Cyber Security Market Is Estimated to Reach $16.31 Billion by 2025

According to the report published by IndustryARC titled “Cyber Security Market: by Solution (Identity and Access Management (IAM), risk and compliance management, Others); by Service (Professional Service, Managed Services), by Security Type (Network Security, Endpoint Security, Application Security, Others), by Mode (On-Premises, Cloud), by Organization Size (Small and Medium-Sized Enterprises, Large Enterprises), by Industry Verticals (Aerospace and Defense, Government, Healthcare, Others)  – Forecast (2019 – 2025),” the market to reach $16.31 billion by 2025.

Browse 87 Market Tables, and 35 Figures spread through 188 Pages and go through an in-depth TOC on “Cyber Security Market”

According to a recent study from IndustryARC, the cyber security market is forecast to reach $16.31 billion by 2025 and is estimated to grow at a CAGR of 14.16% during the period 2019-2025. The growth in the cyber security market can be attributed to the increasing investments by the enterprises to secure their financial data, personal information or other confidential data.

The cyber security market is all set to exhibit robust development with a broad range of applications introduced in aerospace, and healthcare industry. The Aerospace industry is estimated to have a major share during the forecast period which accounts to be more than 29% by 2025. Cyber-attacks in the aerospace industry is usually observed in navigation and guidance systems and effects of such an attack are irrevocable. A similar effect is observed in defense agencies as well and to overcome this, both the industries are focusing on protecting their computer networks by investing more in infrastructure security which involves cybersecurity. The increasing investments in infrastructure security will drive the cyber security market in the future.

North America held nearly 40% of the market share in the year 2018. North American region is the most vulnerable to cybercrimes owing to the prevalent use of technology and data. However, financial stability in the region allows organizations to invest in cybersecurity for the security of data and software. Furthermore, the current government has also invested in cybersecurity with its own cybersecurity defense agency in November 2018. These factors are collectively responsible for the growing cyber security market size in North America.

Cyber security solution developers are focusing on acquiring other companies for expanding their cybersecurity portfolio. In October 2018, Bitdefender acquired behavioral and network security analytics organization RedSocks for an undisclosed amount. The acquisition attributes to Bitdefender’s goal to expand its cybersecurity portfolio. 

The overall cyber security market is also presented from the perspective of different geographic regions and the key countries for this industry.  Competitive landscape for each of the product types is highlighted and market players are profiled.