IT & Telecom Cyber Security Market Size, Share & Trends Analysis Report By Region (North America, Europe, Asia Pacific, Latin America, Middle East & Africa), And Segment Forecasts, 2022 - 2030
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IT & Telecom Cyber Security Market Growth & Trends
The global IT & telecom cyber security market size is expected to reach USD 82.64 billion by 2030, expanding at a CAGR of 12.1% from 2022 to 2030 according to a study conducted by Grand View Research, Inc. Expansion of telecom networks, emerging BYOD trend, and the emergence of 5G technology are anticipated to increase the network traffic and create loopholes, thereby increasing the risk of cyber-attacks. Additionally, IT & telecom companies are increasing investments in deploying advanced cyber security solutions to tackle the varied nature of threats and keep up with the evolving threat landscape.
The emergence of 5G technology has prompted several organizations to opt for edge computing and shift workloads to cloud networks. Cloud platforms also expose enterprises to various threats across interlinked networks. Additionally, with increased usage of digital services, several devices are connected over private unsecured networks and use cloud services to store any information or data. This increases the risk of vulnerabilities for cloud networks, in turn exposing the IT & telecom companies to cyber threats, which is expected to drive the adoption of cyber security solutions in the sector.
Several governments have imposed stringent data protection laws to regulate the telecom sector and safeguard consumer data. For instance, the German government released a data protection law in December 2021, the Telecommunications Telemedia Data Protection Act (TTDSG), which regulates the protection of privacy and confidentiality while using the internet-ready terminal infrastructure, including smart home devices, messenger services, and websites. As such, the increasing risk of cyber-attacks and stringent data protection laws are expected to compel several IT & telecom firms to adopt cyber security solutions, thereby contributing to market growth.
IT & Telecom Cyber Security Market Report Highlights
IT & Telecom Cyber Security Market Growth & Trends
The global IT & telecom cyber security market size is expected to reach USD 82.64 billion by 2030, expanding at a CAGR of 12.1% from 2022 to 2030 according to a study conducted by Grand View Research, Inc. Expansion of telecom networks, emerging BYOD trend, and the emergence of 5G technology are anticipated to increase the network traffic and create loopholes, thereby increasing the risk of cyber-attacks. Additionally, IT & telecom companies are increasing investments in deploying advanced cyber security solutions to tackle the varied nature of threats and keep up with the evolving threat landscape.
The emergence of 5G technology has prompted several organizations to opt for edge computing and shift workloads to cloud networks. Cloud platforms also expose enterprises to various threats across interlinked networks. Additionally, with increased usage of digital services, several devices are connected over private unsecured networks and use cloud services to store any information or data. This increases the risk of vulnerabilities for cloud networks, in turn exposing the IT & telecom companies to cyber threats, which is expected to drive the adoption of cyber security solutions in the sector.
Several governments have imposed stringent data protection laws to regulate the telecom sector and safeguard consumer data. For instance, the German government released a data protection law in December 2021, the Telecommunications Telemedia Data Protection Act (TTDSG), which regulates the protection of privacy and confidentiality while using the internet-ready terminal infrastructure, including smart home devices, messenger services, and websites. As such, the increasing risk of cyber-attacks and stringent data protection laws are expected to compel several IT & telecom firms to adopt cyber security solutions, thereby contributing to market growth.
IT & Telecom Cyber Security Market Report Highlights
- North America held the highest revenue share of over 30% in 2021, owing to the increased cybersecurity spending and early availability of technology and adoption
- Asia Pacific is expected to register a high CAGR over the forecast period, owing to the massive working population, high number of endpoint devices, and rising number of data centers
- Key industry players are adopting inorganic growth strategies by engaging in partnerships, acquiring smaller players to leverage their technology, and reducing the market competition
CHAPTER 1. METHODOLOGY AND SCOPE
1.1. Methodology Segmentation & Scope
1.2. Information procurement
1.2.1. Purchased database
1.2.2. GVR’s internal database
1.2.3. Secondary sources & third-party perspectives
1.2.4. Primary research
1.3. Information analysis
1.3.1. Data analysis models
1.4. Market formulation & data visualization
1.5. Data validation & publishing
CHAPTER 2. EXECUTIVE SUMMARY
2.1. IT & Telecom Cyber Security Market - Industry Snapshot & Key Buying Criteria, 2018 - 2030
CHAPTER 3. IT & TELECOM CYBER SECURITY MARKET VARIABLES, TRENDS & SCOPE
3.1. Market Size and Growth Prospects, 2018 - 2030
3.2. Industry Value Chain Analysis
3.3. Market Dynamics
3.3.1. Market Driver Analysis
3.3.2. Market Restraint/Challenge Analysis
3.3.3. Market Opportunity Analysis
3.4. Penetration & Growth Prospect Mapping (Key Opportunities Prioritized)
3.5. Business Environment Analysis Tools
3.5.1. Industry Analysis - Porter's Five Forces Analysis
3.5.2. PEST Analysis
3.6. COVID-19 Impact Analysis
CHAPTER 4. IT & TELECOM CYBER SECURITY MARKET: REGIONAL OUTLOOK
4.1. IT & Telecom Cyber Security Market Share by Region, 2021 & 2030 (USD Million)
4.2. North America
4.2.1. Market estimates and forecast, 2018 - 2030 (USD Million)
4.2.2. U.S.
4.2.2.1. Market estimates and forecast, 2018 - 2030 (USD Million)
4.2.3. Canada
4.2.3.1. Market estimates and forecast, 2018 - 2030 (USD Million)
4.3. Europe
4.3.1. Market estimates and forecast, 2018 - 2030 (USD Million)
4.3.2. U.K.
4.3.2.1. Market estimates and forecast, 2018 - 2030 (USD Million)
4.3.3. Germany
4.3.3.1. Market estimates and forecast, 2018 - 2030 (USD Million)
4.3.4. Rest of Europe
4.3.4.1. Market estimates and forecast, 2018 - 2030 (USD Million)
4.4. Asia Pacific
4.4.1. Market estimates and forecast, 2018 - 2030 (USD Million)
4.4.2. China
4.4.2.1. Market estimates and forecast, 2018 - 2030 (USD Million)
4.4.3. India
4.4.3.1. Market estimates and forecast, 2018 - 2030 (USD Million)
4.4.3.2. Market estimates and forecast by application, 2018 - 2030 (USD Million)
4.4.4. Japan
4.4.4.1. Market estimates and forecast, 2018 - 2030 (USD Million)
4.4.5. Rest of Asia Pacific
4.4.5.1. Market estimates and forecast, 2018 - 2030 (USD Million)
4.5. Latin America
4.5.1. Market estimates and forecast, 2018 - 2030 (USD Million)
4.5.2. Brazil
4.5.2.1. Market estimates and forecast, 2018 - 2030 (USD Million)
4.5.3. Mexico
4.5.3.1. Market estimates and forecast, 2018 - 2030 (USD Million)
4.5.4. Rest of Latin America
4.5.4.1. Market estimates and forecast, 2018 - 2030 (USD Million)
4.6. Middle East & Africa
4.6.1. Market estimates and forecast, 2018 - 2030 (USD Million)
CHAPTER 5. COMPETITIVE LANDSCAPE
5.1. Bitdefender
5.1.1. Company overview
5.1.2. Financial performance
5.1.3. Product benchmarking
5.1.4. Recent developments
5.2. BAE Systems, Inc.
5.2.1. Company overview
5.2.2. Financial performance
5.2.3. Product benchmarking
5.2.4. Recent developments
5.3. Telefonaktiebolaget LM Ericsson
5.3.1. Company overview
5.3.2. Financial performance
5.3.3. Product benchmarking
5.3.4. Recent developments
5.4. AO Kaspersky Lab
5.4.1. Company overview
5.4.2. Financial performance
5.4.3. Product benchmarking
5.4.4. Recent developments
5.5. Check Point Software Technology Ltd.
5.5.1. Company overview
5.5.2. Financial performance
5.5.3. Product benchmarking
5.5.4. Recent developments
5.6. Cisco Systems, Inc.
5.6.1. Company overview
5.6.2. Financial performance
5.6.3. Product benchmarking
5.6.4. Recent developments
5.7. LogRhythm, Inc.
5.7.1. Company overview
5.7.2. Financial performance
5.7.3. Product benchmarking
5.7.4. Recent developments
5.8. Fortinet, Inc.
5.8.1. Company overview
5.8.2. Financial performance
5.8.3. Product benchmarking
5.8.4. Recent developmentsDaiichi J
5.9. Palo Alto Networks, Inc.
5.9.1. Company overview
5.9.2. Financial performance
5.9.3. Product benchmarking
5.9.4. Recent developments
5.10. CrowdStrike
5.10.1. Company overview
5.10.2. Financial performance
5.10.3. Product benchmarking
5.10.4. Recent developments
1.1. Methodology Segmentation & Scope
1.2. Information procurement
1.2.1. Purchased database
1.2.2. GVR’s internal database
1.2.3. Secondary sources & third-party perspectives
1.2.4. Primary research
1.3. Information analysis
1.3.1. Data analysis models
1.4. Market formulation & data visualization
1.5. Data validation & publishing
CHAPTER 2. EXECUTIVE SUMMARY
2.1. IT & Telecom Cyber Security Market - Industry Snapshot & Key Buying Criteria, 2018 - 2030
CHAPTER 3. IT & TELECOM CYBER SECURITY MARKET VARIABLES, TRENDS & SCOPE
3.1. Market Size and Growth Prospects, 2018 - 2030
3.2. Industry Value Chain Analysis
3.3. Market Dynamics
3.3.1. Market Driver Analysis
3.3.2. Market Restraint/Challenge Analysis
3.3.3. Market Opportunity Analysis
3.4. Penetration & Growth Prospect Mapping (Key Opportunities Prioritized)
3.5. Business Environment Analysis Tools
3.5.1. Industry Analysis - Porter's Five Forces Analysis
3.5.2. PEST Analysis
3.6. COVID-19 Impact Analysis
CHAPTER 4. IT & TELECOM CYBER SECURITY MARKET: REGIONAL OUTLOOK
4.1. IT & Telecom Cyber Security Market Share by Region, 2021 & 2030 (USD Million)
4.2. North America
4.2.1. Market estimates and forecast, 2018 - 2030 (USD Million)
4.2.2. U.S.
4.2.2.1. Market estimates and forecast, 2018 - 2030 (USD Million)
4.2.3. Canada
4.2.3.1. Market estimates and forecast, 2018 - 2030 (USD Million)
4.3. Europe
4.3.1. Market estimates and forecast, 2018 - 2030 (USD Million)
4.3.2. U.K.
4.3.2.1. Market estimates and forecast, 2018 - 2030 (USD Million)
4.3.3. Germany
4.3.3.1. Market estimates and forecast, 2018 - 2030 (USD Million)
4.3.4. Rest of Europe
4.3.4.1. Market estimates and forecast, 2018 - 2030 (USD Million)
4.4. Asia Pacific
4.4.1. Market estimates and forecast, 2018 - 2030 (USD Million)
4.4.2. China
4.4.2.1. Market estimates and forecast, 2018 - 2030 (USD Million)
4.4.3. India
4.4.3.1. Market estimates and forecast, 2018 - 2030 (USD Million)
4.4.3.2. Market estimates and forecast by application, 2018 - 2030 (USD Million)
4.4.4. Japan
4.4.4.1. Market estimates and forecast, 2018 - 2030 (USD Million)
4.4.5. Rest of Asia Pacific
4.4.5.1. Market estimates and forecast, 2018 - 2030 (USD Million)
4.5. Latin America
4.5.1. Market estimates and forecast, 2018 - 2030 (USD Million)
4.5.2. Brazil
4.5.2.1. Market estimates and forecast, 2018 - 2030 (USD Million)
4.5.3. Mexico
4.5.3.1. Market estimates and forecast, 2018 - 2030 (USD Million)
4.5.4. Rest of Latin America
4.5.4.1. Market estimates and forecast, 2018 - 2030 (USD Million)
4.6. Middle East & Africa
4.6.1. Market estimates and forecast, 2018 - 2030 (USD Million)
CHAPTER 5. COMPETITIVE LANDSCAPE
5.1. Bitdefender
5.1.1. Company overview
5.1.2. Financial performance
5.1.3. Product benchmarking
5.1.4. Recent developments
5.2. BAE Systems, Inc.
5.2.1. Company overview
5.2.2. Financial performance
5.2.3. Product benchmarking
5.2.4. Recent developments
5.3. Telefonaktiebolaget LM Ericsson
5.3.1. Company overview
5.3.2. Financial performance
5.3.3. Product benchmarking
5.3.4. Recent developments
5.4. AO Kaspersky Lab
5.4.1. Company overview
5.4.2. Financial performance
5.4.3. Product benchmarking
5.4.4. Recent developments
5.5. Check Point Software Technology Ltd.
5.5.1. Company overview
5.5.2. Financial performance
5.5.3. Product benchmarking
5.5.4. Recent developments
5.6. Cisco Systems, Inc.
5.6.1. Company overview
5.6.2. Financial performance
5.6.3. Product benchmarking
5.6.4. Recent developments
5.7. LogRhythm, Inc.
5.7.1. Company overview
5.7.2. Financial performance
5.7.3. Product benchmarking
5.7.4. Recent developments
5.8. Fortinet, Inc.
5.8.1. Company overview
5.8.2. Financial performance
5.8.3. Product benchmarking
5.8.4. Recent developmentsDaiichi J
5.9. Palo Alto Networks, Inc.
5.9.1. Company overview
5.9.2. Financial performance
5.9.3. Product benchmarking
5.9.4. Recent developments
5.10. CrowdStrike
5.10.1. Company overview
5.10.2. Financial performance
5.10.3. Product benchmarking
5.10.4. Recent developments
LIST OF TABLES
Table 1 List of Abbreviations
Table 2 IT & Telecom Cyber Security Market, 2018 - 2030 (USD Million)
Table 3 Global IT & Telecom Cyber Security Market, by Region, 2018 - 2030 (USD Million)
Table 4 North America IT & Telecom Cyber Security Market, by Country, 2018 - 2030 (USD Million)
Table 5 Europe IT & Telecom Cyber Security Market, by Country 2018 - 2030 (USD Million)
Table 6 Asia Pacific IT & Telecom Cyber Security Market, by Country, 2018 - 2030 (USD Million)
Table 7 Latin America IT & Telecom Cyber Security Market, by Country, 2018 - 2030 (USD Million)
Table 8 Middle East & Africa IT & Telecom Cyber Security Market, by Country, 2018 - 2030 (USD Million)
Table 1 List of Abbreviations
Table 2 IT & Telecom Cyber Security Market, 2018 - 2030 (USD Million)
Table 3 Global IT & Telecom Cyber Security Market, by Region, 2018 - 2030 (USD Million)
Table 4 North America IT & Telecom Cyber Security Market, by Country, 2018 - 2030 (USD Million)
Table 5 Europe IT & Telecom Cyber Security Market, by Country 2018 - 2030 (USD Million)
Table 6 Asia Pacific IT & Telecom Cyber Security Market, by Country, 2018 - 2030 (USD Million)
Table 7 Latin America IT & Telecom Cyber Security Market, by Country, 2018 - 2030 (USD Million)
Table 8 Middle East & Africa IT & Telecom Cyber Security Market, by Country, 2018 - 2030 (USD Million)
LIST OF FIGURES
Fig. 1 Methodology
Fig. 2 Primary Research Pattern
Fig. 3 Information Analysis
Fig. 4 Data Analysis Model
Fig. 5 Data Validation & Publishing
Fig. 6 IT & Telecom Cyber Security Market: Market Snapshot
Fig. 7 IT & Telecom Cyber Security Market Size and Growth Prospects
Fig. 8 IT & Telecom Cyber Security Market: Value Chain Analysis
Fig. 9 IT & Telecom Cyber Security Solutions Development
Fig. 10 Growth of Cloud Security Market, (USD Million), 2018 - 2030
Fig. 11 IT & Telecom Cyber Security Market: Porter’s Five Forces Analysis
Fig. 12 IT & Telecom Cyber Security Market: PEST Analysis
Fig. 1 Methodology
Fig. 2 Primary Research Pattern
Fig. 3 Information Analysis
Fig. 4 Data Analysis Model
Fig. 5 Data Validation & Publishing
Fig. 6 IT & Telecom Cyber Security Market: Market Snapshot
Fig. 7 IT & Telecom Cyber Security Market Size and Growth Prospects
Fig. 8 IT & Telecom Cyber Security Market: Value Chain Analysis
Fig. 9 IT & Telecom Cyber Security Solutions Development
Fig. 10 Growth of Cloud Security Market, (USD Million), 2018 - 2030
Fig. 11 IT & Telecom Cyber Security Market: Porter’s Five Forces Analysis
Fig. 12 IT & Telecom Cyber Security Market: PEST Analysis
