New Report Global Cybersecurity Market Analysis 2013-2023

The Global Cybersecurity Market 2013-2023 offers the reader detailed analysis of the global cyber security market over the next ten years, alongside potential market opportunities to enter the industry, using detailed market size forecasts.

The global cyber security market is dominated by North America, with the US being the largest defense spender in the world; overall, North America is set to spend US$93.6 billion on cyber security during the forecast period. Despite the scheduled budget cuts, Europe represents the second-largest market, with the total cyber security market valued at around US$24.7 billion, offering a potentially attractive investment opportunity for suppliers. Asia-Pacific is projected to spend an estimated US$23.2 billion on cyber security during the forecast period, followed by the Middle East and Latin America with US$22.8 billion and US$1.6 billion respectively.

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“The Global Cyber Security Market 2013-2023″ provides detailed analysis of the current industry size and growth expectations from 2013 to 2023, including highlights of key growth stimulators. It also benchmarks the industry against key global markets and provides detailed understanding of emerging opportunities in specific areas.

Key Features and Benefits

- The report provides detailed analysis of the market for cyber security during 2013-2023, including the factors that influence the reasons countries are investing or cutting defense expenditure. It provides detailed expectations of growth rates and projected total expenditure.

- Historically, most of the expenditure in this sector is generated by the private sector, yet government spending has witnessed a robust increase in the recent past; the US’s private and public sector spending is almost the same, pegged at US$94 billion over the next 10 years. The UK has also made cyber security a tier one priority by allocating an additional US$800 million for various cyber security initiatives in its 2010 strategic defense and security review (SDSR); the government is expected to spend close to US$6 billion on cyber security over the next 10 years. Similarly countries in the Middle East, Asia Pacific and Latin America are also expected to ramp up spending on cyber security during the forecast period.

Key Market Issues

- It is very important for cyber security providers to identify the source of malware so that similar patterns can be tracked and observed for flaws, and a proper response to the attack can be delivered without causing undue inconvenience to the entire cyberspace community. This challenge stems from the fact that the cyber security institutional eco-system which consists of a broad set of international, national, and private organizations has unclear and overlapping boundaries.

- Cyber weapons are in their infancy and are expected to rapidly evolve over the next decade. Therefore, nations are currently dedicating increasing resources at the executive policy level as well as at the private sector level, in order to deal with complex cyber threats. These resources have been well utilized as is evident from the innovations in cyber defense technologies, but as these mechanisms become commercially available and their mode of operation is scrutinized, attackers will develop more advanced cyber weapon technologies to deal with advanced defenses.

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Key Highlights

- At the cyber-security world summit held in 2010, security experts raised credible issues such as crashing power grids, stalled air control towers, hospital infrastructure being rendered useless, and national defenses being susceptible to outside attack. New technologies such as cloud computing, social networking, and the proliferation of mobile devices have also resulted in an increase of cyber attacks. The governments of the UK, the US, France, Belgium, Germany, and India have stated that their systems and networks were infiltrated by criminal networks. Such incidents are expected to augment a sustainable demand for cyber security over the forecast period

- The militaries of most countries have always enjoyed a certain degree of autonomy, but they are not immune from the economic uncertainties that face governments. With budget cuts being implemented, many countries are looking to channel their resources towards certain areas of military spending. For example the US is looking to phase out tanks and other major weapons programs and divert its spending towards IT and cyber security programs.

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Table of Content

3 Global Cyber security Market Size and Drivers
3.1 Cybersecurity Market Size and Forecast 2013-2023
3.1.1 Global cybersecurity market expected to witness a robust growth over the forecast period
3.2 Global Cybersecurity Market - Regional Analysis
3.2.1 North America is expected to lead the global cybersecurity market
3.2.2 Demand for cybersecurity systems in the US to support market growth
3.2.3 European cybersecurity market expected to account for the second highest spending over the forecast period
3.2.4 Cybersecurity market expected to grow at a CAGR of 9% in the Asia-Pacific region
3.2.5 Markets in the Middle East to register a robust growth
3.2.6 Brazil expected to be the highest spender on cybersecurity in the Latin American region
3.2.7 Markets in Africa expected to increase over the forecast period
3.3 Cybersecurity Sub-Sector Market Size Composition
3.3.1 Network security to account for the largest share of the market during the forecast period
3.3.2 Market for network security to register a CAGR of 4.3%
3.3.3 Data security market to experience robust growth over the forecast period
3.3.4 Identity and access segment to account for 23% of market
3.3.5 Cloud security market to grow at a CAGR of 8.4%
3.4 Demand Drivers and Growth Stimulators
3.4.1 Increased dependence on information technology resulting in more cyber attacks
3.4.2 Dynamic nature of cyber threats warrants increased spending on innovative technologies
3.5 Defense Budget Spending Review
3.5.1 European capital expenditure expected to increase during the forecast period
3.5.2 Asian defense budgets expected to increase at a robust pace
3.5.3 North American defense expenditure projected to decline marginally during the forecast period
3.5.4 Modernization programs likely to drive defense expenditure in South American countries
3.5.5 Military budgets of African countries expected to increase during the forecast period
3.5.6 Defense budgets of Middle Eastern countries likely to increase during the forecast period
3.6 Defense Modernization Review
3.6.1 Debt crisis in Europe leading to postponement of modernization plans
3.6.2 Arms race in Asia reflected in modernization plans
3.6.3 North American modernization plans marginally affected by economic recession
3.6.4 Modernization programs in South America driven by replacement of obsolete armaments
3.6.5 African countries mainly spending on infantry weapons, and surveillance and monitoring equipment, to slow growing crime rate
3.6.6 Middle Eastern countries pursuing modernization of air force and air defense systems

5 SWOT Analysis of the Cybersecurity Market
5.2 Strengths
5.2.1 Robust demand due to increased threat
5.2.2 Technological advancements ensure continued operational demand
5.2.3 Reforms in defense spending to favor cyber security systems
5.3 Weaknesses
5.3.1 Probability of cyber threats being exaggerated
5.3.2 Lack of skilled personnel
5.3.3 Lack of cyber security enforcement in the Latin American and African regions
5.4 Opportunities
5.4.1 A dynamic industry provides many avenues for growth, especially for established companies
5.4.2 Need for databases to effectively combat cyber crime
5.5 Threats
5.5.1 Limited budget and weak infrastructure in less developed countries
5.5.2 Lack of transparency in information sharing

6 Country Analysis - Cybersecurity
6.1 United States Market Size and Forecast 2013-2023
6.1.1 Network security segment expected to account for the largest segment during the forecast period
6.1.2 Data security segment expected to accounts for 26.2% of the market during the forecast period
6.1.3 Cloud security segment expected to grow at a CAGR of 9.2% over the forecast period
6.2 France Market Size and Forecast 2013-2023
6.2.1 Network security segment expected to account for the largest share of the French cybersecurity market
6.2.2 The market for data security in France is expected to grow at a CAGR of 9.7%
6.3 UK Market Size and Forecast 2013-2023
6.3.1 Network security segment expected to account for the largest segment in the UK
6.3.2 Spending on the data security expected to grow at a CAGR of 11.6% over the forecast period
6.3.3 Identity and access segment accounts for 23.5% of the market during the forecast period
6.4 Russia Market Size and Forecast 2013-2023
6.4.1 Network security segment account for the largest area of expenditure by Russia
6.4.2 Data security market to account for 29% of the Russian cybersecurity market
6.1 Saudi Arabia Market Size and Forecast 2013-2023
6.1.1 Network Security expected to grow at a CAGR of 1.94% over the forecast period
6.1.2 Data Security to account for the second largest market segment in Saudi Arabia over the forecast period
6.2 UAE Market Size and Forecast 2013-2023
6.2.1 Network Security market to grow at a CAGR of 2.32% during the forecast period
6.2.2 Data Security market to account for the second largest segment of investment during the forecast period
6.1 Israel Market Size and Forecast 2013-2023
6.1.1 Network Security to account for the largest area of expenditure during the forecast period
6.1.2 Data Security market in Israel to grow at a CAGR of 4.83% over the forecast period
6.1 Japan Market Size and Forecast 2013-2023
6.1.1 Network Security expected to account for the largest share of the Japanese cyber security market
6.1.2 The market for data security in Japan expected to grow at a CAGR of 10.30%
6.2 China Market Size and Forecast 2013-2023
6.2.1 Network Security expected to constitute the largest market share in China
6.2.2 Data Security to account for the second largest area of expenditure by China
6.2.3 Expenditure on identity and access expected to grow at a CAGR of 9.78 % over the forecast period
6.3 Indian Market Size and Forecast 2013-2023
6.3.1 Network Security expected to grow at a CAGR of 9.16% over the forecast period
6.3.2 Data Security is expected to account for the second largest share of expenditure by India during the forecast period
6.3.3 Identity and Access to account for the third largest segment of expenditure on Indian cyber security
6.4 Brazil Market Size and Forecast 2013-2023
6.4.1 Network security segment expected to lead the cybersecurity expenditure during the forecast period
6.4.2 Data security segment to grow at a CAGR of 8.74% during the forecast period
6.1 South Africa Market Size and Forecast 2013-2023
6.1.1 Network Security expected to account for the largest segment of expenditure
6.1.2 Data Security expected to account for the second largest category of expenditure in South Africa
6.2 Nigeria Market Size and Forecast 2013-2023
6.2.1 Network Security expected to account for the largest segment of expenditure

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