The Business Research Company’s latest report Cybersecurity Global Market Report 2020 covers Cybersecurity market drivers, Cybersecurity market trends, Cybersecurity market segments, Cybersecurity market growth rate, Cybersecurity market major players, and Cybersecurity market size. The report provides in-depth analysis of the impact of COVID-19 on the Cybersecurity industry, along with revised market numbers due to the effects of the coronavirus.
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Cybersecurity
Global Market Report 2020 is the most comprehensive report available on this
market and will help gain a truly global perspective as it covers 60
geographies. The chapter on the impact of COVID-19 gives valuable insights on
supply chain disruptions, logistical challenges, and other economic
implications of the virus on the market. The chapter also covers markets which
have been positively affected by the pandemic.
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The global cybersecurity market is expected
to grow from $149.46 billion in 2019 to $152.21 billion in 2020 at a compound
annual growth rate (CAGR) of 1.83%. The slow growth is mainly due to the
COVID-19 outbreak that has led to restrictive containment measures involving
social distancing, remote working, and the closure of industries and other
commercial activities that led to decline in the bottom line. As a result,
companies’ budget for cybersecurity software is expected to decline. The market
is then expected to recover and reach $208.28 billion in 2023 at CAGR of
11.02%.
The report covers the Cybersecurity
market’s segments-
1) By Solution: Network Security, Cloud Application Security, End-point
Security, Secure Web Gateway, Internet Security, Others
2) By Enterprise Size: Small & Medium Enterprise, Large Enterprise
3) By Deployment Type: Cloud, On Premises
4) By End-Use: BFSI, IT & Telecommunications, Retail, Healthcare,
Government, Manufacturing, Travel and Transportation, Energy and Utilities,
Others
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