Forecast: Cybersecurity Market to Reach $17.3B by 2025
North America expected to occupy 56% of the market share, followed by Asia-Pacific and Europe.
The report also predicts the industry to be worth $11.4 billion in 2015.
The Global Cybersecurity Market 2015-2025 report predicts the industry to be worth $11.4 billion in 2015 and forecast to reach $17.3 billion by 2025 at a CAGR of 4.23%.
Network security, data security and identity and access security are expected to account for the top three largest shares of the industry over the forecast period, with cloud security growing steadily.
RELATED: Tips to Secure Your Cyber Monday Shopping Spree
The cybersecurity market is expected to be dominated by North America — occupying 56% of the market share — followed by Asia-Pacific and Europe. Middle East, Latin America and Africa are expected to account for the remaining 10% of the overall market. The network security market is estimated to account for 44% of the global cybersecurity market. Data security and identify and access security are also expected to account for a significant portion of the total cybersecurity market during the forecast period, with shares of 25% and 16%, respectively. Cloud security will account for the remaining 15% of global cybersecurity expenditure.
The research provides as in-depth analysis of cybersecurity market size and drivers, recent developments and industry challenges, SWOT analysis, regional highlights, major programs as well as competitive landscape and strategic insights providing analysis of the competitive landscape of the global market.
Dynamic nature of cyber threats warrants increased spending on innovative technologies, growing use of cloud storage systems to drive demand for cloud security and heightening reliance on IT increasing vulnerability to cyberattacks are the major demand drivers discussed in this research.
RELATED: How Hackers Identify, Penetrate Weak Company IP Networks
If you enjoyed this article and want to receive more valuable industry content like this, click here to sign up for our FREE digital newsletters!
Related Content
Security Is Our Business, Too
For professionals who recommend, buy and install all types of electronic security equipment, a free subscription to Commercial Integrator + Security Sales & Integration is like having a consultant on call. You’ll find an ideal balance of technology and business coverage, with installation tips and techniques for products and updates on how to add to your bottom line.
A FREE subscription to the top resource for security and integration industry will prove to be invaluable.
