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

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Date: 13-Jul-2017
No. of pages: 177
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Rise in security breaches ,targeting enterprises, is driving the growth of the cybersecurity market

MarketsandMarkets expects the global cybersecurity market 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%. The cybersecurity market is growing rapidly because of the increase in adoption of cybersecurity solutions, due to the increase in security breaches targeting enterprises.

Strict directives for data privacy driving the growth of the cybersecurity market

The constant development in security threats has given rise to the design and implementation of a large number of directives that needed to be strictly adhered to by all organizations. Regulations underline various guidelines and security features to be strictly followed, such as Payment Card Industry Data Security Standard (PCI-DSS), Health Insurance Portability and Accountability Act (HIPAA), Federal Information Security Management Act (FISMA), European Union Agency for Network and Information Security (ENISA), and Sarbanes–Oxley Act (SOX).

Network security is estimated to have the largest market size in 2017

The network security segment is estimated to have the largest market size in 2017,because of the need for stringent compliance and regulatory requirements. The growth in the network security is associated with the rise in security breaches targeting enterprise networks, where hackers try to gain access to sensitive data.

BFSI vertical is expected to have the highest growth rate during the forecast period

Cybersecurity solutions have been deployed across various verticals, including aerospace and defense; government; Banking, Financial Services, and Insurance (BFSI); IT and telecom; healthcare; retail; manufacturing; energy and utilities; and others(education, media and entertainment, and automotive). The BFSI vertical is expected to witness the highest CAGR during the forecast period because of the increasing adoption of web and mobile applications, which are prone to advanced cyber-attacks.

APAC is expected to have the highest growth rate during the forecast period

Asia Pacific (APAC) includes emerging economies, such as India and China, which are rapidly deploying cybersecurity solutions. This is mainly due to the digitization of businesses and adoption of cloud services by small, medium, and large enterprises in the region.

In-depth interviews were conducted with Chief Executive Officers (CEOs), marketing directors, other innovation and technology directors, and executives from various key organizations operating in the cybersecurity market place.


  • By Company Type: Tier 1: 55%, Tier 2: 20%, and Tier 3: 25%

  • By Designation: C-Level: 60%, Director Level: 25%, and Others: 15%

  • By Region: North America:10%, Europe: 20%, APAC: 40%, and Rest of the World (RoW): 30%


The report includes the study of key players offering cybersecurity solutions and services.IBM Corporation (US), Hewlett Packard Enterprise (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), andImperva, Inc. (US)are some of the companies profiled in the report.The report includes in-depth competitive analysis of these key players in the cybersecuritymarket, with their company profiles, recent developments, and business and product offerings.

Research Coverage

The research covers the cybersecurity market on the basis of different segments, such as solutions, services, security types, deployment modes, organization sizes, and verticals in the regions of North America, Europe, APAC, MEA, and Latin America. Further, it includes the factors that are driving the cybersecurity market along with the growth opportunities in this market. It also includes the restraining factors and challenges in the growth of the market. Moreover, the report includes the detailed company profiles of the key players offering cybersecurity solutions and services.

The report is expected to help the market leaders or new entrants in this market in the following ways:


  • This report segments the market into various subsegments, covering this market comprehensively. The report provides the closest approximations of the revenue numbers for the overall market and the subsegments. The market numbers are further split across different verticals and regions.

  • This report will help in better understanding of the competitors and gaining more insights to better one’s position in the market. There is a separate section on competitive landscape, which includes competitor ecosystem, mergers and acquisitions, integrations and expansions, and collaborations of various market vendors. Besides, there are company profiles of 12 players in this market. In this section, market internals are provided that can put one ahead of the competitors.

  • The report also helps in understanding the overall growth of the market. It provides information on key market drivers, restraints, challenges, and opportunities.

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

Table of Contents

1 Introduction
1.1 Objectives of the Study
1.2 Market Definition
1.3 Market Scope
1.4 Years Considered for the Study
1.5 Currency
1.6 Stakeholders

2 Research Methodology
2.1 Research Data
2.1.1 Secondary Data
2.1.2 Primary Data
2.1.2.1 Breakdown of Primary Interviews
2.1.2.2 Key Industry Insights
2.2 Market Size Estimation
2.3 Microquadrant Research Methodology
2.3.1 Vendor Inclusion Criteria
2.4 Research Assumptions and Limitations
2.4.1 Limitations

3 Executive Summary

4 Premium Insights
4.1 Attractive Market Opportunities in the Cybersecurity Market
4.2 Market By Component, 2017–2022
4.3 Market By Solution, 2017–2022
4.4 Market By Service, 2017–2022
4.5 Market By Security Type, 2017–2022
4.6 Market By Deployment Mode, 2017–2022
4.7 Market By Organization Size, 2017–2022
4.8 Market By Vertical, 2017–2022
4.9 Lifecycle Analysis, By Region

5 Cybersecurity Market Overview and Industry Trends
5.1 Regulatory Implications
5.1.1 Payment Card Industry Data Security Standard (PCI–DSS)
5.1.2 Health Insurance Portability and Accountability Act (HIPAA)
5.1.3 Federal Information Security Management Act (FISMA)
5.1.4 Gramm-Leach-Bliley Act (GLB Act)
5.1.5 Sarbanes-Oxley Act (SOX)
5.1.6 The International Organization for Standardization (ISO) Standard 27001
5.2 Innovation Spotlight
5.3 Market Dynamics
5.3.1 Drivers
5.3.1.1 Strict Directives for Data Privacy
5.3.1.2 Emergence of IoT and Byod Across Verticals
5.3.1.3 Increasing Threat Landscape Due to Third-Party Application Deployment
5.3.1.4 Constantly Increasing Cyber Terrorism
5.3.2 Restraints
5.3.2.1 Use of Pirated Cybersecurity Solutions
5.3.2.2 Limited Security Budgets
5.3.3 Opportunities
5.3.3.1 Continuous Growth in the Adoption of Cloud-Based Applications and Services
5.3.3.2 Increased Use of Social Media for Business Functions
5.3.4 Challenges
5.3.4.1 Rapidly Increasing Insider Cyber Threats
5.3.4.2 Lack of Competent Security Professionals

6 Cybersecurity Market Analysis, By Component
6.1 Introduction
6.2 Solutions
6.3 Services

7 Cybersecurity Market Analysis, By Solution
7.1 Introduction
7.2 Identity and Access Management
7.3 Risk and Compliance Management
7.4 Encryption
7.5 Data Loss Prevention
7.6 Unified Threat Management
7.7 Firewall
7.8 Antivirus/Anti-Malware
7.9 Intrusion Detection System/Intrusion Prevention System
7.10 Security and Vulnerability Management
7.11 Disaster Recovery
7.12 Distributed Denial of Service Mitigation
7.13 Security Information and Event Management
7.14 Others

8 Cybersecurity Market Analysis, By Service
8.1 Introduction
8.2 Managed Services
8.3 Professional Services
8.3.1 Consulting
8.3.2 Training and Education
8.3.3 Support and Maintenance
8.3.4 Design and Integration
8.3.5 Risk and Threat Assessment

9 Cybersecurity Market Analysis, By Security Type
9.1 Introduction
9.2 Network Security
9.3 Endpoint Security
9.4 Application Security
9.5 Cloud Security
9.6 Wireless Security
9.7 Others

10 Cybersecurity Market Analysis, By Deployment Mode
10.1 Introduction
10.2 Cloud
10.3 On-Premises

11 Cybersecurity Market Analysis, By Organization Size
11.1 Introduction
11.2 Small and Medium-Sized Enterprises
11.3 Large Enterprises

12 Cybersecurity Market Analysis, By Vertical
12.1 Introduction
12.2 Aerospace and Defense
12.3 Government
12.4 Banking, Financial Services, and Insurance
12.5 IT and Telecom
12.6 Healthcare
12.7 Retail
12.8 Manufacturing
12.9 Energy and Utilities
12.10 Others

13 Geographic Analysis
13.1 Introduction
13.2 North America
13.3 Europe
13.4 Asia Pacific
13.5 Middle East and Africa
13.6 Latin America

14 Competitive Landscape
14.1 Mircroquadrant Overview
14.1.1 Visionary Leaders
14.1.2 Innovators
14.1.3 Dynamic Differentiators
14.1.4 Emerging Companies
14.2 Competitive Benchmarking
14.2.1 Strength of Product Portfolio in the Cybersecurity Market
14.2.2 Business Strategy Excellence Adopted in the Cybersecurity Market

15 Company Profiles
Overview, Strength of Product Portfolio, Business Strategy Excellence, Recent Developments
15.1 International Business Machines (IBM) Corporation
15.2 Hewlett Packard Enterprise
15.3 Mcafee LLC
15.4 Trend Micro, Inc.
15.5 Symantec Corporation
15.6 Check Point Software Technologies
15.7 Cisco Systems, Inc.
15.8 Palo Alto Networks, Inc.
15.9 Juniper Networks, Inc.
15.10 Fortinet, Inc.
15.11 Fireeye, Inc.
15.12 Sophos Ltd.
*Details on Overview, Strength of Product Portfolio, Business Strategy Excellence, Recent Developments Might Not Be Captured in Case of Unlisted Companies.
15.13 Key Innovators
15.13.1 Pradeo Security Systems
15.13.2 Whitehat Security
15.13.3 Appthority Inc.
15.13.4  Sitelock, LLC

16 Appendix
16.1 Discussion Guide
16.2 Knowledge Store: Marketsandmarkets’ Subscription Portal
16.3 Introducing RT: Real-Time Market Intelligence
16.4 Available Customizations
16.5 Related Reports
16.6 Author Details

List of Tables

Table 1 United States Dollar Exchange Rate, 2014–2016
Table 2 Evaluation Criteria
Table 3 Cybersecurity Market Size and Growth Rate, 2015–2022 (USD Billion, Y-O-Y %)
Table 4 Innovation Spotlight: Latest Cybersecurity Innovations
Table 5 Cybersecurity Market Size, By Component, 2015–2022 (USD Billion)
Table 6 Solutions: Market Size, By Region, 2015–2022 (USD Billion)
Table 7 Services: Market Size, By Region, 2015–2022 (USD Billion)
Table 8 Cybersecurity Market Size, By Solution, 2015–2022 (USD Billion)
Table 9 Identity and Access Management: Market Size, By Region, 2015–2022 (USD Billion)
Table 10 Risk and Compliance Management: Market Size, By Region, 2015–2022 (USD Billion)
Table 11 Encryption: Market Size, By Region, 2015–2022 (USD Billion)
Table 12 Data Loss Prevention: Market Size, By Region, 2015–2022 (USD Billion)
Table 13 Unified Threat Management: Market Size, By Region,  2015–2022 (USD Billion)
Table 14 Firewall: Cybersecurity Market Size, By Region, 2015–2022 (USD Billion)
Table 15 Antivirus/Anti-Malware: Market Size, By Region, 2015–2022 (USD Billion)
Table 16 Intrusion Detection System/Intrusion Prevention System: Market Size, By Region, 2015–2022 (USD Billion)
Table 17 Security and Vulnerability Management: Market Size, By Region, 2015–2022 (USD Billion)
Table 18 Disaster Recovery: Market Size, By Region, 2015–2022 (USD Billion)
Table 19 Distributed Denial of Service Mitigation: Market Size, By Region, 2015–2022 (USD Billion)
Table 20 Security Information and Event Management: Market Size, By Region, 2015–2022 (USD Billion)
Table 21 Others: Market Size, By Region, 2015–2022 (USD Billion)
Table 22 Cybersecurity Market Size, By Service, 2015–2022 (USD Billion)
Table 23 Managed Services: Market Size, By Region, 2015–2022 (USD Billion)
Table 24 Professional Services: Market Size, By Region, 2015–2022 (USD Billion)
Table 25 Professional Services: Market Size, By Type, 2015–2022 (USD Billion)
Table 26 Consulting: Cybersecurity Market Size, By Region, 2015–2022 (USD Billion)
Table 27 Training and Education: Market Size, By Region, 2015–2022 (USD Billion)
Table 28 Support and Maintenance: Market Size, By Region, 2015–2022 (USD Billion)
Table 29 Design and Integration: Market Size, By Region, 2015–2022 (USD Billion)
Table 30 Risk and Threat Assessment: Market Size, By Region, 2015–2022 (USD Billion)
Table 31 Cybersecurity Market Size, By Security Type, 2015–2022 (USD Billion)
Table 32 Network Security: Market Size, By Region, 2015–2022 (USD Billion)
Table 33 Endpoint Security: Market Size, By Region, 2015–2022 (USD Billion)
Table 34 Application Security: Market Size, By Region, 2015–2022 (USD Billion)
Table 35 Cloud Security: Market Size, By Region, 2015–2022 (USD Billion)
Table 36 Wireless Security: Market Size, By Region, 2015–2022 (USD Billion)
Table 37 Others: Market Size, By Region, 2015–2022 (USD Billion)
Table 38 Cybersecurity Market Size, By Deployment Mode, 2015–2022 (USD Billion)
Table 39 Cloud: Market Size, By Region, 2015–2022 (USD Billion)
Table 40 On-Premises: Market Size, By Region, 2015–2022 (USD Billion)
Table 41 Cybersecurity Market Size, By Organization Size, 2015–2022 (USD Billion)
Table 42 Small and Medium-Sized Enterprises: Market Size, By Region, 2015–2022 (USD Billion)
Table 43 Large Enterprises: Market Size, By Region, 2015–2022 (USD Billion)
Table 44 Cybersecurity Market Size, By Vertical, 2015–2022 (USD Billion)
Table 45 Aerospace and Defense: Market Size, By Region, 2015–2022 (USD Billion)
Table 46 Government: Market Size, By Region, 2015–2022 (USD Billion)
Table 47 Banking, Financial Services, and Insurance: Market Size,  By Region, 2015–2022 (USD Billion)
Table 48 IT and Telecom: Market Size, By Region, 2015–2022 (USD Billion)
Table 49 Healthcare: Market Size, By Region, 2015–2022 (USD Billion)
Table 50 Retail: Market Size, By Region, 2015–2022 (USD Billion)
Table 51 Manufacturing: Market Size, By Region, 2015–2022 (USD Billion)
Table 52 Energy and Utilities: Market Size, By Region, 2015–2022 (USD Billion)
Table 53 Others: Market Size, By Region, 2015–2022 (USD Billion)
Table 54 Cybersecurity Market Size, By Region, 2015–2022 (USD Billion)
Table 55 North America: Market Size, By Component, 2015–2022 (USD Billion)
Table 56 North America: Market Size, By Solution, 2015–2022 (USD Billion)
Table 57 North America: Market Size, By Service, 2015–2022 (USD Billion)
Table 58 North America: Market Size, By Professional Service,  2015–2022 (USD Billion)
Table 59 North America: Market Size, By Security Type, 2015–2022 (USD Billion)
Table 60 North America: Market Size, By Deployment Mode, 2015–2022 (USD Billion)
Table 61 North America: Market Size, By Organization Size, 2015–2022 (USD Billion)
Table 62 North America: Market Size, By Vertical, 2015–2022 (USD Billion)
Table 63 Europe: Cybersecurity Market Size, By Component, 2015–2022 (USD Billion)
Table 64 Europe: Market Size, By Solution, 2015–2022 (USD Billion)
Table 65 Europe: Market Size, By Service, 2015–2022 (USD Billion)
Table 66 Europe: Market Size, By Professional Service, 2015–2022 (USD Billion)
Table 67 Europe: Market Size, By Security Type, 2015–2022 (USD Billion)
Table 68 Europe: Market Size, By Deployment Mode, 2015–2022 (USD Billion)
Table 69 Europe: Market Size, By Organization Size, 2015–2022 (USD Billion)
Table 70 Europe: Market Size, By Vertical, 2015–2022 (USD Billion)
Table 71 Asia Pacific: Cybersecurity Market Size, By Component, 2015–2022 (USD Billion)
Table 72 Asia Pacific: Market Size, By Solution, 2015–2022 (USD Billion)
Table 73 Asia Pacific: Market Size, By Service, 2015–2022 (USD Billion)
Table 74 Asia Pacific: Market Size, By Professional Service, 2015–2022 (USD Billion)
Table 75 Asia Pacific: Market Size, By Security Type, 2015–2022 (USD Billion)
Table 76 Asia Pacific: Market Size, By Deployment Mode, 2015–2022 (USD Billion)
Table 77 Asia Pacific: Market Size, By Organization Size, 2015–2022 (USD Billion)
Table 78 Asia Pacific: Market Size, By Vertical, 2015–2022 (USD Billion)
Table 79 Middle East and Africa: Market Size, By Component,  2015–2022 (USD Billion)
Table 80 Middle East and Africa: Market Size, By Solution, 2015–2022 (USD Billion)
Table 81 Middle East and Africa: Market Size, By Service, 2015–2022 (USD Billion)
Table 82 Middle East and Africa: Market Size, By Professional Service, 2015–2022 (USD Billion)
Table 83 Middle East and Africa: Market Size, By Security Type,  2015–2022 (USD Billion)
Table 84 Middle East and Africa: Market Size, By Deployment Mode, 2015–2022 (USD Billion)
Table 85 Middle East and Africa: Market Size, By Organization Size, 2015–2022 (USD Billion)
Table 86 Middle East and Africa: Market Size, By Vertical, 2015–2022 (USD Billion)
Table 87 Latin America: Cybersecurity Market Size, By Component, 2015–2022 (USD Billion)
Table 88 Latin America: Market Size, By Solution, 2015–2022 (USD Billion)
Table 89 Latin America: Market Size, By Service, 2015–2022 (USD Billion)
Table 90 Latin America: Market Size, By Professional Service,  2015–2022 (USD Billion)
Table 91 Latin America: Market Size, By Security Type, 2015–2022 (USD Billion)
Table 92 Latin America: Market Size, By Deployment Mode, 2015–2022 (USD Billion)
Table 93 Latin America: Market Size, By Organization Size, 2015–2022 (USD Billion)
Table 94 Latin America: Cybersecurity Market Size, By Vertical, 2015–2022 (USD Billion)

List of Figures

Figure 1 Global Cybersecurity Market Segmentation
Figure 2 Global Cybersecurity Market: Research Design
Figure 3 Breakdown of Primary Interviews: By Company, Designation, and Region
Figure 4 Data Triangulation
Figure 5 Market Size Estimation Methodology: Bottom-Up Approach
Figure 6 Market Size Estimation Methodology: Top-Down Approach
Figure 7 Cybersecurity Market: Assumptions
Figure 8 North America is Estimated to Hold the Largest Market Share in 2017
Figure 9 Fastest-Growing Segments of the Cybersecurity Market
Figure 10 Rise in Security Insider and Outsider Threats Targeting Enterprises is Expected to Boost the Cybersecurity Market
Figure 11 Services Segment is Expected to Grow at A Higher CAGR During the Forecast Period
Figure 12 Encryption Segment is Expected to Grow at A Higher CAGR During the Forecast Period
Figure 13 Managed Services Segment is Expected to Grow at A Higher CAGR During the Forecast Period
Figure 14 Application Security Segment is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 15 Cloud Segment is Expected to Grow at A Higher CAGR During the Forecast Period
Figure 16 Small and Medium-Sized Enterprises Segment is Expected to Grow at A Higher CAGR During the Forecast Period
Figure 17 Banking, Financial Services, and Insurance Vertical is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 18 The Cybersecurity Market has Immense Opportunities for Growth in Asia Pacific
Figure 19 Cybersecurity Market: Drivers, Restraints, Opportunities, and Challenges
Figure 20 Motivations Behind Attacks, 2016
Figure 21 Percentage of Spams in Emails, By Vertical, 2016
Figure 22 Top Verticals Filtered for Incidents Caused By Hacking and Insider Theft
Figure 23 Shortage of Security Professionals Results in Infrastructure Damages
Figure 24 Services Segment to Grow at A Higher CAGR During the Forecast Period
Figure 25 Encryption Segment to Grow at the Highest CAGR During the Forecast Period
Figure 26 Managed Services Segment is Expected to Grow at A Higher CAGR During the Forecast Period
Figure 27 Application Security Segment is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 28 Cloud-Based Deployment Mode is Expected to Grow at A Higher CAGR During the Forecast Period
Figure 29 Small and Medium Enterprises Segment is Expected to Grow at A Higher CAGR During the Forecast Period
Figure 30 Banking, Financial Services, and Insurance Vertical is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 31 Asia Pacific is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 32 Regional Snapshot: Asia Pacific is the Emerging Region in the Cybersecurity Market
Figure 33 North America Market Snapshot
Figure 34 Asia Pacific Market Snapshot
Figure 35 Cybersecurity Market Competitive Leadership Mapping, 2017
Figure 36 International Business Machines Corporation: Company Snapshot
Figure 37 Hewlett Packard Enterprise: Company Snapshot
Figure 38 Trend Micro, Inc.: Company Snapshot
Figure 39 Symantec Corporation: Company Snapshot
Figure 40 Check Point Software Technologies Ltd.: Company Snapshot
Figure 41 Cisco Systems, Inc.: Company Snapshot
Figure 42 Palo Alto Networks, Inc.: Company Snapshot
Figure 43 Juniper Networks, Inc.: Company Snapshot
Figure 44 Fortinet, Inc.: Company Snapshot
Figure 45 Fireeye, Inc.: Company Snapshot
Figure 46 Sophos Ltd.: Company Snapshot

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