Cybersecurity market size and growth predictions

Cybersecurity market size and growth predictions

sybersecurity market size and growth predictions

In this post we will present you the sybersecurity market size and its growth for the next years according to various sources.

Definition: Cybersecurity is the body of technologies, processes and practices designed to protect networks, computers, programs and data from attack, damage or unauthorized access. In a computing context, the term security implies cybersecurity.

Cyber Security Market is consisted of IAM, Encryption, DLP, Risk and Compliance Management, IDS/IPS, UTM, Firewall, Antivirus/Antimalware, SIEM, Disaster Recovery, DDOS Mitigation, Web Filtering, and Security Services.

Cyber Security Market worth $170.21 Billion by 2020

The cyber security market is estimated to grow at a compound annual growth rate (CAGR) of 9.8​% from 2015 to 2020, according to a report from Markets and Markets.

http://www.marketsandmarkets.com/PressReleases/cyber-security.asp

Also, Gartner says that Worldwide spending on information security will reach $75 billion for 2015, an increase of 4.7​%​ over 2014

So, the worldwide cybersecurity market continues to grow and grow as defined by market sizing estimates that range from $75 billion in 2015 to $170 billion by 2020.

According to IDC.com, the hot areas for growth are security analytics / SIEM (10​%​), threat intelligence (10​% +), mobile security (18​%)​ and cloud security (50​%​).

The top vendors in the cyber security market are IBM, Intel Corporation, Booz Allen Hamilton, CSC, EMC, Lockheed Martin, Northrop Grumman, Sophos, Symantec, Trend Micro

By region

The Europe Cyber Security Market is expected to grow to $35.53 billion by 2019, with an expected CAGR of 7.2% for the period 2013-2019. This market contributes 26.95% of the global market and will slightly fall down to 22.81% by 2019.

The Middle East and Africa Cyber Security Market is expected to grow to $13.43 billion by 2019, with an expected CAGR of 13.7% for the period 2013-2019. This market contributes 7.19% of the global market and will slightly grow to 8.62% by 2019.

The Asia Pacific Cyber Security Market is expected to grow to $32.95 billion by 2019, with an expected CAGR of 14.1% for the period 2013-2019. This market contributes 17.21% of the global market and will slightly grow to 21.16% by 2019.

The Latin America Cyber Security Market is expected to grow to $11.91 billion by 2019, with an expected CAGR of 17.6% for the period 2013-2019. This market contributes 5.18% of the global market and will slightly grow to 7.65% by 2019.

Source: http://www.csoonline.com/article/2946017/security-leadership/worldwide-cybersecurity-market-sizing-and-projections.html

 

 

 

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