Cyber Security Market is Estimated to Grow at a CAGR of 13.5% Over the Forecast Years (2019 – 2027), Owing to the Growing Need to Enhance the Network Security Landscape: says Absolute Markets Insights.

Network security is a widely adopted cyber security system, which is designed to protect the integrity and usability of a network and its belonging data. This type of security manages access to the network wherein a range of potential threats are targeted and are prevented from spreading or entering the network. Network security has gained significant importance owing to the extensive use of the internet. Vast amount of personal, commercial and government information is exchanged through the internet on global networking infrastructures. Between the years 2016 and 2017, the United States witnessed approximately 1,579 reported data breaches, which was a 44% increase from the previous year. These concerning statistics make the importance of network security for private businesses and government organizations all the more pressing.

As network security issues are growing exponentially, network administrators are focused on integrating new technologies and components into the system. Network security is widely applicable to a variety of cyber threats. It primarily provides security services such as access control, application security, behavioral analytics, data loss prevention, email security and firewalls amongst other services. For instance, Cisco offers an extensive range of network security solutions which includes intrusion prevention, mobile device security, network segmentation, web and wireless security. These varied applications of network security have majorly propelled the growth of the cyber security market in the past and are expected to continue to do so in the coming years.

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“By the year 2020, the use of passwords and tokens in the cyber security market is expected to drop by 55%, due to the widespread adoption of identification technologies such as biometrics and 3D facial recognition. This phenomenon is likely to impact network security and make the system more secure and reliable for end users.”

This research study aims at providing the reader with quantitative and qualitative analysis of the global cyber security market. The market has been analyzed from demand as well as supply side. The demand side analysis covers market revenue across regions and further, across all the major countries. The supply side analysis covers the prominent players and their regional and global presence and key business strategies. The geographical analysis done emphasizes on each of the major countries across North America, Europe, Asia Pacific, Middle East, Africa, and Latin America.

The primary market participants in cyber security market include Accenture, Alert Logic, Inc., Armor Defense Inc., AT&T, Atos SE, Barracuda Networks, Inc., Booz Allen Hamilton Inc., Capgemini, CenturyLink, DXC Technology Company, GeekTek IT Services Inc., HCL Technologies Limited, IBM Corp., Kraft Technology Group LLC, LAN Infotech, Online Business Systems, Optiv Security Inc., Orange Business Services, SecureWorks, Inc., Sequoia Cyber Solutions, Symantec Corporation, Tata Consultancy Services Limited, TechWerxe, Trustwave Holdings, Inc., Verizon and Wipro Limited amongst several others.

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Cyber Security Market:

By Deployment

  • On-Premise
  • Cloud-based

By Organization Size

  • Small and Medium Enterprise
  • Large Enterprise

By Application

  • Network Security
  • Application Security
  • End Point Security
  • Cloud Security
  • Others (Mobile Security, Data Security, etc.)

By Solution Type

  • Identity and Access Management (IAM)
  • Risk and Compliance Management
  • Encryption Data Loss Prevention
  • Unified Threat Management
  • Firewall
  • Others (Web Filtering, Intrusion Detection System etc.)

By Service Type

  • Professional Service
  • Managed Service

By Vertical

  • BFSI (Banking, Financial Services and Insurance)
  • Government
  • IT and Telecom
  • Aerospace and Defense
  • Others (Education, Retail, etc.)

By Geography

North America

  • U.S.
  • Canada
  • Mexico
  • Rest of North America

Europe

  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Nordic Countries
  • Denmark
  • Finland
  • Iceland
  • Sweden
  • Norway
  • Benelux Union
  • Belgium
  • The Netherlands
  • Luxembourg
  • Rest of Europe

Asia Pacific

  • China
  • Japan
  • India
  • New Zealand
  • Australia
  • South Korea
  • Southeast Asia
  • Indonesia
  • Thailand
  • Malaysia
  • Singapore
  • Rest of Southeast Asia
  • Rest of Asia Pacific

Middle East and Africa

  • Saudi Arabia
  • UAE
  • Egypt
  • Kuwait
  • South Africa
  • Rest of Middle East & Africa

Latin America

  • Brazil
  • Argentina
  • Rest of Latin America

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