Cyber Security: Threats, Challenges and Opportunities- A Market Overview by ReAnIn

Cyberwarfare has become the harsh reality of the 21st century and opened a whole new domain for attacks and warfare. There are multiple types of cyberattacks including Denial-of-service (DOS), propaganda, power grid disruption, sabotage, espionage, etc. Attack on the Ukrainian power grid in 2015 and 2016 are a few leading examples of such attacks. The 2015 attack had led to power outages for more than 225,000 consumers in Ukraine for 1-6 hours, while one-fifth of the Ukrainian capital, Keiv's were affected in the 2016 attack.

Cyberwarfare has become the harsh reality of the 21^st century and opened a whole new domain for attacks and warfare. There are multiple types of cyberattacks including Denial-of-service (DOS), propaganda, power grid disruption, sabotage, espionage, etc. Attack on the Ukrainian power grid in 2015 and 2016 are a few leading examples of such attacks. The 2015 attack had led to power outages for more than 225,000 consumers in Ukraine for 1-6 hours, while one-fifth of the Ukrainian capital, Keiv's were affected in the 2016 attack.

As it is evident from the recent crisis between Ukraine and Russia that traditional wars cannot be replaced by cyber-warfare; however, technology and cyber operations will work as an aid in conventional wars.

Access the report description on: Global Cyber Warfare Market

Cyber Security Market Overview:

According to ReAnIn, the global cyber security market was valued at USD 170.3 billion in the year 2021 and is projected to reach USD 347.2 billion by the year 2028, registering a CAGR of 10.7% during the forecast period. Among regions, North America accounted for the highest share (~38%) followed by Europe (~29%), whereas Asia Pacific is expected to witness the highest CAGR (13.8%) over the forecast period.

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Key Highlights of the Report

Market Segmentation:

ReAnIn has segmented the global cyber security market by:

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Competitive Landscape

The global cyber security market is highly fragmented as global players face stiff competition from regional players. Prominent players in this market include Accenture Plc, AlgoSec, Amazon Web Services, AVG Technologies, BluVector, Inc., Check Point Software Technologies Ltd, Cisco Systems Inc., Cyber Ark Software Ltd, FireEye Inc., Fortinet Inc, IBM Corporation, Imperva Inc., Juniper Network, McAfee Corp., Micro Focus, Palo Alto Networks Inc., Proofpoint Inc., Rapid7 Inc., SonicWall, Sophos Plc, Symantec Corporation and Trend Micro Inc.

About ReAnIn

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