HOME Research Insight Market Leader - Cybersecurity Market

Market Leader - Cybersecurity Market

Cybersecurity is an approach to protect computers, networks, programs, and data from advanced threats and vulnerabilities, cyber warfare, cyber terrorism, and cyber espionage. This involves a set of security technologies and solutions, tools, policies, security concepts, guidelines, risk management approaches, and professional and managed services, to protect networks, computers, programs, and data from cyber-attacks, damages, or unauthorized access. The major areas covered in cybersecurity are endpoint security, network security, application security, cloud security, wireless security, and others (database security and web security). The constantly evolving nature of security threats is one of the biggest challenges in the cybersecurity market. Companies require core competency in cybersecurity, security infrastructure, and visualization to settle on information-driven security decisions. The global cybersecurity market is expected to grow from USD 137.85 Billion in 2017 to USD 231.94 Billion by 2022, at a Compound Annual Growth Rate (CAGR) of 11.0% from 2017 to 2022.

The market includes an expansive number of vendors providing cybersecurity solutions and services, for example, IBM Corporation (US), Hewlett Packard Enterprise (HPE) (US), McAfee LLC (US), Trend Micro, Inc. (Japan), Symantec Corporation (US), Check Point Software Technologies Ltd. (Israel), Cisco Systems, Inc. (US), Palo Alto Networks, Inc. (US), Juniper Networks, Inc. (US), Fortinet, Inc. (US), FireEye, Inc. (US), Sophos Ltd. (UK), Rapid7, Inc. (US), EMC RSA (US), LogRhythm, Inc. (US), Optiv Security Inc. (US), Webroot, Inc. (US), CyberArk Software Ltd. (US), Qualys, Inc. (US), F-Secure (Finland), Trustwave Holdings, Inc. (US), Proofpoint, Inc. (US), Splunk, Inc. (US), Kaspersky Lab (Russia), and Imperva, Inc. (US). Players in this business sector have embraced different strategies to extend their worldwide presence and expand their market share. Partnerships and collaborations, and new product launches were the key strategies adopted by industry players to accomplish development in the market. Apart from these agreements, mergers and acquisitions, and business expansions are some of the other significant strategies embraced by the market players in the cybersecurity market.

IBM Corporation is one of the eminent leaders in the cybersecurity market. The organization has a noteworthy presence in more than 175 countries, and primarily serves the regions of North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and Latin America. IBM’s long-term strategy leans more toward inorganic growth, where it hopes to make more partnerships and agreements. In May 2017, IBM partnered with Cisco Systems, Inc., and integrated Cisco’s security solutions with QRadar to protect organizations across networks, endpoints, and cloud. Similarly, in February 2017, IBM acquired Agile 3 Solutions and enhanced its capabilities in mitigating cyber risks in businesses.

HPE is another such prominent player in the market. The fundamental objective of HPE is to meet every industry client’s requirement and provide new advancements in cybersecurity. The organization serves clients across various verticals, such as retail; Banking, Financial Services, and Insurance (BFSI); government, healthcare, IT, manufacturing, media and telecom, and others (education, media and entertainment, and automotive). The company has a presence in North America, Europe, APAC, MEA, and Latin America. HPE is considered to be one of the strongest suppliers of cybersecurity solutions. The organization follows both organic as well as inorganic growth strategies for the expansion of its market share. In February 2017, the company launched HPE SecureData for Hadoop and Internet of Things (IoT), and delivered a robust security solution, which protected sensitive information that is generated and transmitted across the IoT environment. Similarly, with the new product launch of Security Analytics Solution, based on Security Information and Event Management (SIEM), the organization is expanding its client base by securing its digital enterprises across the globe.

Related Reports:

Cybersecurity Market by Solution (IAM, Encryption, DLP, UTM, Antivirus/Anti-Malware, Firewall, IDS/IPS, Disaster Recovery, DDOS Mitigation, SIEM), Service, Security Type, Deployment Mode, Organization Size, Vertical, and Region - Global Forecast to 2022

Mr. Rohan
MarketsandMarkets™ INC. 
630 Dundee Road 
Suite 430 
Northbrook, IL 60062 
USA : 1-888-600-6441 

Connect Us

Follow us on LinkedIn  Follow us on Facebook   Follow us on Twitter 
Live Chat Support

US : 1-888-600-6441

Search reports