Cybersecurity Market

Executive Summary

Cybersecurity Market was valued at US $158.83 billion in 2021 and is projected to grow at 13.64% CAGR over the forecast period to reach US $341.99 billion by 2027. Cybersecurity Market represented US $35.83 billion opportunity over 2019-2021 and estimated to create US $183.16 billion opportunity in 2027 over 2021.

Cybersecurity from Consainsights analyses the Cybersecurity Market in the Technology & Media industry over the forecast period to 2027.

Cybersecurity research report from Consainsights outlines the detailed strategic analysis, trends, market opportunities, growth prospects, industry and market challenges and sustainable solutions to sustain in the competitive environment.

Cybersecurity segmentation includes Component, Solution, Service, Security Type, Deployment Mode, Organization Size, Industry Vertical and Geography.

Based on the Component, the Cybersecurity analysis covers Solutions, Services.

In Component segment, Solutions segment has highest cagr growth of 12.03%.

Based on the Solution, the Cybersecurity analysis covers Identity and Access Management, Risk and Compliance Management, Encryption, Data Loss Prevention, Unified Threat Management, Firewall, Antivirus/Antimalware, Intrusion Detection System/Intrusion Prevention System, Security and Vulnerability Management, Disaster Recovery, Distributed Denial of Service Mitigation, Web Filtering, Others.

In Solution segment, Identity and Access Management segment has highest cagr growth of 12.03%.

Based on the Service, the Cybersecurity analysis covers Professional Services, Managed Services.

In Service segment, Professional Services segment has highest cagr growth of 12.03%.

Based on the Security Type, the Cybersecurity analysis covers Network Security, Endpoint Security, Application Security, Cloud Security, Others.

In Security Type segment, Network Security segment has highest cagr growth of 12.03%.

Based on the Deployment Mode, the Cybersecurity analysis covers On-Premises, Cloud.

In Deployment Mode segment, On-Premises segment has highest cagr growth of 12.03%.

Based on the Organization Size, the Cybersecurity analysis covers Small and Medium-Sized Enterprises, Large Enterprises.

In Organization Size segment, Small and Medium-Sized Enterprises segment has highest cagr growth of 12.03%.

Based on the Industry Vertical, the Cybersecurity analysis covers Aerospace and Defense, Government, Banking, Financial Services, and Insurance, IT and Telecom, Healthcare, Retail, Manufacturing, Energy and Utilities, Others.

In Industry Vertical segment, Aerospace and Defense segment has highest cagr growth of 12.03%.

Based on the region, the Cybersecurity analysis covers North America, Europe, Asia-Pacific, Middle-East & Africa, Latin America.

Key companies operating in the market include IBM, Symantec, FireEye, Check Point, Cisco, Trend Micro, Sophos, Rapid7, McAfee, Micro Focus, Microsoft, Imperva, Splunk, F5 Networks, Proofpoint, RSA Security, AWS, Juniper Networks, Oracle, Fortinet, Palo Alto Networks, CyberArk, Forcepoint, F-Secure, Qualys and so on. This report covers the detailed analysis of the company profiles such as business segments, product portfolio, key brand insights and growth strategies adopted, company SWOT and Strategy analysis along with the financial analysis and analyst insights on the key companies operating in this market.

Market Overview

Definition & Scope

The base currency considered was the US Dollar (USD). Conversion of other currencies to USD was considered on the basis of the average exchange rate for the respective review-period years. The exchange rate conversion for forecast period was determined according to the base year’s conversion rates.

The base year was identified based on the availability of annual reports and secondary information. The base year considered for this study is 2027.

The review period considered for this study is from 2018-2027. The CAGR is for the forecast period, 2022-2027.

Market size estimations for the forecast years were in real terms. Inflation is not part of the pricing, and the average selling price (ASP) was kept constant throughout the forecast period for each country.

Distribution of primary interviews conducted was based on the regional share of the market and the presence of key players in each region.

As a result of data triangulation through multiple methodologies and approaches, the weighted averages of resulting estimates were considered to be the final values.

Currency, Year & Forecast

The currency used in this report is USD, with the market size indicated in terms of USD million/billion.

For companies reporting their revenues in USD, the revenues were taken from their respective annual reports/SEC filings.

For companies reporting their revenues in other currencies, the average annual currency conversion rates were used for a particular year to convert the value to USD Market Definition.

Component

Introduction

In 2021, Solutions segment has the highest revenue of US $67.68 billion and is expected to grow at CAGR of 12.03% by 2027 Solutions segment has highest cagr growth of 12.03%.

Solutions

Solutions segment was valued at US $52.41 billion in 2019 and is projected to grow at 12.03% CAGR over the forecast period to reach US $145.73 billion by 2027. Solutions segment represented US $15.27 billion opportunity over 2019-2021 and estimated to create US $78.05 billion opportunity in 2027 over 2021.

Services

Services segment was valued at US $34.05 billion in 2019 and is projected to grow at 12.03% CAGR over the forecast period to reach US $94.67 billion by 2027. Services segment represented US $9.92 billion opportunity over 2019-2021 and estimated to create US $50.70 billion opportunity in 2027 over 2021.

Solution

Introduction

In 2021, Identity and Access Management segment has the highest revenue of US $60.79 billion and is expected to grow at CAGR of 12.03% by 2027 Identity and Access Management segment has highest cagr growth of 12.03%.

Identity and Access Management

Identity and Access Management segment was valued at US $47.07 billion in 2019 and is projected to grow at 12.03% CAGR over the forecast period to reach US $130.88 billion by 2027. Identity and Access Management segment represented US $13.71 billion opportunity over 2019-2021 and estimated to create US $70.10 billion opportunity in 2027 over 2021.

Risk and Compliance Management

Risk and Compliance Management segment was valued at US $29.12 billion in 2019 and is projected to grow at 12.03% CAGR over the forecast period to reach US $80.96 billion by 2027. Risk and Compliance Management segment represented US $8.48 billion opportunity over 2019-2021 and estimated to create US $43.36 billion opportunity in 2027 over 2021.

Encryption

Encryption segment was valued at US $17.92 billion in 2019 and is projected to grow at 12.03% CAGR over the forecast period to reach US $49.83 billion by 2027. Encryption segment represented US $5.22 billion opportunity over 2019-2021 and estimated to create US $26.69 billion opportunity in 2027 over 2021.

Data Loss Prevention

Data Loss Prevention segment was valued at US $11.17 billion in 2019 and is projected to grow at 12.03% CAGR over the forecast period to reach US $31.05 billion by 2027. Data Loss Prevention segment represented US $3.25 billion opportunity over 2019-2021 and estimated to create US $16.63 billion opportunity in 2027 over 2021.

Unified Threat Management

Unified Threat Management segment was valued at US $6.91 billion in 2019 and is projected to grow at 12.03% CAGR over the forecast period to reach US $19.21 billion by 2027. Unified Threat Management segment represented US $2.01 billion opportunity over 2019-2021 and estimated to create US $10.29 billion opportunity in 2027 over 2021.

Firewall

Firewall segment was valued at US $4.30 billion in 2019 and is projected to grow at 12.03% CAGR over the forecast period to reach US $11.95 billion by 2027. Firewall segment represented US $1.25 billion opportunity over 2019-2021 and estimated to create US $6.40 billion opportunity in 2027 over 2021.

Antivirus/Antimalware

Antivirus/Antimalware segment was valued at US $2.66 billion in 2019 and is projected to grow at 12.03% CAGR over the forecast period to reach US $7.39 billion by 2027. Antivirus/Antimalware segment represented US $0.77 billion opportunity over 2019-2021 and estimated to create US $3.96 billion opportunity in 2027 over 2021.

Intrusion Detection System/Intrusion Prevention System

Intrusion Detection System/Intrusion Prevention System segment was valued at US $1.63 billion in 2019 and is projected to grow at 12.03% CAGR over the forecast period to reach US $4.54 billion by 2027. Intrusion Detection System/Intrusion Prevention System segment represented US $0.48 billion opportunity over 2019-2021 and estimated to create US $2.43 billion opportunity in 2027 over 2021.

Security and Vulnerability Management

Security and Vulnerability Management segment was valued at US $0.90 billion in 2019 and is projected to grow at 12.03% CAGR over the forecast period to reach US $2.50 billion by 2027. Security and Vulnerability Management segment represented US $0.26 billion opportunity over 2019-2021 and estimated to create US $1.34 billion opportunity in 2027 over 2021.

Disaster Recovery

Disaster Recovery segment was valued at US $0.68 billion in 2019 and is projected to grow at 12.03% CAGR over the forecast period to reach US $1.90 billion by 2027. Disaster Recovery segment represented US $0.20 billion opportunity over 2019-2021 and estimated to create US $1.02 billion opportunity in 2027 over 2021.

Distributed Denial of Service Mitigation

Distributed Denial of Service Mitigation segment was valued at US $0.32 billion in 2019 and is projected to grow at 12.03% CAGR over the forecast period to reach US $0.89 billion by 2027. Distributed Denial of Service Mitigation segment represented US $0.09 billion opportunity over 2019-2021 and estimated to create US $0.48 billion opportunity in 2027 over 2021.

Web Filtering

Web Filtering segment was valued at US $0.26 billion in 2019 and is projected to grow at 12.03% CAGR over the forecast period to reach US $0.73 billion by 2027. Web Filtering segment represented US $0.08 billion opportunity over 2019-2021 and estimated to create US $0.39 billion opportunity in 2027 over 2021.

Others

Others segment was valued at US $0.06 billion in 2019 and is projected to grow at 12.03% CAGR over the forecast period to reach US $0.18 billion by 2027. Others segment represented US $0.02 billion opportunity over 2019-2021 and estimated to create US $0.09 billion opportunity in 2027 over 2021.

Service

Introduction

In 2021, Professional Services segment has the highest revenue of US $84.37 billion and is expected to grow at CAGR of 12.03% by 2027 Professional Services segment has highest cagr growth of 12.03%.

Professional Services

Professional Services segment was valued at US $65.34 billion in 2019 and is projected to grow at 12.03% CAGR over the forecast period to reach US $181.67 billion by 2027. Professional Services segment represented US $19.03 billion opportunity over 2019-2021 and estimated to create US $97.30 billion opportunity in 2027 over 2021.

Managed Services

Managed Services segment was valued at US $42.92 billion in 2019 and is projected to grow at 12.03% CAGR over the forecast period to reach US $119.34 billion by 2027. Managed Services segment represented US $12.50 billion opportunity over 2019-2021 and estimated to create US $63.91 billion opportunity in 2027 over 2021.

Security Type

Introduction

In 2021, Network Security segment has the highest revenue of US $62.33 billion and is expected to grow at CAGR of 12.03% by 2027 Network Security segment has highest cagr growth of 12.03%.

Network Security

Network Security segment was valued at US $48.27 billion in 2019 and is projected to grow at 12.03% CAGR over the forecast period to reach US $134.21 billion by 2027. Network Security segment represented US $14.06 billion opportunity over 2019-2021 and estimated to create US $71.88 billion opportunity in 2027 over 2021.

Endpoint Security

Endpoint Security segment was valued at US $30.49 billion in 2019 and is projected to grow at 12.03% CAGR over the forecast period to reach US $84.77 billion by 2027. Endpoint Security segment represented US $8.88 billion opportunity over 2019-2021 and estimated to create US $45.40 billion opportunity in 2027 over 2021.

Application Security

Application Security segment was valued at US $18.13 billion in 2019 and is projected to grow at 12.03% CAGR over the forecast period to reach US $50.41 billion by 2027. Application Security segment represented US $5.28 billion opportunity over 2019-2021 and estimated to create US $27.00 billion opportunity in 2027 over 2021.

Cloud Security

Cloud Security segment was valued at US $17.74 billion in 2019 and is projected to grow at 12.03% CAGR over the forecast period to reach US $49.33 billion by 2027. Cloud Security segment represented US $5.17 billion opportunity over 2019-2021 and estimated to create US $26.42 billion opportunity in 2027 over 2021.

Others

Others segment was valued at US $8.37 billion in 2019 and is projected to grow at 12.03% CAGR over the forecast period to reach US $23.27 billion by 2027. Others segment represented US $2.44 billion opportunity over 2019-2021 and estimated to create US $12.46 billion opportunity in 2027 over 2021.

Deployment Mode

Introduction

In 2021, On-Premises segment has the highest revenue of US $53.21 billion and is expected to grow at CAGR of 12.03% by 2027 On-Premises segment has highest cagr growth of 12.03%.

On-Premises

On-Premises segment was valued at US $41.21 billion in 2019 and is projected to grow at 12.03% CAGR over the forecast period to reach US $114.58 billion by 2027. On-Premises segment represented US $12.00 billion opportunity over 2019-2021 and estimated to create US $61.37 billion opportunity in 2027 over 2021.

Cloud

Cloud segment was valued at US $40.67 billion in 2019 and is projected to grow at 12.03% CAGR over the forecast period to reach US $113.08 billion by 2027. Cloud segment represented US $11.85 billion opportunity over 2019-2021 and estimated to create US $60.56 billion opportunity in 2027 over 2021.

Organization Size

Introduction

In 2021, Small and Medium-Sized Enterprises segment has the highest revenue of US $59.52 billion and is expected to grow at CAGR of 12.03% by 2027 Small and Medium-Sized Enterprises segment has highest cagr growth of 12.03%.

Small and Medium-Sized Enterprises

Small and Medium-Sized Enterprises segment was valued at US $46.10 billion in 2019 and is projected to grow at 12.03% CAGR over the forecast period to reach US $128.17 billion by 2027. Small and Medium-Sized Enterprises segment represented US $13.43 billion opportunity over 2019-2021 and estimated to create US $68.64 billion opportunity in 2027 over 2021.

Large Enterprises

Large Enterprises segment was valued at US $38.16 billion in 2019 and is projected to grow at 12.03% CAGR over the forecast period to reach US $106.11 billion by 2027. Large Enterprises segment represented US $11.12 billion opportunity over 2019-2021 and estimated to create US $56.83 billion opportunity in 2027 over 2021.

Industry Vertical

Introduction

In 2021, Aerospace and Defense segment has the highest revenue of US $62.01 billion and is expected to grow at CAGR of 12.03% by 2027 Aerospace and Defense segment has highest cagr growth of 12.03%.

Aerospace and Defense

Aerospace and Defense segment was valued at US $48.02 billion in 2019 and is projected to grow at 12.03% CAGR over the forecast period to reach US $133.52 billion by 2027. Aerospace and Defense segment represented US $13.99 billion opportunity over 2019-2021 and estimated to create US $71.51 billion opportunity in 2027 over 2021.

Government

Government segment was valued at US $29.82 billion in 2019 and is projected to grow at 12.03% CAGR over the forecast period to reach US $82.91 billion by 2027. Government segment represented US $8.69 billion opportunity over 2019-2021 and estimated to create US $44.40 billion opportunity in 2027 over 2021.

Banking, Financial Services, and Insurance

Banking, Financial Services, and Insurance segment was valued at US $19.09 billion in 2019 and is projected to grow at 12.03% CAGR over the forecast period to reach US $53.08 billion by 2027. Banking, Financial Services, and Insurance segment represented US $5.56 billion opportunity over 2019-2021 and estimated to create US $28.43 billion opportunity in 2027 over 2021.

IT and Telecom

IT and Telecom segment was valued at US $11.60 billion in 2019 and is projected to grow at 12.03% CAGR over the forecast period to reach US $32.25 billion by 2027. IT and Telecom segment represented US $3.38 billion opportunity over 2019-2021 and estimated to create US $17.27 billion opportunity in 2027 over 2021.

Healthcare

Healthcare segment was valued at US $6.28 billion in 2019 and is projected to grow at 12.03% CAGR over the forecast period to reach US $17.47 billion by 2027. Healthcare segment represented US $1.83 billion opportunity over 2019-2021 and estimated to create US $9.36 billion opportunity in 2027 over 2021.

Retail

Retail segment was valued at US $4.59 billion in 2019 and is projected to grow at 12.03% CAGR over the forecast period to reach US $12.78 billion by 2027. Retail segment represented US $1.34 billion opportunity over 2019-2021 and estimated to create US $6.84 billion opportunity in 2027 over 2021.

Manufacturing

Manufacturing segment was valued at US $1.81 billion in 2019 and is projected to grow at 12.03% CAGR over the forecast period to reach US $5.04 billion by 2027. Manufacturing segment represented US $0.53 billion opportunity over 2019-2021 and estimated to create US $2.70 billion opportunity in 2027 over 2021.

Energy and Utilities

Energy and Utilities segment was valued at US $1.31 billion in 2019 and is projected to grow at 12.03% CAGR over the forecast period to reach US $3.63 billion by 2027. Energy and Utilities segment represented US $0.38 billion opportunity over 2019-2021 and estimated to create US $1.94 billion opportunity in 2027 over 2021.

Others

Others segment was valued at US $0.47 billion in 2019 and is projected to grow at 12.03% CAGR over the forecast period to reach US $1.31 billion by 2027. Others segment represented US $0.14 billion opportunity over 2019-2021 and estimated to create US $0.70 billion opportunity in 2027 over 2021.