A Global Strategic Business Report

The global cyber security market is forecast to reach $80.02 billion by the year 2017. The evolving stature of cyber crimes, and the cost of security breaches, leaks and incidents on an organization's earnings and reputation is compelling sustained investment in cyber security market. The magnitude and latitude of cyber crime has skyrocketed in recent years and with advances in research, the immersion factor has increased on a ridiculous scale. Today, cyber-crime costs more than $1.0 trillion to society, with billions of dollars being stolen from small, medium and large-sized enterprises, identity of millions of individuals compromised, and several governments across the world already been targets of cyber-warfare.

According to Global Industry Analysts, United States and Europe accounted for a major share of the global Cyber Security market. Today, the worldwide cyber security market has fast evolved into a high revenue generating industry due to the large-scale development and deployment of advanced cyber security solutions. The launch of new cyber security products and services demonstrates the overall confidence in the market, and more funds were made available for cyber security, with the landslide of recent breaches itself lending to a much improved 2010. The increased sophistication of cyber security solutions is another driver of market growth. The innovation and software, which can rapidly identify anomalies and help with the prevention and detection of cyber crime, has encouraged enterprises that would if not not invest in cyber security to purchase systems, especially in the financial industry.

By segment, Network Security is the largest contributor to global market earnings for cyber security. Endpoint security software just as desktop anti-virus has been in the marketplace for longer than any other cyber security solution. But, in the race to win the corporate customers, the market participants are shifting away from antivirus-style products to software suites combining network access control, configuration control, anti-malware, patch management, and systems management capabilities. The ability of endpoint security vendors to offer a comprehensive endpoint security suite to protect an organization from insider threats through features just as Web filtering, DLP, asset management, tracking and recovery and insider monitoring will be key to future growth. Global market earnings for Endpoint Security are expected to surpass $5.0 billion by 2017.

Major players in the global marketplace include Aladdin Knowledge Systems Ltd, AVG Technologies, BitDefender® LLC, CA Technologies Inc, Check Point Software Technologies Ltd, Cisco Systems Inc, IronPort, F-Secure Corporation, IBM Corporation, BigFix Inc, IBM Internet Security Systems, Juniper Networks Inc, Kaspersky Lab, McAfee Inc, Microsoft Corporation, Panda Security, Sophos PLC, Utimaco Safeware AG, Symantec Corporation, MessageLabs Ltd, Trend Micro Incorporated, WebSense Inc, among others.

The technology report titled Cyber Security

The technology report titled Cyber Security: A Global Strategic Business Report provides a comprehensive review of market trends, issues, drivers, company profiles, mergers, acquisitions and other strategic industry activities. The report provides market estimates and projections for major geographic markets including the United States, Canada, Japan, Europe, Asia-Pacific, Latin America and Rest of World. Product segments analyzed include: Application Security, Content Security, Data Security, Endpoint Security, Network Security, Identity & Access Management, Risk & Compliance Management, Consulting Services, and Security Operations. © Global Industry Analysts

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