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.
The goal of cyber security is to protect information from unauthorized access, use, disclosure, interception or destruction. Cyber security technologies can be divided into three categories:
Covid 19 Impact
The pandemic has caused a major shift in the way businesses operate, with more employees working remotely than ever before. This has had a profound impact on the cybersecurity industry, as organizations have had to adapt their security strategies to protect their remote workforce. The increased use of remote working tools and cloud-based applications has created new opportunities for cyber criminals, who have been quick to exploit the pandemic for their own gain. Phishing attacks targeting remote workers have surged, and there has been a sharp increase in the number of ransomware attacks targeting businesses. The pandemic has also highlighted the importance of having a robust cybersecurity strategy in place, as businesses have been forced to rely on their digital infrastructure to keep operations running.
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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.
4. The increasing use of IoT devices: The Internet of Things (IoT) is growing in popularity, as more and more devices are connected to the internet. However, this increase in connectivity also introduces new security risks, as IoT devices can be used to gain access to sensitive data.
5. The rise of cyber-attacks: Cyber-attacks are becoming increasingly common, as criminals target organizations in order to gain access to sensitive data. As a result, organizations need to be aware of the risks and put in place appropriate security measures.
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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.
Market Segments
By Component
- Hardware
- Software
- Services
By Security Type
- Endpoint Security
- Cloud Security
- Network Security
- Application Security
- Infrastructure Protection
- Data Security
- Others
By Services
- Professional Services
- Managed Services
By Deployment
- Cloud-based
- On-premises
By Organization Size
- SMEs
- Large Enterprises
By Application
- IT & Telecom
- Retail
- BFSI
- Healthcare
- Defense/Government
- Manufacturing
- Energy
- Others
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Key Players
- Symantec
- McAfee
- Kaspersky Lab
- Juniper Networks
- Palo Alto Networks
- Check Point
- FireEye
- F-Secure
- SonicWALL
- Webroot
- Fortinet
- Blue Coat Systems
- Sophos
- Trustwave
- eSentire
- Proofpoint
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