Cyber Security Market Share of 15% in 'Cloud' by 2025

Nov 26, 2015, 05:00 ET from ReportsnReports

PUNE, India, November 26, 2015 /PRNewswire/ --

The Global Cyber Security Market 2015-2025 report says Network security, Data security and Identity and Access security are expected to account for the top three largest shares of the industry over the forecast period with Cloud security growing steadily.

Complete report on cyber security market to 2025 spread across 160 pages, mentioning 17 major companies and supported with 77 tables and 96 figures is now available at http://www.reportsnreports.com/reports/443295-the-global-cyber-security-market-2015-2025.html .

Lockheed Martin Corporation, Panda Security, Booz Allen Hamilton, CACI, NetCentrics (Hyastax Technology), Airbus DS Communications, Raytheon, CRGT, Digital Management Inc, KEYW, Northrop Grumman, Camber Corporation, Check Point Software Technologies, General Dynamics, Mantech International Corporation, BAE Systems Detica and Thales are the companies discussed in this cyber security market report for 2015 to 2025.

The industry is expected to be worth US$11.4 billion in 2015 and forecast to reach US$17.3 billion by 2025, representing a CAGR of 4.23% during the forecast period. The market is expected to be dominated by North America, occupying 56% of the market share, followed by Asia-Pacific, and Europe. Middle East, Latin America and Africa are expected to account for the remaining 10% of the overall market. The network security market is estimated to account for 44% of the global cyber security market. Data security and Identity and Access security are also expected to account for a significant portion of the total cyber security market during the forecast period, with shares of 25% and 16% respectively. Cloud security will account for the remaining 15% of global cyber security expenditure.

This research provides an in-depth analysis of cyber security market size and drivers, recent developments and industry challenges, SWOT analysis, regional highlights, major programs as well as competitive landscape and strategic insights providing analysis of the competitive landscape of the global market. It provides an overview of key players, together with information regarding key alliances, strategic initiatives, and financial analysis. Order a copy of Global Cyber Security Market 2015-2025 research report at http://www.reportsnreports.com/Purchase.aspx?name=443295 .

Dynamic nature of cyber threats warrants increased spending on innovative technologies, Growing use of Cloud Storage systems to drive demand for Cloud Security and Heightening reliance on IT increasing vulnerability to cyber-attacks are the major demand drivers discussed in this research. Technological developments like Signcryption technology is expected to be part of most of the new cyber security measures , Network based IP sensor to enable detection of cyber attacks , Machine Learning technology to be the new platform for future cyber security measures , FlowID10G to enable constant internet traffic monitoring , Japan developing defensive cyber weapon and US DHS' cyber security division licenses new advanced malware security technology are also covered in the report.

On a related note, another and regional research titled Africa Cyber Security Market by Solution (IAM, Risk and Compliance Management, IDS/IPS, Encryption, Antivirus and Antimalware, Firewall, DLP, UTM, Security and Vulnerability management, Disaster Recovery and Business Continuity, DDOS Mitigation, Web Filtering) by Service, by Verticals, by Country - Global forecast to 2020 says over the next five years, the market for Africa cyber security market is expected to become highly persistent across its ecosystem, and penetrate the market to a huge extent, covering all geographical territories. Banking, financial services and insurance (BFSI), and energy and utilities have significantly increased their spending on the solutions and services. This rise in the global spending for solutions and services has boosted the market opportunities for the companies providing cyber security solutions. The report brings out the potential across various countries such as Kenya, South Africa, Nigeria, Morocco, and others. The Africa cyber security market is further segmented into each country market by sub-segment, solution, vertical, and service. EMC Corporation, Fortinet, Inc., Cisco Systems, IBM, Symantec Corporation, Check Point Software Technologies Ltd., Mcafee, Inc., Hewlett-Packard, Computer Sciences Corp. (CSC) and Trend Micro, Inc. are companies profiled in this research available at http://www.reportsnreports.com/reports/402131-africa-cyber-security-market-by-solution-iam-risk-and-compliance-management-ids-ips-encryption-antivirus-and-antimalware-firewall-dlp-utm-security-and-vulnerability-management-disaster-recovery-and-business-continuity-ddos-mitigation-web.html .

Explore more reports related to IT and Telecommunications market at http://www.reportsnreports.com/market-research/information-technology/ .

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