Introduction
The global cyber security market is forecast to reach USD 298.15 billion by 2022, growing at a CAGR of 10.7% during the forecast period (2017-2022). The increase in cyber security spending is driven by the increasing number of cyber-attacks and data breaches globally. North America is expected to dominate the global cyber security market, due to the presence of major players in the region and the increasing awareness about cyber security among enterprises. Asia-Pacific is expected to be the fastest-growing region, due to the increasing number of internet users and the growing digital economy in the region. This blog post will explore the global market for cyber security services, including opportunities and forecasts for 2022-2029.
Market Overview
The global cyber security of security services market is expected to register a CAGR of over 13.4% during the forecast period of 2022 to 2029. The increase in demand for cloud-based solutions and services is the major factor driving the growth of this market.
With the increasing number of cyber-attacks, organizations are now more aware of the need for cyber security solutions and services. The traditional methods of data security are no longer effective against sophisticated attacks. This has resulted in increased adoption of advanced cyber security solutions and services.
The North America region is expected to dominate the global market due to the presence of a large number of key players in this region. The Asia-Pacific region is expected to grow at the highest CAGR during the forecast period, owing to the increasing investments by government and private organizations in this region.
Report Includes
An overview of the global Cyber Security of Security Services market, and related technologies and developments. Analyses of global market trends, with historical data from 2018, 2019, and 2020 estimates and projections of CAGRs through 2027. It also includes breakdowns of the overall Cyber Security of Security Services market along with various segments, and by geographic region. Analysis of the stakeholder value chain in the Cyber Security of Security Services market and comprehensive profiles of leading companies in the industry
Report Scope
The report forecasts the size of the Cyber Security of Security Services market for components from 2022 through 2029
The Executive Summary provides a snapshot of key findings of the report. The introduction chapter includes the research scope, market segmentation, methodology, and definitions and assumptions. It involves extremely rigorous scientific methods, tools and techniques to estimate the market size. Exhaustive secondary research is being carried out to collect information related to the market, the parent market, and the peer market. Primary research is undertaken to validate the assumptions, findings, and sizing with industry experts and professionals across the value chain of the market. Both top-down and bottom-up approaches are employed to estimate the full market size.
The chapter on market dynamics includes market drivers, restraints, and opportunities which helps familiarise with market potential and upcoming opportunities. The chapter on key insights includes emerging trends from major countries, latest technological advancement, regulatory landscape, SWOT analysis, and porters five forces analysis. This chapter provides detailed insights into the market, which derives the market trends, changing phase of investments, scope of profit potential, and helps to take appropriate business decisions. The chapter on competitive analysis includes profiling of leading companies in the global market to map the leading companies and their focus of interest in the market.
After deriving the market size from the market size estimation process, the total market has been split into several segments and sub-segments. To complete the overall market engineering process and arrive at the exact statistics for all segments and sub-segments, the data triangulation and market breakdown procedures is being used. The data triangulation is carried out by studying various factors and trends from demand and supply perspectives.
Segmentation Analysis:
The global cyber security of security services market is segmented on the basis of type, into cloud-based, and on-premises. The cloud-based segment is estimated to grow at the highest CAGR during the forecast period. Cloud-based solutions offer many advantages over on-premises solutions, such as pay-as-you-go pricing, scalability, and flexibility. These advantages are expected to fuel the growth of the cloud-based segment during the forecast period.
The on-premises segment is expected to grow at a moderate pace during the forecast period. On-premises solutions have been in use for a longer time than cloud-based solutions and have a well-established customer base. However, the deployment and maintenance costs of on-premises solutions are higher than those of cloud-based solutions. This is a major factor restraining the growth of the on-premises segment during the forecast period.
The global cyber security of security services market is segmented on the basis of application into small and medium-sized enterprises (SMEs), large enterprises, and government agencies. The small and medium-sized enterprises (SMEs) application segment is projected to grow at the highest CAGR during the forecast period. Cyber security solutions offer protection against online threats, data breaches, and attacks that target enterprise network infrastructure. They also provide protection against malicious code, phishing attacks, advanced persistent threats (APTs), zero-day vulnerabilities, and Denial of Service (DoS) attacks.
The large enterprise application segment includes banks, financial institutions, healthcare organizations, telecommunication service providers, and e-commerce companies. These organizations are increasingly deploying cyber security solutions to protect their sensitive data and systems from sophisticated cyber threats. The government agencies application segment includes defense agencies and civilian agencies. Government agencies are deploying cyber security solutions to protect their critical infrastructure and classified information from cyber attacks.
Security services providers are constantly striving to offer innovative and effective solutions to their clients in order to stay ahead of the curve in the global market. The geographical segmentation of the global cyber security of security services market is a key factor that is being used by these players to target specific regions and countries.
The Americas is one of the major markets for security services due to the presence of a large number of enterprises and government organizations. These organizations are investing heavily in cyber security solutions to protect their critical data and infrastructure from sophisticated cyber attacks. Europe is another important market for security services providers due to the stringent regulations regarding data protection.
The Asia Pacific region is witnessing rapid growth in the demand for security services due to the increasing number of small and medium enterprises (SMEs) in this region. These SMEs are easy targets for cybercriminals as they often lack the resources and expertise to implement effective cybersecurity measures. The Middle East & Africa (MEA) region is also expected to witness significant growth in the demand for security services due to the increasing number of terrorist activities in this region
Global Cyber Security of Security Services market Competitive Analysis:
Key players in the Global Cyber Security of Security Services market are BAE Systems, Inc., Broadcom, Cisco Systems, Inc., Centrify Corporation, Check Point Software Technology Ltd., FireEye, Inc., McAfee, LLC, Fortinet, Inc., IBM, LogRhythm, Inc., Lockheed Martin Corporation, Palo Alto Networks, Inc., Sophos Ltd., Trend Micro Incorporated., Proofpoint.
*All our reports are customizable as per customer requirements
This study forecasts revenue and volume growth at global, regional, and country levels from 2018 to 2029. Global Cyber Security of Security Services market is distributed on the basis of below-mentioned segments:
Global Cyber Security of Security Services Market, By Type:
The global cyber security market is forecast to reach USD 298.15 billion by 2022, growing at a CAGR of 10.7% during the forecast period (2017-2022). The increase in cyber security spending is driven by the increasing number of cyber-attacks and data breaches globally. North America is expected to dominate the global cyber security market, due to the presence of major players in the region and the increasing awareness about cyber security among enterprises. Asia-Pacific is expected to be the fastest-growing region, due to the increasing number of internet users and the growing digital economy in the region. This blog post will explore the global market for cyber security services, including opportunities and forecasts for 2022-2029.
Market Overview
The global cyber security of security services market is expected to register a CAGR of over 13.4% during the forecast period of 2022 to 2029. The increase in demand for cloud-based solutions and services is the major factor driving the growth of this market.
With the increasing number of cyber-attacks, organizations are now more aware of the need for cyber security solutions and services. The traditional methods of data security are no longer effective against sophisticated attacks. This has resulted in increased adoption of advanced cyber security solutions and services.
The North America region is expected to dominate the global market due to the presence of a large number of key players in this region. The Asia-Pacific region is expected to grow at the highest CAGR during the forecast period, owing to the increasing investments by government and private organizations in this region.
Report Includes
An overview of the global Cyber Security of Security Services market, and related technologies and developments. Analyses of global market trends, with historical data from 2018, 2019, and 2020 estimates and projections of CAGRs through 2027. It also includes breakdowns of the overall Cyber Security of Security Services market along with various segments, and by geographic region. Analysis of the stakeholder value chain in the Cyber Security of Security Services market and comprehensive profiles of leading companies in the industry
Report Scope
The report forecasts the size of the Cyber Security of Security Services market for components from 2022 through 2029
The Executive Summary provides a snapshot of key findings of the report. The introduction chapter includes the research scope, market segmentation, methodology, and definitions and assumptions. It involves extremely rigorous scientific methods, tools and techniques to estimate the market size. Exhaustive secondary research is being carried out to collect information related to the market, the parent market, and the peer market. Primary research is undertaken to validate the assumptions, findings, and sizing with industry experts and professionals across the value chain of the market. Both top-down and bottom-up approaches are employed to estimate the full market size.
The chapter on market dynamics includes market drivers, restraints, and opportunities which helps familiarise with market potential and upcoming opportunities. The chapter on key insights includes emerging trends from major countries, latest technological advancement, regulatory landscape, SWOT analysis, and porters five forces analysis. This chapter provides detailed insights into the market, which derives the market trends, changing phase of investments, scope of profit potential, and helps to take appropriate business decisions. The chapter on competitive analysis includes profiling of leading companies in the global market to map the leading companies and their focus of interest in the market.
After deriving the market size from the market size estimation process, the total market has been split into several segments and sub-segments. To complete the overall market engineering process and arrive at the exact statistics for all segments and sub-segments, the data triangulation and market breakdown procedures is being used. The data triangulation is carried out by studying various factors and trends from demand and supply perspectives.
Segmentation Analysis:
The global cyber security of security services market is segmented on the basis of type, into cloud-based, and on-premises. The cloud-based segment is estimated to grow at the highest CAGR during the forecast period. Cloud-based solutions offer many advantages over on-premises solutions, such as pay-as-you-go pricing, scalability, and flexibility. These advantages are expected to fuel the growth of the cloud-based segment during the forecast period.
The on-premises segment is expected to grow at a moderate pace during the forecast period. On-premises solutions have been in use for a longer time than cloud-based solutions and have a well-established customer base. However, the deployment and maintenance costs of on-premises solutions are higher than those of cloud-based solutions. This is a major factor restraining the growth of the on-premises segment during the forecast period.
The global cyber security of security services market is segmented on the basis of application into small and medium-sized enterprises (SMEs), large enterprises, and government agencies. The small and medium-sized enterprises (SMEs) application segment is projected to grow at the highest CAGR during the forecast period. Cyber security solutions offer protection against online threats, data breaches, and attacks that target enterprise network infrastructure. They also provide protection against malicious code, phishing attacks, advanced persistent threats (APTs), zero-day vulnerabilities, and Denial of Service (DoS) attacks.
The large enterprise application segment includes banks, financial institutions, healthcare organizations, telecommunication service providers, and e-commerce companies. These organizations are increasingly deploying cyber security solutions to protect their sensitive data and systems from sophisticated cyber threats. The government agencies application segment includes defense agencies and civilian agencies. Government agencies are deploying cyber security solutions to protect their critical infrastructure and classified information from cyber attacks.
Security services providers are constantly striving to offer innovative and effective solutions to their clients in order to stay ahead of the curve in the global market. The geographical segmentation of the global cyber security of security services market is a key factor that is being used by these players to target specific regions and countries.
The Americas is one of the major markets for security services due to the presence of a large number of enterprises and government organizations. These organizations are investing heavily in cyber security solutions to protect their critical data and infrastructure from sophisticated cyber attacks. Europe is another important market for security services providers due to the stringent regulations regarding data protection.
The Asia Pacific region is witnessing rapid growth in the demand for security services due to the increasing number of small and medium enterprises (SMEs) in this region. These SMEs are easy targets for cybercriminals as they often lack the resources and expertise to implement effective cybersecurity measures. The Middle East & Africa (MEA) region is also expected to witness significant growth in the demand for security services due to the increasing number of terrorist activities in this region
Global Cyber Security of Security Services market Competitive Analysis:
Key players in the Global Cyber Security of Security Services market are BAE Systems, Inc., Broadcom, Cisco Systems, Inc., Centrify Corporation, Check Point Software Technology Ltd., FireEye, Inc., McAfee, LLC, Fortinet, Inc., IBM, LogRhythm, Inc., Lockheed Martin Corporation, Palo Alto Networks, Inc., Sophos Ltd., Trend Micro Incorporated., Proofpoint.
*All our reports are customizable as per customer requirements
This study forecasts revenue and volume growth at global, regional, and country levels from 2018 to 2029. Global Cyber Security of Security Services market is distributed on the basis of below-mentioned segments:
Global Cyber Security of Security Services Market, By Type:
- Consulting Services
- Implementation Services
- Operational Service
- Education and Training
- Government
- Education
- Enterprise
- Financial
- Medical
- Others
- North America
- US
- Canada
- Europe
- UK
- Germany
- France
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- Japan
- China
- India
- Australia
- South Korea
- Rest of Asia-Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East and Africa
- GCC
- South Africa
- Rest of Middle East and Africa
Cyber Security of Security Services MARKET STUDY GLOBAL MARKET ANALYSIS, INSIGHTS AND FORECAST, 2020-2027
1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
2. Executive Summary
3. Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Opportunities
4. Key Insights
- 4.1. Key Emerging Trends – For Major Countries
- 4.2. Latest Technological Advancement
- 4.3. Regulatory Landscape
- 4.4. Industry SWOT Analysis
- 4.5. Porters Five Forces Analysis
5. Global Cyber Security of Security Services Market Analysis (USD Billion), Insights and Forecast, 2016-2027
- 5.1. Key Findings / Summary
- 5.2. Market Analysis, Insights and Forecast – By Segment 1
- 5.2.1. Sub-Segment 1
- 5.2.2. Sub-Segment 2
- 5.3. Market Analysis, Insights and Forecast – By Segment 2
- 5.3.1. Sub-Segment 1
- 5.3.2. Sub-Segment 2
- 5.3.3. Sub-Segment 3
- 5.3.4. Others
- 5.4. Market Analysis, Insights and Forecast – By Segment 3
- 5.4.1. Sub-Segment 1
- 5.4.2. Sub-Segment 2
- 5.4.3. Sub-Segment 3
- 5.4.4. Others
- 5.5. Market Analysis, Insights and Forecast – By Region
- 5.5.1. North America
- 5.5.2. Latin America
- 5.5.3. Europe
- 5.5.4. Asia Pacific
- 5.5.5. Middle East and Africa
6. North America Cyber Security of Security Services Market Analysis (USD Billion), Insights and Forecast, 2016-2027
- 6.1. Key Findings / Summary
- 6.2. Market Analysis, Insights and Forecast – By Segment 1
- 6.2.1. Sub-Segment 1
- 6.2.2. Sub-Segment 2
- 6.3. Market Analysis, Insights and Forecast – By Segment 2
- 6.3.1. Sub-Segment 1
- 6.3.2. Sub-Segment 2
- 6.3.3. Sub-Segment 3
- 6.3.4. Others
- 6.4. Market Analysis, Insights and Forecast – By Segment 3
- 6.4.1. Sub-Segment 1
- 6.4.2. Sub-Segment 2
- 6.4.3. Sub-Segment 3
- 6.4.4. Others
- 6.5. Market Analysis, Insights and Forecast – By Country
- 6.5.1. U.S.
- 6.5.2. Canada
7. Latin America Cyber Security of Security Services Market Analysis (USD Billion), Insights and Forecast, 2016-2027
- 7.1. Key Findings / Summary
- 7.2. Market Analysis, Insights and Forecast – By Segment 1
- 7.2.1. Sub-Segment 1
- 7.2.2. Sub-Segment 2
- 7.3. Market Analysis, Insights and Forecast – By Segment 2
- 7.3.1. Sub-Segment 1
- 7.3.2. Sub-Segment 2
- 7.3.3. Sub-Segment 3
- 7.3.4. Others
- 7.4. Market Analysis, Insights and Forecast – By Segment 3
- 7.4.1. Sub-Segment 1
- 7.4.2. Sub-Segment 2
- 7.4.3. Sub-Segment 3
- 7.4.4. Others
- 7.5. Insights and Forecast – By Country
- 7.5.1. Brazil
- 7.5.2. Mexico
- 7.5.3. Rest of Latin America
8. Europe Cyber Security of Security Services Market Analysis (USD Billion), Insights and Forecast, 2016-2027
- 8.1. Key Findings / Summary
- 8.2. Market Analysis, Insights and Forecast – By Segment 1
- 8.2.1. Sub-Segment 1
- 8.2.2. Sub-Segment 2
- 8.3. Market Analysis, Insights and Forecast – By Segment 2
- 8.3.1. Sub-Segment 1
- 8.3.2. Sub-Segment 2
- 8.3.3. Sub-Segment 3
- 8.3.4. Others
- 8.4. Market Analysis, Insights and Forecast – By Segment 3
- 8.4.1. Sub-Segment 1
- 8.4.2. Sub-Segment 2
- 8.4.3. Sub-Segment 3
- 8.4.4. Others
- 8.5. Market Analysis, Insights and Forecast – By Country
- 8.5.1. UK
- 8.5.2. Germany
- 8.5.3. France
- 8.5.4. Italy
- 8.5.5. Spain
- 8.5.6. Russia
- 8.5.7. Rest of Europe
9. Asia Pacific Cyber Security of Security Services Market Analysis (USD Billion), Insights and Forecast, 2016-2027
- 9.1. Key Findings / Summary
- 9.2. Market Analysis, Insights and Forecast – By Segment 1
- 9.2.1. Sub-Segment 1
- 9.2.2. Sub-Segment 2
- 9.3. Market Analysis, Insights and Forecast – By Segment 2
- 9.3.1. Sub-Segment 1
- 9.3.2. Sub-Segment 2
- 9.3.3. Sub-Segment 3
- 9.3.4. Others
- 9.4. Market Analysis, Insights and Forecast – By Segment 3
- 9.4.1. Sub-Segment 1
- 9.4.2. Sub-Segment 2
- 9.4.3. Sub-Segment 3
- 9.4.4. Others
- 9.5. Market Analysis, Insights and Forecast – By Country
- 9.5.1. China
- 9.5.2. India
- 9.5.3. Japan
- 9.5.4. Australia
- 9.5.5. South East Asia
- 9.5.6. Rest of Asia Pacific
10. Middle East & Africa Cyber Security of Security Services Market Analysis (USD Billion), Insights and Forecast, 2016-2027
- 10.1. Key Findings / Summary
- 10.2. Market Analysis, Insights and Forecast – By Segment 1
- 10.2.1. Sub-Segment 1
- 10.2.2. Sub-Segment 2
- 10.3. Market Analysis, Insights and Forecast – By Segment 2
- 10.3.1. Sub-Segment 1
- 10.3.2. Sub-Segment 2
- 10.3.3. Sub-Segment 3
- 10.3.4. Others
- 10.4. Market Analysis, Insights and Forecast – By Segment 3
- 10.4.1. Sub-Segment 1
- 10.4.2. Sub-Segment 2
- 10.4.3. Sub-Segment 3
- 10.4.4. Others
- 10.5. Market Analysis, Insights and Forecast – By Country
- 10.5.1. GCC
- 10.5.2. South Africa
- 10.5.3. Rest of Middle East & Africa
11. Competitive Analysis
- 11.1. Company Market Share Analysis, 2018
- 11.2. Key Industry Developments
- 11.3. Company Profile
- 11.3.1. Company 1
- 11.3.1.1. Business Overview
- 11.3.1.2. Segment 1 & Service Offering
- 11.3.1.3. Overall Revenue
- 11.3.1.4. Geographic Presence
- 11.3.1.5. Recent Development
- 11.3.2. Company 2
- 11.3.3. Company 3
- 11.3.4. Company 4
- 11.3.5. Company 5
- 11.3.6. Company 6
- 11.3.7. Company 7
- 11.3.8. Company 8
- 11.3.9. Company 9
- 11.3.10. Company 10
- 11.3.11. Company 11
- 11.3.12. Company 12
- 11.3.1. Company 1
Research Process
Data Library Research are conducted by industry experts who offer insight on industry structure, market segmentations technology assessment and competitive landscape (CL), and penetration, as well as on emerging trends. Their analysis is based on primary interviews (~ 80%) and secondary research (~ 20%) as well as years of professional expertise in their respective industries. Adding to this, by analysing historical trends and current market positions, our analysts predict where the market will be headed for the next five years. Furthermore, the varying trends of segment & categories geographically presented are also studied and the estimated based on the primary & secondary research.
In this particular report from the supply side Data Library Research has conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and SOFT) of the companies that active & prominent as well as the midsized organization
FIGURE 1: DLR RESEARH PROCESS
Extensive primary research was conducted to gain a deeper insight of the market and industry performance. The analysis is based on both primary and secondary research as well as years of professional expertise in the respective industries.
In addition to analysing current and historical trends, our analysts predict where the market is headed over the next five years.
It varies by segment for these categories geographically presented in the list of market tables. Speaking about this particular report we have conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and many more) of the major players active in the market.
Secondary ResearchSecondary research was mainly used to collect and identify information useful for the extensive, technical, market-oriented, and Friend’s study of the Global Extra Neutral Alcohol. It was also used to obtain key information about major players, market classification and segmentation according to the industry trends, geographical markets, and developments related to the market and technology perspectives. For this study, analysts have gathered information from various credible sources, such as annual reports, sec filings, journals, white papers, SOFT presentations, and company web sites.
Market Size EstimationBoth, top-down and bottom-up approaches were used to estimate and validate the size of the Global market and to estimate the size of various other dependent submarkets in the overall Extra Neutral Alcohol. The key players in the market were identified through secondary research and their market contributions in the respective geographies were determined through primary and secondary research.
Forecast Model
