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The Cybersecurity Market Analysis: Expectations vs Reality

Press Release

Latest Report Available at Analytical Research Cognizance, “Cybersecurity Market” provides pin-point analysis for changing competitive dynamics and a forward looking perspective on different factors driving or restraining industry growth.

The global cybersecurity market is expected to witness high adoption, owing to rapid digitalization, higher spending on information security, and the advent of 5G. Various industrial and commercial sectors are implementing cybersecurity solutions to safeguard their data. The market is anticipated to expand at a compound annual growth rate (CAGR) of 11.6% during the period of 2017 to 2022.

Get Latest Report’s Sample of Cybersecurity Market to Check Table of Contents @ http://www.arcognizance.com/enquiry-sample/322850

Solution segment insights:

Governance, risk and compliance solutions occupied a market share of 51% in 2017, as most of the global compliance norms necessitates data security. Government departments are the largest consumers of these solutions as they need to maintain huge volumes of data, including information of the citizens, government strategies and planning, etc.

Identity and access management (IAM) solutions also occupy a large share (26%) of the market. Stolen credentials of employees is the leading facilitator of system hacking cases and data breach incidents, which is expected to cost businesses around USD 2 Tn by 2019, globally. Hence, stronger mechanisms such as multi-factor and biometric authentication are witnessing a rapid adoption. Encryption solutions is gaining grounds due to proliferation of data shared on social media and stored in virtual storage devices. It is expected to expand at a CAGR of 17.9% during the forecast period.

End use industry segment insights:

The financial services industry is the largest consumer of cybersecurity solutions, with a global share of 39% in 2017. With the digitalization of financial services, cyberattacks continue to threaten data privacy and customer loyalty. Advancements in machine learning and analytics allow financial organizations to detect abnormalities in transaction of data, and take necessary corrective actions. Sectors such as government, telecommunications, and healthcare occupy 20%, 16%, and 15% of the market, respectively, in 2017. High growth is expected in the defense sector during the forecast period due to increasing use of Internet of Things (IoT) to connect aircraft, ground vehicles, ships, and weapons systems.

Brief about Cybersecurity Market Report with TOC @ http://www.arcognizance.com/report/global-cybersecurity-market-2017-2022

Regional insights:
North America has shown the highest adoption of cybersecurity products, and occupied approximately 37% of the global market in 2017. Across the United States (U.S.), private and public agencies are implementing cybersecurity systems in order to safeguard their stakeholders. Recently, the U.S. Defense Secretary established a task force to recommend ways to curb theft of critical technologies by adversary countries. Europe and Asia-Pacific comprised 25% and 20%, respectively, of the global cybersecurity market. Since the adoption of the European Union’s (EU’s) cybersecurity strategy in 2013, the European Commission has pushed up its activities and efforts to provide better security to Europeans in various online activities. The Latin America market has started to pick up as the Brazilian government signed a contract in 2017 with Microsoft to update its cybersecurity systems in order tackle the repeated cyberattacks coming from WannaCry ransomware.
Companies covered:
1. Symantec Corporation
2. Check Point Technology Ltd.
3. Palo Alto Networks
4. Fortinet
5. FireEye
6. Trend Micro Inc.
7. Proofpoint Corp.
8. KPMG
9. IBM Corp.

Customizations available
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Companies Covered:
1. Symantec Corporation
2. Check Point Technology Ltd.
3. Palo Alto Networks
4. Fortinet
5. FireEye
6. Trend Micro Inc.
7. Proofpoint Corp.
8. KPMG
9. IBM Corp.

Buy The Report @ http://www.arcognizance.com/purchase/322850

Some Points from TOC:

Chapter One: . Executive summary
1.1. Market scope and segmentation
1.2. Key questions answered
1.3. Executive summary

Chapter Two: . Global cybersecurity market – overview
2.1. Global market overview – historical (2014-2016) and forecasted (2017-2022) market size (USD Bn), geography-wise market revenue (USD Bn), and market attractiveness analysis
2.2. Global market drivers
2.3. Global market trends
2.4. Global market challenges
2.5. Value chain analysis
2.6. Porter’s five forces analysis
2.7. Market segmentation based on solutions (identity and access management [IAM], encryption, governance, risk and compliance, unified threat management [UTM], and security information and event management [SIEM]) – historical (2014-2016) and forecasted (2017-2022) market size (USD Bn), market observations, and influencing factors
2.9. Market segmentation based on revenue models (aerospace, financial services, telecommunication, healthcare, and others) – historical (2014-2016) and forecasted (2017-2022) market size (USD Bn), market observations, and influencing factors

Chapter Three: . Global cybersecurity market based on identity and access management (IAM) solutions
3.1. Global market overview – historical (2014-2016) and forecasted (2017-2022) market size (USD Bn), drivers, trends, and challenges
3.2. North America market overview – historical (2014-2016) and forecasted (2017-2022) market size (USD Bn), key market observations
3.3. Europe market overview – historical (2014-2016) and forecasted (2017-2022) market size (USD Bn), key market observations
3.4. Asia-Pacific market overview – historical (2014-2016) and forecasted (2017-2022) market size (USD Bn), key market observations
3.5. Latin America market overview – historical (2014-2016) and forecasted (2017-2022) market size (USD Bn), key market observations
3.6. The Middle East and Africa market overview – historical (2014-2016) and forecasted (2017-2022) market size (USD Bn), key market observations

Chapter Four: . Global cybersecurity market based on encryption solutions
4.1. Global market overview – historical (2014-2016) and forecasted (2017-2022) market size (USD Bn), drivers, trends, and challenges
4.2. North America market overview – historical (2014-2016) and forecasted (2017-2022) market size (USD Bn), key market observations
4.3. Europe market overview – historical (2014-2016) and forecasted (2017-2022) market size (USD Bn), key market observations
4.4. Asia-Pacific market overview – historical (2014-2016) and forecasted (2017-2022) market size (USD Bn), key market observations
4.5. Latin America market overview – historical (2014-2016) and forecasted (2017-2022) market size (USD Bn), key market observations
4.6. The Middle East and Africa market overview – historical (2014-2016) and forecasted (2017-2022) market size (USD Bn), key market observations

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