Cyber Security Market, By Component (Solution and Services), By Security Type (Network Security, Application Security, Cloud Security, End-point Security, and Wireless Security), By Deployment Mode (Cloud and On-premises), By Organization Size (Small and Medium-Sized Enterprises and Large Enterprises), By End-user Industry (Aerospace and Defense, Government, Banking, Financial Services and Insurance, IT and Telecom, Healthcare, Retail and Manufacturing, and Energy and Utilities), and By Region - Global Industry Insights, Trends, Outlook, and Opportunity Analysis, 2017-2025

Cyber security are security solutions for controlling access to hardware, software, and data, along with protecting them from cyber-attacks and damage that may be caused through Internet, data and code injection. Cyber security permits organizations to protect their data and infrastructure from cyber-attacks by providing solutions, including incident management, Unified Threat Management (UTM), risk and compliance management, and Identity and Access Management (IAM).

Demand for cyber security solutions is increasing significantly due to rising cyber-attacks. For instance, according to Coherent Market Insights analysis, as of July 2017, cybercrime jumped to 84.1% from 68.8% recorded in June. Cyber Espionage slides to 10.1% from 15.6% of June whereas Cyber Warfare plummets to 4.3% from 9.4%. Banking and financial sector is the major sector in cyber security market. This is used for protecting private information of data or cash related to their customers. This confidential data is highly susceptible to cyber-threats. Increasing utilization of mobile devices and rising dependability on Internet of consumers are expected to escalate the overall market growth. For instance, according to Coherent Market Insights analysis, as of 2016 over 68% of global population are already using mobile phones. In addition to that, industries including banking, finance and insurance, government and military, and retail and manufacturing is another factor for growth of the market. The data stored on cloud or on-premises is vulnerable to cyber-attacks by various software such as Trojan horses and viruses, which consequently increases the requirement of cyber security solutions

Banking, Financial Services and Insurance segment is expected to be the largest segment in the market by 2025

The banking and finance sector is witnessing significant changes due to adoption of IT solutions for improvement of banking services. Proliferation in online transactions and increasing use of services such as NEFT (National Electronic Fund Transfer), RTGS (Real-time Gross Settlement Systems), ECS (Electronic Clearing Service) as well as mobile transactions, has led to demand for solutions that aid in carrying out these tractions safely and securely. This is due to the fact that online transactions are vulnerable to hacking. Moreover, increasing number of payment gateways, e-Commerce websites, and mobile application that accept online transactions and store credit card and debit card information are also susceptible to hacking. According to the Reserve Bank of India (RBI), for the year 2015–2016, 16,468 frauds were reported associated with ATM, debit card, credit card, and net banking. In 2014–2015 the number of frauds were 13,083 and 9,500 in the year 2013–14, reported by RBI. Due to these instances, banking and finance industry is increasingly demanding such cyber security solutions.

Cyber Security Market Taxonomy

On the basis of component, the global cyber security market is segmented into:

  • Services
  • Solutions

On the basis of security type, the global cyber security market is segmented into:

  • Network Security
  • Application Security
  • Cloud Security
  • End-Point Security
  • Wireless Security

On the basis of deployment mode, the global cyber security market is segmented into:

  • Cloud 
  • On-Premises

On the basis of organization size, the global cyber security market is segmented into:

  • Small and Medium-Sized Enterprises 
  • Large Enterprises

On the basis of end-user industry, the global cyber security market is segmented into:

  • Aerospace and Defense 
  • Government 
  • Banking, Financial Services, and Insurance 
  • IT and Telecom 
  • Healthcare 
  • Retail and Manufacturing 
  • Energy and Utilities

North America accounted for the largest market share in 2016 in the global cyber security market

The global market has been segmented on the basis of regions into North America, Europe, Asia-Pacific, Latin America, and Middle East and Africa. North America is estimated to account for the largest market share in global cyber security market in 2017. This is due to rising cyber-attacks in this region. U.S. accounted for the major market in the region, owing to constant cyber-attacks on industries such as healthcare, banking and financial, and retail and manufacturing. For instance, according to the Internet Crime Complaint Center (IC3), in 2016, cybercrimes were valued at over US$1.33 billion globally, in which, California witnessed the highest recorded loss with over US$ 255 million. Additionally, in 2016, about 28% of web application attacks were recorded in the U.S. followed by the Netherlands and Germany.

Major players operating in the global cyber security market are International Business Machine (IBM) Corporation, Dell EMC, Hewlett Packard Enterprise (HPE), Intel Corporation, Sophos, Symantec Corporation, McAfee, FireEye Incorporated, Cisco Systems, and Trend Micro Incorporated.

Research Methodology

Coherent Market Insights followsa comprehensive research methodology focused on providing the most precise market analysis. The company leverages a data triangulation model which helps company to gauge the market dynamics and provide accurate estimates. Key components of the research methodologies followed for all our market reports include:

  • Primary Research (Trade Surveys and Experts Interviews)
  • Desk Research
  • Proprietor Data Analytics Model

In addition to this, Coherent Market Insights has access to a wide range of the regional and global reputed paid data bases, which helps the company to figure out the regional and global market trends and dynamics. The company analyses the industry from the 360 Degree Perspective i.e. from the Supply Side and Demand Side which enables us to provide granular details of the entire ecosystem for each study. Finally, a Top-Down approach and Bottom-Up approach is followed to arrive at ultimate research findings.


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Coherent Market Insights desk research is based on a principle set of research techniques:

  • National level desk research: It Includes research analysis of regional players, regional regulatory bodies, regional trade associations, and regional organization.
  • Multinational level desk research: The research team keeps a track of multinational players, global regulatory bodies, global trade associations, and global organization.

Coherent Market Insights has a large amount of in-house repository of industry database. This is leveraged as a burner for initiating a new research study. Key secondary sources include:

  • Governmental bodies, National and international social welfare institutions, and organizations creating economic policies among others.
  • Trade association, National and international media and trade press.
  • Company Annual reports, SEC filings, Corporate Presentations, press release, news, and specification sheet of manufacturers, system integrators, brick and mortar - distributors and retailers, and third party online commerce players.
  • Scientific journals, and other technical magazines and whitepapers.
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Preliminary Data Mining

The raw data is obtained through the secondary findings, in house repositories, and trade surveys. It is then filtered to ensure that the relevant information including industry dynamics, trends, and outlook is retained for further research process.

Data Standardization:

Holistic approach is used to ensure that the granular and uncommon parameters are taken into consideration to ensure accurate results. The information from the paid databases are further combined to the raw data in order to standardize it.

Coherent Statistical model

We arrive at our final research findings through simulation models. Coherent Data Analytics Model is a statistical tool that helps company to forecast market estimates. Few of the parameters considered as a part of the statistical model include:

  • Micro-economic indicators
  • Macro-economic indicators
  • Environmental indicators
  • Socio-political indicators
  • Technology indicators

Data Processing

Once the findings are derived from the statistical model, large volume of data is process to confirm accurate research results. Data analytics and processing tools are adopted to process large chunk of collected informative data. In case, a client customizes the study during the process, the research finding till then are benchmarked, and the process for new research requirement is initiated again.

Data Validation

This is the most crucial stage of the research process. Primary Interviews are conducted to validate the data and analysis. This helps in achieving the following purposes:

  • It provides first-hand information on the market dynamics, outlook, and growth parameters.
  • Industry experts validates the estimates which helps the company to cement the on-going research study.
  • Primary research includes online surveys, face-to face interviews, and telephonic interviews.

The primary research is conducted with the ecosystem players including, but not limited to:

  • Raw Material Suppliers
  • Manufacturers
  • System Integrators
  • Distributors
  • End-users

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