The cyber security services market was valued at USD 149.67 Billion in 2020, and it is expected to reach a value of USD 304.91 Billion by 2027, at a CAGR of 9.40% over the forecast period (2020 – 2027).
Global Cyber Security Services Market Segmentation
The Global cyber security services market is segmented based on Component, Application Area, organization sizes, verticals, and Region. Based on Component it is categorized into: Solution and Service. Based on Application Area it is categorized into: Network Security, Endpoint Security, Application Security, Cloud. Based on organization sizes it is categorized into: SMEs, Large Enterprises. Based on verticals it is categorized into: Banking, Financial Services, Insurance, Government and Defense, Retail, Healthcare, IT and Telecom, Energy and Utilities, Manufacturing. Based on region it is categorized into: North America, Europe, Asia-Pacific, South America, and MEA.
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Global Cyber Security Services Market: Competitive Landscape
The market is characterized by the presence of a few well-established players. New product launches, partnerships and investing in research & development have been a key business strategy. Some of their recent developments are as follows:
In October 2020, IBM Security announced new capabilities for Cloud Pak for Security, including, a data security solution that allows companies to detect, respond to and protect against threats to sensitive data across hybrid cloud environments.
In July 2020, Google Cloud announced two new security offerings, Confidential VMs and Assured Workloads, for governments to provide customers with advanced security tools to support compliance and data confidentiality.
Key players in cyber security services market are:
Accenture
AT&T
Atos SE
Capgemini
Cisco
CrowdStrike
Deloitte Touche Tohmatsu Limited
DXC Technology Company
IBM
Rapid 7
Scope of the Report
The study provides an analysis of the Global cyber security services Market in the emerging and established markets across the globe, including North America, Europe, Asia-Pacific, South America, and Middle East & Africa. For each segment, the market sizing and forecasts have been done on the basis of value.
Key Questions addressed in this report
Which are the high-growth market segments in terms of different segment names?
What is the historical market size for the Global cyber security services Market?
What are the market forecasts and estimates for the period 2020-2027?
What are the major drivers, restraints, opportunities, and challenges in the Global cyber security services Market?
Who are the major players in the market, and what share of the market do they hold?
Who are the major players in various countries, and what share of the market do they hold?
How is the competitive landscape for the Global cyber security services Market?
What are the recent developments in the Global cyber security services Market?
What are the different strategies adopted by the major players in the market?
What are the key geographic trends, and which are the high-growth countries?
Who are the local emerging players in the Global cyber security services Market, and how do they compete with the other players?
Table Of Content Cyber Security Services Market
1. Introduction
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Porter's Five Forces Analysis
6. PESTEL Analysis
7. Impact of COVID 19 on the market
8. Key Mandates & Regulations
9. Pricing Analysis
10.Competitive Analysis
11.Global cyber security services Market Value by Region and Country
12.Global cyber security services Market Value by Component
13.Global cyber security services Market Value by Application Area
14.Global cyber security services Market Value by organization sizes
15.Global cyber security services Market Value by verticals
16.cyber security services Top Players Company Profiles
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Methodology
For Global cyber security services Market our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
Information Procurement: This stage involved the procurement of market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders etc. Overall the information procurement was one of the most extensive stages in our research process.
Information Analysis: This step involved triangulation of data through bottom up and top down approach to estimate and validate the total size and future estimate of the Global cyber security services Market.
Report Formulation: The final step entailed the placement of data points at appropriate market spaces in an attempt to deduce viable conclusions.
Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data-points to be used for final calculations. The final market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
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Mobile network security vulnerabilities are not new, and they will not go away with 5G.
Overall, 5G is more secure than 4G, but they will usher in a wave of new IoT applications, but will it be safe.cy5G networks will usher in a wave of new IoT (Internet of Things) applications.
As with the implementation of any new technology, it is vital to ensure that a secure foundation is in place.
This is especially important when we consider that 5G will accelerate the deployment of smart devices and the applications they support.https://www.pamten.com/blog/iot-risk-management/
Increased awareness is driving sales of various public safety solutions, such as computer-aided dispatch solutions, jail management systems, and record management solutions, to name a few, with strong growth forecast for North America, Europe, APEJ, and Japan in the coming years.The most recent edition of MarketNgage's 'public safety software' market study provides an up-to-date analysis of this industry, with a focus on its driving and restraining factors, as well as the impact of the COVID-19 pandemic on demand-supply trajectories for the forecast period of 2021 to 2031.
The report also offers insights into new market trends and strategies being implemented by both leading players and new entrants in this space.With the rapid digitization of the past few years, the demand for public safety solutions has increased significantly.
The rise in cyber security threats, terrorist attacks, and natural disasters has boosted sales of public safety solutions such as mobile police software, court management solutions, and scheduling solutions.
Furthermore, increased mergers and agreements between vendors and technology partners in the public safety software industry have increased sales over the last five years from 2016 to 2020.In the notorious dark web, cybercrime as a service is emerging as a business model.
A cyberattack exposed 40 million customers' personal information, including social security numbers and driver licence numbers.As a result, the incident is expected to reduce customer traffic.
Despite the best efforts of cyber security experts, frequent attacks have highlighted the need for technological advancements to ensure data integrity.
Every year first Thursday of May month is celebrated as World Password Day.
It celebrated first in 2013.
This day reminds everyone to keep a good habit of password hygiene or change your password more often in a year.
Due to the unresolved crisis from the starting of COVID-19, cybersecurity service provider like Sattrix Information Security have become more attentive regarding the protection of identity and access management of the remote workforce.COVID-19 was started to spread in the world in February 2020 and the 2nd wave effect is still going on in many countries like India, UAE, UK, USA, France, Brazil and many more.
Many countries in the world have caught in the hands of hackers from this COVID-19 themed attack.
2020 is become a historic year on the earth not only for pandemic waves, but also for several cyberattacks.For more details:- https://medium.com/sattrix-cyber-security-solutions/world-password-day-be-online-safe-and-secure-92165910be6d
Cybersecurity experts are raising alarms about “smishing,” a unique form of phishing that attempts to deliver malicious links or infected applications to cell phones via text or SMS messages.
