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Cyber Security Market by 2022 - Analysis, Growth, Drivers, Restraint, Trend and Forecast

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Cyber Security Market Report, published by Allied Market Research, forecasts that the global market is expected to garner $198 billion by 2022, registering a CAGR of 15.5% during the period 2016-2022. The BFSI and public sector is expected to dominate the global cyber security market. In the year 2015, North America was the leading contributor to the global revenue, and Asia-Pacific is projected to be dominant by 2022.

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Cyber Security Market by 2022 - Analysis, Growth, Drivers, Restraint, Trend and Forecast

  1. 1. Publish Date : Nov 2016 No of Pages: 180 e Patient ng Market nity Analysis and ast, 2014 - 2022 Squalene Market Global Opportunity Analysis and Industry Forecast, 2014 - 2022 Cyber Security Market Global Opportunity Analysis and Industry Forecast, 2014 - 2022
  2. 2. Introduction Cyber Security Market Report, published by Allied Market Research, forecasts that the global market is expected to garner $198 billion by 2022, registering a CAGR of 15.5% during the period 2016-2022. The BFSI and public sector is expected to dominate the global cyber security market. In the year 2015, North America was the leading contributor to the global revenue, and Asia-Pacific is projected to be dominant by 2022. The cyber security market includes solutions such as security incident management, Unified Threat Management (UTM), risk and compliance management, and Identity and Access Management (IAM) that enable organizations to secure infrastructure and data from harmful cyber threats and vulnerabilities. Increase in adoption of mobile devices, and growing reliability on Internet services in industries such as retail, healthcare, BFSI, and energy and utilities supplements the market growth.
  3. 3.  In the year 2015, unified threat management dominated the overall cybersecurity solutions segment in terms of revenue, and is projected to grow at a CAGR of 11.9% during the forecast period.  Managed services are estimated to grow at the highest CAGR of 20.3% from 2016 to 2022.  Cloud-based deployment type is anticipated to generate the highest revenue by 2022.  In the user segment, SMEs are projected to grow at the highest CAGR of 18.5%.  Among the industry verticals, healthcare is expected to witness the highest growth rate of 17.5%.  In the year 2015, North America generated the highest revenue in the global cyber security market.  Asia-Pacific is expected to grow at a remarkable CAGR of 17.8% during the forecast period.  The global cyber security market generated $75 billion in 2015. Current and Future Market Scenario
  4. 4. Factors Contributing to Market Growth Rise in demand for cloud-based security solutions, advanced authentication, and transformation in traditional antivirus software provides huge growth opportunities to the market in public sector. In addition, the healthcare segment is projected to grow at a fastest CAGR of 17.5%, owing to the manifestation of sensitive and diverse data present in healthcare organizations, which comprises personally identifiable information (PII), electronic protected health information (ePHI), and financial data. In the solutions segment, risk and compliance management is anticipated to generate the highest revenue by 2022, as this solution enables organizations to monitor systems, including financial systems, ERP applications, and HRIS systems. Moreover, the deployment of risk and compliance management solutions offers a comprehensive view of the infrastructure, applications, and data. The encryption solution is expected to grow at the fastest CAGR due to its functionality of customizable tracking and reporting competencies through a web gateway.
  5. 5. Cyber Security Market - Segmentation
  6. 6. Cyber Security Market - Top Impacting Factors
  7. 7. In the year 2015, North America accounted for a major share of the global cyber security market. Asia-Pacific is expected to dominate the market by 2022 owing to increase in rate of Internet penetration in countries such as India, China, Japan, Malaysia, and Singapore. Additionally, the growth in implementation of cloud-based security tools such as identity and access management (IAM), advanced authentication, and incident management boosts the organizations in Asia-Pacific to adopt effective security solutions Region Overview
  8. 8. Leading Players Prominent players such as Cisco Systems, IBM Corporation, Symantec, Trend Micro, FireEye, Sophos, and CSC focus on product launch, acquisition, and partnership for expansion in the market. For instance, in August 2016, Symantec Corporation acquired Blue Coat Systems to introduce advanced security products and help clients to achieve their goals.
  9. 9. Follow Us On Thank You! For More Details Visit us at https://www.alliedmarketresearch.com/cyber-security-market

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