Global Cyber Security Market To Grow At 9.5% CAGR Between 2016 And 2021

A new report is issued by Zion Market Research titled “Cyber Security Market (Network Security, Cloud Security, Wireless Security, and Others), By Solution (Identity and Access Management (IAM), Encryption, Risk and Compliance Management, Data Loss Prevention, Antivirus And Antimalware, Firewall And Others), By Vertical (Aerospace, Government, Financial Services, Telecommunication, Healthcare And Others): Global Industry Perspective, Comprehensive Analysis, Size, Share, Growth, Segment, Trends and Forecast, 2015 – 2021”. The global cyber security market, as per the report, was esteemed at USD 105.45 Billion in 2015, is anticipated to attain USD 181.77 Billion in 2021, and is projected to expand at around 9.5% CAGR between 2016 and 2021.

Cyber security is related to information technology security that emphasizes on safeguarding computers and private information hoarded in it from cyber criminals. A number of benefits are offered by the cyber security market such as improved cyberspace security, faster reaction time to nationwide crises, and expanded digital protection. These benefits of cyber security market improve the worth automatically of service provided to the end-users in the market.

Browse the full "Cyber Security Market (Network Security, Cloud Security, Wireless Security and Others), By Solution (Identity and Access Management (IAM), Encryption, Risk and Compliance Management, Data Loss Prevention, Antivirus And Antimalware, Firewall And Others), By Vertical (Aerospace, Government, Financial Services, Telecommunication, Healthcare And Others): Global Industry Perspective, Comprehensive Analysis, Size, Share, Growth, Segment, Trends and Forecast, 2015 – 2021" report at https://www.zionmarketresearch.com/report/cyber-security-market

The cyber security market is among the topmost revenue-generating markets in the field of information technology and it harvests many economic opportunities. Rising threats such as virus deployment, software piracy, and computer hacking are boosting the need for cyber securities services. The expenditure in cyber security has been increased by governments of several nations on account of advancement in computer interconnectivity and considerable expansion of government networks in computing power.

The key factors influencing the growth of the cyber security market are the strict government rules on data privacy and rising cyber threats. Dearth of attentiveness and accessibility of pirated security software are anticipated to obstruct the cyber security market growth in the years to come. There is a noteworthy growth in the cyber security market as a result of progress in cyber services & solution and it provides several alternatives to protect information. Offering cyber security solution to ever-rising government IT domain has turned out be a major task for the government authorities.

The cyber security market is bifurcated on the basis of solution, vertical, security types, and regions. Based on security types, the market is segmented into wireless security, cloud security, network security, and others. Cyber solution segment is classified into encryption, risk, & compliance management; identity & access management; antivirus & antimalware; data loss prevention; firewall; and others. The vertical segment of the market is categorized into financial services, aerospace, government, healthcare, telecommunication, and others.

North America, in 2015, governed the cyber security market as a result of the rising cybercrime and stringent government regulations against it. Asia Pacific is a rapidly developing regional market owing to the rising base of internet users in India and Chinas.

Few of the leading players active in the global cyber security market consist of IBM, Symantec, Northrop Grumman, Booz Allen Hamilton, McAfee, and CSC, among others.

The report segments the global cyber security market as:

Cyber Security Market: Security Type Analysis

• Network Security
• Cloud Security
• Wireless Security
• Others

Cyber Security Market: Solution Segment Analysis

• Identity And Access Management (IAM)
• Encryption
• Risk And Compliance Management
• Data Loss Prevention
• Antivirus And Antimalware
• Firewall And
• Others

Cyber Security Market: Vertical Segment Analysis

• Aerospace
• Government
• Financial Services
• Telecommunication
• Healthcare
• Others

Cyber Security Market: Regional Segment Analysis

• North America
  • U.S.
• Europe
  • UK
  • France
  • Germany
• Asia Pacific
  • China
  • Japan
  • India
• Latin America
  • Brazil
• Middle East and Africa

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