The Cybersecurity Market Report covers the business of cybersecurity, including market sizing and industry forecasts, spending, notable M& A and IPO activity, and more. Cybersecurity Ventures. ![]() The 3638323 to 1605548 a 1450464 of 14434154 in 1270284 on 508384 that 503295 is 492114 said 487849 with 423779 at 408185. Since the split with its sister consumer business, Hewlett Packard Enterprise has made a lot of moves to refine its strategy with a goal of helping customers adopt. FROM THE EDITORS AT CYBERSECURITY VENTURESQ3 2. The Cybersecurity Market Report is published quarterly by Cybersecurity Ventures. We cover the business of cybersecurity, including market sizing and industry forecasts from consolidated research by IT analyst firms, emerging trends, employment, the federal sector, hot companies on the Cybersecurity 5. M& A, investment and IPO activity, and more. MARKET SIZING & PROJECTIONSThe worldwide cybersecurity market is defined by market sizing estimates that range from $7. Market research firm Gartner says global spending on IT security is set to increase 8. The cyber security market is estimated to grow to $1. Carrick Capital Partners is the private equity company of choice if you want to invest more than capital. USD) by 2. 02. 0, at a Compound Annual Growth Rate (CAGR) of 9. Markets and Markets. The aerospace, defense, and intelligence vertical continues to be the largest contributor to cybersecurity solutions. North America and Europe are the leading cybersecurity revenue contributors, according to a report from Tech. Sci Research. Asia- Pacific is rapidly emerging as a potential market for cyber security solution providers, driven by emerging economies such as China, India and South- East Asian countries, wherein, rising cyber espionage by foreign countries is inducing the need for safeguarding cyber space. The “Pw. C Global State of Information Security Survey 2. U. S. information security budgets have grown at almost double the rate of IT budgets over the last two years. According to 4. 51 Research’s new “Voice of the Enterprise: Information Security” quarterly study, based on responses from over 1,0. IT professionals, primarily in North America and EMEA, spending on security remains strong with 3. Only 4 percent of enterprises are decreasing security spending. Million dollar plus cybersecurity deals (vendors selling to end- users) are on the rise. In a recent research note, analysts at FBR & Co., an Arlington, Va. M& A advisory firm, indicate that the number of seven- figure (cybersecurity) deals have increased by 4. Given the ongoing, evolutionary nature of cyber- attacks, coupled with the relatively low share of total IT spend security accounts for, we believe industry growth rates will remain stronger than industry forecasts” states Columbia Threadneedle Investments. We expect 1. 0- 1. Gartner. This creates immense opportunities for innovative cybersecurity companies as well as potentially outsized investment returns for those capitalizing on the theme. Cybersecurity is predicted to be the fastest growing homeland security market as North America, Asia and Europe invest in cyber defenses, according to ASDReports in its “The Homeland Security Market Forecast 2. ASDReports says the global homeland security market size was $2. India has the world’s second largest population, and a very small cybersecurity economy. But they are a nation to watch for cybersecurity market growth. According to a Pw. C report cited in The Economic Times, India’s cyber security market size will jump to $1 billion USD in 2. USD last year). That is a whopping 1. Cybersecurity market by international (non- U. S.) regions /p>. Micro. Market. Monitor publishes reports including cybersecurity revenue and growth forecasts by international region. They forecast the following numbers: The Europe Cyber Security Market is expected to grow to $3. CAGR of 7. 2 percent for the period 2. This market contributes 2. The Middle East and Africa Cyber Security Market is expected to grow to $1. CAGR of 1. 3. 7 percent for the period 2. This market contributes 7. The Asia Pacific Cyber Security Market is expected to grow to $3. CAGR of 1. 4. 1 percent for the period 2. This market contributes 1. The Latin America Cyber Security Market is expected to grow to $1. CAGR of 1. 7. 6 percent for the period 2. This market contributes 5. Cybersecurity hot and emerging markets, data points by sector./p>. According to IDC, the hot areas for growth are security analytics / SIEM (1. According to a report from Markets and Markets, the cloud security market is expected to be worth $8. The network security sandbox market, which barely existed a few years ago, is set to grow immensely as advanced persistent threats (APTs) necessitate a behavioral approach to detecting malware. New analysis from Frost & Sullivan, “Network Security Sandbox Market Analysis”, finds that the market earned revenues of $5. IDC predicts that by the end of 2. The encryption software market is forecasted to be worth $4. Billion by 2. 01. Markets and Markets. ABI Research calculates that total revenues for the global digital forensics market will reach $2. USD) by the end of 2. High growth in the adoption of cloud computing, virtualization and increasing attacks on data centers, are some of the key factors that are fueling the growth of the data center security market – projected to be worth $8. Markets and Markets. Technology market research firm Infonetics Research (now part of IHS Inc.), recently reported that global network security appliance and software revenue climbed 6 percent in 2. The report tracks integrated security appliances, secure routers, SSL VPN gateways, VPN and firewall software, and intrusion detection and prevention products. CYBERCRIMECyber attacks costing businesses $4. The British insurance company Lloyd’s estimates that cyber attacks cost businesses as much as $4. Some vendor and media forecasts put the cybercrime figure as high as $5. According to the “World Economic Forum (WEF) Global Risks 2. Report”, most cybercrime incidents go unreported, and few companies come forward with information on their losses. That is not surprising given the risk to an organization’s reputation and the prospect of legal action against those that own up to cybercrime. The World Economic Forum (WEF) says a significant portion of cybercrime goes undetected, particularly industrial espionage where access to confidential documents and data is difficult to spot. Tech. Sci Research says the banking and financial services sector has been the prime target of cyber criminals over the last five years, followed by IT & telecom, defense, and the oil and gas sector. Cybercriminals stole up to $1 billion from approximately 1. U. S., Germany, Russia, Ukraine, and China over a two- year period, according to researchers from security firm Kaspersky Lab. The Federal Communications Commission (FCC) has entered a $2. AT& T Services, Inc. AT& T’s call centers in Mexico, Colombia, and the Philippines. The data breaches involved the unauthorized disclosure of almost 2. U. S. customers’ names, full or partial social security numbers, and unauthorized access to protected account- related data, known as customer proprietary network information (CPNI). This is the FCC’s largest privacy and data security enforcement action to date. Ransomware has cost $1. Ransomware scams involve a type of malware that infects computers and restricts users’ access to their files or threatens the permanent destruction of their information unless a ransom— anywhere from hundreds to thousands of dollars—is paid. An advisory from the FBI’s Internet Crime Complaint Center said more than $1 million a month, on average, was paid to recover computers from ransomware incidents. Alcatel- Lucent’s Motive Security Labs estimates that last year 1. The IRS, which is increasingly being called into identity theft cases involving tax fraud, has set up a new cybercrime investigation team of about a dozen agents. According to a recent Wall Street Journal article, the Washington- based unit will tackle a nearly fourfold jump in identity theft cases since 2. DF Labs, a data breach and incident response firm, reports that Harvard University has just recently faced its second data breach within four months. Whether planning to blackmail wealthy families, future leaders, or gain access to various research information (as many Ivy Leagues schools are host to research projects for military and other various organizations), Universities are growing in popularity among cyber criminals and it’s not just the Ivy Leagues. According to “Verizon’s 2. Data Breach Investigations Report”, which analyzes security incidents that happened last year, the top five affected industries by number of confirmed data breaches were: public administration, financial services, manufacturing, accommodations and retail.
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