Internet Security Market: Current Analysis and Forecast (2022-2030)

Report Description

The Internet Security Market is expected to grow at a strong CAGR of 10.68% during the forecast period owing to the increasing advancements in technology. The management of cyber threats and risks associated with the Internet, web browsers, web apps, websites, and networks is a central component of internet security. Internet security prevents cybercriminals from gaining access to sensitive and valuable data, network security is essential. The demand of this market is rising due to the rising concerns about the Identity theft, asset theft, and damage to a company’s reputation issues that arises when hackers gain access to this kind of data. With the rising development in the IoT market, IoT arrangements are acquiring fame across different data security applications. A rapidly emerging market trend is the increasing use of advanced internet security technologies like big data and cloud technology helps businesses learn about and investigate potential risks.

Some of the major players operating in the market include Tata Communications; Cisco; IBM; Siemens; Fortinet, Inc; Microsoft; Amazon Web Services, Inc.; Oracle; McAfee, LLC; Check Point Software Technologies Ltd.

Insights Presented in the Report

“Amongst components, the services segment will also attain a considerable share of the market during the forecast period.”

Based on component, the market is bifurcated into solutions and services. Among these, the service segment holds the highest share of the market. This is because small and medium-sized businesses are increasingly looking for consulting, maintenance, and upgrade services. Also, the pandemic episode prompted a lift in the reception of digital protection administrations attributable to a few associations wanting to reinforce their IT framework and organization security.

“Amongst deployment mode, the cloud segment captured the majority share of the internet security market in 2021.”

Based on deployment mode, the market is bifurcated into cloud and on-premise. Among these, the cloud segment will withhold the maximum CAGR in the forecasted period. Cloud-based security arrangements are simple and savvy to convey and oversee as well as redesign, which is a portion of the great reasons expected to add to showcase development. Further, the high development can be credited to the advancements being done in cloud technology. For instance, U.S. Cybersecurity & Infrastructure Security Agency (CISA) has made available a brand-new incident response tool that is open source and helps find signs of malicious activity in Microsoft cloud environments.

“Amongst security types, the network security is holding the largest share of the internet security market”

Based on security type, the market is categorized into network security, cloud application security, end-point security, gateway security, and others. Among these, the network security segment of the internet security market is holding the highest share of the market as network safety is critical on the grounds that it protects a wide range of information against burglary and misfortune including data, government and business information systems, sensitive data, protected health information (PHI), personally identifiable information (PII), intellectual property, and personal information.

“APAC holds the largest share of the Internet Security Market in 2021.”

It is anticipated that the market in APAC will expand at the fastest rate due to the widespread use of cloud technologies, the proliferation of Internet of Things (IoT) devices, and the rising number of data center constructions all contributing to this region’s expansion. Additionally, the region’s large working population has a lot of endpoint devices and generates a lot of data, which is why many businesses are implementing cybersecurity solutions. In addition, the market expansion is anticipated to be driven by rising government and defense spending in China, India, Japan, South Korea, and other nations to protect themselves from cyber warfare.

Internet Security Market Report Coverage

Reasons to buy this report:

• The study includes market sizing and forecasting analysis validated by authenticated key industry experts.
• The report presents a quick review of overall industry performance at one glance.
• The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolios, expansion strategies, and recent developments.
• Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry.
• The study comprehensively covers the market across different segments.
• Deep dive regional level analysis of the industry.

Customization Options:

The global Internet Security market can further be customized as per the requirement or any other market segment. Besides this, UMI understands that you may have your own business needs, hence feel free to contact us to get a report that completely suits your requirements.

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Research Methodology

Research Methodology for the Internet Security Market Analysis (2022-2030)

Analyzing the historical market, estimating the current market, and forecasting the future market of the global Internet Security market were the three major steps undertaken to create and analyze the adoption of Internet Security in major regions globally. Exhaustive secondary research was conducted to collect the historical market numbers and estimate the current market size. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were also conducted, with industry experts across the value chain of the global Internet Security market. Post assumption and validation of market numbers through primary interviews, we employed a top-down/bottom-up approach to forecasting the complete market size. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments of the industry pertains to. Detailed methodology is explained below:

Analysis of Historical Market Size

Step 1: In-Depth Study of Secondary Sources:

Detail secondary study was conducted to obtain the historical market size of the Internet Security market through company internal sources such as annual reports & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.

Step 2: Market Segmentation:

After obtaining the historical market size of the Internet Security market, we conducted a detailed secondary analysis to gather historical market insights and share for different segments & sub-segments for major regions. Major segments are included in the report as a component, development mode, security type, internet security attacks, and industry type. Further country-level analyses were conducted to evaluate the overall adoption of testing models in that region.

Step 3: Factor Analysis:

After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size of the Internet Security market. Further, we conducted factor analysis using dependent and independent variables such as component, development mode, security type, internet security attacks, and industry type. A thorough analysis was conducted of demand and supply-side scenarios considering top partnerships, mergers and acquisitions, business expansion, and product launches in the Internet Security market sector across the globe.

Current Market Size Estimate & Forecast

Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at the current market size, key players in the global Internet Security market, and market shares of the segments. All the required percentage shares split and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.

Estimation & Forecasting: For market estimation and forecast, weights were assigned to different factors including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques i.e., the top-down/bottom-up approach were applied to arrive at the market forecast for 2028 for different segments and sub-segments across the major markets globally. The research methodology adopted to estimate the market size encompasses:

• The industry’s market size, in terms of revenue (USD) and the adoption rate of the Internet Security market across the major markets domestically
• All percentage shares, splits, and breakdowns of market segments and sub-segments.
• Key players in the global Internet Security market in terms of products offered. Also, the growth strategies adopted by these players to compete in the fast-growing market

Market Size and Share Validation

Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, Regional Head, Country Head, etc.) across major regions. Primary research findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.

Split of Primary Participants in Different Regions

Market Engineering

The data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers for each segment and sub-segment of the global Internet Security market. Data was split into several segments & sub-segments post studying various parameters and trends in the areas of the component, application, industry, and deployment mode in the global Internet Security market.

The main objective of the Global Internet Security Market Study

The current & future market trends of the global Internet Security market were pinpointed in the study. Investors can gain strategic insights to base their discretion for investments on the qualitative and quantitative analysis performed in the study. Current and future market trends determined the overall attractiveness of the market at a regional level, providing a platform for the industrial participant to exploit the untapped market to benefit from a first-mover advantage. Other quantitative goals of the studies include:

• Analyze the current and forecast market size of the Internet Security market in terms of value (USD). Also, analyze the current and forecast market size of different segments and sub-segments.
• Segments in the study include areas of the component, application, industry, and deployment mode.
• Define and analysis of the regulatory framework for the Internet Security industry.
• Analyze the value chain involved with the presence of various intermediaries, along with analyzing customer and competitor behaviors of the industry.
• Analyze the current and forecast market size of the Internet Security market for the major region.
• Major countries of regions studied in the report include Asia Pacific, Europe, North America, and the Rest of the World
• Company profiles of the Internet Security market and the growth strategies adopted by the market players to sustain in the fast-growing market.
• Deep dive regional level analysis of the industry

You can also purchase parts of this report. Do you want to check out a section wise
price list?

Get in touch with team