New York, According to a new market research report published by Global Insight Services “Cyber Security Market” is expected to reach US$ XX bn by 2031. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.
Cyber security, also known as information technology security, refers to the body of technologies, processes and practices designed to protect electronic information from unauthorized access. Cyber security includes both hardware and software technologies, as well as policies and procedures to safeguard electronic data from attack, damage or unauthorized access.
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Key Trends
The Cyber Security market is constantly evolving as new threats and vulnerabilities arise. Here are some of the key trends in the Cyber Security market:
1. The rise of AI and machine learning: Artificial intelligence (AI) and machine learning are being increasingly used to help organizations detect and respond to cyber threats. These technologies can help organizations to automatically identify and block malicious activity, and to quickly respond to incidents.
2. The growth of cloud computing: Cloud computing is becoming increasingly popular as it offers organizations a flexible and scalable way to store and access data. However, the use of cloud services also introduces new security risks, as data is often stored in remote and shared environments.
3. The increasing use of mobile devices: Mobile devices are now used for a wide range of activities, from work to personal use. This increase in usage has led to a rise in mobile security threats, as criminals target these devices to gain access to sensitive data.
Key Drivers
The cyber security market is driven by a number of factors, including the increasing number of cyber-attacks, the growing number of internet users, and the increasing dependency on internet-connected devices.
The number of cyber-attacks has been increasing steadily over the past few years. This is due to the growing number of internet users and the increasing dependency on internet-connected devices. Cyber-attacks can lead to the theft of sensitive information, the destruction of data, and the disruption of business operations.
The number of internet users is also growing. This is due to the increasing adoption of internet-connected devices, such as smartphones and tablets. The number of internet users is expected to grow from 2.7 billion in 2014 to 3.5 billion in 2019.
The increasing dependency on internet-connected devices is also a driver of the cyber security market. These devices are often used to store sensitive information, such as banking information and passwords. If these devices are compromised, the sensitive information they contain can be accessed by attackers.
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Market Segments
By Component
- Hardware
- Software
- Services
By Security Type
- Endpoint Security
- Cloud Security
- Network Security
- Application Security
- Infrastructure Protection
Key Players
- Symantec
- McAfee
- Kaspersky Lab
- Juniper Networks
- Palo Alto Networks
- Check Point
- FireEye
- F-Secure
- SonicWALL
- Webroot
- Fortinet
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Reasons to buy Cyber Security Market Report:
• Develop comprehensive understanding of market landscape – industry structure, value-chain, key players, trends, drivers, and challenges
• Drive revenue and market-entry strategy by gaining insights into which segments and geographies are largest and likely to grow fastest
• Formulate sales and marketing strategies by gaining understanding of competitors, their positioning, and strengths & weaknesses
• Develop business and M&A strategies through understanding of latest trends and emerging players in the market
• Refine your business plans by understanding impact of disruptions such as Covid-19 and Russia-Ukraine conflict on the market
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