The global market for Cyber Security is projected to reach US$160.1 billion by 2022, driven by the alarming rise in premeditated cybercrime against the backdrop of growing asset value of digital information and the ensuing focus of companies to safeguard their IT infrastructure from cyber threats. Another key factor driving growth in the market is the evolutionary leap in the threat landscape with malicious software codes and viruses becoming more intelligent and sneakier and capable of adapting against legacy defences. The need to eliminate costs associated with security breaches, data leaks and unauthorized use of confidential information will continue to drive growth in the market. In addition to high cost of data leaks, unauthorized use of confidential information also affects company reputation, revenue, and brand integrity. The United States represents the largest market worldwide. Asia-Pacific ranks as the fastest growing market with a CAGR of 11.0% over the analysis period. Steady economic growth, boom in enterprise networking, increasing adoption of e-governance model, rapid evolution of Internet infrastructure and proliferation of cloud technologies particularly in Australia, India, and China represent key factors driving growth in the region.  

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Summary of Findings
  • Network Security Solutions Find Increased Demand Among Large Corporations for Exchange of Highly Confidential & Sensitive Data Over the Internet
  • Growing Adoption of Cloud Infrastructure Across Enterprises to Drive Demand for Cloud Security Solutions
  • Outbreak of Malware Programs Due to Increasing Use of Mobile Internet Spurs Demand for Wireless Security Solutions
  • Growing Use of Cyber Security Solutions in Public Utilities for Securing Smart Grid Infrastructure Propels Market Growth
  • Rise in Cyberterrorism to Strengthen Demand for Cyber Security Solutions and Services

Timeline for Analysis
  • Market Estimates and Forecasts for 2015-2022
  • Historic Review 2009-2014

Geographic Markets Analyzed
  • US, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia, and Rest of Europe), Asia-Pacific (China, India, and Rest of Asia-Pacific), Latin America (Brazil and Rest of Latin America), and Rest of World

Market Segmentation & Classification
  • Segments:
    • Application Security, Content Security, Endpoint Security, Network Security, Services, and Others.
  • End-Use sectors:
    • Banking & Financial Sector, Public Sector & Aerospace, Medical Care Sector, Manufacturing Sector, IT & Telecom Sector, and Others

Major Players
  • Avast Software
  • Booz Allen Hamilton
  • CA Technologies, Inc.
  • Check Point Software Technologies Ltd.
  • Cisco Systems, Inc.
  • CSC
  • Deloitte LLP
  • Forcepoint LLC

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