the growth of the services segment during the forecast period.
  • On the basis of deployment type, the market is segmented into cloud and on-premises. During the forecast period, the cloud segment is expected to have the highest compound annual growth rate (CAGR). This increase is due to an increase in demand for applications that store and secure data using strong security techniques. Additionally, market players are collaborating and partnering to develop advanced cloud-based security solutions. Due to the growing demand for managed security services, the on-premises segment is expected to witness significant growth.
  • Asia Pacific is the fastest growing regional segment. During the forecast period, the Asia-Pacific region is expected to experience the highest growth in the cybersecurity solutions market. The presence of several incumbents in the market, combined with recent security threats in the region, should further accelerate the development of these solutions. India has seen a rapid rise in cybercrime records, ranking fifth in overall DNS hijackings.

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If a company’s system is infected, it can lead to data leakage and bankruptcy. Increase in damages and threats facilitate the cyber security market. Associations are diligently preparing cybersecurity plans for malware to fight and protect against itself. Cyberattacks are difficult to combat and detect, many different protection mechanisms must be used. The most important safeguard is employee awareness and training. Rising cases of phishing are also making the market easier. Phishing emails are sometimes not addressed at all, these emails are sent to a number of potential victims, and the attempt is to conspire them to log into a hoax version of common sites.

Report Scope:

Report attributes Details
Market size in 2021 $217.5 billion
Revenue forecasts by 2028 $374.9 billion
CAGR 9.5% from 2022 to 2028
base year 2021
forecast year 2022 to 2028
Key players • IBM (USA)

• Cisco (USA)

• Checkpoint (Israel)

• FireEye (USA)

• Trend Micro (Japan)

• Norton LifeLock (USA)

• Rapid7 (USA)

• Micro Focus (UK)

• Microsoft (USA)

• Amazon Web Services (United States)

• Oracle (USA)

• Fortinet (USA)

• Palo Alto networks (United States)

• Accenture (Ireland)

• McAfee (USA)

• RSA Security (US)

• Point of strength (United States)

• Sophos PLC (UK)

• Imperva (USA)

• Proofpoint (USA)

• Juniper Network (USA)

• Splunk (USA)

• SonicWall (USA)

• CyberArk (USA)

• F-secure (Finland)

• Qualys (USA)

• F5 (USA)

• Algo Sec (United States)

• Sentinel 1 (USA)

• DataVisor (USA)

• Rev Bits (USA)

• Wi-Jungle (India)

• Vector Blu (US)

• Aristi Laboratories (India)

• Securden (United States).

Asia-Pacific is expected to register a substantial CAGR. The application in various businesses in different sectors, such as telecommunications, energy, finance and technology, is expected to drive the demand in Asia-Pacific. Generally, these attacks are ubiquitous in Southeast Asian countries.

Browse Market Data Tables & Figures spread over 149 pages and detailed TOC of Cyber ​​Security Market Forecast Report (2022-2028).

Cyber ​​Security Market Report Highlights:

  • Market assessment
  • Premium industry insights
  • In-Depth Competitive Landscape
  • COVID impact analysis
  • Historical data, current data and forecast data
  • Main and Emerging Company Profiles
  • Global and regional dynamics

Important questions answered by this report:

  • What is the estimated market size and growth rate of the Cyber ​​Security market?
  • Which segments are included in the cybersecurity market?
  • Who are the major companies active in the Cybersecurity market?
  • What are the key factors driving the growth of the Cybersecurity market?
  • How can I get free sample reports or cybersecurity market research?

The cybersecurity market is segmented as follows:

By component (Revenue: billions of dollars, 2016-2028)

By Solution/Offer (Revenue: USD Billion, 2016-2028)

  • Identity and access management
  • Infrastructure security
  • Governance
  • Risk and compliance
  • Unified Vulnerability Management Service Offering
  • Data Security and Privacy Services Offering
  • Others

By Deployment Type (Revenue: USD Billion, 2016-2028)

By User Type (Revenue: USD Billion, 2016-2028)

  • Large companies
  • Small and medium enterprises

By region

  • North America
  • Europe
    • UK
    • France
    • Germany
    • Italy
    • Spain
    • The rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • South East Asia
    • Rest of Asia-Pacific
  • Latin America
    • Brazil
    • Argentina
    • Rest of Latin America
  • Middle East and Africa
    • GCC countries
    • South Africa
    • Rest of the Middle East and Africa

Report customization:

The report can be customized according to the client’s needs or requirements. For any questions, you can contact us at sales@vantagemarketresearch.com or +1 (202) 380-9727. Our sales representatives will be happy to understand your needs and provide you with the most suitable reports.

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