Cyber Security Market worth $155.74 Billion by 2019
DALLAS, April 8, 2014
DALLAS, April 8, 2014 /PRNewswire/ --
The report "Cyber Security Market (IAM, Encryption, DLP, Risk and Compliance
Management, IDS/IPS, UTM, Firewall, Antivirus/Antimalware, SVM/SIEM, Disaster
Recovery, DDoS Mitigation, Web Filtering, Security Services) - Global
Advancements, Forecasts & Analysis (2014-2019)", defines and segments the
global Cyber Security Market into various sub-segments with in-depth analysis
and forecast of revenues. It also identifies drivers and restraints for this
market with insights into trends, opportunities, and challenges.
Browse 81 market data Tablesand 8 figures spread through 229 Pages and
in-depth TOC on "Cyber Security Market".
Early buyers will receive 10% customization on this report.
The major forces driving this market are the rapid adoption of cloud-based
services, wireless communication along with strict government mandates and
increasing cyber crimes in public utilities industries. Hence, the
ratification for cyber security solutions is increasing to combat the advanced
and sophisticated threats created by professional adversaries. Also, cloud
service providers and verticals such as energy, oil and gas, and education are
expected to adopt solutions for cyber security more readily because of growing
cyber crimes which may cause the loss of intellectual and financial assets and
may tarnish the national infrastructure and economy.
MarketsandMarkets has segmented the Cyber Security Market by types: network
security, endpoint security, application security, content security, wireless
security, and cloud security; by solutions: identity and access management,
risk and compliance management, encryption, data loss protection, unified
threat management, firewall, antivirus and anti-malware, IDS/IPS, SIEM,
disaster recovery, DDoS mitigation, white listing, and others; by services:
consulting, design and integration, risk and threat assessment, managed
security services, and training and education; by verticals: aerospace,
defense and intelligence, government (excluding defense) and public utilities,
BFSI, telecommunication, healthcare, IT consulting, retail, manufacturing, and
others; and by regions: North America (NA), Asia Pacific (APAC), Europe (EU),
Middle East and Africa (MEA), and Latin America (LA). The report also provides
insights into the opportunity analysis of specific end users and business case
analysis and roadmaps for the Cyber Security Market.
Solution providers such as Cisco, CSC, IBM, Booz Allen Hamilton, Lockheed
Martin, Northrop Grumman, Symantec, Sophos, McAfee, Trend Micro and many
others are expected to provide innovative cyber solutions at competitive
prices by unifying the portfolios against bundled attacks.
The Cyber Security Market is estimated to grow from $95.60 billion in 2014 to
$155.74 billion by 2019, at a Compound Annual Growth Rate (CAGR) of 10.3% from
2014 to 2019. In the current scenario, aerospace, defense, and intelligence
vertical continues to be the largest contributor to cyber security solutions.
In terms of regions, NA is expected to be the biggest market in terms of
revenue contribution, while the APAC and MEA regions are expected to
experience increased market traction in due course.
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