Cyber security Market to Grow at 9.10% by 2026: Key Players, SWOT, Porter’s Analysis, Market Size & Forecast till 2026

Some of the major Cyber security players holding high market share include IBM, Check Point, Cisco, and CyberArk.

 

“The global cyber security market was estimated to be USD 140.35 billion in 2019 and is anticipated to grow at a CAGR of 9.10% from 2020 to 2026.”, based on The report published by Evolve Business Intelligence  in April 2021.

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The recent COVID scenario impacted the Cyber security market positively. Due to the increasing spread of Coronavirus, several companies are working with a limited workforce leading to delays in work/production. This has impacted the market in the years 2020 and 2021.

The Cyber security market is segmented based on several segments including offering, solution type, service, security type, deployment mode, organization size, and industry vertical. The study includes a comprehensive value chain analysis, defines porter’s five forces, as well as provides details on the key factors affecting the market growth (drivers, constraints/challenges, and opportunities).

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The report includes 10 key players in the Cyber security market ecosystem that have been strategically profiled, along with the market ranking/share for major players. The key players profiled in the report are:

  • IBM
  • Check Point
  • Cisco
  • CyberArk
  • F5 Networks
  • FireEye
  • Forcepoint
  • Fortinet
  • McAfee
  • Symantec

Furthermore, for the above-mentioned companies, the Cyber security market report demonstrates their business overview, financials revenues, and research and development. Additionally, the report also provides the competitive landscape for the market players, and the strategies adopted by them to grow in the Cyber security market (partnerships and collaboration, acquisitions, product launches and developments, contracts, and business expansion).

Report Parameters

  • Base Year: 2020
  • Estimated: 2021
  • Forecast: 2022 to 2026 (This period can be changed in the customization)
  • Compound Annual Growth Rate (CAGR) Period: 2021 to 2026

About EvolveBI
Evolve Business Intelligence is a market research, business intelligence, and advisory firm providing innovative solutions to challenging pain points of a business. Our market research reports include data useful to micro, small, medium, and large-scale enterprises. We provide solutions ranging from mere data collection to business advisory.

Evolve Business Intelligence is built on accountof technology advancement providing highly accurate data through our in-house AI-modelled data analysis and forecast tool – EvolveBI. This tool tracks real-time data including, quarter performance, annual performance, and recent developments from fortune’s global 2000 companies.

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