Industry Background:
Increase in the Frequency and Sophistication of Cyber Threats will help to boost global cyber security software market. Cybersecurity refers to the use of network architecture, software, and other technologies to protect organizations and individuals from cyber-attacks. Emergence of disruptive digital technologies, such as IOT, across industry verticals, stringent data protection regulations for information security are key driving factors cybersecurity software market.
Attributes | Details |
---|
Study Period | 2018-2028 |
Base Year | 2022 |
High Growth Market | Asia- Pacific |
Unit | Value (USD Million) |
Key Companies Profiled | Accenture (Ireland), Capgemini (France), Cognizant (United States), HCL Technologies Limited (India), IBM Corporation (United States), Symantec Corporation (United States), Tata Consultancy Services (India), Wipro Limited (India), McAfee (United States) and Cisco (United States) |
This growth is primarily driven by Growing Concern about Rising in Malware and Phishing Threats and Increase in the Number of Supply Chain-Based Attacks Exploiting the Software Supply Chain.
Globally, a noticeable market trend is evident Increasing Demand for Cloud-Based Cyber Security Solutions
The Application Software sector in the North America region has been increasing at a sustainable rate, and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Players, such as Accenture (Ireland), Capgemini (France), Cognizant (United States), HCL Technologies Limited (India), IBM Corporation (United States), Symantec Corporation (United States), Tata Consultancy Services (India), Wipro Limited (India), McAfee (United States) and Cisco (United States), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years. Cybersecurity Software market is a fragmented market due to the presence of various players. Companies are focusing on developing innovative products and solutions to improve quality, enhances and promotes performance. The companies are coming up with partnerships or agreements along with planning strategic activities such as partnerships, product launch, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge.
Key Developments in the Market:
17th June 2019, Accenture has acquired Deja vu Security, a privately held company that specializes in security design and testing of enterprise software platforms and internet of things (IoT) technologies.
On 18th December 2018, Accenture has donated 500,000 dollars over the next twelve months in the Georgia Institute of Technology’s Online Master of Science in Cybersecurity (OMS Cybersecurity) degree program.
Influencing Trend:
Increasing Demand for Cloud-Based Cyber Security Solutions and Upsurging Demand of IOT and BYOD trend
Market Growth Drivers:
Growing Concern about Rising in Malware and Phishing Threats and Increase in the Number of Supply Chain-Based Attacks Exploiting the Software Supply Chain
Challenges:
Absence of Interoperability with the Existing Information Systems and Lack of Cybersecurity Expertise for Proactive Strategic Planning
Restraints:
Continuous Requirement to Conform To Cyber Security Industry Standards, Regulations, and Complexities Of Device Security and Leveraging Ai, Machine Learning and Block Chain Technologies for Cyber Defense
Opportunities:
Cyber Security Activities Are Now Being Prioritized and Aligned To Strategic Business Activities to Minimize the Damage of IT Resources and Fuel in Requirement for Strong Authentication Techniques
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Players landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints in Cybersecurity Software Market
- Analysis about New Entrants in Cybersecurity Software Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
- An Unbiased Perspective towards Market Performance & Indicators
Against this Challenging Backdrop, Cybersecurity Software Study Sheds Light on
The Cybersecurity Software Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Cybersecurity Software industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Cybersecurity Software industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.