Pune, India -- (SBWIRE) -- 01/26/2019 -- Cyber Security Market factual looking over is an all-around examination giving gather investigation of the business for the period 2018– 2023. In any case the Cyber Security Market report which covers Market characteristics, industry structure and commutative scene, the issues, need thoughts, nearby business approaches Market ampleness.

Cyber Security Market Report gives strategists, marketing experts and senior association with the principal data they have to survey the Cyber Security Market. Close by deliberately isolating the key little scale Market, the report in like way bases on industry-explicit drivers, controls, openings and difficulties in the Cyber Security Market. This investigation report offers all the way examination of the market measure (wage), bit of the general business, certifiable market parcels, and contrasting geographic locale, check for the going with five years, key market players, and premium industry plans. It in addition rotates around the key drivers, controls, openings and difficulties.

The major players include - IBM CORPORATION, CISCO SYSTEMS, INC., DELL TECHNOLOGIES, INC., RAPID7, INC., INTEL SECURITY, CHECK POINT SOFTWARE TECHNOLOGIES LTD, SYMANTEC CORPORATION, and TREND MICRO, INC., amongst others.

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The global cybersecurity market was valued at USD 103.84 billion in 2017 and is expected to reach a value of USD 242.57 billion by 2023 at a CAGR of 15.19% over the forecast period of 2018–2023.

Cyber threats are internet-based attempts to damage or disrupt information systems and hack critical information using spyware, malware, and phishing. Cybersecurity solutions help an organization to monitor, detect, report, and counter cyber threats to maintain data confidentiality.

The adoption of cybersecurity solutions is expected to grow with the increasing penetration of internet among developing and developed countries. Also, the expanding wireless network for mobile devices has increased data vulnerability making cybersecurity an integral part of every single organization across the world.

Aerospace and Defense Industry to Stay on Top

Airplane navigation and guidance systems can be highly susceptible to cyber-attacks, which can have widespread ramifications. Hence, the computers and networks for all the ground and air-borne operations need strong security infrastructure. The increasing adoption of Machine-to-Machine Technologies (M2M) in the aerospace domain and the focus of the governments on cybersecurity to counter cyber terrorism has driven the growth of the cybersecurity market in this sector immensely, in the past four years.

The Aerospace Industries Association (AIA) has long focused on promoting policies that strengthen the aerospace and defense industry and convening the crucial conversations on these same policies and issues with key stakeholders from across the public and private sectors. Defense companies, such as BAE Systems PLC, General Dynamics Corporation, Finmeccanica S.p.A., are engaged in developing cybersecurity solutions in the defense industry, especially in developing network security solutions and software, to prevent cyber-attacks on military software systems, proving the increasing demand from the sector.

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North America Holds the Largest Share

North America is expected to retain its position as the largest market for cybersecurity solutions, over the forecast period. The strong presence of several market incumbents, coupled with recent security threats in the region, are expected to drive the adoption of these solutions further. According to the recent annual budget plans of Trump government, the United States government has earmarked more than USD 19 billion for cybersecurity-related initiatives. This was majorly due to the increasing number of cyber-attacks in the nation.

The total number of cybersecurity incidents reported by federal agencies in the United States have drastically increased from 5,503 in 2006, to 77,183 in 2015. In 2016, the United States businesses sector was estimated to have recorded the highest number of data breaches ever, constituting about 45% of the total data breach incidents reported in the country, followed by medical/healthcare sector at 35%, and education sector at 10%. Such high levels of data breach activities are forcing the North American countries to strengthen their security systems, allowing huge opportunities to the cybersecurity market.

Key Developments in the Market

- May 2017: IBM launched new incident response capabilities, which are part of its resilient security portfolio, to enable companies to address the new General Data Protection Regulation (GDPR). These capabilities are designed to help clients rehearse, prepare for, and manage the new regulations. GDPR is one of the biggest changes in data privacy.

Reasons to Purchase the Report

- Current and future cyber security market outlook in the developed and emerging markets.
- Analyzing various perspectives of the market with the help of Porter's Five Forces Analysis.
- The segment that is expected to dominate the market.
- Regions that are expected to witness the fastest growth during the forecast period.
- Identify the latest developments, market shares, and strategies employed by the major market players.
- 3-month analyst support along with the Market Estimate sheet (in Excel).

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Price of Cyber Security Market Report (Single User Licence): $ 4250

Cyber Security Market Forecast 2018-2023

The following part additionally reveals insight into the hole among supply and discussion. Aside from the said data, development rate of Cyber Security Markets in 2023 is additionally clarified. Furthermore, type astute and application savvy counsel tables and figures of Cyber Security Market is likewise given.

Customization of Report:

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