Cyber Security Market to Reach $258.99 Bn, Globally, by 2025 at 11.9% CAGR: Allied Market Research

PORTLAND, Oregon, May 15, 2019 /PRNewswire/ -- Allied Market Research published a report, titled, "Cyber Security Market By Component (Solutions and Services), Solution/Offerings (Identity and Access Management, Infrastructure Security, Governance, Risk, & Compliance, Unified vulnerability management service offering, and Data security and Privacy service offering), Deployment type (Cloud and On-Premises), User type (Large enterprises and Small & Medium enterprises), And Industry Verticals (Aerospace and Defense, BFSI, Public sector, Retail, Healthcare, IT and Telecom, Energy and Utilities, Manufacturing, and Others): Global Opportunity Analysis And Industry Forecast, 2018–2025." According to the report, the global cyber security market garnered $104.60 billion in 2017, and is expected to generate $258.99 billion by 2025, growing at a CAGR of 11.9% from 2018 to 2025.

Surge in trend of IoT & BYOD, rise in threats of malware and phishing among enterprises, and increase in demand for cloud-based cyber security solutions facilitate the market growth. On the other hand, complexities related to security of devices and budgetary constraints hinder the growth of the market. Contrarily, increase in requirement for strong authentication methods and transformation in the antivirus industry create new growth opportunities for the market.

Download Sample at: https://www.alliedmarketresearch.com/request-sample/1770

Solutions segment to continue its dominant share in terms of revenue by 2025

Based on component, the solutions segment accounted for more than two-thirds of the total market share, and is projected to continue its dominant share in terms of revenue by 2025. This is attributed to surge in requirements for monitoring external and in-house threats in large and small & medium enterprises. On the other hand, the services segment is expected to grow at the fastest CAGR of 13.8% from 2018 to 2025. This is due to rise in adoption of digital technologies across the different industries and need for data privacy and protection.

On-premise segment to dominate by 2025

On the basis of deployment type, the on-premise segment held the major share in 2017, contributing nearly three-fifths of the total market share. This is due to surge in adoption of cyber security solutions by large enterprises and rise in need to secure critical data from cyberattacks in an organization. Contrarily, the cloud segment would register the fastest growth rate with a CAGR of 13.9% from 2018 to 2025, owing to demand for cloud-based cyber security solutions along with low maintenance and capital costs.

For Purchase Enquiry: https://www.alliedmarketresearch.com/purchase-enquiry/1770

North America to maintain its lead in terms of revenue throughout the forecast period

North America accounted for nearly one-third of the total market share in 2017, and will maintain its lead in terms of revenue throughout the forecast period. This is due to increase in dependency on social media applications and internet. However, Asia-Pacific is expected to register the largest CAGR of 13.6% during the forecast period, owing to penetration of internet and smartphones in countries including China and India leading to increase in adoption of cyber security measures in the region.

Leading market players

Key market players analyzed in the research include Accenture, Cognizant, Capgemini, IBM Corporation, HCL Technologies Limited, Tata Consultancy Services, Symantec Corporation, Wipro Limited, and others.

Access KNOWLEDGE TREE (Premium on-demand, subscription-based pricing model) at: https://www.alliedmarketresearch.com/knowledgetree

Knowledge tree is a cloud-based intelligence platform that offers more than 2,000 selective, off-the-shelf reports on niche markets to enable our clients gain deep insights on the latest trends, dynamic technologies, and emerging application areas.

Similar Reports:

Global Hybrid Cloud Market Expected to Reach $171,926 Million by 2025

The software as a service (SaaS) segment dominated the overall hybrid cloud market in 2017 and is expected to continue this trend during the forecast period, due to growth in demand for SaaS as numerous users are seeking more purpose-built and customized solutions that can meet their specific business outcomes.

Infrastructure-as-a-Service Market Expected to Reach $92,075 Million by 2023

The global IaaS market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. Growth in enterprise mobility and extensive wireless connectivity have contributed to the growth of the IaaS in North America and Europe.

About Us

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

Contact:

David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
USA/Canada (Toll Free):
+1-800-792-5285, +1-503-894-6022, +1-503-446-1141
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1(855)550-5975
help@alliedmarketresearch.com

Web: https://www.alliedmarketresearch.com

Logo: https://mma.prnewswire.com/media/636519/Allied_Market_Research_Logo.jpg