Cyber security consists of combination of different technologies and processes that are designed to safeguarding the networks, devices, and data from any or risk or attack or the unauthorized access. Moreover, it may also be referred as information technology security which is used for the rapid deployment of web & cloud-based application which is key factor boosting the market growth. The cyber security market further offers key benefits associated to the improvement of security cyberspaces, increased cyber-defense and faster response time over the national crisis. These benefits key features of cyber security market are automatically increasing the value of service to all the end-users. Our Market Research Report of Cyber Security Industry reports will assist in analyzing the key market features.
Some of the key drivers of the cyber security market are need of improved security and data as per government regulation on the data privacy, increase in cyber threats and rise in number of data centers. However, some of the key restraints to the market are lack of awareness and availability of the pirated security software.
Some of the leading players operating in the global cyber security market are BAE Systems Plc, Check Point Software Technologies Ltd., Cisco Systems Inc., FireEye Inc., Fortinet Inc., Hewlett Packard Enterprise Development LP, McAfee LLC, Microsoft Corporation, Oracle Corporation, IBM Corporation, Intel Corporation, Symantec Corporation, and Trend Micro Inc.
The market is expected to evolve as per the changing dynamics of cyber threat landscape. The fragmentation in the industry is expected to increase as per the advancement in technology, which in turn, enables other technology providers entering in the market. The companies are targeted to offer efficient and real-time solutions over different organizations. Despite such fragmentation, the increase in spending on security solutions is expected to create an opportunity for the key market participants.
Cyber security vendors are incorporating the use of Artificial Intelligence (AI) and machine learning concepts to their solutions for addressing the critical threats related to hyper-connected workplace, with much faster threat detection, mitigation, and response capabilities. The key advancements in use of key technologies, such as AI and machine learning, have further turned the demand against cyber criminals. Moreover, the AI and machine learning-based cyber security solutions are expected to analyze huge amount of data from the past threat recorded and identifying the new threats for saving enterprise networks from all the infiltration attempts. The use of AI and machine learning techniques are expected to play an integral role when it comes to identify and safeguarding the advanced security threats.
Based on component, cyber security market is segmented into solutions and services. The solutions segment includes identity and access management, risk & compliance management, unified threat management, antivirus, web filtering, data loss prevention, disaster recovery, firewall, security information and event management and others. The services segment has been segregated into managed services and professional services. The emergence of the cyber security features are expected to proceed towards the development of a robust security environment over the public and private sector. These developments would further help in organizations to predict & mitigate any of the possible risks and threats associated to business units. The Future Analysis of Cyber Security Industry with adoption of new cyber security solutions will enhance the end-to-end security standards and will further accelerate the detection & mitigation of all cyber threats over the forecast period.
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