Cyber Security Market Research Reports - Ken Research

 Cybersecurity safeguards the network, information, and personal data from cyberattacks. The trends of BYOD, AI, IoT, and machine learning in cybersecurity are speedily increasing. For instance, machine learning proposes benefits in outlier detection, which profits the cybersecurity.

Safeguarding devices connected to the internet that safeguard from several threats in cyberspace are denoted to as the cybersecurity. It companies safeguarding data, software and hardware while also heling in the prevention of the fraudsters getting admittance to the networks and devices. The safeguard their cash, data and intellectual property, business demand the cyber security. Individuals demand it for the same causes, while intellectual property is less of the concern and the peril of losing the important information, likewise family images, is higher. When it comes to the public services or governmental personalities, cyber security confirms that the public may continue to depend on their services.

Increment in the malware and phishing threats among the enterprises and increment in implementation of IoT and BYOD trend are fostering the cyber security market revenue. Not only has this, increment in requirement for cloud-based cyber security solutions positively impacts the growth of the cyber security market. however, the budget constraints amongst the organizations and complexities of the device security limit the market growth. On the contrary, increment in implementation of mobile device applications and platforms, require for robust authentication approaches, and transformation in the traditional antivirus software industry are predicted to propose remunerative choices for the enlargement of the market throughout the review period.

On the basis of cyber security market research reports, key market players in this market are accepting core technologies likewise internet of things, machine learning, cloud, and big data in their business security units. They are further implementing an IoT and machine learning signature less security system. This implementation assists the market players understand uncertain activities and trials and recognise and detect the uncertain threats.

With the growing growth in the IoT market, IoT solutions are obtaining popularity around numerous information security applications. Consequently, the implementation of improved technologies in the internet security is considered one of the speedily emerging market trends. In addition, the big data and cloud technology assistance enterprises in learning and disclosing the potential perils.

Another trend that helps the market’s growth is the augmented implementation of cloud computing. Players in the cyber security identify and access management market, involving IBM corporation, Cisco systems, and several others, aim on enhancing the advanced cybersecurity solutions reliant on cloud computing. These cloud computing services are structured on the Analytics as a Service (AaaS) platform, helping users in recognising and mitigating threats speedily.

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In addition, the internet security solutions in connected network infrastructure have strengthened as the e-commerce platforms and cloud technology, artificial intelligence and blockchain have emerged. Not only has this, the e-commerce businesses are focusing on the integrating network security solutions into their IT and electronic security systems.

The requirement for network security solutions is exploring as these technologies are progressively implemented to combat cyber-attacks. The requirement for the innovative solutions is exploring dramatically as the number of internet security threats augments, the aspect may impede the global cyber security market growth.

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Cyber Security Market Will Grow with The Expanding Number of E-Commerce Platforms

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Middle East Cyber Security Market Analysis and Business Opportunities 2021- Industry Size, Share, Scope, Demand, CAGR Status, Key Manufacturers and Forecast by 2027: Ken Research

Cyber security, also denoted to as IT security, emphasizes on preventing computers, networks, programs, and data from unlicensed or spontaneous admittance. It entails network security, endpoint security, application security, identify management, cloud security, data security and infrastructure security. As the cyber threats have augmented at an alarming rate, security solutions have been obtaining traction, around the globe. Solutions likewise antivirus software and firewalls have augmented in complexity and proven to be proficient at safeguarding attacks and threats, likewise trojans, malware and phishing. The accomplishment of these solutions has led to speedy development of the cyber security industry, as employing technical defenses has become a standard best exercise in every enterprise.

Middle East Cyber Security Market Outlook to 2022 - By Solutions (Firewall, Intrusion Detection System, Antivirus, Identity and Access Management, Encryption, Data Loss Prevention, Unidentified Threat Management, Disaster Recovery) and By Region

Banking and finance industry is the greatest end users of cyber security software and hardware in Middle East. This is mainly owing to the high confidentiality of data that is being utilized in the segment. Cyber Security is such an essential issue for the banks to consider owing to any breach could undermine the trust that consumers have in the bank, and affect the future sustainability and profitability of the organization. Government segment has begun to advance the E-governance amenities in the Middle East regions which results in great requirement for the cyber security services.

IT and telecom and Oil and Gas are other end users of the cyber security in Middle East. Most of oil and gas refineries in the region are state owned and are of national importance therefore it becomes lucrative for foreign state backed hackers to disrupt their functions.

Cyber Security Market around Middle East registered a positive five year CAGR throughout 2012-2017. The market size grew continuously from 2012 to 2017. The growth was majorly driven by threat ascending from growing number of cyber-attacks on critical infrastructure which were of national importance. Technological innovations and growing aim on infrastructure development has also resulted in increment in requirement for cyber security. The cyber-crimes are one of the biggest concerns for the entities today. The number presents that the companies have to face a lot of loss which are in both tangible as well as intangible form.

By region, the Central Middle East region is the greatest market for cyber security products which registered for majority of the market share during 2017, swiftly followed by Western and Southern part. Great number of cyber-attacks over the years and speedy digitalization are the major cause behind the growth around the region.

The developers of cyber security products in Middle East sell their proposing to end users through distributors and system integrators. At Ken Research, the report focuses on discussing the competitiveness of both foremost developers as well as system integrators exist in the market. The market is registered by major global players although entrance of some other players has resulted in modification of market dynamics. The report also illuminates the parameters to discriminate one competitor from others and measures through which each company can be evaluated from the perspective of end users.

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Moreover, the market for cyber security in the region is predicted to augment by double digit CAGR. This market will be primarily propelled by sale of firewall and intrusion detection devices which will obtain most of the market share respectively. The market will commonly grow owing to requirements of network security which most of the enterprises fell as the basic inevitability in today’s ever growing cyber threat landscape. Central and Western region will propel majority of requirement in the near future majorly due to diversification of economy in countries as well as digitalization of prevailing infrastructure. Cloud security is one technology which will have a wide impression on the market.

For More Information, refer to below link:-

Global Cyber Security Market Research Report

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Profitable Landscape Of The Asia Pacific Cyber Security Market Outlook: Ken Research

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In the Asia Pacific region, the Cyber Security Market is at a growth stage and has a wide capacity to increase in the region. The market has presented an auspicious growth in the terms of revenue. The growth is not only owing to the growing cyber crimes in the regions, but additionally owing to the advancement in the region and growing digital existence around the dissimilar segments namely IT, Banking, Small and Medium Enterprises and Education and many more. The increasing internet penetration in the region was witnessed underwriting to the cyber security market with the increasing cyber crimes on the internet.

Not only has this, by the imported and domestic security and solution, the imported services and solutions registered the cyber security market in the Vietnam during the recent past years due to the restricted solutions suggested by the domestic corporates demonstrate in the Vietnam. It was observed that, the Vietnamese business corporates and the home user desire purchasing from the international corporates and the domestic corporates are the widely preferred in the case of cyber security services.

Whereas, based on the type of solution, the market of cyber security in the Asia Pacific region is sectored into Firewall and UTM, antivirus, detection system, Identity and Access management, Encryption, disaster recovery, data loss prevention and IoT devices. In addition, it is anticipated that the firewall and unified threat management (UTM) attributed the majority of the market share in the terms of revenue during the recent past years. The UTM is the most primarily security solutions and involves the Antivirus, Firewall, Email Security, Intrusion Detection system, web content security and several others. The outstanding market share was attributed by the Antivirus, Intrusion detection system, Identity and access management and several other solutions during the recent past years.

Although, in the Asia Pacific region, the Vietnam cyber security market was extremely registered by the banking and financial services end user sector in the recent past years owing the wide requirement of the security services and solutions for this industry as they deal with the widely trustworthy user data and the monetary transactions. For instance, the remaining market share was attributed by the government, retail, IT, healthcare, private users, energy and power and several other end users during the recent past years.

Nonetheless, in the Asia Pacific region, the Vietnam cyber security market was effectively witnessed to be temperately scrappy in the Mother Nature with the efficient existence of both the international as well as domestic players in the services and solutions sector. Few of the foremost corporates such as Juniper Network, Cisco, Check Point software Technologies, Symantec Corporation were witnessed to lead in terms of market share, followed by Hewlett Packard Enterprise Development LP, Kaspersky, Fortinet, CMC Corporation and many others. The cyber security solution merchants in the Vietnam contend on the basis of price of the security solutions, technological advancements, product contributions, supply chain management, after-sales services and number of clientele.

Therefore, in the coming years, it is anticipated that the market of cyber security in the Asia Pacific region will increase more significantly over the near future with the huge investment by the coming and existing players.

For more information on the research report, refer to below link:

Asia Cyber Security Industry Research Report

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Ken Research

Ankur Gupta, Head Marketing & Communications

Ankur@kenresearch.com

+91-9015378249