Cyber security to reach $167.7 billion by 2022

DUBLIN, 20 Oct. 2016. Worldwide demand for cyber security tools and services will reach $167.7 billion over the next five years after increasing at a combined annual growth rate (CAGR) of 22.6 percent from 2016 to 2022, predict analysts at market researcher Research and Markets in Dublin. Research and Markets outlines this growth in the global cyber security market in the report Worldwide Commercial Cyber Security Market. the report covers types like networks, clouds, content, wireless, applications, and end points; as well as solutions, services, by end-users by regions, drivers, opportunities, and trends.

Oct 20th, 2016
By Mil & Aero staff
By Mil & Aero staff

DUBLIN, 20 Oct. 2016. Worldwide demand for cyber security tools and services will reach $167.7 billion over the next five years after increasing at a combined annual growth rate (CAGR) of 22.6 percent from 2016 to 2022, predict analysts at market researcher Research and Markets in Dublin.

Research and Markets outlines this growth in the global cyber security market in the report Worldwide Commercial Cyber Security Market. the report covers types like networks, clouds, content, wireless, applications, and end points; as well as solutions, services, by end-users by regions, drivers, opportunities, and trends.

The study covers current market scenario, government initiatives, and technologies related to the market. Industries covered include aerospace and defense; retail; and health care.

The lack of consistency in security measures is one of the main factors hindering the market growth, analysts say. The rise in the cyber attacks in banking and health care is one of the key reasons for the growth of commercial cyber security market.

Related: Industry fragmentation, government regulations, and big data will dominate cyber security in 2015

The report segments the cyber security market by security types, services, solutions, end-users, and regions. Security types include network security, cloud security, content security, wireless security, application security and endpoint security.

The Americas is one of the key regions for the commercial cyber security market. Key companies in the cyber security market include Argus Cyber Security; BAE Systems Intelligence & Security; Cato Networks; Check Point Software Technology; Cisco Systems; Ixtel Technologies; McAfee; Nexusguard Limited; PhishMe Inc; root9B Technologies; and Symantec.

For more information contact Research and Markets online at www.researchandmarkets.com.

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