What is Cyber Security Software Market?
The cyber security is also referred to as information technology security. Cyber security software is a computer program which is designed to enhance the information security. It is also designed to protect the networks, devices, programs, and data from an attack or unauthorized access. There are various types of cyber security software which includes anti-virus software, internet security software, malware/spam ware removal, firewall software, network security software and protection software. Therefore, there is increasing demand of cyber security software for the protection from cyber-attacks.
The market study is being classified and major geographies with country level break-up.
DriveStrike (United States), Jazz Networks (United States), C3M (Canada), ThreatLocker (United States), Panorays (Israel), CyberSaint Security (United States), Exabeam (United States), Swascan (Italy), HackerOne (United States) and Secure Digital Solutions (United States) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are CYBEATS (Canada), Fornetix (United States), SecureWorks (United States), SaltStack (United States) and Defendify (United States).
The companies are now exploring the market by adopting mergers & acquisitions, expansions, investments, new developments in existing products and collaborations as their preferred strategies. The players are also exploring new geographies and industries through expansions and acquisitions so as to avail a competitive advantage through combined synergies. Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global Cyber Security Software market throughout the predicted period.
Segment Analysis
Analyst at AMA have segmented the market study of Global Cyber Security Software market by Type, Application and Region.
On the basis of geography, the market of Cyber Security Software has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Growing Popularity and Digitization is Fueling the Market Growth
- Increasing Cyber Threats and Terrorism
Market Trend
- Increasing Demand of Cloud Based Cyber Security Solutions
Restraints
- Stringent Cyber Security Industry Regulations
Opportunities
- Increasing Usage of Cyber Security Software in Various Industries Such as Government, IT and Telecom, and Others
- Emergence of Digital Technologies Such as Internet of Things
Challenges
- Complexity Involved in Device Security
- Constant Need for Development Due to Emergence of New Threats
In April 2020, Patchwork Health partnered with Truu which is a digital passports provider. It enables the rapid deployment of workers across NHS Trusts during the COVID-19 outbreak. Truu’s digital staff passports allow healthcare workers to accumulate credentials issued from their home hospitals. These are then shared securely with new hospitals.
Key Target Audience
Cyber security software developers, Government associations, Research organizations, software vendors and Others