Global Cyber Data Security Market Size By Deployment Model, By Service Type, By Organization Size, By Application, By Geographic Scope And Forecast

Report Highlights

Cyber Data Security Market Size And Forecast

Cyber Data Security Market was valued at USD 168.58 Billion in 2019 and is projected to reach USD 377.86 Billion by 2027, growing at a CAGR of 11.45% from 2020 to 2027.

The Cyber Data Security Market report provides a holistic evaluation of the market for the forecast period. The report comprises of various segments as well an analysis of the trends and factors that are playing a substantial role in the market. These factors; the market dynamics, involves the drivers, restraints, opportunities and challenges through which the impact of these factors in the market are outlined. The drivers and restraints are intrinsic factors whereas opportunities and challenges are extrinsic factors of the market. The Cyber Data Security Market study provides an outlook on the development of market in terms of revenue throughout the prognosis period.

Global Cyber Data Security Market Overview

The major factors driving the cybersecurity market are increase in the frequency and sophistication of cyber-attacks, emergence of disruptive digital technologies like IoT, stringent data protection regulations for information security and increase in number of supply chain based attacks exploiting the software supply chain. The instances of massive cyber attacks globally are gradually increasing. Cyber terrorists attack endpoints, networks, data and other IT infrastructure that lead to a huge financial losses to the individuals, enterprises and governments. The primary motive behind cyber-criminals includes political rivalry, financial gain, harm reputation, international rivalry and radical religious group interest. The majority of cyber attacks are for financial gain. Ransomware, such as WannaCry, Petya, NotPetya, and BadRabbit, are some of the significant ransomware, which have affected enterprises and government organizations on a large scale.

This report provides an all-inclusive environment of the analysis for the Cyber Data Security Market. The market estimates provided in the report are the result of in-depth secondary research, primary interviews and in-house expert reviews. These market estimates have been considered by studying the impact of various social, political and economic factors along with the current market dynamics affecting the Cyber Data Security Market growth.

Along with the market overview, which comprises of the market dynamics the chapter includes a Porter’s Five Forces analysis which explains the five forces: namely buyers bargaining power, suppliers bargaining power, threat of new entrants, threat of substitutes, and degree of competition in the Cyber Data Security Market. It explains the various participants, such as system integrators, intermediaries and end-users within the ecosystem of the market. The report also focuses on the competitive landscape of the Cyber Data Security Market.