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Cybersecurity – Thematic Research

The global cybersecurity market was valued at $125.5 billion in 2020. The market is expected to grow at a CAGR of more than 9% during the forecast period. Securing hybrid working, coping with ransomware, continuing supply chain threats, and moving to a zero-trust security model as a long-term solution to data breaches will drive strong security growth over the next three years.

In 2021, enterprises invested more in cybersecurity and cloud architecture due to employees working remotely during the pandemic. This also sparked an M&A boom in the tech sector. Most cybersecurity M&A deals in 2021 were related to managed security services, network security, endpoint security, identity management, and cloud security.

Global Cybersecurity Market Overview

Global Cybersecurity Market Overview

For more insights on the global cybersecurity market forecast, download a free report sample

What are the key trends that will impact the global cybersecurity market in the coming months?

The key trends that will impact the global cybersecurity market in the coming months can be divided into three categories: technology trends, macroeconomic trends, and regulatory trends.

Technology trends

Some of the main technology trends that will impact the cybersecurity market are ransomware, cloud security, chip-based security, supply chain threats, critical national infrastructure threats, IoT threats, artificial intelligence (AI) threats, insider threats, the growing use of managed security services, new vulnerabilities, zero trust adoption, password-less security, and extended detection and response (XDR).

Macroeconomic trends

The main macroeconomic trends that will impact the cybersecurity market are the Ukraine conflict, COVID-19, cyber budgets, state-sponsored attacks, the cyber skills shortage, cybersecurity & elections, overworked chief information security officers (CISOs), and an increase in financial sector cyberattacks.

Regulatory trends

The main regulatory trends that will impact the cybersecurity market are US banks’ breach reporting, cooperation on supply chain security, mandatory disclosure of cyberattacks, EU cybersecurity legislation, and consumer software security standards.

What are the different value chains in the global cybersecurity market?

The value chains in the global cybersecurity market can be divided into three segments: hardware, software, and services.

Hardware

With chips now being used in mission-critical servers and safety-critical applications, protecting chips from cyberattacks is becoming more critical and more expensive. Systems vendors such as Apple and Amazon are increasingly designing their chips rather than buying commercially developed devices and intellectual property (IP) created by third-party developers.

Software

The software element of the cybersecurity value chain comprises the following areas: identity management, network security, endpoint security, threat detection & response, cloud security, data security, email security, application security, unified threat management, and vulnerability management.

Services

The services element of the cybersecurity value chain comprises the following areas: managed security services, post-breach response services, and risk & compliance services. Services are typically outsourced because of the complexity of addressing cybersecurity-related issues, such as staying on top of vulnerabilities, identifying & responding to threats, and meeting compliance requirements.

Which are the leading public sector companies in the global cybersecurity market?

Some of the leading public sector companies in the global cybersecurity market are Accenture, Alphabet, Check Point Software, Cisco, Cloudflare, CrowdStrike, Darktrace, Dell Technologies, Fortinet, IBM, Microsoft, and Palantir Technologies.

Which are the leading private sector companies in the global cybersecurity market?

The leading private sector companies in the global cybersecurity market are Cybereason, Code42, ForgeRock, Illumio, Lookout, Netskope, OneTrust, Socure, Snyk, and Tanium.

Market report scope

Market size (Year – 2020) $125.5 billion
CAGR >9%
Forecast period 2020 to 2025
Key trends Technology Trends, Macroeconomic Trends, and Regulatory Trends.
Value chains Hardware, Software, and Services.
Public sector companies Accenture, Alphabet, Check Point Software, Cisco, Cloudflare, CrowdStrike, Darktrace, Dell Technologies, Fortinet, IBM, Microsoft, and Palantir Technologies
Private sector companies Cybereason, Code42, ForgeRock, Illumio, Lookout, Netskope, OneTrust, Socure, Snyk, and Tanium

Scope

  • This report provides an overview of the cybersecurity theme.
  • It identifies the key trends impacting the growth of the theme over the next 12 to 24 months, split into three categories: technology trends, macroeconomic trends, and regulatory trends.
  • It includes comprehensive industry analysis, including market size forecasts for cybersecurity and analysis of patents, company filings, hiring, and social media trends.
  • It contains details of M&A deals driven by the cybersecurity theme, and a timeline highlighting milestones in the development of cybersecurity.

Reasons to Buy

  • In a little over a decade, according to the World Economic Forum (WEF) Global Risks Report, cybercrime has moved from being a specialist crime to one of the most significant strategic risks facing the world today. This report provides an invaluable guide to this extremely disruptive theme. It includes comprehensive lists of the leading players across all aspects of the cybersecurity value chain, helping companies identify the right partners.
  • The report also includes a guide to the major threat actors and looks at the main types of cyberattacks, from un-targeted attacks like phishing to targeted attacks like distributed denial of service (DDoS).

Key Players

Accenture

Airbus

Akamai

Alert Logic

Analog Devices

Apple

Arm

AT&T

BAE Systems

Barracuda

Broadcom

Cadence Design Systems

Check Point Software

Cisco

Cloudera

Cloudflare

Contrast Security

CrowdStrike

CyberArk

Darktrace

Dell

Exabeam

Expanse

EY

F5 Networks

Forcepoint

Fortinet

Google

Helpsystems

Huawei

IBM

iFlytek

Infineon

Intel

Ironscales

Juniper Networks

KPMG

LastPass

Lockheed Martin

Lumen Technologies

Marvell

Megvii

Mentor Graphics

Micro Focus

Microsoft

Mimecast

Netskope

Nokia

NTT Data

NXP

Okta

One Identity

Orange

Palo Alto Networks

Proofpoint

PWC

Qualys

Rapid7

Renesas

Samsung Electronics

SecureOne

Secureworks

Sentinel One

Singtel

SkyBox Security

Snyk

Sophos

Splunk

STMicro

Synopsys

Tanium

Tenable

Threatmodeler

Trellix

Trend Micro

Veracode

Verizon

Versa

VMware

WatchGuard

WhiteHat Security

Zscaler

Table of Contents

Executive summary

Players

Technology Briefing

Trends

Industry Analysis

Value Chain

Companies

Sector Scorecards

Glossary

Further Reading

Thematic Research Methodology

Frequently Asked Questions

The global cybersecurity market size was valued at $125.5 billion in 2020.

 

 

 

 

 

The global cybersecurity market is expected to grow at a CAGR of more than 9% during the forecast period.

The key trends that will impact the global cybersecurity market in the coming months can be divided into three categories: technology trends, macroeconomic trends, and regulatory trends.

The value chains in the global cybersecurity market can be divided into three segments: hardware, software, and services.

Some of the leading public sector companies in the global cybersecurity market are Accenture, Alphabet, Check Point Software, Cisco, Cloudflare, CrowdStrike, Darktrace, Dell Technologies, Fortinet, IBM, Microsoft, and Palantir Technologies.

The leading private sector companies in the global cybersecurity market are Cybereason, Code42, ForgeRock, Illumio, Lookout, Netskope, OneTrust, Socure, Snyk, and Tanium.

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