Market Trend : Cyber Security Market Globally Grow at a CAGR of 12.88% by Revenue During the Period 2018-2021

Cyber threats are the Internet-based attempts to disrupt or damage information systems and hack critical information using spyware, malware, and phishing.

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Cyber security solutions help organizations to monitor, detect, report, and counter cyber threats to maintain data confidentiality. The adoption of cyber security solutions is expected to grow with the increasing Internet penetration among developing and developed countries. In addition, the expanding wireless network for mobile devices has increased data vulnerability.

Technavios analysts forecast the global cyber security market to grow at a CAGR of 12.88% during the period 2017-2021.

Covered in this report
The report covers the present scenario and the growth prospects of the global cyber security market for 2017-2021. To calculate the market size, the report considered revenues generated from the sale of cyber security solutions that include software suits and services.

The market is divided into the following segments based on geography:
North America
Europe
APAC
Latin America
MEA

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Technavio's report, Global Cyber Security Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
Booz Allen Hamilton
Lockheed Martin
McAfee
Symantec
Trend Micro

Other prominent vendors
Boeing
Brocade Communications Systems
Check Point Software Technologies
Cisco Systems
Dell EMC
F-Secure
Fortinet
General Dynamics
Hewlett Packard Enterprise
IBM
Kaspersky Lab
Juniper Networks
L3 Technologies
Microsoft
Northrop Grumman
Raytheon
Sophos

Market driver
Increase in use of mobile devices
For a full, detailed list, view our report

Market challenge
High cost of deployment
For a full, detailed list, view our report

Market trend
Adoption of IoT
For a full, detailed list, view our report

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Key questions answered in this report
What will the market size be in 2021 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?

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