Cybersecurity Market, By Therapy Competitive Landscape, Research Methodology, Business Opportunities, Statistics and Ind

Global Cyber Security Market Forecast to 2032

The latest market research report from Emergen Research focuses on the global Cybersecurity market and provides in-depth analysis of each of its major segments. Global Cybersecurity market reports provide a comprehensive overview of the market, including market size, revenue growth rate, industry statistics, revenue shares among regional markets, gross profits, production costs, and product portfolios. The report also highlights the most important factors influencing industry revenue growth, such as drivers, opportunities, trends, restraints, challenges, demand and supply ratios, production and consumption patterns, stringent regulatory frameworks, and a slew of other micro- and macro-economic factors.

According to the most recent analysis by Emergen Research, the size of the worldwide cybersecurity market reached USD 203.8 billion in 2022 and is projected to grow at a revenue CAGR of 12.2% over the forecast period. The proliferation of new cyberattack tools and the quick uptake of Cybersecurity Mesh Architecture (CSMA) by businesses are the two main reasons propelling market revenue development.

The goal of CSMA is to increase the composability and scalability of security by modularizing security services and enabling communication between them via a number of supporting layers. Because CSMA makes security more cohesive and collaborative, a business can achieve higher security with fewer resources. Over the course of the projected period, these variables are anticipated to fuel market revenue growth.

By providing a framework that is scalable, interoperable, and composable, CSMA hopes to improve interoperability between various security systems and policies. The CSMA's basic layers define the core security goals and functions that various security solutions can cooperate to achieve. This is anticipated to fuel the market's revenue growth.

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Competitive Terrain:

The global Cyber Security industry is highly consolidated owing to the presence of renowned companies operating across several international and local segments of the market. These players dominate the industry in terms of their strong geographical reach and a large number of production facilities. The companies are intensely competitive against one another and excel in their individual technological capabilities, as well as product development, innovation, and product pricing strategies.

The leading market contenders listed in the report are:

IBM Corporation, Cisco Systems, Juniper Networks, CyberArk, Forcepoint, McAfee, Microsoft, F5 Networks, Oracle, and Fortinet

Research Report on the Cyber Security Market Addresses the Following Key Questions:

Who are the dominant players of the Cyber Security market?
Which regional market is anticipated to have a high growth rate over the projected period?
What consumer trends and demands are expected to influence the operations of the market players in the Cyber Security market?
What are the key growth drivers and restraining factors of the Cyber Security market?
What are the expansion plans and strategic investment plans undertaken by the players to gain a robust footing in the market?
What is the overall impact of the COVID-19 pandemic on the Cyber Security market and its key segments?

Market Overview:

The report bifurcates the Cyber Security market on the basis of different product types, applications, end-user industries, and key regions of the world where the market has already established its presence. The report accurately offers insights into the supply-demand ratio and production and consumption volume of each segment.

Segments Covered in this report are:

Component Outlook (Revenue, USD Billion; 2019–2032)

Hardware
Software

Solution Outlook (Revenue, USD Billion; 2019–2032)

Threat Intelligence

Identity and Access Management
Security and Vulnerability Management
Risk and Compliance Management
Others (Others include threat intelligence platforms, SIEM, and incident forensics)

Encryption
Data Loss Prevention

Network DLP
Storage/ Data Center DLP
Endpoint DLP

Unified Threat Management
Firewall
Antivirus/ Antimalware
Intrusion Detection Systems/ Intrusion Prevention Systems

Network-based
Host-based
Wireless

Disaster Recovery
Distributed Denial of Service
Web Filtering
Others (Other solutions include application whitelisting and patch management)

Services Outlook (Revenue, USD Billion; 2019–2032)

Professional Services

Design and Integration
Risk and Threat Assessment
Consulting
Training and Education
Support and Maintenance

Managed Security Services

Regional Landscape section of the Cyber Security report offers deeper insights into the regulatory framework, current and emerging market trends, production and consumption patterns, supply and demand dynamics, import/export, and presence of major players in each region.

The various regions analyzed in the report include:

North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

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Some Key Highlights From the Report

The service segment accounted for a significant revenue share in the global cybersecurity market in 2022. This can be attributed to rapid increase in threats of cyber-attack across the globe. Major Information Technology (IT) companies are providing various security services in order to provide protection to cyber infrastructure of end-user companies to meet rising demand. This is driving revenue growth of the segment.
The infrastructure protection segment accounted for largest revenue share in 2022. The modern business environment is becoming more digital, along with increasing number of targeted cyberattacks on vital infrastructure and IT systems. Implementing infrastructure security enables businesses to foresee, respond to, and guard against a wide range of threats as well as major incidents impacting critical infrastructure environments.
The Identity and Access Management (IAM) segment is expected to account for largest revenue share over the forecast period, which can be attributed to increasing usage of IAM solutions by IT and security organizations to manage user identities and restrict access to corporate resources.
The Defense government segment is expected to account for largest revenue share over the forecast period. This can be attribute to increasing number of cyber-attacks aimed at government agencies and public organizations, which has led to rising demand for cybersecurity solutions.
The market in North America is expected to register largest revenue share over the forecast period. Conducive government policies such as Infrastructure Investment and Jobs Act in order to drive investment and strengthen cybersecurity and protect sensitive data.
On 19 December 2022, CrowdStrike expanded its Falcon platform with an addition of an External Attack Surface Management (EASM) module. The service uses a proprietary engine to continuously search the internet to find customers' known and unknown exposed assets, flags and prioritizes the risks, and provides automated remediation step suggestions through the optimizer services.

The section on the competitive landscape offers valuable and actionable insights related to the business sphere of the Cyber Security market, covering extensive profiling of the key market players. The report offers information about market share, product portfolio, pricing analysis, and strategic alliances such as mergers and acquisitions, joint ventures, collaborations, partnerships, product launches and brand promotions, among others. The report also discusses the initiatives taken by the key companies to combat the impact of the COVID-19 pandemic.

Key Points of the Geographical Analysis:

Data and information related to the consumption rate in each region
Estimated increase in the consumption rate
Proposed growth of the market share of each region
Geographical contribution to market revenue
Expected growth rate of the regional markets

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