Worldwide Cyber Security Market Analysis & Forecasts 2015-2020

Jul 07, 2015, 07:02 ET from Research and Markets

DUBLIN, June 30, 2015 /PRNewswire/ --

Research and Markets(http://www.researchandmarkets.com/research/6rnzl9/cyber_security) has announced the addition of the "Cyber Security Market by Solution - Global Forecast to 2020" report to their offering.

Cyber security is one of the alarming concerns in many critical domains such as aerospace, defense, and intelligence; Banking, Financial Services, and Insurance (BFSI), government, and manufacturing. Among the most important industries, aerospace and defense accounts for the largest market share during the forecast period owing to the increase in need to protect sensitive information regarding government, prime contractors, and suppliers.

Introduction of Internet of Things (IoT) has opened various opportunities for hackers to attack at various end points and devices, resulting into increase in cyber-attacks. Apart from this, the growing number of mobile workforce, in support of trends such as Bring Your Own Device (BYOD), blooming cloud-based services, and Advanced Persistent Threats (APTs) present a comprehensive opportunity for research and development in cyber security product and service portfolio. Apart from these, factors such as the need for unified cyber solutions, strict compliance and data disclosure mandates, risk over maintenance of sensitive data, emerging cloud computing, and enhanced enterprise mobility are boosting up the demand for cyber security solutions. The cyber security market unfolds various opportunities such as partnerships & collaboration and mergers & acquisitions by the developed players for exploring new product lines. Taking into account all these factors, the cyber security market is estimated to further grow substantially in the upcoming years.

The report carefully analyzes the various types of cyber security such as network security, cloud security, endpoint security, application security, wireless security, content security, and their various requirements in organizations.

The global cyber security report is segmented on the basis of type, solution, service, vertical, and region.

The cyber security types include network security, endpoint security, application security, content security, wireless security, and cloud security.

The services are segmented as consulting, design & integration, risk & threat assessment, managed security services, and training & education.

The market is segmented into solutions such as identity & access management, risk & compliance management, encryption, data loss prevention, unified threat management, firewall, antivirus & antimalware, Intrusion Detection System (IDS)/Intrusion Prevention System (IPS), Security Information and Event Management (SIEM), disaster recovery, Distributed Denial of Service (DDoS) mitigation, and whitelisting.

In addition, the report classifies the industry verticals as aerospace, defense, and intelligence; government; BFSI; telecommunication; healthcare; retail; manufacturing; and others.

The players aggressively active in this domain are Cisco, IBM, Booz Allen Hamilton, CSC, Lockheed Martin, Northrop Grumman, Symantec, Sophos, Trend Micro, and McAfee. These players along with the new start-ups in the market are expected to develop more advanced and user-friendly solutions to combat continuously evolving cyber threats.

For more information visit http://www.researchandmarkets.com/research/6rnzl9/cyber_security

Media Contact: Laura Wood , +353-1-481-1716, press@researchandmarkets.net

SOURCE Research and Markets



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