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Cybersecurity Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

July 2022 | 145 pages | ID: C767270749C8EN
IMARC Group

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The global cybersecurity market reached a value of US$ 221.0 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 412.3 Billion by 2027, exhibiting a CAGR of 10% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.

Cybersecurity refers to the practice of protecting servers, networks, programs, computers, mobile devices, and other electronic systems from malicious attacks. It relies on various technologies to help organizations reduce vulnerability to cyber-attacks and protect critical information systems without interfering with the customer experience. For instance, identity and access management (IAM) enables users to log into the network without re-entering credentials and provides deep visibility into suspicious activity and faster investigation and response times. At present, due to the growing instances of data breaches, organizations across the globe are adopting cybersecurity solutions to prevent cyber threats.

Cybersecurity Market Trends:
Due to the coronavirus disease (COVID-19) outbreak and consequent lockdowns imposed by governing agencies of numerous countries, enterprises are adopting remote working models across the globe. This is positively influencing the demand for cybersecurity solutions to enable employees work from any device, at any time, from any location, and support business continuity amid pandemic challenges. Besides this, cybercriminals usually target customer personally identifiable information (PII), such as names, addresses, national identification numbers, and credit card details, thereby resulting in the loss of customer trust, regulatory fines, and legal action. In confluence with this, the escalating use of online banking services is promoting the adoption of cybersecurity solutions in the banking, financial services, and insurance (BFSI) sector around the world. In addition, the leading companies are offering comprehensive cybersecurity strategies with automated technologies, such as advanced analytics, artificial intelligence (AI), and machine learning (ML), to minimize the impact of breaches. Furthermore, non-regulatory governing agencies are creating cybersecurity frameworks that address threats and support business, which is creating a positive outlook for the market.

Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global cybersecurity market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on component, deployment type, user type and industry vertical.

Breakup by Component:

Solutions
Services

Breakup by Deployment Type:

Cloud-based
On-premises

Breakup by User Type:

Large Enterprises
Small and Medium Enterprises

Breakup by Industry Vertical:

IT and Telecom
Retail
BFSI
Healthcare
Defense/Government
Manufacturing
Energy
Others

Breakup by Region:

North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa

Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Accenture PLC, Broadcom Inc., Capgemini Service SAS, Cisco Systems, Inc., Cognizant Technology Solutions Corporation, HCL Technologies Ltd., Infosys Limited, International Business Machines Corporation (IBM), Lockheed Martin Corporation, Palo Alto Networks, Inc., Tata Consultancy Services Limited, Tech Mahindra Limited, Trend Micro Incorporated, and Wipro Limited.

Key Questions Answered in This Report:
How has the global cybersecurity market performed so far and how will it perform in the coming years?
What has been the impact of COVID-19 on the global cybersecurity market?
What are the key regional markets?
What is the breakup of the market based on the component?
What is the breakup of the market based on the deployment type?
What is the breakup of the market based on the user type?
What is the breakup of the market based on the industry vertical?
What are the various stages in the value chain of the industry?
What are the key driving factors and challenges in the industry?
What is the structure of the global cybersecurity market and who are the key players?
What is the degree of competition in the industry?
1 PREFACE

2 SCOPE AND METHODOLOGY

2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
  2.3.1 Primary Sources
  2.3.2 Secondary Sources
2.4 Market Estimation
  2.4.1 Bottom-Up Approach
  2.4.2 Top-Down Approach
2.5 Forecasting Methodology

3 EXECUTIVE SUMMARY

4 INTRODUCTION

4.1 Overview
4.2 Key Industry Trends

5 GLOBAL CYBERSECURITY MARKET

5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast

6 MARKET BREAKUP BY COMPONENT

6.1 Solutions
  6.1.1 Market Trends
  6.1.2 Key Segments
    6.1.2.1 Identity and Access Management (IAM)
    6.1.2.2 Infrastructure Security
    6.1.2.3 Governance, Risk and Compliance
    6.1.2.4 Unified Vulnerability Management Service Offering
    6.1.2.5 Data Security and Privacy Service Offering
    6.1.2.6 Others
  6.1.3 Market Forecast
6.2 Services
  6.2.1 Market Trends
  6.2.2 Key Segments
    6.2.2.1 Professional Services
    6.2.2.2 Managed Services
  6.2.3 Market Forecast

7 MARKET BREAKUP BY DEPLOYMENT TYPE

7.1 Cloud-based
  7.1.1 Market Trends
  7.1.2 Market Forecast
7.2 On-premises
  7.2.1 Market Trends
  7.2.2 Market Forecast

8 MARKET BREAKUP BY USER TYPE

8.1 Large Enterprises
  8.1.1 Market Trends
  8.1.2 Market Forecast
8.2 Small and Medium Enterprises
  8.2.1 Market Trends
  8.2.2 Market Forecast

9 MARKET BREAKUP BY INDUSTRY VERTICAL

9.1 IT and Telecom
  9.1.1 Market Trends
  9.1.2 Market Forecast
9.2 Retail
  9.2.1 Market Trends
  9.2.2 Market Forecast
9.3 BFSI
  9.3.1 Market Trends
  9.3.2 Market Forecast
9.4 Healthcare
  9.4.1 Market Trends
  9.4.2 Market Forecast
9.5 Defense/Government
  9.5.1 Market Trends
  9.5.2 Market Forecast
9.6 Manufacturing
  9.6.1 Market Trends
  9.6.2 Market Forecast
9.7 Energy
  9.7.1 Market Trends
  9.7.2 Market Forecast
9.8 Others
  9.8.1 Market Trends
  9.8.2 Market Forecast

10 MARKET BREAKUP BY REGION

10.1 North America
  10.1.1 United States
    10.1.1.1 Market Trends
    10.1.1.2 Market Forecast
  10.1.2 Canada
    10.1.2.1 Market Trends
    10.1.2.2 Market Forecast
10.2 Asia-Pacific
  10.2.1 China
    10.2.1.1 Market Trends
    10.2.1.2 Market Forecast
  10.2.2 Japan
    10.2.2.1 Market Trends
    10.2.2.2 Market Forecast
  10.2.3 India
    10.2.3.1 Market Trends
    10.2.3.2 Market Forecast
  10.2.4 South Korea
    10.2.4.1 Market Trends
    10.2.4.2 Market Forecast
  10.2.5 Australia
    10.2.5.1 Market Trends
    10.2.5.2 Market Forecast
  10.2.6 Indonesia
    10.2.6.1 Market Trends
    10.2.6.2 Market Forecast
  10.2.7 Others
    10.2.7.1 Market Trends
    10.2.7.2 Market Forecast
10.3 Europe
  10.3.1 Germany
    10.3.1.1 Market Trends
    10.3.1.2 Market Forecast
  10.3.2 France
    10.3.2.1 Market Trends
    10.3.2.2 Market Forecast
  10.3.3 United Kingdom
    10.3.3.1 Market Trends
    10.3.3.2 Market Forecast
  10.3.4 Italy
    10.3.4.1 Market Trends
    10.3.4.2 Market Forecast
  10.3.5 Spain
    10.3.5.1 Market Trends
    10.3.5.2 Market Forecast
  10.3.6 Russia
    10.3.6.1 Market Trends
    10.3.6.2 Market Forecast
  10.3.7 Others
    10.3.7.1 Market Trends
    10.3.7.2 Market Forecast
10.4 Latin America
  10.4.1 Brazil
    10.4.1.1 Market Trends
    10.4.1.2 Market Forecast
  10.4.2 Mexico
    10.4.2.1 Market Trends
    10.4.2.2 Market Forecast
  10.4.3 Others
    10.4.3.1 Market Trends
    10.4.3.2 Market Forecast
10.5 Middle East and Africa
  10.5.1 Market Trends
  10.5.2 Market Breakup by Country
  10.5.3 Market Forecast

11 SWOT ANALYSIS

11.1 Overview
11.2 Strengths
11.3 Weaknesses
11.4 Opportunities
11.5 Threats

12 VALUE CHAIN ANALYSIS

13 PORTERS FIVE FORCES ANALYSIS

13.1 Overview
13.2 Bargaining Power of Buyers
13.3 Bargaining Power of Suppliers
13.4 Degree of Competition
13.5 Threat of New Entrants
13.6 Threat of Substitutes

14 PRICE ANALYSIS

15 COMPETITIVE LANDSCAPE

15.1 Market Structure
15.2 Key Players
15.3 Profiles of Key Players
  15.3.1 Accenture PLC
    15.3.1.1 Company Overview
    15.3.1.2 Product Portfolio
    15.3.1.3 Financials
    15.3.1.4 SWOT Analysis
  15.3.2 Broadcom Inc
    15.3.2.1 Company Overview
    15.3.2.2 Product Portfolio
    15.3.2.3 Financials
    15.3.2.4 SWOT Analysis
  15.3.3 Capgemini Service SAS
    15.3.3.1 Company Overview
    15.3.3.2 Product Portfolio
    15.3.3.3 Financials
    15.3.3.4 SWOT Analysis
  15.3.4 Cisco Systems Inc.
    15.3.4.1 Company Overview
    15.3.4.2 Product Portfolio
    15.3.4.3 Financials
    15.3.4.4 SWOT Analysis
  15.3.5 Cognizant Technology Solutions Corporation
    15.3.5.1 Company Overview
    15.3.5.2 Product Portfolio
    15.3.5.3 Financials
    15.3.5.4 SWOT Analysis
  15.3.6 HCL Technologies Ltd.
    15.3.6.1 Company Overview
    15.3.6.2 Product Portfolio
    15.3.6.3 Financials
    15.3.6.4 SWOT Analysis
  15.3.7 Infosys Limited
    15.3.7.1 Company Overview
    15.3.7.2 Product Portfolio
    15.3.7.3 Financials
    15.3.7.4 SWOT Analysis
  15.3.8 International Business Machines Corporation (IBM)
    15.3.8.1 Company Overview
    15.3.8.2 Product Portfolio
    15.3.8.3 Financials
    15.3.8.4 SWOT Analysis
  15.3.9 Lockheed Martin Corporation
    15.3.9.1 Company Overview
    15.3.9.2 Product Portfolio
    15.3.9.3 Financials
    15.3.9.4 SWOT Analysis
  15.3.10 Palo Alto Networks, Inc.
    15.3.10.1 Company Overview
    15.3.10.2 Product Portfolio
    15.3.10.3 Financials
    15.3.10.4 SWOT Analysis
  15.3.11 Tata Consultancy Services Limited
    15.3.11.1 Company Overview
    15.3.11.2 Product Portfolio
    15.3.11.3 Financials
    15.3.11.4 SWOT Analysis
  15.3.12 Tech Mahindra Limited
    15.3.12.1 Company Overview
    15.3.12.2 Product Portfolio
    15.3.12.3 Financials
    15.3.12.4 SWOT Analysis
  15.3.13 Trend Micro Incorporated
    15.3.13.1 Company Overview
    15.3.13.2 Product Portfolio
    15.3.13.3 Financials
    15.3.13.4 SWOT Analysis
  15.3.14 Wipro Limited
    15.3.14.1 Company Overview
    15.3.14.2 Product Portfolio
    15.3.14.3 Financials
    15.3.14.4 SWOT Analysis

LIST OF TABLES

Table 1: Global: Cybersecurity Market: Key Industry Highlights, 2021 and 2027
Table 2: Global: Cybersecurity Market Forecast: Breakup by Component (in Million US$), 2022-2027
Table 3: Global: Cybersecurity Market Forecast: Breakup by Deployment Type (in Million US$), 2022-2027
Table 4: Global: Cybersecurity Market Forecast: Breakup by User Type (in Million US$), 2022-2027
Table 5: Global: Cybersecurity Market Forecast: Breakup by Industry Vertical (in Million US$), 2022-2027
Table 6: Global: Cybersecurity Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 7: Global: Cybersecurity Market: Competitive Structure
Table 8: Global: Cybersecurity Market: Key Players

LIST OF FIGURES

Figure 1: Global: Cybersecurity Market: Major Drivers and Challenges
Figure 2: Global: Cybersecurity Market: Sales Value (in Billion US$), 2016-2021
Figure 3: Global: Cybersecurity Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 4: Global: Cybersecurity Market: Breakup by Component (in %), 2021
Figure 5: Global: Cybersecurity Market: Breakup by Deployment Type (in %), 2021
Figure 6: Global: Cybersecurity Market: Breakup by User Type (in %), 2021
Figure 7: Global: Cybersecurity Market: Breakup by Industry Vertical (in %), 2021
Figure 8: Global: Cybersecurity Market: Breakup by Region (in %), 2021
Figure 9: Global: Cybersecurity (Solutions) Market: Sales Value (in Million US$), 2016 & 2021
Figure 10: Global: Cybersecurity (Solutions) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 11: Global: Cybersecurity (Services) Market: Sales Value (in Million US$), 2016 & 2021
Figure 12: Global: Cybersecurity (Services) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 13: Global: Cybersecurity (Cloud-based) Market: Sales Value (in Million US$), 2016 & 2021
Figure 14: Global: Cybersecurity (Cloud-based) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 15: Global: Cybersecurity (On-premises) Market: Sales Value (in Million US$), 2016 & 2021
Figure 16: Global: Cybersecurity (On-premises) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 17: Global: Cybersecurity (Large Enterprises) Market: Sales Value (in Million US$), 2016 & 2021
Figure 18: Global: Cybersecurity (Large Enterprises) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 19: Global: Cybersecurity (Small and Medium Enterprises) Market: Sales Value (in Million US$), 2016 & 2021
Figure 20: Global: Cybersecurity (Small and Medium Enterprises) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 21: Global: Cybersecurity (IT and Telecom) Market: Sales Value (in Million US$), 2016 & 2021
Figure 22: Global: Cybersecurity (IT and Telecom) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 23: Global: Cybersecurity (Retail) Market: Sales Value (in Million US$), 2016 & 2021
Figure 24: Global: Cybersecurity (Retail) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 25: Global: Cybersecurity (BFSI) Market: Sales Value (in Million US$), 2016 & 2021
Figure 26: Global: Cybersecurity (BFSI) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 27: Global: Cybersecurity (Healthcare) Market: Sales Value (in Million US$), 2016 & 2021
Figure 28: Global: Cybersecurity (Healthcare) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 29: Global: Cybersecurity (Defense/Government) Market: Sales Value (in Million US$), 2016 & 2021
Figure 30: Global: Cybersecurity (Defense/Government) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 31: Global: Cybersecurity (Manufacturing) Market: Sales Value (in Million US$), 2016 & 2021
Figure 32: Global: Cybersecurity (Manufacturing) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 33: Global: Cybersecurity (Energy) Market: Sales Value (in Million US$), 2016 & 2021
Figure 34: Global: Cybersecurity (Energy) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 35: Global: Cybersecurity (Other Industry Verticals) Market: Sales Value (in Million US$), 2016 & 2021
Figure 36: Global: Cybersecurity (Other Industry Verticals) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 37: North America: Cybersecurity Market: Sales Value (in Million US$), 2016 & 2021
Figure 38: North America: Cybersecurity Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 39: United States: Cybersecurity Market: Sales Value (in Million US$), 2016 & 2021
Figure 40: United States: Cybersecurity Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 41: Canada: Cybersecurity Market: Sales Value (in Million US$), 2016 & 2021
Figure 42: Canada: Cybersecurity Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 43: Asia-Pacific: Cybersecurity Market: Sales Value (in Million US$), 2016 & 2021
Figure 44: Asia-Pacific: Cybersecurity Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 45: China: Cybersecurity Market: Sales Value (in Million US$), 2016 & 2021
Figure 46: China: Cybersecurity Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 47: Japan: Cybersecurity Market: Sales Value (in Million US$), 2016 & 2021
Figure 48: Japan: Cybersecurity Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 49: India: Cybersecurity Market: Sales Value (in Million US$), 2016 & 2021
Figure 50: India: Cybersecurity Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 51: South Korea: Cybersecurity Market: Sales Value (in Million US$), 2016 & 2021
Figure 52: South Korea: Cybersecurity Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 53: Australia: Cybersecurity Market: Sales Value (in Million US$), 2016 & 2021
Figure 54: Australia: Cybersecurity Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 55: Indonesia: Cybersecurity Market: Sales Value (in Million US$), 2016 & 2021
Figure 56: Indonesia: Cybersecurity Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 57: Others: Cybersecurity Market: Sales Value (in Million US$), 2016 & 2021
Figure 58: Others: Cybersecurity Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 59: Europe: Cybersecurity Market: Sales Value (in Million US$), 2016 & 2021
Figure 60: Europe: Cybersecurity Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 61: Germany: Cybersecurity Market: Sales Value (in Million US$), 2016 & 2021
Figure 62: Germany: Cybersecurity Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 63: France: Cybersecurity Market: Sales Value (in Million US$), 2016 & 2021
Figure 64: France: Cybersecurity Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 65: United Kingdom: Cybersecurity Market: Sales Value (in Million US$), 2016 & 2021
Figure 66: United Kingdom: Cybersecurity Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 67: Italy: Cybersecurity Market: Sales Value (in Million US$), 2016 & 2021
Figure 68: Italy: Cybersecurity Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 69: Spain: Cybersecurity Market: Sales Value (in Million US$), 2016 & 2021
Figure 70: Spain: Cybersecurity Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 71: Russia: Cybersecurity Market: Sales Value (in Million US$), 2016 & 2021
Figure 72: Russia: Cybersecurity Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 73: Others: Cybersecurity Market: Sales Value (in Million US$), 2016 & 2021
Figure 74: Others: Cybersecurity Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 75: Latin America: Cybersecurity Market: Sales Value (in Million US$), 2016 & 2021
Figure 76: Latin America: Cybersecurity Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 77: Brazil: Cybersecurity Market: Sales Value (in Million US$), 2016 & 2021
Figure 78: Brazil: Cybersecurity Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 79: Mexico: Cybersecurity Market: Sales Value (in Million US$), 2016 & 2021
Figure 80: Mexico: Cybersecurity Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 81: Others: Cybersecurity Market: Sales Value (in Million US$), 2016 & 2021
Figure 82: Others: Cybersecurity Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 83: Middle East and Africa: Cybersecurity Market: Sales Value (in Million US$), 2016 & 2021
Figure 84: Middle East and Africa: Cybersecurity Market: Breakup by Country (in %), 2021
Figure 85: Middle East and Africa: Cybersecurity Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 86: Global: Cybersecurity Industry: SWOT Analysis
Figure 87: Global: Cybersecurity Industry: Value Chain Analysis
Figure 88: Global: Cybersecurity Industry: Porter's Five Forces Analysis


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