North American Region Displays Highest Growth Rate at a CAGR of 9.2% Over the Next Five Years in Cyber Security Market by MarketsandMarkets
Dec 21, 2012 (PRWeb.com via COMTEX) --
MarketsandMarkets recently conducted a study on the "Cyber Security Market Outlook Geographical Analysis & Competitive Landscape Global Forecast", which focuses on analyzing the major market opportunities, drivers, restraints, and opportunities across North America, Western Europe, Eastern Europe, Asia-Pacific, Middle East and Africa and Latin America.
Browse More than 145 market tables & 10 figures spread across 281 pages and an in-depth TOC on "Cyber-Security Market (Identity & Access Management (IAM), Risk & Compliance Management, Data Encryption, Data Leakage Prevention (DLP) Solution, Data Recovery Solutions, Unified Threat Management (UTM), Anti-Virus, IPS/IDS, Web Filtering, Fire-Wall, Vulnerability Management): Advanced Technologies, Geographical Analysis and Worldwide Market Forecasts (2012 - 2017)".
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The cyber security market has experienced a constant growth, largely driven by the demand for integrated security solutions, increased data privacy & compliance regulation and the growth of wireless connectivity. The market is expected to continue its growth path, with the push from actors such as rapid adoption of cloud computing, demand for mobile security solutions and security at utilities. Apart from this, in the defense sectors, we see continued increase in the US Government budgets and agency spending on national security, to the tune of over $700 billion.
MarketsandMarkets segments the cyber security market report into types, solutions, verticals and geographies. The types of security that have been analyzed in the report include network security, end-point security, application security and data & wireless security. Among these, Application security is estimated to have the highest CAGR of 17.6% between 2011 and 2016, followed by data & wireless security with a CAGR of 10.4%. The technology and solutions segment covers data encryption, data recovery, anti-virus, firewall and vulnerability management. Among these technologies, data encryption is expected to witness the most significant growth at 33.4%, followed by vulnerability management at 18.1%.
The global defense cyber security spending market is expected to grow from $70.1 billion in 2011 to $105.0 billion by 2017, at an estimated CAGR of 7.6% from 2012 to 2017. North America is the biggest spender in this market, contributing to more than 42.3% of the overall defense cyber security spending, growing at rate of 6.4%.
Apart from providing a comprehensive analysis of market forecasts and opportunities, the report also studies the growth strategies and recent developments of leading vendors A competitive landscape section provides in-depth information on the latest mergers & acquisitions (M&A), joint-ventures & collaborations and venture capital funding trends. Some of the leading companies that have been profiled in this report include Cisco (US), Check Point Software Technologies (Israel), Kaspersky Lab (Russia), Fortinet (US), IBM (US), CA Technologies (US), McAfee, Inc. (US), and Symantec (US).
MarketsandMarkets is a global market research and consulting company based in the U.S. We publish strategically analyzed market research reports and serve as a business intelligence partner to Fortune 500 companies across the world.
MarketsandMarkets also provides multi-client reports, company profiles, databases, and custom research services. They cover thirteen industry verticals, including advanced materials, automotives and transportation, banking and financial services, biotechnology, chemicals, consumer goods, energy and power, food and beverages, industrial automation, medical devices, pharmaceuticals, semiconductor and electronics, and telecommunications and IT.
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