A new Report by Delvens, titled "Cybersecurity Market” offers a comprehensive analysis of the industry, which comprises insights on the Global analysis. The report also includes competitor and regional analysis, and contemporary advancements in the market.
The global cyber security market size was valued at USD 167.13 billion in 2020 and is expected to register a CAGR of 10.9% to 2028.
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Cybersecurity solutions help organizations monitor, detect, report, and counter cyber threats to maintain data confidentiality. The adoption of cybersecurity solutions is expected to grow with the increasing internet penetration among developing and developed countries. The need for security solutions has been marked highly by the private financial and banking services sectors and the healthcare and aerospace defence sectors.
Rapidly increasing cybersecurity incidents and regulations requiring their reporting and The adoption of M2M/IoT connections demands strengthened cybersecurity in enterprises are some of the factors that have supported long-term expansion for Cybersecurity Market.
Regional Analysis
Asia-Pacific is expected to have the highest market growth for cybersecurity solutions over the forecast period. The strong presence of several market incumbents, coupled with recent security threats in the region, is expected to accelerate these solutions further.
Key Players of Cybersecurity Market
· Broadcom (Symantec CorporationCorp.)
· Check Point Software Technology Ltd.
· Cisco Systems, Inc.
· IBM; McAfee, LLC
· Palo Alto Networks, Inc.
· Trend Micro, Incorporated Inc. and More
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Recent Developments
In October 2020, IBM Security announced new and upcoming capabilities for Cloud Pak for Security, that includes a data security solution that enables companies to detect, respond, and protect from threats to their most sensitive data across hybrid cloud environments.
In February 2020, Oracle and Microsoft expanded their cloud collaboration with a new cloud interconnect location in Amsterdam, Netherlands. The new interconnect location would enable these businesses to share data across applications running in Microsoft Azure and Oracle Cloud.
Cybersecurity Market is segmented into product type, deployment, end user and region.
On the basis of Product Type
· Security and Vulnerability Management
· DDoS Mitigation
· Next Generation Firewall
· IDS/IPS
· Security Information and Event Management
On the basis of Deployment
· On cloud
· On-premise
On the basis of Region
· Asia Pacific
· North America
· Europe
· South America
· Middle East & Africa
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In addition to the market data for Cybersecurity Market, Delvens offers client-centric report and customized according to the company’s specific demand and requirement.
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