Cyber Security Market is Expected to Reach USD 261.07 Billion, at a CAGR of 14.15% During the Forecast Period 2019-2024

This report helps to analyze competitive developments such as Joint Ventures, Strategic Alliances, Mergers and Acquisitions, New Product Developments, And Research and Developments in the “Global Cyber Security Market”.

Manhattan, United States - May 16, 2019 /MarketersMedia/ —

Market Overview
The Cyber Security Market was valued at USD 119.61 billion in 2018, and is expected to reach USD 261.07 billion by 2024, at a CAGR of 14.15% during the forecast period (2019-2024). Cyber security is an integral part of every single organization across the world. The need for security solutions has been marked by private financial and banking services sectors being victims of cyber-attacks worth a couple of billion dollars in the past couple of years. The adoption of cyber security solutions is expected to grow with the increasing penetration of internet among the developing and developed countries. Also, the expanding wireless network for mobile devices has increased data vulnerability, making cyber security an integral part of every single organization across the world.

- The key drivers for cyber security market are the increasing government regulations on data privacy, rising cyber threats, and increasing number of data centers, which are the most significant revenue generators for the cyber security market.

- The total number of reported cyber security incidents witnessed a steep increase over the past few years, leading to increased emphasis on data security and protection. The formation of hacking groups that deal with ethical and large-frame hacking, causing huge losses, has created a dire need for cyber security in the market.

- Factors hindering the growth of the market are lack of awareness and availability of pirated cyber security solutions. Several governments across the globe have gradually warmed up to the need for joint collaborations and initiatives to counter frequent breaches and attacks.

Get More Details Request Latest and Updated PDF Sample of Cyber Security Market report@ http://www.arcognizance.com/enquiry-sample/381368

Scope of the Report
Cyber security solutions help an organization to monitor, detect, report, and counter cyber threats to maintain data confidentiality. Cyber security refers to the protection of computer systems from theft or damage to their hardware, software, or electronic data, as well as from disruption or misdirection of the services they provide.

Key Market Trends
Aerospace and Defense Segment is Expected to Witness a Significant Growth

- 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 cyber security to counter cyber terrorism has driven the growth of the cyber security market in this sector immensely for the past few 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 across the public and private sectors. Therefore, organizations are expected to install robust and critical infrastructure to deal with cyber security issues.

- Defense companies, such as BAE Systems PLC, General Dynamics Corporation, Finmeccanica S.p.A., are engaged in developing cyber security 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.

Check Discount@ http://www.arcognizance.com/discount/381368

North America to Account for the Largest Market Share

- North America is expected to retain its position as the largest market for cyber security 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.

- Owing to the increasing cyber incidents in the country, the government is significantly investing in dealing with these cyber attacks. According to the recent annual budget plans of the Trump government, the US government has earmarked more than USD 19 billion for cyber security related initiatives. This was majorly due to the increasing number of cyber attacks in the nation.

- Also, the National Institute of Cybersecurity Careers and Studies (NICCS) has been playing a proactive role in increasing awareness, by providing training programs to the stakeholders.

- Furthermore, in terms of private companies, major technological giants, such as Microsoft Corp. and IBM, have been investing heavily on their cyber security R&D initiatives in a bid to keep up with the heterogeneous nature of the cyber threats.

Competitive Landscape
The cyber security market is fragmented. It is a highly competitive market with a number of players and no dominant player present.

- February 2019 - Huawei offered to launch a cyber security center in Poland. The company made a statement stating that they are ready to establish a cyber security center if the authorities accept it as a trusted solution.

- 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.

Purchase this Report@ http://www.arcognizance.com/purchase/381368

Reasons to Purchase this report:
- The market estimate (ME) sheet in Excel format
- Report customization as per the client's requirements
- 3 months of analyst support

Major Point of TOC:
Chapter One: INTRODUCTION
Chapter Two: RESEARCH METHODOLOGY
Chapter Three: EXECUTIVE SUMMARY
Chapter Four: MARKET INSIGHTS
Chapter Five: MARKET DYNAMICS
Chapter Six: MARKET SEGMENTATION
Chapter Seven: COMPETITIVE LANDSCAPE
Chapter Eight: INVESTMENT ANALYSIS
Chapter Nine: MARKET OPPORTUNITIES AND FUTURE TRENDS

About Us:
"Analytical Research Cognizance" is an initiation in this new era of “analysis @ thought.” We are on a mission to replace the conventional research programs and give way to the latest methods and information for the organizations. We have created this hub of analytical research papers where you can get an access to the latest and the best research papers coming out from some reliable and budding research houses.

Contact Info:
Name: Matt Wilson
Email: Send Email
Organization: Analytical Research Cognizance
Address: 100 Church Street, 8th floor Manhattan, New york, 10007
Phone: +1 (646) 434-7969, +91 90967 44448
Website: http://www.arcognizance.com/report/cyber-security-market-growth-trends-and-forecast-2019-2024

Source URL: https://marketersmedia.com/cyber-security-market-is-expected-to-reach-usd-26107-billion-at-a-cagr-of-1415-during-the-forecast-period-2019-2024/513292

Source: MarketersMedia

Release ID: 513292

More News From The Financial Capital

Indian authorities begin easing clampdown in Kashmir

Aug 18, 2019

NEW DELHI — Authorities in Indian-administered Kashmir began restoring landline phone services on Saturday after a nearly two-week security crackdown and news blackout following a decision by India's government to downgrade the Muslim-majority region's autonomy. Shahid Choudhary, a government administrator in Srinagar, the region's main city, said restrictions were being lifted in most areas and government offices were open. He also said on Twitter that food and other supplies were available "in abundance." Police said restrictions on the movement of people were relaxed in several parts of the region. "Situation remains peaceful," they said on Twitter. Rohit Kansal, another administrator...

Cathay Pacific CEO resigns after Beijing pressure

Aug 18, 2019

HONG KONG — The CEO of Cathay Pacific Airways, one of Hong Kong's most prominent companies, resigned Friday following pressure by Beijing on the carrier over participation by some of its employees in anti-government protests. Rupert Hogg became the highest-profile corporate casualty of official Chinese pressure on foreign and Hong Kong companies to support the ruling Communist Party's position against the protesters. Beijing jolted companies last week when it warned Cathay Pacific employees who "support or take part in illegal protests" would be barred from flying to or over the mainland. Cathay Pacific said a pilot who was charged with...

China threatens retaliation if US tariff hikes go ahead

Aug 18, 2019

BEIJING — China on Thursday threatened retaliation if Washington steps up their war over trade and technology by going ahead with planned Sept. 1 tariff hikes on additional Chinese imports. Beijing will take unspecified "necessary countermeasures," the Cabinet said in a one-sentence statement. It gave no details or any indication plans for trade talks in Washington in September might be affected. The mounting tension has unnerved financial markets that worry the global economy will tip into recession. President Donald Trump says he plans to impose 10% duties on an additional $300 billion of Chinese imports, extending penalties to almost everything...

Global stocks lower after US falls on recession fear

Aug 18, 2019

BEIJING — Global stock markets were mostly lower Thursday after Wall Street fell on mounting fears of a possible recession. Benchmarks in London, Tokyo and Sydney declined while Shanghai closed higher after spending most of the day in negative territory. Frankfurt was unchanged. U.S. investors dumped stocks Wednesday, sending the Dow Jones Industrial Average into its biggest one-day drop of the year, after the yield on 10-year Treasury bonds crossed a threshold that has correctly predicted many past recessions. That erased the previous day's gains from a rally that began after President Donald Trump delayed tariffs on about $160 billion...

Hong Kong Umbrella Movement leader released on bail

Aug 18, 2019

HONG KONG — A top opposition leader imprisoned on public disorder charges was released on bail Thursday as Hong Kong's government attempts to quell a protest movement that has paralyzed parts of the territory, including its international airport, and led to hundreds of arrests. Benny Tai was sentenced to 16 months as one of nine leaders of a 2014 drive for universal suffrage known as the Umbrella Movement. He was allowed to return home on $12,755 cash bail but barred from leaving Hong Kong. The 2014 movement fizzled, its demands unmet and leaders arrested. However, it laid the groundwork for...

Sign up now!

The Financial Capital is your independent source for finance information and advice. We provide insights and offer advice from financial experts so you can make the best decisions.

Contact us: sales[at]thefinancialcapital.com