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Product Security & IT Security Assessment Market - By Security Type , By Assessment type , By Deployment , By Organization Size , By Application , By Geography - Global Opportunity Analysis & Industry Forecast, 2024 - 2030
Product Security & IT Security Assessment Market Overview
The market for Product Security & IT Security Assessment Market Size is forecast to reach $ 25,545.14 Million by 2030, at a CAGR of 7.80% during forecast period 2024-2030. As stated by INTERPOL, in a 2019 annual report, cybercrime is the fastest growing crime in the world at 9% Year-over-Year. Now, this has made cybersecurity an indispensable need of the hour in businesses, government bodies, and the financial sector. Its deployment has been driven remotely by everything that utilizes data, thereby significantly contributing to the adoption of product and payment card security and IT security assessment. Along with the telecom sector, the aerospace industry is considered to be another key end-users to the security test and managed security services market. The aerospace and defense industry is prone to cyber-attack due to its continuous exposure to non-A&D, OT-based technologies. Thus, this industry is adopting advanced cybersecurity solutions including network assessment and IT Security certifications to enhance protection against cybercrime. The rising need for solutions ranging from antivirus software, unified threat management system, next-generation firewalls, DNS filtering, malware protection and threat intelligence will drive the demand for cyber security.
Report Coverage
Key Takeaways
- North America has dominated the market share in 2020, however APAC is analysed to grow at highest rate during the forecast period owing to the adoption of product security & it security assessment due to increasing cyber-attacks.
- BFSI sector is analysed to hold highest market share in 2020 owing to the high cyber-attacks reported in the sector.
- The increasing trend of bring your down device in various organizations is analysed to be the key driving factor for the market.
Global Product Security & IT Security Assessment Market, By Region, 2020
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Product Security & IT Security Assessment Market Segment Analysis – By Organization Size
Small and medium scale organizations are analysed to hold highest market share in 2020 at 54.1% owing to the high adoption rate in the market. As stated by World Bank, SMEs account for the majority of businesses worldwide and are important contributors to job creation and global economic development. They represent about 90% of businesses and more than 50% of employment worldwide. Alongside this, the significant adoption cloud technologies is set to boost the market growth rate.
Product Security & IT Security Assessment Market Segment Analysis – By Application:
BFSI is analysed to be the hold highest market share in 2020 at 16.9%, followed by the retail sector. The gradual shift of deploying cloud models for data storage in banks is certainly contributing to the increasing adoption of cloud models. However, cloud storage brought additional security concerns for which the banks rely on the hybrid model for data management. While the hybrid model is considered to be safe, the increasing use of fingerprint and one-time-password based login system, banks are facing many cyber-attacks and threats.
Product Security & IT Security Assessment Market Segment Analysis – By Geography
North America is analysed to be the dominant region in 2020 at 36.5%, followed by APAC and Europe. This is mainly attributed to the high adoption of the advanced technologies and the low-cost sensitivity in the region for product security & IT security assessment in majority of the firms. As stated by Norton, the US is estimated to account for more than half of all data breaches globally by 2023. As stated by the government of India more than 50% of the organizations have encountered a cyber-attack and are affected by them. Therefore the growing need for the deployment of the product security and IT security assessment is analysed to further escalate the market growth rate during the forecast period 2024-2030.
Product Security & IT Security Assessment Market Drivers
Increasing Cyber-attacks and threats
Increasing Trend of BYOD:
Product Security & IT Security Assessment Market Challenges
Lack of awareness about the threats
Many firms and employees are unaware of the cyber threats. Only 1 in 3 employees believe not securing their laptops provides a IT threat. Similarly, 43% of employees believe that clicking a suspicious link or email attachment can be a security threat. Hence the attacks are significantly rising thereby hindering the market growth rate. The growing demand for advanced security systems due to the block chain revolution, IIoT threats, and AI wave are some challenges faced by the vendors in the cyber security market. Furthermore, ransomware attacks are growing at a rapid rate which is again becoming a major challenge to the cybersecurity ventures.
Product Security & IT Security Assessment Market Landscape
Product launches, acquisitions, and R&D activities are key strategies adopted by players in the Product Security & IT Security Assessment market. Product Security & IT Security Assessment driver market is expected to be dominated by major companies such as CA Technologies, Cisco Systems, Fujitsu, Fortinet, Hitachi, HP, IBM, Juniper Networks, McAfee, Microsoft, NEC, Symantec, Trend Micro, and Websense among others.
Acquisitions/Technology Launches/Partnerships
- In September 2019, HP acquired Bromium, a start-up that provides security from cyber-attacks including browser-based attacks, compromised downloads, infected emails and others by shield the network endpoints.
Key Market Players:
The Top 5 companies in the Product Security & IT Security Assessment Market are:
- Cisco Systems
- Fujitsu
- Fortinet
- Hitachi
- Juniper Networks
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List of Tables:
Table 1: Product Security & IT Security Assessment Study Overview 2023-2030
Table 2: Product Security & IT Security Assessment Study Leader Analysis 2023-2030 (US$)
Table 3: Product Security & IT Security Assessment Study Product Analysis 2023-2030 (US$)
Table 4: Product Security & IT Security Assessment Study End User Analysis 2023-2030 (US$)
Table 5: Product Security & IT Security Assessment Study Patent Analysis 2013-2023* (US$)
Table 6: Product Security & IT Security Assessment Study Financial Analysis 2023-2030 (US$)
Table 7: Product Security & IT Security Assessment Study Driver Analysis 2023-2030 (US$)
Table 8: Product Security & IT Security Assessment Study Challenges Analysis 2023-2030 (US$)
Table 9: Product Security & IT Security Assessment Study Constraint Analysis 2023-2030 (US$)
Table 10: Product Security & IT Security Assessment Study Supplier Bargaining Power Analysis 2023-2030 (US$)
Table 11: Product Security & IT Security Assessment Study Buyer Bargaining Power Analysis 2023-2030 (US$)
Table 12: Product Security & IT Security Assessment Study Threat of Substitutes Analysis 2023-2030 (US$)
Table 13: Product Security & IT Security Assessment Study Threat of New Entrants Analysis 2023-2030 (US$)
Table 14: Product Security & IT Security Assessment Study Degree of Competition Analysis 2023-2030 (US$)
Table 15: Product Security & IT Security Assessment Study Value Chain Analysis 2023-2030 (US$)
Table 16: Product Security & IT Security Assessment Study Pricing Analysis 2023-2030 (US$)
Table 17: Product Security & IT Security Assessment Study Opportunities Analysis 2023-2030 (US$)
Table 18: Product Security & IT Security Assessment Study Product Life Cycle Analysis 2023-2030 (US$)
Table 19: Product Security & IT Security Assessment Study Supplier Analysis 2023-2030 (US$)
Table 20: Product Security & IT Security Assessment Study Distributor Analysis 2023-2030 (US$)
Table 21: Product Security & IT Security Assessment Study Trend Analysis 2023-2030 (US$)
Table 22: Product Security & IT Security Assessment Study Size 2023 (US$)
Table 23: Product Security & IT Security Assessment Study Forecast Analysis 2023-2030 (US$)
Table 24: Product Security & IT Security Assessment Study Sales Forecast Analysis 2023-2030 (Units)
Table 25: Top Companies 2023 (US$) Product Security & IT Security Assessment Study, Revenue & Volume
Table 26: Product Launch 2023-2030 Product Security & IT Security Assessment Study, Revenue & Volume
Table 27: Mergers & Acquistions 2023-2030 Product Security & IT Security Assessment Study, Revenue & Volume
List of Figures:
Figure 1: Overview of Product Security & IT Security Assessment Study 2023-2030
Figure 2: Market Share Analysis for Product Security & IT Security Assessment Study 2023 (US$)
Figure 3: Product Comparison in Product Security & IT Security Assessment Study 2023-2030 (US$)
Figure 4: End User Profile for Product Security & IT Security Assessment Study 2023-2030 (US$)
Figure 5: Patent Application and Grant in Product Security & IT Security Assessment Study 2013-2023* (US$)
Figure 6: Top 5 Companies Financial Analysis in Product Security & IT Security Assessment Study 2023-2030 (US$)
Figure 7: Market Entry Strategy in Product Security & IT Security Assessment Study 2023-2030
Figure 8: Ecosystem Analysis in Product Security & IT Security Assessment Study 2023
Figure 9: Average Selling Price in Product Security & IT Security Assessment Study 2023-2030
Figure 10: Top Opportunites in Product Security & IT Security Assessment Study 2023-2030
Figure 11: Market Life Cycle Analysis in Product Security & IT Security Assessment Study
Figure 12: Global Product Security & IT Security Assessment Study - By Geography
Figure 13: Global Product Security & IT Security Assessment Study Value & Volume, By Geography, 2023-2030 ($)
Figure 14: Global Product Security & IT Security Assessment Study CAGR, By Geography, 2023-2030 (%)
Figure 15: North America Product Security & IT Security Assessment Study Value & Volume, 2023-2030 ($)
Figure 16: US Product Security & IT Security Assessment Study Value & Volume, 2023-2030 ($)
Figure 17: US GDP and Population, 2023-2030 ($)
Figure 18: US GDP – Composition of 2023, By Sector of Origin
Figure 19: US Export and Import Value & Volume, 2023-2030 ($)
Figure 20: Canada Product Security & IT Security Assessment Study Value & Volume, 2023-2030 ($)
Figure 21: Canada GDP and Population, 2023-2030 ($)
Figure 22: Canada GDP – Composition of 2023, By Sector of Origin
Figure 23: Canada Export and Import Value & Volume, 2023-2030 ($)
Figure 24: Mexico Product Security & IT Security Assessment Study Value & Volume, 2023-2030 ($)
Figure 25: Mexico GDP and Population, 2023-2030 ($)
Figure 26: Mexico GDP – Composition of 2023, By Sector of Origin
Figure 27: Mexico Export and Import Value & Volume, 2023-2030 ($)
Figure 28: South America Product Security & IT Security Assessment Study Value & Volume, 2023-2030 ($)
Figure 29: Brazil Product Security & IT Security Assessment Study Value & Volume, 2023-2030 ($)
Figure 30: Brazil GDP and Population, 2023-2030 ($)
Figure 31: Brazil GDP – Composition of 2023, By Sector of Origin
Figure 32: Brazil Export and Import Value & Volume, 2023-2030 ($)
Figure 33: Venezuela Product Security & IT Security Assessment Study Value & Volume, 2023-2030 ($)
Figure 34: Venezuela GDP and Population, 2023-2030 ($)
Figure 35: Venezuela GDP – Composition of 2023, By Sector of Origin
Figure 36: Venezuela Export and Import Value & Volume, 2023-2030 ($)
Figure 37: Argentina Product Security & IT Security Assessment Study Value & Volume, 2023-2030 ($)
Figure 38: Argentina GDP and Population, 2023-2030 ($)
Figure 39: Argentina GDP – Composition of 2023, By Sector of Origin
Figure 40: Argentina Export and Import Value & Volume, 2023-2030 ($)
Figure 41: Ecuador Product Security & IT Security Assessment Study Value & Volume, 2023-2030 ($)
Figure 42: Ecuador GDP and Population, 2023-2030 ($)
Figure 43: Ecuador GDP – Composition of 2023, By Sector of Origin
Figure 44: Ecuador Export and Import Value & Volume, 2023-2030 ($)
Figure 45: Peru Product Security & IT Security Assessment Study Value & Volume, 2023-2030 ($)
Figure 46: Peru GDP and Population, 2023-2030 ($)
Figure 47: Peru GDP – Composition of 2023, By Sector of Origin
Figure 48: Peru Export and Import Value & Volume, 2023-2030 ($)
Figure 49: Colombia Product Security & IT Security Assessment Study Value & Volume, 2023-2030 ($)
Figure 50: Colombia GDP and Population, 2023-2030 ($)
Figure 51: Colombia GDP – Composition of 2023, By Sector of Origin
Figure 52: Colombia Export and Import Value & Volume, 2023-2030 ($)
Figure 53: Costa Rica Product Security & IT Security Assessment Study Value & Volume, 2023-2030 ($)
Figure 54: Costa Rica GDP and Population, 2023-2030 ($)
Figure 55: Costa Rica GDP – Composition of 2023, By Sector of Origin
Figure 56: Costa Rica Export and Import Value & Volume, 2023-2030 ($)
Figure 57: Europe Product Security & IT Security Assessment Study Value & Volume, 2023-2030 ($)
Figure 58: U.K Product Security & IT Security Assessment Study Value & Volume, 2023-2030 ($)
Figure 59: U.K GDP and Population, 2023-2030 ($)
Figure 60: U.K GDP – Composition of 2023, By Sector of Origin
Figure 61: U.K Export and Import Value & Volume, 2023-2030 ($)
Figure 62: Germany Product Security & IT Security Assessment Study Value & Volume, 2023-2030 ($)
Figure 63: Germany GDP and Population, 2023-2030 ($)
Figure 64: Germany GDP – Composition of 2023, By Sector of Origin
Figure 65: Germany Export and Import Value & Volume, 2023-2030 ($)
Figure 66: Italy Product Security & IT Security Assessment Study Value & Volume, 2023-2030 ($)
Figure 67: Italy GDP and Population, 2023-2030 ($)
Figure 68: Italy GDP – Composition of 2023, By Sector of Origin
Figure 69: Italy Export and Import Value & Volume, 2023-2030 ($)
Figure 70: France Product Security & IT Security Assessment Study Value & Volume, 2023-2030 ($)
Figure 71: France GDP and Population, 2023-2030 ($)
Figure 72: France GDP – Composition of 2023, By Sector of Origin
Figure 73: France Export and Import Value & Volume, 2023-2030 ($)
Figure 74: Netherlands Product Security & IT Security Assessment Study Value & Volume, 2023-2030 ($)
Figure 75: Netherlands GDP and Population, 2023-2030 ($)
Figure 76: Netherlands GDP – Composition of 2023, By Sector of Origin
Figure 77: Netherlands Export and Import Value & Volume, 2023-2030 ($)
Figure 78: Belgium Product Security & IT Security Assessment Study Value & Volume, 2023-2030 ($)
Figure 79: Belgium GDP and Population, 2023-2030 ($)
Figure 80: Belgium GDP – Composition of 2023, By Sector of Origin
Figure 81: Belgium Export and Import Value & Volume, 2023-2030 ($)
Figure 82: Spain Product Security & IT Security Assessment Study Value & Volume, 2023-2030 ($)
Figure 83: Spain GDP and Population, 2023-2030 ($)
Figure 84: Spain GDP – Composition of 2023, By Sector of Origin
Figure 85: Spain Export and Import Value & Volume, 2023-2030 ($)
Figure 86: Denmark Product Security & IT Security Assessment Study Value & Volume, 2023-2030 ($)
Figure 87: Denmark GDP and Population, 2023-2030 ($)
Figure 88: Denmark GDP – Composition of 2023, By Sector of Origin
Figure 89: Denmark Export and Import Value & Volume, 2023-2030 ($)
Figure 90: APAC Product Security & IT Security Assessment Study Value & Volume, 2023-2030 ($)
Figure 91: China Product Security & IT Security Assessment Study Value & Volume, 2023-2030
Figure 92: China GDP and Population, 2023-2030 ($)
Figure 93: China GDP – Composition of 2023, By Sector of Origin
Figure 94: China Export and Import Value & Volume, 2023-2030 ($) Product Security & IT Security Assessment Study China Export and Import Value & Volume, 2023-2030 ($)
Figure 95: Australia Product Security & IT Security Assessment Study Value & Volume, 2023-2030 ($)
Figure 96: Australia GDP and Population, 2023-2030 ($)
Figure 97: Australia GDP – Composition of 2023, By Sector of Origin
Figure 98: Australia Export and Import Value & Volume, 2023-2030 ($)
Figure 99: South Korea Product Security & IT Security Assessment Study Value & Volume, 2023-2030 ($)
Figure 100: South Korea GDP and Population, 2023-2030 ($)
Figure 101: South Korea GDP – Composition of 2023, By Sector of Origin
Figure 102: South Korea Export and Import Value & Volume, 2023-2030 ($)
Figure 103: India Product Security & IT Security Assessment Study Value & Volume, 2023-2030 ($)
Figure 104: India GDP and Population, 2023-2030 ($)
Figure 105: India GDP – Composition of 2023, By Sector of Origin
Figure 106: India Export and Import Value & Volume, 2023-2030 ($)
Figure 107: Taiwan Product Security & IT Security Assessment Study Value & Volume, 2023-2030 ($)
Figure 108: Taiwan GDP and Population, 2023-2030 ($)
Figure 109: Taiwan GDP – Composition of 2023, By Sector of Origin
Figure 110: Taiwan Export and Import Value & Volume, 2023-2030 ($)
Figure 111: Malaysia Product Security & IT Security Assessment Study Value & Volume, 2023-2030 ($)
Figure 112: Malaysia GDP and Population, 2023-2030 ($)
Figure 113: Malaysia GDP – Composition of 2023, By Sector of Origin
Figure 114: Malaysia Export and Import Value & Volume, 2023-2030 ($)
Figure 115: Hong Kong Product Security & IT Security Assessment Study Value & Volume, 2023-2030 ($)
Figure 116: Hong Kong GDP and Population, 2023-2030 ($)
Figure 117: Hong Kong GDP – Composition of 2023, By Sector of Origin
Figure 118: Hong Kong Export and Import Value & Volume, 2023-2030 ($)
Figure 119: Middle East & Africa Product Security & IT Security Assessment Study Middle East & Africa 3D Printing Market Value & Volume, 2023-2030 ($)
Figure 120: Russia Product Security & IT Security Assessment Study Value & Volume, 2023-2030 ($)
Figure 121: Russia GDP and Population, 2023-2030 ($)
Figure 122: Russia GDP – Composition of 2023, By Sector of Origin
Figure 123: Russia Export and Import Value & Volume, 2023-2030 ($)
Figure 124: Israel Product Security & IT Security Assessment Study Value & Volume, 2023-2030 ($)
Figure 125: Israel GDP and Population, 2023-2030 ($)
Figure 126: Israel GDP – Composition of 2023, By Sector of Origin
Figure 127: Israel Export and Import Value & Volume, 2023-2030 ($)
Figure 128: Entropy Share, By Strategies, 2023-2030* (%) Product Security & IT Security Assessment Study
Figure 129: Developments, 2023-2030* Product Security & IT Security Assessment Study
Figure 130: Company 1 Product Security & IT Security Assessment Study Net Revenue, By Years, 2023-2030* ($)
Figure 131: Company 1 Product Security & IT Security Assessment Study Net Revenue Share, By Business segments, 2023 (%)
Figure 132: Company 1 Product Security & IT Security Assessment Study Net Sales Share, By Geography, 2023 (%)
Figure 133: Company 2 Product Security & IT Security Assessment Study Net Revenue, By Years, 2023-2030* ($)
Figure 134: Company 2 Product Security & IT Security Assessment Study Net Revenue Share, By Business segments, 2023 (%)
Figure 135: Company 2 Product Security & IT Security Assessment Study Net Sales Share, By Geography, 2023 (%)
Figure 136: Company 3 Product Security & IT Security Assessment Study Net Revenue, By Years, 2023-2030* ($)
Figure 137: Company 3 Product Security & IT Security Assessment Study Net Revenue Share, By Business segments, 2023 (%)
Figure 138: Company 3 Product Security & IT Security Assessment Study Net Sales Share, By Geography, 2023 (%)
Figure 139: Company 4 Product Security & IT Security Assessment Study Net Revenue, By Years, 2023-2030* ($)
Figure 140: Company 4 Product Security & IT Security Assessment Study Net Revenue Share, By Business segments, 2023 (%)
Figure 141: Company 4 Product Security & IT Security Assessment Study Net Sales Share, By Geography, 2023 (%)
Figure 142: Company 5 Product Security & IT Security Assessment Study Net Revenue, By Years, 2023-2030* ($)
Figure 143: Company 5 Product Security & IT Security Assessment Study Net Revenue Share, By Business segments, 2023 (%)
Figure 144: Company 5 Product Security & IT Security Assessment Study Net Sales Share, By Geography, 2023 (%)
Figure 145: Company 6 Product Security & IT Security Assessment Study Net Revenue, By Years, 2023-2030* ($)
Figure 146: Company 6 Product Security & IT Security Assessment Study Net Revenue Share, By Business segments, 2023 (%)
Figure 147: Company 6 Product Security & IT Security Assessment Study Net Sales Share, By Geography, 2023 (%)
Figure 148: Company 7 Product Security & IT Security Assessment Study Net Revenue, By Years, 2023-2030* ($)
Figure 149: Company 7 Product Security & IT Security Assessment Study Net Revenue Share, By Business segments, 2023 (%)
Figure 150: Company 7 Product Security & IT Security Assessment Study Net Sales Share, By Geography, 2023 (%)
Figure 151: Company 8 Product Security & IT Security Assessment Study Net Revenue, By Years, 2023-2030* ($)
Figure 152: Company 8 Product Security & IT Security Assessment Study Net Revenue Share, By Business segments, 2023 (%)
Figure 153: Company 8 Product Security & IT Security Assessment Study Net Sales Share, By Geography, 2023 (%)
Figure 154: Company 9 Product Security & IT Security Assessment Study Net Revenue, By Years, 2023-2030* ($)
Figure 155: Company 9 Product Security & IT Security Assessment Study Net Revenue Share, By Business segments, 2023 (%)
Figure 156: Company 9 Product Security & IT Security Assessment Study Net Sales Share, By Geography, 2023 (%)
Figure 157: Company 10 Product Security & IT Security Assessment Study Net Revenue, By Years, 2023-2030* ($)
Figure 158: Company 10 Product Security & IT Security Assessment Study Net Revenue Share, By Business segments, 2023 (%)
Figure 159: Company 10 Product Security & IT Security Assessment Study Net Sales Share, By Geography, 2023 (%)
Figure 160: Company 11 Product Security & IT Security Assessment Study Net Revenue, By Years, 2023-2030* ($)
Figure 161: Company 11 Product Security & IT Security Assessment Study Net Revenue Share, By Business segments, 2023 (%)
Figure 162: Company 11 Product Security & IT Security Assessment Study Net Sales Share, By Geography, 2023 (%)
Figure 163: Company 12 Product Security & IT Security Assessment Study Net Revenue, By Years, 2023-2030* ($)
Figure 164: Company 12 Product Security & IT Security Assessment Study Net Revenue Share, By Business segments, 2023 (%)
Figure 165: Company 12 Product Security & IT Security Assessment Study Net Sales Share, By Geography, 2023 (%)
Figure 166: Company 13 Product Security & IT Security Assessment Study Net Revenue, By Years, 2023-2030* ($)
Figure 167: Company 13 Product Security & IT Security Assessment Study Net Revenue Share, By Business segments, 2023 (%)
Figure 168: Company 13 Product Security & IT Security Assessment Study Net Sales Share, By Geography, 2023 (%)
Figure 169: Company 14 Product Security & IT Security Assessment Study Net Revenue, By Years, 2023-2030* ($)
Figure 170: Company 14 Product Security & IT Security Assessment Study Net Revenue Share, By Business segments, 2023 (%)
Figure 171: Company 14 Product Security & IT Security Assessment Study Net Sales Share, By Geography, 2023 (%)
Figure 172: Company 15 Product Security & IT Security Assessment Study Net Revenue, By Years, 2023-2030* ($)
Figure 173: Company 15 Product Security & IT Security Assessment Study Net Revenue Share, By Business segments, 2023 (%)
Figure 174: Company 15 Product Security & IT Security Assessment Study Net Sales Share, By Geography, 2023 (%)