Antivirus software market expected to grow at a rate of 4%, driven by increasing number of cyberattacks

Business Research Company’s Antivirus Software Market research report expands on key drivers, trends, and opportunities for market growth.

LONDON , September 20, 2022 /PRNewswire/ — The growing number of cyberattacks is expected to propel the growth of the antivirus software market in the coming years. A cyberattack is an attack based on cyberspace aimed at intentionally disrupting, disabling, destroying or manipulating a computer or other device. There is an increase in hacking and data breaches on computers, laptops and cell phones using viruses or malware. Antivirus software can block or prevent viruses or malware from entering the device and prevent cyberattacks. For example, in 2020 Air India, an India-based airline, reported that hackers had compromised their servers and accessed the personal data of 4.5 million flyers. In India, in 2020 alone, 1.16 million cybersecurity cases were recorded. Hence, the increasing number of cyber attacks is driving the demand market of antivirus software industry.

The Global Antivirus Software Market Size is Expected to Grow from $3.92 billion in 2021 for $4.06 billion in 2022 at a compound annual growth rate (CAGR) of 3.6%. The anti-virus software market share is expected to reach $4.75 billion in 2026 at a CAGR of 4.0%.

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Cloud-based antivirus is a growing trend in the antivirus software industry

Cloud-based antivirus is a trend that is gaining popularity in the antivirus software market. Cloud antivirus, or cloud-based antivirus, is a solution that offloads work to a cloud-based server instead of bogging down the computer with an antivirus suite. Cloud antivirus protects PCs, laptops and mobile devices by providing behavior-based filtering and catching malware capable of transferring data. For example, according to Tracxn Technologies Limited, a IndiaAccording to a report by a cloud-based software company in 2021, major companies such as Malwarebytes, Avast, Panda Security, Qihoo 360 Technology and AVG Technologies use cloud-based antivirus solutions.

Antivirus software market segmentation

The Global Antivirus Software Market is Segmented –

1. By type: computers, tablets, smartphones, other
2. By operating system: Windows, MAC, Android or iOS or Linux
3. By end user: business, personal, government

Key players and their strategies in the Antivirus Software industry

Major Players of Antivirus Software Market are Symantec, McAfee, ESET, Trend Micro, F-Secure, BitDefender, G Data CyberDefense, Fortinet, Microsoft Corporation, Cheetah Mobile, AVG Technologies, Qihoo 360, Quick Heal, TencentComodo Cybersecurity, Kaspersky, AhnLab Inc, Ad-Aware, Panda Security and Lavasoft.

In July 2020NortonLifeLock, an American cybersecurity software company, has acquired Avira for a $360 million OK. With this acquisition, Avira serves a broad customer base in Europe and major emerging markets with a range of consumer-focused cybersecurity and privacy solutions. Avira is a GermanyNew York-based company offering security software specializing in antivirus software.

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