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Cybersecurity Market

Cybersecurity Market

Global Industry Analysis (2019 - 2022), Growth Trends, and Market Forecast (2023 - 2030)

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Industry: Information & Communications Technology


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The Cybersecurity Mesh is Becoming Increasingly Popular

The cybersecurity mesh is a new way of thinking about security architectures. It enables distributed enterprises to deploy and extend security where it is needed the most. It is a decentralised concept that aims to protect the identity of users or computers and is one of the rapidly growing strategies. The goal is to restrict network access to authorised users (or systems), whether on-premises or in the cloud. In theory, the cybersecurity mesh assists IT professionals in managing protection from each access point while also preventing attackers from gaining access to the system.

The concept of cybersecurity mesh acknowledges that networks do not have physical boundaries. Organizations must create a security perimeter around each individual user, allowing them to access assets securely from any location or device. Policy enforcement would be handled by a cloud service for assets rather than devices in this model. The cybersecurity mesh entails designing and implementing IT security infrastructures that focus on establishing smaller, individual perimeters around each access point rather than constructing a single "perimeter" around all devices or nodes of IT networks.

IoT Security Adoption Will Drive Cybersecurity Market Demand Upside

IoT traffic is expected to increase in the coming years as enterprises across industries adopt IoT devices to improve operational efficiency and communication. The increasing adoption of these IoT devices has broadened the scope of cybercriminals' attacks. A cybersecurity model approach is expected to be adopted in the coming years by organisations dealing with critical business and personal information because it provides security professionals with greater visibility in terms of users accessing networks from various locations, accessed applications, and the exact time of access. Every day, a single IoT device can perform thousands of queries, and users in organisations have access to multiple devices connected within or outside networks. Because of the large volume of requests, data security professionals may be unable to enter all of them into Security Information and Event Management (SIEM) systems, which can further obstruct network-level visibility. To address such visibility issues, businesses are turning to cybersecurity solutions that inspect all network traffic, both internal and external, and detect malicious Domain Name System (DNS) queries.

Types of computer viruses:

  • Malware - Worms, Trojans, adware, and even ransomware may all be considered malware. This is any computer code intentionally created to do damage to computer systems, gain unauthorized access to computers, or steal information.
  • Ransomware - ransomware disables access to computer files by encrypting data. Demands for payment or other requests must be met before the offending software will be unlocked to reinstate access to servers or business files. Even large enterprises and city governments have fallen victim to ransomware attacks in recent months.
  • Trojans - Trojans typically require the recipient to take some form of action, such as running a program or accessing a malicious website through a link passed by email. A common use of a Trojan attack is first to notify a computer user a virus has infected them. Prompted to click a link or run the attached program to solve the problem, the unsuspecting user falls victim to the Trojan attack.

Top Destructive Cyber Viruses:

  • CryptoLocker Ransomware, Plug X malware, Zeus (Gameover) virus, Stuxnet worm, MyDoom worm, Sasser and Netsky worms, Code Red worm, Nimda virus, ILOVEYOU virus, Melissa virus, Cyborg Ransomware, GoBrut virus, Jokeroo malware, CryptoMix Clop Ransomware, Trojan Glupteba virus, Fake Windows Updates (Hidden Ransomware), News Malware Attacks.

Hot Technologies

Context-Aware Behavioral Analytics

  • Problem: Companies are being overwhelmed by meaningless security alerts.
  • Solution: Use sophisticated behavioral analytics to monitor and identify suspicious behavior/transactions.

Next Generation Breach Detection

  • Problem: Hackers are using “zero-day” exploits that allow them to establish a foothold and mine data in networks and systems for months (e.g. Target’s stolen credit card numbers).
  • Solution: Develop technologies that combine machine learning and behavioral analytics to detect breaches and trace them to the source.

Virtual Dispersive Networking (VDN)

  • Problem: MiMattacks are cracking traditional encryption technologies and targeting intermediate nodes.
  • Solution: Split the message into multiple parts, encrypt those parts and route them over different protocols on independent paths.

Low Cybersecurity Budget and High Installation Costs Are Sore Points

Emerging startups' cybersecurity budgets are insufficient to implement Next-Generation Firewalls (NGFWs) and Advanced Threat Protection (ATP) solutions. Lack of investment and limited funding are key factors that are expected to limit the adoption of cybersecurity solutions by small businesses in developing economies. Due to a lack of proper IT security infrastructure, these firms' adoption of new technologies and enterprise security solutions is slowed. Small businesses must manage planned budget funds for a variety of operational challenges and business continuity planning.

Difficulties in Designing and Deploying Cybersecurity Solutions

The deployment of the cybersecurity model on new or existing infrastructure presents a number of design and implementation challenges. The model requires enterprise IT teams to rethink network security in order to transition from a network perimeter-based approach to a user-based and application-based security model. Redesigning and redeploying web and mobile applications can be time consuming and exhausting. Most networks are not designed with cybersecurity in mind and transitioning to a cybersecurity model necessitates a thorough network analysis of network hardware, services, and traffic. Re-modeling networks with the cybersecurity model necessitates a thorough understanding of each user, device, application, and resource.

Regional Analysis

The North American region has presence of several prominent market players delivering advanced solutions to all the industry verticals in the regions. Apart from geographical presence, strategic investments, partnerships, and significant R&D activities are thereby contributing to the hefty deployments of Cybersecurity solutions. Key players such as IBM, Oracle, Fortinet, Microsoft, and Trend Micro, along with several start-ups in the region are offering enhanced cybersecurity software solutions & services to cater the needs of customers. Such factors are expected to fuel the growth of the market in North America.

  • October 2020, IBM Security announced new and upcoming capabilities for Cloud Pak for Security, for hybrid cloud environments.
  • February 2020, Oracle and Microsoft expanded their cloud collaboration with a new cloud interconnect location in Amsterdam, Netherlands.
  • June 2020, Microsoft partnered with SAS to bring cloud-based SAS industry solutions to its customers.
  • July 2020, Google Cloud announced two new security offerings, Confidential VMs and Assured Workloads, for governments.
  • August 2019, HPE acquired MapR Technologies to advance its Intelligent Data Platform.

As per The International Telecom Union annual Global Cybersecurity Index, countries top in cybersecurity are:

  1. United Kingdom - “The Active Cyber Defense program has prevented thousands of attacks and reduced the average time a phishing site is online from 27 hours to 1 hour.”
  2. USA
  3. France
  4. Lithuania - “To consolidate functions and resources, which were previously scattered, the National Cyber Security Center has been created.”
  5. Estonia
  6. Singapore
  7. Spain - “The National Cybersecurity Council strengthens the relations of coordination between the different public and private sector.”
  8. Malaysia
  9. Canada

Comparitech compares countries as well.

  1. Japan - “Lowest percentage of mobile malware infections at 1.34% of users.”
  2. France
  3. Canada
  4. Denmark - “Lowest percentage of mobile malware infections at 5.9% of users.”
  5. USA
  6. Ireland
  7. Sweden
  8. United Kingdom
  9. Netherlands
  10. Singapore

Tajikistan is the least cyber-secure country in the world, followed by Bangladesh and China.

Regional Classification of the Global Cybersecurity Market is Listed Below:

North America

  • U.S.
  • Canada

Europe

  • Germany
  • France
  • Spain
  • U.K.
  • Italy
  • Russia
  • Rest of Europe

Asia Pacific

  • China
  • Japan
  • India
  • Southeast Asia
  • Rest of Asia Pacific

 Latin America

  • Brazil
  • Mexico
  • Rest of Latin America

Middle East and Africa

  • GCC
  • South Africa
  • Rest of Middle East & Africa

*Regions and countries are subject to change based on data availability.

Key Elements Included In The Study: Global Cybersecurity Market

  • Cybersecurity Market by Product/Technology/Grade, Application/End-user, and Region
  • Executive Summary (Opportunity Analysis and Key Trends)
  • Historical Market Size and Estimates, Value, 2019 - 2022
  • Market Value at Regional and Country Level, 2023 - 2030
  • Market Dynamics and Economic Overview
  • Market Size in Value, Growth Rates, and Forecast Figures, 2023 - 2030
  • Competitive Intelligence with Financials, Key Developments, and Portfolio of Leading Companies 
  • Regional and Product/Grade/Application/End-user Price Trends Analysis
  • Value Chain and Five Force’s Analysis
  • Regional/Sub-region/Country Market Size and Trend Analysis
  • Company Market Share Analysis and Key Player Profiles

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1. Executive Summary
     1.1. Global Cybersecurity Market: Snapshot
     1.2. Future Projections, 2022 - 2029, (US$ Mn)
     1.3. Key Segment Analysis and Competitive Insights
     1.4. Premium Insights

2. Market Overview
     2.1. Market Definitions and Segmentation
     2.2. Market Dynamics
            2.2.1. Driver
            2.2.2. Restraint
            2.2.3. Industry Challenges & Opportunities
     2.3. Market Forces Analysis
            2.3.1. Value Chain Analysis
            2.3.2. Porters Five Forces Analysis
     2.4. Challenges and Solutions
     2.5. Supply Chain Impact Analysis
     2.6. COVID-19 Impact Analysis
            2.6.1. Pre and Post Covid-19 Analysis
     2.7. Regulatory Scenario
     2.8. Economic Analysis

3. Global Cybersecurity Market Outlook, 2019 - 2030
     3.1. Global Cybersecurity Market Outlook, by Component, Value (US$ Mn), 2019 - 2030
            3.1.1. Key Highlights
                    3.1.1.1. Solution
                             3.1.1.1.1. Application Security
                             3.1.1.1.2. Infrastructure Protection
                             3.1.1.1.3. End Point Security
                             3.1.1.1.4. Cloud Security
                             3.1.1.1.5. Network Security
                             3.1.1.1.6. Data Security
                             3.1.1.1.7. Misc.
                    3.1.1.2. Services
     3.2. Global Cybersecurity Market Outlook, by Organization Size, Value (US$ Mn), 2019 - 2030
            3.2.1. Key Highlights
                    3.2.1.1. Large Enterprises
                    3.2.1.2. SMEs
     3.3. Global Cybersecurity Market Outlook, by Verticals, Value (US$ Mn), 2019 - 2030
            3.3.1. Key Highlights
                    3.3.1.1. Manufacturing
                    3.3.1.2. Energy & Utilities
                    3.3.1.3. Retail
                    3.3.1.4. Healthcare and Life Sciences
                    3.3.1.5. Banking, Financial Services, and Insurance
                    3.3.1.6. Government and Public safety
                    3.3.1.7. Transportation and Logistics
                    3.3.1.8. Aerospace & Defense
                    3.3.1.9. Media & Entertainment
                    3.3.1.10. Misc.
     3.4. Global Cybersecurity Market Outlook, by Deployment Mode, Value (US$ Mn), 2019 - 2030
            3.4.1. Key Highlights
                    3.4.1.1. Cloud
                    3.4.1.2. On-premises
     3.5. Global Cybersecurity Market Outlook, by Region, Value (US$ Mn), 2019 - 2030
            3.5.1. Key Highlights
                    3.5.1.1. North America
                    3.5.1.2. Europe
                    3.5.1.3. Asia Pacific
                    3.5.1.4. Latin America
                    3.5.1.5. Middle East & Africa
            3.5.2. Market Attractiveness Analysis

4. North America Cybersecurity Market Outlook, 2019 - 2030
     4.1. North America Cybersecurity Market Outlook, by Component, Value (US$ Mn), 2019 - 2030
            4.1.1. Key Highlights
                    4.1.1.1. Solution
                             4.1.1.1.1. Application Security
                             4.1.1.1.2. Infrastructure Protection
                             4.1.1.1.3. End Point Security
                             4.1.1.1.4. Cloud Security
                             4.1.1.1.5. Network Security
                             4.1.1.1.6. Data Security
                             4.1.1.1.7. Misc.
                    4.1.1.2. Services
     4.2. North America Cybersecurity Market Outlook, by Organization Size, Value (US$ Mn), 2019 - 2030
            4.2.1. Key Highlights
                    4.2.1.1. Large Enterprises
                    4.2.1.2. SMEs
     4.3. North America Cybersecurity Market Outlook, by Verticals, Value (US$ Mn), 2019 - 2030
            4.3.1. Key Highlights
                    4.3.1.1. Manufacturing
                    4.3.1.2. Energy & Utilities
                    4.3.1.3. Retail
                    4.3.1.4. Healthcare and Life Sciences
                    4.3.1.5. Banking, Financial Services, and Insurance
                    4.3.1.6. Government and Public safety
                    4.3.1.7. Transportation and Logistics
                    4.3.1.8. Aerospace & Defense
                    4.3.1.9. Media & Entertainment
                    4.3.1.10. Misc.
     4.4. North America Cybersecurity Market Outlook, by Deployment Mode, Value (US$ Mn), 2019 - 2030
            4.4.1. Key Highlights
                    4.4.1.1. Cloud
                    4.4.1.2. On-premises
     4.5. North America Cybersecurity Market Outlook, by Country, Value (US$ Mn), 2019 - 2030
            4.5.1. Key Highlights
                    4.5.1.1. U.S.
                    4.5.1.2. Canada

5. Europe Cybersecurity Market Outlook, 2019 - 2030
     5.1. Europe Cybersecurity Market Outlook, by Component, Value (US$ Mn), 2019 - 2030
            5.1.1. Key Highlights
                    5.1.1.1. Solution
                             5.1.1.1.1. Application Security
                             5.1.1.1.2. Infrastructure Protection
                             5.1.1.1.3. End Point Security
                             5.1.1.1.4. Cloud Security
                             5.1.1.1.5. Network Security
                             5.1.1.1.6. Data Security
                             5.1.1.1.7. Misc.
                    5.1.1.2. Services
     5.2. Europe Cybersecurity Market Outlook, by Organization Size, Value (US$ Mn), 2019 - 2030
            5.2.1. Key Highlights
                    5.2.1.1. Large Enterprises
                    5.2.1.2. SMEs
     5.3. Europe Cybersecurity Market Outlook, by Verticals, Value (US$ Mn), 2019 - 2030
            5.3.1. Key Highlights
                    5.3.1.1. Manufacturing
                    5.3.1.2. Energy & Utilities
                    5.3.1.3. Retail
                    5.3.1.4. Healthcare and Life Sciences
                    5.3.1.5. Banking, Financial Services, and Insurance
                    5.3.1.6. Government and Public safety
                    5.3.1.7. Transportation and Logistics
                    5.3.1.8. Aerospace & Defense
                    5.3.1.9. Media & Entertainment
                    5.3.1.10. Misc.
     5.4. Europe Cybersecurity Market Outlook, by Deployment Mode, Value (US$ Mn), 2019 - 2030
            5.4.1. Key Highlights
                    5.4.1.1. Cloud
                    5.4.1.2. On-premises
     5.5. Europe Cybersecurity Market Outlook, by Country, Value (US$ Mn), 2019 - 2030
            5.5.1. Key Highlights
                    5.5.1.1. Germany
                    5.5.1.2. France
                    5.5.1.3. U.K.
                    5.5.1.4. Italy
                    5.5.1.5. Rest of Europe
            5.5.2. BPS Analysis/Market Attractiveness Analysis

6. Asia Pacific Cybersecurity Market Outlook, 2019 - 2030
     6.1. Asia Pacific Cybersecurity Market Outlook, by Component, Value (US$ Mn), 2019 - 2030
            6.1.1. Key Highlights
                    6.1.1.1. Solution
                             6.1.1.1.1. Application Security
                             6.1.1.1.2. Infrastructure Protection
                             6.1.1.1.3. End Point Security
                             6.1.1.1.4. Cloud Security
                             6.1.1.1.5. Network Security
                             6.1.1.1.6. Data Security
                             6.1.1.1.7. Misc.
                    6.1.1.2. Services
     6.2. Asia Pacific Cybersecurity Market Outlook, by Organization Size, Value (US$ Mn), 2019 - 2030
            6.2.1. Key Highlights
                    6.2.1.1. Large Enterprises
                    6.2.1.2. SMEs
     6.3. Asia Pacific Cybersecurity Market Outlook, by Verticals, Value (US$ Mn), 2019 - 2030
            6.3.1. Key Highlights
                    6.3.1.1. Manufacturing
                    6.3.1.2. Energy & Utilities
                    6.3.1.3. Retail
                    6.3.1.4. Healthcare and Life Sciences
                    6.3.1.5. Banking, Financial Services, and Insurance
                    6.3.1.6. Government and Public safety
                    6.3.1.7. Transportation and Logistics
                    6.3.1.8. Aerospace & Defense
                    6.3.1.9. Media & Entertainment
                    6.3.1.10. Misc.
     6.4. Asia Pacific Cybersecurity Market Outlook, by Deployment Mode, Value (US$ Mn), 2019 - 2030
            6.4.1. Key Highlights
                    6.4.1.1. Cloud
                    6.4.1.2. On-premises
     6.5. Asia Pacific Cybersecurity Market Outlook, by Country, Value (US$ Mn), 2019 - 2030
            6.5.1. Key Highlights
                    6.5.1.1. China
                    6.5.1.2. Japan
                    6.5.1.3. South Korea
                    6.5.1.4. India
                    6.5.1.5. Rest of Asia Pacific
            6.5.2. BPS Analysis/Market Attractiveness Analysis

7. Latin America Cybersecurity Market Outlook, 2019 - 2030
     7.1. Latin America Cybersecurity Market Outlook, by Component, Value (US$ Mn), 2019 - 2030
            7.1.1. Key Highlights
                    7.1.1.1. Solution
                             7.1.1.1.1. Application Security
                             7.1.1.1.2. Infrastructure Protection
                             7.1.1.1.3. End Point Security
                             7.1.1.1.4. Cloud Security
                             7.1.1.1.5. Network Security
                             7.1.1.1.6. Data Security
                             7.1.1.1.7. Misc.
                    7.1.1.2. Services
     7.2. Latin America Cybersecurity Market Outlook, by Organization Size, Value (US$ Mn), 2019 - 2030
            7.2.1. Key Highlights
                    7.2.1.1. Large Enterprises
                    7.2.1.2. SMEs
     7.3. Latin America Cybersecurity Market Outlook, by Verticals, Value (US$ Mn), 2019 - 2030
            7.3.1. Key Highlights
                    7.3.1.1. Manufacturing
                    7.3.1.2. Energy & Utilities
                    7.3.1.3. Retail
                    7.3.1.4. Healthcare and Life Sciences
                    7.3.1.5. Banking, Financial Services, and Insurance
                    7.3.1.6. Government and Public safety
                    7.3.1.7. Transportation and Logistics
                    7.3.1.8. Aerospace & Defense
                    7.3.1.9. Media & Entertainment
                    7.3.1.10. Misc.
     7.4. Latin America Cybersecurity Market Outlook, by Deployment Mode, Value (US$ Mn), 2019 - 2030
            7.4.1. Key Highlights
                    7.4.1.1. Cloud
                    7.4.1.2. On-premises
     7.5. Latin America Cybersecurity Market Outlook, by Country, Value (US$ Mn), 2019 - 2030
            7.5.1. Key Highlights
                    7.5.1.1. Brazil
                    7.5.1.2. Mexico
                    7.5.1.3. Rest of Latin America
            7.5.2. BPS Analysis/Market Attractiveness Analysis

8. Middle East & Africa Cybersecurity Market Outlook, 2019 - 2030
     8.1. Middle East & Africa Cybersecurity Market Outlook, by Component, Value (US$ Mn), 2019 - 2030
            8.1.1. Key Highlights
                    8.1.1.1. Solution
                             8.1.1.1.1. Application Security
                             8.1.1.1.2. Infrastructure Protection
                             8.1.1.1.3. End Point Security
                             8.1.1.1.4. Cloud Security
                             8.1.1.1.5. Network Security
                             8.1.1.1.6. Data Security
                             8.1.1.1.7. Misc.
                    8.1.1.2. Services
     8.2. Middle East & Africa Cybersecurity Market Outlook, by Organization Size, Value (US$ Mn), 2019 - 2030
            8.2.1. Key Highlights
                    8.2.1.1. Large Enterprises
                    8.2.1.2. SMEs
     8.3. Middle East & Africa Cybersecurity Market Outlook, by Verticals, Value (US$ Mn), 2019 - 2030
            8.3.1. Key Highlights
                    8.3.1.1. Manufacturing
                    8.3.1.2. Energy & Utilities
                    8.3.1.3. Retail
                    8.3.1.4. Healthcare and Life Sciences
                    8.3.1.5. Banking, Financial Services, and Insurance
                    8.3.1.6. Government and Public safety
                    8.3.1.7. Transportation and Logistics
                    8.3.1.8. Aerospace & Defense
                    8.3.1.9. Media & Entertainment
                    8.3.1.10. Misc.
     8.4. Middle East & Africa Cybersecurity Market Outlook, by Deployment Mode, Value (US$ Mn), 2019 - 2030
            8.4.1. Key Highlights
                    8.4.1.1. Cloud
                    8.4.1.2. On-premises
     8.5. Middle East & Africa Cybersecurity Market Outlook, by Country, Value (US$ Mn), 2019 - 2030
            8.5.1. Key Highlights
                    8.5.1.1. GCC
                    8.5.1.2. South Africa
                    8.5.1.3. Rest of Middle East & Africa
            8.5.2. BPS Analysis/Market Attractiveness Analysis

9. Competitive Landscape
     9.1. Company Market Share Analysis, 2021
     9.2. Competition Matrix (By Tier and Size of companies)
     9.3. Strategic Collaborations
            9.3.1. Joint Ventures
            9.3.2. Mergers & Acquisitions
     9.4. Company Profiles
            9.4.1. IBM
                    9.4.1.1. Company Overview
                    9.4.1.2. Product Portfolio
                    9.4.1.3. Financial Overview
                    9.4.1.4. Business Strategies and Development
(*Note: Above details would be available for below list of companies based on availability)
            9.4.2. Cisco
            9.4.3. Microsoft
            9.4.4. Fortinet Inc.
            9.4.5. Micro Focus
            9.4.6. Amazon Web Services
            9.4.7. Oracle
            9.4.8. Accenture
            9.4.9. CyberArk
            9.4.10. Palo Alto Networks
            9.4.11. Trellix
            9.4.12. Trend Micro Inc.
            9.4.13. F5, Inc.
            9.4.14. Sophos Ltd.

10. Appendix
     10.1. Acronyms and Abbreviations
     10.2. Research Scope & Assumptions
     10.3. Research Methodology and Information Sources

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