Cyber Security Market Size, Revenue, Trends, Competitive Landscape Study & Analysis, Forecast To 2027
The global Cyber Security market is extremely competitive and comprise various global and regional players who accounted for robust market share in 2020. Some of the key companies operating in the global Cyber Security market include: Bank of America, Wells Fargo, Citigroup, Barclays Plc, Morgan Stanley, JPMorgan Chase, HSBC Group, Starling Bank, Revolut, Monzo Bank Ltd., Hello Bank, Valyuz UAB, Bank of China, Industrial and Commercial Bank of China Limited, China Construction Bank Corporation and China Merchants Bank. These market players are various strategies such as mergers and acquisitions, collaborations, joint ventures, collaborations, partnerships and research and development investments to strengthen their market position and expand their product base.
he global Cyber Security market size was significantly
robust in 2020 and is expected to register a steady revenue CAGR over the
forecast period. Key factors providing impetus to market revenue growth are
rapid digitization of the banking & financial services industry, growing
adoption of cloud-based banking solutions by financial institutions, and rising
number of Cyber Security platforms worldwide.
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Rapidly growing commercial and industrial sectors, rising
concerns about data breaching in multinational companies, corporates,
hospitals, rising demand for ICT services in various sectors such as healthcare
and pharmaceuticals, IT, financial services and hospitals are some of the key
factors boosting growth of the global Cyber Security market revenue growth. In
addition, increasing R&D investments and rising focus on developing more
secure products are supporting market growth.
Geographically, North America is expected to account for
robust revenue share between 2021 and 2028 owing to factors such as rising
concerns about data leakage and security, presence of key players and
increasing adoption of advanced solutions.
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Cyber Security Market
segmentation
Component Outlook (Revenue, USD Billion; 2018-2028)
- Platforms
- Services
- Professional Services
- Managed Services
Banking Mode Outlook (Revenue, USD Billion; 2018-2028)
- Internet Banking
- Mobile Banking
Deployment Type Outlook (Revenue, USD Billion; 2018-2028)
- On-premises
- Cloud
Banking Type Outlook (Revenue, USD Billion; 2018-2028)
- Retail Banking
- Corporate Banking
- Investment Banking
- Others
Service Type Outlook (Revenue, USD Billion; 2018-2028)
- Payments
- Processing Services
- Customer & Channel Management
- Wealth Management
Regional Outlook:
- North
America (U.S., Canada, Mexico)
- Europe
(Italy, U.K., Germany, France, Rest of Europe)
- Asia
Pacific (India, China, Japan, South Korea, Australia, Rest of APAC)
- Latin
America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
- Middle
East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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Key objectives of the
report:
- Details
about revenue growth, market size, drivers, opportunities, constraints
- Historical
and forecast revenue of the key segments, products, applications and
detailed analysis of the regions in the market
- Production
capacity, revenue, pricing structure, market share, and CAGR.
- To offer
insights about current market position, forecast estimation, competitive
landscape and research and development activities
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