According to the new market research report by IndustryARC titled “Cyber Security Market By Services (Managed & Professional Services);By Deployment (Cloud & On-Premises); By Organization Size (Small & Medium & Large Enterprises); By Solution; By Type of Security; By End-User & By Region-Forecast (2018-2023),” the market will be driven by growing cyber threats, strict government regulations on privacy, and growing usage of cloud based security solutions.
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North America will dominate Cyber Security Market :
North America will dominate Cyber Security Market during the forecast period. This is due to the presence of prominent players who offer services to all the sectors in the region. Increasing awareness of cyber security among the organisations will drive the growth of the cyber security solutions in the forecast period. Asia Pacific is expected to be fastest growing region during the forecast period. Countries such as China and India are now using digitization, this would increase the cybercrime activities , so both Chinese and Indian governments are building a cybersecurity policy that will curb cybercrimes in the region. This factor will drive the demand for cyber security regulations which will in turn propel the growth of cyber security market.
Selected Regulatory Analysis Done in the Full Report:
The aerospace and defence sector will have the largest share in the Cyber Security Market during the forecast period, as critical data u that is susceptible to threats is used in this segment.. The other sectors such as government, banking, financial services, IT, and Telecom will also have considerable growth in the market.
Selected Driving Factors Mentioned in the Full Report:
• Rising cases of cybe-crimes and the popularity of cloud security will propel the demand for cyber protection.
• Increasing popularity of digitization has compelled organisations to rely on digitized information. This factor drives the demand for cyber security during the forecast period.
• Increasing number of government regulations regarding data security and privacy will enhance the growth of cyber security services.
Key Players of the Cyber Security Market:
The key players of the Cyber Security Market include Intel Security, Symantec Corporation, and Hewlett Packard Enterprise. Intel Security recently revealed two new security solutions namely Intel Threat Detection Technology and Intel Security Essentials.
A. Human Factor Security Market
B. Cyber Security Market in Government
The Cyber Security Market is Segmented as Indicated Below:
Growth in cloud based security solutions will drive the demand for the internet security software in the forecast period.
A. Cyber Security Market By Services
1. Managed Services
2. Professional Services
B. Cyber Security Market By Solution
1. Identity and Access Management (IAM)
2. Risk and Compliance Management
4. Data Loss Prevention (DLP)
5. Unified Threat Management (UTM)
What can you expect from the report?
The Cyber Security Market Report is prepared with the main agenda to cover the following 20 points:
1. Market Size by Product Categories
2. Market Trends
3. Manufacturer Landscape
4. Distributor Landscape
5. Pricing Analysis
6. Top 10 End User Analysis
7. Product Benchmarking
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