Cybersecurity Market by Solution (IAM, Encryption, UTM, Antivirus/Antimalware, Firewall, IDS/IPS, Disaster Recovery, and DDOS Mitigation), Service, Security Type, Deployment Mode, Organization Size, Industry Vertical, and Region - Global Forecast to 2023

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Date: 21-Sep-2018
No. of pages: 244
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Increasing government compliances and stringent data protection regulations are expected to drive the growth of the cybersecurity market

MarketsandMarkets forecasts the cybersecurity market size to grow from USD 152.71 billion in 2018 to USD 248.26 billion by 2023, at a Compound Annual Growth Rate (CAGR) of 10.2% during the forecast period. The market growth is expected to bedrivenby the increasing government compliances and regulatory requirements; the emergence of disruptive digital technologies such as the Internet of Things (IoT), Artificial Intelligence (AI), and big data analytics; and the growing sophistication level of cyber-attacks. However, limited security budget among Small and Medium-sized Enterprises (SMEs)and the easy availability of free and pirated cybersecurity solutions may restrain the growth of the cybersecurity market.

Under solutions, the Identity and Access Management (IAM) segment is expected to hold the largest market size during the forecast period

The IAM solutions segment is estimated to hold the largest market share in 2018.IAM solutions play a critical role in managing enterprises’ electronic and digital identities.These solutions help businesses improve their security posture by offering centralized visibility and control of users’ access. IAM solutions have registered tremendousadoptionin recent years, as they can be quickly and cost-effectively integrated with IAM policies across on-premises and cloud environments.

Under security types, the network security segment is expected to hold the largest market size during the forecast period

The network security segment is expected to hold the largest market size during the forecast period, and this growth can be attributed to the rising number of network security breaches wherein hackers try to illegally gain access to sensitive data. As vulnerabilities have become more complex and sophisticated, the demand for network security products is expected to increase for countering threats.

North America is expected to hold the largest market share, whereas Asia Pacific (APAC) to grow at the highest CAGR during the forecast period

North America is estimated to hold the largest market size and dominate the global cybersecurity market in 2018, due to the presence of a large number of cybersecurity vendors. Increasing information security challenges, due to network complexities, along with the need to meet the strict compliance regulations and enhance employees’ productivity, are pushing organizations in North America to adopt cybersecurity solutions. APAC is expected to offer significant growth opportunities to vendors in the cybersecurity market, as countries in this region are investing heavily in deploying cybersecurity and compliance management solutions. APAC offers potential growth opportunities due to the rising demand for cybersecurity solutions across SMEs, and the growth in mobile and web-based applications for business-critical operations.

In the process of determining and verifying the market size for several segments and sub segments gathered through secondary research, extensive primary interviews were conducted with key people.The breakup of the profiles of the primary participants is as follows:


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

  • By Designation: C-level – 60%,D-Level– 25%, and Others – 15%

  • By Region: North America – 35%, Europe – 25%, APAC – 20%, MEA – 10%, and Latin America – 10%


The key cybersecurity solution and service vendors include IBM (US), Check Point (US), Cisco (US), CyberArk (Israel), F5 Networks (US), FireEye (US), Forcepoint (US), Fortinet (US), Amazon Web Services (US), Oracle (US), Palo Alto Networks (US), Imperva (US), Qualys (US), RSA Security (US), F-Secure (Finland), McAfee (US), Micro Focus (UK), Microsoft (US), Proofpoint (US), Rapid7 (US), Sophos (UK), Splunk (US), Symantec (US), Trend Micro (Japan), and Juniper Networks (US).

Research Coverage

The research study segments the cyber security market by component, security type,deployment mode, organization size, industry vertical, and region. It includes the factors expected to drive the growth of the global cybersecurity market along with the growth opportunities in this market. It also explains the restraining factors and challenges for the growth of the cybersecurity market. Moreover, it consists of detailed company profiles of the key players offering cybersecurity solutions and services.

The report would help market leaders/new entrants in the market in the following ways:


  • The report comprehensively segments the cybersecurity market and provides the closest approximations of the revenue numbers for the overall market and its segments and sub segments across regions.

  • It helps stakeholders understand the pulse of the market and provides them with information about key market drivers, restraints, challenges, and opportunities.

  • It helps stake holders better understand their competitors and gain more insights for improving their position in their businesses. The competitive landscape section includes competitor ecosystems, new product developments, partnerships, and mergers and acquisitions.

Cybersecurity Market by Solution (IAM, Encryption, UTM, Antivirus/Antimalware, Firewall, IDS/IPS, Disaster Recovery, and DDOS Mitigation), Service, Security Type, Deployment Mode, Organization Size, Industry Vertical, and Region - Global Forecast to 2023

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 Primaries
2.1.2.2 Key Industry Insights
2.2 Market Size Estimation
2.3 Research Assumptions and Limitations
2.3.1 Research Assumptions
2.3.2 Research Limitations

3 Executive Summary

4 Premium Insights
4.1 Attractive Market Opportunities in the Cybersecurity Market
4.2 Market Share of Top 3 Security Types and Regions, 2018
4.3 Top 3 Solutions, 2018-2023
4.4 Cybersecurity Market, by Service, 2018–2023
4.5 Market by Professional Service, 2018
4.6 Market by Deployment Mode, 2018
4.7 Market by Organization Size, 2018
4.8 Top 3 Industry Verticals, 2018
4.9 Market Investment Scenario

5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Increase in the Frequency and Sophistication of Cyber Threats
5.2.1.2 Emergence of Disruptive Digital Technologies, Such as IoT, Across Industry Verticals
5.2.1.3 Stringent Data Protection Regulations for Information Security
5.2.1.4 Increase in the Number of Supply Chain-Based Attacks Exploiting the Software Supply Chain
5.2.2 Restraints
5.2.2.1 Limited Security Budget Among SMEs
5.2.2.2 Use of Pirated and Open Source Cybersecurity Solutions
5.2.3 Opportunities
5.2.3.1 Increase in the Ecommerce Penetration Across Industry Verticals
5.2.3.2 Leveraging Ai, Machine Learning and Blockchain Technologies for Cyber Defense
5.2.3.3 Growing Need of Cloud-Based Security Solutions Among SMEs
5.2.4 Challenges
5.2.4.1 Dearth of Cybersecurity Expertise for Proactive Strategic Planning
5.2.4.2 Lack of Interoperability With the Existing Information Systems
5.3 Regulatory Implications
5.3.1 General Data Protection Regulation
5.3.2 Payment Card Industry Data Security Standard
5.3.3 Health Insurance Portability and Accountability Act
5.3.4 Federal Information Security Management Act
5.3.5 Gramm-Leach-Bliley Act
5.3.6 Sarbanes-Oxley Act
5.3.7 The International Organization for Standardization 27001
5.4 Use Cases
5.4.1 Adoption of User Behavior Analytics for Detecting Insider Threats in Retail Organization
5.4.2 Dependence of A Leading IT and Telecom Company on DDOS Protection and Mitigation Solution
5.4.3 Dependence of Oil and Gas Organization on Ransomeware Protection Solution
5.4.4 Anomaly Detection Solution Adopted By Electric-Power and Gas Company
5.4.5 Large-Scale Adoption of Email Encryption in Financial Organization
5.5 Innovation Spotlight
5.5.1 Splunk
5.5.2 Cyberbit
5.5.3 Carbon Black
5.5.4 Balbix

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

7 Market 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/Antimalware
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 Web Filtering
7.14 Others

8 Cybersecurity Market, By Service
8.1 Introduction
8.2 Professional Services
8.2.1 Design and Implementation
8.2.2 Risk and Threat Assessment
8.2.3 Consulting
8.2.4 Training and Education
8.2.5 Support and Maintenance
8.3 Managed Services

9 Market By Security Type
9.1 Introduction
9.2 Network Security
9.3 Endpoint Security
9.4 Application Security
9.5 Cloud Security
9.6 Others

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

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

12 Cybersecurity Market, By Industry 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 Cybersecurity Market, By Region
13.1 Introduction
13.2 North America
13.2.1 United States
13.2.2 Canada
13.3 Europe
13.3.1 United Kingdom
13.3.2 Germany
13.3.3 France
13.3.4 Rest of Europe
13.4 Asia Pacific
13.4.1 China
13.4.2 Japan
13.4.3 India
13.4.4 Australia and New Zealand
13.4.5 Rest of Asia Pacific
13.5 Middle East and Africa
13.5.1 Middle East
13.5.2 Africa
13.6 Latin America
13.6.1 Brazil
13.6.2 Mexico
13.6.3 Rest of Latin America

14 Competitive Landscape
14.1 Overview
14.2 Competitive Scenario
14.2.1 New Product Launches and Product Enhancements
14.2.2 Partnerships, Agreements, and Collaborations
14.2.3 Mergers and Acquisitions
14.2.4 Business Expansions

15 Company Profiles
15.1 IBM
(Business Overview, Solutions, Products & Services, Key Insights, Recent Developments, SWOT Analysis, MnM View)*
15.2 Symantec
15.3 FireEye
15.4 Check Point
15.5 Cisco
15.6 Trend Micro
15.7 Sophos
15.8 Rapid7
15.9 McAfee
15.10 Micro Focus
15.11 Microsoft
15.12 Imperva
15.13 Splunk
15.14 F5 Networks
15.15 Proofpoint
15.16 RSA Security
15.17 AWS
15.18 Juniper Networks
15.19 Oracle
15.20 Fortinet
15.21 Palo Alto Networks
15.22 CyberArk
15.23 Forcepoint
15.24 F-Secure
15.25 Qualys

*Details on Business Overview, Solutions, Products & Services, Key Insights, Recent Developments, SWOT Analysis, MnM View Might Not Be Captured in Case of Unlisted Companies.

16 Appendix
16.1 Insights of Industry Experts
16.2 Discussion Guide
16.3 Knowledge Store: MarketsandMarkets’ Subscription Portal
16.4 Available Customizations
16.5 Related Reports
16.6 Author Details

List of Tables

Table 1 Cybersecurity Market Size and Growth, 2016–2023 (USD Billion, Y-O-Y %)
Table 2 Cybersecurity Market Size, By Component, 2016–2023 (USD Billion)
Table 3 Solutions: Market Size, By Region, 2016–2023 (USD Billion)
Table 4 Services: Market Size, By Region, 2016–2023 (USD Billion)
Table 5 Market Size, By Solution, 2016–2023 (USD Billion)
Table 6 Identity and Access Management: Market Size, By Region, 2016–2023 (USD Billion)
Table 7 Risk and Compliance Management: Market Size, By Region, 2016–2023 (USD Billion)
Table 8 Encryption: Market Size, By Region, 2016–2023 (USD Billion)
Table 9 Data Loss Prevention: Market Size, By Region, 2016–2023 (USD Billion)
Table 10 Unified Threat Management: Market Size, By Region, 2016–2023 (USD Billion)
Table 11 Firewall: Market Size, By Region, 2016–2023 (USD Billion)
Table 12 Antivirus/Antimalware: Market Size, By Region, 2016–2023 (USD Billion)
Table 13 Intrusion Detection System/Intrusion Prevention System: Market Size, By Region, 2016–2023 (USD Billion)
Table 14 Security and Vulnerability Management: Market Size, By Region, 2016–2023 (USD Billion)
Table 15 Disaster Recovery: Market Size, By Region, 2016–2023 (USD Billion)
Table 16 Distributed Denial of Service Mitigation: Market Size, By Region, 2016–2023 (USD Billion)
Table 17 Web Filtering: Market Size, By Region, 2016–2023 (USD Billion)
Table 18 Others: Market Size, By Region, 2016–2023 (USD Billion)
Table 19 Cybersecurity Market Size, By Service, 2016–2023 (USD Billion)
Table 20 Professional Services: Market Size, By Region, 2016–2023 (USD Billion)
Table 21 Professional Services: Market Size, By Type, 2016–2023 (USD Billion)
Table 22 Design and Implementation Market Size, By Region, 2016–2023 (USD Billion)
Table 23 Risk and Threat Assessment Market Size, By Region, 2016–2023 (USD Billion)
Table 24 Consulting Market Size, By Region, 2016–2023 (USD Billion)
Table 25 Training and Education Market Size, By Region, 2016–2023 (USD Billion)
Table 26 Support and Maintenance Market Size, By Region, 2016–2023 (USD Billion)
Table 27 Managed Services: Market Size, By Region, 2016–2023 (USD Billion)
Table 28 Cybersecurity Market Size, By Security Type, 2016–2023 (USD Billion)
Table 29 Network Security: Market Size, By Region, 2016–2023 (USD Billion)
Table 30 Endpoint Security: Market Size, By Region, 2016–2023 (USD Billion)
Table 31 Application Security: Market Size, By Region, 2016–2023 (USD Billion)
Table 32 Cloud Security: Market Size, By Region, 2016–2023 (USD Billion)
Table 33 Others: Market Size, By Region, 2016–2023 (USD Billion)
Table 34 Cybersecurity Market Size, By Deployment Mode, 2016–2023 (USD Billion)
Table 35 On-Premises: Market Size, By Region, 2016–2023 (USD Billion)
Table 36 Cloud: Market Size, By Region, 2016–2023 (USD Billion)
Table 37 Cybersecurity Market Size, By Organization Size, 2016–2023 (USD Billion)
Table 38 Small and Medium-Sized Enterprises: Market Size, By Region, 2016–2023 (USD Billion)
Table 39 Large Enterprises: Market Size, By Region, 2016–2023 (USD Billion)
Table 40 Cybersecurity Market Size, By Industry Vertical, 2016–2023 (USD Billion)
Table 41 Aerospace and Defense: Market Size, By Region, 2016–2023 (USD Billion)
Table 42 Government: Market Size, By Region, 2016–2023 (USD Billion)
Table 43 Banking, Financial Services, and Insurance: Market Size, By Country, 2016–2023 (USD Billion)
Table 44 IT and Telecom: Market Size, By Region, 2016–2023 (USD Billion)
Table 45 Healthcare: Market Size, By Region, 2016–2023 (USD Billion)
Table 46 Retail: Market Size, By Region, 2016–2023 (USD Billion)
Table 47 Manufacturing: Market Size, By Region, 2016–2023 (USD Billion)
Table 48 Energy and Utilities: Market Size, By Region, 2016–2023 (USD Billion)
Table 49 Others: Market Size, By Region, 2016–2023 (USD Billion)
Table 50 Cybersecurity Market Size, By Region, 2016–2023 (USD Billion)
Table 51 North America: Market Size, By Country, 2016–2023 (USD Billion)
Table 52 North America: Market Size, By Component, 2016–2023 (USD Billion)
Table 53 North America: Market Size, By Solution, 2016–2023 (USD Billion)
Table 54 North America: Market Size, By Service, 2016–2022 (USD Billion)
Table 55 North America: Market Size, By Professional Service, 2016–2023 (USD Billion)
Table 56 North America: Market Size, By Security Type, 2016–2023 (USD Billion)
Table 57 North America: Market Size, By Deployment Mode, 2016–2023 (USD Billion)
Table 58 North America: Market Size, By Organization Size, 2016–2023 (USD Billion)
Table 59 North America: Market Size, By Industry Vertical, 2016–2023 (USD Billion)
Table 60 Europe: Cybersecurity Market Size, By Country, 2016–2023 (USD Billion)
Table 61 Europe: Market Size, By Component, 2016–2023 (USD Billion)
Table 62 Europe: Market Size, By Solution, 2016–2023 (USD Billion)
Table 63 Europe: Market Size, By Service, 2016–2022 (USD Billion)
Table 64 Europe: Market Size, By Professional Service, 2016–2023 (USD Billion)
Table 65 Europe: Market Size, By Security Type, 2016–2023 (USD Billion)
Table 66 Europe: Market Size, By Deployment Mode, 2016–2023 (USD Billion)
Table 67 Europe: Market Size, By Organization Size, 2016–2023 (USD Billion)
Table 68 Europe: Market Size, By Industry Vertical, 2016–2023 (USD Billion)
Table 69 Asia Pacific: Cybersecurity Market Size, By Country, 2016–2023 (USD Billion)
Table 70 Asia Pacific: Market Size, By Component, 2016–2023 (USD Billion)
Table 71 Asia Pacific: Market Size, By Solution, 2016–2023 (USD Billion)
Table 72 Asia Pacific: Market Size, By Service, 2016–2022 (USD Billion)
Table 73 Asia Pacific: Market Size, By Professional Service, 2016–2023 (USD Billion)
Table 74 Asia Pacific: Market Size, By Security Type, 2016–2023 (USD Billion)
Table 75 Asia Pacific: Market Size, By Deployment Mode, 2016–2023 (USD Billion)
Table 76 Asia Pacific: Market Size, By Organization Size, 2016–2023 (USD Billion)
Table 77 Asia Pacific: Market Size, By Industry Vertical, 2016–2023 (USD Billion)
Table 78 Middle East and Africa: Cybersecurity Market Size, By Sub Region, 2016–2023 (USD Billion)
Table 79 Middle East and Africa: Market Size, By Component, 2016–2023 (USD Billion)
Table 80 Middle East and Africa: Market Size, By Solution, 2016–2023 (USD Billion)
Table 81 Middle East and Africa: Market Size, By Service, 2016–2022 (USD Billion)
Table 82 Middle East and Africa: Market Size, By Professional Service, 2016–2023 (USD Billion)
Table 83 Middle East and Africa: Market Size, By Security Type, 2016–2023 (USD Billion)
Table 84 Middle East and Africa: Market Size, By Deployment Mode, 2016–2023 (USD Billion)
Table 85 Middle East and Africa: Market Size, By Organization Size, 2016–2023 (USD Billion)
Table 86 Middle East and Africa: Market Size, By Industry Vertical, 2016–2023 (USD Billion)
Table 87 Latin America: Cybersecurity Market Size, By Country, 2016–2023 (USD Billion)
Table 88 Latin America: Market Size, By Component, 2016–2023 (USD Billion)
Table 89 Latin America: Market Size, By Solution, 2016–2023 (USD Billion)
Table 90 Latin America: Market Size, By Service, 2016–2022 (USD Billion)
Table 91 Latin America: Market Size, By Professional Service, 2016–2023 (USD Billion)
Table 92 Latin America: Market Size, By Security Type, 2016–2023 (USD Billion)
Table 93 Latin America: Market Size, By Deployment Mode, 2016–2023 (USD Billion)
Table 94 Latin America: Market Size, By Organization Size, 2016–2023 (USD Billion)
Table 95 Latin America: Market Size, By Industry Vertical, 2016–2023 (USD Billion)
Table 96 New Product Launches and Product Enhancements, 2017–2018
Table 97 Partnerships, Agreements, and Collaborations, 2017–2018
Table 98 Mergers and Acquisitions, 2017–2018
Table 99 Business Expansions, 2017–2018

List of Figures

Figure 1 Cybersecurity Market: Market Segmentation
Figure 2 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 Services Segment is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 9 North America is Estimated to Hold the Largest Market Share in 2018
Figure 10 Fastest-Growing Segments of the Cybersecurity Market
Figure 11 Constantly Evolving and Increasing Cyber-Attacks are Expected to Steadily Push the Demand for Cybersecurity Solutions and Services Across Various Industry Verticals and Regions
Figure 12 Network Security Type Segment and North American Region are Estimated to Have the Largest Market Shares in 2018
Figure 13 Identity and Access Management Solution is Estimated to Have the Largest Market Share in 2018
Figure 14 Professional Services Segment is Expected to Have the Larger Market Share During the Forecast Period
Figure 15 Consulting Segment is Estimated to Have the Largest Market Share in 2018
Figure 16 On-Premises Deployment Mode Segment is Expected to Hold the Larger Market Share in 2018
Figure 17 Large Enterprises Segment is Estimated to Hold the Larger Market Share in 2018
Figure 18 Government Industry Vertical to Have the Largest Market Share in 2018
Figure 19 Asia Pacific is Expected to Emerge as the Best Market for Investment in the Next 5 Years
Figure 20 Cybersecurity Market: Drivers, Restraints, Opportunities, and Challenges
Figure 21 Motivation Behind Hacking, 2017
Figure 22 Vulnerabilities Across A Software Supply Chain
Figure 23 Top Global Ransomware Attacks, 2017
Figure 24 Top Enterprise Concerns About Malware Efforts From Unlicenced Software
Figure 25 Top 10 Attack Techniques in 2017
Figure 26 Services Segment to Grow at the Higher CAGR During the Forecast Period
Figure 27 Encryption Solution is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 28 Managed Services Segment is Expected to Grow at the Higher CAGR During the Forecast Period
Figure 29 Application Security Segment is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 30 Cloud Deployment Mode is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 31 Small and Medium-Sized Enterprises Segment is Expected to Grow at the Higher CAGR During the Forecast Period
Figure 32 Security Breach and Attack Rate on 5 Industry Verticals
Figure 33 Average Annualized Cost of Cybercrime By Industry Vertical
Figure 34 Healthcare Industry Vertical is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 35 Top Malware, By Region, 2017
Figure 36 Asia Pacific is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 37 North America: Market Snapshot
Figure 38 Asia Pacific: Market Snapshot
Figure 39 Key Developments By the Leading Players in the Cybersecurity Market, 2017–2018
Figure 40 Key Market Evaluation Framework
Figure 41 IBM: Company Snapshot
Figure 42 IBM: SWOT Analysis
Figure 43 Symantec: Company Snapshot
Figure 44 Symantec: SWOT Analysis
Figure 45 FireEye: Company Snapshot
Figure 46 FireEye: SWOT Analysis
Figure 47 Check Point: Company Snapshot
Figure 48 Check Point: SWOT Analysis
Figure 49 Cisco: Company Snapshot
Figure 50 Cisco: SWOT Analysis
Figure 51 Trend Micro: Company Snapshot
Figure 52 Sophos: Company Snapshot
Figure 53 Rapid7: Company Snapshot
Figure 54 Micro Focus: Company Snapshot
Figure 55 Microsoft: Company Snapshot
Figure 56 Imperva: Company Snapshot
Figure 57 Splunk: Company Snapshot
Figure 58 F5 Networks: Company Snapshot
Figure 59 Proofpoint: Company Snapshot
Figure 60 AWS: Company Snapshot
Figure 61 Juniper Networks: Company Snapshot
Figure 62 Oracle: Company Snapshot
Figure 63 Fortinet: Company Snapshot
Figure 64 Palo Alto Networks: Company Snapshot
Figure 65 CyberArk: Company Snapshot
Figure 66 Forcepoint: Company Snapshot
Figure 67 F-Secure: Company Snapshot
Figure 68 Qualys: Company Snapshot

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