By 2021, Global Cyber Security Market Share to Hit US $181.77 Billion: Zion Market Research

According to the ZMR (Zion Market Research) Market Data, global cyber security market was valued at USD 105.45 billion in 2015 and will reach US $181.77 billion by 2021 with 9.5% annual increase by 2021.

Sarasota, FL, Sept. 26, 2017 (GLOBE NEWSWIRE) -- Zion Market Research has published a new report titled, "Global Cyber Security Market, 2015 – 2021: By Solutions, Verticals, Network Security, Cloud Security, Wireless Security and Others".

According to the ZMR (Zion Market Research) Market Data, global cyber security market share was valued at USD 105.45 billion in 2015 and will reach the US $181.77 billion by 2021 with 9.5% annual increase by 2021.    

Internet security or cyber security is a branch of computer security specifically related to the internet. The Internet has given rise to new opportunities almost in every field such as business, sports, education or entertainment and many others.  However, the internet has its own drawbacks like cyber crime, where the computer used for various types of thefts and crime. Various types of cyber crimes include hacking, software piracy, denial of service attack, and cyber terrorism. The purpose of cyber security is to establish rules and measures to use against cyber crimes over the internet.

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Browse through 42 Market Tables and 46 Figures spread through 110 Pages and in-depth TOC on "Global Cyber Security Market, 2015 – 2021: By Solutions, Verticals, Network Security, Cloud Security, Wireless Security, and Others”.

Cyber security referred to the processes and technologies designed to safeguard, computers and data from cyber crime. Governments, military, financial organizations, hospitals and several other industries gather and store or transmit a large amount of confidential data on computers. In order to protect this information or data, cyber security becomes essential.

The cybersecurity market has shown exponential growth in past few years. The major driving factor for the global cyber security market is increasing the stringency of government regulations and growing cyber threats. Demand for integrated cyber solutions is another key factor anticipated to drive the market growth in the years to come. Furthermore, rising severity of cyber-crimes, the popularity of cloud security, rapid adoption of cloud computing, data center, and wireless communication are expected to boost the cyber security market in the near future. However, lack of effective defense major is expected to hamper the market growth. Growing demand for cyber security products and services is expected to open up new growth opportunities in the forecast period.

Browse the full " Global Cyber Security Market, 2015 – 2021: By Solutions, Verticals, Network Security, Cloud Security, Wireless Security and Others" report at https://www.zionmarketresearch.com/report/cyber-security-market

Based on security types, the global cyber security market is segmented into network security, cloud security, wireless security and others. Among all, network security was the leading type segment of the global cyber security market. It accounted more than 40% shares of the overall market in 2015. On the basis of solution cyber security market is classified into identity and access management (IAM), encryption, risk and compliance management, data loss prevention, antivirus and antimalware, firewall and others. Based on vertical of cyber security, the market is segmented into categories such as aerospace, government, financial services, telecommunications, healthcare, and others.

North America was the largest market for cyber security in the world due to the stringency of government regulations and growing cyber threats. North America has established the cyber market with wide implementation in diverse organizations. North America and Europe both are tending towards maturation phase in cyber security market owing to technological development and high awareness among the population. Moreover, cyber security market has a huge opportunity in the emerging markets of Asia Pacific due to increasing demand for cyber security solutions and products.

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The key players active in this market are Symantec, IBM, McAfee, Northrop Grumman, Booz Allen Hamilton, CSC and among others. Players in cyber security market are expected to develop more advanced and user-friendly solutions to combat continuously against evolving cyber threats.

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The report segments the global cyber security market as:

Cyber Security Market: Security Type Analysis

• Network Security
• Cloud Security
• Wireless Security 
• Others

Cyber Security Market: Solution Segment Analysis

• Identity And Access Management (IAM)
• Encryption 
• Risk And Compliance Management
• Data Loss Prevention
• Antivirus And Antimalware 
• Firewall And
• Others 

Cyber Security Market: Vertical Segment Analysis

• Aerospace 
• Government
• Financial Services
• Telecommunication
• Healthcare 
• Others

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