United Kingdom cyber
security market is anticipated to witness a growth of steady CAGR in the
forecast period, 2023-2027. Rapid digital transformation of all prominent
industry verticals and flourishing e-commerce industry are accelerating
cybercrime and fraudulent activities. The rise in spending on cyber security
from private and public institutions and the increase in the number of
cyber-attacks and malware activities are the key factors driving the growth of
the United Kingdom cybersecurity market in the forecast period. With the need
to protect confidential data from unauthorized access, organizations are
actively adopting cybersecurity solutions.
Increased Complexity of
Cyber-attacks Drives the Market Demand
Due to the adoption of online
platforms by various end-user industries, a large amount of data is generated
every day, which needs to protect from unauthorized access. The rapid
development of digitized services and the growing proliferation of online
shopping among consumers are accelerating the rate of cybercrime activities,
leading to increased spending on security by the public and private sectors.
Hackers use innovative ideas to lure users, thereby increasing the complexity
and intensity of cyber-attacks. Increased sophistication and complexity of
cybercrime activities drive the demand for advanced security solutions among
enterprises. Companies have started to consider cyber-crime as a major problem
that could result in massive financial loss. The rise in the market players
offering innovative solutions to organizations and the growing threat of
cyber-attacks are expected to fuel the growth of the United Kingdom
cybersecurity market in the forecast period.
Supportive Government
Policies Boosts the Market Demand
Integrating advanced
technologies such as machine learning, artificial intelligence, big data
analytics, and internet of things technology in cybersecurity solutions is
expected to gain huge attention in the next five years. Also, the rapid
adoption of cloud-based and analytics technology is putting businesses at risk.
With the rise in investments and efforts to develop the telecommunication
infrastructure and deployment of 5G technology, the frequency of cyber-attacks
is expected to grow in the forecast period. To combat such situations
government is promoting the adoption of cybersecurity solutions. Increased
focus on developing advanced cybersecurity solutions and favorable government
policies is expected to propel the United Kingdom cyber security market in the
next five years.
Increased Adoption of IoT
Devices Supports the Market Growth
Organizations are
actively installing IoT devices to enhance the operational efficiency and
performance of employees, which is expected to fuel the IoT traffic in the
coming five years. The widespread adoption of IoT devices by organizations has
increased the risk of cyber-attacks on organizations to steal confidential
information. Organizations plan to adopt advanced cybersecurity solutions to
secure personal and critical information to prevent substantial financial
losses. Each IoT device can process a large volume of data daily, and the users
in organizations have access to multiple devices. Organizations are rapidly
adopting cybersecurity solutions to inspect traffic within and outside the
network and detect unauthorized access efficiently to secure such vast volumes
of data generated. Increased need to secure information by organizations is
expected to bolster the demand for United Kingdom cybersecurity market through
the next five years.
Download Free Sample Report
Market Segmentation
The United Kingdom cyber
security market is segmented into security type, solution
type, deployment mode, end-user industry, regional distribution, and
company. Based on
security type, the market is divided into network security, endpoint security,
cloud security, application security, content security and others. Based on solution
type, the market is divided into firewall, antivirus & antimalware, risk
& compliance management, identity & access management, data loss prevention,
intrusion detection/prevention system, encryption & decryption, secure web
gateways, email filtering, and others. Based on deployment mode, the market is bifurcated
into on-premise and cloud. Based on the end-user industry, the market is
divided into BFSI, IT & telecom, defense, energy & power, retail,
healthcare & others. The United Kingdom Cyber Security market is
studied in major regions namely London, Southeast, East Anglia, Scotland,
Southwest, East Midlands, Yorkshire & Humberside, and Rest of United
Kingdom.
Market Players
Broadcom Limited UK, Palo
Alto Networks, Mcafee, LLC, Cisco Systems, Inc., Dell Technologies Inc.,
Fortinet Inc., BAE Systems Inc., Check Point Software Technologies Ltd., Trend
Micro Incorporated (UK), International Business Machine Corporation UK, are the
major market players operating in the United Kingdom cyber security market.
|
Attribute
|
Details
|
|
Base Year
|
2021
|
|
Historic Data
|
2017 – 2020
|
|
Estimated Year
|
2022
|
|
Forecast Period
|
2023 – 2027
|
|
Quantitative Units
|
Revenue in USD Million, and CAGR for 2017-2021 and 2022-2027
|
|
Report coverage
|
Revenue forecast, company share, competitive landscape, growth
factors, and trends
|
|
Segments covered
|
·
Security
Type
·
Solution
Type
·
Deployment Mode
·
End-User
Industry
|
|
Regional scope
|
London, Southeast, East Anglia, Scotland, Southwest, East
Midlands, Yorkshire & Humberside, Rest of United Kingdom
|
|
Key companies profiled
|
Broadcom Limited UK, Palo Alto Networks, Mcafee,
LLC, Cisco Systems, Inc., Dell Technologies Inc., Fortinet Inc., BAE Systems
Inc., Check Point Software Technologies Ltd., Trend Micro Incorporated (UK), International
Business Machine Corporation UK
|
|
Customization scope
|
10% free report customization with purchase. Addition or
alteration to regional & segment scope.
|
|
Pricing and purchase options
|
Avail customized purchase options to meet your exact research
needs. Explore purchase options
|
|
Delivery Format
|
PDF and Excel through Email (We can also provide the editable
version of the report in PPT/Word format on special request)
|
Report Scope:
In this report, United Kingdom cyber
security market has been segmented into following categories, in addition to
the industry trends which have also been detailed below:
·
United Kingdom Cyber Security
Market, By Security Type:
- Network Security
- Endpoint Security
- Cloud Security
- Application Security
- Content Security
- Others
- United Kingdom Cyber Security Market, By Solution
Type:
- Firewall
- Antivirus & Antimalware
- Risk & Compliance Management
- Identity & Access Management
- Data Loss Prevention
- Intrusion Detection/Prevention System
- Encryption & Decryption
- Secure Web Gateways
- Email Filtering
- Others
- United Kingdom Cyber Security Market, By Deployment
Mode:
- United Kingdom Cyber Security Market, By End-User
Industry:
- BFSI
- IT &
Telecom
- Defense
- Energy
& Power
- Retail
- Healthcare
- Others
- United Kingdom Cyber
Security Market, By Region:
o London
o Southeast
o East Anglia
o Scotland
o Southwest
o East Midlands
o Yorkshire & Humberside
Competitive Landscape
Company
Profiles: Detailed
analysis of the major companies present in United Kingdom cyber security market.
Available Customizations:
With the given market data, TechSci
Research offers customizations according to a company’s specific needs. The
following customization options are available for the report:
Company Information
- Detailed analysis and profiling of additional market players (up to
five).
United Kingdom cyber
security market is an upcoming report to be released soon. If you wish an early
delivery of this report or want to confirm the date of release, please contact
us at [email protected]