Global Cybersecurity Industry Overview:

The latest report by IMARC Group, titled “Cybersecurity Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” offers a comprehensive analysis of the industry, which comprises insights on the cybersecurity market analysis report. The report also includes competitor and regional analysis, and contemporary advancements in the market. the global cybersecurity market size reached a value of US$ 221.0 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 412.3 Billion by 2027, exhibiting a CAGR of 10% during 2022-2027. Cybersecurity solutions are used to secure servers, networks, and other electronic systems from unauthorized access of data. They reduce the vulnerability of cyber-attacks and protect critical information systems without interfering with the customer experience. They also enable employees to work at any time from any device or location. Presently, the demand for cybersecurity solutions is escalating on account of the growing instances of data breaches worldwide.

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Global Cybersecurity Market Demand:

The coronavirus disease (COVID-19) outbreak and subsequently imposed lockdown restrictions by governing agencies of numerous countries have increased the adoption of remote working models among enterprises across the globe. This, in turn, is catalyzing the demand for cybersecurity solutions to support business continuity amidst pandemic uncertainties. Besides this, the growing use of online banking services around the world is positively influencing the adoption of cybersecurity solutions in the banking, financial services, and insurance (BFSI) sector. Additionally, there is a significant rise in the need to defend critical infrastructure from advanced persistent threats (APTs). As a result, governments worldwide are employing cybersecurity solutions to improve their security measures. Furthermore, leading players are utilizing automated technologies, such as artificial intelligence (AI), machine learning (ML), and advanced analytics, to minimize the impact of breaches.

Competitive Landscape with Key Players:

The competitive landscape of the industry has also been examined along with the profiles of the key players being:

• Accenture plc
• Broadcom Inc
• Capgemini
• Cisco Systems Inc
• Cognizant
• HCL Technologies Limited
• Infosys Limited
• International Business Machine Corporation
• Lockheed Martin Corporation
• Palo Alto Networks Inc.
• Tata Consultancy Services
• Tech Mahindra Limited
• Trend Micro Incorporated
• Wipro Limited

Key Market Segmentation:

Our report has categorized the market based on component, deployment type, user type and industry vertical.

Breakup by Component:

• Solutions
• Services

By Deployment Type:

• Cloud-based
• On-premises

Breakup by User Type:

• Large Enterprises
• Small and Medium Enterprises

Breakup by Industry Vertical:

• IT and Telecom
• Retail
• BFSI
• Healthcare
• Defense/Government
• Manufacturing
• Energy
• Others

Breakup by Region:

• North America (United States, Canada)
• Europe (Germany, France, United Kingdom, Italy, Spain, Others)
• Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)

Key Highlights of the Report:

• Market Performance (2016-2021)
• Market Outlook (2022-2027)
• Porter’s Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape

Note: We are in the process of updating our reports. If you want to receive the latest research data covering the time period from 2023 to 2028, along with industry trends, market size, and competitive analysis, click on the request sample report. The team would be able to deliver the latest version of the report in a quick turnaround time.

Report Coverage: