Enterprise Cyber Security Solutions Market by End-user and Geography - Forecast and Analysis 2021-2025

The enterprise cyber security solutions market share is expected to increase by USD 35.84 billion from 2020 to 2025, and the market's growth momentum will accelerate at a CAGR of 10.94%. This enterprise cyber security solutions market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. The enterprise cyber security solutions market report also offers information on several market vendors, including Akamai Technologies Inc., Broadcom Inc., Check Point Software Technologies Ltd., Cisco Systems Inc., Corporation Service Co., Hewlett Packard Enterprise Co., Huawei Investment and Holding Co. Ltd., Intel Corp., Intercede Ltd., and International Business Machines Corp. among others. Furthermore, this report extensively covers market segmentation by end-user (telecom and manufacturing, government, BFSI, healthcare, and others) and geography (North America, APAC, Europe, MEA, and South America).

What will the Enterprise Cyber Security Solutions Market Size be During the Forecast Period?

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Enterprise Cyber Security Solutions Market: Key Drivers and Trends

The increase in the use of mobile devices is notably driving the enterprise cyber security solutions market growth, although factors such as the high cost of implementation may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the enterprise cyber security solutions industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Enterprise Cyber Security Solutions Market Driver

One of the key factors driving growth in the enterprise cyber security solutions market is the increase in the use of mobile devices. With the growing adoption of mobile devices, such as mobile phones, laptops, and tablets, the need for cyber security solutions is rising. The increasing use of such devices to access the Internet is increasing the chances of cybercrimes. The use of mobile devices for personal and professional use increases access to critical data and information, which, in turn, raises the chance of unauthorized access in case of a stolen mobile device. With technological advances, the acceptance of mobile devices for m-commerce, bill payment, and GPS is also increasing. The confidential information accessed by mobile devices requires high-level security against hacking. There is a high demand for advanced cybersecurity solutions as users are increasingly adopting cyber security solutions to ensure data and network security.

Key Enterprise Cyber Security Solutions Market Challenge

The high cost of implementation will be a major challenge for the enterprise cyber security solutions market. End-users that adopt enterprise cyber security solutions must pay for the applications they use. The cost increases when vendors must provide services such as security, backup, resilience, encryption, and hosting to their customers. Most of the end-user industries incur a high cost for implementing security system integration within the solution requirement. The overall deployment cost of enterprise cyber security solutions includes the cost of software licensing, system designing, and customization implementation training and maintenance. Post-implementation, the solutions need a regular update. All these factors increase the overall cost that end-users incur for implementing these solutions. SMEs with financial constraints may not be able to adopt cyber security solutions because of their high cost

This enterprise cyber security solutions market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.

Who are the Major Enterprise Cyber Security Solutions Market Vendors?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

• Akamai Technologies Inc.
• Broadcom Inc.
• Check Point Software Technologies Ltd.
• Cisco Systems Inc.
• Corporation Service Co.
• Hewlett Packard Enterprise Co.
• Huawei Investment and Holding Co. Ltd.
• Intel Corp.
• Intercede Ltd.
• International Business Machines Corp.

This statistical study of the enterprise cyber security solutions market encompasses successful business strategies deployed by the key vendors. The enterprise cyber security solutions market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The enterprise cyber security solutions market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

Which are the Key Regions for Enterprise Cyber Security Solutions Market?