Defense segment to dominate the United States Cyber Security Market
Increase stringency of security standards and high spending
on security solutions is expected to drive the demand for United States cyber
security market for the forecast period.
According to TechSci Research report, “United
States Cyber Security Market By
Security Type (Network Security, Endpoint Security, Application Security, Cloud
Security, Content Security, Others) By Solutions Type (Identity & Access Management,
Risk & Compliance Management, Encryption & Decryption, Data Loss
Prevention, Unified Threat Management, Firewall, Antivirus & Malware,
Intrusion Detection/Prevention System, Infrastructure Security, Others) By
Deployment Mode (On-Premise v/s Cloud) By End Use Industry (BFSI, IT &
Telecom, Defense, Energy & Power, Retail, Healthcare and Others) By
Company, By Region, Forecast & Opportunities, 2026”, The United
States cyber security market is expected to witness significant growth for the
next five years. Cybersecurity solutions help enterprises to detect, monitor
and prevent the cyber threats for maintaining the data confidentiality. The
need to protect the critical infrastructure across government, utilities and
other prominent sectors is leading in adoption of cyber security service
providers. Security service providers troubleshoot software issues and provide
services through security operation centers. Large enterprises are increasing
the spending on security services and solutions to ensure protection against
cyber-attacks. Increase in number of attacks such as phishing, malware threats,
IoT threats, crypto jacking is leading to huge organizational losses which is
creating the need to adopt cyber security solutions.
The COVID-19 outbreak across the world which has been
declared as pandemic by World Health Organization has affected countries
adversely. Leading authorities in United States imposed lockdown restrictions
and released a set of precautionary measures to contain the spread of novel
coronavirus. Coronavirus affected patients started suffering from shortness of
breath along with coughing and sneezing. United States authorities increased
the capacity of hospitals as a greater number of patients were getting affected
daily and getting admitted into the hospital facilities. Corporate asked
employees to work from home as a precautionary measure which has increased the
adoption of video conferencing and communication platforms at a large scale
which has surged the demand for security measure to prevent data leak or loss
thereby bolstering the growth of cybersecurity market.
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in-depth TOC on "United States Cyber
Security Market”.
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United
States cyber security market is segmented into security type, solutions type,
deployment mode, end use industry, regional distribution, and company. Based on
end use industry, market can be further divided into BFSI, IT & telecom, defense,
energy & power, retail, healthcare, and others. The Defense end use
industry segment is expected to account for major market share for the forecast
period, 2022-2026. Airplane navigation systems are highly prone to
cyber-attacks need strong security measures. Surge in adoption of
machine-to-machine technology in aerospace domain and efforts by leading
authorities to ensure security is expected to boost the cyber security market.
Rise in research and development activities to prevent cyber attacks and
develop network security solutions and software is expected to fuel the cyber
security market growth. Based on solutions type, cyber security market can be
fragmented into identity & access management, risk & compliance
management, encryption & decryption, data loss prevention, unified threat
management, firewall, antivirus & malware, intrusion detection/prevention
system, infrastructure security and others. The Identity and Access Management
solution segment is expected to dominate the market for the next five years.
Growing importance of trackers and employee activity solutions is crucial for
viewing applications and programs contributing to adoption of identity and
access management solutions. Rise in need to automate several user-related
security incidences and surge in number of cyber attacks is increasing the adoption
of password and privilege management in organizations.
IBM
Corporation, Cisco Systems Inc., Dell Technologies Inc., Check Point Software
Technologies, CyberArk Software Ltd., FireEye Inc., Fortinet Inc., Imperva
Inc., Intel Security (Intel Corporation), Trend Micro Inc. are the leading
players operating in United States cyber security market. Manufacturers are
increasingly focusing on research and development process to fuel higher growth
in the market. To meet evolving customer demand with respect to better
efficiency and durability, several cyber security manufacturers are coming up
with their technologically advanced offerings.
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“Increase
in adoption of emerging trends and technologies such as internet of things,
machine learning, artificial intelligence and bring your own device is rising
which is creating lucrative opportunities for the cybersecurity market growth.
High demand for wearable devices, connected cars, smart consumer electronics
and increase in number of smart cities is expected to raise security concerns
which is ultimately leading to fuel the cyber security market growth until 2026” said Mr.
Karan Chechi, Research Director with TechSci Research, a research based global
management consulting firm.
“United States Cyber
Security Market By Security Type (Network Security, Endpoint Security,
Application Security, Cloud Security, Content Security, Others) By Solutions
Type (Identity & Access Management, Risk & Compliance Management,
Encryption & Decryption, Data Loss Prevention, Unified Threat Management,
Firewall, Antivirus & Malware, Intrusion Detection/Prevention System,
Infrastructure Security, Others) By Deployment Mode (On-Premise v/s Cloud) By
End Use Industry (BFSI, IT & Telecom, Defense, Energy & Power, Retail,
Healthcare and Others) By Company, By Region, Forecast & Opportunities,
2026” has evaluated the future growth potential of United
States cyber security market and provided statistics & information on
market size, shares, structure and future market growth. The report intends to
provide cutting-edge market intelligence and help decision makers take sound
investment decisions. Besides, the report also identifies and analyzes the
emerging trends along with essential drivers, challenges, and opportunities in the
of United States cyber security market.
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