WSi News2015-12-04 03:36:14

Cyber Security Market Share of 15% in 'Cloud' by 2025

The Global Cyber Security Market 2015-2025 report says Network security, Data security and Identity and Access security are expected to account for the top three largest shares of the industry over the forecast period with Cloud security growing steadily.

The industry is expected to be worth US$11.4 billion in 2015 and forecast to reach US$17.3 billion by 2025, representing a CAGR of 4.23% during the forecast period. The market is expected to be dominated by North America, occupying 56% of the market share, followed by Asia-Pacific, and Europe. Middle East, Latin America and Africa are expected to account for the remaining 10% of the overall market. The network security market is estimated to account for 44% of the global cyber security market. Data security and Identity and Access security are also expected to account for a significant portion of the total cyber security market during the forecast period, with shares of 25% and 16% respectively. Cloud security will account for the remaining 15% of global cyber security expenditure.

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