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 . A successful online attack can harm the reputation of an enterprise as well as impact brand value. Point of Sale (POS) attacks are the most common due to containing sensitive information such as debit and credit card details, numbers, and PINs. cyber security Market Size USD 173.20 Billion in 2020, Market Growth at a CAGR of 7.6%, Market Trends Increasing cyber-attacks in BFSI industry. As digital commerce is becoming more popular, retailers are investing majorly in state-of-the-art security software to protect their e-commerce engines.As a result of crucial need to protect data and information of organizations from possible breach, deployment of cyber security solutions and technologies is imperative, and this is expected to continue to drive market growth going ahead.Rising adoption of machine-to-machine learning and Internet of Things are key factors driving growth of the cyber security market.

The global Cyber Security market is broadly segmented on the basis of different product types, application range, end-use industries, key regions, and an intensely competitive landscape .The report further offers a complete value chain analysis along with an analysis of the downstream buyers and upstream raw materials. . 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. Cloud deployment leads to vulnerabilities in software and makes information easily accessible by cyber criminals. The study focuses on global trends, regulatory frameworks, and macro- and micro-economic factors. The report also provides an extensive analysis of the segment and sub-segmented expected to dominate the market over the projected period. The report offers a forecast estimation of the market with regards to the analysis of the market segmentation, including product type, end-user industries, application spectrum, and other segments.

The report discusses the current market standing of these companies, their past performances, demand and supply graph, production and consumption patterns, sales network, distribution channels, and growth opportunities in the market at length. The report also studies business strategies and strategic alliances undertaken by companies to gain a robust footing in the market. Researchers have taken a holistic approach towards the global market analysis and highlighted the factors that influence the overall growth of the market. In March 2020, Sina Weibo, which is a Chinese version to Twitter, was hacked and site usernames, real name, location, and gender of 172 million users, including phone numbers, were posted on the dark web market. Retailers, medical service providers, and public entities witness the highest number of breaches and malware is mostly responsible for most of these incidents. Attacks on cyber security can result in identity theft, extortion attempts, and loss of important and sensitive data, which is driving demand for more effective cyber security solutions.

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Key players in the market include IBM Corporation, Cisco Systems, Juniper Networks, CyberArk, Forcepoint, McAfee, Microsoft, F5 Networks, Oracle, and Fortinet.

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; 20182028)

Hardware

Software

Solution Outlook (Revenue, USD Billion; 20182028)

Threat Intelligence

Identity and Access Management

Security and Vulnerability Management

Risk and Compliance Management

Others (Others include threat intelligence platforms, SIEM, and incident forensics)

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Market Taxonomy:

Chapter 1: Methodology & Scope

·       Definition and forecast parameters

·       Methodology and forecast parameters

·       Data Sources

Chapter 2:

Executive Summary

·       Business trends

·       Regional trends

·       Product trends

·       End-use trends

Chapter 3:

Industry Insights

·       Industry segmentation

·       Industry landscape

·       Vendor matrix

·       Technological and innovation landscape

Chapter 4:

Regional Landscape

Chapter 5:

Company Profile

·       Business Overview

·       Financial Data

·       Product Landscape

·       Strategic Outlook

Regional Overview:

The global cyber security market has been categorized on the basis of key geographical regions into North America, Asia Pacific, Europe, Latin America, and Middle East & Africa. It evaluates the presence of the global cyber security market in the major regions with regards to market share, market size, revenue contribution, sales network and distribution channel, and other key elements.

Key Objectives of the Report:

Analysis and estimation of the Cyber Security  market size and share for the projected period of 2020-2027

Extensive analysis of the key players of the market by SWOT analysis and Porters Five Forces analysis to impart a clear understanding of the competitive landscape

Study of current and emerging trends, restraints, drivers, opportunities, challenges, growth prospects, and risks of the global Cyber Security  market

Analysis of the growth prospects for the stakeholders and investors through the study of the promising segments

Strategic recommendations to the established players and new entrants to capitalize on the emerging growth opportunities

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At Emergen Research, we believe in advancing with technology. We are a growing market research   and strategy consulting company with an exhaustive knowledge base of cutting-edge and potentially market-disrupting technologies that are predicted to become more prevalent in the coming decade.

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