Cybersecurity market 2023-2027: A descriptive analysis of parent market, five forces model, market dynamics, and segmentation – Technavio – Yahoo Finance




NEW YORK, Dec. 6, 2022 /PRNewswire/ — According to Technavio, the global cybersecurity market size is projected to grow by USD 203.5 billion from 2022 to 2027. The market is estimated to grow at a CAGR of 13.57% during the forecast period. However, the growth momentum will accelerate. North America held the largest share of the global market in 2022, and the market in the region is estimated to witness an incremental growth of 34%.
Discover some insights on market size before buying the full report. Request a sample report!
Global Cybersecurity Market – Five Forces
The global cybersecurity market is fragmented, and the five forces analysis covers–
Bargaining Power of Buyers
Threat of New Entrants
Threat of Rivalry
Bargaining Power of Suppliers
Threat of Substitutes
Interpretation of Porter’s Five Forces model helps to strategize the business, for entire details – buy the report!
Global Cybersecurity Market – Parent Market Analysis
Technavio categorizes the global cyber security market as a part of the global IT software market. The super parent global IT software market covers companies engaged in developing and producing application systems software, and database management software. The global systems software market covers organizations that are engaged in developing application development and management software, cloud computing software, data center and hosting software, IT management software, mobility software, networking software, security software, and storage software. It excludes companies classified in the development and production of home entertainment software. Our research report has extensively covered external factors influencing the parent market growth during the forecast period.
Find insights on parent market & value chain analysis. Download an exclusive sample!
Global Cybersecurity Market – Customer Landscape
The report includes the market’s adoption lifecycle, from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Global Cybersecurity Market – Segmentation Assessment
Segment Overview
Technavio has segmented the market based on deployment, end-user, and region.
The on-premise segment will grow at the highest rate during the forecast period. On-premises cyber security is considered highly secure as it is managed and maintained by enterprises in the end-user industry. Enterprises have complete control over their on-premises solutions because of monitored and restricted access, and it also allows them to customize the cyber security solution according to their requirements. Such factors will increase segment growth during the forecast period.
Geography Overview
By geography, the global cybersecurity market is segmented into North America, Europe, APAC, South America, and the Middle East and Africa. The report provides actionable insights and estimates the contribution of all regions to the growth of the global cybersecurity market.
North America account for 34% of the global cybersecurity market in 2022. The market in the region is estimated to grow at the fastest pace during the forecast period. The market in the region is driven by factors such as the increased adoption of cyber security solutions by end-user industries, the shift of conventional IT services to internet-based IT systems, growth of end-user industries, increased government initiatives for the implementation of cyber security solutions, and the growing number of IT companies and IT startups. Moreover, US is the key market in North America.
Download a Sample Report
Global Cybersecurity Market – Market Dynamics
Key factors driving market growth
The increase in the use of mobile devices arc furnaces route than the BF-BOF route is the key factor driving the market growth. With the increasing adoption of mobile devices, such as mobile phones, laptops, and tablets, the need for cybersecurity 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 access to critical data and information, which will increase the chance of unauthorized access in case of a stolen mobile device, which in turn will boost the growth of the market in focus during the forecast period.
Recent trends influencing the market
The adoption of IoT is the primary trend in the global cybersecurity market. IoT enables better connectivity and resolves all critical situations and enabled proper communication between systems, devices, and services. This has facilitated the transmission of a huge amount of data through networks at high speed. Owing to an increase in the use of wireless networks for interaction between people and machines, IoT is getting affected by cyber threats. Thus, organizations implementing the IoT are investing heavily in cyber security solutions to overcome their concerns about data theft, which will boost the growth of the market in focus during the forecast period.
Major challenges hindering the market growth
The high cost of deployment is a major challenge to the global cybersecurity market growth. 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 costs. Furthermore, a cyber security solution contains additional hidden costs, such as costs involved in providing knowledge, experience, and skill development of the solution to understand its functionality. Thus, the high cost of deployment will impede the growth of the market in focus during the forecast period.
Drivers, Trends, and Challenges are the factors of market dynamics, which state about consequences and sustainability of the businesses. Find some insights from a sample report!
What are the key data covered in this cybersecurity market report?
CAGR of the market during the forecast period
Detailed information on factors that will drive the growth of the cybersecurity market between 2023 and 2027
Precise estimation of the size of the cybersecurity market and its contribution to the parent market
Accurate predictions about upcoming trends and changes in consumer behavior
Growth of the cybersecurity market industry across APAC, North America, Europe, Middle East and Africa, and South America
Thorough analysis of the market’s competitive landscape and detailed information about vendors
Comprehensive analysis of factors that will challenge the growth of cybersecurity market vendors
Gain instant access to 17,000+ market research reports. 
Technavio’s SUBSCRIPTION platform
Related Reports:
The airport IT spending market size is projected to grow by USD 1.48 billion with a CAGR of 4.89% between 2021 to 2026. The airport IT spending market is segmented by type (operational system, administrative system, and passenger processing system) and geography (APAC, North America, Europe, Middle East and Africa, and South America).
The software testing services market size is projected to grow by USD 1.61 billion with a CAGR of 13.16% between 2021 to 2026. The software testing services market in ANZ segmented by product (application testing and product testing) and end-user (BFSI, telecom and media, manufacturing, retail, and other end-users).
Cybersecurity market Scope
Report Coverage
Details
Page number
180
Base year
2022
Historic Period
2017 -2021
Forecast period
2023 -2027
Growth momentum & CAGR
Accelerate at a CAGR of 13.57%
Market growth 2023-2027
USD 203.5 billion
Market structure
Fragmented
YoY growth (%)
11.69
Regional analysis
North America, APAC, Europe, Middle East and Africa, and South America
Performing market contribution
North America at 34%
Key countries
US, China, Japan, UK, and Germany
Competitive landscape
Leading companies, Market Positioning of Vendors, Competitive Strategies, and Industry Risks
Leading Vendors, Market Positioning of Vendors
AO Kaspersky Lab, Booz Allen Hamilton Holding Corp., Broadcom Inc., Check Point Software Technologies Ltd., Cisco Systems Inc., Dell Technologies Inc., Fortinet Inc., F Secure Corp., General Dynamics Corp., Hewlett Packard Enterprise Co., International Business Machines Corp., Juniper Networks Inc., Lockheed Martin Corp., McAfee LLC, Microsoft Corp., Northrop Grumman Corp., Raytheon Technologies Corp., Sophos Ltd., The Boeing Co., and Trend Micro Inc.
Market Dynamics
Parent Market Analysis; Market growth inducers and obstacles; Fast-growing and slow-growing segment analysis for the forecast period
Customization purview
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.
Table of Contents:
1 Executive Summary
1.1 Market overview
2 Market Landscape
2.1 Market ecosystem
3 Market Sizing
3.1 Market definition
3.2 Market segment analysis
3.3 Market size 2022
3.4 Market outlook: Forecast for 2022-2027
4 Historic Market Size
4.1 Global cyber security market 2017 – 2021
4.2 Deployment Segment Analysis 2017 – 2021
4.3 End-user Segment Analysis 2017 – 2021
4.4 Geography Segment Analysis 2017 – 2021
4.5 Country Segment Analysis 2017 – 2021
5 Five Forces Analysis
5.1 Five forces summary
5.2 Bargaining power of buyers
5.3 Bargaining power of suppliers
5.4 Threat of new entrants
5.5 Threat of substitutes
5.6 Threat of rivalry
5.7 Market condition
6 Market Segmentation by Deployment
6.1 Market segments
6.2 Comparison by Deployment
6.3 On-premise – Market size and forecast 2022-2027
6.4 Cloud-based – Market size and forecast 2022-2027
6.5 Market opportunity by Deployment
7 Market Segmentation by End-user
7.1 Market segments
7.2 Comparison by End-user
7.3 Government – Market size and forecast 2022-2027
7.4 BFSI – Market size and forecast 2022-2027
7.5 ICT – Market size and forecast 2022-2027
7.6 Manufacturing – Market size and forecast 2022-2027
7.7 Others – Market size and forecast 2022-2027
7.8 Market opportunity by End-user
8 Customer Landscape
8.1 Customer landscape overview
9 Geographic Landscape
9.1 Geographic segmentation
9.2 Geographic comparison
9.3 North America – Market size and forecast 2022-2027
9.4 APAC – Market size and forecast 2022-2027
9.5 Europe – Market size and forecast 2022-2027
9.6 Middle East and Africa – Market size and forecast 2022-2027
9.7 South America – Market size and forecast 2022-2027
9.8 US – Market size and forecast 2022-2027
9.9 China – Market size and forecast 2022-2027
9.10 UK – Market size and forecast 2022-2027
9.11 Germany – Market size and forecast 2022-2027
9.12 Japan – Market size and forecast 2022-2027
9.13 Market opportunity by geography
10 Drivers, Challenges, and Trends
10.1 Market drivers
10.2 Market challenges
10.3 Impact of drivers and challenges
10.4 Market trends
11 Vendor Landscape
11.1 Overview
11.2 Vendor landscape
11.3 Landscape disruption
11.4 Industry risks
12 Vendor Analysis
12.1 Vendors covered
12.2 Market positioning of vendors
12.3 AO Kaspersky Lab
12.4 Booz Allen Hamilton Holding Corp.
12.5 Broadcom Inc.
12.6 Check Point Software Technologies Ltd.
12.7 Cisco Systems Inc.
12.8 Dell Technologies Inc.
12.9 F Secure Corp.
12.10 Fortinet Inc.
12.11 General Dynamics Corp.
12.12 Hewlett Packard Enterprise Co.
12.13 International Business Machines Corp.
12.14 Lockheed Martin Corp.
12.15 McAfee LLC
12.16 The Boeing Co.
12.17 Trend Micro Inc.
13 Appendix
13.1 Scope of the report
13.2 Inclusions and exclusions checklist
13.3 Currency conversion rates for US$
13.4 Research methodology
13.5 List of abbreviations
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
Contact
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com/
View original content to download multimedia:https://www.prnewswire.com/news-releases/cybersecurity-market-2023-2027-a-descriptive-analysis-of-parent-market-five-forces-model-market-dynamics-and-segmentation—technavio-301694712.html
SOURCE Technavio
The layoffs and cost-cutting that Intel Corp. executives recently warned about have begun in California, with a couple of hundred employees set to lose their jobs next month, and manufacturing employees worldwide being offered unpaid leave.
Gasoline prices are falling sharply with the national average price targeting even more declines by Christmas.
Russia cut supplies of natural gas to Europe in response to the wave of international sanctions that followed Moscow's invasion of Ukraine.
(Bloomberg) — The digital gold rush in Texas is losing its luster as Bitcoin miners grapple with financial woes, leaving behind what some fear will be a wasteland of unfinished sites and abandoned equipment. Most Read from Bloomberg‘Huge, Missing and Growing:’ $65 Trillion in Dollar Debt Sparks ConcernStocks Hit by Fed-Hike Jitters as US Yields Surge: Markets WrapThird Russian Airfield Hit by Drone as Moscow Accuses UkraineElon Musk’s Impossible Electric Truck Is Getting the Last LaughEx-Deutsc
Plans by California lawmakers to potentially [levy penalties on the oil industry](https://www.wsj.com/articles/california-lawmakers-to-consider-penalties-on-oil-companies-to-fight-high-gas-prices-11670283628) for high profits are ridiculous, Occidental Petroleum Corp. Chief Executive Vicki Hollub says. “I think too many of the politicians just don't understand the industry. They don't understand any industry,” Ms. Hollub said at The Wall Street Journal’s CEO Council Summit Tuesday. California la
General Electric, whose spinoff of its health care and energy companies will leave Evendale-based GE Aerospace as the sole company, bought out every single print add in the New York Times for the first time in the newspaper's history.
Wall Street analysts are busy publishing their 2023 lookahead pieces, and Cowen analyst Jeff Osborne is out with the big one – the firm’s Future of Mobility report. In the nearly 500 page report, Osborne has partnered with 16 other analysts at the firm to map out what’s next in the space – from electrification, to government regulation, to infrastructure, and even 5G and edge computing to give investors the lay of the land. Cowen has also detailed around 50 stocks to target for exposure.
Oil markets swung into a massive redrawing of trade routes Monday as EU's embargo of Russian oil took full effect.
Shares of major oil stocks, including diversified majors Chevron (NYSE: CVX), ExxonMobil (NYSE: XOM), and pipeline giant Kinder Morgan (NYSE: KMI) all fell on Tuesday, declining 2.4%, 3%, and 2.6%, respectively, as of 2:41 p.m. ET. The entire market was down today, as recession fears appeared to loom over most stocks. A recession of course wouldn't be good for any commodity, oil and gas included.
The Zacks Cable Television industry participants like Comcast (CMCSA), Charter Communications (CHTR) and Rogers Communication (RCI) are benefiting from growing demand for high-speed Internet and increased consumption of media amid significant cord-cutting.
If the project receives its final approvals, it will join two other formerly active General Electric properties scheduled for demolition.
Even a dour outlook for the broader stock market couldn't outweigh good news for these companies.
There is no passive income powerhouse sector that investors overlook more than oil refining stocks. For decades, top-flight refiners have run laps around the broader market. No company better represents the overlooked opportunity in oil refiners than Valero Energy (NYSE: VLO).
CEO Erik Nordstrom cited "signs of strain" across all customer cohorts and most pronounced at the lower-income level.
(Bloomberg) — Chinese electric-car juggernaut BYD Co. is looking to get into the lithium business in Latin America and Africa after prices of the key battery component surged to “unreasonable” and “not healthy” levels.Most Read from Bloomberg‘Huge, Missing and Growing:’ $65 Trillion in Dollar Debt Sparks ConcernWall Street Goes Risk Off as Bank CEOs Sound Alarm: Markets WrapEx-Deutsche Bank Trader Builds $6 Billion Fortune on Trading BoomTrump Companies Are Convicted in NY Criminal Tax Fraud Tr
Yahoo Finance Live anchors discuss Starbucks's new tipping system and customer backlash.
Yahoo Finance entertainment reporter Allie Canal joins the Live show to discuss the timeline for consolidation by competitors within the streaming space.
Have an issue with your financial adviser or looking to hire a new one? Email [email protected]
At a time when rival retailers have struggled to address employee demands for higher wages and better benefits, Costco has managed to separate itself from the pack, building on a reputation as one of the friendliest places to work in retail.
PepsiCo Inc. is laying off "hundreds" of workers at the headquarters of its North American snacks and beverages divisions, The Wall Street Journal

source


CyberTelugu

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top

Adblock Detected

Please consider supporting us by disabling your ad blocker

Refresh Page