“Cyber Security market worth $118 billion in 2019” says Visiongain report
23 July 2019
Visiongain’s new cyber report the Cyber Security Market Report 2019-2025: Forecasts by Solutions (Risk and Compliance Management, Unified Threat Management (UTM), Security Incident Management, Identity and Access Management (IAM), Encryption, Intrusion Prevention Systems (IPSs), Others), by Services (Professional Services, Managed Services), by Deployment Type (On-Premises, Cloud), by User Type (SMEs, Large Enterprises), by Industry Vertical (Aerospace and Defence, BFSI, Public Sector, Retail, Healthcare, IT and Telecom, Energy and Utilities, Manufacturing, Others) PLUS Regional and Leading National Market Analysis and Profiles of Leading Companies indicates that the global Cyber Security market will see $117,935m in spending in 2019.
The lead analyst of the report said: "One of the biggest trends in cyber security right now is an increase of mainstream awareness among organisations of all sizes when it comes to protecting their information. The rise of ransomware and very public hacks into small businesses, nonprofits, and even government agencies have brought these issues top of mind for everyone. Because of this, organisations are witnessing a generally increased level of investment by every company trying to protect their sensitive data.
The second major trend is a massive expansion in the number of devices, and the number of bandwidth enterprises are leveraging, forcing them to seek solutions that are scalable and eliminate the need to backhaul security to the corporate office. By leveraging new node-based architectures, organisations can protect their information in a massively efficient way. Very large enterprises have been slower to adopt cloud technologies because of concerns over security and compliance issues. These larger organisations require a more flexible solution that allows them to use the cloud when appropriate and also have the option of onsite hardware when necessary."
The 256-page report contains 187 tables, charts and graphs that add visual analysis in order to explain developing trends within the Cyber Security market. Visiongain provides Cyber Security forecasts for the period 2019-2025 for the 5 leading Cyber Security submarkets. The report offers market forecasts and analysis for 16 leading national markets and the rest of the world market. In addition, the report contains a dedicated leading companies’ chapter covering more than 10 companies leading the field in Cyber Security.
The Cyber Security Market Report 2019-2025 report will be of value to anyone who wants to understand the Cyber Security market and its various segments better. It will be useful for businesses who wish to comprehend the part of the market better they are already involved in, or those wishing to enter or expand into a different regional or technical part of the Cyber Security industry.
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