World Cyber Security Market to Reach USD 137 Bn by 2021, Predicts TechSci Research in Its New Report Available at MarketPublishers.com
17 Jun 2016 • by Natalie Aster
LONDON – The growing role of cyber security analytics solutions to foretell the trend of cyberattacks to assist organisations in reducing financial losses experienced during a cyberattack, will likely encourage R&D investments in the forthcoming years. Expected surge in R&D investments is set to lead to the expansion of up-to-the-minute cyber security services to safeguard mobile devices, personal details, content, etc., which in turn would propel the growth of the cyber security marketplace moving forward.
The market is projected to surpass the USD 137 billion mark by 2021. The rising BYOD trend, surging acceptance of cloud computing, the rise of the IoT market are projected to keep on giving a boost to the cyber security market worldwide in the next 5 years. Although the world cyber security market is very fragmented, Symantec Corporation stands out as the leading player in 2015, with BAE Systems PLC, Intel Corporation and Cisco Systems following after. The key areas where cyber security solutions are mainly used include banking, financial services and insurance, IT & telecommunications, energy and power defense, healthcare, and retail.
New research report “Global Cyber Security Market” created by TechSci Research discusses the various key aspects of the cyber security market on a global level. It provides market segmentation based on security type, solutions, and by end-use industry. The study provides an analysis of the market size by value, data on the market share and forecasts for the market as a whole and each segment. An in-depth regional analysis of the marketplace is included. The research study explores the different trends shaping the industry and uncovers the opportunities emerging in this field; casts light on the market dynamics including growth drivers & restraints; provides market attractiveness index; and looks at the market developments. The report contains valuable information on the 20 leading competitors, and presents strategic recommendations.
More new studies by this publisher are available at TechSci Research page.