is the Definition of Cybersecurity?
The concept of cyber security began with a research
project, wherein a curious science techie going by the name of Robert Thomas,
came up with a theory indicating the possibilities for a computer program to
travel across different networks. Although this concept was initialized for
research purposes, it has been widely misused. As several data breaches and
network hacks followed, engineers would soon realize the potential risks of
network breaches and several engineers came forward with cyber security
software that would help mitigate the risks associated by cyber hacks. Even
then, hackers were able to invade private network systems through alternates.
As biometric authentication took center stage, cyber security software evolved
The internet has simplified operations
of software-integrated business activities. With benefits such as seamless
communication channels, fast data transfer, and the shift from on premise data
storage to cloud, internet has trumped all its alternate counterparts. Like all
communication modes, the cloud-integrated software come with several risks.
Among these risks, data breaches have been identified as the most lethal mode
of invasion. At the cost of retaining sensitive data, companies pay hefty
ransom. Cybersecurity software have been developed to avoid such circumstances.
Due to the vast software adoption and a
subsequent for cybersecurity services, the overall investment in the
development of cybersecurity services and software has risen drastically in the
few years. As per a study by Fortune Business Insights, the global
cybersecurity market is likely to rise at a high compound annual growth rate
(CAGR) in the forthcoming years. The report on cybersecurity, titled “Cybersecurity Market Size,
Share and Global Trend By Component (Solutions & Services), By Security
Type (Network Security, Endpoint Security, Application Security, Cloud Security
& Others), By Deployment (Cloud & On-Premise), By Organization Size
(Small and Medium Enterprises (SMEs) & Large Enterprises), By Vertical (Banking,
Financial Services, and others), and Geography Forecast till 2026,” provides a
detailed analysis of key areas in the global market pertaining to product
types, areas of investment, regional demographics, product applications, and
the latest industry trends. Fortune Business Insights further states in its
report that the overall cybersecurity market growth will be backed by factors
such as high demand for cybersecurity services, excellent applications of
cybersecurity, and the need for software security in several industry
are the Reasons Behind Cybercrime?
The IT infrastructure has evolved
completely since the turn of the 21st century. The rise of IT sector has
been driven by global giants such as Google, Infosys, Apple, TCS, IBM, and
several others. The resurgence of the IT industry from the recession days has
been unprecedented. An increase in the number of IT companies will naturally
involve more documentation and an overall rise in the need for software usage.
Gone are the days when people. From employee records, finance management,
software development, and other major corporate business models are centered
around computer software. The internet revolution has, in most ways, acted as
the backbone to the global IT infrastructure.
Are the Primary Aspects of the Cybersecurity Market?
The global cybersecurity market size
holds a massive potential due to the escalating demand for the product. To
understand the recent market trends, Fortune Business Insights provides a brief
assessment of the market for the year 2018. The report provides a thorough
analysis of how cybersecurity companies have evolved in recent years and
includes several factors that have accounted for a significant cybersecurity
market growth. The data provided in the report is derived by our team of highly
skilled analysts who possess bags of industry experience.
The report provides segmentation of the
global cybersecurity market based on the following factors:
For a better understanding, the report
highlights the leading areas from all segments. For instance, the components
segment includes two key areas, namely solutions and services. From each of
these sub-segments, Fortune Business Insights label major product types and
encompasses several companies that have been providing these services in recent
years. Additionally, the report on cybersecurity market will describe the
potential held by certain companies and also discusses a few companies that are
likely to showcase stagnancy on all marketing stands.
Business Opportunities Through our Extensive Research Techniques
The key to a quality market report is
held by an efficient research methodology. The report on cybersecurity market
provides insights into the latest market trends and areas of potential for
investors and business alike. The cybersecurity market size holds massive
potential for small scale enterprises (SMEs) as well as medium enterprises,
especially in the forthcoming years. To understand the latest industry trends,
it is essential to adopt a continual research method. Fortune Business Insights
does just that, and our report on cybersecurity will help you gain a
competitive edge in the overall market. A few of the key areas of the report
that depict our standout research techniques include:
The escalating demand for cybersecurity
has given to rise to an overall increase in the number of companies that are
operating in the global cybersecurity market. The report will help you gain a
better perspective of some of the medium-scale businesses that are not
necessarily in the limelight but certainly hold a huge potential in the coming
years. This approach will help users identify the companies that are likely to
exhibit significant cybersecurity market growth in the coming years and keep
away from companies that are likely to witness a downfall.
Syndicated Market Research
Recent advancements in the field
cybersecurity have been noteworthy. Incorporation of technologies such as
artificial intelligence and the internet of things have provided an elevated
growth platform. There are new products in the market almost every day and it
is seemingly difficult to stay in sync with the onslaught of technologies that
are continually greeting the market. Through syndicated researches, the report
on cybersecurity market analyzes some of the noteworthy technological
advancements of recent times and highlights a few of the major product launches
in the industry.
Through the Eyes of Users: Customer Research is
Cybersecurity is an integral part of
almost all major business in the world. Cybersecurity helps build a strong
retailer-customer relationship. As security is one of the primary concerns for
any end-user, be it an established business or a start-up. In a market with
fierce competition, it becomes even more important to understand the needs and
demand of the customer and act accordingly. The applications of cybersecurity
differ based on the organizations and areas of operation. Through our extended
customer research, stay in touch with the products that have witnessed the
highest demand in recent years.
The report includes data accumulated
through a combination of various primary and secondary research methods.
Fortune Business Insights sets out forecast values for the cybersecurity market
size for a fixed period of 2019-2026. Forecast values include key
figures that showcase market behavior in the coming yeas such as the overall
cybersecurity market size for start and end of the forecast period, along with
the market CAGR in the same period.
are the Leading Cybersecurity Software?
The adoption of advanced technologies
has helped the companies generate a substantial cybersecurity market revenue in
recent years. The use of artificial intelligence has benefited the companies on
a global scale and help acquire wider end user coverage. The companies operating
in this market are adopting some exceptional business strategies. Increased
focus on strategizing through concepts such as AI has opened the doors for
rapid cybersecurity market growth. A few of the noteworthy company developments
made by key market players are listed below.
Symantec’s Comprehensive Cloud Security
Introduced with Reduced Cost
In July 2019, Symantec, one of the
prominent cybersecurity companies, announced the launch of a new product in the
field of cybersecurity. The company’s cloud-integrated security approach is
making headlines across the industry, and this time, the company aims to gain
an ever wider end user coverage. The company launched a new cloud access
security solution, which will help companies secure their cloud administration
and internet usage. Symantec’s latest product comes with a reduced overall
operational cost and at the same time, an increased operational efficacy.
Check Point Software Breaks Ground with
‘AI-driven Malware Detection’
In June 2019, Check Point Software
announced the launch of a new malware detection engine for enhancing the
overall security of cloud-integrated services. The artificial
intelligence-driven. The company’s latest product had the ability to scan
malware variant through an excellent machine-driven database that can detect
malware and threats efficiently. Fortune Business Insights has identified this
product as one of the major highlights in the market.
Besides these companies, Fortune
Business Insights labels a few of the other companies in the market that have
made their fortunes in the market through standout business strategies. The
high demand for cybersecurity software has opened the doors for rapid growth
for the companies operating in the global cybersecurity market. In a bid to
establish a strong brand presence, companies are adopting newer concepts that
cater to modern industry standards. The report provides a brief analysis of
various companies operating in the market and forecasts the companies that are
likely to emerge dominant in the global market in the forthcoming years.
Besides Check Point Software and
Symantec, a few of the other companies that have constituted an increase in
the cybersecurity market size are FireEye, Inc., Cisco Systems, Inc., Trend
Micro Incorporated, McAfee, LLC, Microsoft Corporation, Networks, Inc., RSA
Security LLC, Amazon Web Services, Inc., Oracle Corporation, Fortinet, Inc.,
CyberArk Software Ltd, F-Secure, Palo Alto Networks, Inc., and Imperva.
How Much Does Cybercrime Cost The US Per Year?
R&D Spending to Favor Cybersecurity Market in North America
The growing industrialization across several
sub-regions of North America has opened the doors for rapid advancements for
companies operating in this region. An increase in the number of companies
operating in the market will have a direct impact on the market in North
America. Through extensive research and predictive analysis, Fortune Business
Insights states that the market in North America is likely to witness the
highest growth in the coming years. The increased spending in the research and
development of efficient cybersecurity software and services will favor the
growth of the regional market. The increased efforts from the US government to
stop cloud-based attacks and data breaching, coupled with a high budget
allocation will constitute an increase in the regional cybersecurity market
size. Additionally, the growing awareness regarding data protection and
attempts to tackle data breaches and hacks will aid the growth of the market in
Europe to Follow North America in Terms of
The increased efforts from the government as
well as private organizations will aid the growth of the market in Europe.
Fortune Business Insights has predicted that the cybersecurity market size in
Europe will emerge second-most dominant in the global market. The increasing
number of mergers and acquisitions, coupled with growing alliances to combat
cybercrimes will aid the growth of the market in Europe.
How Much Is Cybercrime Worth?
Cybercrime is said to have incurred losses of over
$500 Billion till date. As open source cyber security building platforms are
few and far between, most of the genuine cyber security software are, in all
fairness, a paid entity. Although companies are distributing free limited
versions to market their product, the conversion rate from free to paid service
adoption is unsurprisingly less. As a result, cyber security firms and
companies are finding it difficult to expand. The integration of cloud has simply
added to the risk factor involved in network infrastructures. Cyber threats
exist in several industries across the world, ranging from broadcast and video
on demand providers to IT companies and banking sector. Despite the
advancements in building network infrastructures, hackers tend to eventually
find a way through. Even broadcasting giants such as Netflix fell prey to
cybercrime, which was depicted by the infamous ‘The Dark Overload’ hack in
2017. In the wake of major cyber threats, several companies have shaken hands
on sharing data to learn and minimize cybercrimes. Several cloud companies in
the cybersecurity market are collaborating with cyber security firms, insurance
companies are being approached by cybersecurity companies and the list goes on.
IT giants such as IBM and Cisco have announced cloud-based platforms to handle
and eliminate cybercrimes.