New York, 4 Nov 2019
: According to a new research
published by Polaris Market Research, the cyber security market is
anticipated to reach over USD 269 billion by 2026. In 2017, the enterprise
segment dominated the global market, in terms of revenue. North America is
expected to be the leading contributor to the global market revenue in 2017.
The growing
need for protection of sensitive data, and increasing cyber terrorism has
boosted the adoption of cyber security solutions. The rising penetration of
mobile devices, and increasing trend of BYOD further support the growth of this
market. Additionally, the increasing demand of cyber security solutions from
small and medium enterprises has supported market growth over the years.
Increasing investments by vendors in technological advancements coupled with
growing demand for cloud-based cyber security solutions would accelerate the
growth of the cyber security market. However, However, growing use of pirated
cyber security solutions, and complexities associated with device security
hinder market growth. Growing demand from emerging economies is expected to
provide numerous growth opportunities in the coming years.
Get More Information Download Sample Copy
: https://www.polarismarketresearch.com/industry-analysis/cyber-security-market/request-for-sample
The cases of
cyber-attacks in the healthcare sector have increased significantly over the
years. The high demand for electronic health records in the black market has
resulted in numerous cyber-attacks. The healthcare sector is prone to
cyber-attacks owing to limited budget allocation by healthcare institutions for
cyber security. The healthcare sector is dominated by small practices and rural
hospitals, which lack the resources for investment in cyber security, thereby
increasing risks of cyber-attacks. However, introduction of affordable cyber
security solutions for healthcare sector, increasing awareness, and growing
incidences of cyber-attacks are expected to promote the adoption of cyber
security in this sector.
North America
generated the highest revenue in the market in 2017, and is expected to lead
the global market throughout the forecast period. The increase in number of
cyber-attacks, and growing trend of BYOD drive the market growth in the region.
The growing penetration of mobile devices, and technological advancements
further support market growth in the region. The increasing spending on data
protection in BFSI and defense sectors in the region further promote market
growth in the region. Asia-Pacific is expected to grow at the highest CAGR
during the forecast period owing to growing need for data privacy across
various industries in the developing countries of the region.
Else place an Inquire before Purchase “Cyber
Security Market Share | Size | Industry Trend Analysis Report” : https://www.polarismarketresearch.com/industry-analysis/cyber-security-market/inquire-before-buying
The end-users
in cyber security market include BFSI, IT & Telecom, healthcare, retail,
defense and government, travel and hospitality, and others. In 2017, the
defense and government segment accounted for the highest market share owing to
increasing need to protect sensitive data and avoid cyber-attacks. The growing
government spending to provide enhanced cyber security to the public sector and
increasing implementation of cyber security installations in the defense
sector, especially in developing countries, supports the market growth in this
sector. The increasing adoption of cloud-based cyber security in this sector is
expected to support market growth in the coming years.
The
well-known companies profiled in the report include Symantec Corporation, Cisco
Systems Inc., BAE Systems Inc., EMC Corporation, Hewlett-Packard Enterprise,
Intel Security, Palo Alto Networks, Proofpoint Inc., LogRhythm Inc., IBM
Corporation, Fortinet, Inc., and Centrify Corporation among others. These
companies launch new products and collaborate with other market leaders to
innovate and launch new products to meet the increasing needs and requirements
of consumers.
About Polaris Market Research
Polaris
Market Research is a global market research and consulting company. The company
specializes in providing exceptional market intelligence and in-depth business
research services for our clientele spread across different enterprises. We at
Polaris are obliged to serve our diverse customer base present across the
industries of healthcare, technology, semi-conductors and chemicals among
various other industries present around the world
For more
information: https://www.polarismarketresearch.com/
No comments:
Post a Comment