Tag: Cyber Security market

The Global Cyber Security market is estimated at $74.2 billion and is expected to reach $224.48 billion by 2022 growing at a CAGR of 14.84% during the forecast period 2014-2022. Growing cyber crimes which may cause the loss of intellectual and financial assets is the key driving factor for the growth of cyber security market. Cybercrime is generating market opportunity for small cyber specialty companies. The government is increasing its investments in sophisticated cyber security technologies. Unique attention is being given to secure the Internet of Things through federally-sponsored research in cyber-physical systems. Small businesses can use these vehicles to get involved in the government cyber security market. Antivirus and Antimalware solution is likely to acquire the highest market share during the forecast period.

The Global Cyber Security Market is segmented on the basis of Solution, Security type, Service, application and Geography. On the basis of Solution, the market is segregated into Web Filtering, Unified Threat Management (UTM), Security and Vulnerability Management, Risk and Compliance Management, Intrusion Detection System/Intrusion Prevention System (Ids/Ips), Identity and Access Management (IAM), Firewall, Encryption, Distributed Denial of Service Mitigation, Disaster Recovery, Data Loss Protection (DLP), Anti virus and Anti malware, White listing and Others.

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On the basis of Security type, the market is categorized into Application Security, Cloud Security, Content Security, Endpoint Security, Network Security, Wireless Security and Industrial Control Systems Security. The market is segmented on the basis of service into Training and Education, Risk and Threat Assessment, Managed Security Services (MSS, Design and Integration, Consulting. Global Cyber Security Market by Application is segregated into Telecom and IT, Retail, Manufacturing, Healthcare, Government and Public Utilities, Banking, Financial Services and Insurance (BFSI), Aerospace, Defense and Intelligence and Others. Global Cyber Security Market by geography is categorized into North America, Europe, Asia Pacific and Rest of the World.

The key players in the Global Cyber Security Market are BAE Systems PLC, The Boeing Company, Booz Allen Hamilton Inc, Cisco Systems Inc, Computer Sciences Corporation, Dell Inc, Finmeccanica spa, General Dynamics Corporation, Hewlett Packard Company and International Business Machines Corporation (IBM).

What our report offers:

– Market share assessments for the regional and country level segments
– Market share analysis of the top industry players
– Strategic recommendations for the new entrants
– Market forecasts for a minimum of 8 years of all the mentioned segments, sub segments and the regional markets
– Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
– Strategic recommendations in key business segments based on the market estimations
– Competitive landscaping mapping the key common trends
– Company profiling with detailed strategies, financials, and recent developments
– Supply chain trends mapping the latest technological advancements

Global Cyber Security market in the BFSI sector to grow at a CAGR of 13.14% over the period 2014-2019. Cyber threats are web-based threats such as data thefts and identity thefts. They disrupt IT systems in organizations and hack critical information using malware, spyware, or by phishing. Cyber security solutions help organizations in the BFSI sector to report, monitor, detect, and counter cyber threats while maintaining the confidentiality of information systems. In addition, they can be deployed as on-premises, cloud-based, or hybrid models. In the current scenario, increased internet penetration has given exponential rise to sophisticated attacks on IT business infrastructure. Attackers are increasingly gaining access to sensitive information such as credit card details and other financial information. Organizations in the BFSI sector are adopting cyber security solutions to protect critical information or any kind of digitized information stored in a PC or in any digital memory device.

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The need for any business to stay connected 24/7 has encouraged employees to use their personal portable devices such as cellphones, tablets and laptops to gain access and store confidential information, thus increasing the need to protect data.

Many mobile devices are not secure, it can be easy for hackers to gain unauthorized access to mobile devices in corporate networks, which may lead to fraudulent activities with the misuse of business-critical data. Therefore, enterprises are increasingly adopting cyber security solutions to secure their networks and provide employees with secured access to confidential information.

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Covered in this Report

This report covers the present scenario and the growth prospects of the Global Cyber Security market in the BFSI sector for the period 2015-2019. To calculate the market size, the report considers revenue generated from the installation of cyber security solutions in the BFSI sector.

Global Cyber Security Market in the BFSI Sector 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the APAC region, Europe, Latin America, the MEA region, and North America; it also covers the landscape of the Global Cyber Security market in the BFSI sector and its growth prospects in the coming years. The report includes a discussion of the key vendors operating in this market.

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The latest report emphasizes the growing demand for cloud-based security solutions. These solutions provide significant advantages, which has increased their demand among organizations.

“Many companies opt for cloud-based IT security solutions that are cost-effective and compatible with payment card industry data security standard regulations and offer round-the-clock monitoring of systems,”.