‘Cyber Security Market Worth $83.5 Billion In 2017’ Says Visiongain Report

07 August 2017
Cyber

Visiongain’s new report the Cyber Security Market Report 2017-2027: Forecasts by Solutions (Risk and Compliance Management, Unified Threat Management (UTM), Security Incident Management, Identity and Access Management (IAM), Encryption, Intrusion Prevention Systems (IPS), 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) indicates that the global Cyber Security market will see $83.5bn in spending in 2017.

The lead analyst of the report said ”One of the major trends in cyber security right now is an increase of mainstream awareness among organizations of all sizes when it comes to protecting their information. The rise of ransomware and very public hacks into small businesses, non-profit organisations, and even government agencies have brought these issues to the forefront for everyone. Because of this, organisations are witnessing a general 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 amount 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, organizations 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 organizations 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 289 page report contains 261 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 2017-2027 and divides the sector by 5 different segments namely 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)

The 289 page report offers market forecasts and analysis for 5 regional markets and 9 national markets.

In addition, the report contains a dedicated leading companies’ chapter covering companies leading the field in Cyber Security including Dell EMC, Cisco Systems, FireEye Inc., Hewlett Packard Enterprises (HPE), IBM Corporation, Sophos Ltd. Intel Corporation, Symantec Corporation. TrendMicro Inc., Verizon Communications, Lockheed Martin Corporation, Northrop Grumman Corporation and Palo Alto Networks Inc.

The Cyber Security Market Report 2017-2027: Forecasts by Solutions (Risk and Compliance Management, Unified Threat Management (UTM), Security Incident Management, Identity and Access Management (IAM), Encryption, Intrusion Prevention Systems (IPS), 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) report will be of value to anyone who wants to better understand the Cyber Security market and its various segments. It will be useful for businesses who wish to better comprehend the part of the market they are already involved in, or those wishing to enter or expand into a different regional or technical part of the Cyber Security industry.

Notes for Editors
If you are interested in a more detailed overview of this report, please send an e-mail to sara.peerun@visiongainglobal.com or call her on +44 (0) 207 336 6100

About visiongain
Visiongain is one of the fastest-growing and most innovative independent media companies in Europe. Based in London, UK, visiongain produces a host of business-to-business conferences, newsletters, management reports and e-zines focusing on the automotive, chemical, cyber, defence, energy, pharmaceutical, materials and telecoms sectors.

Visiongain publishes reports produced by its in-house analysts, who are qualified experts in their field. Visiongain has firmly established itself as the first port of call for the business professional who needs independent, high-quality, original material to rely and depend on.

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