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The large enterprises accounted for over 60% cyber security market share. The increasing risk of cyber-attacks is driving the adoption of cyber security solutions among large enterprises. In 2017, the large organizations lost an average of over USD 10 million due to cyber security breaches. The average cost of cyber-attacks rose by 11% in 2017. This has encouraged large enterprises to adopt security solutions to mitigate the risk of cyber-attacks.The government cyber security market size is expected to grow at a CAGR of over 15% over the forecast time period. The loss of critical data and the erosion of trust in government officials have encouraged public sector agencies to deploy cyber security solutions to safeguard its network architecture.
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The IAAM cyber security market will grow at a CAGR of over 17% over the forecast timespan. The increasing spending by large enterprises and government organizations is driving the growth of the market. Additionally, the emergence of stringent regulatory compliances due to security concerns is expected to increase, impacting positively on market growth.
The network security market is also projected to grow at a CAGR of over 15% over the forecast time period. The rising penetration of integrated security solutions & IP traffic is fueling its adoption network security solutions.
The transportation cyber security market size is anticipated to grow at a CAGR of over 15% over the projected timespan. The use of the Industrial Internet of Things (IIoT), smart logistics, and several modernization initiatives will provide a broader surface for cybercriminals to penetrate the company network. This has promoted the use of cyber security solutions in the transportation and logistics industry.
The banking industry is predicted to grow at a CAGR of over 16% over the forecast timespan. The introduction of various stringent regulatory policies that mandate financial establishments to deploy security solutions has influenced the cyber security market.
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The North America region is leading the cyber security market with over 40% share in 2017. The increasing investments and acquisition of cyber security start-ups by major players in the region are adding to market growth.
The European region accounted for over 20% market share of the market in 2017. The rising public-private partnerships and government investments are driving the market in the region. The government has also enforced various regulations, enforcing business establishments of all sizes to use cyber security solutions.
Some of the players operating in the cyber security market are BAE Systems, CyberArk Software Ltd., Microsoft Corporation, Splunk, Inc., RSA Security, LLC., Oracle Corporation, Palo Alto Networks, Inc., Symantec Corporation., F5networks, Inc., Check Point Software Technologies Inc., Hewlett-Packard, Ltd., F-Secure Corporation, FireEye, Inc., Fortinet, Inc., IBM Corporation, Rapid7, Sophos Group plc, Intel Corporation, Proofpoint, Inc., McAfee LLC, Cisco Systems, Inc., and Trend Micro, Inc.
Browse key industry insights spread across 450 pages with 654 market data tables & 27 figures & charts from the report, “Cyber Security Market Size By Product Type (Identity, Authentication and Access Management (IAAM) [Access Management, Identify Access Management], Infrastructure Protection [Endpoint Protection, Email/Web Gateway, Security Information and Event Management (SIEM), Vulnerability Management, Cloud Security, Data Loss Prevention (DLP)], Network Security [Internet Service Provider Equipment, Virtual Private Network (VPN), Unified Threat Management (UTM), Firewall], Security Services [Implementation, Managed Security Services, Consultancy & Training, Hardware Support] ), By Organization (SME, Government, Large Enterprises), By Industry (Banking, Government, Manufacturing, Transportation, IT & Telecom, Insurance, Securities), Industry Analysis Report, Regional Outlook (U.S., Canada, UK, Germany, France, Italy, Spain, Norway, Ireland, Sweden, Netherlands, Australia & New Zealand (ANZ), China, India, Japan, South Korea, Philippines, Thailand, Singapore, Malaysia, Brazil, Mexico, Columbia, Argentina, Peru, UAE, Saudi Arabia, South Africa, Nigeria, Kenya, Oman), Growth Potential, Competitive Market Share & Forecast, 2018– 2024” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/cybersecurity-market
Table of Contents (ToC) of the report:
Chapter 4. Competitive Landscape
4.1. Introduction
4.2. Competive analysis of major market players, 2017
4.2.1. Check Point Software
4.2.2. Fortinet
4.2.3. IBM
4.2.4. Intel
4.2.5. McAfee
4.2.6. Palo Alto Networks
4.2.7. Sophos
4.2.8. Symantec
4.2.9. Trend Micro
Browse Full Table of Contents (ToC) @ https://www.gminsights.com/toc/detail/cybersecurity-market
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