Global cybersecurity market trends, strategies and opportunities in cybersecurity market 2021-2030
The Business Research Company Global Cyber ââSecurity Market Report 2021: COVID-19 Growth and Change
LONDON, GREATER LONDON, UK, September 17, 2021 /EINPresswire.com/ – According to the new market research report âCybersecurity Global Market Report 2021: COVID-19 Growth And Changeâ released by The Business Research Company, the Cyber ââsecurity market is expected to grow from $ 150.06 billion in 2020 to $ 156.6 billion in 2021 at a compound annual growth rate (CAGR) of 4.4%. The growth is primarily driven by businesses resuming operations and adjusting to the new normal while recovering from the impact of COVID-19, which previously led to restrictive containment measures involving social distancing, the remote work and closure of business activities which resulted in operational challenges. The market is expected to reach $ 240.59 billion in 2025 at a CAGR of 11%. The growing scale of cyberthreats is generating increased demand for cybersecurity solutions.
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The cybersecurity market consists of sales of cybersecurity software and related services. Cyber ââsecurity is the practice of protecting networks, computers, mobile devices, hardware, electronic systems and data against digital or malicious attacks. It is also known as electronic information security and information technology security.
Global cybersecurity market trends
Increasing government investments in cybersecurity solutions is a major trend shaping the growth of the cybersecurity industry. For example, in October 2019 the UK government announced a multi-million dollar investment plan of $ 48 million (Â£ 36 million) to protect businesses across the country from cyberattacks. This program combines the government’s partnership with leading technology companies such as ARM under the government’s Digital Security By Design initiative, which was previously supported by Microsoft and Google. Government funding will help detect future threats and mitigate their effects, including terrorism, financial extortion and damage to established systems. Thus, increased investment by governments globally is likely to create great avenues of expansion for players operating in the cybersecurity market in the coming years.
Global cybersecurity market segments:
The global cybersecurity market is further segmented on the basis of solution, company size, type of deployment, end use, and geography.
By Solution: Network Security, Cloud Application Security, Endpoint Security, Secure Web Gateway, Internet Security, Others
By business size: small and medium business, large business
By type of deployment: Cloud, on-premises
By End Use: BFSI, IT & Telecommunications, Retail, Healthcare, Government, Manufacturing, Travel & Transportation, Energy & Utilities, Others
By Geography: The global cybersecurity market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East, and Africa.
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The 2021 Global Cyber ââSecurity Market report is part of a series of new reports from The Business Research Company that provides global cybersecurity market overviews, analysis and forecast on the market size and growth for the Global cybersecurity market, cybersecurity market share, cybersecurity market players, cybersecurity market segments and geographies, revenue, profiles and market share of the major competitors of the market of cybersecurity. The Cyber ââSecurity Market report identifies key countries and segments for opportunities and strategies based on market trends and approaches of key competitors.
Read The Business Research Company’s Cybersecurity Global Market Report 2021 for information on the following:
Data segments: market size, global, by region and by country; Historical and forecast size, and growth rate for the world, 7 regions and 12 countries
Cybersecurity Market Organizations Covered: AVG Technologies NV, Check Point Software Technologies, Cisco Systems, CyberArk, F5 Networks, FireEye, Forcepoint, Fortinet, F-Secure, IBM Corporation, Imperva, Juniper Networks, McAfee, Micro Focus, Microsoft, Oracle, Palo Alto Networks, Proofpoint, Qualys, Rapid7, RSA Security, Sophos, Splunk, Symantec and Trend Micro.
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, United States, South America, Middle East and Africa.
Country: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
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The Business Research Company has published over 1,000 industry reports, covering over 2,500 market segments and 60 geographies. The reports are backed by 150,000 datasets, in-depth secondary research, and proprietary information from interviews with industry leaders. The reports are updated with a detailed analysis of the impact of COVID-19 in various markets.
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