Global Cyber Security Market 2017-2021 - Latest Trend Gaining Momentum in the Market is Adoption of IoT

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14 Sep, 2017, 14:00 GMT

DUBLIN, September 14, 2017 /PRNewswire/ --

The "Global Cyber Security Market 2017-2021" report has been added to Research and Markets' offering.

The global cyber security market to grow at a CAGR of 12.88% during the period 2017-2021.

The report covers the present scenario and the growth prospects of the global cyber security market for 2017-2021. To calculate the market size, the report considered revenues generated from the sale of cyber security solutions that include software suits and services. The report also includes a discussion of the key vendors operating in this market.

The latest trend gaining momentum in the market is Adoption of IoT. IoT is an interconnection between devices, and allows the exchange of large volumes of data stored in the cloud. These data, however, need to be organized to simplify data analysis and presentation. IoT enables better connectivity and resolves all critical situations. The technology is expected to be integrated with advanced features in the future, empowering it to perform better functions. For instance, devices installed in homes can be controlled with mobile applications such as controlling power and temperature with thermostats.

According to the report, one of the major drivers for this market is Increase in use of mobile devices. With the increasing adoption of mobile devices, such as mobile phones, laptops, and tablets, the need for cyber security solutions is increasing. One of the major reasons for this is the increasing access to the Internet through such devices, which is increasing the chances of cyber threats. Furthermore, the use of mobile devices for personal and professional use is increasing the access to critical data and information, which will increase the chance of unauthorized access in case of a stolen mobile device. With technological advances, the acceptance of mobile devices for m-commerce, bill payment, and GPS is also increasing. The confidential information accessed by mobile devices requires high-level security against hacking. Hence, there is high demand for advanced cyber security solutions.

Further, the report states that one of the major factors hindering the growth of this market is High cost of deployment. One of the major challenges for the global cyber security market is the high deployment cost of cyber security solutions. The total installation cost includes the cost of software licensing, system designing and customization, implementation, training, and maintenance for an individual organization. An organization must recruit IT staff for proper implementation of the cyber security software, which incurs additional cost. In addition, existing employees must be trained on the functioning of cyber security solutions. The maintenance of on-premises cyber security solution requires in-house IT administration staff to manage and control issues, which would result in high implementation cost.

Key vendors

  • Booz Allen Hamilton
  • Lockheed Martin
  • McAfee
  • Symantec
  • Trend Micro

Other prominent vendors

  • Boeing
  • Brocade Communications Systems
  • Check Point Software Technologies
  • Cisco Systems
  • Dell EMC
  • F-Secure
  • Fortinet
  • General Dynamics
  • Hewlett Packard Enterprise
  • IBM
  • Kaspersky Lab
  • Juniper Networks
  • L3 Technologies
  • Microsoft
  • Northrop Grumman
  • Raytheon
  • Sophos

Key Topics Covered:

PART 01: Executive summary

PART 02: Scope of the report

PART 03: Research Methodology

PART 04: Introduction

PART 05: Market landscape

  • Market overview
  • Product lifecycle
  • Market size and forecast

PART 06: Market segmentation by deployment

  • Market overview
  • On-premises solutions
  • Cloud-based solutions

PART 07: Market segmentation by end-users

  • Market overview
  • Government sector
  • BFSI sector
  • Manufacturing sector
  • ICT sector
  • Retail sector
  • Healthcare sector

PART 08: Geographical segmentation

PART 09: Decision framework

PART 10: Drivers and challenges

PART 11: Market trends

PART 12: Five forces analysis

PART 13: Vendor landscape

PART 14: Appendix

For more information about this report visit https://www.researchandmarkets.com/research/wpzhrp/global_cyber

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