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Worldwide Industry for Cyber Security to 2030 - Increasing Adoption of Cyber Security Solutions by Healthcare Industry Presents OpportunitiesDUBLIN, Nov. 26, 2020 /PRNewswire/ -- The "Cyber Security Market Research Report: By Component, Security Type, Deployment, Enterprise, Use Case, Industry - Global Industry Analysis and Growth Forecast to 2030" report has been added to ResearchAndMarkets.com's offering.  In 2019, 1,473 data breaches in the U.S. led to the exposure of 164,683,455 confidential records, as per the Identity Theft Resource Center (ITRC). Additionally, in May 2020 alone, 841,529 records were exposed in 108 data breach incidents. The records ranged from people's financial and medical information to strongly protected national secrets. Weak passwords, improper configuration, complex access permissions, and malware attacks are the major reasons behind data breaches. Moreover, with more companies transitioning to the cloud, the threat is becoming even more real. As per the publisher, due to the rising number of such attacks, the cyber security market will grow from $119.9 billion in 2019 to $433.6 billion by 2030, at a 12.6% CAGR between 2020 and 2030. Most people associate cyber security with a simple antivirus, but it is a lot more than that, encompassing application, enterprise, endpoint, network, database, cloud, email, and information security. Among these, the demand for enterprise security solutions is the highest, as organizations are becoming aware about keeping their entire IT infrastructure safe from cyber miscreants. In the coming years though, the requirement for cloud security solutions is expected to rise the fastest, on account of the burgeoning usage of cloud computing. Cloud allows companies to minimize their IT infrastructure requirement, access the data from anywhere, at any time, and scale up and down the storage capacity as per usage. The 2020 State of the Cloud Report says that by 2023, around $500 billion will be publicly spent on cloud around the world. In 2019, McAfee had said that in any company, around 9% of the cloud applications in use are highly vulnerable to cyberattacks. The cyber security market, under segmentation by use case, is categorized into incident response, security monitoring, threat hunting, network traffic analysis, data exfiltration, and others. Among these, the security monitoring category dominated the industry during the historical period (2014-2019), because of the increasing need to monitor and track events and analyze threats in real time. During the forecast period, the highest CAGR is expected in the threat hunting category, with users becoming more aware on studying persistent threats and responding to them quickly. Using cybersecurity solutions for threat hunting results in quicker threat and response management system (TRMS) operation, reduced inspection time, proactive specific threat identification, early threat detection, thereby helping secure the network infrastructure, and information analysis by actionable intelligence resources. In an article published in October 2019, CNBC says, "Cyberattacks now cost companies $200,000 on average, putting many out of business." Therefore, it is essential to catch the attack as it happens, so that it can be quickly thwarted and losses can be avoided. Apart from the increasing cyberattack incidence, another key driver for the cyber security market is the stringent compliance regulations in numerous countries. To encourage companies to take steps for safeguarding their reputation and avoid losses and protect customers' confidential data, several acts mandating a robust cybersecurity infrastructure have been passed. Examples of these laws are the 2018 California Consumer Privacy Act (CCPA), 1999 Gramm-Leach-Bliley Act, 1996 Health Insurance Portability and Accountability Act (HIPAA), Federal Information Security Management Act (FISMA), 2002 Homeland Security Act, General Data Protection Union (GDPR), and Payment Card Industry Data Security Standard (PCI DSS). Presently, North American people are the most significant users of cybersecurity solutions, due to the wide usage of data analysis tools, increasing number of data centers, rapid adoption of cloud computing, fast-paced digitization, high download rate of mobile applications, and rising usage of electronic health records (EHRs). In the immediate future, the demand for cybersecurity solutions is expected to boom in Asia-Pacific (APAC), due to the increasing awarenes about thwarting cyberattacks, rising adoption of data encryption and protection solutions, growing penetration of mobile internet, and government support. Hence, as losses due to cyberattacks increase, so will the integration of cybersecurity solutions, not only by companies, but also by individuals. Key Topics Covered: Chapter 1. Research Background 1.1 Research Objectives 1.2 Market Definition 1.3 Research Scope 1.3.1 Market Segmentation by Component 1.3.2 Market Segmentation by Security Type 1.3.3 Market Segmentation by Deployment 1.3.4 Market Segmentation by Enterprise 1.3.5 Market Segmentation by Use Case 1.3.6 Market Segmentation by Industry 1.3.7 Market Segmentation by Region 1.3.8 Analysis Period 1.3.9 Market Data Reporting Unit 1.3.9.1 Value 1.4 Key Stakeholders Chapter 2. Research Methodology 2.1 Secondary Research 2.1.1 Paid 2.1.2 Unpaid 2.2 Primary Research 2.2.1 Breakdown of Primary Research Respondents 2.2.1.1 By region 2.2.1.2 By industry participant 2.2.1.3 By company type 2.3 Market Size Estimation 2.4 Data Triangulation 2.5 Currency Conversion Rates 2.6 Assumptions for the Study Chapter 3. Executive Summary 3.1 Voice of Industry Experts/KOLs Chapter 4. Introduction 4.1 Definition of Market Segments 4.1.1 By Component 4.1.1.1 Solutions 4.1.1.1.1 Risk & compliance management 4.1.1.1.2 IAM 4.1.1.1.3 Firewall 4.1.1.1.4 SVM 4.1.1.1.5 Encryption 4.1.1.1.6 IDS/IPS 4.1.1.1.7 UTM 4.1.1.1.8 DDoS attack 4.1.1.1.9 Antivirus 4.1.1.1.10 DLP 4.1.1.1.11 Others 4.1.1.2 Services 4.1.1.2.1 Managed 4.1.1.2.2 Professional 4.1.1.2.3 Design and integration 4.1.1.2.4 Risk and threat management 4.1.1.2.5 Training and education 4.1.1.2.6 Support and maintenance 4.1.1.2.7 Consulting 4.1.2 By Security Type 4.1.2.1 Application 4.1.2.2 Network 4.1.2.3 Endpoint 4.1.2.4 Cloud 4.1.2.5 Enterprise 4.1.2.6 Others 4.1.3 By Deployment 4.1.3.1 On-premises 4.1.3.2 Cloud 4.1.4 By Enterprise 4.1.4.1 Large enterprises 4.1.4.2 SMEs 4.1.5 By Use Case 4.1.5.1 Security monitoring 4.1.5.2 Network traffic analysis 4.1.5.3 Threat hunting 4.1.5.4 Incident response 4.1.5.5 Data exfiltration 4.1.5.6 Others 4.1.6 By Industry 4.1.6.1 Aerospace & defense 4.1.6.2 Government 4.1.6.3 BFSI 4.1.6.4 IT & telecom 4.1.6.5 Healthcare 4.1.6.6 Retail 4.1.6.7 Manufacturing 4.1.6.8 Others 4.2 Value Chain Analysis 4.3 Market Dynamics 4.3.1 Trends 4.3.1.1 Increasing preference for bring your own device (BYOD) 4.3.1.2 Rise in number of mergers & acquisitions in the market 4.3.2 Drivers 4.3.2.1 Increasing number of data breaches 4.3.2.2 Rising usage of mobile devices 4.3.2.3 Stringent government regulations for data privacy 4.3.2.4 Impact analysis of drivers on market forecast 4.3.3 Restraints 4.3.3.1 Lack of awareness for cyber security among SMEs 4.3.3.2 Restricted budget for cyber security 4.3.3.3 Impact analysis of restraints on market forecast 4.3.4 Opportunities 4.3.4.1 Increasing adoption of cyber security solutions by healthcare industry 4.4 Impact of COVID-19 on Cyber Security Market 4.4.1 Current scenario 4.4.2 COVID-19 scenario 4.4.3 Future scenario 4.5 Porter's Five Forces Analysis 4.5.1 Bargaining Power of Buyers 4.5.2 Bargaining Power of Suppliers 4.5.3 Intensity of Rivalry 4.5.4 Threat of New Entrants 4.5.5 Threat of Substitutes Chapter 5. Global Market Size and Forecast 5.1 By Component 5.1.1 Solutions, by Type 5.1.2 Services, by Type 5.2 By Enterprise 5.3 By Deployment 5.4 By Security Type 5.5 By Use Case 5.6 By Industry 5.7 By Region Chapter 6. North America Market Size and Forecast 6.1 By Component 6.1.1 Solutions, by Type 6.1.2 Services, by Type 6.2 By Enterprise 6.3 By Deployment 6.4 By Security Type 6.5 By Use Case 6.6 By Industry 6.7 By Country Chapter 7. Europe Market Size and Forecast 7.1 By Component 7.1.1 Solutions, by Type 7.1.2 Services, by Type 7.2 By Enterprise 7.3 By Deployment 7.4 By Security Type 7.5 By Use Case 7.6 By Industry 7.7 By Country Chapter 8. APAC Market Size and Forecast 8.1 By Component 8.1.1 Solutions, by Type 8.1.2 Services, by Type 8.2 By Enterprise 8.3 By Deployment 8.4 By Security Type 8.5 By Use Case 8.6 By Industry 8.7 By Country Chapter 9. LATAM Market Size and Forecast 9.1 By Component 9.1.1 Solutions, by Type 9.1.2 Services, by Type 9.2 By Enterprise 9.3 By Deployment 9.4 By Security Type 9.5 By Use Case 9.6 By Industry 9.7 By Country Chapter 10. MEA Market Size and Forecast 10.1 By Component 10.1.1 Solutions, by Type 10.1.2 Services, by Type 10.2 By Enterprise 10.3 By Deployment 10.4 By Security Type 10.5 By Use Case 10.6 By Industry 10.7 By Country Chapter 11. Major Countries 11.1 U.S. Market Revenue, By Use Case 11.2 U.S. Market Revenue, By Industry 11.3 U.K. Market Revenue, By Use Case 11.4 U.K. Market Revenue, By Industry 11.5 Germany Market Revenue, By Use Case 11.6 Germany Market Revenue, By Industry 11.7 China Market Revenue, By Use Case 11.8 China Market Revenue, By Industry 11.9 India Market Revenue, By Use Case 11.10 India Market Revenue, By Industry Chapter 12. Competitive Landscape 12.1 List of Players and Their Offerings 12.2 Market Share Analysis of Key Players 12.3 Benchmarking Analysis of Key Players 12.4 Strategic Developments in the Market 12.4.1 Mergers & Acquisitions 12.4.2 Product Launches 12.4.3 Partnerships 12.4.4 Facility Expansions Chapter 13. Company Profiles 13.1 Cisco Systems Inc. 13.1.1 Business Overview 13.1.2 Product and Service Offerings 13.1.3 Key Financial Summary 13.2 Check Point Software Technologies Ltd. 13.2.1 Business Overview 13.2.2 Product and Service Offerings 13.2.3 Key Financial Summary 13.3 Fortinet Inc. 13.3.1 Business Overview 13.3.2 Product and Service Offerings 13.3.3 Key Financial Summary 13.4 Juniper Networks Inc. 13.4.1 Business Overview 13.4.2 Product and Service Offerings 13.4.3 Key Financial Summary 13.5 Palo Alto Networks Inc. 13.5.1 Business Overview 13.5.2 Product and Service Offerings 13.5.3 Key Financial Summary 13.6 FireEye Inc. 13.6.1 Business Overview 13.6.2 Product and Service Offerings 13.6.3 Key Financial Summary 13.7 IBM Corporation 13.7.1 Business Overview 13.7.2 Product and Service Offerings 13.7.3 Key Financial Summary 13.8 McAfee LLC 13.8.1 Business Overview 13.8.2 Product and Service Offerings 13.9 Broadcom Inc. 13.9.1 Business Overview 13.9.2 Product and Service Offerings 13.9.3 Key Financial Summary 13.10 Trend Micro Incorporated 13.10.1 Business Overview 13.10.2 Product and Service Offerings 13.10.3 Key Financial Summary Chapter 14. Appendix 14.1 Abbreviations 14.2 Sources and References 14.3 Related Reports For more information about this report visit https://www.researchandmarkets.com/r/mn6v19 Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research. Media Contact: Research and Markets
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