Cyber Security Market Predictable to Witness Dynamic Development by 2028
Cyber Security Market Predictable to Witness Dynamic Development by 2028
Market Size – USD 173.20 Billion in 2020, Market Growth – at a CAGR of 7.6%, Market Trends – Increasing cyber-attacks in BFSI industry

The global cyber security market size is expected to reach USD 311.73 Billion at a steady CAGR of 7.6% in 2028, according to latest analysis by Emergen Research. Steady cyber security market revenue growth is due to increase in the number of data breaches and increasing deployment to the cloud, driven by the digitization shift across various industries, sectors, and verticals. Adoption of cloud-based services in various industries has increased thus driving growth of the cyber security market to a significant extent. Enterprises are increasingly adopting cloud-based services as this is less expensive and does not require an IT infrastructure setup.

This report on cyber security market offers a detailed analysis of the trends along with the prospective growth of the same in the forecasted period. It evaluates the pricing, demand, growth, revenue, size and gross margin of the industry. For this study, the historical data has been collected from the years 2016 and 2017, taking the year 2018 as the base year and drawing a forecast for the years 2020 to 2028. The industry has seen a stable growth recently and its demand is projected to rise rapidly in the future.


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Key Players Profiled in the Report are:

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

Key Questions Answered in the Report:

What is the growth rate of the Cyber Security market? What is the anticipated market valuation of Cyber Security industry by 2027?

What are the key growth driving and restraining factors of the Cyber Security market?

Who are the prominent players operating in the market? What are the key strategies adopted by these companies?

What are the key opportunities and growth prospects of the Cyber Security industry over the forecast period?

Which region is expected to show significant growth in the coming years?

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Emergen Research has segmented the global cyber security market on the basis of component, solution, services, security type, deployment, organization size, end-use, and region:

Component Outlook (Revenue, USD Billion; 2018–2028)

  • Hardware
  • Software

Solution Outlook (Revenue, USD Billion; 2018–2028)

  • Threat Intelligence
    1. Identity and Access Management
    2. Security and Vulnerability Management
    3. Risk and Compliance Management
    4. Others (Others include threat intelligence platforms, SIEM, and incident forensics)
  • Encryption
  • Data Loss Prevention
    1. Network DLP
    2. Storage/ Data Center DLP
    3. Endpoint DLP
  • Unified Threat Management
  • Firewall
  • Antivirus/ Antimalware
  • Intrusion Detection Systems/ Intrusion Prevention Systems
    1. Network-based
    2. Host-based
    3. Wireless
  • Disaster Recovery
  • Distributed Denial of Service
  • Web Filtering
  • Others (Other solutions include application whitelisting and patch management)

Services Outlook (Revenue, USD Billion; 2018–2028)

  • Professional Services
    1. Design and Integration
    2. Risk and Threat Assessment
    3. Consulting
    4. Training and Education
    5. Support and Maintenance
  • Managed Security Services

Security Type Outlook (Revenue, USD Billion; 2018–2028)

  • Application Security
  • Network Security
  • Cloud Security
  • Endpoint Security
  • Others

Deployment Outlook (Revenue, USD Billion; 2018–2028)

  • Cloud
  • On-Premises

Organization Size Outlook (Revenue, USD Billion; 2018–2028)

  • Small and Medium Enterprises
  • Large Enterprises

End-use Outlook (Revenue, USD Billion; 2018–2028)

  • Government and Defense
  • Healthcare
  • BFSI
  • Energy and Utilities
  • Manufacturing
  • IT and Telecom
  • Retail
  • Others

Regional Analysis of the Cyber Security Market:

  • 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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