LONDON--(BUSINESS WIRE)--According to the market research report released by Technavio, the global cyber security market is expected to accelerate at a CAGR of almost 13% during the forecast period. The implementation of firewall as a disruptive deception capability is one of the key factors triggering the growth of the market.
This research report titled ‘Global Cyber Security Market 2017-2021‘ provides an in-depth analysis of the market in terms of revenue and emerging market trends. It also includes an up-to-date analysis and forecasts for various market segments and all geographical regions.
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The market research analysis categorizes the global cyber security market into the following deployments:
- On-premises
- Cloud-based
In 2016, the on-premises cyber security solutions segment accounted for 74% of the global market and is projected to decline to 68% by 2021, exhibiting almost 6% decrease in market share.
Global cyber security market: Top emerging trend
The adoption of hybrid model is an emerging trend in the cyber security market space. Cloud-based security solutions can result in confidential data loss, such as financial information of a customer. The on-premises security solutions require high investment by the organization. This is driving many industries, including small businesses, to adopt hybrid deployment models. Hybrid cyber security is less expensive in comparison to the traditional full license security solutions as they follow the pay-per-use model.
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Technavio’s report provides expert market research on the following topics:
Executive Report
- Market Outline
- Global Cyber Security Market Overview
Market Insights
- Market Sizing and Forecasts
- Market Growth
- Market Drivers and Challenges
- Key Emerging Trends
Market Segmentation Analysis
- Regional comparison (APAC, Europe, Latin America, MEA, and North America)
- Key leading countries
- Market segmentation by deployment (on-premises and cloud-based)
- Market segmentation by end-users (government, BFSI, manufacturing, ICT, retail, and healthcare)
Vendor Landscape
- Vendor classification
- Market positioning of vendors
- Competitive scenario
- Analysis of top vendors (Booz Allen Hamilton, Lockheed Martin, McAfee, Symantec, and Trend Micro)
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