Cybersecurity Market Trend, Share, Overview, Size, Trends By Forecast 2030 | IBM, Cisco, Crowdstrike, Foritnet, Symantec
Cyberbiosecurity represents the convergence of cybersecurity, cyber-physical security, and biosecurity. Cybersecurity is crucial to safeguard bio economy of a country and cyberbiosecurity breaches can directly impact patients in various ways – from compromised data privacy to disruption in production and distribution. This can significantly impact a region’s ability to fight and respond to large-scale biological events such as epidemics and pandemics. Growing need to strengthen cybersecurity for safe and effective production of biopharmaceuticals, rising awareness regarding importance of cyberbiosafety and resultant rise in investment to develop robust solutions, and increasing focus on assessing emerging cybersecurity risks in biopharmaceutical sector are some key factors expected to drive Cyberbiosecurity market revenue growth over the forecast period. In addition, rising incidence of ransomware and malware attacks on research institutes, growing availability of massive intellectual property of healthcare sector, and increasing concerns regarding data security are some other factors expected to boost adoption of cyberbiosecurity solutions and contribute to revenue growth of the market going ahead. With the rise of cybersecurity, the Cyber Security Startups are in the golden phase where they have a high growth market and increasing demand.
The study on the Global Cyber Security Market is the latest report covering the impact analysis of the currently ongoing COVID-19 pandemic. The pandemic has directly affected the market by causing disruptions in the global supply chains and indirectly by inducing financial difficulties. The Cyber Security market has witnessed dynamic changes in trends and demands owing to the ongoing COVID-19 pandemic. The report provides a detailed outlook on how the pandemic has affected the key segments of the Cyber Security industry. The report includes an in-depth impact analysis of the COVID-19 pandemic on the overall Cyber Security industry.
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COVID-19 Impact Analysis
- Social distancing and restrictions severely disrupted businesses and operations
- Lockdowns caused disruptions in transportation and logistics
- Impacted manufacturing activities and mining operations globally
- Took a toll on economy of various countries
- Caused sudden and drastic downturn in economic activity
- Disrupted agriculture, fisheries, dairy, and other sectors
- Caused loss of employment and financial crisis
- Supply impacts were further compounded owing to reduced disposable income
- Emergence of variants continue to cause concerns and impact normal routines
Ransomware Attack Type Segment to Register Significant Revenue Growth:
Ransomware attack segment is expected to register significant revenue growth over the forecast period attributable to growing incidence of ransomware attacks on vaccine manufacturers, supply chain companies, and biomedical research firms due to availability of significant sensitive information. Ransomware attacks incur significant damages to the organizations and are considered as one of the most dangerous cyberattacks for healthcare organizations.
Leading Companies of the Cyber Security Industry and Profiled in the Report are:
- Check Point Software
- Palo Alto Networks
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Furthermore, the report divides the Cyber Security market into key segments and sub-segments to offer an analysis of the product type and application spectrum of the industry. It also offers predictions about the segments expected to show significant growth during the projected timeline.
For the purpose of this report, Emergen Research has segmented the global cyberbiosecurity market on the basis of attack type, end-use, and region:
Attack Type Outlook (Revenue, USD Million, 2019-2030)
- Phishing Mails
- Distributed Denial of Service (DDoS) attacks
- Password Attacks
- Corporate Espionage
- Other Malicious Activities
End-Use Outlook (Revenue, USD Million, 2019-2030)
- Biomedical Research Organizations
- Medical Equipment and Surgical Material Manufacturers
- Pharmaceutical Firms
- Immunology Experts and Pharmacies
- Healthcare Logistics & Transportation Companies
- Food & Agriculture Companies
The report sheds light on the region expected to dominate the Cyber Security market in the coming years. The report estimates the market size in terms of volume and value and offers an accurate estimate of the market share each region is anticipated to hold during the forecast period. The report analyzes the spread of the Cyber Security market in key geographies covering North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. The regional analysis offers an idea about the production and consumption pattern, import/export, supply and demand ratio, revenue contribution, market share and size, and the presence of prominent players in each region.
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The report covers key points of the market, including the standards, regulations, and policy changes applied by the government on the industry for the coming years. The report encompasses thorough research carried out by the application of advanced analytical tools such as SWOT analysis and Porter’s Five Forces analysis to pinpoint the growth trends and patterns. Factors likely to influence the growth of the market, current trends, opportunities, restraining factors, and business landscape are discussed in-depth in the market study.
Key Points of Cyber Security Market:
- Extensive coverage of the analysis of the Cyber Security market
- Key insights into the regional spread of the industry in key geographies
- Radical insights into the vital market trends; both current and emerging trends, and factors influencing the growth of the market
- Comprehensive coverage of the impact of the COVID-19 pandemic on the overall growth of the Cyber Security market
- Complete data about the key manufacturers and vendors in the Cyber Security market
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